Positive housing demand leads to inventory almost going negative YOY
Pending sales rose to 79,220 vs 74,212 last year as rates dipped to 6.42% and inventory growth slowed to 1.49% year over year.
News
An Investment in Knowledge Pays the Best Interest
- Benjamin Franklin
Realtor.com operator sees revenue rise 10% in News Corp’s Q3 earnings
News Corp revenue rose 9% to $2.19B and net income rose 13% to $121M, while Move revenue increased 10% to $148M.
AI agent aims to reshape how builders screen sites, spot deal risk
Warren Buffett, no stranger to the residential real estate business and to the incalculable role of homebuilding and development within it, is quoted as saying, “Valuing a business is part art and part science.” Buffett would appreciate the throughline from his broader mantra to its direct applicability to land valuation, a bulwark of any-sized homebuilding […]
Poll: Americans want Congress to act on lowering housing costs
A Bipartisan Policy Center poll of 1,000 registered voters found 83% want Congress to act on housing affordability, while 89% want the House and Senate to pass a bill lowering costs.
Huntington & Ellis rolls out Smart by h&e to support agents in deals
Huntington & Ellis launched Smart by h&e, an in-house AI trained on Nevada compliance to support contracts, timelines, and marketing.
After pushback, New Hampshire course-corrects pro-housing laws
Last year, New Hampshire lawmakers jumped on the bandwagon of state legislatures targeting a worsening housing shortage by mandating that local governments permit multifamily housing in commercially zoned areas. The effort sought to boost housing supply and improve affordability by stripping away local zoning authority. Local governments, true to the state’s “live free or die” […]