MoxiWorks predicts home sales to reach 490K in November, 519K in December
Back in October, the company launched its Home Sales Predictor and has now released U.S. home sales forecasts for November and December
by Lillian Dickerson Nov 12
Home prices rise in opportunity zones, but lag behind nationwide gains
A report by Attom Data Solutions reveals that opportunity zones experienced a strong quarter, but gains still fell below the pace of broader metro areas across the US
by Lillian Dickerson Nov 11
Don't ignore renter leads! 6 steps for turning them into homebuyers
Helping renters become homeowners is about mindset — both yours and your clients'. Here's how to evaluate the renter leads you receive and convert them into homeowners when their lease expires
by Bernice Ross Nov 11
US foreclosure filings increase 20% in October despite moratoriums
A total of 11,673 US properties received foreclosure filings in October 2020, according to a new report from Attom Data Solutions released Tuesday
by Lillian Dickerson Nov 10
Delinquencies continue to rise across the country
CoreLogic reported a 2.9% rise in mortgage delinquencies in August compared to last year
Beyond the headlines: Jobs beat forecasts, still long way to go
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner examines jobs numbers. Although they beat forecasts, at October's pace, it would still take about another 16 months for employment to return to pre-pandemic levels
by Matthew Gardner Nov 10
The hot housing market isn't ending any time soon: Zillow
Closed sales of existing homes increased 9.4% from August to September, yielding a 20.9% increase year over year, the highest rate recorded since 2006
Earnings round up: Q3 was the real estate industry's comeback quarter
The scorching housing market lifted the nation's largest real estate companies out of their second quarter slumps, according to Q3 earnings calls this week and last week
by Patrick Kearns Nov 6
638,000 jobs added in October — but unemployment remains high
The unemployment rate declined to 6.9%, according to the Bureau of Labor Statistics, but the country as a whole is still down about 10M jobs since February's pre-pandemic levels
RE/MAX still bouncing back from Q2 with 0.7% revenue decline
RE/MAX 's Q3 2020 total revenue declined 0.7% annually to $71.1M as the company bounces back from a decline in dues and franchise fees
by Marian McPherson Nov 5
Redfin reports strong earnings, surging demand for housing
The online brokerage raked in $237M in revenue during the third quarter of this year, beating analyst expectations
by Jim Dalrymple II Nov 5
Riding hot market, Zillow posts first profitable quarter in 3 years
Zillow beat expectations, posting $657M in revenue in the third quarter and a net income of $40M
by Patrick Kearns Nov 5
The battle for rent control in California continues with Prop. 21 loss
California voters struck down Proposition 21, which would've expanded local governments' rights to impose rent control on housing exempt under current law
by Marian McPherson Nov 5
Demand is heating up in the Hawaiian luxury market
Hawaii has experienced ups and downs throughout the pandemic, but right now, luxury buyers are craving the aloha lifestyle and a bit of seclusion from the rest of the world
Homes sold faster in October than September for first time since 2011
For the first time in 9 years, homes sold faster in October than September as low-interest rates continue to unlock pent-up buyer demand, according to new data from realtor.com
by Marian McPherson Nov 5
US home equity levels rose in Q3
Equity-rich properties made up about 28.3% of mortgaged homes in the US during the third quarter, up from 26.7% the previous year, according to a new report by Attom Data Solutions