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New California wildfire homeowner assistance program includes reverse mortgages

As communities and organizations continue to reckon with the impact of the Los Angeles-area wildfires, the state is now stepping in with a new assistance program that will include impacted reverse mortgage borrowers whose homes were damaged or lost. California Gov. Gavin Newsom (D) on Thursday announced that the CalAssist Mortgage Fund will launch on June 12. It will “provide grants up to $20,000 to...

Century 21 expands with affiliation on Oregon coast

Century 21 Real Estate has added Shorepine Properties in Pacific City, Oregon, to its network — strengthening the brand’s presence in the state’s Central Coast region. Broker/owner Becky Kirkendall has led Shorepine Properties since purchasing the full-service brokerage in 2017. A former hospitality manager, Kirkendall transitioned into real estate after moving to Pacific City in 2006. She has...

Tech Pulse: Compass touts AI platform, Prudent AI launches non-QM tool

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends impacting mortgage and real estate. Here’s what happened this week: Robert Reffkin touts Compass’s AI platform, agent advocacy efforts Compass is preparing to launch a new AI platform designed to automate tasks, find opportunities and give agents real-time...

AI assistant Shilo closes $2.6 million seed funding round

Shilo.ai is going to have an easier time with product development thanks to a $2.6 million seed funding round. The AI assistant firm announced the funding round on Friday.  The round was led by AZ-VC, Arizona’s largest venture capital fund, which was founded by Jack Selby, the managing director of Thiel Capital. “We’re not here to build another tool,” Justin Benson, the co-founder and CEO...

Former Douglas Elliman agent withdraws lawsuit that sought unpaid commissions

A former Douglas Elliman agent has withdrawn a lawsuit that sought to recoup $1.6 million in clawbacks from deals that closed after she left the brokerage. New York and Miami agent Holly Parker claimed she’s owed commissions on deals that were pending following her exit from Douglas Elliman. In the withdrawal, filed in the Supreme Court of the State of New York, Parker disclosed that the firm wants to...

Greater Palm Beach Area Residential Sales Drop 9 Percent Annually in April

According to new data from the Miami Association of Realtors, Palm Beach County residential real estate market experienced a notable slowdown in April 2025. Total residential sales declined 9.4% year-over-year, falling from 2,568 transactions in April 2024 to 2,326 this year. Single-family home sales dipped 5.28% year-over-year, from 1,402 to 1,328, while existing condominium sales fell even more sharply,...

Zillow: Luxury housing market slowed in April

The luxury housing market lost momentum in April as financial uncertainty prompted many high-end buyers and sellers to hold off on transactions, according to a new report from Zillow. Defined as the top 5% of home values in each region, the typical luxury home in the U.S. is now valued at about $1.8 million. Despite a slowdown in market activity, prices have continued to rise, with luxury home...

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