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‘Zillow, virtually stage my listing photos in an art deco style with pink accents!’

Housing Wire

On Tuesday, the residential real estate giant announced the acquisition of Virtual Staging AI (VSAI). Founded in 2023 by Michael Bonacina and Mikhail Andreev, VSAI helps home sellers, agents and photographers create digitally staged images of a listing, eliminating the need for physical furniture in the home.

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Opinion: An assessment of residential real estate and AI

Housing Wire

For the sake of simplicity, I will keep my comments restricted to residential real estate in the US. Also, for the sake of simplicity, I will take a complex supply chain and process and reduce it to five stages/processes: 1. Valuation 3. Finance 4.

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Cause for concern? FHA, VA delinquencies are rising quickly

Housing Wire

New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024.

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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4 billion, with transactions up by 24%. And for the full year, Compass achieved $5.6 What future state are these companies creating today?

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Andy Florance teases ambitious growth plans for Homes.com in 2025

Housing Wire

Tje rapidly rising site traffic at Homes.com took center stage at CoStar Groups Q4 and full year 2024 earnings call with investors Tuesday evening. The firms residential North American network generated $58.9 behind Zillow. Company-wide , CoStar Group generated $2.74 billion in revenue in 2024, up 11% annually.

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Looking backward to look forward: Kevin Sears discusses NAR’s vision for 2025

Housing Wire

Kevin Sears took to the NAR NXT main stage at the Boston Convention and Exhibition Center on Friday morning with a large iced coffee from Dunkin’ in hand. And we protect consumers when we provide data and perspective on legislation that incentivizes the conversion of commercial space into affordable residential housing.”

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U.S. mortgage delinquency rates remain near historic lows: CoreLogic

Housing Wire

In March 2024, the national delinquency rate for residential mortgages stood at 2.8% The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% in March 2023. “The

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