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Will home prices CRASH?!
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Join us on this week's episode of "This Week in Real Estate" as we dive into the latest industry updates and trends. We kick off with Rocket Homes' tech chief discussing the innovative 'Explore Spaces' visual search tool. Learn how real estate portals are adapting in the face of the commission crunch and what it means for the future of home buying.
Despite a significant increase in supply, home sales unexpectedly slipped in April. Discover why one-third of houses for sale are newly built, approaching record highs. We analyze the impact of home prices hitting another all-time high, which pushed pending sales down by 4%.
We also explore how Gen Zers and young Millennials took out 40% of U.S. mortgages in 2023, and why high home prices are deterring potential buyers despite their continued ascent. Find out why the Sun Belt is experiencing some of the biggest rent declines in the country and hear the distressing story of a Texas homeowner financially ruined by squatters.
Don't miss our in-depth coverage and expert insights on these crucial real estate topics!
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