US homebuyer down payments reach new record, outpace prices
In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
by Richelle Hammiel Aug 28
OpenAI leaves San Francisco HQ after Elon Musk stops paying rent
The move follows a public rift between the CEO of Tesla and the maker of ChatGPT. Musk had previously been paying rent for OpenAI's headquarters.
by Taylor Anderson Aug 27
US home prices rise 0.2% in July, slowest growth since January 2023
The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday
by Richelle Hammiel Aug 20
$1M homes hit all-time high in US
A record 8.5% of all US homes are worth $1M or more, up from 7.6% last year and 4% before the pandemic, according to a new Redfin analysis. California is adding them faster than other states
by Lillian Dickerson Aug 16
Tech companies that could smooth out a rough 2024
Opinion
In what's turning out to be a pivotal year for real estate, a few software companies have emerged to speed up search, improve internal operations, build custom apps, improve sales skills and more
by Craig C. Rowe Aug 16
'Fix-and-flip' loans are going mainstream with investors
Kiavi has packaged up more than $5.1B in 'residential transition loans' for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was bumped up to $400M
by Matt Carter Aug 13
'Hidden' homeownership costs locking potential buyers in place
Households have deferred moving, partially due to high 'hidden' homeownership costs such as property taxes, insurance and climate change, according to a report
by Richelle Hammiel Aug 7
Mixed-use development delayed 18 months after radioactive findings
The US Navy will expand a toxic remediation project at the Hunter's Point Shipyard after radioactive findings at the site
by Richelle Hammiel Aug 5
Average buyer's agent commission has fallen since NAR settlement
Redfin's latest report revealed the average buyer's agent's commission percentage has declined in 47 of the 50 largest markets since NAR's March settlement
by Marian McPherson Aug 2
High mortgage rates cool down prices in these US metros
Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to CoreLogic
by Richelle Hammiel Aug 2
Citron founder Andrew Left charged with stock manipulation
A longtime thorn in Zillow's side, Left and Citron Capital LLC are accused by DOJ and SEC of profiting by taking positions in companies that were the opposite of what they told investors to do
by Matt Carter Jul 26
Number of US cities where starter homes cost $1M spiked since 2019
California is home to nearly half of all cities where it costs at least $1M to buy a starter home. Nationwide, 237 cities are now 'million-dollar' cities, according to a new report from Zillow
by Taylor Anderson Jul 25
Sidekick, OneKey MLS agree to new tech partnership
Spun out of a tech-forward indy brokerage, Sidekick is making inroads via MLS to spread the power of artificial intelligence as a daily work tool
by Craig C. Rowe Jul 22
OpenAI CEO sues developer over $27M 'lemon' he bought in 2020
OpenAI boss Sam Altman sued embattled developer Troon Pacific over shoddy workmanship that allegedly included defects in a pool's waterproofing and a so-called 'Batcave,' according to reports
by Richelle Hammiel Jul 22
Despite declines, rents are still $305 higher than pre-2020 trends
Despite 11 months of declines, Realtor.com said the typical renter is paying $305 more monthly for an apartment compared to 2019. The greatest rent increases are in Florida and the Midwest
by Marian McPherson Jul 18