Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share in at least five … Read more
Real estate giant Compass is suing Zillow, alleging that the online property website is violating antitrust laws with a new rule that bans home listings from its platform if they appear on any other service for more than 24 hours before being posted on Zillow. Zillow’s rule, announced by the company in April, took effect … Read more
The median home sale price in the U.S. just touched a record high, but new data shows that buyers are nevertheless paying below asking price. The median sale price hit a record $396,500 for the four weeks ending June 15, or a 1% increase from a year earlier, according to a Friday report from Redfin. But … Read more