Redfin’s Glenn Kelman has a theory on why housing prices are plunging

Investors, including iBuyers, that entered the housing market in 2020 and 2021 are at least partly to blame for the dramatic price correction playing out in 2022, Kelman said in a new interview. Continue reading

The number of US billionaires grew in 2022. Here’s where they live

Not surprisingly, America’s billionaires are largely clumped in coastal cities, according to a new analysis showing where they are located in 2022 and how that changed from 2021. Continue reading

These are the 15 best real estate companies to work for in 2022

Last week, “Fortune” and Great Place to Work released a list of the 35 Best Workplaces in Real Estate in 2022. Zillow, Opendoor and Pacaso were all near the top of the list. Continue reading

Is it a housing bubble? Nearly 68% of housing markets are overvalued

Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices. Continue reading

The average Canadian home now costs double what it does in the US

Between 2020 and 2022 Canadian home prices have surged 30 percent — an increase described as “nothing short of stunning” by economist Robert Hogue in a report for the Royal Bank of Canada. Continue reading