Foreclosures were up 9% year over year in May: ATTOM
States with the highest foreclosure rates in May included Delaware, Florida, Illinois and Indiana. ATTOM's CEO described the situation as 'a mixed picture'
by Jim Dalrymple II Jun 10
Canadian reality TV brokerage makes its US debut in South Florida
RARE Real Estate 1st launched in Canada in 2021 and may be best known to Americans for being featured on the Amazon reality TV show 'Luxe Listings Toronto'
by Lillian Dickerson Jun 10
Real estate investors are unloading homes at record clip to stem losses
In 2024, investors drove 11% of all US home sales — the highest share in more than 2 decades. That translates to nearly 509,000 properties sold, according to data released Tuesday by Realtor.com
by Richelle Hammiel Jun 10
10 reasons you should live in your 1st investment property
In a market that challenges even the most experienced house flippers, living in your 1st real estate investment can provide the foundation for building lasting wealth, trainer Bernice Ross writes
by Bernice Ross Jun 10
Consumer sentiment about housing market rebounds
While just 26% of Americans said May was a good time to buy, that's up from 23% in April and 14% a year ago, an all-time survey low in Fannie Mae National Housing Survey
by Matt Carter Jun 9
Developers are lining up to buy in on Altadena's burned out lots
Altadena is for sale, and developers are lining up to buy in. So far, around 145 properties have been sold, 100 are currently listed and dozens are in escrow, the 'Los Angeles Times' reports
by Richelle Hammiel Jun 9
Working with the Michael Jordan of real estate: Bess Freedman
Opinion
As Hall Willkie steps into a consultant role at Brown Harris Stevens, CEO Bess Freedman reflects on the impact of her mentor
by Bess Freedman Jun 9
9 ways to show clients you appreciate them this summer
Don't go silent this summer. Reach out to past clients, and show them you care with these strategies from coach Darryl Davis
by Darryl Davis Jun 7
Opendoor CEO resigns
Shares in the iBuyer have traded for as little as $0.58 on the Nasdaq in recent days — well below the $1 threshold companies must meet to avoid delisting
by Jim Dalrymple II Jun 6
Job market is cooling, but not fast enough to alarm Fed policymakers
An estimated 7.24M Americans were unemployed in May, as hiring by private employers slowed to slowest pace since October and the federal government continued to shrink its payroll
by Matt Carter Jun 6
Trump bump flattens for luxury homebuyers in Silicon Valley
Bay Area luxury buyers, many of whom work in tech, don't take market fluctuations well because their wealth is generated through IPOs and stocks. If the stock market is in a tizzy, no homebuying
Luxury home values have hit $1.8M, bucking the spring slowdown
A new report from Zillow shows that luxury home values rose 2.7% over the past year, with the typical luxury home now valued at around $1.8M
by Richelle Hammiel Jun 6
An active hurricane season is on the horizon — is the US prepared?
NOAA expects 13 to 19 named storms to arrive now through the end of November. More than 33M properties face potential damage from high winds and more than 6M from flooding
Why now is the perfect time for a mansion boom
Wealthy buyers are choosing stability over speculation, market expert Chris Drayer writes. They’re thinking long-term and betting on real estate as a safer, smarter place to park their wealth
by Chris Drayer Jun 6
Despite market shift toward buyers, they're still backing away
According to Redfin's data, pending home sales dipped 0.4% year over year to the lowest May level since 2020. Part of that was attributed to sky-high costs and economic uncertainty
by Richelle Hammiel Jun 5
US inventory exceeds 1M homes for first time in 6 years
Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels