Redfin: Home Sales Post First Annual Decline in 15 Months

Redfin, Seattle, reported home sales fell on a monthly and annual basis in August for the first time since May 2020, although home prices continued to rise at a double-digit annual pace.

Home Prices Up 15% from Year Ago, But Taking Longer to Sell

Yet another report this week shows U.S. home prices with double-digit percentage annual home price gains, although not nearly as dramatic as earlier reports. And, said Redfin, Seattle, pending sales are slowing and homes are taking longer to sell—and sellers are taking notice by slashing their asking prices.

Industry Briefs Sept. 2, 2021: PropLogix Gets Investment from Accel-KKR

PropLogix, Sarasota, Calif., a title support company providing tech-enabled due diligence services and software for closing professionals, announced it secured investment from Accel-KKR, Menlo Park, Calif., a technology-focused private equity firm.

Migration of Homebuyers to Miami Triple Since Last Year

Last week saw two reports two reports that seemingly defied conventional wisdom—despite the very real effects of climate change, properties in some of the most vulnerable spots in the nation are actually attracting more interest—and higher prices. This week, another report shows Miami and other high-risk coastal areas continue to rank in the top 10 U.S. locations for net migration.

Industry Briefs Aug. 27, 2021: Home Lending Pal Raises $2M

The Mortgage Collaborative, San Diego, announced the TMC Emerging Technology Fund LP led a pre-Series A investment round in Home Lending Pal, a technology-enabled marketplace that focuses on fair lending practices.