Michael Jordan’s Northern Chicago mansion scores potential buyer

After 12 years on the market, Jordan’s Highland Park mansion is finally in contingency following price cuts totaling nearly $15 million. In the end, the final list price clocked in at $14.855 million. Continue reading

Pennymac joins Rocket in boosting conforming loan limit to $802,650

Lenders have gotten into the habit of helping some homebuyers avoid jumbo loans by raising their limits before an official announcement by Fannie Mae and Freddie Mac’s federal regulator. Continue reading

Christine Jacobson, formerly of NextHome, heads to Realtor.com

Christine Jacobson has joined Realtor.com as senior vice president of B2B marketing. In her new role, Jacobson will expand the portal’s B2B offerings in a bid to help agents grow their business. Continue reading

Fathom Realty agrees to pay $2.95M to settle commission suit

The company denied wrongdoing and said it had agreed to settle with plaintiffs in an attempt to move on and continue growing the business. Continue reading

Mariah Carey has racked up $18.6M in mortgage debt

After buying a Tribeca penthouse for $9 million cash in 1999, the pop star has borrowed millions in loans on the pad’s equity in order to fund her lavish lifestyle. Continue reading

GreenLite’s permitting software approved, earns $28.5M Series A

Construction permitting software company GreenLite has closed on a Series A round of funding of $28.5 million. Continue reading

Mortgage payments cheaper than rent in nearly half of all US metros

Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday. Continue reading

Tongo’s agent-focused finance app ready for market

A new solution to help brokers administer financial benefits to agents is now available from Tongo, a company that “builds financial products that cater to the needs of the commission economy.” Continue reading

How can I really be sure sellers will pay the buyer’s agent (me)?

The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether it’s possible to confirm if a seller is willing to compensate buyer’s agents. Continue reading

Frustrated? Here’s why leaving NAR won’t solve the problem

Despite its problems, brokerage CEO Sean Frank writes, NAR membership is still the logical option for real estate professionals. Continue reading