Homebuyers show signs of pulling back as mortgage rates move again
Tour requests to Redfin agents fell 7% and mortgage applications declined 13% during the week ending Oct. 1. 'Mortgage rates well over 6% are spooking homebuyers,' Redfin says
by Ben Verde Oct 7
Zillow launches street-view home searching with Apple Maps
Homebuyers can now get a street-view look at listings, thanks to Zillow's newest integration with Apple Maps. Dubbed 'Look Around,' the feature is available in 19 markets
by Marian McPherson Oct 6
Redfin adds down payment assistance feature to website
Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage's new partnership with Down Payment Resource
by Marian McPherson Oct 6
Collabra debuts market analytics and video tool, Market Spotlight
The tool, which is part of Collabra's RElumio digital marketing platform, is designed to incorporate market data into listing videos with minimal effort — an industry 1st, company says
by Jim Dalrymple II Oct 4
RE/MAX's Motto Mortgage named a top 'recession-proof' opportunity
As lenders pivot to serve homebuyers, RE/MAX franchisor's 'mortgage brokerage-in-a-box' also makes separate list of top franchise opportunities for Black entrepreneurs
by Matt Carter Sep 29
Homebuyers in these US cities are backing out of deals at a higher rate
Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest
by Ben Verde Sep 26
Help your buyers decide whether or not to waive the appraisal contingency
When it comes to appraisals there are plenty of opinions to go around. Understanding the pros and cons of contract contingencies is essential for you and your client
by Bill Gassett Sep 22
4 ways to help first-time homebuyers map out their way to a new home
The road to becoming a first-time homeowner is filled with challenges for buyers and agents. Planning a well thought out route for these special transactions can help both you and your client stay on course in any type of market
by April Murphy Sep 7
Buyers are leaning on contingencies to bail out of deals, Redfin CEO says
During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers' favor
by Marian McPherson Sep 1
WATCH: How being picky about your financing options can pay off
At Inman Connect Las Vegas, John Paasonen of Maxwell and Robert Foos of Knock said agents and buyers have an opportunity to be selective in the current market when it comes to financing
by Lillian Dickerson Aug 24
Homebuyers with lower credit scores pay hundreds more: Study
The homebuyers with 'fair' credit scores can pay up to $288 more per month than those with 'excellent' scores, according to a new study by Zillow
by Ben Verde Jul 28
Two runners at the starting line
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75% percent more on the typical mortgage payments than in 2019, according to Zillow
by Ben Verde Jul 19
Douglas Elliman starts homebuyer personal assistant platform
The complimentary platform 'Elliman Showroom' will combine the services of a personal assistant with a dashboard of recommended vendors to help clients with the move-in process
by Lillian Dickerson Jul 12
As recession looms, consumers see tide turning in favor of homebuyers
Fannie Mae finds 81% of Americans think the economy is on the wrong track, but the share of consumers who think it's a good time to buy ticked up in June
by Matt Carter Jul 8
Forget what you know about retirees. Here's what they're looking for now
Opinion
Don't be discouraged if your newly retired homebuyer clients are taking their time. These clients know what they want and are willing to wait for the perfect home
by Luke Babich Jul 7