Despite a flood of new listings, buyers are cooling off from high prices, rising mortgage rates and economic uncertainty, according to new reports from Zillow and Redfin. Pending homes sales declined 3.4 percent year over year during the four weeks ending May 11, marking the lowest level for this time of the year since 2020.
Compass adds Unlock Upstate Team to expand in Hudson Valley
The 14-agent team, which was previously affiliated with Berkshire Hathaway HomeServices under a different team name, closed over $100 million in sales last year, and has closed more than $410 million since 2020.
RentSpree, TransUnion partner in tenant screening
RentSpree is working with TransUnion to improve how leasing agents and property managers determine a lease applicant’s background.
Consumer sentiment is hurting, but economy hasn’t faltered
The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market.
Lone Wolf Technologies to wind down popular LionDesk CRM
Lone Wolf began notifying customers of the popular customer relationship manager software's imminent shutdown "a few weeks ago," Lone Wolf CEO Jimmy Kelly told Inman exclusively.
Real estate agent commissions are not falling off a cliff
A new Redfin report indicates that most consumers are still willing to pay for their real estate agents and that last year's NAR rules have had minimal impacts on agent pay.
The market is short 416K homes for middle-class homebuyers: NAR
After a herky-jerky few years, the housing market is at a major tipping point, according to the National Association of Realtors' May 2025 Housing and Affordability Report. The report, which is based on NAR and Realtor.com data, revealed the market needs at least 416,000 listings priced at or below $225,000 to make homeownership affordable to the typical middle-class household.
Builders pull back from new construction once again in April
April's housing data underscores a challenging landscape for new construction, particularly in the single-family segment, and the privately-owned segment isn't far behind.
Fed: Requiring buyer agreements has no effect on commissions
The Federal Reserve analysis found that rising home prices are likely why commission rates fell in the past two decades, but found no impact on rates after buyer contracts were required in 15 states.
Serhant’s diss, Homes.com’s boost, Caballero’s record: Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Redfin shareholder sues for more information on Rocket merger
Lawsuit seeks class action status to represent Redfin shareholders, claiming they need more information about financial advisor's potential conflict of interest before June 4 merger vote.
L.A. Fire Victims Move Away From Altadena and Pacific Palisades to Start Over
Fire victims from Altadena and Pacific Palisades have moved across Los Angeles and the country looking for firm footing to start over.
Designer Corey Damen Jenkins Infuses His Studio With Glamour
Corey Damen Jenkins showcases weighty crystal coasters, a high-end French trolley and one-of-a-kind dachshund finial chairs.
The Battle for Bryant Park Grill
Michael Weinstein, who has run the popular Midtown Manhattan restaurant for 30 years, refuses to leave, even though Jean-Georges Restaurants won a bid to take over the lease for its space.
$500,000 Homes in Marrakesh, Morocco
Available properties include traditional and modern riads, as well as condos in residential communities.
Finding High-End Furniture at NYC Showrooms Is Like Visiting a Speakeasy
The city’s new designer décor showrooms are hidden away from foot traffic, making shopping for furniture feel like visiting a speakeasy.
Inman On Tour Returns to Texas on Oct. 9, 2025
Inman On Tour Texas is back for 2025, bringing together the industry’s top agents, brokers and thought leaders for a one-of-a-kind event.
Keller Williams isn’t slowing down on inclusion: Natalie Davis
Newly minted Keller Williams Head of Community Growth Natalie Davis talks about diversity and how childlike curiosity is key to maintaining an inclusive brokerage culture.
Pope Leo XIV Grew Up in This Chicago Home. Now, It Could Be Yours.
The same auction house that sold President Trump’s childhood home for millions in 2017 will take bids for the modest three-bedroom where Pope Leo XIV once lived.
Nelson DeMille’s House Is Listed for $5.5 Million on Long Island
The five-bedroom home was built in Garden City in the Tudor style the author admired. But it isn’t where he wrote his books.