BY JIM DALRYMPLE II (staff Writer at Inman)
As the pandemic drags on, Americans will keep moving to homes that better fit their needs.
M. Ryan Gorman doesn’t think the recent real estate boom is about to go bust.
That was the takeaway from a conversation Gorman — the president and CEO of Coldwell Banker — had with Inman in recent days to discuss the state of the housing market and what things might look like going into 2021. The conversation came on the heels of parent company Realogy’s record-breaking earnings report, which revealed the company saw a spike in revenue and managed to gobble up market share in recent months.
This would create a knock-on effect with the rest of the world.
BY LILLIAN DICKERSON (Staff Writer at Inman)
November 06, 2020
Houses are flying off the market as homebuyers looking to shelter at home continue to fuel intense market demand, according to Zillow’s most recent weekly market report. (Zillow Group, Inc., or simply Zillow, is an American online real estate database company)
Closed sales of existing homes increased 9.4 percent from August to September, yielding a 20.9 percent increase year over year to a seasonally adjusted annualized rate (SAAR) of 6.54 million, the highest rate recorded since 2006.
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