How much is a typical luxury home? $750K in Buffalo, $5.3M in Cali

For about the last four years, home price growth in the overall market outpaced growth in the luxury sector every month. But since January 2024, that trend has reversed, Zillow reported. Continue reading

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 a report from CoreLogic. Continue reading

Tyler Mount on real estate and life: ‘Authenticity wins’

Tyler Mount, a three-time Tony award winner and marketing company founder with career billings of $7 billion did not mince words when he talked about the importance of authenticity at Inman Connect Las Vegas. Continue reading

Rocket says AI helping it grow capacity and keep expenses flat

With second quarter net income up 28 percent to $178 million, CEO Varun Krishna says Rocket is making “significant investments in data leadership and infrastructure.” Continue reading

RFK Jr. at ICLV: Homeownership is the engine of the middle class

The Kennedy family scion and presidential contender also argued Thursday at Inman Connect Las Vegas that democracy depends on people maintaining “a posture of fierce skepticism.” Continue reading

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 value of being in lending “in a very selective way.” Continue reading

‘Reality’ is a misnomer when it comes to real estate TV shows

Ben Belack of “Buying Beverly Hills” and Ernie Carswell of “Kendra Sells Hollywood” shared with Inman Connect Las Vegas attendees the nitty-gritty of being on reality TV. Continue reading

Opendoor’s revenue declines as losses also grow in second quarter

The iBuyer’s revenue declined 24 percent year over year to $1.5 billion as losses hit $92 million, down from positive income of $23 million the previous year. Continue reading

Courted, Inspectify, LPT Realty take top Inman Innovators honors

Inman honored 12 individuals and companies at its 26th annual Innovator Awards on Thursday, including awards for company, brokerage and innovator of the year. See the full list of winners. Continue reading