Home values have surged at 2X the normal rate since pandemic
Since 2020, US home values have risen by 45.3%, meaning more than 10 years of typical home value growth has been packed into a 5-year period, a new report from Zillow shows
by Lillian Dickerson Feb 27
December home prices extend decade-long growth streak
The FHFA Housing Price Index (HPI) and the S&P CoreLogic Case-Shiller Indices reported annual growth of 4.5% and 3.9%, continuing a streak of quarterly appreciation since 2012
by Richelle Hammiel Feb 25
HUD, FHA staffing cuts would undermine housing, union warns
Trump administration silent on details but disputes the accuracy of a Feb. 18 report by Bloomberg Law that at least 40% of FHA's workforce are set to be laid off as part of cost-cutting initiatives
by Matt Carter Feb 20
Zillow CEO lauds remote work as portal continues to slash space
The company’s 2024 10-K filing revealed it expects its leasing costs to drop by about $16M over the next 4 years and anticipates earning $26M in sublease income during the same period
by Marian McPherson Feb 13
NCino acquires integration partner Sandbox Banking for $52.5M
In a flurry of activity, the cloud banking solutions provider appointed Sean Desmond as CEO while granting a big shareholder, HMI Capital Management, a seat on its expanded board of directors
by Matt Carter Feb 12
6 new technologies shaping the future of residential development
'Thesis Driven' editor Brad Hargreaves shared how emerging tech in home equity, AI, ADUs, property development, off-the-grid living and driverless cars will impact residential development
by Lillian Dickerson Jan 23
Brad Inman proclaims real estate agents 'champions of the world'
Following a tough year of commission lawsuits and a challenging housing market, the Inman founder reminded real estate professionals Thursday that they are survivors poised for a rebirth
by Lillian Dickerson Jan 23
RE/MAX taps Christie's Real Estate vet Chris Lim as chief growth officer
Lim, who vacated the presidency of Christie's International Real Estate in 2023, will be tasked with growing RE/MAX at a time when the brokerage has struggled with falling revenue and agent count
by Jim Dalrymple II Jan 15
Lawsuit between NAR, Top Agent Network dismissed — again
TAN and NAR have agreed to dismiss their lawsuit, according to court documents filed on Monday. However, Top Agent Network can re-file charges or bring the case to another court in the future
by Lillian Dickerson Jan 14
Brookfield Properties said to be acquiring Divvy Homes in 'fire sale'
Valued at $2B in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year
by Matt Carter Jan 13
Corcoran Group veteran Julie Pham joins Compass
After 20 years with Corcoran, broker Julie Pham has moved to Compass. With former Corcoran agent Angela Remigio, her namesake team focuses on new development, international buyers
by Marian McPherson Jan 6
Home prices hit new highs in 2024. These 2 factors could ease the pain 
Prices hit record highs in 2024, making affordability just as big a problem as it was on the eve of the 2007 housing bust. But this time, prices in most markets are expected to decelerate, not fall
by Matt Carter Jan 2
The 31 priciest deals of 2024 moved the needle up to $60M+
The luxury residential market soared to new heights in 2024. Florida dominated the top sales of the year, bringing at least 15 residential transactions above $50M, in a tale of 2 markets
by Lillian Dickerson Dec 27
Redfin commission model drawing more, better agents: Jason Aleem
Aleem, Redfin's chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money
by Jim Dalrymple II Dec 20
Blend Labs will power originations, closings for PHH Mortgage
Cloud banking software provider finishing up the year with a bang, partnering with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as new head of product
by Matt Carter Dec 13