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
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
The situation will certainly change with Zillow exiting the market and seasonality kicking in during Q4 2021. But for the time being, iBuyers have never been bigger, and Opendoor is now left as the undisputed category leader. Continue reading
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
EXp founder Glenn Sanford said his company should have half a million agents in five years. We asked some experts if that was realistic. Continue reading
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
Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com released on Wednesday showed. Continue reading
Zillow announced Tuesday that it is exiting its iBuyer business, Zillow Offers. After racking up over $1 billion in losses over 3.5 years, Zillow is closing the business down, a move that has significant implications for the real estate industry. Continue reading
Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said. Continue reading
The S&P/Case-Shiller U.S. National Home Price Index remained virtually unchanged since July, when gains rose 19.7 percent while continuing a 15-month streak of upward growth. Continue reading