Author Archives: Daniel Houston

DelPrete: Legacy brokerages can no longer dismiss lower-fee models

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For too long, Mike DelPrete argues, legacy brokerages shrugged off their low-fee competitors. Some of those barbs haven’t aged well. Continue reading →

Home sales see typical boost in May to close a sluggish spring

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The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Continue reading →

Builders are back on track. Here’s what that means for real estate

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It wasn’t easy, but builders survived the market downturn without mass layoffs. And they’ve clawed their way back near normal sales levels. Continue reading →

The inventory recovery suffered a setback. Is it just temporary?

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The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading →

Robert Reffkin: Sub-4% mortgages are ‘handcuffs’ for home inventory

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In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3 percent mortgage rate “as a financial asset” — at least for now. Continue reading →

Hiring in real estate ramps up — but lags behind other industries: Labor

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May was a strong hiring month for the U.S. as a whole. But in a down market, real estate didn’t quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics. Continue reading →

Mike DelPrete: Zillow and Redfin’s AI tools aren’t that big a deal — yet

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In an interview with Intel, real estate tech strategist Mike DelPrete laid out how artificial intelligence might change the industry, including real estate search portals, and why we’re not there yet. Continue reading →

JPMorgan CEO: Real estate is going to be a big problem for some banks

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Not every bank is at risk, JPMorgan CEO Jamie Dimon said Monday during an investor conference. But for lenders with more exposure to commercial properties, the months ahead could be tough. Continue reading →

Former radio host for syndicated show pivots to real estate career

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The former radio personality known as “Lady Jade” on “DeDe in the Morning” is starting the next chapter of her career with eXp Realty. Continue reading →

Real estate investors are still at the table — but fewer are bringing cash

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Smaller real estate investors are stepping into the home market even as the big guns scale back. The result? Fewer all-cash investor offers, according to a Realtor.com analysis of deed records. Continue reading →