5 markets where rising inventory is helping buyers
Affordability has remained a problem in much of the country, even as supply has increased. But a few areas, led by Tampa, are becoming more accessible.
July 29, 2024
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- How one major association is getting ahead of industry changesSouth Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.July 29, 2024
- Buyers continue to hold out as rates stay putMortgage rates remained nearly flat as the market awaits the Fed’s next move. Meanwhile, inventory is still growing — but “sellers are pulling back.”July 25, 2024
- Pocket listings lawsuit gets (another) new lease on lifeA U.S. District Court judge has approved a motion from the plaintiffs requesting reconsideration of a case originally filed against NAR in 2020.July 24, 2024
- KW surpasses $2B in profit sharesThe profit-share program, which made headlines last year after the company proposed changes, hit a new milestone with the multibillion-dollar figure.July 22, 2024
- A top eXp exec jumps to fast-growing cloud-based brokerageFormer eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.July 22, 2024
- Howard Hanna offering buyer agreement/mortgage bundle dealBuyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.July 19, 2024
- MLS data shares picking up steam in the SoutheastFour MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.July 19, 2024
- Mortgage rates tumble; time for buyers to ‘get serious’Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.July 18, 2024
- FCC looks to tighten rules on AI-generated robocallsThe proposed regulation — the first of its kind — comes at a time when the real estate is already dealing with lawsuits over unsolicited texts and calls.July 17, 2024
- Will a fall rate cut kick-start home sales?The Fed is expected to cut rates in September, which may spur buyer activity — but after Canada’s central bank cut rates for the first time in June, sales fell.July 16, 2024
- United, HomeSmart reach deals in commissions caseThe two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.Updated July 16, 2024
- Arizona Realtors unveils new forms that are ‘to the point’The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.July 15, 2024
- Brokerage damage amounts revealed; NAR request deniedSettlement details and dates have been set for Compass, Real, Douglas Elliman, Realty One and @properties, but NAR hit a roadblock in its fight with the DOJ.July 12, 2024
- Rate cuts are looking more likely — but not quite yetMortgage rates dipped this week, and the latest inflation and jobs data increase the chance of a rate cut in September.July 11, 2024
- Inventory keeps rising — will more listings mean more sales?Supply is well above last year’s levels, but lower mortgage rates will be key to luring buyers into the market.July 10, 2024
- New MoxiWorks CEO poised to disrupt real estate techEric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.”July 9, 2024
- Court sets deadline for appeals in brokerage settlementsA status update in the 5-year-old Moehrl case says any objections to the deals must be filed next month, while HomeServices continues to hash out its agreement.July 8, 2024
- Consumers are (slightly) more optimistic about buying a homeBucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.July 8, 2024
- Mortgage rates back up after 4 weeks of declinesWith average rates approaching 7%, it’s still a tough housing market — but there are signs it may be easing.July 3, 2024
