By the NumbersPending home sales fell, but a summer bump is still possibleNAR's Pending Home Sales Index for May showed national declines but significant gains in the Northeast.Cheryl Reid-SimonsJune 29, 2023
By the NumbersMortgage rates tick up as economy continues to show strengthThe 30-year fixed-rate mortgage averaged 6.71% this week, snapping three straight weeks of declines.Dave GallagherJune 29, 2023
MLS/AssnNAR and its president accused of racial, sexual discriminationA former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.Cheryl Reid-SimonsJune 28, 2023
IndustryAssumable mortgages: Low rates, but it’s complicatedBuyers can save a ton of money by assuming a mortgage on a home purchased a year or two ago at ultra-low interest rates, but the process can be tricky.AJ LaTraceJune 28, 2023
IndustryZillow shutters closing and title divisionIn an email to clients, the company announced it is ending Zillow Closing Services because it isn’t the “tech-forward and integrated product” customers need.Dave GallagherJune 28, 2023
BrokerageseXp CEO reveals Homes.com talks and new twist on recruitingGlenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.AJ LaTraceJune 27, 2023
By the NumbersIt’s a good time to be selling (and buying) new homesNew home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.Dave GallagherJune 27, 2023
By the NumbersHome prices are on the reboundThe latest Case-Shiller Index found that after falling in the second half of 2022, home prices have been trending up since January.Dave GallagherJune 27, 2023
TechWant more pizzazz in your listing? Zillow's latest tool aims to deliverListing Showcase, a ShowingTime+ product, is designed to provide a more "immersive" experience for buyers and give listings agents an edge.Dave GallagherJune 27, 2023
TechNew platform allows agents to add hyperlocal data to websitesNeighborhood Navigator, created by property data company ATTOM, gives real estate professionals a new way to provide clients with detailed community info.Dave GallagherJune 26, 2023
Agents'Collaboration over competition' fuels Chicago broker collectiveThe Collaborative Edge is a group of five brokers who manage their own client relationships but share time and resources to help one another succeed.AJ LaTraceJune 26, 2023
By the NumbersCalifornia 'engineered' its housing crisis — now it's trying to fix itState Senator Scott Wiener blames California's housing woes on decades of "terrible policy decisions," but he says legislation can help turn things around.Dave GallagherJune 25, 2023
AgentsWinning business without the sales pitchSome agents aren't natural salespeople, but tapping into your interests and a desire to make authentic connections can be a highly effective way to gain leads. Mary BooneJune 24, 2023
BrokeragesBrokerage Beat: Real, Windermere, Sotheby's add SoCal strengthTwo top teams get Real; Windermere acquires HK Lane; SIR picks up Pritchett-Rapf; McEnearney Associates and Middleburg Real Estate/Atoka Properties merge.Real Estate News StaffJune 24, 2023
By the NumbersHomeownership, affordability gaps persist as prices remain highHarvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.Dave GallagherJune 23, 2023
IndustryPride month: Why it matters in real estateSupport for the LGBTQ+ community can take many forms, from a rainbow flag in a window — a "beacon of safety" — to providing resources for LGBTQ+ clients.Nicole BrodeurJune 23, 2023
By the NumbersExisting home sales and inventory tick up slightly as prices softenNumbers are still far below where they were a year ago, and inventory gains are largely due to the "abundant" supply of newly constructed homes.AJ LaTraceJune 22, 2023
By the NumbersLittle movement in mortgage rates signals a slow summerRates dipped only slightly this week in Freddie Mac's survey, inching down from 6.69% to 6.67%.Dave GallagherUpdated July 5, 2023
Industry‘Agents are core’: Zillow's push to win over agents, innovate through techErrol Samuelson, chief industry development officer, explains how Zillow plans to stay on top in a growing crowd of real estate portals and agent services.AJ LaTraceJune 22, 2023
By the NumbersRevised forecast a sign that spring was more showers than flowersRealtor.com previously predicted home prices would rise 5.4% by the end of 2023 but now expects a 0.6% decline.Dave GallagherJune 22, 2023