Author Archives: Daniel Houston

Locked in, or misinformed? How seller’s agents can allay client fears

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Homeowners feel locked in and for good reason. But sellers should know the other side of the coin too, agents argued at Inman Connect. Continue reading →

Realtor.com CEO: ‘Zillow took that crown off us — and I want it back’

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During Inman Connect on Tuesday, Damian Eales, Realtor.com’s newly installed CEO, revealed the marching orders he’s received from Rupert Murdoch as he aim to scale the top of the portal game. Continue reading →

What down market? Payrolls are just fine in the brokerage world

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Home transactions may be down, but you wouldn’t know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the U.S. Bureau of Labor Statistics. Continue reading →

Vrbo bookings suffer in Q2 as more travelers opt for hotels in 2023

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The popular vacation-rental platform dragged down the results of its parent company Expedia Group in the second quarter of the year, according to an earnings call Thursday. Continue reading →

What the early ’80s inflation crisis reveals about today’s home market

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The Fed has raised interest rates to fight inflation in the past. A new Intel analysis illuminates the data behind the “rate lock” of the early 1980s and how long it took home sales to eventually recover. Continue reading →

Even CoStar doesn’t think it will unseat Zillow, DelPrete argues

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For all its bluster, CoStar Group likely doesn’t think it can overthrow Zillow to become real estate’s top portal, Mike DelPrete tells Intel. Here’s what the commercial real estate giant is really after. Continue reading →

US economy avoids recession yet again — no thanks to real estate

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With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction. Continue reading →

Home prices rose in May in defiance of down housing market

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Prices rose 0.7 percent from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency. Continue reading →

Redfin CEO: Adjustable-rate loans may push sellers off the sidelines

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In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets. Continue reading →

There’s a ‘magic number’ that moves homes. Will we ever hit it?

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Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations. Continue reading →