Category: Housing market

Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall when mortgage rates were skyrocketing.

What’s happening: Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices and make concessions.

While home prices will likely keep falling, there’s reason to think a recovery in sale activity is already underway.

By the numbers: Pending home sales were…….

Millennials, grab those keys. Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Driving the news: Pending home sales were up 3% nationwide in December, according to Redfin’s proprietary measure.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall.

Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices.

Between the lines: Mortgage rates are dropping. Rates peaked at over 7% in November but h…….

Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall when mortgage rates were skyrocketing.

What’s happening: Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices and make concessions.

While home prices will likely keep falling, there’s reason to think a recovery in sale activity is already underway.

By the numbers: Pending home sales were…….

Millennials, grab those keys. Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Driving the news: Pending home sales were up 3% nationwide in December, according to Redfin’s proprietary measure.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall.

Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices.

Between the lines: Mortgage rates are dropping. Rates peaked at over 7% in November but h…….

Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall when mortgage rates were skyrocketing.

What’s happening: Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices and make concessions.

While home prices will likely keep falling, there’s reason to think a recovery in sale activity is already underway.

By the numbers: Pending home sales were…….

Millennials, grab those keys. Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Driving the news: Pending home sales were up 3% nationwide in December, according to Redfin’s proprietary measure.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall.

Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices.

Between the lines: Mortgage rates are dropping. Rates peaked at over 7% in November but h…….

The real estate industry could soon be upended, says star broker Jason Oppenheim.

Oppenheim – who leads a team of glamorous agents on Netflix (NFLX) reality series “Selling Sunset” – recently sat down with Yahoo Finance to talk about the current state of the U.S. real estate market. During the far-ranging conversation, he warned that the industry’s commission structure could soon change forever.

“To be specific about real estate agents, we’ve got federal regulators and a couple of lawsuits coming down the pipeline that at worst case could be an armageddon for real estate agents,” he said. “You might see regulators unc…….

Millennials, grab those keys. Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Driving the news: Pending home sales were up 3% nationwide in December, according to Redfin’s proprietary measure.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall.

Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices.

Between the lines: Mortgage rates are dropping. Rates peaked at over 7% in November but h…….

Data: Redfin; Chart: Axios Visuals

A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley’s real estate industry last week.

Yes, but: Local experts called the report “hyperbolic,” “misleading” and “a disservice” when Axios Phoenix requested comment.

What they’re saying: “This is so not the reality of what’s going on and not what anybody else expects to happen this year,” Phoenix Realtors president Butch Leiber told us.

Why it matters: More than 100,000 Arizona homes went into foreclosure in 2008, and the market took about a decade to fully re…….

Illustration: Shoshana Gordon/Axios

The housing market is showing signs of life after veering into a dead zone late last year.

Why it matters: These green shoots are a good sign for the economy overall, and run counter to some of the dire predictions made last fall when mortgage rates were skyrocketing.

What’s happening: Home buyers are making peace with higher mortgage rates, and sellers are making peace with the need to cut prices and make concessions.

While home prices will likely keep falling, there’s reason to think a recovery in sale activity is already underway.

By the numbers: Pending home sales were…….