IndustryCoStar merges Homesnap and Homes.com, cutting 100 jobs The company is integrating “the best of Homes.com” with Homesnap and Citysnap, said Andy Florance, CoStar CEO and founder.Linda F. HerseyDecember 2, 2022
IndustrySwanepoel's Inner Circle: The upside of downturnsEven in the toughest market, at least four million homes get sold. Strap in for a bumpy ride while keeping yourself informed and looking for opportunities.Stefan SwanepoelDecember 2, 2022
IndustryOpendoor co-founder steps down, president leavesThe company, which announced significant layoffs last month, replaced former CEO and co-founder Eric Wu with Carrie Wheeler, who joined as CFO in 2020.Dave GallagherDecember 1, 2022
BrokeragesTurnover at the top: Keller Mortgage under new leadershipDavid Smith departs after less than two years; Keller Mortgage CFO assumes the role as interim president. Linda F. HerseyDecember 1, 2022
By the NumbersMortgage interest rates continue downward trendThe mortgage rate averaged 6.49% this week, according to Freddie Mac. That’s down from over 7% just a few weeks ago.Dave GallagherDecember 1, 2022
By the NumbersNortheast and California counties top list of ‘most vulnerable’ marketsA new ATTOM report looked at affordability, foreclosures and other factors to determine the most and least vulnerable housing markets among nearly 600 counties.Dave GallagherNovember 30, 2022
By the NumbersPending home sales fall for the fifth straight monthOffers to buy homes dropped again in October, and were off 37% year-over-year, as higher interest rates and inflation slowed down real estate activity.Linda F. HerseyNovember 30, 2022
By the NumbersBuyers are gaining ground in markets across the U.S.Knock’s Buyer-Seller Market Index finds that more metros are becoming buyers markets, and the trend is expected to continue.Dave GallagherNovember 30, 2022
By the Numbers2023 could be a year of paradoxes, with slow sales but rising pricesRealtor.com economists predict an unusual year ahead, with higher interest rates and more inventory, but not the drop in prices that would typically follow.Dave GallagherNovember 30, 2022
By the NumbersBuyers are getting less home for their moneyBuyers in the 100 largest cities have lost up to 1,140 square feet of living space due to higher prices and interest rates.Linda F. HerseyUpdated December 1, 2022
By the NumbersTwo housing reports confirm a softening marketEconomic data from the Federal Housing Finance Agency and the Case-Shiller housing index show a continued slowdown in home value increases.Linda F. HerseyUpdated January 4, 2023
AgentsAre your clients reluctant to get pre-approved? Here are some tipsA Zillow survey finds potential homebuyers spend as much time researching the purchase of a new TV as they do looking for the best mortgage loan.Dave GallagherNovember 28, 2022
By the NumbersMortgage applications trend higher in mid-NovemberThe number of home loan applications rose for two straight weeks this month, coinciding with falling interest rates.Linda F. HerseyNovember 28, 2022
Brokerages'Sports and entertainment' proving to be a resilient marketThe niche area of real estate services for pro athletes and entertainers is largely insulated from the broader economic downturn.Linda F. HerseyNovember 28, 2022
AgentsGiving back: Cathy Taub 'grateful to be of service' to food-insecure peopleTaub, a NYC agent with Sotheby's International Realty, helps feed families in her community as a volunteer and board member at the New York Common Pantry. Cheryl Reid-SimonsUpdated November 22, 2023
AgentsAgents of Change: Jeff Fields helps provide a lifeline to teens in crisisFields, an agent in Scottsdale, AZ, has made a "lifelong commitment" to Teen Lifeline, an organization working to eradicate teen suicide.Alec HarveyNovember 26, 2022
AgentsAgents of Change: Laurie Read honors her brother, helps protect policeUtah agent Laurie Read launched a foundation in her brother’s memory that funds equipment to "protect the officers who put their lives on the line every day."Linda F. HerseyNovember 25, 2022
AgentsAgents of Change: Sydney Ealy working 'to ensure every kid reaches her goals'Ealy founded the mentoring program TWST4Girls in 2014, bringing hope and opportunities to at-risk youth and their families.Nicole BrodeurNovember 24, 2022
By the NumbersOverall housing inventory declining, but that won’t lastWhile inventory is trending down ahead of the holidays, the pace is slower compared to recent years.Dave GallagherNovember 23, 2022
By the NumbersInterest rates tick downward but are still volatileIt's too soon to call it a trend, but the slight downtick in mortgage rates may give hope to potential buyers.Dave GallagherNovember 23, 2022