It’s a story almost as old as the American social fabric: a kid grows up watching his favorite stars play baseball on television and pretends to be them, playing in the sandlot or their backyard. Wiffle ball home run derbies and classic neighborhood battles commence. But what can real estate agents learn from the quintessential…
Real estate technology firm and iBuyer Offerpad hosted its Q4 earnings call on Monday, Feb. 24– and CEO Brian Bair had to answer some difficult questions from investors about the company’s performance and long-term plans. Bair offered some insight into the company’s home buying targeting, saying that they sought to expand their buy box from…
Consumer confidence took a nose dive in February, according to the monthly survey conducted by non-profit The Conference Board, below a critical threshold that signals a a possible recession “In February, consumer confidence registered the largest monthly decline since August 2021,” said Stephanie Guichard, senior economist at The Conference Board. “This is the third consecutive…
Existing-home sales fell by 4.9% month-over-month from December 2024 to January 2025, to a seasonally adjusted annual rate of 4.08 million. In spite of the month-to-month decline, sales were still up 2% nationally on a year-over-year basis—the fourth straight month sales were higher than the same time last year. Existing-home sales also slumped in three…
Builder sentiment took a significant reduction in February, declining by five index points over tariff, building cost and mortgage rate concerns, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The index, measured on a zero to 100 spectrum, with anything higher than 50 indicating a majority of homebuilders are…
A new report by Zillow shows that sellers are in a more advantageous position than buyers, so much so that they’re willing to overlook high rates and sell despite this potential pitfall, due to record levels of accrued equity. This is evidenced by Zillow data, which showed a record high number of price cuts for…
January saw 30,816 U.S. properties with foreclosure filings—which include default notices, scheduled auctions or bank repossessions—an increase of 8% month-over-month, but a 7% decline year-over-year. A little under 3,000 (2,973) properties were repossessed via foreclosure in January, a just under 1% increase from December, but a year-over-year decline of 25%. This continued a downward trend…
Real estate business success often results in part from simple actions that accumulate in the “bank” over time. Building goodwill in your local community can be an important part of that equation so be sure to get out there and mingle and be a part of your city or town’s events. Sometimes the best exposure…
Total nonfarm payrolls increased by 143,000 in January, while the unemployment rate ticked down slightly to 4%, the U.S. Bureau of Labor Statistics reported on February 7. Job gains were in the healthcare, retail trade and social assistance sectors, while job losses were seen in the mining, quarrying and oil and gas extraction industries. While…
A new report shows owning a home in the United States is still more affordable than renting certain properties in the majority of markets, but both are financially burdening, and in some cases, rental prices are outpacing shifts in median home prices. ATTOM Data’s new 2025 Rental Affordability Report released this week shows both owning…
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