As of 2016, 71 percent of non-homeowners believe student loans are hindering their ability to buy, and more than half of those borrowers believe student loan debt will keep them from buying a home for at least another five years. WalletHub recently published its 2017 “States with the Most and Least Student Loan Debt” list, […]
After a string of less-than-stellar jobs reports earlier this summer, it seems that things are turning around for buyers just in time for the beginning of the fall buying season. The July 2017 Employment Situation Summary from the Bureau of Labor Statistics (BLS) shows that total non-farm payroll employment rose by 209,000 jobs last month and that […]
At least three more New York City brokerages have joined an industry boycott of Zillow Group — though some agents at firms participating in the revolt are apparently breaking ranks. Warburg Realty, Kleier Residential and Tungsten Property said they had stopped feeding listings to StreetEasy and other Zillow Group-owned sites and had adopted an industry-operated listing […]
Affordability continues to be an issue across the U.S., especially in densely populated large metropolitan areas such as New York City, Washington, D.C., San Francisco, Los Angeles and Seattle. The majority of studies about affordability focus on numbers, percentages and ratios, but don’t particularly explore the real-life ramifications for those who are bearing the brunt […]
Save My Spot The social media landscape is constantly changing with new platforms, trends, influencers … and even mo’ mentions. Learn the keys to harnessing that conversation to your advantage, whether you’re a large brand or a local real estate agent. This webinar will show you how agents and brokerages alike can improve their social […]
Overview You might call buyer’s agents the unsung heroes of real estate. These scrappy, loyal and ever-so-patient confidantes guide clients through endless tours, play family counselor during hectic bidding wars and ride a rollercoaster of emotions. Without the glory of a flashy listing, they navigate the home search jungle and ensure buyers have an adviser […]
This week’s news is mostly a tale of misinformation. But first, some reliable data. July payrolls released this morning grew by 209,000, enough to stop cold a decline in mortgage and other long-term rates and roughly double the monthly gain, which would stabilize the unemployment rate at today’s 4.3 percent — either stop hiring, or […]
Mark McLaughlin Los Angeles-based real estate firm Partners Trust is putting together a purported deal to sell at least a partial stake of the company to San Francisco-based Pacific Union International, the 8th largest brokerage in the country by sales volume, Inman has learned. Company officials would not comment on the deal. Partners Trust, led by […]
I’m working on a new weekly email featuring my thoughts on the industry and more. Check out last week’s here (“Homeselling’s like a ’60s skateboard — slow and about to change“). 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, […]
Glenn Kelman In private presentations to investors, Redfin laid out its long-term and disruptive vision of using technology to help buyers take more control over their home purchase by deploying easy-to-use transaction tools. This strategy allows the company — whose market cap has jumped over $2 billion since it went public last week — to […]
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