A cooling real estate market has already led to cuts at companies far and wide. The San Francisco-based rental search portal is the latest. Read more here:: https://www.inman.com/2022/06/17/rental-market-not-immune-to-cuts-as-zumper-lays-off-15-of-staff/
The rise of the millennial art collector, testing the waters in a new locale and vacationing closer to home are all trends luxury real estate agents are seeing from their clients moving into summer. Read more here:: https://www.inman.com/2022/06/17/millennial-art-buyers-toe-dipping-and-the-return-of-staycations-8-summer-trends-you-need-to-know/
Housing starts clocked in at a seasonally adjusted rate of 1,549,000, a 14.4 percent decline from revised April levels, according to the U.S. Census Bureau and Dept. of Housing and Urban Development. Read more here:: https://www.inman.com/2022/06/16/housing-starts-fall-dramatically-as-builders-fret-over-declining-demand/
Scottsdale, Arizona-based HomeLight announced that its all-stock deal raises the company’s valuation to $1.7 billion and makes it the largest “agent-focused” cash offer program in the U.S. Read more here:: https://www.inman.com/2022/06/16/homelight-raises-115m-and-acquires-cash-offer-rival-accept-inc/
Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that “We need to get back to a place where supply and demand are back together.” Read more here:: https://www.inman.com/2022/06/16/homebuyers-need-a-bit-of-a-reset-fed-chair-jerome-powell-declares/
Reaction to rate hike was mixed on Wednesday as real estate agents noted what they saw as a clear signs of a “transitioning market.” Economists say mortgage rates could actually dip Read more here:: https://www.inman.com/2022/06/16/could-mortgage-rates-fall-agents-react-to-biggest-rate-hike-in-28-years/
With the negative shift ravaging the real estate market, it is easy to say that there is no positive to take out of it. But as with every market, there are opportunities. Read more here:: https://www.inman.com/2022/06/16/the-shifting-market-and-your-investment-strategy/
This week, we’re wondering: What’s your own personal kryptonite? Let us know in this week’s Pulse. Read more here:: https://www.inman.com/2022/06/15/what-drains-you-pulse/
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they’re taking a second look. Read more here:: https://www.inman.com/2022/06/15/rise-fall-repeat-the-biggest-housing-surprises-of-2022-so-far/
The ranks of the real estate industry have swelled over the past decade. Some experts who spoke to Inman believe a trend in the opposite direction may be picking up speed. Read more here:: https://www.inman.com/2022/06/15/do-layoffs-at-compass-and-redfin-signal-a-looming-real-estate-purge/
