Builder hiring ramps up while real estate brokerages keep pace

Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics. Continue reading

Mosaik rolls out AI-backed home search as stand-alone product

Collaborative, AI-backed home search that allows buyers, agents and family members to browse and consider options in unison based on a “wishlist” is now available to enterprise accounts. Continue reading

Average homes sell above asking price for first time since last year

The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday. Continue reading

Propy rolls out AI update aimed at improving workflow and security

The blockchain and Web3 advocate said its artificial intelligence-enhanced and optical character recognition-backed update will increase workflow efficiency and augment data dissemination. Continue reading

Manhattan luxury-condo sellers are giving in to buyer demands

Even as transactions are going through for higher-priced condos and apartments, sales in the lower price tiers have been drying up. Continue reading

A first-time buyer in WW2, client becomes homeowner again at 100

The North Carolina centenarian, who bought her first home in the 1940s, is settling in at the “lovely house” where she’ll live with her son, news station WSOC-TV reported. Continue reading

8% of buyers got down payment help from family this year: Survey

A new survey of 1,700 real estate agents this spring found that homebuyers in the Northeast and in Southern California were the most likely to get financial help from their family. Continue reading

DOJ: Ron DeSantis’ foreign-buyer property ban in Florida is unlawful

Department of Justice officials claimed last week the bans on some foreign citizens buying property in Florida violate the Fair Housing Act and the U.S. Constitution. Continue reading

New listings plummet 27%, marking biggest annual fall since pandemic

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher. Continue reading

Home prices ticked up in April as market faced a mixed bag

One new figure shows home prices rose in April compared to March but fell year over year. Economists, however, are fairly upbeat. Continue reading