USPS financial crisis puts real estate transactions at risk

A looming financial crisis at the U.S. Postal Service could disrupt real estate transactions that still depend on physical mail. With potential delivery cuts and closures on the table, agents face growing risk around deadlines, especially in rural mark… Continue reading

CoStar scores win as activist investor drops Homes.com fight

The hedge fund Third Point was one of two major players that was strongly critical of CoStar’s attempt to compete with three leading residential real estate portals Continue reading

In split vote, Fed policymakers snub Trump, leave rates unchanged

With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Continue reading

Trump orders boost in US timber production, foreign lumber probe

President Donald Trump on Saturday signed an order aimed at increasing U.S. timber production and launched an investigation into the risks that foreign lumber imports pose to national security. Continue reading

Homebuilders anxiously await details on Canada, Mexico tariffs

Bond market investors who fund most mortgages didn’t panic Friday over reports that the U.S. will impose tariffs on China, Canada and Mexico on Saturday, but details remain sketchy. Continue reading

While banks pull out, investment funds double down on real estate

Multiple funds told Reuters they planned to increase their credit exposure to property as banks back off from commercial real estate. Continue reading

Tighter federal regulations coming to luxury real estate market soon

The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others. Continue reading

Plot of land trades hands for record-breaking $2.4M. Oh, and it’s virtual

The 6,000-square-foot tract of digital real estate will someday be home to a fashion outpost and event venue — in virtual reality, at least. Continue reading

Supernatural stairway found on Zillow sends social media aflutter

Known as “witches stairs,” a type of staircase sometimes seen in old New England homes, has been making the rounds on social media. Continue reading