President Donald Trump announced Friday morning his nomination of Kevin Warsh—a former Federal Reserve governor—to serve as the next chair of the Federal Reserve, replacing Jerome Powell, who was nominated by Trump during his first term and reappointed by former President Joe Biden. “I am pleased to announce that I am nominating Kevin Warsh to…
Lower mortgage rates at the end of 2025 prompted a refinance rush among current homeowners, helping boost prepayment rates to their highest level in three years, according to a new report from ICE Mortgage Technology. The monthly mortgage prepayment rate rose to 0.91% in December, just below the 3.5‑year high set in October, ICE reported…
Billionaire investor Daniel Loeb’s hedge fund Third Point has launched a proxy fight against CoStar Group, nominating multiple directors to the company’s board and demanding the real estate giant exit its residential business entirely. In a letter released this morning, Third Point announced it would seek to replace a majority of CoStar’s eight-person board, marking…
A new consumer class-action lawsuit was filed against Rocket Companies on Jan. 26 in the U.S. District Court for the Eastern District of Michigan. According to a press release announcing the action, the Michigan-based lending conglomerate is accused of forcing agents to steer clients toward using Rocket Mortgage. This move, according to attorneys at Hagens…
Nosy neighbors are one thing. They can be occasionally annoying. But noisy neighbors? They can be an endless drag. And for agents whose livelihoods rely on getting buyer clients through the long and winding path to closings, noise pollution can capsize otherwise promising deals. Condo buildings anywhere and co-op high-rises in urban areas are especially…
Editor’s Note: The RISMedia series Legislative Round-Up looks at pending and passed federal and state-level legislation that impacts real estate professionals. HUD proposes eliminating a key fair housing rule On Wednesday, January 14, the Department of Housing and Urban Development (HUD) published a new rule proposal into the Federal Register that would change how the…
With the first month of the new year nearly behind us, real estate professionals are buckling down as they find their stride and set the tone for the months ahead. Coming off another tough year, brokerage leaders are moving quickly in order to take advantage of a gradually improving market. But where do the biggest…
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Above: Rob Giuffria. When Rob Giuffria, managing broker for Tea Leaf Realty, headquartered in West Hartford, Connecticut, learned that Zillow’s 2026 Hottest Market Forecast had Hartford on top, he wasn’t particularly surprised, as his brokerage’s business has been thriving. And it’s Zillow that has helped it do so. Tools like BuyAbility, which helps buyers see…
President Donald Trump’s speech at the World Economic Forum in Davos Wednesday largely focused on diplomatic tensions, but he also turned at points to the U.S. economy—including his new plans to rein in institutional investors in the single-family home market. “In recent years, Wall Street giants and institutional investment firms, many of you are here,…
Zillow has been named in another antitrust lawsuit alleging steering in regards to the portal’s Premier agent programs and its Home Loans business. Filed Jan. 16 in the Western District of Washington by Stephanie Dupuis, the owner of the Dupuis Team in Kitsap County, the complaint alleges that Zillow “abuses its monopoly” and puts pressure…
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