'IBuyers have never been bigger': Mike DelPrete
Opinion
Seasonality and the Zillow exit will certainly impact this, but for the time being, iBuyers are at an all-time high, with Opendoor leading the pack
by Mike DelPrete Nov 17
Housing starts dip modestly in October amid supply chain issues
Privately owned housing starts dipped 0.7% in October while single-family housing starts dropped 3.9%, according to US Census Bureau residential construction data
by Lillian Dickerson Nov 17
Can eXp actually hit 500,000 agents?
EXp founder Glenn Sanford said his company should have half a million agents in 5 years. We asked some experts if that was realistic
by Jim Dalrymple II Nov 17
Real estate investors bought record-breaking number of homes in Q3
Investors purchased a record 18.2% of US homes, amounting to a new high of $63.6B in homes during the third quarter of 2021, according to a new Redfin analysis released Monday
by Lillian Dickerson Nov 16
US sees 8th record-breaking month of high-speed sales
Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com shows
by Lillian Dickerson Nov 10
Zillow exits iBuying: 5 things you should know
Opinion
This move that has significant implications for the real estate industry. Here's why
by Mike DelPrete Nov 3
Pending home sales take a hit in September: NAR
Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said
by Lillian Dickerson Oct 28
US home price growth continued to sizzle in August: Case-Shiller
The S&P/Case-Shiller US National Home Price Index remained virtually unchanged since July, when gains rose 19.7% while continuing a 15-month streak of upward growth
Missed signs? Zillow's pause on buying underscores scaling challenges: Mike DelPrete
Opinion
Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is challenging
by Mike DelPrete Oct 19
Despite risk, California fire zones still see rising home prices
A new study by Redfin found that in the areas impacted by California's 5 largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets
by Libertina Brandt Oct 11
Compass decline in value stands in contrast to its growth: DelPrete
Compass' growth over the past 3 years has been remarkable. It is one of the fastest growing real estate brokerages of all time — yet its stock price continues to decline
by Mike DelPrete Oct 7
78% of buyers consider natural disaster risk when house hunting
The majority of respondents in a recent realtor.com survey said the threat of a natural disaster played a role in where they looked for a new home
by Libertina Brandt Sep 30
Are sellers getting greedy? Asking prices surge to new record
The median asking price of newly listed homes for sale surged 12% year over year to a record high of $361,250, according to a Redfin report
by Lillian Dickerson Sep 29
US home price growth tallies biggest gain in a generation
Annual price growth soared 19.7% in July, extending a 14-month streak of increases while marking the highest rate of growth since Case-Shiller began recording the data in 1987
For agents, is Clubhouse ‘alive and well’ or ‘yesterday’s special’?
Clubhouse used to be one of the hottest networking apps out there. But now that the hype has died down, Inman asked agents if it was still a platform worth their time
by Libertina Brandt Sep 28
New home sales see modest gains for 2nd consecutive month
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5% from the revised July rate, according to the US Census Bureau
by Lillian Dickerson Sep 24