The median age of homes purchased nationwide reached a record high of 36 years in 2024, a significant jump from 27 years in 2012, according to an analysis released Monday by Redfin.
The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Buyers are increasingly turning to older properties, often out of necessity rather than preference.
Roughly six months after leaving Side, Steve Capezza has landed at Anywhere Real Estate.
Capezza will serve as Anywhere’s senior vice president of growth and M&A. He will report directly to Sue Yannaccone, the president and CEO of Anywhere Brands and Anywhere Advisors, according to an announcement on Monday.
Home Equity Investment (HEI) is a relatively new option for private equity real estate investors, and one that carries significant promise. Essentially, is a secured contract where a homeowner receives cash today for a share of the home’s future value at a refinancing or sale event. Unlike a loan, there are no monthly payments or interest. HEIs are attractive to homeowners because the payment comes in an interest-free lump sum, rather than being spread out over a period of time and including interest, and because they don’t carry the same stringent requirements as traditional home equity loans.
As renter expectations shift, property managers and owners are forced to rethink operational efficiency. Property management has heavily relied on outdated processes designed for yesterday’s renter. Many often deal with lost keys, wasted time during client no-shows, and inefficient access that create daily challenges that can be resolved with a more digital approach. To address these issues, property managers must adopt solutions that modernize access, minimize friction, and streamline daily workflows.
eXp Realty has launched a new land and ranch division to serve real estate agents who specialize in rural, agricultural and recreational properties, the company announced this week.
The new division is designed to support agents working in a growing sector of the housing market with tools tailored to land and ranch transactions.
Thousands of Minnesota residents who lost homes over property taxes may now be eligible for compensation, following a landmark U.S. Supreme Court ruling and a resulting $109 million class-action settlement fund.
The case began with Geraldine Tyler, a 94-year-old Minneapolis woman who owed $15,000 in property taxes on her condominium.
CoStar Group is using Boost, its new Homes.com marketing feature, in an attempt to counter the bans by Zillow and Redfin on listings that are publicly marketed prior to being entered into the MLS.
On Thursday, CoStar Group CEO Andy Florance told Inman News that Boost will be free for listings impacted by the Zillow and Redfin bans.
While the real estate brokerage community battles it out over the National Association of Realtors’ (NAR) Clear Cooperation Policy (CCP), lawmakers in one state have taken things into their own hands.
Federal prosecutors have expanded their case against the Alexander brothers.
In a superseding indictment filed Thursday in a Manhattan federal court, prosecutors added six more charges against one or more of the brothers. The charges are related to sex trafficking involving four additional women, including one minor. The federal case now includes a total of nine charges of sexual trafficking involving six women.
The heated debate around the Clear Cooperation Policy (CCP) has roiled the real estate brokerage space as a result of fierce pushback on the rule from Compass.
But company CEO Robert Reffkin has a question amid what he characterized as “negative narratives and scare tactics.” What’s the downside for a home seller of Compass’s “three-phase marketing” strategy?
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