According to industry expert Mike DelPrete, a multitude of factors need to go right for Zillow Home Loans to meet its revenue goals and compete with traditional mortgage products.
They Wanted a Two-Bedroom in Queens for $500,000 — Dishwasher Optional. Which Option Did They Buy?
For a couple of pizza lovers trying to buy their first home, finding a new place meant finding the right kitchen, even if it meant a renovation. Here were their choices.
Office-exclusive listings are the same as pocket listings. Why doesn’t NAR think so?
Under the Clear Cooperation Policy, a listing can be “withheld” from the MLS and become an “office-exclusive” listing. Broker Teresa Boardman questions the wisdom of this exception.
2 more Tampa-area teams join eXp Realty after Kendall Bonner Team
With their moves to eXp, the two teams have decided to merge under the Tampa Bay Home Team banner and will also strategically collaborate with the Kendall Bonner Team across the greater Tampa market.
RentSpree formally launches women-first RENEW initiative
RentSpree's Real Estate Network of Empowered Women initiative will support, connect and empower women in all aspects of real estate.
Doing the Rounds: Another Dome Home Surfaces in Miami, Nabs a Buyer
It was supposed to be the future of Florida construction. Instead a geodesic dome home is a rare find in Miami.
Multiple offers came in even before the 6,045-square-foot home officially hit the market in early February for $1,850,000. It’s now pending sale, according to Realtor.com®.
The curved construction on a half-acre lot is a design marvel.
“Its footprint is very minimal from an external viewpoint. When you’re walking up to the house, you’re obviously intrigued by the dome and the shape of the house, but you don’t really experience the magnitude of it until you walk inside,” says listing agent Avi Werde, with Compass.
Howard Hanna merges with New York-based Coach Realtors
The new partnership will see Howard Hanna further extend its reach into New York. Meanwhile, Coach will rebrand to include the Howard Hanna name.
And Action: Oscar-Winning Director Guillermo del Toro Lists His SoCal Home for $3.2M
That’s a wrap!
Famed Mexican filmmaker Guillermo del Toro is selling his four-bedroom, 4.5-bath, Westlake Village, CA, abode for $3.25 million.
The inviting home was on the market for a little more than a week and has gone into contingent-sale status.
If del Toro gets his full asking price, he’ll land a tidy profit on the place he picked up in 2012 for $1.65 million.
‘We can be 200K agents worldwide’: Nick Bailey casts bold vision for RE/MAX’s 50th
RE/MAX founder Dave Liniger and CEO Nick Bailey cemented the Denver-based franchisor's 2023 R4 conference with personal keynotes reflecting on RE/MAX's past and hopes for its future.
Here are the top regrets for US homesellers: Zillow survey
Eighty-four percent of recent first-time homesellers over the past two years believe they could have sold their homes for a higher price if they had made better decisions.
Mystery in History: We’re Not Quite Sure How Old This Week’s Oldest Home Really Is
An affordably priced home in South Kingstown, RI, is the oldest property to hit the market this week on Realtor.com®. But exactly how old? According to the listing, the home dates to “the late 1600s-early 1700.”
The New England Colonial still features many original details, including restored hardwood floors, built-in cabinetry, exposed-beam ceilings, and three fireplaces. The 1.3-acre property might be subdividable.
Other vintage dwellings to hit the market this week include a Maryland farmhouse once a part of a dairy production facility, a stone home in Pennsylvania, and a relocated antique in New York.
Scroll down for a full look at this week’s 10 oldest homes.
Rising mortgage rates a headwind for spring homebuying season
After three straight weeks of declines in mortgage applications, demand for purchase loans remains at the lowest level since 1995 for the second week in a row.
The time a typical homeowner stays in one place just got a little shorter
Migratory waves over the past three years due to the pandemic have caused homeownership tenure to decline modestly, but an uptick is expected thanks to a rise in mortgage rates, Redfin data shows.
Keller Williams welcomes back another multimillion-dollar team
After a nine-month stint with Real, the Orlando-based Ken Pozek Group has returned to Keller Williams. The 21-agent team closed $322 million in sales in 2021 and 2022.
6 Unexpected Kitchen Trends That Can Boost Your Home’s Asking Price
A kitchen update can present an overwhelming number of options. What countertop material is best? Should we go with a single- or double-bowl sink? Will we regret repainting the walls in a color other than white?
If you plan to sell your home soon, these concerns could become paramount. Not only do you have to think about what you like in a kitchen—you also have to deliberate over potential homebuyers’ preferences.
Lately, we’ve noticed a number of kitchen design trends that are creative enough to satisfy owners but versatile enough for a range of would-be buyers. From streamlined appliances to an unexpected color for cabinets and fixtures, these looks can modernize a home and improve its efficiency—two qualities that are very attractive to house shoppers.
“The kitchen is one of the rooms that can have the biggest impact on a home’s value,” says Keely Smith, lead interior designer at JD Elite interiors in North Vancouver, BC. “If you’re planning to sell soon, it’s worth considering some of the design trends that we’ll see this spring—and beyond.”
UWM posts $62M Q4 loss but keeps title of America’s biggest lender
CEO Mat Ishbia says aggressive "Game On" pricing is still in place, but acknowledges wholesaler is seeking to boost profit margins in 2023.
States With the Lowest Property Taxes
The states with the lowest real estate taxes vary depending on a number of factors, including local property values, local tax policies, and the overall economic climate. However, some of the states that consistently rank among the lowest in terms of real estate taxes include: Hawaii: Hawaii has some of the lowest real estate taxes in the United St...
Blame it on the ‘volatile housing market’: Your Q4 2022 earnings roundup
As companies report their Q4 and full-year earnings, industry-watchers read the tea leaves for indications of what’s working now — and what’s likely to happen next.
Why Does ‘Fixer to Fabulous’ Star Jenny Marrs Hate This One Feature So Many Homeowners Have?
On “Fixer to Fabulous,” Dave and Jenny Marrs have been doing many remarkable remodels around Bentonville, AR—but that’s not to say we agree with all of their design decisions across the board.
In the episode “California Couple’s Dream Home,” the Marrses meet Dusty and Hannah Layugan, who have just moved to the area from California. They want to completely renovate a home they’ve just bought so it can better accommodate them and their three kids.
The Layugans have budgeted $150,000 for the project, and that stretches a lot further in Arkansas than it would in California. Also, Dave’s carpentry skills go a long way to mitigate the expenses.
As Jenny and Dave work wonders in Dusty and Hannah’s home, they give us some great ideas for our own abodes, even if their fix for a certain “situation” in the family room doesn’t compute (at least with us). Check out the upgrades they incorporate, and weigh whether you’d follow in their footsteps or skip certain aspects. Because, let’s face it, figuring out which design decisions you admire—and hate—is part of the fun of watching reality TV!
‘The Risk of a Deep Housing Slide Persists’: Dallas Fed Says Downturn in U.S. and German Housing Markets Could Affect the Rest of the World
U.S. mortgage rates are up again, threatening to push the housing sector back into a recession, and a new report is warning that the weakness in the housing market has implications for the rest of the world.
In the report by the Dallas Federal Reserve Bank, researchers called out the possibility of a “deep global housing slide.” Weaknesses in the U.S. and German housing markets in particular “pose a vulnerability to the global outlook” due to the size of the countries’ economies as well as their “significant cross-border financial spillovers,” the report said.
In comparing home prices with rents, which is akin to comparing the price-to-earnings ratio for stocks, the researchers at the Dallas Fed tried to measure the profitability of housing as an investment opportunity.
They found that if the price-to-rent ratio grows “at an explosive rate” as compared with its fundamental-based ratio, which is estimated using long-term interest-rate and rent growth data, then it’s worth considering whether the sector is in a bubble.