Researchers call for more fire-resistant homes



Researchers are looking into ways to protect homes from wildfires as millions of acres across the U.S. are once again being burnt out of existence. The Insurance Institute for Business & Home Safety’s research team is focusing on what causes homes to ignite during a wildfire, and it found that 90% of homes were first […]

The pandemic has forced millions of young people to move back home



Millions of young adults have moved back home with mom and dad since the COVID-19 pandemic began, and now, the majority of 18-to-29 year olds are said to be living with their parents. That surpasses a previous peak that was set during the Great Depression, the Pew Research Center reported. The survey by Pew found […]

Opendoor announces it’s going public via a merger



iBuying company Opendoor is going public. It’s planning to merge with Social Capital Hedosophia Holdings Corp. II in a deal that will see it become a public company, with a value of $4.8 billion. Opendoor is going public via a special purpose acquisition company, according to Bloomberg. SPACs provide startups with a faster route to […]

Study finds that 75% of homeowners could reduce their mortgage payment through refinancing



With the 30-year fixed-rate mortgage at an all-time low, the pool of homeowners that could benefit from refinancing and lower their monthly mortgage repayment has increased dramatically, experts say. In fact, some 75% of homeowners, or around 19.3 million, could benefit, according to data from mortgage software and analytics firm Black Knight. That’s the largest […]

iBuyers bounce back as COVID-19 continues



The so-called iBuying industry is facing its biggest challenge yet in the face of the COVID-19 pandemic, and it has responded by purchasing fewer homes than it has done in the last three years, according to research by Redfin. iBuying giants including Opendoor and Zillow Offers largely stopped making instant cash offers on homes when […]

Sellers still call the shots, but market dynamics could change



Realtor.com said in its latest Weekly Recovery Report that the housing market is still outperforming historical standards, with average home prices rising to new highs and homes selling faster. Danielle Hale, chief economist at Realtor.com, said sellers continue to call the shots in the housing market today, with new inventory vanishing almost as soon as […]

WeWork encourages more use of its outdoor office space



Real estate office startup WeWork is promoting outdoor work spaces, believing that the idea may well appeal to companies who’re conscious of the risk of asking their employees to return to work in confined spaces. The company, which rents out co-working space, says that more than 150 of its 843 total office locations now feature […]

Investors turn to farmland as “safe haven”



Farmland in America has reached a record high value, at a time when growing planting and maintenance costs are leading to diminished financial returns in the agricultural sector Recent data from the U.S. Department of Agriculture shows that cropland in America is currently worth $4,100 per acre on average, matching record highs set in 2015 […]

CoreLogic: Condo inventory and sales growing fast



Condominium sales rebounded in June after taking a massive hit at the start of the coronavirus outbreak in the U.S., reaching a new year-over-year low point in May. That drop followed a late 2019 surge in condo sales, when the sector was growing at an even faster rate than that of single-family detached homes, CoreLogic […]

Report: A growing divide emerges in the housing market



There’s a growing divide in real estate, with some home shoppers fortunate enough to be able to buy newer and bigger homes, while others who have experienced job losses face losing their current home. The U.S. unemployment rate grew to 8.4% in August, and many Americans have been left struggling to pay their mortgages or […]