10 US states where the sales-to-list gap for homes is widening the most

West Virginia boasts the largest number of homes currently selling below list price, according to an analysis of Zillow data from the past 12 months from luxury real estate brokerage RubyHome. Continue reading

Redfin’s iBuyer expands into Florida among the hottest US markets

RedfinNow is operational in the Orlando and Tampa areas as of this week and will launch in the Palm Beach and Miami areas later this month, with Florida marking its 16th state in 34 markets. Continue reading

Great Reshuffling revived as record number of buyers chase new metros

A record-high 33.7 percent of homebuyers sought to move from one metropolitan area to another in July, up from 32.6 percent in the second quarter of 2022, according to a report from Redfin released on Thursday. Continue reading

Kentwood Real Estate partners with zavvie for new iBuyer program

Kentwood Advantage aims to provide more options to homesellers and homebuyers in Colorado, maximize their profits and find the best way to win offers, according to Kentwood. Continue reading

What crash? Housing market may already be headed for a soft landing

In an Aug. 8 video to agents sure to cause a stir, Altos Research founder and CEO Michael Simonsen posits that the worst the industry may face is a contraction, not a crash. Continue reading

US foreclosure activity ticks down in July, sliding 4%, data shows

Figures released Wednesday by Attom show a total of 30,358 properties with foreclosure filings in July. Despite the slight drop, foreclosure activity is still up 143 percent from the same time last year.  Continue reading

Stalemate: Listings are lingering a little longer as housing market cools

The share of homes listed for 30 days or longer increased 12.5 percent in July compared to a year earlier, with 61.2 percent of homes now sitting on the market for a month or longer, according to Redfin. Continue reading

Homebuyer activity shows pulse as mortgage rates dip below 5%

Redfin’s Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in five weeks, according to new data released Monday. Continue reading

The Agency taps former Compass exec as Los Gatos managing director

Jeff Barnett brings 30 years of real estate experience to his new role as managing director in Los Gatos, California, most recently serving as vice president and managing director at Compass. Continue reading

Mynd: Single family rentals, a part of the rethought American dream

Doug Brien, the company’s founder and chief executive officer, said at Inman Connect Las Vegas on Thursday, he believes that the American dream centered around homeownership is outdated. Continue reading