How the coronavirus pandemic is reshuffling the luxury real estate market
Buyers are looking for homes in different places, and with different characteristics, than they did before COVID-19 brought chaos to the US
by Jim Dalrymple II May 15
26% of all mortgaged homes were equity-rich in first quarter
Roughly one-quarter, or 26.5%, of the 54.7 million mortgaged homes in the U.S. were equity-rich in Q1 2020, according to Attom Data Solutions' Q1 2020 U.S. Home Equity & Underwater Report
Foreclosure activity hits lowest point in 15 years
There were a total of 48,004 properties with foreclosure filings in February 2020, the lowest number since Attom began tracking the data in April 2005
Refis up 104% year-over-year
Residential refinance mortgages more than doubled in Q4 2019, bringing them to their highest point in nearly 7 years, according to new data from Attom Data Solutions
by Lillian Dickerson Mar 19
Commuters lose an average of $1,377 per year stuck in traffic
The average American commuter spends 99 hours per year sitting in traffic, costing them about $1,377
RealScout's Buyer Graph launches in Philadelphia
A total of nearly 50,000 agents will now have access to the tool as RealScout's Buyer Graph expands to nine new brokerages in Philadelphia
by Patrick Kearns Mar 4
These 15 markets are poised to become the next iBuying hotspots
A change in Federal Deposit Insurance Corporation regulations will make it easier for iBuyers to enter markets in the North and South, according to home-value data platform Ownerly
by Marian McPherson Feb 28
Homebuyers see fierce competition across the country
Low mortgage rates and a lack of inventory have created a highly competitive market. In San Jose, one homebuyer had to put 50% down and write a letter to the sellers in order to beat 24 other offers
by Lillian Dickerson Feb 24
The Fed signals that interest rates won't change through 2020. Really?
This December is packed with news, but markets remain unperturbed. That begs the question — what really matters?
by Lou Barnes Dec 13
Are open houses too dangerous to justify?
Following a wave of headlines about open house-related crime, agents say safety issues are a growing concern
by Jim Dalrymple II Nov 12
Entire Philadelphia indie brokerage joins Compass
Very Real Estate is a boutique independent brokerage that specializes in representing buyers
by Patrick Kearns Aug 21
Discounter REX expands into Philly — buyer brokers beware
With a policy of never paying outside buyer's brokers, REX is moving in on Philadelphia and surrounding areas
by Teke Wiggin Mar 22
Which markets will homebuyers be priced out of next?
As income growth fails to match home value growth, homebuyers are struggling to keep up, according to a study from SmartAsset
by Marian McPherson Nov 29
Seattle is more affordable than Detroit? How's that even possible?
New York City clocked in as the least affordable rental market in the US, according to a new study, but it's the Motor City's sky-high cost of living that's truly jaw dropping
by Marian McPherson Sep 28
Startup brokerage Houwzer offers homesellers a $2,500 rebate they can transfer to family, friends
Operating in Philly and D.C., the company is raising its flat listing fee from $995 to $2,500, but courting millennials and their relatives with its new Houwzer Assist credit
by Emma Hinchliffe Aug 13