Zillow’s latest lawsuit is not about consumers, and it never was

When Zillow launched Zillow Preview alongside a coalition of leading brokerages earlier this year, there was a moment of relief across the housing industry. Many hoped the company’s sustained campaign against private listings had finally run its course. Two months later, that hope looks premature. Z

Mortgage Rates Post Biggest Drop in 2 Months in Independence Day Boost for Buyers

Mortgage rates dropped substantially Thursday, as falling oil prices and the tentative U.S.-Iran peace deal pushed long-term borrowing rates lower. The average rate on 30-year fixed home loans fell to 6.43% for the week ending July 2, down 6 basis points from 6.49% the previous week, according to Fr

Manhattan Luxury Market Booms Despite Mayor Mamdani’s New Tax on Second Homes

Despite New York City's first ever pied-à-terre tax on upscale properties worth over $5 million, the city's luxury real estate sector remains unbowed—in fact, it is booming. The tax championed by Mayor Zohran Mamdani went into effect July 1, but Manhattan's luxury market continues to outperform, wit

Hiring Slows Dramatically in June in Warning Sign for Summer Housing Market

June saw the U.S. economy add just 57,000 new jobs, falling well short of economists' expectations, even as the national unemployment rate retreated slightly to 4.2%. According to the latest report from the Bureau of Labor Statistics released Thursday, nonfarm payroll growth last month came in signi