Author Archives: Daniel Houston

With East Coast merger, United Real Estate adds 1,000 agents

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Five years ago, Pearson Smith Realty had only 17 agents. It has since grown to conduct $4.1 billion annually in real estate transactions. Continue reading →

5 neighborhoods at once? Zillow rolls out new app feature

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Zillow app users can now focus their results to several key locations — from multiple cities all the way down to desired neighborhoods. Continue reading →

Half of Redfin home offers now face no competing bids, new report says

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In the month of June, just under 50 percent of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over two years, the brokerage reported. Continue reading →

Inflation hits migration hotspots hardest, new study says

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Q2 Consumer price growth exceeded 10 percent year-over-year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving. Continue reading →

As buyers balk, some homebuilders dread the months to come

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Builder sentiment dropped at the second-fastest pace of the last two decades as some home construction companies have begun to cut costs. Continue reading →

The long-awaited recovery in home inventory is gaining steam

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The fast-paced cycle of the typical US home sale has begun to slow, paving the way for a recovery of the nation’s depleted home inventory. Continue reading →

Are sellers aiming too high? Price cuts abound throughout the US

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More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading →

Real estate agents should be ‘chief economists’ for their clients

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Armed with knowledge of market trends, agents can earn sellers’ trust and have more leeway to set strategy, top brokers said at Inman Connect Now. Continue reading →

Housing costs eyed as major culprit in latest 9.1% inflation hike

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Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics. Continue reading →