Existing-home sales rise for second consecutive month in July

Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading

These are the most expensive states to insure a tiny home

It costs about 242 percent more to insure a tiny home in Oklahoma than across the remaining U.S. states and District of Columbia, according to a new analysis. Continue reading

Demand for second homes drops for second-straight month

Second-home demand fell 21 percent in July from the previous year, according to a report released Tuesday by tech-powered brokerage Redfin. Continue reading

The US is getting more diverse — and moving to the West

Shifts in demographics and geographies will reshape how Americans think of housing, new data from the U.S. Census Bureau shows. Continue reading

IBuyers are paying above market — and reselling for more: Mike DelPrete

Home prices are rising across the U.S., and iBuyers, led by Opendoor, Zillow and Offerpad, are paying record-high, above market values for the homes they’re buying, but they’re also reselling them for more money than ever before. Continue reading

End of foreclosure moratorium could help ease strain on inventory

Owners exiting forbearance later this year and into the next, may avoid foreclosure by listing their homes, if they have enough home equity. Continue reading

Pending home sales fall further than expected in June

Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors’ Pending Home Sales Index, released Thursday. Continue reading

The problem with stock as a recruiting tool for Compass agents: Mike DelPrete

Stock option programs sound good on paper, but as we can see with Compass, the reality varies. The post-IPO performance of Compass’ stock highlights the primary issue with stock as a recruiting tool. Continue reading

Percentage of all-cash home purchases in US soars to 30%

That figure represents the largest share of homes purchased in all-cash since 2014, according to a Redfin report. Continue reading

June home sales see largest decline since 2012: Redfin

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021. Continue reading