Homes are sitting longer and not just because of mortgage rates
As of March, the typical US home took 47 days to sell, the longest stretch in 6 years. Those longer stretches on the market tend to discourage competition, a Redfin report found
by Richelle Hammiel Apr 17
Bay Area, NYC buyers drive bidding wars as market shifts loom
In 8 of the nation's largest metros, there was an uptick in homes that sold above asking price last month -- half of those metros in the Bay Area or New York, according to a Redfin report
by Richelle Hammiel Apr 1
Onity restructures debt and has most profitable year since 2013
After posting $33M in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations tech that handles a majority of its customer inquires
by Matt Carter Feb 14
Fox News star Sean Hannity buys $23.5M Florida oceanfront estate
Sean Hannity's new home offers dual waterfront views with 150 feet of frontage on the Atlantic Ocean and the Intracoastal Waterway, according to the property's listing
by Richelle Hammiel Dec 4
Back-to-back storms tank pending home sales in Florida
Pending home sales in key Florida markets fell by the double digits in October and November, as the aftereffects of hurricanes Helene and Milton stifle buyer activity
by Marian McPherson Nov 19
Trump appoints Steven Witkoff as Special Envoy for the Middle East
US President-elect Donald Trump has appointed longtime ally and real estate investor Steven Witkoff as his Special Envoy to the Middle East, his team announced on Tuesday
by Richelle Hammiel Nov 13
More and more homes are languishing on the market
In August, nearly half of all US homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales
by Jim Dalrymple II Sep 25
Broker Spotlight: Matthew Villetto, Douglas Elliman
Learn how this new development expert got his start and what he's predicting for the year ahead, including commercial conversions and branded rentals
by Christy Murdock Sep 5
Pending starter home sales soar as first-time buyers return to market
Pending sales of starter homes surged 10.2% in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin
by Richelle Hammiel Aug 26
JLo, Affleck, making real estate deals as divorce rumors swirl
Rumors surrounding the couple's split have grown in recent months. Affleck has now purchased his own $20.5M home in LA while Lopez has sold an apartment for $23M in Manhattan
by Lillian Dickerson Jul 31
Palm Beach, a suburb? Not likely, residents say
Residents were taken aback when GoBanking.com recently categorized the luxury haven as a 'suburb.' Local agents agree that Palm Beach is 'a category by itself'
by Lillian Dickerson Jul 24
The key to fixing the world's home affordability mess is in front of us
Opinion
The one-two punch of government action and private sector innovation is the right formula for fixing the affordable housing mess, which has grown into a global epidemic, writes Brad Inman
by Brad Inman Jun 13
Sean Hannity parts ways with Long Island home for $12.7M cash
The conservative talk show host listed the property in May, and it went under contract within one week. A fan reportedly purchased the home, as well as its furniture and books from the library
by Lillian Dickerson Jun 12
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
Sellers are cutting prices at record pace to combat softening demand
Sluggish homebuyer activity has pushed sellers to slash prices at a rate unseen since November 2022, according to Redfin. The median asking price fell for the first time in 6 months to $416K
by Marian McPherson May 30