Zillow Slaps Compass + Are SELLERS losing MONEY??!
Description
This week on tWiRE, dive into real estate's hottest stories and critical market shifts! Controversy erupts as a Chicago homeowner claims his $200K listing appeared without consent—who's accountable? Zillow fires back at Compass, labeling their innovative 3-phase listing strategy a "hidden scheme." NAR launches a powerful new market stats dashboard exclusively for members, tracking affordability and trends in real-time. Meanwhile, a Redfin journalist shares painful lessons learned after losing $25K on his home sale, and Opendoor finds itself in the spotlight again—but it's not about selling homes. Plus, reality star Tyler Cameron jumps into real estate with SERHANT—who else from TV is switching careers?
In market news, June home sales slump as prices hit another all-time high, and home prices dip slightly across major metros, notably Washington, Austin, and San Diego. Mortgage demand stalls with rates at a 4-week high, while new home listings drop to their lowest in nearly two years. Finally, some relief: sellers are adjusting prices downward, easing monthly mortgage burdens, and institutional landlords face surprising new competition.
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