Commercial landlords push for vacant retail space to aid COVID response



Commercial real estate, particularly in the retail market, has suffered badly due to the COVID-19 pandemic as public health restrictions have forced many businesses to close or scale back their operations. Now, some real estate experts are suggesting that the vacant retail space could be used to provide tests or administer vaccines to help cities […]

Agents expect more bidding wars throughout 2021



With housing inventories low and home values rising by double-digits over the past year, sellers are holding firm on the price they demand. A recent survey by the real estate agent referral firm HomeLight has found that 52% of agents believe the biggest challenge sellers will face in 2021 is the temptation to overprice their […]

Home builders are cashing in on rental demand



Building firms are constructing more single-family homes specifically for the rental market, and that means a growing proportion of new homes will never be listed for sale. Experts say the rising number of build-to-rent homes could lead to greater competition for buyers who’re already struggling with low inventories, particularly in the entry-level price bracket. The […]

Redfin survey shows greater optimism for housing in 2021



Around 60% of home buyers and sellers said in a survey by Redfin that they’re optimistic that the housing market will improve in 2021, which is a big leap on what people said in a similar survey the previous year. High earners and homeowners are the most upbeat about housing’s prospects, the survey of 1,400 […]

Biden to provide $25 billion in rental assistance



U.S. President-elect Joe Biden last week announced a stimulus plan worth $1.9 trillion that included several housing-related proposals aimed at helping people to stave off the economic impact of the coronavirus pandemic. The proposals would extend the moratorium on evictions and foreclosures until Sept. 30, provide an additional $25 billion in rental assistance to help […]

Covid-19 vaccine rollout could lead to higher inventories and lower prices



Covid-19 vaccines are now being rolled out in the U.S., and their introduction could soon impact on the trajectory of the housing market, experts say. Some say that more housing inventory will arrive on the market in the coming months as the vaccination campaign gathers momentum. They believe that many would-be home sellers are delaying […]

iBuyer revenues slump amid high market demand



iBuying companies are experiencing a slump in sales during a time when many thought the opposite might happen, as they provide a contactless way to sell a home. Opendoor, the biggest iBuying company, has seen its revenue fall by almost half in the past year, and said it doesn’t expect its business to recover properly […]

Online brokerage Compass is planning an IPO



Online real estate brokerage Compass is planning to go public via an initial public offering. The company has filed a draft registration with the U.S. Securities and Exchange Commission ahead of the move. The number of shares it will offer and the price range and timeline for the offering have not been determined yet. Compass, […]

FHFA considers changes to the home appraisal process



The home appraisal process could be about to get a makeover, as the Federal Housing Finance Agency has requested public input on its policies and practices regarding the way they’re carried out. The FHFA is the body that regulates the mortgage financing giants Fannie Mae and Freddie Mac. Home appraisals are an important step in […]

Chicago brokerage fires agent over U.S. Capitol protest



A Chicago-based real estate brokerage has severed ties with one of its agents after she took part in Wednesday riot at the U.S. Capitol The brokerage, @properties, said it took action against Libby Andrews (pictured) after she posted on social media about her presence at the riot on Wednesday. Andrews later said she did not […]