3 green flags of exceptional real estate leadership
The mark of a great leader, Victoria Kennedy writes, is that they don't hoard power for themselves but empower others to build and grow their sphere of influence
by Victoria Kennedy Mar 5
Home prices hit high in December as 'solid, steady growth' wins out
Home prices rose 5.5% on an annual basis in December, up from 5% in November, according to dueling data released Tuesday by S&P Global and the Federal Housing Finance Agency
by Ben Verde Feb 27
The Detroit Lions loss is nothing next to its lowball appraisals
A housing battle is raging in Detroit, writes Lee Davenport. Lowball home values cut into homeowner equity and exclude residents from resources and opportunities
by Lee Davenport Jan 31
Home price growth accelerated in November alongside high rates
Home prices increased 5.1% between November 2022 and November 2023, despite falling 0.2% month over month from October
by Ben Verde Jan 30
Tale of 2 housing markets will linger into 2024, Zonda economist warns
With listings still in short supply, homebuyers are 'dealing with an affordability shock' and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY
by Matt Carter Jan 26
Airbnb vet Jonathan Mildenhall to unify Rocket's marketing efforts
The company's first CMO will be responsible 'for creating a unified and compelling voice for all businesses' under the Rocket umbrella, including Rocket Mortgage and Rocket Homes
by Matt Carter Jan 5
US home prices tally biggest uptick of 2023 amid steep mortgage rates
The S&P CoreLogic Case-Shiller National Home Price Index posted a yearly increase of 4.8% in October, the fastest annual rate gain of 2023 and 'the strongest national growth rate since 2022'
by Ben Verde Dec 26
Americans' average mortgage payment falls $164 in November
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage
by Marian McPherson Nov 30
Property management solution Revela revels in $9M Series A
The company serves private and institutional single-family landlords, multifamily property managers and student housing companies. The funding was led by FirstMark Capital
by Craig C. Rowe Nov 30
Home prices climb higher for 7th straight month, led by Detroit
National home prices climbed 3.9% from a year earlier in September and were up 0.7% from the previous month. Detroit was the market with the highest price growth, followed by San Diego
by Ben Verde Nov 28
Rocket stays profitable in Q3 but still in the red for the year
Cost-cutting helped the Detroit-based mortgage lending giant rack up its second consecutive profitable quarter, but at $61.45B, 2023 mortgage originations are down 46% from a year ago
by Matt Carter Nov 2
Despite high cost to finance, home prices hit new heights in August
Housing prices increased 0.4% between July and August and were up 2.6% on an annual basis, representing new highs in many markets
by Ben Verde Oct 31
NYC's rep falters amid lower economic, real estate prospects
The city ranked lower than 18 other cities, including Boston, Seattle, and Boise, Idaho, on factors like post-COVID recovery and commercial real estate, according to an analysis by JPMorgan
by Ben Verde Oct 23
Intel unpacks the startling price of entry into the US housing market
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers
by Marian McPherson Oct 4
Homes are no longer affordable for the average American, report says
Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250
by Taylor Anderson Sep 29