Appeals court rules Chicago transfer tax hike can move ahead
Voters are set to decide on March 19 whether they want to quadruple the tax buyers pay on real estate purchases above $1.5M. Realtors say it amounts to a secret tax and rent hike
by Taylor Anderson Mar 6
Homebuyers sit up and take notice as mortgage rates fall
Purchase loan applications jump by a seasonally adjusted 11% after 5 consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs
by Matt Carter Mar 6
Location, location, location? Price eclipses previous buyer priority
56% of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, casting doubt on the belief that location is everything
Tiny home generates big demand from desperate Las Vegas renters
A 160-square-foot backyard residence in the Las Vegas Valley asking $950 a month has received over 100 inquiries from tenants
by Ben Verde Mar 5
Brick Underground saved from folding by last-minute buyer
The New York City-based real estate news site, a resource for buyers, sellers and renters, briefly ceased publication last week before announcing Monday it had been acquired
by Taylor Anderson Mar 5
Real estate the Australian way? It won't solve US commission woes
Don't buy into the commission rhetoric that says the U.S. should do things more like they do in Australia, Cara Ameer writes. Each country has its own dynamics, customs and economics
by Cara Ameer Mar 5
Airbnb reports surge in bookings for the April 8 solar eclipse
Cities within the path of totality for the eclipse on April 8 are experiencing a 1,000% increase in searches for the short term rentals
by Ben Verde Mar 4
Luxury forecast: What lies ahead for high-net-worth buyers in 2024
Recent luxury forecasts from Coldwell Banker and Christie's International Real Estate show optimism in the market, and plenty of demand for new technology. Intel examines their findings
Scarce inventory, falling rates could boost home prices
In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4% in 2024. Now they're predicting prices will go up by 3.8%
by Matt Carter Mar 1
Mortgage rates ease for 2nd consecutive day on inflation data
'Quantitative tightening' — the Federal Reserve's moves to trim $35B in mortgages from its balance sheet each month — could keep mortgage rates from falling dramatically this year
by Matt Carter Mar 1
Mexicali becomes a tiny home capital with new Samara factory
The accessory dwelling unit startup launched in 2022 by an Airbnb cofounder announced this week that it is taking its manufacturing operations in-house
by Ben Verde Mar 1
Here's how Zillow's new 'super app' is driving revenue growth: DelPrete
Zillow is diversifying its revenue along the transaction — what it calls its super app — and is outperforming a depressed market, Mike DelPrete writes
by Mike DelPrete Mar 1
Latest inflation numbers give mortgage rates some room to fall
A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2% inflation target, falling from 2.6% annual growth in December to 2.4% in January
by Matt Carter Feb 29
Warren Buffett: 'You want a bad number' to get good market news
The Berkshire Hathaway CEO said fewer housing starts can lay the foundation for a more balanced market. His company's recent investments in homebuilders show commitment to that principle
by Lillian Dickerson Feb 29
Pending home sales dropped in January as mortgage rates rose
Pending home sales dropped off 4.9% between December and January and were down 8.8% year over year
by Ben Verde Feb 29
Corcoran Group lands in Massachusetts with new franchise
The Boston-headquartered franchise dubbed 'Corcoran Property Advisors' is led by brokers-owners Brian Dougherty and Nick Robert. The firm also has an office in Cohasset
by Lillian Dickerson Feb 29