Contract signings are up again, which means pending home sales are back in action. June’s Pending Home Sales Index (PHSI), a monthly forward-looking indicator measured by the National Association of Realtors (NAR), grew 1.5 percent to 110.2 in June from an upwardly revised 108.6 in May after declining for three straight months. “The first half […]
I’m working on a new weekly email featuring my thoughts on the industry and more. Check out last week’s here (“When the real estate vs. tech clash hit rock bottom”). Send me feedback at brad@inman.com. And if you would like this in your inbox every Friday, sign up here: (function() { var qs,js,q,s,d=document, gi=d.getElementById, ce=d.createElement, […]
Redfin CEO Glenn Kelman didn’t sleep well last night. But that’s not because he had butterflies over Redfin’s looming IPO: He’s just a little sick, he said in a conference room at the Nasdaq building this morning. “Don’t speak because you’re losing your voice,” his wife told him. But while Kelman may be battling a […]
In the determined search for affordable housing, buyers often discover that the perfect home isn’t always in the perfect area. Unfortunately, many buyers end up compromising on what neighborhood they’ll live in, which directly impacts the quality of schools their child can attend. As luck would have it, there are some places where first-time buyers […]
Brent Thomson West Coast-based independent real estate firm Pacific Union International is expanding its leadership team with the appointment of Brent Thomson to the newly created position of COO, effective August 1. Thomson is currently president of the Pacific Union International Marin region, where mortgage industry veteran Ed Lynch will be coming in as senior […]
After years of steady improvements, mortgage services appear to be backsliding, according to the latest study from J.D. Power. They haven’t stooped to the low bar set by United Airlines, which is now infamous for dragging a customer off one of its flights. But some mortgage customers say they are getting better service from their […]
The housing market has experienced multi-year gains in home price growth, which has made it harder for millennials, young families and those with lower incomes to jump into homebuying. Instead of purchasing lower priced fixer-uppers, would-be buyers have decided to continue renting in the midst of record-high apartment construction that has caused rental price growth to […]
Events are moving fast, this account timestamped mid-afternoon Friday. The economic news is excellent. The other news is not. The first estimate of second-quarter GDP arrived this morning, plus 2.6 percent annualized. Q1 was revised down from 1.4 percent to 1.2 percent. Add the two quarter results together, divide by two, and we have 1.8 […]
What’s the real estate industry’s worst nightmare? That Zillow Group launches a real estate brokerage, of course. Zillow Group has vowed never to do this, but a new service from rental listing site Zumper serves as a reminder that the temptation to slide into the brokerage business can be tough to resist for some property-search sites. In […]
How do you quantify how difficult it is for developers to break ground (and finish) a new building in a given city? When Issi Romem, chief economist at BuildZoom (an online remodeling marketplace), was asked to help a reporter at The Wall Street Journal find the toughest places to build in the country, he realized that […]
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SAN ANTONIO/SOUTH TEXAS AREA: Atascosa, Bandera, Bexar, Comal, Dimmit, Guadalupe, Karnes, Kendall, Kinney, La Salle, Live Oak, McMullen, Medina, Uvalde, Zavala, Zapata
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