Builder confidence matches all-time high from '98
As if in a blast from the past, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose 6 points to 78 in August, the index's highest reading since December 1998
by Lillian Dickerson Aug 17
Rural home prices jump 11% in July: Redfin
Suburban and urban areas also saw home price growth during this period, although not to the extent of rural areas, according to a Redfin report
by Lillian Dickerson Aug 17
How city-dwelling agents are dealing with the shift to the suburbs
Six agents and brokers in New York City, Atlanta, Chicago, Minneapolis and Seattle share how they're staying ahead of their clients' newfound interest in suburban living
by Marian McPherson Aug 14
Suburban markets aren't any hotter than urban ones: Zillow
A new study from Zillow looks at a host of economic factors to see how suburban and urban markets have evolved since COVID-19 arrived in the US
by Patrick Kearns Aug 13
New jobless claims dip below 1M for first time since March
For the week ending Aug. 8, a total of 963K new unemployment claims were reported on a seasonally adjusted annual basis, a decline of 228K from the week prior
by Patrick Kearns Aug 13
Bank repossessions of homes plunge to lowest level in at least 15 years
Amid federal and state restrictions on foreclosures and evictions, bank repossessions dropped 14% month over month and 80% year over year to just 2,163 US properties foreclosed on by lenders, according to an analysis Thursday from Attom Data Solutions
by Lillian Dickerson Aug 13
Kamala Harris' record on real estate is mixed
The Democratic vice presidential candidate believes 'housing is a human right' and has proposed legislation for mortgage and rent relief amid the pandemic
by Andrea V. Brambila Aug 12
The demise of cities? Not so fast: Metro home prices skyrocket in Q2
Despite forecasts of people fleeing cities en masse, home prices grew in 96% of metros in the second quarter, according to the National Association of Realtors
by Patrick Kearns Aug 12
Is Zillow the next Amazon?
As the real estate technology company's market cap approaches $18B, analysts ponder what role Zillow will play in the world of technology giants
by Jim Dalrymple II Aug 11
SoftBank's Vision Fund recovery reveals tech's resilience
The venture capital investment arm of the Japanese multinational behind Compass and Opendoor posted a quarterly profit for the first time in a year
by Patrick Kearns Aug 11
Share of mortgages in forbearance continues decline, falling to 7.4%
This week marks the eighth week in a row in which total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans
by Lillian Dickerson Aug 11
Management platform Breezeway cleans up with $8M funding round
Founded in 2015, Breezeway is a virtual platform that helps manage which property units have been cleaned and maintained. The Series A round was led by firm Schooner Capital
Does the housing ladder still work?
Opinion
The idea is that most people begin their homeownership journey with a starter home and make their way up to more expensive housing. But is that theory still valid — especially now during a pandemic?
by Steve Cook Aug 11
Making sense of the headlines: Homeownership rates in 2020
Opinion
This year's increased rate of homeownership represents the largest quarterly increase on record. But is all actually what it seems? Windermere Chief Economist Matthew Gardner dives deeper into homeownership rates
by Matthew Gardner Aug 11
Here's why one economist believes a foreclosure wave is unlikely
Odeta Kushi, the deputy first economist at First American, doesn't believe the COVID-19 crisis will lead to a massive spike in foreclosures
by Patrick Kearns Aug 10
Did Trump extend the eviction moratorium? Not exactly
Issued Saturday, the executive order offers some mitigation measures, but falls short of extending the moratorium included in the CARES Act
by Patrick Kearns Aug 10