Redfin, which is now owned by Rocket Companies, is following in Zillow’s footsteps and launching an app integration with OpenAI’s ChatGPT. The company announced Friday that ChatGPT users now have access to a Redfin app within the platform that allows users to locate property listings relevant to their home search parameters and chat with the […]
Redfin rolls out ChatGPT app for real estate searches Read More »
A New York City-based U.S. District Court judge has denied Compass’s preliminary injunction motion in its antitrust lawsuit against Zillow. As a result of Judge Jeannette Vargas’ ruling, Zillow may continue enforcing its listing access standard policy, which bans listings from its site that have been publicly advertised for more than one business day prior
Judge denies Compass injunction against Zillow listing policy Read More »
While many of the latest conversations around the U.S. real estate market have focused on affordability and interest rates, one segment continues to move forward: foreign investors. While domestic buyers remain more cautious, investors from abroad are driving much of the transaction volume in many U.S. markets. One reason is that foreign buyers view risk,
Foreign investors keep U.S. real estate moving Read More »
It’s a story of frustration that many buyers and agents can relate to. Buyers repeatedly reaching out to listing agents to see properties, only to receive no response. Calls go unanswered, questions linger and access to homes stalled. That frustration is real and deserves acknowledgment. Consumers should expect timely communication and professional conduct. Where the
Does lead diversion help buyers, or does it undermine agent accountability? Read More »
New York Gov. Kathy Hochul signed a long-awaited state law designating manufactured housing as real estate in December. In the 11 months ahead, the question is whether the newly enacted measure can deliver on its promised mortgage-style financing or stalls amid legislative rulemaking. Regulators, lenders, and manufactured housing advocates will spend this year working out
Will New York’s manufactured housing law reshape home financing? Read More »
Rocket Companies and Redfin on Thursday unveiled a Super Bowl commercial centered on community and the importance of neighborliness, marking the companies’ first shared national ad and Redfin’s first appearance in a Super Bowl broadcast since the company’s founding 20 years ago. The 60-second spot, titled “America Needs Neighbors Like You,” will air during the
Rocket, Redfin air first joint Super Bowl ad Read More »
Brown Harris Stevens (BHS) is welcoming Maggie Ross as its new managing director of sales for the firm’s Brooklyn operation, according to an announcement on Wednesday. Prior to accepting this position at BHS, Ross was an associate real estate broker at Compass. In her new role at BHS, Ross will be tasked with overseeing all
Brown Harris Stevens names Maggie Ross to lead Brooklyn sales Read More »
In the bigger picture, the past two and a half weeks have been marked by a very narrow range in the bond market. Because bonds dictate mortgage rates, the latter have also been in a narrow range with average top tier 30yr fixed rates of 6.15-6.20%. Yesterday’s employment-related data helped bonds improve. Many lenders made
Mortgage Rates Match Lowest Levels in Over 2 Weeks Read More »
As the House prepares to vote next week on the Housing for the 21st Century Act, mortgage industry groups are lining up in support of a bill that bundles a wide range of changes to housing finance, federal oversight and development policy. Processing Content The Mortgage Bankers Association on Friday urged lawmakers to pass the
MBA, lenders rally behind Housing for 21st Century Act Read More »
Trump administration officials are exploring opening an antitrust investigation into US homebuilders as the White House sharpens its focus on tackling the country’s housing affordability crisis. Processing Content The Department of Justice could open the probe in the coming weeks, according to people familiar with the discussions. No decision has been made and the administration
White House explores opening antitrust probe on homebuilders Read More »