Among renters, demand for short-term leases soar amid pandemic
In November, 16.4% of renters sought out apartments with short-term leases outside of their current metro area, a 40% increase since January, according to Apartment List
RedfinNow expands into pricey San Francisco and Seattle markets
In a notable departure from more common iBuying strategies, Redfin's iBuyer program, RedfinNow, will target homes built after 1930 and costing more than $1M in the 2 cities
by Jim Dalrymple II Dec 8
Where people are looking for homes hasn't changed: OJO Labs
But how people are finding those homes has changed, according to a study released by the real estate tech company.
by Patrick Kearns Dec 8
Single-family rental demand remains at record high amid pandemic
According to the National Home Rental Council's Q3 2020 market index, the single-family rental market remains robust as renters flock to the suburbs
by Marian McPherson Dec 8
Beyond the headlines: What's in store for 2021?
Opinion
Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner gives his 2021 forecast
by Matthew Gardner Dec 8
Mortgages in forbearance remained steady over Thanksgiving
The number of mortgage loans in forbearance stayed constant from the previous week, according to the Mortgage Bankers Association
Opendoor starts publicly trading on Dec. 21
The company will be listed on NASDAQ under the ticker symbol 'OPEN'
by Patrick Kearns Dec 7
Western cities will excel amid strong 2021 market: realtor.com
Cities such as Sacramento, California, should do well next year due to affordability, strong job markets and proximity to bigger metros. New York City, on the other hand, may struggle
by Jim Dalrymple II Dec 7
What to expect when shifting to a buyer's market
Opinion
Nobody really knows what will happen next year — or the year after. Shifts are normal for markets, so agents should think through possible changes and plan for them. Here are a few things to consider
by Andrew Fortune Dec 6
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