Business owners are building employee housing after an influx of transplants from New York City made a tight rental market even tighter.

Inman Connect is how top performers in the real estate industry are staying ahead. Reserve your spot today for a two-day Inman Connect virtual event on October 18-19, to join the conversation.

Find out the ins and outs of what went on behind the scenes at ICLV, including what people were talking about and what was in the air, with Revaluate co-founder Chris Drayer as your guide.

Are we in an economic recession or a market-imploding housing recession? This week, Byron Lazine and Nicole White discuss the impact of low builder confidence, the changing real estate industry and politics from left, right and center.

"While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability," Zillow’s latest market report reads.

The Procision AVM suite comes in three flavors for mortgage lenders, capital market investors, proptechs and real estate professionals.

Jonathan Stein's team was ranked BHS' No. 1 downtown real estate team in 2021, bringing in over $100 million in closed or pending contracts that year.

The second annual Top Producers list honors 325 agents and team leaders who raked in $4.85 million in 2021, alone, reflecting the growing influence of LGBTQ+ agents in the industry, the Alliance says.

"Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price," said NAR's Chief Economist Lawrence Yun.

We all develop bad habits and blind spots that undermine our accomplishments, writes Jimmy Burgess. Here's how to identify them before they take a toll on your success.

Pandemic-spurred access to technology in the transaction continues to fuel consumer demand for more seamless ways of doing business, speakers at Inman Connect Las Vegas said.

Keeping your business in good financial health isn’t something you can set and forget. Business finances aren’t something that only needs looking at once a year; they need constant monitoring, review and adjustment to keep everything running smoothly.

Even the smallest company needs to stay on top of its finances – after all, things like cash flow and quarterly tax returns are hardly something you can afford to ignore for long. Here are some tips to keep your finances in check this year.

1. Send out the Invoices Ahead of Time

You can’t keep track of every invoice you receive, so you must ensure that your invoices are always sent out in good time. While it’s not possible to stop all invoices from coming in, it is possible to ensure that your invoices are always sent out on time.

The first step is making sure that your business has a clear understanding of when invoices are due. You can then use a generator with the best invoice template to ensure that you capture all the details.

Homebuilders say they’re becoming concerned that increasing numbers of buyers are pulling out of sales contracts for new homes. That’s led to homebuilder confidence falling for the eighth month in a row, according to the Commerce Department this week.

Last month, single-family home construction dropped by 10% annually, falling to its lowest level since the beginning of the COVID-19 pandemic.

This year has seen a big slump in buyer demand for new homes. Builders say rising interest rates and the increased cost of building materials are the primary factors behind this. Since January 2020, the average cost to build a new home has risen by 35.7%, and those expenses are typically passed onto buyers. In addition, some construction projects have been delayed by supply chain issues, while inflation is only making things worse.

National Association of Home Builders Chairman Jerry Konter said what we’re seeing is a “housing recession”. He explained that one in five home builders have reduced their asking prices in the last month in an effort to boost sales and stop buyers from canceling their contracts. Despite these efforts, single-family housing starts are expected to decline this year compared to a year earlier, which would be the first time they have decreased since 2011.

There could be some relief on the horizon, with some economists saying they’re seeing signs that inflation is peaking and mortgage rates are stabilizing. National Association of Realtors Chief Economist Lawrence Yun says the persistent shortage of homes should ensure that demand from buyers remains elevated over the long term.

It’s real, but be prepared for a protracted renovation project and uncertain future costs.

This week’s properties are five-bedroom homes in Atlantic Highlands, N.J., and Orangeburg, N.Y.

This week’s properties are in Brooklyn Heights, Harlem and Battery Park City.

The average American spends over 70 hours a year working in their yard. 70 hours – almost three whole days – when they’re not having fun with the family or doing other activities. Doesn’t that sound like a lot of time to devote to something most of us don’t even enjoy?

The good news is that there are many lawn care services out there who’ll gladly do the hard work for you. They’re also seasoned pros who’ll do more than share tips for a healthy lawn – they’ll do it for you. And they’ll provide professional lawn care to a standard we weekend warriors can only dream of.

Let’s take a look at America’s top 10 lawncare services that make life easier for home owners from sea to sea.

1. TruGreen

TruGreen offers its services to 48 states, with only Alaska and Hawaii currently excluded.

The service begins with a lawn analysis. TruGreen then offers four different plans, providing a range of services:

According to recent data, mortgage applications are at their worst in 22 years. Just a short time ago, it seemed everyone was in a rush to either buy a home or refinance, but now Americans have put the brakes on the housing market. 

There are several reasons for the dip in mortgage applications, including mortgage rates, inflation, housing supply, and what many fear is an unstable economy. It’s anyone’s guess when the market will bounce back and recover.

Here’s more on why mortgage applications continue to decline.

Mortgage Rates

A rise in mortgage rates is one of the biggest reasons mortgage applications continue to drop. Many people are skittish about borrowing money to buy a house as the rates continue to rise. 

Mortgage rates jumped more than 2 percent since the end of 2021; in August 2022, they are at a little more than five percent. Since 1976, mortgage rates have been in decline. There are few times in history when mortgage rates rose this fast, affecting the housing market. 

Sometimes real estate agents don't seem to be able to break away from the script and listen to what potential clients really want and need. Broker Teresa Boardman offers a tale of two customer service experiences to share the importance of paying attention.