Federal layoffs are fueling an inventory surge in nation’s capital

Active listings in Washington, D.C., have surged 25.1 percent year over year, the largest jump on record and nearly double the national increase of 14.2 percent, new Redfin data released Wednesday shows. Continue reading

$18.5M in fines imposed on former Wells Fargo execs prove elusive

Under new leadership, OCC settles actions against two executives tied to 2016 scandal for $150,000 and won’t say if it will defend court challenge of $10 million fine in a third case. Continue reading

Home-sale prices dipped in 11 metros as buyers show caution

As of April 20, home-sale prices fell across 11 U.S. metro areas, marking the first time this many markets have seen year-over-year declines since September 2023, data released Thursday by Redfin found. Continue reading

Concessions surge as homesellers offer sweeter deals in sour markets

In the first quarter of the year, 44.4 percent of homesellers included concessions in their deals, just shy of the record 45.1 percent seen at the start of 2023, according to new data released Monday by Redfin. Continue reading

Home price appreciation seen as cooling as inventories grow

Experts surveyed by Fannie Mae expect national home prices to grow by 3.4 percent in 2025. Median list prices in 69 markets were down by 10 percent or more from a year ago in March. Continue reading

Build-to-rent homes hit record high in 2024 with no signs of slowing

In 2024, a record 39,000 single-family rental homes were completed, marking a 15.5 percent jump from the previous year, according to a Point2Homes analysis of Yardi Matrix data released Wednesday. Continue reading

US home prices rose modestly in January, led by NYC and Chicago

The FHFA Housing Price Index posted a 4.8 percent annual growth rate while the S&P CoreLogic Case-Shiller Indices showed a slightly lower increase of 4.1 percent, according to new data released Tuesday. Continue reading

Arizona marks 1st move beyond East Coast for SERHANT.

The new market is launching with over 50 agents who represent more than $500 million in sales volume over the past 12 months and who will offer more than 100 listings to start. Continue reading

Zillow CFO shares $5B revenue goal at Morgan Stanley conference

The portal is on track to reach co-founder Rich Barton’s $5 billion revenue goal, Zillow CFO Jeremy Hofmann said Wednesday at Morgan Stanley’s Technology, Media & Telecom Conference. Continue reading

Want to get more for your sellers? List in late May

Despite a slow start to the year, Zillow’s latest report said May might be a potential goldmine for homesellers. Listings that go live during the last two weeks of May receive a premium of $5,600. Continue reading