January’s inflation report came in hotter than expected, with the shelter category increasing 0.4%—up from 0.3% in recent months.   While the overall shelter inflation component of CPI did tick up to a monthly increase of 0.4% from 0.3%, the increase was due to “lodging away from home”—meaning hotel prices—which jumped to 1.4%.   The “lodging away from home” number is volatile: In the past three months it has ranged between -2.5% and January’s 1.4%. Despite the volatility, the “lodging away from home” component makes up only 3.6% of the overall shelter category and 1.292% of the total CPI figure. The more important rent of primary residence and owners’ equivalent rent categories—which include the rent that renters pay and homeowners could receive if they rented out their home instead of living in it—increased 0.3%, which is the same as increases in recent months. It is also true that the rent measures in …

Homebuyers, take note: Many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount.  Today’s average home listing is selling for under its asking price, and taking a long time to sell. While that’s not ideal for sellers, it’s good news for homebuyers who have been grappling with high housing costs and a shortage of inventory. Redfin data as of January shows that nationwide, buyers may have more room for negotiation than they have in several years: The typical U.S. home is selling for 1.8% less than its asking price, the biggest discount in nearly two years.  The typical home that sells is taking 56 days to go under contract, the longest span in nearly five years.  More than half (56%) of listings are sitting on the market for at least 60 days without going under contract, roughly the …

CoreLogic’s partnership transformed Figure Technologies into a top non-bank HELOC lender   Overview Figure Technologies needed a real-time, reliable property data solution to scale its marketplace and streamline home loan origination to revolutionize lending. By integrating CoreLogic’s API and CLIP™ technology, Figure gained access to instant property data, accelerated HELOC funding, and enhanced marketing efforts. This significantly improved lead conversion and loan processing speed.  Figure became the nation’s top non-bank HELOC lender, funded over $12.5 billion in home equity, and reduced loan costs. These advancements earned them industry recognition for fintech innovation and efficiency.  In the fast-paced world of fintech, having a great idea is just the beginning. The real challenge lies in effectively implementing that idea to drive growth and deliver results. For Figure Technologies, a fintech company focused on revolutionizing the financial services industry through digital financial solutions, forging a path to success required nimble operations to adapt to …

Most of Redfin.com’s most-viewed listings have two things in common: They’re located in tech hubs, and they’re expensive.  Seven of Redfin.com’s 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle’s eastside suburbs. One was in the Los Angeles neighborhood of the Pacific Palisades, which attracted a lot of attention in January due to the devastating wildfires that swept through the area.  Nine of the 10 most-viewed listings are priced at more than $1 million, and five are priced at more than $2 million. That’s well over the median U.S. home-sale price of roughly $430,000. Here are the 10 most-viewed listings on Redfin.com in January: 1171 Ironstone Ct., San Jose, CA 95132: Listed for $1,497,000 7307 Kolb Pl., Dublin, CA 94568: Listed for $1,297,000 3558 Sequoia Common, Fremont, CA 94536: Listed for $544,841 14638 SE …

Although U.S. home sales decreased in 2024 compared with 2023, some metro areas still posted substantial sales growth   Daniel Boswell provided the research and analysis for these insights As housing markets begin to normalize after the country’s post-pandemic sales explosion, sales have been highly scrutinized. Despite the nation’s 2024 housing inventory being well above 2023 levels for most of the year, national sales were near or below 2023 volumes for most of 2024, according to CoreLogic MLS data. However, in examining metro-level sales figures, it turns out that there are quite a few cities that were well above the national sales levels.   Markets Where Home Sales and Prices Grew in 2024  Home sales and price change trends varied greatly by geography in 2024. For example, while sales dropped by about 35% in the Cincinnati metro, prices were up by 4%. Meanwhile some relatively expensive markets — including San Jose; Anaheim, …

Julie Granahan is a Redfin Premier agent in the greater Seattle area, specializing in West Seattle and Burien. She originally joined Redfin in 2016 and quickly became one of the brokerage’s top-producing agents. She rejoined us in June 2024 after two years at Compass. We caught up with Julie to hear more about her experience coming home to Redfin. What brought you back to Redfin? I missed a lot of things about Redfin, but Redfin Next was the biggest factor that brought me back. I remember reading a news article about it as soon as the pilot launched. I was at Compass at the time, and as much as I loved real estate, I didn’t love all the aspects of running the business. I thought, wouldn’t it be great if I could still sell homes, make commission, and have support and have someone take care of all the business stuff …

Barber recognized among the leaders whose power and influence are shaping the future of real estate IRVINE, Calif. – Feb. 10, 2025 – ATTOM, a leading curator of land, property data, and real estate analytics, is pleased to announce that Rob Barber, CEO, has once again been named a recipient of the annual Inman Power Players award.  This award recognizes those individuals charting a course toward a brighter tomorrow for the real estate community. Barber is featured on this year’s list of 143 notable individuals from the residential real estate, mortgage, finance and proptech ecosystems. The 2025 Inman Power Players includes an impressive list of executives and founders — each of whom has the ability to play a key role in shaping the future of the residential real estate industry. This As CEO of ATTOM, Barber leads the company’s enterprise strategy, customer engagement, and corporate operations, fueling its rapid growth and innovation as a premier …

Nationwide, the median asking rent was little changed from a year earlier, down 0.1% to $1,599. But rents may inch up if demand outstrips supply in a big way, which is feasible because apartment construction is slowing and high homebuying costs are fueling renter demand. The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier. The median asking rent per square foot fell 1.5% year over year to $1.80 and rose 0.8% month over month.  Rents are stabilizing because the number of available apartments is in sync with the number of people who want to rent those apartments. Asking rents skyrocketed during the pandemic moving frenzy because there weren’t enough apartments to go around, then dipped in 2023 and early 2024 because builders ramped up construction to meet newfound demand. Now, the number of new apartments hitting …

Navigating construction material prices amid the new administration’s recent tariffs Insights and analysis for this piece were provided by Jay Thies and Pete Carroll Overview CoreLogic analysis suggests that tariffs could push home construction costs up by 4% – 6% over the next 12 months as material costs adjust to the new landscape. In some cases, tariffs could push prices up by double-digit percentages. The numbers refused to cooperate. No matter how developers crunched them, low-cost homebuilding was already a challenge. And under the new administration’s proposed tariffs, it looked even worse. Canadian lumber had climbed 14.5%. Concrete prices jumped 8%. Household appliances were expected to rise by as much as 20%. Suddenly, the question wasn’t how to build affordably — it was whether starter homes could be built profitably at all.  Yet without new housing supply, existing home prices will only keep rising, pushing affordability further out of reach.  …

According to ATTOM’s just released 2025 Rental Affordability Report, in over half of the county-level markets across the U.S., owning a home is more affordable than renting a three-bedroom property. WATCH: ATTOM #FiguresFriday – Top 10 U.S. Counties Most Affordable for Owning a Home The report reveals that both owning and renting remain challenging for the average U.S. worker, often consuming 25% to 60% of their wages. However, in nearly 60% of the 341 counties analyzed, major homeownership expenses for a typical single-family home still take up a smaller share of average wages than renting a three-bedroom residence. ATTOM’s 2025 rental affordability analysis found that despite median home prices rising faster than average rents over the past year, owning remains the more affordable option for those who can afford a down payment. The analysis also found that over the past year, median prices for single-family homes have risen more—or declined …