Offerpad is a more profitable flavor of iBuying: Mike DelPrete
Offerpad's latest financials strongly suggest that a less venture-funded, less tech-enabled, more real estate-focused, and less breakneck version of iBuying can be (almost) profitable
by Mike DelPrete Jun 10
Average homeowner gained $33,400 in equity last year: CoreLogic
This number represents a 19.6% increase year-over-year, and the highest annual gain in at least a decade
Most pandemic homebuyers remained in the same state: Knock
Nearly three-quarters of pandemic homebuyers moved to a new area, and most were millennials or Gen Z-ers, according to a recent study by Knock
Home prices rise by 13% from last year: CoreLogic
This is the third month in a row that home prices across the country have seen double-digit annual growth
Inman Handbook on taking teams to the next level
Teams are increasingly taking over the real estate industry, redefining what it means to be an agent, a brokerage and a housing professional
by Jim Dalrymple II Jun 1
Pending-home sales take 4.4% hit in April
In a reversal from the previous month, pending-home sales decreased in all regions except the Midwest, which saw gains of 3.5% from March to April
by Lillian Dickerson May 27
Zillow's uphill battle to attach mortgages: Mike DelPrete
Opinion
Zillow's experience shows that adding ancillary services is a long, slow road that requires big investment, patience, and a smart, consumer-first approach
by Mike DelPrete May 26
A national home value downturn isn't in our future. Here's why
Opinion
Windermere Chief Economist Matthew Gardner dives deeper into the timeline of events that led to the 2007 crash, comparing then and now. Here's why he speculates there's no real reason to expect a widespread, systematic decline in home prices in the foreseeable future
by Matthew Gardner May 26
US home prices soared in Q1 thanks to housing shortage, mortgage rates
Boise, Idaho, experienced the steepest price hikes in the country at 28.2%, according to the Federal Housing Finance Agency House Price Index released Tuesday
Home prices skyrocketed in March, notching biggest gain since 2005
Home prices rose 13.2%, according to the S&P/Case-Shiller US National Home Price Index
Nearly 75% of offers written by Redfin agents entered bidding wars in April
Low mortgage rates and a historic inventory shortage is leading to an ultra-competitive market in most American cities
Zillow vs. realtor.com: Mike DelPrete on their battle
Despite all of the activity of the major portals, the monetization ratio has remained constant
by Mike DelPrete May 11
America's hottest neighborhoods: North Winton Village in Rochester, New York
The older neighborhood has long been a more affordable alternative to other trendier parts of the city, but that may soon change as home prices and rents are rising
by Lillian Dickerson May 10
What Zillow's results reveal about its momentum toward Zillow 2.0
The various pieces of adjacent services are being built, but they still need to be assembled in a credible way that reinvents the transaction at a meaningful scale
by Mike DelPrete May 7
Pocket listings undermine equal access to housing: Glenn Kelman
Opinion
After promises to promote social justice, the housing industry doubled down on exclusion, and pocket listings remain a problem. The Redfin CEO shares his ideas on what the industry should do about it
by Glenn Kelman May 3
CoStar unlikely to dethrone Zillow in portal wars: DelPrete
Opinion
Attempting to directly compete with market-leading real estate portals is an incredibly difficult proposition — with success unlikely
by Mike DelPrete Apr 29