Great Reshuffling revived as record number of buyers chase new metros

A record-high 33.7 percent of homebuyers sought to move from one metropolitan area to another in July, up from 32.6 percent in the second quarter of 2022, according to a report from Redfin released on Thursday. Continue reading

Aisha Chiappetta joins The Agency as VP of strategic growth

Chiappetta has held a number of recruitment and management positions at well-known tech companies over the course of her roughly 17-year career, including at Side and Facebook. Continue reading

Joan Didion, architect of the California myth, dead at 87

Didion’s writing helped make California seem both alluring and dangerous — which continues to drive demand for life in the state today. Continue reading

Home sells for $1M over asking and, well, San Francisco is just insane

The home’s previous owner purchased the property from the same agents two years earlier for $1.4 million, only to turn it around earlier this year for a whopping $3.5 million — reportedly in just three days. Continue reading

In the end, Elon Musk hired agents to sell his final ‘earthly possession’

After putting San Francisco home on market without the help of an agent, the SpaceX CEO relented, tapping Mary and Brent Gullixson of Compass to sell last property in his portfolio. Continue reading

Opendoor acquires digital mortgage company

San Francisco-based RedDoor has developed a quick pre-approval process for consumers and will see its products integrated into the iBuyer’s lending services. Continue reading

Encryption, inequality and ‘Zero DOM’: 6 pocket listing takeaways

Inman took a deep dive into pocket listings, which continue to polarize the real estate industry long after many thought the practice would disappear. Continue reading

Pocket listings are still around, but the off-market landscape is evolving

Two years after the National Association of Realtors approved the Clear Cooperation Policy, pocket listings haven’t disappeared. But they remain hotly debated, and demand for off-market housing is as strong as ever. Continue reading

Rent growth catching up to home price increases in major cities

In 2021, East Coast rents made steady gains while West Coast rents remained stilted — until recently, a new report released Tuesday from Zumper reveals. Continue reading