Better mortgage spreads are still keeping home sales positive

Existing home sales were still positive year over year last week, with our weekly pending home sales data holding steady even with elevated mortgage rates. While people are frustrated that lower oil prices haven’t brought rates down, they should be deeply grateful that improved mortgage spreads have helped housing growth in 2026. If this had been 2023, 2024 or even 2025, mortgage rates would have been...

Reffkin takes the stand, MRED CEO says Zillow threatened litigation over listing policy dispute

The second and final day of the hearing regarding Zillow’s preliminary injunction motion in its ongoing antitrust lawsuit against Midwest Real Estate Data (MRED) and Compass International Holdings featured testimony from two key witnesses for the defense, Compass CEO Robert Reffkin and MRED CEO Rebecca Jensen.  During their times on the witness stand on Thursday, Reffkin and Jensen both testified...

Government-backed modular housing trend arrives in Cleveland

Earlier this week, the City of Cleveland and Cleveland’s Site Readiness for Good Jobs Fund announced that UK-based MMY was selected as the City’s preferred modular housing manufacturer, following the award of $2.56 million to support the construction of a new modular housing factory. The news mirrors a larger trend taking shape nationwide. As local and state governments embrace modular housing as...

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