Mortgage rates lead to biggest pending sales drop since October
A record one-day jump in mortgage rates on Feb. 2 pushed pending sales down 8 percent — the biggest decline since October, according to Redfin's latest market report
by Marian McPherson Feb 8
Nir Meir charged with larceny alongside HFZ, Omnibuild execs
HFZ, Meir and executives from both HFZ and Omnibuild allegedly defrauded subcontractors, investors and the City of New York
by Ben Verde Feb 8
How love and politics are impacting homebuyers' decisions
Although affordability is still the No. 1 factor in most homebuyers' moves, 2 surveys from Zillow and Redfin reveal politics and romance also play a role
by Marian McPherson Feb 6
Adam Neumann makes grand play to take back struggling WeWork
In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor
by Ben Verde Feb 6
A recovery in new listings is easy to miss — but it may be underway
Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process
by Daniel Houston Feb 5
Rate drop leads to 3rd consecutive month of listing gains
Active and new listings experienced single-digit increases for the 3rd consecutive month in January, according to Realtor.com's latest market report
by Marian McPherson Feb 2
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
What does it cost to live near the country's biggest landmarks?
In some markets, prime real estate close to one of the nation's leading destinations can be had for as little as $110K. Elsewhere, it might cost a homebuyer several millions of dollars
by Lillian Dickerson Jan 19
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
Professor who predicted urban 'doom loop' sees NYC exception
Stijn Van Nieuwerburgh, whose 2022 paper inspired debate about the future of big cities, says things now seem to be looking up for New York City
by Ben Verde Jan 8
Homebuyers are now paying $400 less per month than in October
After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet
by Taylor Anderson Jan 4
A piece of the San Francisco Bay could be yours for $25M
The only private island in San Francisco Bay is up for a sale with a $25M price tag. Red Rock Island is a 6-acre vacant hill just off the Richmond-San Rafael Bridge north of the city
by Ben Verde Jan 4
Broker Spotlight: Steve Belluomini, Corcoran Icon Properties
Find out how this California broker puts his 3 decades of knowledge, experience and community focus to work for his agents and staff
by Christy Murdock Jan 4
Real estate investing in 2023: The roller coaster continues
Rent began to reverse, office vacancy remained near record highs, banks failed and lending got tricky in 2023. Where are we headed next?
by Taylor Anderson Jan 2