Offerpad stays profitable for second quarter in a row

The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday. Continue reading

Shared equity platform Point to launch down payment product

New offering will provide up to 15 percent of a home’s purchase price to put toward a down payment, helping buyers qualify for pricier homes and avoid private mortgage insurance. Continue reading

NAR heads into midyear gathering while under siege on multiple fronts

The National Association of Realtors, which boasts 1.5 million members, will tackle real estate’s hottest topics a week after suffering a series of legal setbacks in court. Here’s a breakdown of the agenda. Continue reading

Most homebuyers ready to make an offer 3 days after showing: Survey

One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America’s annual Homebuyer Insights Report released Thursday. Continue reading

For the dogs: The 20 most pet-friendly cities in America, ranked

Seventy-two percent of dog owners would consider moving to a home that is better suited for the needs of their pet, according to new data from Zillow and Rover released on Tuesday. Continue reading

Inman Connect returns: Big parties, tech’s reckoning and a Zillow pile-on

The event wrapped up this week after a two-year, pandemic-forced hiatus — and highlighted all the ways the real estate industry is still evolving. Continue reading

Zillow changes tune on 2023 home values and sales. Here’s why

Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Continue reading

EXp hits 80K agents, anticipates surpassing 100K by end of the year

As the online real estate brokerage surpassed 80K agents on Wednesday, Glenn Sanford also said at Inman Connect New York that Zillow is a competitor of companies like his. Continue reading

Zillow adjusts Premier Agent pay plan with eye toward culling ranks

The shift will take place in Denver and Raleigh, and will eventually see hundreds of agents removed from the lead generation program, Zillow executives told Inman on Wednesday Continue reading