American tech real-estate marketplace company
Gazundering and gazumping threaten house sales. BBC reports reforms could cut delays and costs, while other outlets highlight buyer brokerage contracts and the broader market impact. One in three sales still fall through; reforms aim to speed exchanges and protect buyers and sellers.
AGoogle‑reported campaign shows hackers using voice phishing to target private equity firms, law firms and ratings agencies, stealing passwords and MFA codes via spoofed help desks. Several victims reportedly paid ransoms; researchers warn that the human element remains the biggest weakness in corporate security.
The FTC and five states have reached a settlement with Zillow and Redfin over their rental-listing partnership. The deal allows Redfin to resume rental advertising and keeps Zillow-Redfin cooperation, while boosting competition and aiming to lower listing costs for landlords and renters. The settlement covers ads and a staged return to rentals through 2030.
The FTC has filed a proposed order requiring Redfin to restart its standalone rental listings and to resume competing for property-management customers, following a settlement with Zillow and state AGs. The agreement preserves a rental partnership but allows Redfin to pursue its own rental business and ad sales. The settlement resolves litigation in five states and follows an antitrust case that claimed higher rents and lower listing quality.
The Sun Belt housing market has cooled from its 2020-22 surge, with price declines slowing and inventory tightening in places like Austin, Houston, Dallas, Tampa and Jacksonville. Luxury markets show resilience but overall activity remains subdued as buyers respond to higher mortgage costs and builders clear existing stock.
New data from Redfin and Zillow show a split in the housing market. Long Island remains a strong seller’s market near Manhattan, while many other metros swing toward buyers. Renters are testing new cities, and out-of-town demand signals rising home-purchase activity in places like Buffalo, Chicago and Houston.
Mortgage rates have moved higher, suppressing loan demand and weighing on home sales and refinancing. The mortgage market remains pressured by inflation, oil price dynamics, and policy expectations, with several reports showing rates near or above 7% and inventories rising.
The Queen's estate home has traded hands multiple times since its construction in 1940. It has recently sold for $1.93 million after a lengthy period of neglect and renovation. The buyer, Trump Birth Home LLC, has moved to update the property that previously fetched higher prices in the market.