Tag Archives: Industry News

Seattle-based regional bank HomeStreet reportedly up for sale

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Regional banks have largely weathered the crisis fueled by this year’s failures of Silicon Valley Bank, Signature Bank and First Republic Bank by pursuing mergers and boosting deposits through third-party brokers. Continue reading →

Compass hires former Better Homes and Gardens agent

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Joseph Magsaysay will join Compass’ leadership as the brokerage looks to enhance its luxury presence in Silicon Valley. Magsaysay said he’s developed a “people first” leadership strategy. Continue reading →

Fannie Mae, Freddie Mac boost profits in Q2 despite a slow spring

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Mortgage giants Fannie Mae and Freddie Mac continued to grow their net worth as firm home prices and low default rates allowed them to release billions of dollars previously reserved for losses. Continue reading →

Foreign buyers target high-end homes as transactions fall 14%

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The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs. Continue reading →

A doctor inherited a vacant lot. The home he found there shocked him

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Daniel Kenigsberg alleges a series of fraudulent documents led to his land being stolen last fall before contractors built a single-family house on his half-acre of land in Connecticut. Continue reading →

Offerpad scoops up more homes in Q2 as path to profitability emerges

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Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year’s end. Continue reading →

Team of rivals: Zillow, Redfin unite to share new construction listings

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New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading →

An ‘entire neighborhood’ for sale? Let’s unpack that viral TikTok video

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A 35-home listing on Zillow has prompted debate over displacement and institutional investment — and pushback over a TikToker’s claim that an ‘entire neighborhood’ was about to hit the market. Continue reading →

Fractional investing platform CEO out after investors lose $63M

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CrowdStreet CEO Tore Steen ousted after $63 million from investors went missing in a deal a fiduciary said had “red flags that are indicators of fraud,” according to reports. Continue reading →