‘I’ve never seen anything like this’: 580 Seattle homes have sold for $300K above ask this year

A new Redfin report found that homes in some of America’s largest metro areas sold for well above asking price in the first half of 2021, bucking an established trend. Continue reading

Average homeowner gained $33,400 in equity last year: CoreLogic

The average annual equity gain from Q1 2020 to Q1 2021 for homeowners with mortgages is the highest in at least a decade, according to CoreLogic. Continue reading

Most pandemic homebuyers remained in the same state: Knock

Nearly three-quarters of pandemic homebuyers moved to a new area, and most pandemic homebuyers were millennials or Gen Z-ers, according to a recent study by Knock. Continue reading

Inman Handbook on building teams in a new world

Teams have exploded in popularity in recent years. Now, agents say the pandemic-induced chaos in the economy has only made them more important. Continue reading

Pending-home sales take 4.4% hit in April

In a reversal from the previous month, pending-home sales decreased in all regions except the Midwest, which saw gains of 3.5 percent from March to April. Continue reading

Zillow’s uphill battle to attach mortgages: Mike DelPrete

In 2018, Zillow set itself lofty goals when it entered the mortgage business. Three years later, Zillow’s actual performance is far, far below its predictions, which highlights how difficult the mortgage space is, not just for Zillow, but also for ever… Continue reading

A national home value downturn isn’t in our future. Here’s why

Windermere Chief Economist Matthew Gardner dives deeper into the timeline of events that led to the 2007 crash, comparing then and now. Here’s why he speculates there’s no real reason to expect a widespread, systematic decline in home prices in the for… Continue reading

US home prices soared in Q1 thanks to housing shortage, mortgage rates

Boise, Idaho, experienced the steepest price hikes in the country at 28.2 percent, according to the Federal Housing Finance Agency House Price Index released Tuesday. Continue reading