Home prices in November climbed nearly 6% year-over-year

U.S. home prices rose 0.4 percent from October to November and 5.8 percent year-over-year, according to data from the Federal Housing Finance Agency.

Existing-home sales decline in December after 2 months of gains

Existing-home sales declined 6.4 percent in December to a seasonally adjusted rate of 4.99 million, following two straight months of consecutive gains.

This one barrier is keeping us from innovating

Brokers and MLSs don’t speak the same lanugage. In this article, Sam DeBord decodes the translucent industry lingo surrounding MLS consolidation.

Want to update your listing presentation for 2019? Try Virtual Properties

This white label-ready, MLS-data-driven app is the best CMA tool you haven’t heard of.

400,000 fewer young people are buying homes due to student debt

The rise in student debt — which more than doubled from 2005 to 2014 — has resulted in hundreds of thousands of fewer young people owning a home, according to a new study from the Federal Reserve.

Builder confidence rises due to falling mortgage rates

Builder confidence for newly built single-family homes is rising due to falling mortgages, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The HMI rose 2 points in January to 58 on an index that grades any score above 50 as builders viewing conditions more good than poor. Last month, the HMI hit a three-year low. 

It’s significantly harder to buy a home now than it was 1 year ago

A typical U.S. family in November had more difficulty purchasing an existing family home at the national median price than one year ago, according to NAR.

Why is Purplebricks’ backer betting hard on hybrid agents?

Axel Springer, the $6 billion European media house, is going “all in” with online hybrid agents through its investments in Purplebricks and Homeday. It’s making a calculated bet that competing with its real estate agency customers is the best long-term…

Unpaid government workers owe $438M in mortgage and rent this month

Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month.

Attom Data Solutions acquired by private equity firm

Lovell Minnick Partners announced Tuesday it had completed its acquisition of Attom Data Solutions, the real estate data and analytics company.