Featured Real Estate News
Compass Drops Lawsuit Against Zillow
Compass Inc., d/b/a Compass International Holdings (NYSE: COMP), announced it is dropping its lawsuit against Zillow Group (NASDAQ: Z, ZG) after the Seattle-based brokerage announce it will drop its ban on home sellers and their real estate representatives for...
Compass Drops Lawsuit Against Zillow
“Our goal has always been to give homeowners more choice to decide when, where, and how to market their homes,” said Compass Chairman and CEO Robert Reffkin. Continue Reading Compass Drops Lawsuit Against Zillow
Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
California Gov. Gavin Newsom is following President Trump’s lead by calling for a shutdown on institutional investors from purchasing single-family homes. The San Jose Mercury News reports 3% of California’s single-family homes are owned by large companies, according...
Trammell Crow Residential Opens Phoenix and Nashville Offices
The Dallas-headquartered multifamily developer Trammell Crow Residential (TCR) is expanding its national platform with the opening of new offices in Phoenix and Nashville. To lead the new offices, TCR has named Tom Lewis as managing director in Phoenix and Peter Davis...
Corcoran Group Launches New Virginia Franchise
Corcoran Group LLC announced the launch of Corcoran Wiley, based in Charlottesville, Virginia. Formerly Wiley Real Estate, the firm was founded in 2016 and is led by broker/owners Justin and Peter Wiley, who serve clients throughout Central Virginia and the greater...
News & Current Events
Home Affordability in Q4 Remained Mostly Elusive
ATTOM added the median sales price of a home has risen 54% over the past five years while typical wages only increased by 29%. Continue Reading Home Affordability in Q4 Remained Mostly Elusive
Mortgage Credit Availability Declined in December
“The December decrease reversed gains from the prior two months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Declined in December
Leadership Shift Announced at Toll Brothers
Scott D. Stowell, lead independent director of Toll Brothers, said the succession plan demonstrated both the company’s “deep talent bench.” Continue Reading Leadership Shift Announced at Toll Brothers
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Exclusive News
FHFA’s Pulte Calls on Powell to Lower Rates
It is extremely uncommon for the leader of a regulatory agency to openly criticize the work of the central bank leader. Continue Reading FHFA’s Pulte Calls on Powell to Lower Rates
Chinese Buyers Top Global Web Searches for South Florida Real Estate
Colombia, the long-time leader for global web searches, ranked second at 9.1%. Continue Reading Chinese Buyers Top Global Web Searches for South Florida Real Estate
Case-Shiller: Home Price Acceleration is Slowing
New York City again reported the highest annual gain among the 20 cities with an 8% increase in March. Continue Reading Case-Shiller: Home Price Acceleration is Slowing
Iowa’s Gov. Reynolds to Focus on Property Tax Reform Over Income Tax Elimination
“That is what we hear about all the time,” Reynolds said. Continue Reading Iowa’s Gov. Reynolds to Focus on Property Tax Reform Over Income Tax Elimination
Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Construction is expected to start in the third quarter of this year, with the first phase anticipated to be completed in 2027. Continue Reading Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Report: Anywhere Real Estate Makes Bid to Acquire Douglas Elliman
Neither company has publicly commented on the report. Continue Reading Report: Anywhere Real Estate Makes Bid to Acquire Douglas Elliman
British Columbia Realtor Fined for Loan to Clients to Buy Property He Was Selling
Pardeep Singh Sandhu loaned $55,000 to prospective buyers to help them secure a mortgage for a residence in Abbotsford. Continue Reading British Columbia Realtor Fined for Loan to Clients to Buy Property He Was Selling
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
New Home Sales Surged in April
The median sales price of new houses sold in April was $407,200. Continue Reading New Home Sales Surged in April