Tag Archives: Phoenix

How the luxury housing market became invincible in 2021

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Luxury real estate agents reported having record years, and high-end properties have grown to become a larger and larger share of the overall market this year. Continue reading →

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

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A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory “fairly conspiratorial,” and iBuyers themselves said they still have a tiny share of the market. Continue reading →

Annual apartment rent growth, occupancy hit new highs in July

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The new highs surpassed records set between 2000 and 2001. As of July, the average monthly apartment rent in the U.S. hit $1,549. Continue reading →

What agents should know about working with institutional investors

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Formerly a commercial real estate agent, Dan Noma, Jr. has focused his work on institutional investors for more than a decade. Here, he shares what he’s learned and why agents should consider this sector of the industry. Continue reading →

Investor home purchases exceed pre-pandemic levels, hit record high

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Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading →

Americans still want to relocate — even as pandemic fears dwindle

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The number of Redfin.com users who searched for a property outside of where they currently live rose to 31.1 percent during the second quarter, up from 27.6 percent the year before. Continue reading →

Phoenix sees biggest housing shortage, NYC biggest surplus

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A new report shows that cities in the South and West don’t have enough housing, while expensive metros might have too much. Continue reading →

Love that pre-war architectural charm? Head to the East Coast

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Buyers can get pretty opinionated when it comes to a home’s age and architectural style. Here’s a breakdown of where the country’s oldest and newest homes are located, and everything in between. Continue reading →

Inventory insanity: The secret economic forces fueling the housing shortage

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Many consumers may not realize it, but they’re increasingly competing against institutional investors and contending with soaring building costs. Continue reading →