The Riley Smith Group officially brought its 30-agent team to Compass on June 24. The move was a natural progression as the team looked to further evolve, Riley Smith said in a statement.

It's no secret that startups are risky business, but the real estate industry has a tradition of holding the door open for new tech. Expert Georg Chmiel weighs in on how this means big opportunities for burgeoning companies looking to make an impact.

Tony Rogers, who served as chief growth officer following 17 years as CMO of Walmart, has resigned from kwx. His departure comes less than a month after CEO Carl Liebert's exit.

When you think of celebrating Pride, is it only in the month of June? Nick Acosta shares his personal message about growing up, the importance of community, and speaking out about Pride issues in the real estate industry.

From ficus hedges and podocarpus shrubs to palm trees and bamboo, real estate agents can boost their bottom line with a basic knowledge of landscaping and how it can improve clients' privacy.

Content creators are turning Zillow listings into cold hard cash, often with for-sale properties as the butt of the joke. But increasingly the attention is drawing interest from young homebuyers.

Looking for a quick catch-up on the buzziest stories of the past seven days? Here's Inman Top 5, the most essential stories of the week, according to Inman readers.

Sales of newly built homes shot up 10.7 percent from April to May, with 696,000 new homes sold over the course of the month, according to data released Friday by the U.S. Census Bureau.

Mortgage payments are as high as it's been in recent memory. But a sudden slowdown in growth may spell a turning point for the market.

Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association. However, applications are still down 10% compared to one week ago.

The MBA said that last week’s jump in mortgage rates may have actually increased homebuying demand, as consumers worry that rates will rise again in the coming weeks. Mortgage rates are now at their highest level since 2008.

Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.98% from 5.65%, with points rising to 0.77 from 0.71 (including the origination fee) for loans with a 20% down payment. Rates are now nearly double what they were one year ago.

MBA economist Joel Kan told CNBC that purchase applications increased for the second week in a row, driven by both conventional mortgage applications and a 10% rise in ARM mortgage applications.

“The average loan size, at just over $420,000, is well below its $460,000 peak earlier this year and is potentially a sign that home price-growth is moderating,” he added.

Mortgage locks for second homes fell 4 percent from pre-pandemic levels in May as mortgage rates rose to nearly 6 percent and the housing market continued to cool, according to data issued Friday by Redfin.

Enter your household income and size, and we’ll tell you what housing programs you may be eligible for and how to apply.

Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting inventory, according to the latest market report from Zillow.

A miniature house model is sitting on a desk. A piggy bank and coins are besides the house. The scene symbolizes saving up for a new house.

Mortgage rates shot up in early June, averaging 5.78%2 as of Thursday. A new purchase of a typical U.S. home3 at that rate would mean monthly mortgage payments of $2,127, that’s 51% higher than a year ago and up 36% year to date.

“Mortgage rates took an unprecedented leap skyward over the past two weeks and quickly multiplied housing costs as they rose,” said Zillow economist Nicole Bachaud. “We are already seeing signs of waning demand, and expect these recent rate hikes to quicken the market’s needed rebalancing. While shoppers will likely experience less competition for homes than the frenzied recent months, their purchasing power has dwindled.”

Incomes are lagging further behind fast-rising mortgage costs, leading to the most significant affordability challenges in the past 15 years. The latest data available from April shows monthly payments taking about 28% of homeowners’ monthly income — dangerously close to the 30% threshold, beyond which is considered a cost burden. With rates now far above April’s average, that share is at or very near 30% already. Zillow data for this metric is available through 2007; the Atlanta Federal Reserve’s Home Ownership Affordability Monitor shows affordability bottoming out in July 2006.

Although rents have soared since the start of 2021, the rapidly rising cost of a mortgage still makes rent the cheaper option nearly everywhere. A typical rent payment in May is more expensive than a mortgage payment (with a 20% down payment), including taxes and insurance, in just five of the 50 largest U.S. metros. In May 2019, rent was more expensive in 28 of those metros.

Soaring rents across the country have motivated some young couples to move in together earlier than they planned.

Technology-driven floor plans are a tool for helping depict the true value of a home and ultimately driving more well-informed financial decisions for buyers and sellers alike.

Inman Connect Las Vegas speakers will invite attendees to look to the stars, push themselves to new heights and adopt mindsets that can open doors to success.

Some homeowners looked at rising home prices and decided to get out while the going was still good. Now they’re renters again.

When it comes to geographic farming, says Jimmy Burgess, this is the time to be real with yourself. The main reason farming efforts fail is a lack of consistency and commitment to executing on the marketing strategies needed for success.

The increase will be the highest in nearly a decade.

Most New Yorkers will never own their homes, and yet people keep coming. Why?