Home offers facing competing bids have plunged over the past 6 months

Fewer homebuyers are facing even a single competing offer. And when buyers find themselves in bidding wars, the field is less crowded, according to a report from Redfin. Continue reading

EXp nabs high-performing Engel & Völkers team in Utah’s Park City

The Lawson team works with high-end properties in Park City and other Utah communities. The team’s jump to eXp is the latest in an ongoing trend of teams migrating to the techie brokerage. Continue reading

Home price growth is scaling back, but not everywhere at once: NAR

Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in the second quarter, but overall numbers point to a housing market in the opening stages of a cooldown, according to a report. Continue reading

Mark Cuban thinks metaverse real estate is ‘the dumbest’ thing ever

The billionaire investor and NBA franchise owner thinks buying virtual plots of land in a crypto-fueled metaverse is dumb. Like “super, meta, immaculately dumb.” Continue reading

Loan applications for home purchases continue 6-week slip

Purchase loan activity has dropped in five of the last six weeks as some buyers remain wary, according to the Mortgage Bankers Association. Continue reading

More modular? Dvele secures $15M to power up robotic construction

Dvele has an array of home styles available from the 3,523-square-foot Trinity to the 888-square-foot Angora Modern Cottage. All customization for each floor plan is done via its web-based ordering system, which will be expanded by the most recent fund… Continue reading

Homeward sheds 20% of workforce amid ‘sudden and sizable’ downturn

Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company’s “buy with cash” product, according to a spokesperson. Continue reading

Housing ever costlier in July, despite inflation’s sudden dropoff

A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5 percent year over year, says a report from the U.S. Bureau of Labor Statistics. Continue reading

Zillow launches ‘Zillow Surfing 2.0’ nationwide to automate floor plans

Zillow is branding around the idea of “Zillow Surfing,” the consumer habit of using the site’s extensive listing content as a time-killer and a way to scroll through what else is out there. Continue reading