Zillow unveils affordability tool that prioritizes buyers’ monthly budget

Announced on Monday, the new filter enables users to search for homes within a range of monthly mortgage payment prices that fit their budget, instead of just listing prices. Continue reading

Home sales are cooling — but the competition is red hot. What gives?

New listings plunged 21.8 percent from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin. Continue reading

New York City hot dog icon Papaya King saved following Extell eviction

The 91-year-old hot dog stand — once thought to be doomed — will instead move across the street after its building was purchased by a developer Extell Development and founder Gary Barnett. Continue reading

As an agent I was ‘attacked’ by the hacker OBN. Here’s what happened

Miami agent and model Kay Jenkins was targeted by the Instagram hacker OBN. She revealed to Inman how she lost $10K in the ordeal, and what other agents can do to prevent a similar attack. Continue reading

Cash deals hit all-time high in Manhattan as sales plummet 38%

The average sale price for a home in Manhattan fell 5 percent to $1.95 million while the median sale price fell 10 percent to $1.075 million, according to a quarterly market report by Douglas Elliman and Miller Samuel. Continue reading

‘My phone is ringing’: Homebuyer demand soars to 9-month high

Mortgage applications increased 2 percent from a week earlier, marking the fourth week of increases, while purchase applications rose 19 percent from a month earlier, according to data released Friday by Redfin. Continue reading

Brad Pitt offloads LA estate for $39M in off-market deal

Pitt began shopping for a buyer at a $40 million asking price in January, according to reports. The home, he purchased from actress Cassandra Peterson “Elvira,” was never publicly listed. Continue reading

Pending sales increase 3rd-straight month as prices cool: NAR

“Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months,” said NAR’s Lawrence Yun. Continue reading

West Coast hit hardest as US home prices cool for 7th-straight month

Nineteen cities out of 20 tracked by the S&P CoreLogic Case-Schiller Index posted monthly declines in January, with the biggest decreases seen in San Francisco, Seattle and San Diego. Continue reading

First Citizens BancShares to acquire SVB in FDIC-brokered deal

The deal includes the purchase of approximately $72 billion in loans at a discount of about $16.5 billion, along with the transfer of all of the bank’s deposits totaling about $56 billion, according to the FDIC. Continue reading