Investors purchased a record 18.2 percent of U.S. homes, amounting to a new high of $63.6 billion in homes during the third quarter of 2021, according to a new Redfin analysis released Monday. Continue reading
The Seattle-based brokerage launched its iBuyer service in the Charlotte and Raleigh metro areas. Continue reading
Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading
A new report shows that cities in the South and West don’t have enough housing, while expensive metros might have too much. Continue reading
“There is no middle class any more,” one industry leader said of working in real estate this year. “You’re either crushing it or you’re struggling.” Continue reading
A new study from the Urban Land Institute shows that middle-income households of frontline workers are being impacted most significantly by exacerbated housing shortages as a result of the pandemic. Continue reading
iBuyers purchased 0.3 percent of all homes sold across 418 U.S. metro areas analyzed by Redfin during the fourth quarter of 2020, down from 0.8 percent of all homes sold the year before. Continue reading
The total property taxes levied on single-family homes in 2019 increased by 1 percent from 2018, the smallest increase in the past three years. Continue reading
House flips reached their highest point since 2006 last year, but the business of home flipping saw its worst year since the Great Recession, with returns hitting an 8-year low. Continue reading
House flips reached their highest point since 2006 last year, but the business of home flipping saw its worst year since the Great Recession, with returns hitting an 8-year low. Continue reading