Politics are polarizing — and they’re impacting where people want to live

From how well an area’s politics jibe with an individual’s own to how a place has handled the pandemic, politics are influencing where people want to live, according to Zumper. Continue reading

Grant Cardone: Real estate is in ‘a super cycle of super cycles’

Financial guru and real estate investor Grant Cardone described the current real estate market as experiencing a “super cycle” onstage Thursday at eXp Realty’s Las Vegas gathering EXPCON. He also said that “real inflation” hasn’t arrived but is coming. Continue reading

Seasonality is back, iBuying is alive, and other big earnings takeaways

This week saw a flood of real estate company earnings reports. Overall, they indicate the market is well-positioned and maybe returning to some semblance of normalcy. Continue reading

Recent pullback in mortgage rates lifts outlook for home demand

A monthlong upswing in mortgage rates came to a halt in the past two weeks, with rates for 30-year loans retreating back below 3 percent. Continue reading

Offerpad sees surging growth in Q3 across revenue, profits, homes sold

The company’s CEO Brian Bair was able to offer shareholders reassurance in the wake of Zillow’s iBuying flop by providing hard data to show that Offerpad’s business model is working. Continue reading

Fathom reports major double-digit growth in revenue and agents in Q3

End-to-end real estate services platform Fathom said investments in future growth drove a $3.4 million Q3 net loss, despite double-digit growth in revenue, real estate transactions and agent count. Continue reading

Compass sees both revenue and losses rise in 3rd quarter

The brokerage brought in $1.74 billion between July and September, but also lost $100 million — way up from both last year and one quarter earlier. Continue reading

Keller Williams sees transactions dip, volume rise in Q3 — but no word on IPO

The company’s latest earnings report reveals that the coronavirus pandemic is still impacting the housing market. Continue reading

US sees 8th record-breaking month of high-speed sales

Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com released on Wednesday showed. Continue reading

Home prices see double-digit price surge across almost 80% of metros in Q3: NAR

The median sales price of single-family existing homes increased in 99 percent of the 183 markets measured by the National Association of Realtors, while 78 percent of markets saw double-digit price gains. Continue reading