Tag Archives: News Brief

The market keeps tipping toward a pool of reluctant buyers

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Mortgage rates and the median listing price are down while active inventory is up year over year, but more positive movement may be required for hesitant buyers this spring. Continue reading →

Spring market shows early signs of green shoots

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Early data shows that existing-home sales were up in February and that relistings are experiencing a surge, signaling consumer confidence in the market. Continue reading →

Tracy Tutor sues Oren Alexander as jury deliberates federal case

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The luxury broker and “Million Dollar Listing” star alleged she was drugged by Oren Alexander and sexually assaulted by him and another unnamed man during a Douglas Elliman recruiting event in 2014. Continue reading →

NWMLS wants to use a Zillow ruling in its battle with Compass

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The Seattle-based MLS argued that a ruling in a case involving Zillow has parallels to its own legal battle against Compass. Continue reading →

Mortgage applications saw healthy boost during sub-6% rate week

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Buyers responded with enthusiasm to a dip in mortgage rates last week, but this week’s rate spikes and conflict in Iran could lead to a downturn in mortgage applications in weeks to come. Continue reading →

Mortgage rates surge upward amid Iran conflict

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After a week in which the average 30-year fixed-rate mortgage rate fell below 6 percent for the first time in more than three years, rates reversed, hitting 6.15 percent on Tuesday in response to overseas conflict. Continue reading →

New anti-money laundering rule for cash purchases is now in effect

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Under the new rule, when a legal entity or trust purchases a piece of residential real estate without the use of financing, closing or settlement agents must report details of the transaction. Continue reading →

California housing: A ‘caste system defined by family wealth?’ Analysts respond to report

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Analysts and housing experts this week balked at what some called California’s “landed gentry” system for passing property down to younger generations. Continue reading →

Prosecutors intend to drop 2 charges against Alexanders as defense readies arguments

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The two counts are related to alleged victims who had planned to appear in court, but never did. This week, the defense is expected to begin its case. Continue reading →

Compass posts ‘strongest Q4 results in our history,’ but feels the weight of merger costs

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Despite gains in revenue, agent count and gross transaction value, Compass also grappled with a $42.6 million net loss in Q4. Continue reading →