Job growth slows in November — and real estate sector saw losses
The real estate sector — which includes rental and leasing — added 8.5K jobs on a seasonally adjusted rate in November and actually lost 3K jobs if unadjusted for seasonality
by Patrick Kearns Dec 4
Mortgage rates fall to record new low as home sales begin to sputter
The average rate for a 30-year, fixed-rate mortgage fell to 2.71%, the lowest number ever recorded by Freddie Mac's weekly survey of rates, which dates back to 1971
by Patrick Kearns Dec 3
CRM giant Salesforce to acquire communication platform Slack for $27.7B
Slack is Salesforce's largest acquisition. Real estate agents should expect to see pitches on how to integrate the communication software
by Craig C. Rowe Dec 2
Pandemic relocation, confidence driving Canadian market: RE/MAX
RE/MAX predicts that the average price of a single-family home in Canada will grow by 4 to 6 percent in 2021
Airbnb may actually be undervalued ahead of IPO: Study
A new analysis by consumer analytics company ValueChampion found that the pandemic has actually helped Airbnb achieve greater dominance over the travel booking industry
by Jim Dalrymple II Dec 2
Airbnb shoots for $35B valuation
The short-term rental company is aiming to price at $44 to $50 per share, according to an updated S-1 filing it submitted to the Securities and Exchange Commission on Tuesday
Home prices spike after summer lull: CoreLogic
Nationwide home prices grew at the fastest pace since 2014
New study shows evictions have led to 430,000 COVID-19 cases
Expiring eviction bans at the state level over the course of the pandemic have led to hundreds of thousands of additional COVID-19 cases, according to new research
With CoStar in the game, a new real estate chessboard emerges
People who have done deals with CoStar, or had a catbird seat in CEO Andy Florance's business dealings, say he's cunning, ruthless and plays to win. Sounds like Zillow, right?
by Brad Inman Nov 30
October contract signings surge way beyond last year's levels: NAR
The Pending Home Sales Index, an indicator of future sales based on contract signings, rose 20.2% from October 2019, according to the National Association of Realtors
by Patrick Kearns Nov 30
NYC carpenters union cracks down on members suspected of mob ties
The New York City District Council of Carpenters will expand its authority to bring charges against union members suspected of engaging in organized crime
Title fraud cases surge 31% in Q3
In addition to title fraud, a new report by FundingShield also noted a 90% increase in state licensing issues between the second and third quarters of 2020
by Lillian Dickerson Nov 25
New-home sales soar 41% in October
Inventory continues to be an issue, with an estimated 3.3-months of supply at the current sales rate at the end of the month, down from a 3.6-months supply at the end of September
by Patrick Kearns Nov 25
Mortgage purchases spike as rates hit a new all-time low
Mortgage rates fell to 2.92% this week, down from 2.99% the week previous, according to new Mortgage Bankers Association data released Wednesday
by Patrick Kearns Nov 25
Sotheby's CEO Philip White sees 'very positive' market trends
White described a robust market that has exceeded even his own expectations this year, and added that he believes homes will continue selling well in 2021
by Jim Dalrymple II Nov 25
Searches for homes in urban areas up 200% from last year: Redfin
With the largest annual increase for searches in urban areas so far this year, new data from Redfin released Tuesday suggests Americans haven't given up on cities just yet
by Lillian Dickerson Nov 24