Opendoor reaches $39M settlement in pricing algorithm suit
IBuyer Opendoor on Friday agreed to pay $39M to settle a federal securities class-action suit that accused the real estate tech company of misleading investors about its homebuying algorithm
by Richelle Hammiel Jun 17
Frank Lloyd Wright's prairie-style DeRhodes House lists near $1.18M
The first home that late American architect Frank Lloyd Wright ever built in Indiana, near the beginning of his storied career — and one of 2 in South Bend — has just hit the market for $1.175M
by Richelle Hammiel Jun 16
Investors contemplate options amid market shift: The Download
As investors see local markets and rental prices soften, they've started to unload underperforming inventory at a record pace
by Christy Murdock Jun 14
Despite market shift toward buyers, they're still backing away
According to Redfin's data, pending home sales dipped 0.4% year over year to the lowest May level since 2020. Part of that was attributed to sky-high costs and economic uncertainty
by Richelle Hammiel Jun 5
Opendoor hit with Nasdaq notice, skids closer to delisting zone
Opendoor's stock has spent months in precarious territory. The company has now received a notice from Nasdaq after its share price fell below $1 for 30 consecutive business days
by Richelle Hammiel Jun 2
RE/MAX meets expectations in Q1 but forecasts turbulence ahead
Revenue fell to $74.5M, down from $78.3M a year earlier, marking the 11th-straight quarter of decline, according to financial results posted by RE/MAX Thursday after the markets closed
by Richelle Hammiel May 2
Concessions surge as homesellers offer sweeter deals in sour markets
In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
by Richelle Hammiel Apr 22
Fannie Mae lays off 100 workers citing unethical conduct
Fannie Mae has confirmed the dismissal of over 100 employees in connection with a fraud scheme aimed at its charitable matching program
by Richelle Hammiel Apr 8
Build-to-rent homes hit record high in 2024 with no signs of slowing
In 2024, a record 39K single-family rental homes were completed, marking a 15.5% jump from the previous year, according to a Point2Homes analysis of Yardi Matrix data released Wednesday
by Richelle Hammiel Apr 7
Glennda Baker: Don't chase viral moments. Be authentic
Glennda Baker of Glennda Baker & Associates, took the Inman on Tour Nashville stage with her signature style, personality and unfiltered truth about building a personal brand in real estate
by Richelle Hammiel Mar 12
Sinatra's LA estate, where JFK trysted with Monroe, sells for $8M
The March 4 sale was structured in 2 parts, with 1 parcel selling for $5M while an adjacent 9-acre parcel with the guest house where JFK and Marilyn Monroe allegedly met, selling for just $3M
by Richelle Hammiel Mar 6
New-home sales plunge 10.5%, fall below expectations
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
by Richelle Hammiel Feb 26
Pasadena ADU program offers second shot at affordable housing
Through the program, homeowners can receive up to $225K in 3-year construction loans to finance the design, permitting and overall construction of a new accessory dwelling unit
by Richelle Hammiel Feb 14
$32M Beverly Hills property hits the market, but it's just a basement
The luxury listing just hit the market, but there's no mansion yet. In fact, it's just a basement. This is a 'rare opportunity to complete an iconic estate'
by Richelle Hammiel Feb 13
Homebuyers remain sidelined despite more listing options
Over the 4 weeks ending Feb. 2, new listings across the US have jumped 7.9% from last year to 76,194, the largest increase since late 2024, according to Redfin's analysis
by Richelle Hammiel Feb 6