Pre-pandemic inventory lifts Zillow's iBuyer as company rides 'tailwinds'
The online real estate giant brought in $768 million during the second quarter of 2020 while setting a new traffic record with 2.5 billion visits to its website
by Jim Dalrymple II Aug 6
RE/MAX's support for franchisees led to 25% revenue drop in Q2
Despite the nearly 25% decline in revenue, RE/MAX CEO Adam Contos said June was an 'encouraging' month for the housing market
by Patrick Kearns Aug 6
In downgrade, Rocket Companies prices stock at $18 per share for IPO
The total number of shares and pricing is a downgrade from the company's initial announcement offering 150M shares at a price ranging between $20 and $22 per share
by Patrick Kearns Aug 6
More than 1M Americans filed unemployment claims last week
It's the lowest level of new jobless claims since the pandemic began spreading across the United States, but still far ahead of pre-COVID-19 norms
by Patrick Kearns Aug 6
Where are the best and worst COVID-19 rebounds?
A recent Clever Real Estate report looked at the national trends that were spurred this year by COVID-19. Here are a few of them — plus the top five metros with the biggest increases as well as drops in buyer demand
by Luke Babich Aug 6
In a positive sign, number of equity-rich properties continues to rise
During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions
older millennial
A new report from Point2 found that searches for houses have exploded post-lockdown and that women are doing most of the house-hunting
Real estate tech facing 'gale-force headwinds' amid pandemic
A new report from venture capital firm MetaProp shows COVID-19 has sapped investor confidence, though the firm's founder remains optimistic about the future
by Jim Dalrymple II Aug 5
Mortgage applications drop 5.1%
The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package
Aiming for 21 markets by '21, Knock now swapping homes in Denver
After rebranding its Home trade-in model, Knock is now helping sellers swap homes in Denver. Its goal is to reach 11 markets before the end of 2020
by Craig C. Rowe Aug 5
Quarter of homebuyers are moving — and moving sooner than expected
Twenty-five percent of homebuyers reported the pandemic has caused them to move — or speed up their moving timeline, according to a survey conducted by Redfin
With assist from virtual world biz, eXp lands most profitable quarter ever
EXp World Holdings, the parent company of the virtual cloud real estate brokerage, posted a net income of $8.3M in the second quarter
by Patrick Kearns Aug 5
Rents still rising amid pandemic
Rents are following seasonal patterns, though rents are going down in half of coronavirus hotspots, according to Apartment Guide's Mid-Year Rent Report
Hot markets, new opportunities: What agents across the country have to say about the industry
Dozens of agents from across the U.S. and Canada shared insights Tuesday during Inman Connect Now. Overall, they described active markets that have also changed during the tumultuous months of the coronavirus pandemic
by Jim Dalrymple II Aug 4
Which Canadian markets are the hottest right now?
'Even in this time of strangeness that we're going through, we're feeling pretty confident across Canada,' Sandra Kirkland, a broker form Ontario, said at Inman Connect Now
Fleeing New Yorkers are fueling markets in the Northeast
New York City buyers are buying based on the home and agnostic to location, looking as far south as Baltimore according to panelists at Inman Connect Now
by Patrick Kearns Aug 4