Redfin CEO trying not to 'count chickens' after solid Q1 earnings
A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish
by Marian McPherson May 9
Buyers need an income that starts with a 3 to live in this pricey city
Buyers need to earn an income of more than $150K to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. In San Jose, buyers must earn at least $361K
Redfin AI search assistant, Ask Redfin, launches nationwide
Ask Redfin is now available nationwide on Redfin's iOS home search app. Ask Redfin can answer a range of questions about listings, market trends and much more
by Marian McPherson May 3
38% of homeowners couldn't afford their home in today's market
Historic rises in median sales prices and mortgage rates have locked homeowners into their homes, according to a new Redfin report. Baby boomers are least able to afford today's market
by Marian McPherson Apr 23
2 buyers scramble to make a deal as the spring market sprints ahead
One Connecticut homebuyer is preparing for marriage. Another in Virginia is healing from a divorce. Both tell Inman the struggle to find a home this spring is real — and the clock is ticking
by Marian McPherson Apr 18
Zillow launches 'Home Just Got Real' ad campaign
The new advertising campaign highlights the struggles homebuyers face while trying to find the perfect home. The ads will run throughout the 2nd and 3rd quarters of the year
by Marian McPherson Apr 16
Homeseller sentiment is lukewarm as spring homebuying ramps up
Elevated mortgage rates and home prices have made sellers leery about listing this spring, so 50% of sellers said they'll be aligning their sales with a late-year rate drop, according to Realtor.com
by Marian McPherson Apr 16
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
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
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
Better hiring real estate agents to originate mortgages in 26 states
As Better reports $543M 2023 net loss, CEO Vishal Garg says the company has made fundamental changes to its business model that will help it pivot to serving homebuyers
by Matt Carter Mar 28
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
Existing-home sales rose 9.5% amid winter inventory boost
Existing-home sales decreased 3.3% annually in February, according to the National Association of Realtors. However, sales did improve 9.5% from January — signaling that recovery won't be linear
by Marian McPherson Mar 21
2024 Spring Outlook: Another tight market, this time with extra anxiety
As the first day of spring arrives, 3 economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive US home sales
by Marian McPherson Mar 19
Homebuyers sit up and take notice as mortgage rates fall
Purchase loan applications jump by a seasonally adjusted 11% after 5 consecutive weeks of declines as mortgage rates continue to retreat from 2024 highs
by Matt Carter Mar 6