New listings slump. Have home sellers already called it quits?

One of the most encouraging data points for 2025 so far is that new listings have finally emerged from a two-year slump, exceeding 80,000 per week during the seasonal peak period. The question is: Have we already seen the highest new listings print for the year? We are currently in the seasonal period where we should see the highest levels of new listings, but last week’s rebound was disappointingly...

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...

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...

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...

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