Gary Keller on Compass-Anywhere: ‘I wouldn’t have done it’

Gary Keller delivered his annual State of the Housing Market keynote on Monday, musing on sales trends and market competitiveness — while offering a few quips about Compass and CoStar. Continue reading

CoStar lays off staff amid drastic Homes.com cost-cutting campaign

The company has vowed to slash over 35 percent of its spending on Homes.com after years of attempting to build a fourth major real estate listings search portal. Continue reading

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

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

Judge orders Zillow and Redfin to provide docs in $100M rental syndication case

A legal filing submitted last week requests a number of communications between Zillow and Redfin employees related to the firms’ rental syndication agreement. Continue reading

Realtor.com reports growth as parent CEO calls rival Homes.com ‘at least a fixer-upper’

Realtor.com’s parent company saw revenue increase 10 percent year over year. The CEO of the firm that owns the portal took the opportunity to call rival Homes.com a potential “knockdown.” Continue reading

Redfin spices up Super Bowl Sunday with $1M home hunt

The Super Bowl LX-adjacent game will prompt Redfin app users with six clues starting around 8 p.m. ET on Sunday to locate and win a $1 million home featured in a Rocket and Redfin commercial. Continue reading