Buyer agents are already cutting commissions: The Download
In the post-Sitzer world we now live in, agents and brokers are already dealing with the new reality by cutting buyer commissions to the bone
by Christy Murdock Feb 17
Rising rates and home prices stifle January market: Redfin
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
by Marian McPherson Feb 16
New-home sales off to a roaring start with record January bump
Loan applications for new-home purchases were up 19% from a year ago, according to a survey of builders by the Mortgage Bankers Association that's been an accurate predictor of trends
by Matt Carter Feb 16
WATCH: Ryan Serhant on real estate's innovation problem
At Inman Connect New York, the SERHANT. founder and CEO issued a challenge to the real estate industry to innovate rather than react
by Christy Murdock Feb 16
Strength in home prices helped boost Fannie, Freddie 2023 profits
With a combined net worth of $125B after earnings this week, the mortgage giants remain on a path that could lead to eventual release from government conservatorship if political winds shift
by Matt Carter Feb 16
Matchmaking architectural styles and buyers: A broker's perspective
It's essential to understand a client's tastes, historical context and regional influences, writes broker Michelle Coffing, to match them with the right home in a style that suits them
by Michelle Coffing Feb 16
Path & Post adds new managing broker in Georgia
Bekki Shae Smith is a regional director for the Georgia Association of Realtors and past president of the Cherokee Association of Realtors
by Taylor Anderson Feb 15
Goodbye, DC. Hello, Arlington: CoStar Group inks deal for new HQ
CoStar Group is trading its Washington, DC, digs for a new HQ in Arlington, Virginia. The company will move to the new building in 2025, creating 150 jobs in the process
by Marian McPherson Feb 15
Opendoor posts significant decline in revenue but narrows losses in Q4
In a Q4 earnings report Thursday afternoon, Opendoor CEO Carrie Wheeler struck an optimistic tone and pointed to the 'potential for a more normalized macro backdrop' in 2024
by Jim Dalrymple II Feb 15
Homeowners are staying put twice as long as they did 2 decades ago
The typical homeowner in 2024 has spent 11.9 years in their home, up from 6.5 years in 2005, according to Redfin data
by Ben Verde Feb 15
More areas ID'd for redevelopment see big home-price gains
Investors in these lower-income 'opportunity zones' receive tax incentives for improvements. And 2 in 5 of these neighborhoods saw a disproportionately large rise in home prices in late 2024
by Daniel Houston Feb 14
Demand for purchase mortgages drops for 3rd week in a row
MBA lender survey shows applications from homebuyers are down 12% from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data
by Matt Carter Feb 14
Co-ownership trends offer an affordability solution: Pacaso
The 2nd-home solution studied 10 of the most active counties for co-ownership and found the trend grew by 21% in 2023, correlating with a rise in the Housing Price Index in those counties
by Craig C. Rowe Feb 14
'The vibe is pretty good' as first earnings season of 2024 kicks off
Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023
by Jim Dalrymple II Feb 14
$14.75M sale marks DC region's biggest of the new year
The 17.5-acre equestrian estate was listed for $17.995M in May. The sales price also represents a new record for the town of Great Falls. Daniel Heider of TTR Sotheby's represented the sale
by Lillian Dickerson Feb 13
Zillow revenue rises in Q4 as Barton touts portal's 'household name'
Despite a slower market, Zillow saw revenue from its residential, rental and mortgage business rise in the fourth quarter of 2023, according to an earnings call Tuesday
by Jim Dalrymple II Feb 13