Builders tout luxury townhomes for millennials



Wary of a slowdown in the residential real estate market, U.S. building firms are increasingly trying to tempt wealthy young adults into buying property through the concept of luxury townhomes. The luxury townhomes sport features such as open floor plans, high ceilings and luxury amenities that builders hope will convince high-flying millennials to buy their […]

Home trade-in startup Knock raises $400M funding



Knock, a real estate startup that buys homes directly from homeowners, similar to the better-known Opendoor, has brought in a $400 million investment to accelerate a national expansion and double its 100-person headcount. According to the company, the new funding will allow it to continue its nationwide expansion, add employees, and perhaps most importantly, advance […]

San Jose to be “hottest housing market” in 2019



Zillow has presented its annual list of the hottest housing markets, and says that the Silicon Valley city of San Jose in California is expected to grow the fastest in 2019. It marks the second year in a row that a Silicon Valley city has earned that distinction, but Zillow says things could be different […]

LA builders offer incentives as home sales slump



Builders are increasingly offering buyers incentives in order to help sell their homes, with promotions including paying the closing costs, buying down mortgage rates and even straight discounts, which is a move they’re normally reluctant to make. “We are really working a little bit harder to get people in the door and to get people […]

Feds likely to pause interest rate hikes, for now



After raising interest rates several times in 2018, the Federal Reserve seems likely to hold off on any further increases. During the Fed’s latest meeting this month, board members agreed not to raise the benchmark interest rate now or at its next meeting in March. Still, Federal Reserve officials did say they can expect to […]

Gary Keller rejoins Keller Williams as CEO



Keller Williams cofounder Gary W. Keller is returning to the company as its new CEO, a role that he stepped down from back in 1995. He replaced the previous incumbent John Davis, as of last week. In a statement, Keller said he was returning to help the company focus on its technology transformation and to […]

First time buyers earn $12K a year more than median national income



Buying a home is one of the most expensive transactions most Americans will make in their life, and breaking into the housing market can be especially difficult for first-time buyers. A new RealEstate.com analysis finds that the typical first-time buyer earns more than the median household income, helping them afford to buy a home. The […]

Chinese interest in U.S. real estate grows



Chinese have ranked as the top foreign buyers of residential homes in the U.S. for six straight years. Traditionally, Chinese buyers have mostly focused on buying higher-end homes, but these days they’re increasingly looking at low-priced properties as well, the National Association of Realtors says. Up until recently, most Chinese buyers have snapped up million-dollar […]

Government shutdown leads to thousands of missed mortgage payments



The effects of the federal government shutdown on the housing market are wide-ranging and personal — unpaid workers still have to pay their mortgage or rent, while aspiring homeowners might see their loans in limbo. About 800,000 workers aren’t being paid (about 380,000 are furloughed and another 420,000 are working without pay), and still must […]

Airbnb blocks crackdown law in New York City



Airbnb has won a key legal battle in New York City against officials who were trying to curb its activity in the city. Judge Paul A. Engelmayer of the federal district court in Manhattan blocked a new law that was set to take effect in February, which was designed to curtail what authorities say are […]