Gary Keller of Keller Williams (Credit: iStock and Wikipedia) Real estate companies from Zillow Group to Keller Williams have jumped on the nascent iBuying craze. But what’s the cost to home sellers who sell their homes with these services? An extra 13 to 15 percent. That’s according to a new study from data firm Collateral […]
Bringing some sunshine to South Florida’s opaque resi report outlook
Miami skyline (Credit: iStock) The condo market is in a slump. The luxury sector is outperforming others. Sales are up in what one report defines as Miami Beach, yet down according to another analysis. Such headlines, especially in a slow market, can be confusing for buyers, brokers and builders. While there’s no shortage of residential […]
The trendiest place for young homeowners? It’s the suburbs
Suburbs now make up 14 of the 15 fastest growing cities in America (Credit: iStock) After years of flocking to city centers, American homeowners are now returning to familiar grounds: the suburbs. With America’s major cities seeing population growth slow, 14 of the 15 fastest growing cities in the country are now actually suburbs, according […]
SoCal housing market shows signs of life, with a caveat: report
CoreLogic’s Andrew LePage and Orange County (Credit: Wikipedia) Lower mortgage rates and a glut of inventory boosted the Southern California residential market in April, as home sales jumped nearly 12 percent from the month before. That’s the good news. The bad news is that compared to previous years, 2019 is still proving to be the […]
Across the US, new home sales keep falling
New home sales slowed in April by 6.9 percent Sales of new homes nationwide dropped in April by their largest monthly percentage this year, with the results coming amid rising inventory and prices. Sales for those homes dropped 6.9 percent last month to an annualized pace of 673,000, according to a Wall Street Journal report […]
The great SoCal slowdown: Homebuilding drops 18%
Andy Reid, the President of MetroStudy Construction in Southern California has dropped 18 percent amid the largest supply of unsold homes in seven years. In the first quarter, developers in the region had 8,829 residential units under construction, down by 1,950 compared to the same time last year, according to data from MetroStudy, as reported […]