News / Features

Pending home sales finally grow year-over-year in June

The National Association of Realtors’ Pending Home Sales Index broke a 17-month streak of year-over-year declines to log an annual increase in June. Last month also marked the second month in a row in which nationwide pending home sales

With new funding round, Compass may soon go public

New York-based brokerage Compass just got yet another burst of funding—to the tune of $370 million. The latest funding round was announced Tuesday, and brings the total valuation of the company to $6.4 billion, a significant boost from the

Down payment assistance gains favor with buyers

As housing costs have continued to grow faster than the average buyer’s income, more are tapping into resources that can lower the substantial up-front costs of purchasing a home. But that could bring some major changes and a degree

New lead-gen tools, Nextdoor features and faster commission checks

BoomTown introduces new lead-gen tech Real estate sales and marketing platform BoomTown announced two new tools in its platform this week. The first is Success Assurance, which was created to help agents generate, qualify, and manage leads that are

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Economists: Recession likely in 2020 but housing won’t tank

A panel of economists and experts estimates that the longest period of economic expansion on record has a good chance of ending next year.  In their quarterly home price expectations survey, Zillow and Pulsenomics polled over 100 real estate

What do agents actually think about their income?

A new survey of agents across the industry commissioned by Redfin paints a picture of an industry in transition and perhaps in the midst of some soul-searching. The survey, the first of its kind overseen by Redfin, was done

Expert advice for families moving to a new neighborhood

Families may move for a number of reasons, like a new job or an expanding household. Of course, plenty of homebuyers seek out a home in advance of starting a family, too. Findings from WalletHub’s research compared more than 180

June home sales slip as affordable homes sell out

The national existing-home market nearly gave up the ground won in May with a less-than-stellar showing for June sales, according to the National Association of Realtors. Sales of existing homes in June came in 1.7 percent below the previous

Despite uncertainty, June new-home sales grow over last year

While sales of previously owned homes continue to underwhelm, housing market analysts are feeling more optimistic about sales of newly-built homes. The U.S. Census Bureau reported new-home sales in June came in at a seasonally adjusted annual rate of

Can Amazon revive Realogy? Ecommerce giant launches broker partnership

The only thing you can’t buy through Amazon is a house—right? No longer, apparently. Amazon and Realogy have partnered to offer a new service called TurnKey, which will match homebuyers with agents and offer users up to $5,000 in

Harvard report: Home remodeling growth could slow way down soon

The pace of growth in home improvement spending could soon slow to a crawl. That’s according to a new estimate by the Remodeling Futures Program at Harvard’s Joint Center for Housing Studies, which projects that spending on remodeling will

Millennials are feeling better about housing costs this year

Millennial homebuyers are a critical demographic for the housing market: They are now the largest generational cohort in the U.S. with a large share of them now of prime homebuying age. Millennials are currently in an age range in

Veterans in the legal weed industry face barriers to housing benefits

Many U.S. military veterans are learning the hard way that legal cannabis and federal bureaucracy often don’t mix well. Among them is a 35-year-old disabled Army veteran from Revere, Massachusetts, whose VA loan application was rejected. The reason involved his new

Agents support the rise of Hispanic homeowners

Hispanic and Latino-Americans comprise about 18 percent of the U.S. population, but have accounted for almost two-thirds of net growth in the U.S. homeownership rate since 2008. A recent report from the National Association of Hispanic Real Estate Professionals

How housing contributed to a record-breaking economic expansion

As of this month, the U.S. has seen 121 straight months of economic expansion since the Great Recession in June 2009, the longest-recorded period of economic growth to date. Housing has comprised 15 percent of the nation’s economic output

New mixed-use project coming to Cypress

Real estate firm i3 Interests is developing a mixed-use project to be called Telge Crossing two miles off the Barker Cypress exit of U.S. Highway 290. The project will occupy 24 acres of land and include 15,000 square feet