Condos are selling below list price as fees discourage buyers

According to a new Redfin report, an overwhelming 68.4 percent of condos sold below their asking price — the highest share in five years. That’s a jump from 63.3 percent last year, signaling a cooling condo market. Continue reading

Gitcha launches services in California to assist fire-affected

Gitcha is an online marketplace that helps buyers and renters make public notices for desired properties that has launched in California to assist Los Angeles wildfire victims. Continue reading

Gitcha launches services in California to assist fire-affected

Gitcha is an online marketplace that helps buyers and renters make public notices for desired properties that has launched in California to assist Los Angeles wildfire victims. Continue reading

Rocket offering renters up to $5K in closing credits

RocketRentRewards lets homebuyers earn closing cost credits equal to 10 percent of their verified rent payments over the past year, or $2,160 for those paying the average $1,800 in rent. Continue reading

Renters feel less connected to their neighbors than homeowners

Renters are more likely than homeowners to feel disconnected from their neighbors, according to a Redfin-commissioned survey of 894 renters and 805 homeowners aged 18 to 65. Continue reading

Zumper introduces Zoe, latest AI for aspiring renters

Zumper is the latest software company in the rental industry to launch an artificial intelligence product to assist current and aspiring tenants. Continue reading

Rental Beast to help Realtor.com devour lease market

Realtor.com selected Rental Beast to power an online rental application, lease processing and applicant experience initiative, making a strong statement about the impact of renters on the current market. Continue reading

Renter households surge as homeownership costs climb

Renter households increased by 2.7 percent year-over-year in the third quarter to a record 45.6 million, a rate three times higher than the 0.9 percent uptick in homeowner households, according to a new Redfin analysis. Continue reading

Cooling rental market means more concessions for renters: Zillow

A 50-year high in multifamily building starts and completions has led to cooling rent growth and better leases for renters. In July, 33.2 percent of rentals on Zillow included concessions — a 23 percent increase from 2023. Continue reading