From Our CEO
The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
The typical Los Angeles homeowner stays put for 19.4 years, longer than any other U.S. metro and the longest span on record for the area.
America’s Wealthiest 1% Could Buy 99% of America’s Homes
The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the
The Rise of the Rich Renter
Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks.
Rocket is Buying Redfin
Email from Redfin CEO, Glenn Kelman VERY BIG NEWS Redfin, We’ve entered into an agreement for Rocket Companies to buy Redfin in an all-stock deal
Mortgage Rates May Tick Down After Soft February Jobs Report
A mildly disappointing February jobs report may lead to a small tick down on mortgage rates as investors price in expectations for future labor market
New Apartments Are Filling Up at Nearly the Slowest Pace on Record, But That May Change as Builders Pull Back
Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction
The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It’s Closer to 20 Years.
The typical Los Angeles homeowner stays put for 19.4 years, longer than any other U.S. metro and the longest span on record for the area.
America’s Wealthiest 1% Could Buy 99% of America’s Homes
The combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion, almost the same as the combined value of all the
The Rise of the Rich Renter
Affluent renters have become more common in 35 of the 50 most populous U.S. metros since 2019, with Raleigh and Orlando seeing the biggest upticks.
Rocket is Buying Redfin
Email from Redfin CEO, Glenn Kelman VERY BIG NEWS Redfin, We’ve entered into an agreement for Rocket Companies to buy Redfin in an all-stock deal
Mortgage Rates May Tick Down After Soft February Jobs Report
A mildly disappointing February jobs report may lead to a small tick down on mortgage rates as investors price in expectations for future labor market
New Apartments Are Filling Up at Nearly the Slowest Pace on Record, But That May Change as Builders Pull Back
Just 47% of newly-built apartments completed in Q3 were rented within three months as a record number of new apartments hit the market. But construction
