Stephen R. Bough—the federal court judge overseeing the Burnett case—has been asked, yet again, to recuse himself from a case after accepting contributions from plaintiffs to his wife’s campaign. Judge Bough is no stranger to these accusations, having proactively asked parties involved in the Burnett case if they felt he should recuse himself last year,…
Uncertainty remains high, but Federal Reserve Chair Jerome Powell emphasized the Fed’s focus on “separating the signal from the noise,” claiming that the central bank is “well-positioned to wait for greater clarity.” During a talk at the University of Chicago’s Booth School’s Clark Center for Global Markets on March 7, Powell made it clear that…
Homebuyers love to shop around, browsing available homes online in different neighborhoods, because buying a home is essentially buying into the general lifestyle of the neighborhood. The latest Realtor.com® top 10 neighborhood rankings reveals which neighborhoods buyers are most interested in, receiving the most views per listing. These 10 communities each have their own charm…
President Trump’s 25% tariffs on Mexican and Canadian imports, initially set to go into effect earlier this week on Tuesday, March 4, have been delayed up until April 2. Trump granted Mexico the extension, announcing it via Truth Social post, and just a few hours after, he reversed the order for Canada. For another month,…
In a recent analysis, real estate economist Ken Johnson, who serves as the Christie Kirkland Walker real estate chair at the University of Mississippi, reports that the average home price is being sold at a significant premium. Using 25 years of data from Zillow dating back to January 2000, Johnson’s analysis compares average home prices…
Keller Williams, privately owned since 1983, has brought in an outside investor, CoreLogic’s parent company, Stone Point Capital, a Connecticut-based investment firm which claims $55 billion in assets. According to a release, Keller Williams is forming “a strategic partnership with funds managed by” Stone Point, which is “investing capital to help fuel Keller Williams’ continued…
Opendoor wrapped up 2024 with a mixed bag of financial results, reflecting the “persistent macro headwinds” of the housing market. At its fourth quarter and full year 2024 earnings call February 27, the report showed an increase in revenue, home acquisitions and net losses. The iBuyer brought in $1.1 billion, up 25% from 2023’s final…
The latest numbers, released jointly by the U.S Census Bureau and Housing and Urban Development, show sales of new single-family homes in January 2025 plunged to a seasonally adjusted annual rate of 657,000, down 10.5% from December 2024, which raked in 734,000 residential sales. The findings also show a 1.1% decrease year-over-year from the 664,000…
In response to the National Association of REALTORS®’ (NAR) motion to dismiss the antitrust and conspiracy lawsuit first filed in August 2024, Michigan brokers and agents filed a lengthy brief in making a case against the associations and local MLS group for monopolistic practices and conspiracy. The NAR and other defendants—the Michigan Association of REALTORS®;…
A new report from Zillow shows that homeownership is on the rise for Black households. Sixty-two percent of Black homebuyers purchased their first home in 2024; overall, first-time buyers account for 44% of the market. Black first-time homebuyers reached a record high of 63% in 2023. In 2019, Black households accounted for 47% of first-time…
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