Personal

Mortgage rates help spur Toll Brothers to profit

Toll Brothers Inc. reported higher profit and sales for the fiscal first quarter as low mortgage rates, tight housing inventory, favorable demographic trends and the pandemic helped boost home ownership demand.

Redfin to buy RentPath for $608M in all cash deal

Real-estate brokerage Redfin Corp. has agreed to buy apartment search site operator RentPath Holdings Inc. out of bankruptcy for $608 million, in a deal that would combine operators of leading U.S. property listing websites for purchasing and renting a home.

These people rushed to buy homes during COVID. Now they regret it.

Fleeing small apartments, buying vacation homes or simply looking for a change of scenery amid the crushing boredom of lockdowns, people scrambled to buy houses amid the pandemic, spurring bidding wars and supercharging real-estate markets across the country.