More bidding wars arose in January than any other time during COVID
70% of home offers handled by Redfin agents faced bidding wars, up from 67.1% in December 2021 and 60% in January 2021, the highest rate since Redfin began tracking the data in April 2020
by Ben Verde Feb 23
Demand for purchase mortgages down for 3rd week in a row
As rates keep rising, requests to refinance accounted for just half of mortgage applications, down from 68% a year ago
by Matt Carter Feb 23
CoStar's residential business makes inroads in Q4 as revenue climbs
The commercial real estate giant earned $75 million from its residential ventures, according to a fourth-quarter earnings call, suggesting its rivalry with established players will continue
by Jim Dalrymple II Feb 22
Home prices are still on a tear, but there’s no doubt growth is slowing
Houses sold for 3.3% more in the fourth quarter of 2021 than they did in the third quarter, even as the pace of growth slowed again, according to the latest House Price Index report from the FHFA
by Daniel Houston Feb 22
2021 home prices rose nearly 20%, tallying highest growth in 34 years
Prices rose 18.8% year over year in 2021, the biggest uptick in the 34-year history of the S&P CoreLogic Case-Shiller Index and a giant leap from 2020 when home prices increased 10.4%
by Ben Verde Feb 22
Gary Keller calls 2022 'uncharted territory' in Family Reunion speech
In a 2.5-hour opening address at Keller Williams' 2022 Family Reunion, Gary Keller said agents can navigate the 2022 housing market with good data and excellent service
by Marian McPherson Feb 20
One in 10 US homes impacted by natural disasters in 2021
A CoreLogic report found that 14.5M properties were subject to natural disasters that caused $56.9B in property damage last year. These events can have long-term impacts on communities
by Matt Carter Feb 18
Existing-home sales tally surprise January surge as inventory shrinks
Sales of existing homes rose to a seasonally adjusted rate of 6.5M, an increase of 6.5% from December, according to sales data for January from the National Association of Realtors
by Ben Verde Feb 18
Fast & Furious: Homes flying off the market in record time, data reveals
57% of homes that went under contract during the four week period ending Feb. 13 did so within just 2 weeks of being listed — an increase of 6% from a year ago, according to new Redfin data
by Ben Verde Feb 18
Get creative or go condo: 4 ways to score a win for luxury homebuyers 
Sotheby's International Realty outlined what's ahead for luxury consumers in its latest annual outlook, and how a shift in perspective can help buyers get ahead
by Marian McPherson Feb 18
News Quiz: Do you know the biggest stories for the week of Feb. 13?
Compass, Realogy and Redfin all posted earnings reports this week. Test your knowledge of the biggest stories — and quarterly wins and losses — to see if you're up to date on the industry
by Inman Feb 18
Redfin revenue soars 163%, even as losses return in Q4
The company's plan to broaden its revenue sources made progress, with title, mortgage and iBuying offerings on track to generate profits, CEO Glenn Kelman said
by Jim Dalrymple II Feb 17
Housing starts dipped in January amid Omicron surge, cold weather
The decline in starts came as Omicron cases surged across the US and wintry weather hampered builders' progress, according to data Thursday from the US Census Bureau and HUD
by Lillian Dickerson Feb 17
Compass once again sees revenue, losses grow in Q4 earnings
Compass' revenue jumped 31% in the fourth quarter of 2021 and 73% for the entire year, though expenses related to the company's public debut pushed up losses
by Jim Dalrymple II Feb 16
Builders remain confident as they 'wait months' for cabinets and doors
Homebuilders remained optimistic in February, but moderated their expectations amid supply-chain issues and rising mortgage rates, according to data from NAHB released Wednesday
by Daniel Houston Feb 16
Record number of cities named as 'million dollar' markets in 2021
The addition of 146 cities, the most in a single year, brought the total number to 481, according to data released Wednesday by Zillow. Another 49 are expected to earn the designation this year
by Ben Verde Feb 16