Is the Housing Market About To Hit Rock Bottom? Here’s What That Means, and Why We May Be Here for a While

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Today’s housing market has been in some deep doldrums by many standards, but the latest real estate statistics suggest something more serious might be ahead—that the market might be careening toward some sort of rock bottom.

“Taken as a whole, this week’s data lines up with other indicators that are pointing to a potential bottom in housing market activity at a fairly low level,” notes Realtor.com® Chief Economist Danielle Hale in her most recent analysis.

The only upside we can think of is that there’s typically nowhere to go from there but up. So, does that mean the worst days of real estate will soon be over? Not quite, since the big four harbingers of housing—home prices, inventory, days on the market, and mortgage rates—show few signs of a rebound yet.

“They don’t yet offer a strong indication of how long the market will bounce along the bottom,” Hale explains.


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Christie’s affiliate owners: In a downturn, spend money (prudently)

The two-day Christie's International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states.

QUIZ: Have you gotten lazy with your marketing?

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Inman’s Top 5 stories of the week Feb. 24 – March 2

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Home sale prices post annual drop for the first time in a decade

The median U.S. home sale price declined marginally between February 2022 and 2023, clocking in at $350,426, according to new data released Thursday.

RE/MAX CEO Nick Bailey: Agents who ignore tech will be replaced

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It’s a Bel Air mansion with its own $25,000 fragrance. But why?

Designer César Giraldo believes the decision to conjure a custom branded fragrance for a single homeowner at 1859 Bel Air Road will pay off by bridging marketing, design and emotional appeal.

Rise in Black homeownership over past decade negligible, data shows

The National Association of Realtors said increasing the nation's inventory is one solution to address homeownership gap. The trade group is eying 3 million net new Black homeowners by 2030.

Deion Sanders Scores Colorado Mansion With Breathtaking Mountain Views

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New Colorado Buffaloes football coach Deion Sanders recently scored a pretty sweet deal in Longmont, CO.

While we don’t know exactly how much Sanders paid for his slice of Rocky Mountain paradise, the home was on the market for $3.97 million. Measuring 6,457 square feet, the mansion sits in Boulder County‘s exclusive Meadow Green Farm neighborhood.

The gated community was designed with outdoor recreation in mind and is centered on a 40-acre private lake, where residents can fish, swim, or sail.

Surrounded by mountains

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Park National Bank latest lender to settle federal redlining charges

The Ohio bank's $9 million pledge to promote ownership in Black and Hispanic neighborhoods is the sixth since the DOJ launched an initiative to combat redlining in October 2021, with lawsuits generating $84 million in relief to date.

5 Easy Ways To Infuse Your Dining Room Decor With Simple Elegance

Photos by @heidicaillierdesign / @adsuttondesign / @lebaneseindc via Instagram

For many of us, the hustle and bustle of day-to-day life means our houses see more chaos and traffic than a rush-hour train station. The idea of an oft-used space like the dining room looking buttoned-up with sophisticated decor is almost laughable.

But lately we’ve noticed a return to formality: More homebuyers are seeking out properties with a formal dining room, and current homeowners are warming to the idea of bringing more refined furnishings into their dining area. Some experts chalk it up to a stark reaction to the years we spent being casual and cozy indoors during the COVID-19 pandemic.

So with the spring season right around the corner, now is a great time to focus on adding a bit of elegance to your dining room decor. To inspire your aesthetic overhaul, here are five trending looks from Instagram with corresponding products so you can get the look.

1. Mauve velvet chairs


Jewel-tone velvet dining chairs have had a hold on the design world for a while now. But we love the decision @heidicaillierdesign made in this dining room to upholster the chairs in a gorgeous mauve fabric.

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Antique Iowa Home With a Bell Tower Rings In as the Week’s Most Popular Listing

Realtor.com

An affordable antique in Van Meter, IA, that comes with its own bell tower has chimed in as this week’s most popular home on Realtor.com®.

Resembling a renovated church with its Gothic front window and Romanesque side windows, the home was originally built in 1871. It underwent a renovation in 1975, but many original details remain.

Other homes that made the popularity list include an updated home in Arkansas with a backyard oasis, an affordable log cabin with a pond in Tennessee, and a “happy place” said to be owned by Michael Moloney of “Extreme Makeover: Home Edition.”

For a full look at this week’s 10 most popular homes, keep on scrolling.











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Here’s a smart retirement planning strategy for agents at every level

The optimal retirement planning strategy may differ depending on the stage of the agent's career. According to CFP Jordan Curnutt, agents must be fully aware of the options available to ensure they are using the best plan to make the biggest impact on their financial future. 

Black and Latino Real Estate Developers Struggle to Get Funding

A racial wealth gap and discrimination that sets a higher bar for would-be developers seeking loans have contributed to the lack of representation.

New Condos and Old Townhouses Lead the Pack in February Sales

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Debunked! 6 social media myths that can hinder your 2023 growth

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23 ways to turn one listing into multiple transactions

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Real has the moxy to make agents go viral, now it needs adoption: Tech Review

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Tech-enabled, hybrid brokerage Prevu opens in Florida

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Thinking Caps On: What Should This Former Colorado School Become?

Realtor.com

A school building that dates to 1899 has since been converted into a residential space. The 14,848-square-foot building is the former Victor School in Victor, CO, and it’s on the market for $990,000.

The one-time school comes with some poignant memories of its past students.

“When you come in those original, historic front doors that still say ‘Victor School’ on the glass—on the right-hand wall, there’s a list of names of all the people that went to Victor School who fought in World War II,” says listing agent Karen Schaefer, with Re/Max Properties. “That list has remained for all these years. Despite all of the paintings and conversions, everyone has always painted around those.”

Exterior

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