Affordability, debt biggest obstacles to homeownership, renters lament

Thirty-two percent of renters surveyed in a poll conducted by Redfin say they rent because they can’t afford to buy a home, while 45 percent said debt was the main factor keeping them from homeownership. Continue reading

Opendoor disciplined in North Carolina for disclosure lapses

Regulators say the iBuyer misrepresented a home and didn’t get the proper permits for another. Its license was suspended for 18 months, but the North Carolina Real Estate Commission has stayed the suspension, allowing Opendoor to continue operating. Continue reading

Opendoor brings iBuying services to New Jersey, New York state

The move will see Opendoor make cash offers in 17 counties in the two Northeastern states. New York City is not included in the expansion. It also brings Opendoor’s market count to 46. Continue reading

Redfin closes $137.8M acquisition of Bay Equity Home Loans

The deal to purchase the California-based national mortgage lender accelerates the brokerage’s strategy to become a one-stop shop for buying, selling, renting and financing a home. Continue reading

The condo recovery is underway — but houses remain hotter

Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities’ urban centers. This follows an early-pandemic softening in the market segment. Continue reading

What time is most popular for home searches? The Real Word

This week: Byron Lazine and Nicole White offer insights on a “savagely unhealthy” housing market, longer homeownership tenures and the most popular time to search for homes. Continue reading

Compass completes its remarkable climb to become top producer

Compass completed $251.1 billion in transactions last year, more than any other brokerage firm. HomeServices of America had the most sides. Continue reading

RentPath rental listings go live on Redfin’s real estate portal

For the first time, Redfin users will now be able to search the Seattle-based brokerage’s online listing portal for homes and apartments for rent, it was announced Wednesday. Continue reading

Masks, politics and our great divide: Why we need to change course now

Brad Inman can’t recall a time when we all were so righteously indignant. Name calling, picking petty fights and silent judgement are the name of the game. It’s time to bridge the divide. Continue reading

US home sales prices hit another all-time high, leaving buyers in the dust

A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market. Continue reading