Zillow begins ‘critical’ year with mounting losses, falling Q1 revenue

Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales. Continue reading

Fannie and Freddie boost profits even as mortgage business tanks

The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading

Christie’s brings on Islandia as new affiliate in US Virgin Islands

The independently owned Islandia Real Estate is now Islandia St. John Christie’s International Real Estate, led by Managing Director Keleigh Rees. Continue reading

Tenants rage as board votes to hike rent on millions of New Yorkers

Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5 percent for one-year leases, and 7 percent for two-year leases. Continue reading

Austin Board of Realtors taps Clare Losey as first housing economist

Bringing on Dr. Clare Losey will allow ABoR to produce ongoing reports on all aspects of the Central Texas economy for its 20,000-plus members, their clients, and local policymakers. Continue reading

‘It is a weird market’: Why ‘highest and best’ could be a deal-killer

Instead of a blanket call for the highest and best offer, listing agents and buyer agents need to get back to the basics of negotiating. Continue reading

How union strikes like the Writers Guild of America impact real estate

From negative effects on the supply chain to confidence in the market, major union strikes like the WGA strike and others before it can have a palpable impact on the real estate industry. Continue reading

Jonathan Klein: These are the big challenges real estate faces with AI

The founder of PropTech Consulting said artificial intelligence can revolutionize the industry, but stakeholders will need to tackle data quality, bias and privacy concerns, among other issues. Continue reading

Speed and certainty: how Same Day Mortgage works

Approval in one day and closing within ten? It’s not a myth. It’s a service that the team at Guaranteed Rate has developed, and we wanted to learn more. This is a massive value add for buyers, but it’s also a differentiator for listing and buyers agent… Continue reading

Student loan borrowers struggle to save ahead of resumed payments

The decision of whether or not student loan forgiveness will come to pass is still with the Supreme Court, leaving many Americans in limbo. With payments set to resume no later than September 1, many borrowers are preparing to resume payments after a three-year hiatus.  With so much uncertainty around the Supreme Court’s decision, many […] Continue reading