Home price declines leave 450,000 borrowers underwater

Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor. Continue reading

Woman claims free speech violated following mobile home crackdown

Chasidy Decker was forced out of her Meridian, Idaho, mobile home because it was parked in a residential neighborhood, which violated city codes. Now she’s suing the city because its action left her unhoused. Continue reading

Opendoor faces ‘existential’ crisis as iBuying fights for survival

The company recently reported a nearly billion-dollar loss and has now dramatically rearranged its executive lineup as the cash-buying sector contends with a slowing market. Continue reading

Homebuilders avoid mass layoffs as brokerages post big hiring month

Sales of new homes have suffered, but plenty of projects remain active. Homebuilders have yet to make steep cuts to their payrolls, according to the U.S. Bureau of Labor Statistics on Friday. Continue reading

Homes for sale were pulled from the market at record pace in November

In the biggest decline in active listings since at least 2015, an average of 2 percent of all U.S. homes for sale were delisted during a 12-week period ending Nov. 20, according to data released Friday by Redfin. Continue reading

Pending sales fell in October for the fifth month in a row

Rising rates and nervous consumers have set up the housing market for its “slowest fourth quarter in a decade,” according to one economist. Continue reading

CoStar cuts 100 jobs amid Homes.com restructuring

The cuts are part of an effort to integrate Homes.com with Homesnap and come at the tail end of a year in which CoStar has moved aggressively into the residential real estate sector. Continue reading

Home tours plummeted by half this year in Western states

Nationwide, home showing activity in October was down 27 percent year over year. In the West, the drop-off was nearly twice as steep. Continue reading

‘Bet on the Midwest’: Zillow’s 2023 housing market predictions

The listings giant predicts a surge of interest in Midwest markets and a new crop of first-time landlords among other items. Continue reading