Mortgage payments cheaper than rent in nearly half of all US metros

Mortgage rates have dropped to their lowest levels since 2023 in 22 of the 50 largest U.S. metros — even as rent prices continue to rise, according to a new analysis from Zillow released on Monday. Continue reading

Trump allies formulating plans to privatize Fannie and Freddie

A new “Wall Street Journal” report reveals that talks about privatization have been taking place since the spring and have included Trump confidants Larry Kudlow and John McEntee. Continue reading

Second-home mortgages decline amid economic uncertainty

U.S. homeowners are showing less interest in taking on second-home mortgages, as elevated prices and economic jitters make these properties less appealing, Redfin reported on Thursday.
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California MLS MetroList debuts AI-based voice search

The search platform is already live on the multiple listing service’s website and comes amid a growing interest in using artificial intelligence to improve consumer home searches Continue reading

Dwiggins-led franchisor NextHome settles commission suits

NextHome has more than 600 offices across the U.S. but is perhaps best-known for CEO James Dwiggins, who has been a prominent commentator on antitrust litigation. Continue reading

NYC favors life-science workspaces over affordable housing

The growing need for affordable housing has generated interest in utilizing NYC’s Kips Bay site for residential development, but the Adams administration has declared the plan unviable. Continue reading

Michael Jordan’s $14.8M mansion still unsold after 12 years on market

The NBA superstar’s Highland Park estate at 2700 Point Drive was first listed for $29 million in 2012. By 2014, the price had dropped to $16 million, and it is now on the market for $14.8 million.
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Industry leader and brokerage founder Clark Halstead dies at 83

The real estate vet co-founded the Manhattan division of Sotheby’s International Realty in the mid-1970s and co-founded Halstead Property with Diane Ramirez in the mid-1980s. Continue reading

Coldwell Banker recruits Boston team away from Compass

Katherine Bell and Maddy Petrini are bringing their Bell and Petrini team to Coldwell Banker’s Back Bay office. The team has done $47 million in sales this year, according to the brokerage. Continue reading

Nearly half of NYC’s out-of-state buyers come from these locations

Living in New York City remains undeniably expensive, with sale prices in some neighborhoods reaching $7.5 million, yet out-of-state buyers are still drawn to the city, according to “The New York Times.” Continue reading