Real Estate Markets & Economy
Shares in regional banks PacWest Bancorp and Western Alliance Bancorp tumble, and TD Bank Group and First Horizon Corp. announce they're pulling out of a merger
The brokerage giant spooked investors with its latest earnings report, in which 1st-quarter revenues were down 31% year over year
Following a dramatic fourth quarter in which the iBuyer posted losses of $121.1M, Offerpad improved its net loss by 51% to $59.4M in Q1 as it continued to struggle to adapt to a shifting market
Zillow brought in $469M in revenue, according to an earnings call Wednesday, falling 13% from the $536M it brought in a year earlier during a period that preceded the rate hikes and sluggish sales
Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5% for 1-year leases, and 7% for 2-year leases
Bringing on Dr. Clare Losey will allow ABoR to produce ongoing reports on all aspects of the Central Texas economy for its 20,000-plus members, their clients, and local policymakers
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA walkout and others before it can have a palpable impact on the real estate industry
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next
Down payment assistance programs can help more people make their dreams of homeownership come true, including up to 1/3 of all borrowers who fail to qualify without DPA
Illinois is the cheapest state to purchase a home, due to a study by California-based boutique brokerage RubyHome. The study focuses on the income-to-sale price ratios for each state
As uncomfortable as New York City's rent hikes feel to many tenants now, they don't compare to the soaring prices of Singapore's prime rental market, The Wall Street Journal reported
While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin
Billings, Montana, real estate agent Alyssa Webb was taking a cellphone video of the vacant home during a tour with clients when she turned a corner and came face to face with the vagrant
A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In Q1 2023, the profit margin on a median-priced US home was 44.2%
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
Formed by RentSpree, the 'Rental Industry Leadership Board' includes heads of the California Regional MLS, Bright, Beaches and more amid a continued push for Realtors to focus on rentals
In an unexpected twist, the Bronx neighborhood saw the median property value increase a stunning 149% year over year, bumping it into NYC's 50 priciest 'hoods for the first time in Q1