December chill could thaw out by spring for a ‘boring’ year
If mortgage rates continue to decline, we could see a more normal spring selling season, according to a Zillow economist.
January 20, 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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- As interest rates decline, loan activity begins to bounce backThe 30-year fixed-rate mortgage averaged 6.15% this week, the lowest rate since September.January 19, 2023
- Glenn Sanford focused on agents, growth and well-being as eXp moves forwardBy stepping back into the CEO role at eXp Realty, Sanford wants to send a clear message that he’s there to help agents through the market slowdown.January 19, 2023
- A tough start for buyers — and renters — in 2023A new report from ATTOM finds renting is more affordable than owning across most of the U.S., a big change from a year ago.January 18, 2023
- Older Americans will contribute meaningfully to inventory in 2023While families with school-aged children still account for the most listings, retirees and empty-nesters make up a significant market share.January 18, 2023
- Zillow begins rolling out its latest ShowingTime+ featureAn on-demand photography service, now available in a handful of major metros, is the company's latest step in building an agent "super app."January 18, 2023
- Real estate in 2023: A return to 'slow and steady wealth building'Economists and other industry leaders believe the wild ride of 2022 is giving way to a quieter, steadier 2023.January 17, 2023
- Teams are good, boutique teams are better, survey findsIn a new study from Side, agents on boutique teams reported higher levels of satisfaction and higher earnings compared with traditional brokerage teams.January 16, 2023
- Optimism propels Canada’s largest brokerage forwardBridgemarq's Phil Soper has overseen the steady and consistent growth of the company during his 20-year tenure as CEO.January 13, 2023
- Redfin helping buyers understand energy costsThe company has added a feature to its listings that gives buyers an estimate of a home's electricity usage, seasonal changes and cost.January 12, 2023
- Mortgage rates dip as inflation slowsFollowing a two-week uptick, the 30-year mortgage rate dropped this week, averaging 6.33% on Jan. 12, down from 6.48% the week before.January 12, 2023
- Inventory rising in nearly every major metroA Realtor.com report found the number of homes for sale was up significantly year-over-year in December, but still well below pre-pandemic levels.January 12, 2023
- Real estate's most powerful womenIn this year’s Swanepoel Power 200, more women than ever are among the top 25 executives on the list.January 11, 2023
- SP 200: A new leader rises to the topThe Swanepoel Power 200, the definitive ranking of the most powerful leaders in residential real estate, names a new No. 1 for 2023.January 10, 2023
- Yes, your buyer can bid on that $1M homeFor the first time ever, the baseline conforming loan limit topped $1 million in high-cost areas, giving buyers more purchase options.January 6, 2023
- 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
