This week: Falling pending sales activity, another option for convenient rent payments, and Left, Middle, Right.

Mr. Cooper, which had 8,200 employees at the end of last year, laid off 250 workers from its lending business during the first quarter and announced another 420 layoffs in June.

The month saw active listings grow at a rapid pace even as new homesellers declined annually for the fifth straight month, falling 15.9 percent, according to a report.

MLS via Realtor.com

A magnificent hilltop compound with four separate residences listed for $28 million has become the most expensive listing in Santa Fe, NM.

Vida Encantada, which means “charmed life,” is the 3.7-acre property offering resort-style living in 18,000 square feet of space.

Situated on a hill north of downtown Santa Fe, the 14-bedroom compound offers many excuses to never have to leave.

“The design and construction of this home is as good as it gets anywhere,” says listing agent Tim Van Camp, of Sotheby’s International Realty Santa Fe–main downtown brokerage. “It’s five minutes from Santa Fe Plaza and has views of the city and three mountain ranges. It’s just spectacular.”

Traveler bookings rose 12.5 percent, to $1.8 billion, in the third quarter compared to the same period a year earlier, according to an earnings call by parent company Expedia Group on Thursday.

With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion.

Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday.

From reality TV to horror films, we can't help but be fascinated by the houses, rooms and walls that surround the people we watch —love 'em or hate 'em.

Design by Realtor.com / Getty Images (2)

For the past two years, homebuyers faced hoards of competition that was driving housing prices sky-high. Today, though, the pool of eligible buyers has ebbed, largely due to a whole new problem: Towering interest rates. 

Indeed, the average rate for a 30-year fixed mortgage hovered at 6.95% for the week ending Nov. 3, according to Freddie Mac. That’s a bit lower than last week when it broke the 7% threshold, but still more than double what it was a year earlier. 

Given that a typical homebuyer’s mortgage costs have risen more than 77% compared to a year ago, it’s understandable that the housing market is in shock. And the latest real estate statistics for the week ending Oct. 29 show that the fallout continues. 

In this latest installment of our column “How’s the Housing Market This Week?” we’ll look at what the most recent numbers mean for both homebuyers and sellers. 

In total, Opendoor suffered a net loss of $928 million between July and September, according to an earnings report Thursday. That's up from a loss of just $57 million during the third quarter of 2021.

Redfin data shows that Arizona and Nevada were the second and third most popular states respectively for people moving away from California in 2020.

Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to a study out this week.

After four straight quarters of declines in transaction volume, new listings, projected closings and written contract volume, Keller Williams' year-to-date sales volume finally took a three percent tumble to $414.7 billion.

MLS via Realtor.com

A delightful domicile designed by architect Julia Morgan has quickly found a buyer. The home is pending sale after less than two months on the market, according to Realtor.com®.

The home in Berkeley, CA, was listed for $2,495,000 in September. The buyer might not have been able to resist the home’s vintage style and “high-level craftsmanship,” notes listing agent Mark Hardwicke, of Better Homes and Gardens Real Estate Reliance Partners.

The home is one of Morgan’s earliest residential designs. It was built in 1906 for Charles Atwood Kofoid, a University of California, Berkeley, zoology professor, and his wife, Carrie.

The asking price is much higher than the city’s still whopping, median home list price of $1,200,000. But it’s difficult to put a price on such a historical pedigree.

Magnolia Network

It’s easy to forget that Chip and Joanna Gaines of “Fixer Upper” fame were once rookies in the home renovation business. But now that they have their own network, they’re nurturing talented newbies who could become the next big thing.

On the new Magnolia Network show “The Home Team With Britt and Annie,” best friends and self-taught DIYers Annie Hawkins and Brittany Baker of Salt Lake City are building their home design business. And on the episode “Million Dollar Market Value,” they’re thrilled when they get a call from real estate agent Whitney, who might have a potentially profitable lead.

She’s working with a couple who want to list their home, but “to get top dollar, they’re going to have to have their living room, dining room, and kitchen renovated,” says Whitney. “The rest of their home has been remodeled very recently, but I was showing them some of your previous projects, and they want you!”

“This is only our second project as a full-time business,” Hawkins admits. “And even though this is only three rooms, it is 2,000 square feet of really expensive real estate.”

Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981.

From Tennessee to Michigan, 18 states lay claim to the country's largest and smallest homes now on the market, according to a new analysis. But the wildest extremes can be found in one region.

Flexibility and agility are always useful for independent contractors, according to broker Teresa Boardman. Obtaining your brokers license during your downtime gives you more professional options.

Netflix’s "Buying Beverly Hills," starring The Agency’s Mauricio Umansky, daughters Farrah Brittany and Alexia Umansky, and other agents from the Beverly Hills locale, drops on Friday, Nov. 4, 2022. Here's an inside look at your next real estate reality TV binge.

Getty Images / MLS via Realtor.com

For comedian and actress Carol Burnett, it’s time to say “so long” to some real estate.

The star of “The Carol Burnett Show” has listed her luxury condo in L.A.‘s prestigious Wilshire Corridor for $4.2 million.

The Wilshire Corridor, located between Brentwood and Beverly Hills and close to UCLA, top-rated medical facilities, and houses of worship, is one of L.A.’s chicest high-rise communities.

It’s favored by those who prefer a luxe life with low maintenance and high security.