Housing Inventory Increases at Record Pace in July as Demand Weakens
The U.S. housing market, which has long-suffered from a drastically low inventory, saw total inventory increase at a record pace...
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Will Your Homeowners’ Insurance Rates Increase This Year?
The costs don’t stop once you purchase a home; for starters, now that you’re a homeowner, you’ll be paying homeowners’...
Zillow Posts Lower Year-Over-Year Revenue in Second Quarter
Zillow Group reported results for the second quarter of 2022 that, despite including an earnings decrease from the previous year,...
National Mortgage Delinquencies Reach Another New Low in May
For the month of May, 2.7% of all mortgages in the U.S. were in some stage of delinquency (30 days...
Offerpad Posts $1.1 Billion in Revenue Growth in Q2
Offerpad, one of the nation’s largest iBuyers, was in the black for its third consecutive quarter. The industry disruptor, currently...
Market Cooldown ‘Won’t Be Enough to Sink’ Redfin, Says CEO as Profits Dip in Q2
Despite raking in $606.9 million in revenue, nearly a third more than last year, Seattle-based real estate brokerage Redfin saw...
Fathom Beats Revenue Targets, Aims to Cut Costs
Tech-focused, full-service brokerage Fathom beat guidance on revenue this quarter, up 52% to take in $128.2 million, with big increases...
Rocket Doubles Down on Brand Unity Amid Shifting Market and Lagging Q2 Profits
With the mortgage industry in flux, Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance...
In This Together: The Importance of Local Relationships in a Downturn
It certainly looks like the real estate market has peaked, and at least nationally, housing has entered a correction of...
U.S. Unemployment Hits Pre-Pandemic Levels as Job Growth Surges in July
And just like that, U.S. unemployment has recovered from its pandemic-induced doldrums. However, the labor market is still tight despite...
Five Terms Buyers Must Discuss With You Before Signing
“Once a client finds a house they really want, decisions start moving quickly,” says one real estate broker. “It is much easier to understand the fee, the services and the expectations before they are ready to make an offer.” Read more.
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