As fires ravage California, agents evacuate — and step up
Record-setting fires have burned more than 1.2 million acres in California, forcing hundreds of thousands of people from their homes
by Jim Dalrymple II Aug 25
Making sense of the headlines: A look at household debt
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner takes a deep dive into the latest data on household debt and credit and what it might mean for post-COVID economic recovery
by Matthew Gardner Aug 25
It's a seller's market all right, and home value growth is accelerating
During July, the typical home value was up 4.5% year over year to $253,527, the fastest value rate increase since May 2019
by Lillian Dickerson Aug 21
Mortgage rates, still historically low, begin ticking upward
Low rates have helped fuel an extraordinarily active summer for real estate. Although they remain historically low, a gradual trend upward could be less than stellar news for consumers
by Jim Dalrymple II Aug 20
Listing prices see fastest growth in over 2 years: realtor.com
During the week ending Aug. 15, 2020, the U.S. median listing price increased 10.1% on an annual basis, the fastest pace of growth since January 2018, according to realtor.com
by Lillian Dickerson Aug 20
FHFA
During the second quarter of 2020, 1.69M refinance mortgages were secured by residential properties in the U.S., a number up nearly 50% from the first quarter, and up more than 100% year over year to its highest level in 7 years
by Lillian Dickerson Aug 19
Where are 2020’s hottest ZIP codes?
The hottest ZIP codes in the US this year, according to an analysis by realtor.com, are in less populous, less expensive areas where people can socially distance with ease and not worry about breaking the bank if their jobs become less secure during a time of widespread economic uncertainty
by Lillian Dickerson Aug 18
DelPrete: iBuyer market share plummets, slow recovery ahead
IBuyers are buying homes again but with a more cautious approach. Once they prove they can survive the pandemic, they’ll still have to overcome the challenge of profitability
by Mike DelPrete Aug 18
Housing starts soar 22.6% in July
'Strong builder confidence and heavy buyer traffic point to further production gains in the near term,' said Chuck Fowke, chairman of the National Association of Home Builders
What to watch for as Airbnb gets ready for an IPO
New rumors suggest the short-term rental giant may file papers to go public as soon as this month. The rumors come as Airbnb's business gradually recovers from a pandemic-related downturn
by Jim Dalrymple II Aug 18
Rent price growth keeps slumping: CoreLogic
Rent prices grew by 1.4% in June, down from 2.9% growth last year
Builder confidence matches all-time high from '98
As if in a blast from the past, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose 6 points to 78 in August, the index's highest reading since December 1998
by Lillian Dickerson Aug 17
Rural home prices jump 11% in July: Redfin
Suburban and urban areas also saw home price growth during this period, although not to the extent of rural areas, according to a Redfin report
by Lillian Dickerson Aug 17
Coaching is popular and highly regarded in real estate: Survey
Hundreds of real estate professionals who responded to an Inman survey expressed satisfaction with coaching, indicating it made them more money and improved their lives
by Jim Dalrymple II Aug 17
As Americans daydream about real estate, Zillow tallies record usership
As quarantining Americans window-shop for new homes, Zillow's mobile app surged to 2.17 million daily active users Thursday, according to Apptopia, an app intelligence company
by Lillian Dickerson Aug 14
Bidding wars get brutal as buyers chase dwindling supply
Buyers in some markets are offering hundreds of thousands of dollars over asking prices — and still losing bidding wars. 'Normally there's 13, maybe up to 20 offers. But 39 is bonkers.'
by Jim Dalrymple II Aug 14