Real estate took a drubbing in Q4, but some companies still surprised
Brokerages, tech companies and mortgage providers all saw massive losses as the market soured at the end of 2022. But some leaders did have a few tricks up their sleeves
by Jim Dalrymple II Mar 2
Here are the top regrets for US homesellers: Zillow survey
Eighty-four percent of recent first-time homesellers over the past 2 years believe they could have sold their homes for a higher price if they had made better decisions
by Ben Verde Mar 1
Rising mortgage rates a headwind for spring homebuying season
After 3 straight weeks of declines in mortgage applications, demand for purchase loans remains at the lowest level since 1995 for the 2nd week in a row
by Matt Carter Mar 1
The time a typical homeowner stays in one place just got a little shorter
Migratory waves over the past 3 years due to the pandemic have caused homeownership tenure to decline modestly, but an uptick is expected thanks to a rise in mortgage rates, Redfin data shows
by Ben Verde Mar 1
Blame it on the 'volatile housing market': Your Q4 2022 earnings roundup
As companies report their Q4 and full-year earnings, industry-watchers read the tea leaves for indications of what’s working now — and what’s likely to happen next
by Christy Murdock Mar 1
Compass revenue falls in Q4 — but losses narrow despite 'difficult year'
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11B in revenue, down from $1.6B during the same period in 2021
by Jim Dalrymple II Feb 28
Zillow gets vote of confidence from JP Morgan analysts
Analysts gave Zillow an 'overweight' rating which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year
by Jim Dalrymple II Feb 28
Home prices cooled sharply to end 2022 — but affordability still elusive
Home price growth fell 5.8% annually in December, down from a 7.6% gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation
by Ben Verde Feb 28
Black homeowners highest home-value appreciation over pandemic
Between February 2020 and January 2023, Black homeowners saw their homes' values increase by 42.5%, compared to 38.5% for U.S. home values overall
by Ben Verde Feb 27
Pending home sales rose in January — but those gains are unlikely to last
The Pending Home Sales Index jumped 8.1% to a reading of 82.5 in January before mortgage rates began another climb, according to data released Monday by the National Association of Realtors
by Ben Verde Feb 27
Wells Fargo lays off hundreds more, including some top producers
The bank says it has racked up $353M in severance expenses, primarily in mortgage, as it closes branches and pursues a 'more focused home lending business'
by Matt Carter Feb 24
New-home transactions roar to life with strongest sales pace in a year
A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data from the US Census Bureau
by Ben Verde Feb 24
Opendoor's losses doubled in Q4 as the iBuyer's revenue fell 25%
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
by Jim Dalrymple II Feb 23
Total market value for US homes drops $2.3T from June: Redfin
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
by Marian McPherson Feb 22
'It's gonna be an interesting spring': Buyers, sellers seize on hot market
Buyers are navigating a stable housing market and making well-informed offers while sellers are leaning into a low-inventory environment, according to new data and agents who spoke to Inman
by Ben Verde Feb 22
Homebuyer demand cools to lowest level since 1995 as rates rebound
Demand for purchase loans down 18% week over week and 41% from a year ago as mortgage rates rise for the second week in a row to hit new 2023 highs, MBA survey shows
by Matt Carter Feb 22