Real estate tech platform Fathom Holdings Inc. announced Thursday its pricing of a 3 million share public offering at $2 per share, expecting to raise $5.4 million in net proceeds. The company granted underwriting Roth Capital Partners a 45-day option to purchase up to an additional 450,000 shares at the same price and terms, with…
A new federal lawsuit alleges that Zillow has been deceiving homebuyers and inflating purchase prices through an alleged scheme involving hidden fees paid by real estate agents, according to court documents filed Thursday in the U.S. District Court for the Western District of Washington in Seattle. The class-action suit, brought by law firm Hagens Berman…
The American Real Estate Association (ARA) scored a major membership win with the addition of New York powerhouse brokerage Douglas Elliman—and its 6,600 agents—to the new trade group’s ranks. The move boosts membership to ARA, which now claims 26,600 total members, with the addition of Douglas Elliman agents, and also offers a significant tacit endorsement…
Homebuyers and existing borrowers in the market to refinance are finally getting some long-awaited mortgage-rate relief. The average 30-year, fixed-rate mortgage fell to 6.50%—the lowest level in 11 months, according to Freddie Mac’s latest Primary Mortgage Market Survey released Sept. 5. The benchmark rate dropped six basis points from 6.56% the week prior, Freddie Mac…
Homeownership rates are likely to stall over the next decade as younger adults struggle to overcome affordability challenges. That’s according to a new research paper from Harvard University’s Joint Center for Housing Studies (JCHS) released Monday. From 2025 to 2035, researchers project that homeownership rates will range from a low of 64.3% to a high…
Three Western states are seeing policy momentum to tackle the nationwide affordable housing crisis, but financing challenges continue to be a barrier to scaling similar projects in other parts of the country. That was the key takeaway from a Thursday webinar hosted by the Terner Center for Housing Innovation at the University of California Berkeley…
The Trump administration is planning to sell stock in mortgage giants Fannie Mae and Freddie Mac through a public offering later this year, potentially raising $30 billion for the federal government, according to a report from the Wall Street Journal. A senior administration official confirmed the plans separately to Axios on Friday, the news outlet…
A federal judge dealt a blow to the Northwest Multiple Listing Service (NWMLS) on Wednesday, denying its attempt to halt discovery in an explosive federal antitrust case that’s part of a nationwide legal showdown reshaping how homes are sold across America. U.S. District Judge Jamal N. Whitehead rejected NWMLS’s motion to stay discovery while the…
A former chief compliance officer with Flagstar Financial alleges he was fired for investigating money laundering and reporting compliance violations involving the bank’s former CEO who served in the post for less than two months, according to a federal lawsuit filed last week. Ross Marrazzo, enterprise chief compliance officer at New York Community Bancorp (NYCB),…
Compass proved it’s firing on all cylinders in the second quarter, posting what CEO Robert Reffkin called “the best quarterly results in our history”—and the numbers largely back up that bold claim, according to results announced Wednesday in its second-quarter 2025 earnings report. The tech-focused brokerage saw its market share climb to a record 6.09%…
While many real estate agents focus primarily on acquiring new leads, it’s equally essential to recognize the untapped possibilities within dormant contacts and how they can become potential clients. Read more.
