2021 on pace to tally biggest year in existing-homes sales since 2006

Inventory across all housing types fell 0.8 percent from the month previous and 12 percent year over year to 1.25 million units. Nonetheless, home sales are expected to exceed 6 million by the end of the year. Continue reading

Rental property startup Doorvest unveils selling arm and $39M round

The funding round will help the rental homeownership startup add hires, expand into new Sun Belt markets and invest in its product and technology, according to an announcement. Continue reading

How do male luxury agents stay svelte? Hint: Don’t rule out Spanx

Luxury agents will tell you there’s an expectation to maintain an appearance that evokes a particular lifestyle. Will Spanx for male agents be the next step? Continue reading

It takes LeBron James 16 hours of work to afford a home. Conor McGregor can buy 1 in half the time

Multimillion-dollar salaried athletes like Stephen Curry and Tiger Woods can save up enough money for the average-priced American home within a few hours, a new study shows. Continue reading

Housing starts dip modestly in October amid supply chain issues

Privately owned housing starts dipped 0.7 percent in October while single-family housing starts dropped 3.9 percent, according to U.S. Census Bureau residential construction data Continue reading

@properties to acquire Christie’s International Real Estate

The long-term brand license agreement is expected to close on Dec. 1 and will position Christie’s for “accelerated growth under the leadership of an industry expert,” Inman can exclusively report. Continue reading

Real estate investors bought record-breaking number of homes in Q3

Investors purchased a record 18.2 percent of U.S. homes, amounting to a new high of $63.6 billion in homes during the third quarter of 2021, according to a new Redfin analysis released Monday. Continue reading

In the end, Elon Musk hired agents to sell his final ‘earthly possession’

After putting San Francisco home on market without the help of an agent, the SpaceX CEO relented, tapping Mary and Brent Gullixson of Compass to sell last property in his portfolio. Continue reading

@properties CEO on the ups and downs of being an indie brokerage

“Cards get stacked against indies,” said Thad Wong, @properties co-founder and CEO, during Connect Now when discussing the challenges of being an independent brokerage. But he also explained why he wouldn’t have it any other way. Continue reading

Builder confidence soars as demand overshadows supply chain issues

Despite shortages of materials, lots and labor, consumer demand beat expectations, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Continue reading