Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
On the verge of going private, Doma Holdings is still in the red
San Francisco-based title tech provider, set to be acquired by Title Resources Group, posted a $20.6M Q1 2024 net loss Tuesday, down 46% from a year ago but little improved from Q4 2023
by Matt Carter May 8
NYC rents grew 7 times faster than wages last year
The nation's biggest city saw the biggest gap emerge between the rates of wage growth and rent growth, according to a new report from Zillow
by Ben Verde May 7
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
Members of SFAR have a new AI productivity Sidekick
Developed by San Francisco-based boutique brokerage Avenue 8, Sidekick primarily uses a text interface to retrieve data, execute tasks, function much as a common, 'visual' interface would
by Craig C. Rowe May 6
Mortgage tech provider Blend gets $150M private equity cash injection
The struggling loan technology provider will use an influx of cash from Haveli Investments to pay off the debt it took on to get into the title insurance business by acquiring Title365 in 2021
by Matt Carter Apr 30
Home prices surge to 'near all-time highs' amid rising mortgage rates
San Diego, Los Angeles, Washington, D.C. and New York posted annual price increases for the third-straight month, with each of the cities S&P CoreLogic Case-Shiller tracks hitting record highs
by Ben Verde Apr 30
New San Francisco showroom offers private islands and yachts
Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies
by Lillian Dickerson Apr 24
Ex-HGTV star convicted of fraud sentenced to 4 years in prison
Charles 'Todd' Hill, 58, starred on 'Flip It to Win It' in 2013. He has been ordered to pay $9.4M in restitution for committing real estate fraud
by Lillian Dickerson Apr 17
Big Tech loses its appetite for office space, adding to landlord woes
Tech firms such as Meta, Amazon, Salesforce, and Google are offloading office space and letting commercial leases expire
by Ben Verde Apr 16
West Coast tech hubs see home values skyrocket in spring market
Seasonal price growth is highest in San Jose as buyers compete for extremely limited inventory, according to an analysis by Zillow
by Ben Verde Apr 15
Bay Area rail workers allegedly built secret apartments in train stations
Two railway workers in the Bay Area are facing felony charges for allegedly building secret apartments in 2 train stations
by Ben Verde Apr 10
Forget the NAR settlement. New development transactions still pay
Opinion
As brokerages pivot to specialized training meant to empower buyer agents, new-home sales still provide plenty of opportunities for intrepid Realtors, development specialist Hana Cha writes
by Hana Cha Apr 8
Disappointing economic news hampers early spring market
Economic headwinds and a holiday weekend caused new listings and home tour requests to fall at the end of March, according to Redfin's report. The portal is still bullish on future spring activity
by Marian McPherson Apr 4
Jennifer Berman, DirectOffer COO, dies after long bout with cancer
Inman's Laura Monroe pays tribute to a brilliant soul in the Inman Community as the industry mourns the loss of Jennifer Berman
by Laura Monroe Apr 4