New home sales plunge to 14-month low in June

According to the U.S. Census Bureau’s latest report on Monday, new residential sales declined 19.4 percent from June 2020. New residential home sales have fallen to the lowest level since the beginning of the pandemic, according to the US Census Bureau’s latest report released on Monday. Despite a monthly decline in median home prices (-2.8%) … Read more

A buyer-friendly market may soon be in reach, new data suggests

The fall could bring cooling prices and more inventory, according to a new report from realtor.com released Thursday. Buyers may catch a break from the red-hot housing market soon, according to Realtor.com’s Weekly Housing Trends report released Thursday. New listings fell 3 percent for the week ending July 3. But with year-over-year increases during 12 … Read more

Inman Handbook on pending home sales

This is the first installment of a new Inman series digging into, and explaining, routine real estate economic metrics and how they’re used to illuminate the current housing market and inventory crises. Check back tomorrow for the second installment on new-home sales. Each month, the National Association of Realtors (NAR) performs a ritual. In emails … Read more

5 people to watch at realtor.com as the company plots its next move

Realtor.com operator and News Corp. subsidiary Move Inc. started 2020 in upheaval, shuffling its leadership and then grappling with a pandemic that first shook, and then bolstered, the real estate market. David Doctorow at Inman Connect Now In January 2020, David Doctorow, a former eBay executive, took the helm of Move after former CEO Ryan O’Hara … Read more

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