Realtor.com operates an online platform that connects real estate agents with homebuyers in the residential real estate market. For real estate agents, it provides resources such as industry insights, marketing strategies, and tools to enhance their business operations, including integration with the digital closing platform Qualia. Homebuyers can use Realtor.com to search for properties, connect with agents, and access information about the buying process. The company generates revenue through advertising and subscription services, allowing agents to pay for premium listings and advanced tools. Realtor.com differentiates itself by focusing on delivering valuable connections and insights to help both agents and buyers achieve their goals.

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California Bans Insurance Policy Cancellations In Boost To Property Owners. The Insurance Industry Prepares For Record-Breaking Losses    Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The yearlong ban that California’s insurance authority rushed to impose on cancellations in parts of Los Angeles hardest hit by wildfires was likely the last thing insurance companies wanted in the face of anticipated record-breaking claims. “Losing your insurance should be the last thing on someone’s mind after surviving a devastating fire,” Insurance Commissioner Ricardo Lara said in a statement. “This law gives millions of Californians breathing room and hits the pause button on insurance non-renewals while people recover.” Don't Miss:   The insurance commissioner is literally holding insurance companies’ feet to the fire. As Realtor.com reported, the moratorium on cancellations follows the commissioner’s unveiling of a new rule requiring private insurance firms to start writing new policies in high-risk areas if they wanted to keep doing business in California, but with the concession that they would be allowed to pass the costs on to their customers

California Bans Insurance Policy Cancellations In Boost To Property Owners. The Insurance Industry Prepares For Record-Breaking Losses

Mortgage rates rose this week to the highest level since May 2024 during a volatile period for the bonds that closely track them.The average 30-year mortgage rate jumped to 7.04% through Wednesday, up from 6.93% a week earlier, after strong employment data pushed yields higher on the Treasury bonds that are most closely linked to mortgage rates. Average 15-year mortgage rates also rose to 6.27%, from 6.14%, according to Freddie Mac.The latest jump in rates came after December’s jobs report showed that the US added 256,000 jobs that month, far more than expected. The strong hiring data caused traders to reevaluate their expectations for Federal Reserve rate cuts this year and sparked a steep rise in bond yields.“The underlying strength of the economy is contributing to this increase in rates,” Sam Khater, Freddie Mac’s chief economist,” said in a statement.It’s the fifth straight week that mortgage rates have moved higher. But in the coming days, prospective homebuyers might get some relief: Treasury yields have dropped sharply after a key inflation metric eased for the first time since July. As of midday Thursday, the 10-year Treasury yielded 4.61%, down from as high as 4.79% on Tuesday.Mortgage rates move primarily based on expectations about the path of benchmark interest rates set by the Fed. Traders now see even odds that the Fed will cut interest rates by May, up from a roughly 30% chance earlier this week, according to CME FedWatch data.“There are more wild cards than normal this year,” said Danielle Hale, chief economist at Realtor.com, adding that the new Congress and unknowns around President-elect Donald Trump’s return to office are likely weighing on rates

Mortgage Rates Top 7%, Hitting Seven-Month High. But Relief May Be In Sight

Mortgage rates rose this week to the highest level since May 2024 during a volatile period for the bonds that closely track them.The average 30-year mortgage rate jumped to 7.04% through Wednesday, up from 6.93% a week earlier, after strong employment data pushed yields higher on the Treasury bonds that are most closely linked to mortgage rates. Average 15-year mortgage rates also rose to 6.27%, from 6.14%, according to Freddie Mac.The latest jump in rates came after December’s jobs report showed that the US added 256,000 jobs that month, far more than expected. The strong hiring data caused traders to reevaluate their expectations for Federal Reserve rate cuts this year and sparked a steep rise in bond yields.“The underlying strength of the economy is contributing to this increase in rates,” Sam Khater, Freddie Mac’s chief economist, said in a statement.Read more: Mortgage and refinance rates today, January 16, 2025: Rates spike again, but this trend could changeIt’s the fifth straight week that mortgage rates have moved higher. But in the coming days, prospective homebuyers might get some relief: Treasury yields have dropped sharply after a key inflation metric eased for the first time since July. As of midday Thursday, the 10-year Treasury yielded 4.61%, down from as high as 4.79% on Tuesday.Mortgage rates move primarily based on expectations about the path of benchmark interest rates set by the Fed. Traders now see even odds that the Fed will cut interest rates by May, up from a roughly 30% chance earlier this week, according to CME FedWatch data.“There are more wild cards than normal this year,” said Danielle Hale, chief economist at Realtor.com, adding that the new Congress and unknowns around President-elect Donald Trump’s return to office are likely weighing on rates

Mortgage Rates Top 7%, Hitting 7-Month High. But Relief May Be In Sight.

New Report from Realtor.com® Finds Edwards, Colo., Myrtle Beach, S.C. and Heber, Utah are the Top Three Metros with the Highest Share of HOAs. SANTA CLARA, Calif., Jan 15, 2025 /PRNewswire/ -- As Americans grapple with housing affordability challenges, one more housing cost is on the rise, Homeowners Association (HOA) fees. According to a new report from Realtor.com® released today, more homes on the market last year had an HOA fee and those fees were more costly than the year before. When looking at monthly HOA fees shown on listings on Realtor.com®, 40.5% of for-sale listings in 2024 had a nonzero HOA fee, up from 39.2% last year with a median fee of $125/month, up from $110. "With a down payment and closing costs up front, and then principal, interest, taxes, and insurance every month after that, purchasing a home is already a financially daunting task, before adding in the rising cost of HOA dues," said Danielle Hale, chief economist at Realtor.com.®  "Homes like condos, townhouses and new construction single family homes in neighborhoods with ample amenities are more likely to have an HOA fee

Rising Hoa Dues Add To Homeowners' Affordability Challenges

Realtor.com is partnering with the REALTORS(R) Relief Foundation (RRF) to raise funds to support victims of the January 2025 Southern California wildfires.

Powerball Winner Edwin Castro's $3.8M Malibu Home Destroyed in L.A. Palisades Fire

Sentiments towards homeownership remain positive as Americans identify it as a life goal, but is it still seen as necessary to build long-term wealth?SANTA CLARA, Calif., Jan. 14, 2025 /PRNewswire/ -- The American Dream is alive and thriving, according to a new survey from Realtor.com® , which found nearly two out of three Americans (64%) identify homeownership as one of their life goals, while 50% believe homeownership is necessary to achieving long-term wealth."Home, and land, ownership has been a part of the American Dream for generations, and while current conditions around affordability and the availability of homes make ownership more challenging, many Americans still see that ideal of having a home that belongs to them as a key cornerstone of achieving both the American Dream and creating long-term wealth for themselves and their families," said Laura Eddy, VP Research and Insights, Realtor.com®.Homeownership Continues to be a Part of the American Dream, But is Desire Dropping?A majority, 75%, of Americans believe homeownership is part of the American dream, but the sentiment differs across generations. Baby boomers feel the strongest, as 84% see homeownership as an integral part of achieving the American Dream, while the rest of the generations agree but to a lesser degree, especially as they get younger: 74% of Gen X, 69% of millennials and 67% of Gen Z feel that owning a home is a part of the American Dream.That being said, the desire to own a home is still high, as Americans, particularly millennials (69%) and Gen Z (70%), identify it as a life goal, significantly more than Gen X (62%) and baby boomers (59%), potentially because they aren't as likely to own their home.Americans are Confident that Homeownership is AchievableAs sentiments towards homeownership remain positive, according to the Realtor.com® survey, more than half of Americans surveyed (59%) believe that homeownership is achievable for them. Baby boomers are the most confident when it comes to their ability to buy a home with 63% stating that homeownership is achievable, and, perhaps surprisingly, millennials are the next most likely to consider homeownership achievable (57%), followed by Gen X (55%) and Gen Z (54%).Interestingly, the age of homebuyers reached an all-time high in 2024. According to the National Association of Realtors® 2024 Profile of Buyers and Sellers, the median age of buyers peaked at 56 years old and the typical repeat buyer age is 61 years old, likely contributing to the bump in confidence for the eldest generation.Younger Generations Agree Homeownership is Integral to Building Long Term WealthWhen it comes to building wealth, millennials (53%) and Gen Z (52%) are more likely than their elders to believe that owning a home is necessary to building long term wealth. In fact, less than half of Gen X (48%) and baby boomers (45%) see homeownership as necessary for building long-term wealth, even though they are more likely to own their current residence

Three Out Of Four Americans View Homeownership As Part Of The American Dream

Bailey Rockwell Adrian Promoted to Vice President, Power BuyersTYSONS, Va., Jan. 10, 2025 /PRNewswire/ -- Custom Ink, the online leader in custom products and apparel for organizations, groups, and businesses, today announced that former Expedia Group and Realtor.com executive Arthur Chapin has joined the company as Chief Product, Design & Technology Officer, while current executive Bailey Rockwell Adrian has been promoted to Vice President, Power Buyers and will serve as the General Manager of a new unit serving these customers. Both executives will report directly to CEO David Doctorow in their new roles.Chapin will lead Custom Ink's newly centralized Product, Design, and Technology function, aligning these critical capabilities to build innovative solutions that meet Custom Ink's customer needs and drive growth across the business.Chapin brings nearly 25 years of experience to his new role, most recently serving as Chief Growth Officer at Move Inc./Realtor.com and, prior to that, working for more than two decades at Expedia Group in a variety of roles across Product, Technology and Design. At Expedia Group, Chapin led the organizational unification and platform strategy bringing Expedia, Hotels.com, and Vrbo onto one technology platform and lodging-focused team."Arthur brings a wealth of experience and a customer-first mindset to Custom Ink," said David Doctorow, CEO of Custom Ink. "I had the pleasure of seeing Arthur's leadership firsthand, as he championed collaboration, equity, and design thinking at Expedia and Realtor.com, and I look forward to working with him to build and deliver innovative digital products for Custom Ink that uniquely serve our customers."Rockwell Adrian joined Custom Ink in 2010 and has held a variety of leadership roles at the company, most recently as VP and GM of Printfection by Custom Ink, where she drove significant growth and operational efficiencies. She has also served as VP of Strategic Initiatives, Director of Strategic Development, and Director of Stores in prior positions at the company."Bailey has served in key roles across Custom Ink for nearly 15 years, while leading a wide range of key initiatives and business units, and she is the perfect person to bring together our diverse assets in the swag management space, including Swag.com and Printfection by Custom Ink, to better serve key corporate customers," said Doctorow

Custom Ink Names Arthur Chapin As Chief Product, Design, And Technology Officer

Homeowner Newbies Should Put Harrisburg, Penn., at the Top of their Search List. SANTA CLARA, Calif., Jan. 9, 2025 /PRNewswire/ -- For first-time homebuyers, the Mid-Atlantic and Florida are the best places to kickstart their home ownership journey in 2025. That's according to the 2025 Realtor.com® Best Markets for First-Time Homebuyers report, which ranked Harrisburg, Penn., as No. 1 followed by Rochester, N.Y., Villas, Fla., Lauderdale Lakes, Fla., Altamonte Springs, Fla., Lansing, Mich., North Little Rock, Ark., Baltimore, Tonawanda, N.Y., and Wilmington, Del. "Last year saw historically low activity for first-timers, with the group accounting for only 24% of successful homebuyers

Realtor.Com® Forecasts The 10 Best Markets For First-Time Homebuyers In 2025

Inventory of homes actively for sale grew for the 14th straight month. December brought 0.9% more newly listed homes compared to the same time last year. Homes spent 70 days on the market, the slowest December in five yearsSANTA CLARA, Calif., Jan. 8, 2025 /PRNewswire/ -- December 2024 saw a 22.0% growth in homes actively for sale compared with the same time last year, according to the December Monthly Housing Trends Report from Realtor.com®. Miami (45.4%), San Diego (42.4%), and Denver (41.9%) led the way with the highest active listing growth year over year amongst the top 50 metros in the U.S

Holiday Slowdown Arrives In December With Some Silver Linings For Buyers

Sekisui House, a leading Japanese homebuilder, is steadily expanding its presence in the U.S. home construction market, injecting significant investment and innovative approaches to a sector grappling with surging demand.Last January, Sekisui House acquired Colorado-based MDC Holdings, a major U.S. homebuilder known for its Richmond American Homes brand, in a $5 billion cash transaction.Sekisui House's U.S. portfolio also includes subsidiaries such as Woodside Homes, Holt Homes, Chesmar Homes and Hubble Homes. Collectively, these subsidiaries project an annual construction output of 15,000 new homes across 16 states, according to Realtor.com.Don't Miss:The MDC acquisition elevates Sekisui House to the fifth-largest homebuilder in the United States by units, according to 2023 completion data from ProBuilder, a leading industry publication.While still trailing major players like Lennar and D.R. Horton, Sekisui House's strategic expansion has solidified its position as a significant force in the U.S

Japanese Homebuilder Sekisui House Targets 15,000 Homes Annually Across 16 States

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