Wrong predictions, rate jumps and what’s (maybe) still to come

In as much as economists expected rates to rise this year, nobody anticipated how fast they would rise. So what went wrong? Matthew Gardener, chief economist for Windermere Real Estate, lays out what happened and what’s next. Continue reading

Brad Pitt buys historic D.L. James’ clifftop Carmel home for $40M

The home is located atop a steep bluff on the oceanside of Highway 1. The deal marks one of the priciest to ever close in the Carmel area, according to local agents. Continue reading

Cherre’s property smarts to inform investors through DealCloud

Intapp will leverage Cherre’s functionality for its DealCloud product, described by the company as a “complete deal, relationship, and pipeline management solution for financial services firms.” Continue reading

Commission study paid for by HomeServices comes under fire

The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it’s based on a faulty premise. Continue reading

Pending home sales take nosedive in June, signaling a bleak August

Pending home sales dropped 8.6 percent in June, suggesting a drop in home closings just around the corner, according to figures released Wednesday by the National Association of Realtors. Continue reading

Latchel locks onto $16.7M round to bolster single-family rental solution

Latchel automates tenant repair requests through a user dashboard, rapidly filtering them to the most appropriate preferred vendor and keeping property management in the loop. Continue reading

LucidPress rebrands, hoping to hit the Marq with new name

LucidPress is now called Marq, and it hopes the new name will better communicate the company’s ability to produce, control and publish marketing content. Continue reading

The 10 housing markets primed to pop during a recession

Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush. Continue reading

Name the top 5 apps on your phone: Pulse

This week, we want to know: What are the top five apps that you simply can’t do without on your cell phone? Continue reading