Florida bans Chinese citizens from buying real estate over 2 acres
On May 8, Gov. Ron DeSantis signed Senate Bill 264. The new law restricts real estate purchases in the state by citizens of China, Russia, Iran, North Korea, Cuba, Venezuela and Syria
by Andrea V. Brambila May 18
And the cheapest state to buy a home is…
Illinois is the cheapest state to purchase a home, due to a study by California-based boutique brokerage RubyHome. The study focuses on the income-to-sale price ratios for each state
by Marian McPherson Apr 28
Homebuyer dollar stretching further as rates drop: Zillow
As mortgage rates have dropped from a roughly 7% peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3K monthly payment
Mortgage rate swing created 'more normal' market in December
Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report.
by Marian McPherson Jan 19
Glenn Kelman calls millennials 'the roommate generation'
In an appearance on 'Barron's Live,' Redfin's CEO explained how rising mortgage rates have trapped homeowners and homebuyers into a housing purgatory, tough for anyone to make a move
by Marian McPherson Jan 12
This is where it takes the longest amount of time to save up for a home
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years
by Lillian Dickerson Jan 10
Pending home sales post record drop as deals die and price cuts soar
Inflation and mortgage rates took a hefty toll on homebuyers in October, with a record 60,000 home-purchase cancellations during the month, according to new data released Monday
by Marian McPherson Nov 21
Prices will fall in 2023. But savings will be negligible due to headwinds
Home prices could fall by 8%, but rising mortgage rates and a 'mild recession' will blunt the savings in buyers' pockets, according to Capital Economics' new US Housing Market Outlook
by Marian McPherson Nov 17
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
The most advantageous time to buy a home is right now, new data shows
The housing market's summer rush may have lessened the impact of a deep drop in demand, according to new data from Attom. But what will happen in the historically slow months of fall?
by Daniel Houston Oct 5
Mortgage rates haven't been this chaotic since Black Monday: Study
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since, according to a new analysis by Redfin
by Daniel Houston Sep 29
Bidding wars fall to lowest level of pandemic as mortgage rates inch up
Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday
by Ben Verde Sep 23
How Realtors can guide clients to a transparent buying process
Companies seeking to use technology to add transparency and reduce friction in the homebuying process are particularly useful now, experts said during an Inman Connect Now virtual event
by Taylor Anderson Sep 22
RealScout launches 19th Buyer Graph in Southwest Florida
14 brokerages have partnered to launch the Southwest Florida Buyer Graph, which hosts real-time anonymized buyer data and habits and climate risk data
by Marian McPherson Sep 15