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In his continued movement of expanding seller choice across real estate, Compass CEO Robert Reffkin said he expects “more than 90% of MLSs to have rules that allow sellers to market both Private Exclusives and Coming Soons by the end of the year” during the company’s recent Q2 earnings call. In presenting to investors, Reffkin…

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As homebuyers continue to struggle through the 2026 housing market amid affordability issues, rising mortgage rates and ongoing economic uncertainty, one of the nation’s mega banks is stepping in with a major long-term investment into the housing market.   JPMorgan Chase announced Aug. 3 that the firm intends to invest over $750 billion through 2035 with…

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Zillow has laid off 500 employees—about 7% of the portal’s 7,000 employees—in order to ensure a “disciplined cost structure” across the portal, according to an announcement by CEO Jeremy Wacksman today. In a blog post attributed to Wacksman, ahead of Wednesday’s Q2 2026 earnings release and investor call, the Zillow CEO described these “organizational changes”…

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Carrington Mortgage Services, LLC has announced its acquisition of Valon Mortgage, Inc. from Valon Technologies, Inc., marking the close of a strategic partnership built around ValonOS, the AI-native operating system Valon has built for mortgage servicing.  According to a release, under the agreement, Carrington expands its servicing portfolio by approximately 810,000 loans and will use…

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