After a pause, iBuyers are back in a big way: Mike DelPrete

For anyone concerned that the iBuyer model wouldn’t be popular in a seller’s market, the evidence shows that it is resonating with consumers more than ever, and market conditions are in fact fueling its growth. This post has been republished with permission from Mike DelPrete. After a brief interlude last year, iBuyers are back in … Read more

NYC agents to Dottie Herman: We’re not afraid to walk in the city

New York City is roaring back to life, a stark contrast to the silence that haunted its streets last year.  And while there’s no doubt that the real estate market is on the up, there are differing views on whether or not the rise in crime is impacting its rebound.  On Monday, Dottie Herman, CEO … Read more

No flood of foreclosures to come in pandemic’s wake. Here’s why

This month, we are going to take another look at forbearance activity across the United States. Now, I know that we have talked about this subject several times over the past year, but it is worthwhile to look at it again — if only for the fact that the program stopped taking new applications for … Read more

Selling to buy? It should get easier in coming weeks, report says

Conditions should start to improve for buyers while remaining great for sellers if current trends hold, according to a new Redfin report. Rapid home price growth is finally expected to slow if current trends continue, according to a new data analysis from Redfin. This prediction comes as inventory continues to tick upward and the number … Read more

Opendoor’s mortgage attach rate jumps, but at what cost? Mike DelPrete

For any company attempting to generate profits from adjacent services, and there are a lot, mortgage remains hard. It is no panacea for profitability. This post has been republished with permission from Mike DelPrete. A key component of the long-term profitability of iBuyers is their ability to attach adjacent services such as mortgage and title … Read more

Median existing-home price sails to record high

The median existing-home sales price rose 23.4% year over year, propelling the median price to $363,300, the highest on record, according to the National Association of Realtors. After four months of dips, existing-home sales are once again on the increase, rising 1.4 percent to a seasonally adjusted annual rate of 5.86 million homes in June … Read more

Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Institutional investors have been making a comeback in 2021. During the second quarter, investors purchased 67,943 U.S. homes, the highest figure on record (since at least 2000), according to new data released … Read more

Rent prices skyrocket across the country: CoreLogic

Across the United States, renting a single-family home is getting more and more expensive by the month. According to the latest Single-Family Rent Index report from CoreLogic released on Tuesday, rent prices rose 6.6 percent in May from this time last year. Prices have risen at the highest level since January 2005, fueled by a … Read more

The problem with stock as a recruiting tool for Compass agents: Mike DelPrete

Stock option programs sound good on paper, but as we can see with Compass, the reality varies. The post-IPO performance of Compass’ stock highlights the primary issue with stock as a recruiting tool. This story was republished with permission from the author. Compass‘ stock price has declined significantly since its IPO; it was the worst … Read more

June home sales see largest decline since 2012: Redfin

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021. The housing market has been on a wild ride for the past several months, but a new report released on Thursday by tech-powered brokerage Redfin suggests that … Read more

Tampa Bay NewsAnooX Scam