Rent remains near record highs, but the balance of power is shifting
At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units, and rents could start falling soon
by Taylor Anderson Sep 12
Divvy Homes letting 95 employees go, including senior managers
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
by Matt Carter Sep 11
Consumer homebuying sentiment has plateaued at 'pessimistic'
Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82% also said August was a bad time to buy, citing affordability concerns
by Matt Carter Sep 8
New suit alleges Yardi rent-setting software violates antitrust law
A lawsuit filed by a renter in Seattle accuses property management software firm and major landlords of violating antitrust statutes through a product used to set rental rates
by Taylor Anderson Sep 8
Divvy stays mum as employees report a new round of layoffs
At least 7 former employees posted on LinkedIn Thursday to say they had been laid off from the rent-to-own company
by Ben Verde Sep 8
Is Anywhere's settlement the first domino to fall? The Download
This week: Anywhere has settled its portion of the bombshell commission lawsuit, so who's next?
by Christy Murdock Sep 8
'Affordability' is a dirty word in real estate. It's time for that to change
Opinion
Lack of affordable housing, rising home prices and soaring interest rates are making the dream of homeownership perilously unachievable, writes broker, coach and consultant Zak Shellhammer
by Zak Shellhammer Sep 7
Purchase loan applications once again at lowest level since 1995
Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November and 'higher for longer' policy
by Matt Carter Sep 6
Bay Area homesellers cringe, with 1 in 8 losing money at closing table
Some 12.3% of San Francisco homesellers who sold their homes during the 3-month period ending July 31 lost money on the sale
by Ben Verde Sep 6
Alexandria could become second Virginia locale to 'upzone'
Alexandria, Virginia's fifth-largest city, is on the brink of banning single-family-only zoning. If the plan passes, legislators estimate it could add 66 new residential buildings to the city by 2033
by Marian McPherson Sep 6
Real estate's reputation is taking a beating. Blame NAR and reality TV
Opinion
From unrealistic portrayals on reality TV to NAR's unfolding scandal, the industry's reputation will suffer until consumers are offered a better deal, writes NextHome broker-owner Edward Svec
by Edward Svec Sep 6
DelPrete: Legacy brokerages make strides, but upstarts have the edge
Opinion
Shifts in the housing market are exposing underlying changes and the strengths and weaknesses of existing business models, including upstarts like The Real Brokerage, Mike DelPrete writes
by Mike DelPrete Sep 6
Understand and master new construction to grow your business
Unlock new opportunities in a low inventory market when you dig into the new construction segment of the residential market
by Jennifer Peak Sep 5
Latest jobs numbers could be nail in the coffin for interest rate hikes
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
by Matt Carter Sep 1
Hiring is on the rise, but also worse than once thought. What gives?
Real estate didn't shed an unusual number of workers in August. But there are fewer jobs than it once seemed. Intel explains the paradox
by Daniel Houston Sep 1
'$100K jail cell': Social media drags price point of Texas tiny homes
Is this mini-floorplan a sign of 'shrinkflation' in housing? This month, the internet weighed in on Lennar's idea of affordability at a tiny-home community in San Antonio
by Daniel Houston Aug 31