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Real Estate

Pittsburgh, Cleveland top global metro affordability list

Affordable housing, Cleveland, Existing home sales, Home Price Appreciation, Home Sales, Housing Inventory, Housing Market, HWmember, Ohio, Pennsylvania, Pittsburgh, Real Estate /

Pittsburgh and Cleveland rank as the world’s most affordable major housing markets, but a new report finds that not a single metro area among 95 studied actually qualifies as affordable. The annual Demographia International Housing Affordability report — released by Chapman University — measured affordability by dividing median home prices by median household incomes. Pittsburgh […]

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Homebuyers seek independent research, but still want a real estate agent

Agent, Cotality, First-Time Homebuyers, Homebuyers, Homebuying, HWmember, Real Estate, Real Estate Agents /

From business practice changes, to a slowing housing market, to rapidly advancing technology, real estate agents have had to adapt quite a bit over the past few years. Still, homebuyers find them more important than ever. Data from Cotality shows that while more than 500,000 agents have entered the industry over the past decade, home

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Home purchase cancellations hit 8-year high

Florida, Home Sales, Housing Inventory, HWmember, Pending Home Sales, Real Estate, Redfin, Texas /

Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point

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 Rising insurance costs cut into buyer affordability

Affordability, Climate Change, Homeowners insurance, Housing Market, HWmember, Insurance, Real Estate /

Housing affordability is taking center stage this fall for the Trump administration. From President Donald Trump’s early executive order ordering the heads of all executive departments and agencies “to deliver emergency price relief,” to Treasury Secretary Scott Bessent highlighting housing affordability as one of his “big projects,” the affordability crisis is clearly top of mind.

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Fractional home ownership is breaking barriers: How Pacaso is taking the lead

Homeownership, Housing Market, Pacaso, Real Estate, Real Estate Investing, Sponsored /

Survey finds affordability and financing are driving more buyers into the second-home market In today’s economy, traditional ownership is increasingly inaccessible and misaligned with the real estate landscape. Ongoing issues with low inventory, high home prices, elevated mortgage rates, and down payment obstacles make whole-home ownership more challenging, especially for younger buyers. Against that backdrop,

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eXp Realty embraces digital twin tech to transform workflows

Artificial Intelligence, Brokerage, eXp Realty, HWmember, Real Estate, Technology /

For eXp Realty, artificial intelligence (AI) is not a side project — it’s a company-wide mandate. Following a session at HousingWire’s AI Summit where eXp chief technology officer Sumanth Kamath talked about how the company was utilizing digital twin technology, HousingWire sat down with  eXp CEO Leo Pareja and International Director Felix Bravo to find

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ERA Real Estate expands in Colorado

Anywhere, Brokerage, Colorado, Denver, HWmember, Mergers and Acquisitions, Real Estate /

LUX Real Estate Company ERA Powered has expanded with the acquisition of Vail Real Estate Center, the firm announced this week. The Cherry Creek North, Colorado-based brokerage — founded and led by Emily Duke — will now have a presence in one of the state’s most competitive resort markets. Founded in 2013 by longtime Vail

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Former DOJ official blames lobbyist for weaker antitrust scrutiny

Commission Lawsuit, Department of Justice, HWmember, Legal, National Association of Realtors, Politics, Real Estate, Regulatory, Sitzer/Burnett, Trump administration /

Roger Alford’s time at the Department of Justice (DOJ) may have been brief — much to the relief of the real estate industry — but that doesn’t mean he doesn’t have thoughts on his time there.  Alford, a law professor at Notre Dame who served as an expert witness testifying against the real estate industry

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Existing home sales surprise with positive growth in July

Existing home sales, Home Sales, Housing Inventory, Housing Market, HWmember, National Association of Realtors, Real Estate /

Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker, we’ve noted that year-over-year data should turn positive

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Survey: Job insecurity leading to home purchase delays

Affordability, Agent, Employment, First-Time Homebuyers, Gen Z, Home Prices, Homebuying, HWmember, Millennials, Real Estate, Redfin, Unemployment /

More than two in five American workers say concerns about job security are causing them to delay or cancel a major purchase such as a car or home, according to a new Redfin-commissioned survey. The survey found that 44% of employed U.S. residents put off or scrapped such purchases. Another 30% said they had already

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