Real Estate Industry News

In what may seem like a surprising partnership between two would-be competitors in the burgeoning iBuyer market, Opendoor and Redfin are joining forces to buy homes in Phoenix and Atlanta. The companies announced this week that homeowners in those two cities will now be able to request a direct offer for their home from Opendoor […]

Tropical Storm Barry is now moving into the nation’s Gulf Coast, threatening the state of Louisiana with as much as 20 inches of rain. As Barry continues to slowly move along the coast, recent reports now say that the storm has the potential to land a Category 1 hurricane designation. In response to this threat, […]

You’ve listed your home for sale, and no one is taking the bait. One month passes, then two. How long do you wait before you increase the odds of an offer by dropping the price? According to a recent survey from blockchain-based real estate platform ShelterZoom, most American home sellers will opt to reduce their […]

It's no surprise that the wealthiest states are home to some of the largest houses, but a recent study by USA Today revealed that homeowners there are carrying the largest amount of mortgage debt. Here are the top 10 states where homeowners have the most debt.

Americans now have nearly as much home equity as they did when levels peaked before the housing crisis, according to a recent study on the state of the nation’s housing market from Harvard’s Joint Center for Housing Studies. The report shows aggregate home equity climbed from $7 trillion in 2011 to $15.5 trillion in 2018.

Digital marketplace HomeAdvisor indicates that consumer spending on home improvement projects has increased by 17% since last year. According to the company’s State of Home Spending Report, American homeowners are now spending more money on home improvements than home maintenance.

For nearly six months, the ongoing debate over buyer broker compensation has loomed large over the real estate industry, with two lawsuits taking the practice to task. Now, a third lawsuit has been filed that touches on the issue. This time, it’s a class-action suit against Realogy alleging that investors purchased securities at inflated prices […]

As rent prices continued to climb in June, RentCafé indicates that the nation’s mid-year average rent spiked $37 from the previous year. According to the company’s Mid-Year Rent Report, the national average rent in June totaled $1,465. Not only is this a 0.8% increase from the previous month, but it is also 2.6% higher than […]

Now that he’s got the sneaker market thoroughly cornered, Kanye West is apparently moving on to his next project: affordable housing. A recent profile of the rapper-turned-designer revealed that West is working on designing prefabricated, low-income housing with a Star War's aesthetic, shopping the idea to investors as a potential housing solution for the homeless.

This week's mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements.

The homeownership rate for Hispanics has jumped in recent years, a fact that could buoy the housing market for years, according to a recent Wall Street Journal article. Just three years ago, the homeownership rate for this group had fallen to a 50-year low. But now, recent Census data shows that it has risen 3.3% […]

This week's mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements.

In May, the FHA said it was working to clarify the rules of its mortgage program in an effort to ease compliance concerns, pledging to replace the “jumbled legalese” in its certification and compliance documents with “plain English.” But a number of trade groups expressed their joint belief that the proposed changes do not go […]

Who are the HousingWire Tech Trendsetters? Actually, that has yet to be decided. The 2019 Tech Trendsetter award is HousingWire’s brand new awards program, and we’re waiting on you to help shape the list of the first Tech Trendsetter award winners.

In what may seem like a surprising partnership between two would-be competitors in the burgeoning iBuyer market, Opendoor and Redfin are joining forces to buy homes in Phoenix and Atlanta. The companies announced this week that homeowners in those two cities will now be able to request a direct offer for their home from Opendoor […]