Where listings are bouncing back — and where they're not: Intel
Agents are having very different experiences in the Midwest compared to the coastal South. Intel breaks down 2 years of Realtor.com data to get to the bottom of this split market
by Daniel Houston Aug 26
$1M homes hit all-time high in US
A record 8.5% of all US homes are worth $1M or more, up from 7.6% last year and 4% before the pandemic, according to a new Redfin analysis. California is adding them faster than other states
by Lillian Dickerson Aug 16
Average buyer's agent commission has fallen since NAR settlement
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since NAR's March settlement
by Marian McPherson Aug 2
Rocket says AI helping it grow capacity and keep expenses flat
With Q2 2024 net income up 28% to $178M, CEO Varun Krishna says Rocket is making 'significant investments in data leadership and infrastructure' and partnering 'with the best in the industry'
by Matt Carter Aug 1
Austin Allison and Pacaso are coming for the masses
The Pacaso CEO peels back the curtain on his company’s evolution to a new chapter as it buys more houses in more markets at lower prices
by Taylor Anderson Jul 15
4 fair housing essentials any real estate professional can champion
Fair housing goes beyond knowing the protected classes. Dr. Lee Davenport offers a primer on 4 levels of fairness involved in fair housing and how to communicate the facts to buyers and sellers
by Lee Davenport Jun 14
UWM's 0-down loans a hit with buyers, worry consumer advocates
Unlike subprime loans that were subjected to minimal underwriting standards in the runup to the 2007 housing crash, new 0-down loans meet criteria set by mortgage giant Freddie Mac
by Matt Carter Jun 4
10 cities where these experienced property investors won't buy
Investors Christian Gore and Itay Simchi shared 10 US cities where they would never choose to invest in real estate
by Ben Verde May 20
Here's who sank and who soared in Q1 2024 earnings
Real estate’s Q1 earnings are in. From CoStar’s revenue surge to Opendoor’s slump, we have all of the highs and lows
by Jessi Healey May 9
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
Rocket Mortgage picks up market share — and turns a tidy Q1 profit
On its quest to reclaim the title of nation's biggest mortgage lender, Rocket didn't sacrifice profits, generating $291M in net income as revenue grew 107% from a year ago, to $1.38B
by Matt Carter May 2
Home prices surge to 'near all-time highs' amid rising mortgage rates
San Diego, Los Angeles, Washington, D.C. and New York posted annual price increases for the third-straight month, with each of the cities S&P CoreLogic Case-Shiller tracks hitting record highs
by Ben Verde Apr 30
West Coast tech hubs see home values skyrocket in spring market
Seasonal price growth is highest in San Jose as buyers compete for extremely limited inventory, according to an analysis by Zillow
by Ben Verde Apr 15
Rocket Mortgage: Patented AI process cuts turn times by 25%
The Detroit-based lender unveiled 'Rocket Logic' on Tuesday, an AI-fueled platform that can glean insights from 10 petabytes of proprietary data and transcripts from 50M borrower calls each year
by Matt Carter Apr 10
St. Louis, The Arch, Missouri
First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow. That's the highest share the city has seen since at least 2017
by Ben Verde Apr 5