Compass says Zillow exposure cut sale-to-list ratios by 1.3%
Homes that appeared on Zillow sold for 1.3% less, on average, than comparable listings that did not show up on the portal, according to new internal research from Compass International Holdings. The analysis, led by Compass chief economist Mike Simonsen and chief data officer Dave Crosby, examined 296,966 Compass listings posted between January 2025 and […]
Private exclusives and fiduciary duty, questions from ERA remarks
Electronic Realty Associates’s (ERA) origin story is right there in the name: Getting a listing in front of more buyers than the local competition could reach, and getting there faster. Can private exclusives do that? I started in this business in 1979, when “faster” meant something specific and measurable. Listings reached member brokers through printed […]
Repliers, Unlock MLS partner on AI-powered Austin market data
Repliers has partnered with Unlock MLS to provide direct, secure access to Central Texas MLS data through its artificial intelligence (AI)-focused API infrastructure and model context protocol server. The partnership gives Unlock MLS subscribers access to Repliers’ data platform, enabling agents, brokers and technology providers to build AI-powered applications, automate workflows and create custom products […]
Constant Contact launches marketing platform for real estate
Constant Contact has launched Constant Contact for Real Estate, a marketing platform that the firm said is designed for brokerages, franchises, associations, MLSs and agents that layers enterprise controls on top of individual agent tools. The company announced the product on Wednesday, positioning it as a way for real estate organizations to standardize marketing and […]
Mortgage applications fall 6.4% as 30-year rate hits 6.76%
Mortgage applications decreased 6.4% from one week earlier, according to data from the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending July 24. On an unadjusted basis, the index decreased 6% compared with last week’s data. The refinance index decreased 10% from the previous week and was 2% lower than the […]
Foreign buyers purchased $45.3B in U.S. existing homes, NAR says
Foreign buyers purchased $45.3 billion in U.S. existing homes from April 2025 through March 2026, a 19.1% drop in dollar volume and a 14% decline in the number of properties, according to the National Association of Realtors’ (NAR) 2026 International Transactions in U.S. Residential Real Estate report, published on Wednesday. NAR Chief Economist Lawrence Yun […]
Pennymac layoffs hit lending and fulfillment teams
Pennymac imposed another round of layoffs ahead of its after-market earnings report on Wednesday, as the mortgage sector navigates a higher-for-longer interest-rate environment. “Pennymac has executed well against a challenging backdrop, even as sustained high interest rates have reduced industry loan volumes and the size of the addressable market,” a company spokesperson said in a […]
Fannie Mae Q2 net income hits $4B
Fannie Mae reported $4 billion in net income during the second quarter of 2026, a 7% increase from the prior quarter and a 20% increase from a year earlier, as higher revenue offset an increase in its provision for credit losses. The government-sponsored enterprise said in its Wednesday morning earnings call that net income rose […]
Palo Alto SB 79 loophole begets a rush on new housing proposals
City council members in Palo Alto, the center of California’s Silicon Valley, came up with a plan they hoped they might blunt a state law that took effect July 1 that requires more density near public transit. So much for their plan. The council opened a two-week window, betting few developers would rush in before […]
Texas is growing up, smart builders will redesign for payment math
Texas real estate is not running out of opportunity. It is simply becoming less forgiving of lazy assumptions, expensive land and undisciplined execution. For more than a decade, the Texas housing story was easy to tell. People kept coming, builders kept building and prices kept climbing. That story was mostly true. It was also incomplete. […]