Pending home sales slump for second-straight month

Pending home sales saw a slight slump in July, dropping 1.8 percent to a Pending Home Sales Index of 110.7, according to the National Association of Realtors. Continue reading

Zillow’s agent revenue lead on realtor.com is slipping: Mike DelPrete

Historically, Zillow has maintained a consistent 2.5x agent revenue lead over realtor.com, but in the past quarter that lead has slipped, as realtor.com grew its agent revenues much more than Zillow. Continue reading

Existing-home sales rise for second consecutive month in July

Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading

Single-family housing starts take unexpected hit in July

Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign. Continue reading

How agents can tap into the ‘gold mine’ of divorce listings

Forget about expired and FSBO listings. If agents can successfully and consistently land divorce listings, their business will boom. Continue reading

Industry vet Russ Cofano signs on as real estate marketing startup CEO

Industry veteran Russ Cofano, who has previously served in top spots at both eXp World Holdings and Real, has joined real estate marketing firm Collabra Technology as its chief executive officer. Continue reading

Realtor.com parent company Move sees 68% Q4 revenue boost

Move took in $186 million in Q4 2021, as a booming housing market kept website traffic, lead generation and referral services riding high. Continue reading

New single-family housing starts ramp up 6% in June: Census Bureau

The increase in housing starts is a welcome gift, but experts say builders aren’t yet betting recent improvements in materials costs are here to stay for the long term. Continue reading

Transitioning into summer, high-end properties are seeing a cool down

As the official start to summer approaches, agents say the market is less chaotic than a few weeks ago, and more high-end luxury properties, in particular, seem to be available and lingering on the market longer. Continue reading