Homebuyer sentiment falls for the 8th month in a row to all-time low

Only 16 percent of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it’s a good time to sell also fell, according to new data released Monday. Continue reading

Homesellers are slashing prices. Here’s how to spot deals right away

Homebuyers searching for price cuts on search portals are sure to get lucky if they check on this specific day of the week and check back again after 3 weeks, according to a new analysis by Zillow. Continue reading

Homebuyers and sellers have a ton of misconceptions, new poll shows

Homebuyers and sellers are struggling to keep up with the rapidly shifting market, according to a Zillow survey of real estate agents, which found many believe home prices will fall steeply in 2023. Continue reading

Opendoor is where Zillow Offers was a year ago: Mike DelPrete

Exactly one year ago, Zillow Offers was in a similar position to the one that Opendoor now finds itself in and shut down its operations. Mike DelPrete offers insight into the path forward for Opendoor and why it might be different this time around. Continue reading

US hiring remains strong, but other sectors outpace real estate

Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn. Continue reading

‘Is now a good time to buy a home?’: Here’s how to answer

It’s the question everyone is asking right now, and the answer depends in part on your knowledge of the market and in part on the client’s personal perspective. Jimmy Burgess talks to David Childers, president of Keeping Current Matters, to determine h… Continue reading

October saw active listings grow even as new homesellers declined

The month saw active listings grow at a rapid pace even as new homesellers declined annually for the fifth straight month, falling 15.9 percent, according to a report. Continue reading

RE/MAX hangs onto slim profit in Q3 amid housing downturn

Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday. Continue reading

Opendoor lost nearly $1B in Q3 in ‘once-in-40-years market transition’

In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That’s up from a loss of just $57 million during the third quarter of 2021. Continue reading

‘Great Reshuffling’ could impact elections in Arizona, Nevada: Redfin

Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020. Continue reading