Next year to be a ‘mixed bag’ for real estate: realtor.com report

Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply and affordability will be challenging. Continue reading

Skyrocketing US home prices are finally beginning to slow down

September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5 percent year over year, down from a 19.8 percent annual gain in August. Continue reading

‘Success fees’ are coming to portals. Are you ready?

Real estate portals around the world are making huge bets on next-generation lead generation tools that target buyers and sellers and include lead qualification standards and commission sharing, otherwise known as success fees. Continue reading

Sellers are banking on red-hot buyer demand this fall: realtor.com

Despite the return of housing market seasonality, homesellers are still expecting a red-hot fall and winter homebuying season similar to 2020, according to realtor.com’s latest survey released on Thursday. Continue reading

Engel & Völkers opens up shop in Raleigh, North Carolina

The brokerage’s license partner of Engel & Völkers Charlotte, Yuriy Vaynshteyn, will help lead the new office, alongside Nikita Zhitov and Vincenzo Verdino, founders of CityPlat Commercial Real Estate, a Raleigh-area firm. 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

Realtor.com gears up for battle with Zillow as revenues jump 30%

Digital real estate services continued to be the driving force behind News Corp’s earnings streak, according to the company’s first-quarter fiscal 2022 earnings results released on Thursday. Continue reading

Opendoor plans to hire nearly 100 tech engineers in Canada

The new team members will be based in Toronto and will work on financial platforms and technology infrastructure. Continue reading

Move CEO David Doctorow pushes back on anti-portal rhetoric

The top executive at realtor.com’s parent company said agents remain essential customers for listing portals, even as companies offer services to buyers and sellers. Continue reading

Pending home sales take a hit in September: NAR

Slowed contract signings in September are a likely sign that home price growth will soon come back down to earth, NAR Chief Economist Lawrence Yun said. Continue reading