At its recent Q3 earnings call, Zillow leadership talked up the company’s recent app integration with OpenAI’s ChatGPT. Essentially, if you type “Zillow” into a ChatGPT query, the chat will bring up the Zillow app, then a user can use the Zillow app and its functionality—home searches, connecting with agents, etc.—as if they had opened…
Mortgage application activity was mixed this week with overall purchase applications declining from last week, but a slight uptick in FHA loan applications and refinance applications still up significantly over last year indicates borrowers continue to look for ways to make homeownership more affordable. The Mortgage Bankers Association (MBA) reports that the market composite index—the…
Defendants in the largest homebuying commission case have filed a motion to strike or delay the plaintiffs’ class certification motion, arguing that a binding federal injunction from the Burnett case invalidates roughly 79% of the proposed class—buyers who also sold homes during a particular time period. The defendants, Anywhere, REMAX and Keller Williams, previously settled…
When Zillow announced its new rules restricting certain private listings, one MLS was quickly thrown into the spotlight—Midwest Real Estate Data, or MRED, in the Chicago region. That’s because for almost a decade, MRED has hosted an internal private listing service—properties shared within the MLS, but not necessarily to anyone else. While Zillow didn’t immediately…
Renowned real estate expert Brian Buffini, founder and CEO of Buffini & Company, will unveil his highly anticipated yearly Bold Predictions forecast for the 2026 U.S. and Canadian housing market in a live virtual broadcast Wednesday, Dec. 3, from 9 a.m. to 12:30 p.m. PT. This event will provide real estate professionals with data-driven insights,…
Federal Reserve Governor Lisa Cook pointed to tariffs as the cause of a recent rise in inflation data during a Nov. 3 speech on economic outlook and monetary policy. During her speech, Cook noted the rise in inflation as of the September PCE report, which saw annual inflation hit “significantly” above the Fed’s 2% inflation…
As we move through the final months of 2025 and look toward 2026, the residential real estate industry stands on the edge of meaningful renewal. After years of navigating economic headwinds, rate shocks and structural shifts, signs of balance and optimism are reemerging across the housing landscape. The past few years have tested our industry’s…
An annual study out by the the National Association of Realtors® today reveals some alarming homebuyer statistics, namely the number of first-time buyers has dropped to a record low while the age of those same buyers has reached an all-time high, posing some dire implications for younger buyers trying to enter the housing market. According…
In a relatively short time, the power dynamics in residential real estate have shifted dramatically. The National Association of Realtors® (NAR) sits alongside portal giant Zillow on one side, and on the other is New York-based venture capital-backed Compass, a new behemoth that has consolidated a huge brokerage empire and appears ready to use its…
Knock—the real estate technology company which helps lenders and agents make it easier for homeowners to buy before they sell—today announced the launch of Knock Bridge Loan Plus. This new financing option now pays off the homeowner’s existing mortgage upfront, eliminating double payments. Knock stated that by paying off homeowners’ current mortgage and releasing the…
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