Homes

Opendoor Q4 Revenue, Homes Sold Plummet as CEO Looks to ‘Rescale Business’

Opendoor Technologies Inc., an e-commerce platform for residential real estate transactions, on Feb. 15 reported financial results for Q4 and full-year 2023. The numbers, like so many industry companies after the bruising year, were not good.  While the company earned $ 870 million in Q4 revenue, it was a 70% drop versus Q4 2022. A […]

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Webinar Recap: Top Real Estate Marketing Tools to Help You Sell More Homes

In the latest RISMedia webinar—“Top Real Estate Marketing Tools to Help You Sell More Homes”—panelists Riezl Baker, an award-winning luxury REALTOR® at Luxury Lake Oconee Real Estate Group; Sam Neumann, a Denver REALTOR® with Keller Williams Integrity Real Estate; and Stephanie Alfonso, the senior director of Sales Enablement and Field Education at Elm Street Technology,… […]

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Help Homeowners Maintain Their Vacation Homes

Owning a vacation house sounds idyllic, but even living in paradise requires preventive maintenance and ongoing care. Help guide your clients on smart planning. www.nar.realtor – Vacation, Resort, and Second Homes

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Why Demand for Vacation Homes Is Dropping

These factors are “hitting the second-home market much harder than the primary-home market,” says Redfin economist. www.nar.realtor – Vacation, Resort, and Second Homes

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Demand for Vacation Homes Slowing, Report Says

The pandemic-fueled second home boom may be coming to an end, but here’s why it will likely remain elevated compared to historical averages. www.nar.realtor – Vacation, Resort, and Second Homes

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Why Demand for Vacation Homes is Dropping

Rising mortgage rates and home prices are hitting the second-home market much harder than the primary-home market. www.nar.realtor – Vacation, Resort, and Second Homes

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Fewer New Homes Are Actually Complete When Sold

The Mortgage Bankers Association (MBA) is expecting that a higher volume of new home sales occurred in October than in the previous month, even as purchase prices rise. MBA says its Builder Application Survey (BAS) showed a 6 percent month-over-month increase in purchase applications even though they were down 15.2 percent from October 2020. That […]

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Fur-ever Homes: Pets Are a Motivator to Purchase

Analysis showed 43% of pet owners in the U.S. would be willing to move to accommodate their pet. www.nar.realtor – Research

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Underwater Homes Drying Up; Forbearances Decline; 3-Week Mortgage Rate Highs

Thanks to rising home prices. hardly any homeowners find themselves underwater on their mortgages and the few that do are concentrated in a few cities and towns. In fact, ATTOM says that more than one-third of mortgaged homes in the country are considered “equity rich” with a combined loan-to-value (CLTV) ratio below 50 percent. The […]

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Q&A Corner with Lawrence Yun: Vacation Homes, Inflation, and Cash Sales

NAR Chief Economist Lawrence Yun shares his thoughts on what’s happening in vacation home sales, with rising inflation, and the high number of recent all-cash home sales in the latest data. www.nar.realtor – Vacation, Resort, and Second Homes

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