Existing-home sales take a U-turn following 2-straight months of gains

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

Multifamily housing starts deliver August surprise; single-family falls

Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3 percent, according to data issued Tuesday by the US Census Bureau. Continue reading

Showingtime’s offer management platform sees surging interest

Real estate professionals in the U.S. and Canada used ShowingTime’s Offer Manager to handle more than 120,000 offers over the past year. Continue reading

Real estate disruptors get serious about mortgage — and vice versa: Mike DelPrete

Real estate tech disruptors are investing billions to build integrated brokerage and mortgage experiences. Some have more resources than others, but all have the same scaling bottlenecks. And in the end, the biggest disruptors — and who is most at risk… Continue reading

Despite cooling housing market, pending sales continue to climb

During the four-week period ending Sept. 5, pending sales rose 6 percent from a year earlier, according to a report released Wednesday by Redfin. Continue reading

Falling home price appreciation threatens iBuyer profits: DelPrete

IBuyers are closer than ever to profitability. But the overwhelming majority of profits are coming from record home price appreciation, which is temporary and appears to be falling.
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The homebuyer in 2021? Middle-aged, married and college educated

Zillow Group’s 2021 Consumer Housing Trends Report breaks down what buyers looked like in 2021, what they wanted most and how that compared to previous years. Continue reading

Pending home sales slump for second-straight month

Pending home sales saw a slight slump in July, dropping 1.8 percent to a Pending Home Sales Index of 110.7, according to the National Association of Realtors. Continue reading

Zillow’s agent revenue lead on realtor.com is slipping: Mike DelPrete

Historically, Zillow has maintained a consistent 2.5x agent revenue lead over realtor.com, but in the past quarter that lead has slipped, as realtor.com grew its agent revenues much more than Zillow. Continue reading