Home values have surged at 2X the normal rate since pandemic
Since 2020, US home values have risen by 45.3%, meaning more than 10 years of typical home value growth has been packed into a 5-year period, a new report from Zillow shows
by Lillian Dickerson Feb 27
RE/MAX agrees to pay $5.5M to settle Canadian commission suit
The company agreed to unspecified business practice changes and to make the payment to move forward from the commission lawsuits in Canada, which largely mirrored those filed in the US
by Taylor Anderson Feb 26
New-home sales plunge 10.5%, fall below expectations
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
by Richelle Hammiel Feb 26
Trump signals tariffs on Canada, Mexico will take effect March 4
There's rising anxiety among investors and consumers about the potential impacts of a trade war, surveys show, with stock prices and bond yields retreating as March 4 deadline looms
by Matt Carter Feb 25
NAR, Mortgage Bankers Association back CFPB nominee
The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan
by Marian McPherson Feb 25
December home prices extend decade-long growth streak
The FHFA Housing Price Index (HPI) and the S&P CoreLogic Case-Shiller Indices reported annual growth of 4.5% and 3.9%, continuing a streak of quarterly appreciation since 2012
by Richelle Hammiel Feb 25
Gitcha launches services in California to assist fire-affected
'While we can’t create more housing, we can help those affected share their needs and connect with their community for support': Gitcha CEO
by Craig C. Rowe Feb 24
'Now is the time to buy,' rising share of consumers declare: Intel survey
Early signs suggest consumers may be feeling more hopeful about prices and mortgage rates, and increasingly see 2025 as a good time to buy, new Inman-Dig Insights consumer polling shows
by Lillian Dickerson Feb 24
Mortgage rates seen as staying higher for longer as Fed pauses
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation
by Matt Carter Feb 21
Airbnb hosts leave site over co-founder’s DOGE work
Airbnb co-founder Joe Gebbia has pledged to work for the Department of Government Efficiency. Airbnb hosts aren’t happy about it
by Marian McPherson Feb 21
Gary Keller's bleak 2025 housing market forecast: The Download
This week at Keller Williams' Family Reunion, Gary Keller forecast significant market headwinds in 2025. How can you prepare — and flourish — no matter what happens next?
by Christy Murdock Feb 21
Existing-home sales dip in January but maintain annual growth
Existing-home sales fell 4.9% in January to a seasonally adjusted rate of 4.08M. Despite the month-over-month decline, sales were still 2% higher than a year ago
by Richelle Hammiel Feb 21
RE/MAX turns $5.8M profit in Q4 despite 10th straight revenue dip
A drop in expenses was enough to offset falling revenue from franchise fees and annual dues that make up about 70% of RE/MAX's revenue, the company said on Thursday
by Taylor Anderson Feb 21
Evacuees still fight for housing as recovery efforts find their way in LA
As homeowners figure out what to do next, the city continues to search for organization in the recovery. Agents are caught in-between helping clients, sometimes while homeless themselves
by Lillian Dickerson Feb 21
EXp Q4 earnings mixed as revenue ticks up but agent count falls
The virtual brokerage ended 2024 with 82,980 agents — a 5% drop compared to the previous year, according to Q4 earnings data. EXp also posted $1.1B in revenue in the final 3 months of last year
by Jim Dalrymple II Feb 20
Black households led first-time homebuyer market in 2024
Despite a nationwide dip in first-time homeownership, Black buyers have bucked the trend in 2024, leading the market with 62% purchasing their first home, according to Zillow
by Richelle Hammiel Feb 20