Redfin to acquire RentPath for its apartment listings

Online real estate brokerage Redfin has said it will acquire the apartment search giant RentPath Holdings Inc. and combine that company’s listings with its own platform. The idea is to create a more comprehensive platform where people can search for a home to rent or purchase, Redfin said. The acquisition will add around 20,000 apartment […]

5 Things You Should Do Right After Becoming a Homeowner

Becoming a homeowner is one of the most rewarding feelings in the world, and it’s one of the grandest steps you can take in life. You probably went through a lot of trouble to find the right property for the right price, and now that the home is yours, you’re keen on settling in as […]

Florida agent is brutally honest about one “decrepit” listing

A Zephyrhills, Fla., real estate agent has opted to take a brutally honest approach in order to try and sell a $69,000 decrepit, three-bedroom home, and the no-holds-barred method has met with some success. “‘Here it is, literally the worst house on the street!,” Philippa Main wrote in her listing description. “The seller has done […]

Miami-Dade Total Home Sales Continue Surging in January 2021

Miami-Dade County total home sales posted a double-digit increase for the fifth consecutive month in January 2021 as pent-up demand and record-low mortgage rates continue fueling transactions, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Miami-Dade County total home sales jumped 19.1% year-over-year in January 2021, from 1,857 […]

The Most Common Home Buying Real Estate Contingencies

Contingencies in Real Estate Explained Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. From a buyer’s perspective, a real estate contingency is an escape clause that can be used under defined […]

8 Things You Should Know Before Investing in Real Estate

Real estate investing has almost gone by the wayside in this unique pandemic era. Real estate has exploded in the last year and investors may find themselves scrambling to buy. On the other end of the scale, a lot are choosing to offload their rental properties based on increased home values and what they could […]

Lumber prices rise again, impacting home affordability

Lumber prices hit another record high last week, with the price having risen now by more than 170% in the last 10 months, according to a report by the National Association of Home Builders. That’s bad news for buyers, as home builders have responded by increasing the prices of new homes. The soaring cost of […]

Investors are bulk buying inner city condos on the cheap

While the suburbs are making a comeback with homebuyers as seek out more space for themselves during the pandmic, investors are playing a longer-term game, betting on condos and a return to the city when the pandemic subsides. The Wall Street Journal says that investors in Manhattan are being lured by reduced prices and are […]

Bidding wars heat up, but buyers are undeterred

Home buyers in the U.S. are facing increasingly fierce bidding wars, but even as prices rise and competition heats up, they’re not giving in. A new survey by the National Association of Home Builders last week found that around 40% of prospective home buyers have been unable to purchase one because they keep getting outbid, […]

Affordable Housing Crunch Continues Growing – Are Hotels a Partial Answer?

The affordable housing crunch doesn’t affect only first time homebuyers. It also affects renters and ultimately the entire economy. The affordability problem was bad in 2019 and became worse in 2020, substantially due to COVID-19. Harvard University’s State of the Nation’s Housing 2020 report (sponsored by Habitat for Humanity), defines “housing cost burdened” as spending […]