Nearly 60,000 home purchase contracts were canceled during August, according to Redfin. But real estate agents told Inman that buyer uncertainty and inexperienced new agents are to blame. Continue reading
An Airbnb guest has stayed in a Los Angeles dental surgeon’s guest house for over a year without paying rent — and the owner has no legal basis to evict her. Continue reading
Supposedly fire-resistant homes newly constructed in Calaveras County are being built with magnesium sourced from Canada. Continue reading
The spacious duplex on Manhattan’s Upper West Side sold for $4.5 million under asking after listing over a year ago. Continue reading
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR’s harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships. Continue reading
The Pending Home Sales Index dipped 7.1 percent to a measure of 71.8 between July and August, according to NAR. Continue reading
A New York State judge found that the former president and his associates deceived banks, insurers and others by massively overvaluing his net worth. Continue reading
The value of U.S. housing has reached a new peak of slightly under $52 trillion in the past year and is up 49 percent from the start of the pandemic, according to Zillow. Gains were driven in large part by an increase in new construction. Continue reading
Sales of newly built homes dropped 8.7 percent in August to a seasonally adjusted annual rate of 675,000. Continue reading
U.S. home prices climbed 0.6 percent between June and July and reported an annual increase of 1 percent, erasing earlier declines. Continue reading