'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
Investment firm loses former Trump hotel to foreclosure auction
Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375M with a $285M loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt
To mortgage or not to mortgage? That is the question (for brokers)
HomeLight CEO Drew Uher says he's glad to be out of the mortgage business. Fathom CEO Marco Fregenal sees the value of being in lending 'in a very selective way' to help agents close deals
by Matt Carter Aug 1
Commercial market bottom nears as foreclosures surge
Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5B during Q2 2024, the highest quarterly figure posted since 2015, according to MSCI
by Lillian Dickerson Jul 29
Zavvie's power buyer suite for mortgage lenders is catching on
More than 7,500 loan officers in all 50 states have access to cash offers that can be approved in as little as an hour; NEO Home Loans, American Financial Network are among the biggest partners
by Matt Carter Jul 16
President Biden's 5% rent cap falls flat with industry leaders
President Biden proposed the idea of a 5% rent cap for corporate landlords with at least 50 units on Tuesday. However, industry leaders say caps rarely result in lower housing costs for renters
by Marian McPherson Jul 16
Appeals court denies NAR rehearing request of DOJ probe
The latest order by a court of appeals in Washington, DC, means the DOJ is free to reopen its investigation into the National Association of Realtors
by Taylor Anderson Jul 15
Zillow, Redfin: Northeast and Midwest rental prices surging
Some Northeast and Midwestern markets saw double-digit increases in median asking rent, according to new data released Tuesday
by Richelle Hammiel Jul 11
Kevin Sears opens up about NAR, the DOJ and a hectic year of travel
In his 6 months as president, Sears has racked up time in Washington with the DOJ, focused on the trade organization's future and traveled — a lot. He shared his takeaways with Inman ahead of ICLV
by Taylor Anderson Jul 9
Realtor.com parent sues CoStar Group, claiming theft of portal data
‘Competitors should never be allowed to cheat and steal to get ahead,’ Move, Inc. attorneys claim in a new suit alleging an ex-Realtor.com employee maintained access to the data while at CoStar
by Taylor Anderson Jul 3
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27
National rents hit highest level since 2022 despite more inventory
The median United States asking rent rose 0.8% year over year in May to $1,653, the highest it's been since October 2022, according to data from Redfin
by Ben Verde Jun 11
Flyhomes joins portal wars with launch of AI-powered search
Cash-offer pioneer Flyhomes will partner with agents to expand nationwide after acquiring AI technology from ZeroDown and hiring co-founders Laks Srini and Abhijeet Dwivedi
by Matt Carter Jun 11
Want a life of luxury? The 10 cities where it's a relative bargain
Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely
by Lillian Dickerson May 31