Biden tariff policy propels lumber costs back to record highs

Booming buyer demand, withering US lumber supplies and a tariff hike on Canadian softwood have pushed lumber prices to a pandemic high, with sales contracts closing at $950 Wednesday. Continue reading

Compass is sweeping down the plains with new Ranch Division

Over the past year, homebuyers and homesellers have been trading urban living for luxurious lifestyles near beaches, mountains and the open range. Now, Compass is aiming to help consumers who prefer a farm to a condo with its newly minted Ranch and Lan… Continue reading

IBuyers net record-high sales in Q3 amid skyrocketing purchase volume

Phoenix homeowners unloaded a mind-blowing $1.47 billion worth of housing stock to an iBuyer in the third quarter, the first instance a single market has exceeded $1 billion in iBuyer sales. Continue reading

Windermere distances itself from anti-LGBTQ Missoula pastor

Attorney for Brandon Huber, the Realtor at the center of the controversy, says “Windermere’s woke corporate office in Seattle” unlikely to have an impact on Huber’s status with his local franchise. Continue reading

Zillow stock rebounds on news of stock buyback, iBuyer selloff

Zillow’s stock bounced back to the highest level in a month as the portal announced a stock buyback plan and its speedy progress on sunsetting Zillow Offers. Continue reading

‘Is the Bible hate speech?’ NAR hate speech provision faces first big test

Realtor Brandon Huber is under fire for pulling his church’s support of a food bank during Pride Month. Now, the Missoula Organization of Realtors has to determine if it’s religious freedom or hate speech. Continue reading

Zillow cancels 400 Zillow Offers contracts due to closing restraints

Hundreds of sellers awaiting new builds will have to sell their homes another way after Zillow canceled contracts for closings set for late 2022 through its defunct iBuyer, Zillow Offers. Continue reading

Zavvie leans into power buyers with marketplace update

A year after adding buy-before-you-sell options to its Offer Optimizer, real estate startup zavvie is leaning even harder into the power buyer market with the addition of cash backing and rent-to-own options from Divvy Homes, Feeasy, Flyhomes for Agent… Continue reading

Power Buyers: What to know about real estate’s buzziest new buyer tools

The innovation wave has hit the buy-side, with so-called Power Buyers emerging as this year’s buzziest business model. Here’s everything you need to know to power up your clients’ purchasing prowess. Continue reading

Imagine a $28K fee for furniture. The reality for Berlin renters is ugly

Two months after passing a referendum to control rents, Berliners are battling extreme leasing fees, which include thousands of dollars upfront for furniture, appliances and kitchen cabinets. Continue reading