Disney outlines plans for 4,000-home North Carolina community

Dubbed Asteria, the 1,500-acres development will include a mix of single-family homes, condos, duplexes and apartments. Continue reading

Keller, Compass, eXp: Inman Top 5

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading

Lennar profits fall 56% as affordability pressures hit new home sales

Lennar earnings highlight ongoing housing market strain as profits plunge 56 percent amid high mortgage rates and softer home prices. Continue reading

Homebuilders’ rate buydowns are leaving buyers underwater: WSJ

The American Enterprise Institute estimates that 64 percent of homes sold by the largest homebuilders provide permanent mortgage rate buydowns, which often don’t count as seller concessions. Continue reading

Opendoor CEO Carrie Wheeler resigns under pressure from investors, co-founder

After months of investor criticism, Carrie Wheeler has resigned as Opendoor CEO. A search for a new CEO is now underway as Shrisha Radhakrishna takes the reins in the interim. Continue reading

Brookfield Properties said to be acquiring Divvy Homes in ‘fire sale’

Valued at $2 billion in 2021 Series D funding round, rent-to-own company Divvy Homes had endured several rounds of layoffs before launching a subscription-based credit building service last year. Continue reading

On the verge of going private, Doma Holdings is still in the red

San Francisco-based title tech provider, set to be acquired by Title Resources Group, posts a $20.6 million Q1 2024 net loss, down 46 percent from a year ago. Continue reading

Lennar fights high home prices with 3 new mid-range models

The homebuilder announced today the release of three new affordable floor plans for homebuyers in California’s Central Valley. Real estate agents in Shafter, Fresno and Clovis will be able to recommend the mid-$300,000 homes after the New Year. Continue reading

‘$100K jail cell’: Social media drags price point of Texas tiny homes

Is this mini-floorplan a sign of “shrinkflation” in housing? This month, the internet weighed in on Lennar’s idea of affordability at a tiny-home community in San Antonio. Continue reading