Price gains in ‘opportunity zones’ keep pace with national hikes

Census tracts chosen for preferential tax treatment in 2017 tax bill are seeing prices rise, have attracted buyers priced out elsewhere. Continue reading

Lone bidder purchases infamous Surfside condo site for $120M

Dubai-based luxury developer Hussain Sajwani has purchased the former site of the Champlain Towers South condominium for $120 million, according to The Miami Herald on Saturday. Sajwani was the only bidder for the oceanfront acreage where 98 residents … Continue reading

Mortgage delinquency rates continue their descent: CoreLogic

The number of homeowners who are more than 30 days late on mortgage payments dropped for the 11th straight month in February. Continue reading

Keller Williams posts $108B in sales volume as transactions fall in Q1

The Texas-based franchisor’s transaction and sales volume see-sawed for the third quarter in a row, as record home price growth bolstered commissions, according to a Q1 earnings report. Continue reading

From Airbnb to Zillow: How real estate is dealing with Ukraine crisis

As U.S. businesses withdrew from Russia, Inman surveyed the nation’s top real estate companies. Read on to see how 23 of the industry’s most notable companies have responded to the conflict. Continue reading

Is now a good time to buy a home? Agents confront mortgage riddle

Buyers have watched mortgage rates shoot from 3 percent to 5 percent this year alone, and that common refrain — “Is it really the best time to buy?” — is always top of mind for clients, agents told Inman. Continue reading

EXp Realty tallies $1B in revenue as profits, agent count rise in Q1

The company saw its revenue grow 73 percent and its gross profits increase 56 percent to $83.5 million as agent recruitment continued to grow toward a goal of 100K agents by the end of the year, according to an earnings report Wednesday. Continue reading

Airbnb declares ‘new world of travel’ as bookings surge in Q1 earnings

The short-term rental platform posted a $19 million net loss for the first quarter of 2022, a significant improvement over the same period last year, according to earnings released Tuesday. Continue reading