How AI may be driving interest rates higher: Redfin economist

Lenders are pouring money into AI, Redfin’s Daryl Fairweather said. As a result, there’s less capital leftover for loans on everyday items. Continue reading

The heyday of the cash homebuyer seems to be over (at least for now)

As mortgage rates remain lower and buyers continue to have the upper hand in most markets across the U.S., many are opting out of paying for homes in cash. Continue reading

Highlights from Week 3 of the Alexander brothers’ trial

Week three of the trial featured testimonies of alleged victims as well as a woman who claimed that she had witnessed two of the brothers raping a woman in the Hamptons. Continue reading

How this broker consistently dominates his market while running a 1,500-agent affiliate

Paul Benson of Engel & Völkers Gestalt Group said relentless marketing, extreme responsiveness and maintaining a deep knowledge of his local market have helped him succeed in sales while leading a substantial affiliate across several states. Continue reading

Existing-home sales tank 8.4% in January amid winter chill

Homebuyers were likely dissuaded by extreme winter weather and shifting rates, causing existing-home sales to see a significant decline in January. Continue reading

Existing-home sales tank 8.4% in January amid winter chill

Homebuyers were likely dissuaded by extreme winter weather and shifting rates, causing existing-home sales to see a significant decline in January. Continue reading

California agent fesses up to $9M Ponzi scheme

Since 2018, Matthew Campbell used at least $2.29 million in newly acquired investor funds to pay previous investors and keep up his scheme. Continue reading

Here’s how much homebuyer affordability has improved this year

Affordability is improving in 37 out of the 50 most populous metros in the U.S. as mortgage rates come down and household incomes gradually rise. However, in pricey coastal markets, most households still only earn about half of what is necessary to aff… Continue reading

Compass names Neda Navab new president

Navab holds an MBA from Harvard Business School and has worked for Compass since 2018, coming into the company as CEO Robert Reffkin’s chief of staff. Continue reading