New homeowners plan to spend 40% of income on repairs: Study
Thumbtack's survey revealed the depths of new homeowner anxiety regarding home repairs. The typical buyer surveyed spent $30K on repairs during their first year of homeownership
by Marian McPherson Apr 3
Jeff Bezos adds $90M mansion to Miami property portfolio
The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability. The island is also known as 'Billionaire Bunker'
Troubled WeWork projects savings of $8B through restructured leases
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday
by Ben Verde Apr 3
On the cusp of capital? Doubts creep in, broker-owners tell Intel
Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry
by Daniel Houston Apr 3
California legislator proposes $1.25B affordable housing bill
Rep. Adam Schiff announced The Affordable Housing Conversion Act on Tuesday, which allocates $1.25B over 5 years to convert government-owned buildings into affordable housing
by Marian McPherson Apr 2
'Million-dollar' cities have spiked to a new high in the US: Report
There are now 550 'million-dollar' cities in the U.S. compared to 491 last year. California is home to nearly half of them, according to a new Zillow analysis
Lesson Learned: Embrace change and evolve with it
Find out how South Florida luxury agent Carlo Dipasquale learned that the only constant is change — and that what matters is how you navigate it
by Christy Murdock Apr 2
April is Fair Housing Month. How to handle a sensitive topic with grace
As real estate professionals, we are often our clients’ first and sole trusted advisers, writes Dr. Lee Davenport. It's key that we proactively 'school' them on what fairness in real estate looks like
by Lee Davenport Apr 2
Latest inflation numbers don't rule out June rate cut, economists say
The Federal Reserve's preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8%
by Matt Carter Apr 1
'It's the economy, stupid,' for these proptech entrepreneurs: Intel
Real estate startups are beset from all sides by existential threats — No. 1 of which is simply this depressed housing market. Four dozen proptech leaders shared their experiences with Intel
by Daniel Houston Apr 1
Broker Spotlight: Wyatt Poindexter, The Agency
Find out how this Oklahoma City broker's mindset helps him raise the bar on the service he provides and his own level of professional performance
by Christy Murdock Mar 28
Mortgage rates are chasing Treasury yields lower — for now
With a key inflation report due Friday, rates have retreated to levels not seen in 2 weeks after Fed Chair Jerome Powell signals central bank could ease up on 'quantitative tightening'
by Matt Carter Mar 27
Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
36% of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday
by Lillian Dickerson Mar 27
Pacaso is now offering shares in homes for as little as $130K
The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers
by Taylor Anderson Mar 26
The Agency opened 12 new offices in Q1 amid rush of global expansion
The luxury brokerage's first-quarter activity has spanned the US, Canada, Mexico, the Caribbean, Spain, and most recently Edmonton, in Canada's Alberta province, the brokerage announced Tuesday
by Lillian Dickerson Mar 26
Corcoran launches first franchise in Oregon, with emphasis on Portland
Corcoran Prime is owned and led by Becky Jackson, and the franchise boasts approximately 2 dozen agents and staff with services across greater Portland, according to an announcement
by Lillian Dickerson Mar 26