Homebuyer purchasing power rises by $40K since October rate surge
A buyer with a monthly budget of $3K can now purchase a home worth approximately $453,000 — up from $416,000 in October when mortgage rates reached a record of 7.8%, according to Redfin
by Marian McPherson Jan 29
Buyers are still fighting hard, despite costly home payments
The monthly mortgage payment on a typical home is more than 50% pricier than it would have been a year ago, according to Zillow's research team, yet competition remains fierce
by Daniel Houston May 19
RE/MAX exec on shifting market: 'Have a savings account'
Nick Bailey also warned agents that there's no 'get rich quick schemes' in real estate at the company's R4 event
by Patrick Kearns Mar 25
After 5-month stretch, existing-home sales take a step back
Sales were down 2.5% from October, with every region dipping or remaining flat month over month, according to data released Tuesday by the National Association of Realtors
by Patrick Kearns Dec 22
Want more inventory? Nail the listing presentation
Everything in real estate is happening with rapid speed today. That's why you can't waste time with another boring presentation that does nothing to build trust. Here's what you can do instead to win the listing
by Faisal Susiwala Oct 23
Inventory hits record low
As year-over-year existing-home sales soared 21% in September, inventory dropped to a 2.7-month supply, according to data released Thursday by the National Association of Realtors
by Patrick Kearns Oct 22
StreetEasy launches Zestimate-like tool for New York City
StreetEasy Valuation is available to New York City homeowners by request only, however, unlike the public-facing Zestimate
by Patrick Kearns Oct 15
Why now is the time to hold a seller seminar — and how to do it
Buyer seminars have worked for years. But what about seller seminars? Zoom provides a great way to do seller seminars today, especially in light of COVID-19 restrictions. Here's how to get started
by Bernice Ross Aug 5
41% of homebuyers would go over budget by $25K for the perfect home
Although 80% of homebuyers consider price to be the most important consideration of a purchase, 41% were willing to go above budget by an average of $25K for the perfect home
Home price gains dip in May but rise 3.4% annually: Case-Shiller
The 'broad-based moderation' of home prices continues, according to S&P Dow Jones Indices' Philip Murphy
by Patrick Kearns Jul 30
How to answer 10 common seller appraisal questions
Opinion
Educating sellers on the appraisal process helps manage expectations. It gives them a realistic understanding, and it will enable them to navigate the process successfully
by Cara Ameer May 29
Cyborg realtor homes AI code
The California tech-enabled brokerage is launching PricePredictor to give consumers a percentage estimate of how strong any given bid is
by Patrick Kearns Sep 18
Sellers still rule — for 2 years, says Zillow
It won't be a buyer's market until 2020, but home price growth has slowed in more than half of the nation's largest metros, according to the study
by Patrick Kearns Aug 27
Permitting slowdown has cost the US 6.3M new homes
The country still hasn't recovered from the shock of the 2008 financial crisis, according to a new study from Zillow
by Patrick Kearns Aug 13
Buildings around Union Square in Manhattan
S&P/Case-Shiller Home Price Indices shows continued growth in US home prices
by Britt Chester Jul 6