Years after so-called iBuyers—companies that promised to quickly buy and flip homes using algorithms to make profits—were supposed to take the industry by storm, one of the (relative) new kids on the block is settled in for a longer voyage. During its Q2 2026 earnings call on Aug. 3, Offerpad Chairman and CEO Brian Bair…
The hope for “resilience” and a year of stabilization in the housing market continues into the second half of 2026, as Realtor.com® Senior Economist Jake Krimmel said “the jury is still out” on whether or not we’re seeing a summer slowdown in the portal’s latest Monthly Housing Trends Report for July. Some signs in the…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Zillow class-action claims dismissed (for now) Judge James Robart of the federal Western District of Washington wrote in a 32-page order last week that a lawsuit filed by homebuyers against Zillow failed to…
Four retired federal judges are formally protesting the procedure by which the National Association of Realtors® (NAR) and other big brokerages, including Anywhere, settled the buyer commission cases, saying that the practice will encourage “forum-shopping” by class-action defendants. In a 22-page letter, known as an amicus curiae brief, Diane Wood, David Coar, G. Patrick Murphy…
The continued summer slowdown in the housing market could see an uptick in transactions before fall, but economists are pointing to an array of economic and geopolitical headwinds that could possibly drive mortgage rates even higher as the spark. The average 30-year fixed mortgage rate (FRM) rose another 8 basis points this week to 6.66%,…
Inflation cooled in June according to the latest data from the Bureau of Economic Analysis (BEA), meeting economists’ expectations for the month. However, the trend may not continue as the Iranian conflict persists. The Personal Consumption Expenditures (PCE) price index slipped 0.1% month-over-month in June, a reversal of the 0.7% jump seen in May. This…
The real estate industry is spending a huge amount of time arguing about who should see a listing and when. It’s an important debate. Sellers deserve transparency and every reasonable opportunity to maximize their home’s value. But we’ve spent very little time talking about the people who can’t buy a home at all. Whether a…
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What sets journalism apart from the reporting done by influencers, commentators, pundits and PR professionals is not a journalism degree from a fancy university. It is not a better understanding of ethics, style and sourcing, or a public promise to always be fair. What makes journalism different is more about how it happens—and the systems…
After announcing that it would be scaling back its investment in Homes.com this past January, CoStar Group appears to be thriving as of Q2 as it beefs up investments in other segments of its business, such as Apartments.com. Andy Florance—CEO of CoStar—touted the success of the portal during the company’s earnings call yesterday, stating that…
Despite near annual highs of the 30-year average mortgage rate, home-purchase application activity had been holding steady or even modestly increasing in recent weeks, attributed to the rise in home inventory. That trajectory flipped this week with a dip in mortgage applications as rates hit another record high since last August. The latest Market Composite…
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