Author Archives: Marian McPherson

48% of Americans blame investors for ‘unreasonable’ housing costs

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A staggering 93 percent of Americans believe housing costs are “unreasonable,” according to Searchlight Institute’s latest affordability survey. Continue reading →

Massachusetts broker arrested, accused of embezzling $11.6M

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Massachusetts broker Stephen D. Webster has been indicted for allegedly stealing $11.6 million from consumers and agents by diverting escrow funds into his business and personal accounts. Continue reading →

This real estate exec says artificial intelligence is ‘lying’ to consumers. Here’s his solution

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ERA Real Estate Brand President Alex Vidal talks about consumer behavior and why “radical honesty” is more important than ever as AI influences the home shopping experience. Continue reading →

Rocket Companies closes Mr. Cooper acquisition

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Rocket Companies has closed its acquisition of Mr. Cooper for $14.2 billion, according to an announcement on Wednesday morning. The final acquisition price is 51 percent higher than the $9.4 billion price tag announced in March, due to Mr. Cooper’s rec… Continue reading →

Price growth continues to slow, but economists say that may be good news for the market

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The housing market is moving deeper into a rut, according to the S&P Cotality Case-Shiller July index. National home prices grew at one of the slowest rates in a decade, only tallying a 1.7 percent year-over-year growth. The 20-City and 10-City Co… Continue reading →

Is the mortgage lock-in effect ending? These numbers offer clues

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The Federal Reserve’s decision to make a series of historic short-term rate cuts at the height of the pandemic has proven to be a double-edged sword, with the sharpest point being the percentage of would-be homesellers locked into their homes by 2 perc… Continue reading →

These are the states where homeowners will benefit most — and least — from new SALT cap

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Redfin’s latest analysis reveals the states where homeowners will benefit most from the new state and local tax (SALT) cap, which Congress raised from $10,000 to $40,000. Continue reading →

Coldwell Banker exec says current market is a ‘growth window’

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Three days after his Gen Blue keynote, Coldwell Banker Affiliates President Jason Waugh sat down with Inman to talk about navigating market shifts and battling uncertainty. Continue reading →

‘Not a shift, a transition,’ 2 reports say of homebuying market

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Is it a buyers’ market or not? In separate market reports published on Thursday, Redfin and Realtor.com aimed to answer the question by looking at home price, home sales and inventory trends, which signal that homebuyers are gaining the upper hand — bu… Continue reading →

BrightMLS and proptech startup Ocusell launch joint venture

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BrightMLS and Ocusell have launched a joint venture to co-develop and license their existing technology solutions, including Ocusell List+ and Bright Listing Manager. Continue reading →