Moving at 'breakneck speed,' Redfin posts unexpected revenue growth
After announcing 8% year-over-year revenue growth, CEO Glenn Kelman said 'it would be hard to overstate how strong' the housing market is right now
by Jim Dalrymple II Jul 30
National median listing price reaches new high amid pandemic
The national median listing price reached $349K in July — the highest price hike since November 2018, according to realtor.com's latest market report, released Thursday
by Marian McPherson Jul 30
Residential investments dropped nearly 40% in Q2
Gross domestic product data showed a historic drop in the second quarter, even as new unemployment claims continued to rise, according to new data released Thursday
by Patrick Kearns Jul 30
Agent wages are rising, but not everywhere or for everyone
New data shows that as of May 2019 the average U.S. agent salary was $62,060. But wages are moving in different directions in different states
by Jim Dalrymple II Jul 29
As bidding wars spike, 20% of winning offers waive inspection contingency
Low mortgage rates, a severe inventory shortage and pandemic-related uncertainty are pushing buyers to take risks in a hot market
by Andrea V. Brambila Jul 28
Zavvie and Easyknock team up to bring 'bridge' option to more consumers
The partnership means agents using zavvie's technology can offer their clients the option of selling their home but continuing to live in it while looking for somewhere new
by Jim Dalrymple II Jul 27
Homebuyer activity surges for second straight month in June
Active listings saw 50% more home showings on average last month, ShowingTime says
by Andrea V. Brambila Jul 27
The newest addition to your buyers' wish list: 'Zoom rooms'
As remote working becomes the norm, real estate agents are highlighting 'Zoom rooms,' which are spaces with perfect backgrounds for virtual meetings
by Marian McPherson Jul 27
Pandemic isn't slowing new agent real estate license applications
Inman collected the latest licensing data from states across the US and found that, despite dire early predictions, there hasn't been an exodus out of the industry. In fact, after a dip early in the pandemic, some states are seeing an increase in new applications
by Jim Dalrymple II Jul 27
A backyard
The coronavirus pandemic has made homebuyers rethink what they want in a home and whether to seek out more spacious digs, according to a new Redfin analysis
by Andrea V. Brambila Jul 24
This team had its best month ever in the middle of a pandemic
While some real estate groups took time to rest and reset during the pandemic, the Detroit-based Packer Group kicked business into high gear
by Lillian Dickerson Jul 23
New jobless claims reverse course, increase from prior week
New initial unemployment claims topped 1 million for the 15th straight week
by Patrick Kearns Jul 23
US home sale profits rise to new post-recession high
The typical home sale profit of $75,971 in the second quarter of 2020 reflected a 36.3% return on investment, a new high in raw profits since the housing market started its recovery from the Great Recession in 2012
by Lillian Dickerson Jul 22
NY congressman announces first-time buyer coronavirus relief plan
Rep. Sean Mahoney's (NY-18) First Time Homebuyer Pandemic Savings Act would allow buyers to use retirement savings to fund their down payment penalty-free
by Marian McPherson Jul 22
76% of homeowners spruced up their homes during lockdown
According to home improvement site Porch.com, homeowners focused their efforts on the outdoors, with new gardens and lawns being the most popular projects
by Marian McPherson Jul 22