The average buyer spends 124 hours searching for a home, survey finds



People are taking longer to decide on a home to buy, and many will view their short-listed properties more than once before making an offer, according to a new survey. Zolo, a Canadian real estate firm, said its survey of almost 2,000 recent home buyers that the average person spent around 124 hours, or just […]

Builders renew their focus on baby boomers



Builders are increasingly focused on catering to so-called baby boomers, or those aged 55-years and up, with communities designed especially for their needs. BUILDER reports that baby boomers are perhaps the most significant demographic for homebuilders, as they currently number around 76 million and hold around two-thirds of home equity in the U.S. And so […]

Report shows how mortgage firms stole black wealth in Chicago



Researchers from Duke University claim that African American homeowners in Chicago missed out on billions of dollars in wealth from 1950 to 1970, due to what it says were “racist real estate policies”. Throughout that 20-year period, African Americans living in Chicago bought 60,100 homes, of which, around 70% were sold on contracts that enabled […]

A quarter of U.S. adults have relocated for love



A quarter of U.S. adults say they’ve relocated to pursue a romantic relationship with the person they love at some point during their lives, and doing so generally pays off, according to a new survey. Some 27% of men said they’d relocated in the past compared with 23% of women respondents in the survey of […]

Zillow: ‘Gayborhood’ homes come at a premium



In most major cities in the United States, homes in gayborhoods are worth more than the typical home – in some cases several times more. To identify gayborhoods across the country ahead of Pride Month, Zillow analyzed data from the American Community Survey to find which neighborhoods have the highest share of same-sex couple households […]

NAR’s Yun forecasts new home sales boom in 2019



National Association of Realtors’ chief economist Lawrence Yun says home sales are likely to hit a 12-year high this year as builders race to meet demand for entry-level homes from first-time buyers. While existing home sales are likely to remain flat this year, new home sales should top 667,000, which would be the highest number […]

Redfin & RE/MAX cancel agent referral partnership after just 2 months



Redfin and RE/MAX are calling time on a partnership announced just two months ago that saw them agree to swap customer referrals in the U.S. and Canada. Through Redfin’s Partner Agents program, the two brokerages had agreed to refer customers to agents. However, RE/MAX is backing out of the deal following Redfin’s launch of a […]

SPIRE Realty Group’s Jordan Crow Talks About IoT Security & Automation



RealtyBiz catches up with Jordan Crow for the lowdown on SPIRE’s latest move into the PropTech space, the adoption of the ioTium solution.

iintoo Acquires RealtyShares – Puts $2.5 Billion Plus Under Management



Global real estate investment network iintoo has now acquired the assets of RealtyShares as part of a joint venture with RREAF Holdings, LLC.

VTS Closes Largest Software Funding Round In CRE History



VTS, a New York-based company has announced they’ve raised an additional $90 million in Series D funding led by Brookfield Ventures. In total the startup has gleaned $187.4 million since it’s entry seven years ago. According to the company, this funding round makes VTS the largest software venture in CRE history. According to the Wall […]