Realtor Literally Reads Brainwaves to See What Buyers Think
An Oklahoma agent attached wires to willing buyers and found that their top-of-mind thoughts often don’t match how they really feel about a home.
New-Home Sales Plunge 18.2% in February
It’s the slowest pace since May 2020, and largely blamed on severe winter weather across much of the U.S. and a lack of supply.
Upscale Buyers: How Much Space Is Too Much?
Many buyers determine what they can afford and look for a home there. But upscale buyers have a “sweet spot.” Many pick a size based on future costs and overall hassle.
The U.S. Now Has More Realtors than Home Listings
It’s an unusual situation, but heavy U.S. job losses boosted the number of new agents; at the same time, the number of for-sale properties hit record lows.
New-Home Slowdown Isn’t Buyers, It’s Builders
New-home market problems aren’t new – rising prices for supplies and a tight workforce. But pending sales continue to be high, and many builders are pausing to complete a backlog of projects. In top-listed Jacksonville, pending new-home sales are up 80.5% year-to-year.
Consumer Housing Confidence High – Finances Not So Much
Survey: In Nov. 2020, 71% of renters worried about making their monthly payment. But things are getting better: In Feb. 2021, it dropped to 63%.