US Economy Shrinks, White House Signs Forestry Order, CoStar Acquires Matterport
OTA Staff
- 5 min.
US Economy Shrinks The US economy has taken a sharp downward turn, with the latest data from the Atlanta Federal Reserve’s GDPNow tracker showing a stunning 1.5% contraction in the first quarter. Just... Read more ->
Opendoor Technologies, Redfin Report Earnings, Elon Musk’s Allies at HUD Face Scrutiny Over Real Estate Ties
OTA Staff
- 4 min.
Opendoor Technologies Opendoor, ticker symbol on the NASDAQ, O-P-E-N, delivered strong Q4 results, with sales up 24.6% year-over-year, reaching $1.08 billion—beating Wall Street’s estimate by 10.8%. Despite this, the company’s Q1 revenue guidance... Read more ->
Pending Home Sales Drop 4.6% in January, Refinance Activity Rises in Q4, Staunton Realtor®’s Hate Speech Conviction Upheld
OTA Staff
- 4 min.
Pending Sales Drop Pending home sales dropped 4.6% in January, according to the National Association of REALTORS®. Month-over-month, sales retreated in the Midwest, South, and West, with the South experiencing the most significant... Read more ->
AFGE Union Challenges HUD, First AI Agent Closes $100M, Redfin Stock Surges on Acquisition Speculation
OTA Staff
- 4 min.
AFGE Union Challenges The American Federation of Government Employees (AFGE), the largest labor union for U.S. Department of Housing and Urban Development (HUD) employees, is pushing back against a controversial new reporting directive.... Read more ->
US Economic Confidence Steady, iBuyer Offerpad Reports Earnings, Realtor® Reports Suspicious Homebuyer Encounter
US Economic Confidence Steady Economic confidence in the U.S. has remained steady in February, with Gallup’s Economic Confidence Index registering -19, the same as January. This marks continued negative sentiment about the economy,... Read more ->
eXp Earnings Reports Growth and Wider Losses, Florida Considers Eliminating Property Taxes, N.A.R Report Home Sales Decline
OTA Staff
- 4 min.
eXp Earnings Reports Growth and Wider Losses eXp World Holdings - NASDAQ Ticker Symbol EXPI - has reported its full-year 2024 results, with revenue reaching $4.57 billion, a 6.7% increase from the previous... Read more ->
Fed Officials Warn on Inflation Risks, Phoenix Realtors® Settle MLS Dispute, REMAX Reports Decline in Revenue but Strong Profit Growth
Fed Officials Warn on Inflation Risks Federal Reserve officials are expressing continued concern about inflation despite recent signs of economic stabilization. St. Louis Fed President Alberto Musalem warned that rising inflation expectations could... Read more ->
US Housing Market Gains $2.5 Trillion, CoStar Bids $1.72 Billion for Domain, Fannie Mae Forecasts Strong 2025 Economy
OTA Staff
- 4 min.
US Housing Market Gains $2.5 Trillion In 2024, the combined value of U.S. homes surged by $2.5 trillion, reaching a total of $49.7 trillion, according to a new report from Redfin. This marks... Read more ->
U.S. Homebuilder Sentiment Falls Amid Tariffs and Rising Rates, Homebuyers Shift to Remodeled Homes; Compass Earnings Report
OTA Staff
- 5 min.
US Homebuilder Sentiment Falls Amid Tariffs and Rising Rates U.S. homebuilder sentiment has fallen to a five-month low in February, reflecting growing concerns over the impact of tariffs and higher mortgage rates on... Read more ->
Treasury Yields Climb, Cash Home Purchases Hit 3-Year Low, and CoStar Expands into Agricultural Real Estate with Ag-Analytics Acquisition
OTA Staff
- 4 min.
Treasury Yields Climb Treasury yields are climbing as traders look for clearer guidance on the Federal Reserve’s next moves. The 10-year Treasury yield rose to 4.52%, its highest in a week, following reports... Read more ->
Judge Blocks CFPB Employee Terminations, Californians for Homeownership Sues Los Angeles Over Housing Rezoning, and Fannie Mae Reports $17 Billion Net Income for 2024
OTA Staff
- 4 min.
CFPB : Judge Blocks Employee Terminations A U.S. District Judge has temporarily blocked the current administration’s efforts to terminate employees at the Consumer Financial Protection Bureau (CFPB) without cause. In a court order... Read more ->
HUD to Cut 50% of Workforce as Anywhere Real Estate Reports Strong 2024 Earnings and Palm Beach Market Soars Amid New York Migration
OTA Staff
- 4 min.
HUD to Cut 50% of Workforce The U.S. Department of Housing and Urban Development (HUD) is set to cut 50% of its workforce, according to the agency's union president, Antonio Gaines. The cuts... Read more ->
