Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1 million fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday.

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Oprah is not in the house.

Some homebuyers connected to Georgia’s booming film industry will be moving into a home Ms. Winfrey began building but never completed.

An offer is pending on the very large, unfinished mansion in Conyers, GA. The list price was $3.5 million.

“When you’re in the house, you feel so microscopic,” says listing agent Ashley Cook, with Maximum One Realtor Partners. “You’re just like, ‘Whoa.’ I’m so excited to see it done.”

The three-person Nielsen Group brings a collective 25 years of industry experience and an average annual sales volume of over $50 million to Engel & Völkers.

In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession.

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The day I planned to close on an acre lot where I hoped to build a brand-new house, my real estate agent turned up a deed restriction that limited the number of garages I could construct. I had intended to build three, but according to the deed, I could have only two.

This seems like the ultimate First World problem, I know. But it was the first deed restriction I, as a new developer, had encountered, and I didn’t understand why this rule had come out of nowhere to block my progress on land I was paying good money for.

As it turned out, the restriction was more than 50 years old and created by a neighborhood association that had long ago ceased to exist—and therefore couldn’t enforce it. I ended up closing the deal, but I had to consider all the dreamy-eyed buyers who longed to build their own home and were thwarted by rules—archaic or not.

And here’s the rub: Deed restrictions and deed-restricted communities affect more than would-be home builders. Homeowners can be restricted by anything from the number of bedrooms in a house to the types of vehicles in the driveway. It’s best to know about deed restrictions before you buy, so let’s take a look at what they’re all about.

Matterport earned $136.1 million in 2022, which wasn't enough to offset $26.5 million in losses for the final three months of 2022 and $116.6 million for the year, according to the company's latest earnings release on Wednesday. That was more than double the $46.9 million in losses Matterport reported in 2021.

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Every dollar counts, especially when you’re living on a fixed income. That’s why senior discounts rank among the best perks of aging—aside from wisdom, of course!

Discounts on dining, movie tickets, travel, groceries, and property taxes are yours just for reaching a certain age.

Wait, property taxes?

That’s right, older homeowners could qualify for senior property tax exemptions that could significantly reduce their tax bills. Here’s what you need to know and how to determine if you qualify.

Team members who are achieving their goals don’t leave. If an agent leaves because they don’t like accountability and are not achieving their goals, then love them as they go out the door, writes Leslie Guiley.

The deal is touted as a way to give mortgage lenders critical information about borrowers and properties at the beginning of the loan process.

Buyers are navigating a stable housing market and making well-informed offers while sellers are leaning into a low-inventory environment, according to new data and agents who spoke to Inman.

Photo. courtesy of Crosby Land Company

The South Carolina hunting lodge where a scandal-plagued lawyer’s wife and son were shot to death and a housekeeper mysteriously died is about to make its way out of legal purgatory as the blockbuster trial against Alex Murdaugh continues.

Netflix will drop its three-part series “Murdaugh Murders: A Southern Scandal” on Wednesday, about the prominent attorney accused of stealing millions from his clients and the mysterious deaths swirling around his family. The series is expected to generate renewed interest in the $3.9 million sale of the family’s nearly 1,800-acre hunting farm, which is expected to close next month.

Alex Murdaugh is currently on trial for the murder of his wife, Maggie Murdaugh, 52, and son Paul Murdaugh, 22, on June 7, 2021. He is also accused of swindling millions of dollars from his clients to help fund a drug addiction and hiring a hit man to kill him so his surviving son, Richard “Buster” Murdaugh, could collect a $10 million life insurance policy.

Alex faces more than 100 charges ranging from the murder of his wife and son to tax evasion and could spend the rest of his life in prison if convicted.

An MBA survey shows demand for purchase loans is down 18 percent week over week and 41 percent from a year ago as mortgage rates rise for the second week in a row.

Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and for home sales to rebound in 2024.

HGTV

While HGTV designers each have their own signature style, there are certain trends they all seem to love. On the latest “Fixer to Fabulous,” Dave and Jenny Marrs show they’re birds of a feather with Christina Hall and former “Teen Mom” star Chelsea DeBoer.

In the episode “Small House to Cozy Casita,” the Marrses meet Denise and Pepe Estrada, who spent five years living in Pepe’s native Peru. These empty nesters have recently purchased a 1,317-square-foot, three-bedroom, two-bath home. They hope the space can comfortably accommodate family and friends when they come to visit.

Dave and Jenny have a budget of $180,000 to remodel the entire house. In the process, they arrange for the Estradas to be empty nesters no more.

Find out how the Marrses pull this off and learn plenty of lessons you might be inspired to try on your own abode—including one renovation that’s all the rage (among reality TV stars and others) that can actually save you money each morning you sit down for breakfast.

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Mortgage rates are back up, hitting a fresh high for the year.

The average on the 30-year fixed-rate mortgage was 6.87% as of Tuesday afternoon, while the 15-year was at 6.07%, according to Mortgage News Daily.

Rates are officially at the highest level for the year. But to be clear, rates have been higher—they surpassed the 7% threshold, and reached 7.37% back in October, per MND’s data.

The jump in rates “has significant impact on payments and affordability, so you have to assume that means fewer buyers in the market,” Mike Simonsen, founder of Altos Research, said in a recent YouTube video.

Good leadership is about inspiring and motivating followers to get the job done, whatever the job may be. It considers more than just the metrics of productivity for success and adds the welfare of the organization and its people to the list of objectives. 

This list provides a little taste of the all-you-can-eat buffet of bad bosses in television and movies. Find out what you can learn from this parade of awful leaders.

As we wrap up Leadership Month, we want to know about the worst leader you've ever had. How did you handle their toxic traits?

Even after ending its iBuyer program, Zillow remains bullish on mortgage. But first it has to totally reimagine its website, analysts and executives tell Intel. What could possibly go wrong?

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Fox News Host Jesse Watters has moved out of his Manhattan rental and purchased a home in Bernardsville, NJ, for a cool $2.8 million.

The stately, five-bedroom mansion boasts 10,296 square feet—significantly larger than the cozy, 1,853-square-foot New York City condo he rented with wife Emma.

The political pundit has been busy with real estate transactions lately.

Last October, the host of “Jesse Watters Primetime” listed his vacation home on the Jersey shore for $1,999,000. The the 2,044-square-foot, four-bedroom, oceanfront abode in Beach Haven, NJ, was recently updated.