Home prices hit record high in November despite cooling demand

In November, the Federal Housing Finance Agency and the CoreLogic Case-Shiller Indexes recorded annual gains of 4.2 percent and 3.8 percent, respectively, according to new data released Tuesday. Continue reading

Zillow taps Uber executive as vice president of market operations

Former Uber and Expedia Group executive Zuhairah Washington will be tasked with helping lead growth in the Flex and Enhanced Market segments, according to an announcement on Monday. Continue reading

Home tours are on the rise — but buyers aren’t making offers

Mortgage rates continue to be a thorn in homebuyers’ side into the new year, as evidenced by a downturn in contract signings despite greater home tour activity. Redfin’s latest market report revealed its Homebuyer Demand Index, a seasonally adjusted me… Continue reading

Mortgage demand crumbles as rates are on the rise again

With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds. Continue reading

Rocket accused of using ‘kickback scheme’ to attract more borrowers

The Consumer Financial Protection Bureau claims Rocket gave real estate agents incentives to steer consumers away from other companies. Rocket calls the allegations a “lie” and political ploy. Continue reading

Redfin commission model drawing more, better agents: Jason Aleem

Aleem, Redfin’s chief of real estate services, also said the agents who have joined since the company adopted a commission model are making more money. Continue reading

Corcoran Group enters nation’s capitol with new franchise

In welcoming Corcoran McEnearney to its network, the brand grows the number of Corcoran-affiliated agents by nearly 10 percent. The new company will have offices in D.C., Maryland, Virginia and West Virginia. Continue reading

Curbio to pay $7.5M to settle Washington DC fraud lawsuit

The pre-sale home renovation company denied all allegations and said it decided to settle to focus on its path forward. Attorney General Brian Schwalb called it a win for consumers Continue reading

Investment firm loses former Trump hotel to foreclosure auction

Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt. Continue reading

Commercial market bottom nears as foreclosures surge

Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI. Continue reading