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- Searches for fixer-uppers have tripled since 2021
Searches for fixer-uppers have tripled since 2021
Plus: Flyhomes' exit from direct brokerage services
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1. Flyhomes' exit from direct brokerage services
Flyhomes will shut down its real estate brokerage business by the end of September, transitioning its agents to The Real Brokerage, the company announced Wednesday.
The fintech says it will now focus on distributing its buy-before-you-sell products through wholesale channels, helping borrowers purchase a new home before selling their current one. Active brokerage clients will move with their agents to The Real Brokerage.
While Flyhomes hasn’t disclosed its headcount, the company confirmed it will work exclusively with third-party real estate agents going forward.
2. International homebuying activity on the rise in Texas
According to a new report from Texas REALTORS, international sales of Texas homes rose nearly 9% over the past year. From April 2024 to March 2025, about 7,500 buyers from abroad purchased residential properties in the state, totaling more than $4.8 billion in volume—a $1.3 billion increase from the prior period.
The median purchase price for international buyers hit $420,800, up 12% year over year and $82,300 above the statewide median. These deals accounted for 2.3% of all Texas home sales, edging up from 2.1% a year earlier.
Thirty percent of international buyers came from Mexico, followed by Canada and China (8% each), India (7%), and Nigeria (6%).
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3. Catch up quick
📅 Nationally, the best week to buy a home is Oct. 12–18. (Realtor.com)
😟 More than 44.4% of homeowners and renters struggle to afford rent or mortgage payments. (Redfin)
🚀 The Real Brokerage reaches 30,000-agent milestone. (OneReal)
💫 Bastrop ranked among the “most charming small downtowns in America.” (HGTV)
🙌 Keller Williams named one of America’s Best Employers for Company Culture. (Forbes)
A MESSAGE FROM DAVE YOUR MORTGAGE GUY
I used this Hack, to buy my 1st Rental! Tune in for it!
4. Searches for fixer-uppers have tripled since 2021
Homes marketed as fixer-uppers are drawing 52% more page views than comparable older, affordable listings, according to a new Realtor.com analysis.
Searches for the keyword “fixer-upper” on Realtor.com have tripled since 2021.
Nationwide, fixer-uppers now carry a median list price of $200,000 — a 54% discount compared to the $436,250 median for all single-family homes.
In July 2025, there were 79,175 fixer-uppers on the market, up 18.8% from 66,619 in July 2021.
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5. New-home sales hit highest level since January 2022
Sales of new single-family homes jumped in August to their fastest pace in more than three years, according to Census Bureau data released Wednesday.
New-home sales climbed to a seasonally adjusted annual rate of 800,000 — up 20.5% from July’s 652,000 pace and 15.4% higher than a year ago.
Even with the surge, the number of new houses for sale slipped to 490,000, representing a 7.4-month supply. That’s down from 9.0 months in July and 8.2 months a year earlier, highlighting tighter inventory.
6. Selling a home now costs $67,245
According to new data from Clever Offers, the average cost of selling a home has climbed to $67,245, more than triple what sellers expected to pay.
Among all the expenses, sellers pointed to closing costs as the most unexpectedly expensive and least worthwhile. At $8,217 on average, these fees often felt unclear, with 20% of sellers saying they weren’t even explained to them.
Homeowners spend the following amount on these expenses:
Source: Clever Offers True Cost of Selling a Home, August 2025
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