Disparity in mortgage rates offered by lenders doubled in 2022: Study

Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to research by Freddie Mac. Continue reading

Nearly two-thirds of brokerage sites aren’t displaying commissions

Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined. Continue reading

‘My clients were flabbergasted’: Cool markets heat up ahead of spring

Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman. Continue reading

Zillow sees revenue dip in Q4, but manages to trim losses

The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon. Continue reading

Ex-rivals Opendoor and Zillow debut new partnership in Atlanta, Raleigh

Homeowners in Raleigh and Atlanta can ask for a cash offer from Opendoor and get an estimate from Zillow about what their home might sell for on the open market. Continue reading

Cost cutting and existentialism: What to expect from earnings

Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading

Single renters pay a nearly $7,000 ‘singles tax’ to live alone: Zillow

The “tax” varies widely depending on the market with renters in expensive markets, such as New York City paying up to $19,500 more in rent annually. Continue reading

Homebuyer dollar stretching further as rates drop: Zillow

As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading

Home showings dip in December, but slowdown may be easing

Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels. Continue reading

Minimum wage workers need at least 4 jobs to pay rent in some cities

Even the most expensive cities — which typically have higher minimum wages — are more affordable than those with $7.25 an hour minimums, according to data released Tuesday by Zillow. Continue reading