Mobile homes see values surge faster than single-family homes
For all the rapid price growth single-family homes have seen in the last year, an unexpected segment of the housing market has actually seen even faster price growth in recent years, according to a new report
New home sales hit 6-month high
New home sales in October 2021 increased by a modest 0.4% to a seasonally adjusted annual rate of 745,000, following a furious September in which new home sales grew by double digits
by Lillian Dickerson Nov 24
2021 on pace to tally biggest year in existing-home sales since 2006
Inventory across all housing types fell 0.8% from the month previous and 12% year over year to 1.25M units. Nonetheless, home sales are expected to exceed 6 million by the end of the year
by Lillian Dickerson Nov 22
It takes LeBron James 16 hours of work to afford a home. Conor McGregor can buy 1 in half the time
Multi-million dollar salaried athletes like Stephen Curry and Tiger Woods can save up enough money for the average priced American home within a few hours, a new study shows
by Lillian Dickerson Nov 18
'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