Luxury market shows signs of recovery as home prices rise
A new Redfin report found that the median price of a luxury home in the US is $825,000, a 1.2 percent rise from the same period last year
Where are 2020’s hottest ZIP codes?
The hottest ZIP codes in the US this year, according to an analysis by realtor.com, are in less populous, less expensive areas where people can socially distance with ease and not worry about breaking the bank if their jobs become less secure during a time of widespread economic uncertainty
by Lillian Dickerson Aug 18
Housing starts soar 22.6% in July
'Strong builder confidence and heavy buyer traffic point to further production gains in the near term,' said Chuck Fowke, chairman of the National Association of Home Builders
What to watch for as Airbnb gets ready for an IPO
New rumors suggest the short-term rental giant may file papers to go public as soon as this month. The rumors come as Airbnb's business gradually recovers from a pandemic-related downturn
by Jim Dalrymple II Aug 18
Big Sky yields big returns for vacation-homeowners: Vacasa
Big Sky, Montana, is the best place to purchase a vacation home in 2020, according to rental management platform Vacasa's latest market analysis
by Marian McPherson Aug 18
Rent price growth keeps slumping: CoreLogic
Rent prices grew by 1.4% in June, down from 2.9% growth last year
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