The current problem seems to be unique to Zillow. Other iBuyers saw the signals and made adjustments while Zillow kept on buying; either it missed the signs or proceeded anyway. Regardless, it’s a timely reminder that growing an iBuyer business is chal… Continue reading
A new study by Redfin found that in the areas impacted by California’s five largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets. Continue reading
Compass’ growth over the past three years has been remarkable. It is one of the fastest growing real estate brokerages of all time — yet its stock price continues to decline. Continue reading
The majority of respondents in a recent realtor.com survey said the threat of a natural disaster played a role in where they looked for a new home. Continue reading
The median asking price of newly listed homes for sale surged 12 percent year over year to a record high of $361,250, according to a new Redfin report. Continue reading
U.S. home price growth soared 19.7 percent in July, extending an unprecedented 14-month streak of unfettered increases. Continue reading
Clubhouse used to be one of the hottest networking apps out there. But now that the hype has died down, Inman asked agents if it was still a platform worth their time. Continue reading
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5 percent from the revised July rate, according to the U.S. Census Bureau. Continue reading
Existing-home sales declined 2 percent between July and August to a seasonally adjusted annual rate of 5.88 million, with all geographical regions in the US seeing monthly and annual declines. Continue reading
As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight Continue reading