Real Estate News

Inman

• Mortgage demand hits new low
  For purchase mortgages, across all loan types, the net share of lenders reporting demand growth over the previous three months clocked the lowest reading for any fourth quarter since the Fannie Mae survey's inception in 2014.
• Bidding wars drop to lowest level in 8 years
  Bidding wars for homes have dropped to their lowest level in eight years, according to Redfin, but competition still remains strong in the nation’s hottest markets.
• Why real estate agents turn to plastic surgery
  For some real estate agents, the pressure to give off a flawless appearance leads to plastic surgery and costly, age-defying medical procedures.
• More than 75% of all homes will sell below asking price in 2019
  More than three quarters of all homes on the market will sell below asking price, Knock, the home-resale company, projected in a national forecast.
• Do 3D home tours matter?
  Although the overwhelming consensus is that the technology offers real benefits to agents, many users told Inman this week that it's also limited by high costs, concerns about privacy and a rapidly evolving technology market.