Yes, your buyer can bid on that $1M home
For the first time ever, the baseline conforming loan limit topped $1 million in high-cost areas, giving buyers more purchase options.
January 6, 2023
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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- Concessions are back: Sellers willing to negotiate, lower pricesAs a sign of shifting market dynamics, Redfin reported a record number of seller concessions in the fourth quarter.January 6, 2023
- 30-year mortgage rate inches upward as housing market remains sluggishThe rate now sits at 6.48%, up from 6.42% the week before. A year ago, the average rate was 3.22%.January 5, 2023
- East vs. West: Where sellers, buyers have the advantage in 2023A new market forecast predicts the top 5 buyers markets this year will be west of the Mississippi, while the top 5 sellers markets will be in the east.January 5, 2023
- Side taps former Zillow executive as presidentStephen Capezza, who oversaw the Premier Agent program at Zillow, will focus on growth as president at Side.January 4, 2023
- Florida, Texas or bust: Top mover destinationsIn its growth index report, U-Haul found more one-way truck customers moved to Southern and Southeastern states in 2022.January 4, 2023
- These were the hottest (and coldest markets) in 2022Cities in the Midwest and South topped Realtor.com's list of markets with the biggest gains in price per square foot.January 4, 2023
- 2023 housing market predictions: Common threadsAll the forecasts are in. See what economists agree on — and where their predictions for 2023 diverge.January 1, 2023
- Tech in 2023: Shifting from 'nice to have' to 'have to have'Tech leaders from Roof AI, MoxiWorks, Constellation1 and Zillow weigh in on the state of tech — and where it needs to go in 2023.December 30, 2022
- Even wealthy buyers are hitting the pause buttonA new Redfin report estimates sales of luxury homes dropped 38.1% year-over-year, the biggest decline in 10 years.December 28, 2022
- Real estate in 2022: A year of action-movie intensityAt this time last year, no one predicted that the market would take such a wild ride.December 22, 2022
- Realtor.com rentals division expands reach, nurtures future buyersSince acquiring rental management software company Avail in 2020, Realtor.com has doubled the size of the team and plans to grow its rentals footprint.Updated December 29, 2022
- The next few weeks will tell us where the market is headed in 2023The ATTOM/Altos Research Housing Market Outlook expects interest rates to remain elevated, leading to price drops of around 5% and a mild recession.December 20, 2022
- After a year of declining confidence, what's ahead for builders?The National Association of Home Builders’ survey showed confidence dropped for the 12th straight month in December, but things may be leveling out.December 19, 2022
- A slower market isn't slowing growth at The Real BrokerageReal CEO Tamir Poleg said the company is prioritizing growth — through acquisitions, agent count and market share — to improve the homebuying process.December 19, 2022
- Luxury brands are snatching up Global Living teams after breakup with CorcoranThe Corcoran Group cut ties with Global Living last month, prompting a number of the affiliate's former agents to team up with other brokerages.December 19, 2022
- Corcoran Group forms new affiliate after Global Living falloutAfter terminating a franchise agreement with Global Living, The Corcoran Group has launched a new affiliate with 900 agents in Northern California.December 16, 2022
- Condos are holding their value in markets across the USSince peaking in the spring, condominium prices have fallen 4.4% nationally, while single-family prices fell 8.6%.December 15, 2022
- Mortgage rates inch down for fifth straight weekDespite the Fed's half-point rate increase on Wednesday, the mortgage market continues to see declining rates, dropping to 6.31% today.December 15, 2022
- Homeowners who want to move feel 'stuck'A recent survey by Point found that 90% of homeowners who'd like to move in 2023 think it would be too costly.December 13, 2022
