Renting becomes sign of wealth as many opt against homebuying

A recent Redfin analysis of U.S. Census Bureau, MLS and county records from 2019 to 2023 found that in 35 of the 50 largest U.S. metro areas, wealthy renters are taking over the rental market. Certain cities, including San Jose, California; Raleigh, North Carolina; Orlando, Florida; Buffalo, New Yor

The top 1% could buy nearly all homes in the US with their wealth

The value of America's nearly 100 million homes hit $49.7 trillion at the end of 2024, as the combined net worth of the wealthiest 1 percent of Americans hit a record $49.2 trillion, according to a Redfin analysis.

Former Engel & Völkers CXO Peter Ianos joins The Agency

Ianos has been in the industry for more than two decades, and spent about 12 years at Engel & Völkers, where he served in a variety of leadership roles.

Tomo Mortgage secures $20M in Series B funding round

Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday.