June 2025

North Carolina real estate office reopens after Hurricane Helene devastation

Premier Sotheby’s International Realty has reopened its office in Asheville, North Carolina, marking a significant milestone in the region’s recovery from Hurricane Helene. The real estate agency, which was severely damaged in the storm, underwent extensive restoration over the past nine months. Its reopening was commemorated with a ceremony on June 16, where a plaque was unveiled to honor the...

Redfin, Thumbtack partner to connect homeowners with improvement pros

Redfin has launched a new feature in partnership with home services provider Thumbtack to help homeowners find and hire professionals for home improvement and maintenance projects. By claiming their property on Redfin and visiting the Owner Dashboard, homeowners can now access a range of services — including painting, landscaping, cleaning and HVAC maintenance. The feature allows users to review...

Global Super-Prime Housing Markets Rally in 2025

Dubai, Palm Beach and Miami Lead the Way Global super-prime real estate--homes sold for $10 million or more--surged into 2025 with strong momentum, as rising wealth and investor appetite fueled luxury transactions across key global cities. According to new data from the international property consultancy Knight Frank, 527 super-prime deals closed in Q1 2025, up 6% from the 498 recorded in the same quarter...

Trump wants Powell to lower rates. Here’s how to do that

Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way to do it? As I have written before, one reason the President is pursuing a lower Fed Funds rate is to support the...

FHFA Director Bill Pulte calls on Fed Chair Powell to resign

FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post. This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointed out the challenges of finding a job right now, he said the Fed is not planning to cut rates anytime...

Home flipping activity slows nationwide as profits tighten

The U.S. home flipping market showed signs of strain in the first quarter of 2025 as the number of flipped properties dropped to a six-year low and profit margins continued to erode, according to ATTOM’s Q1 2025 U.S. Home Flipping Report. A total of 67,394 single-family homes and condominiums were flipped between January and March, representing 8.3% of all home sales. While that share was up from...

15 commission lawsuit settlements are up for final approval next week

Commission lawsuit settlement agreements from 15 real estate industry players, including major names like Keyes Co./Illustrated Properties, Side, JPAR, NextHome and Baird & Warner will be up for final approval on Tuesday, June 24. The fifteen settling defendants, which come from the Gibson and Keel suits, filed a joint motion for final approval of the settlements this week. Judge Stephen R....

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