Nearly 75% of offers written by Redfin agents entered bidding wars in April
Low mortgage rates and a historic inventory shortage is leading to an ultra-competitive market in most American cities
Airbnb faces Q1 loss of $1B
Despite continuing to suffer losses in the wake of the pandemic, Airbnb's CEO Brian Chesky expressed optimism about an upcoming summer full of pent-up travel demand.
by Lillian Dickerson May 14
Manchin to Realtors: Bipartisanship is built on personal relationships
US Sen. Joe Manchin, a Democrat, and Shelley Moore Capito, a Republican, discussed making deals across the aisle at the National Association of Realtors' midyear conference
by Andrea V. Brambila May 14
The catch-22 behind the path to profitability for Compass
Leading industry analysts shared with Inman their evaluations of Compass's earnings and how the path to profitability could impact agents
by Marian McPherson May 14
NAR: Housing market is 'topping out' due to inventory shortage
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
by Andrea V. Brambila May 13
Fathom Realty sees jump in revenue, agent count and transactions in Q1
The company, which went public last year, pulled in $49.6 million between January and March — a 72 percent increase year over year
by Jim Dalrymple II May 13
Inflation concerns not reflected in latest mortgage rate survey
A weekly Freddie Mac survey doesn't fully reflect new data that's pushed rates up this week on inflation worries
by Matt Carter May 13
Days on market drops by nearly 50% amid inventory crisis
New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market
by Lillian Dickerson May 13
NAR forum: We're at a 'hinge point' in American politics
At the Realtors Legislative Meetings, Mara Liasson and Van Jones talked polarization, bipartisanship and the issues that could get Republicans and Democrats to work together
by Andrea V. Brambila May 13
Blackstone Group, TruAmerica buy 5,800 apartments in San Diego
In what's believed to be one of the biggest real estate deals in San Diego County history, investment firm says it plans to spend $100M renovating the properties
by Matt Carter May 12
Dip in mortgage rates boosts interest in purchase loans, refinancing
'Robust demand' for purchase loans continues to be constrained by scarce listings and shortages of buildings materials, according to the Mortgage Bankers Association
by Matt Carter May 12
How long will the housing shortage last? Years — here's why
Opinion
Thinking optimistically and knowing a little about US homebuilders and American ingenuity, builders might create an average of 2M homes annually and achieve a supply-demand balance in about 6 years
by Ben Caballero May 12
$100K for a home in Brooklyn? Fuggedaboutit!
The New York Times editorial board asked 8 NYC mayoral candidates, 'Do you know the median sales price for a home in Brooklyn?' Some answers left New Yorkers baffled
by Lillian Dickerson May 12
Opendoor bounces back in first quarter after pandemic-driven downturn
The beginning of 2021 was better for the iBuyer than the end of 2020, though it still has a ways to go before reaching its pre-pandemic levels
by Jim Dalrymple II May 11
Keller Williams sees rising agent count, sales volume amid hot market in Q1
The industry giant's agents closed 272,688 transactions and did $98.1 billion in volume between January and March. The company also now has 180,376 agents across the world
by Jim Dalrymple II May 11
89% of all metro areas saw double-digit home price gains in Q1
Amid widespread annual home price growth, 89% of all metros saw double-digit price gains, according to the National Association of Realtor's First Quarter Metro Home Prices report
by Lillian Dickerson May 11