Chicago-area listings vanish from Zillow in data-dispute
Midwest Real Estate Data cut off its data feed to Zillow in a dispute over where home listings are visible, causing Chicago-area listings to stop appearing on Zillow.
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Ericsson moves Stockholm operations to Hagastaden in phased campus rollout
Ericsson will relocate its Stockholm operations, including the HQ, from Kista to Hagastaden in a phased process starting in 2028. The company has signed leases for about 71,000 square meters across five Hagastaden properties (Wave, Corner of Ekeblad, Trinity from Atrium Ljungberg; Emerald House and Jubileumshuset from Castellum), with Infinity under construction and expected ready by late 2027. The new campus aims to foster collaboration and attract top talent, though Ericsson has not yet finalized its definitive future footprint in the area.
Seattle Amazon PM earns ₹11 Lakh/Month, Buys Indian Real Estate but Skips an Emergency Fund
An Amazon senior product manager in Seattle earns about $285k–$300k annually (take‑home around ₹11 lakh per month) but says he feels financially insecure due to high healthcare, childcare and living costs as a single‑income household. He owns a four‑bedroom home in Seattle with roughly a $5,000/month mortgage, plans to retire by 50, and invests heavily in stocks, gold/silver and 3–4 investment properties in India to generate rental income. He saves about $50k/year (roughly $2k/month in a 401(k) and $2k in cash) but has no emergency fund, relying on credit lines and family/friends in a crisis. Seattle expenses include utilities ≈$800, health insurance ≈$750, and $630/month for a Tesla, plus Range Rover costs, childcare, groceries, travel and about $20k in personal debt from last year.
Sonoma Castle Road Estate Evicted as Mattson Bankruptcy Advances
Ken and Stacy Mattson must vacate their 50-acre Castle Road estate by June 15 as the LeFever Mattson bankruptcy estate takes control and begins liquidating assets; the eviction coincides with Ken Mattson's federal indictment for wire fraud and related charges, with prosecutors expecting him to plead guilty to a single count of fraud and face up to 12 years in prison. The property is valued around $6.85 million, and the ongoing liquidation aims to compensate investors, with interim distributions anticipated by late summer.
Mortgage Rates Reach 9-Month High Amid Bond Market Turmoil
Mortgage rates climbed to about 6.51% for a 30-year fixed—the highest in nine months—driven by bond-market turmoil linked to Middle East tensions and higher oil prices, with inflation worries and lagging wages clouding the housing outlook. A $450,000 loan would cost roughly $2,278 per month, up from about $2,154, illustrating higher borrowing costs. Mortgage applications fell in April while home prices stayed near record highs, signaling a tepid spring market as buyers face higher costs and greater uncertainty.
Chicago-area Zillow listings vanish as MLS dispute cuts data feed
Thousands of Chicago-area home listings disappeared from Zillow after Midwest Real Estate Data pulled access to its regional MLS amid a dispute over private listings marketed to select buyers; Zillow has sued MRED and Compass, arguing the move undermines its rules and hurts buyers, with the suspension causing many listings to go-dark or stay outdated as listings don’t refresh.
Kathie Lee Gifford Seeks $100M for Legendary Greenwich Waterfront Estate
Former Today host Kathie Lee Gifford has listed her Greenwich, Connecticut estate, Cedar Cliff, for $100 million—the highest price in Greenwich—following major upgrades that added an East Wing with a movie theater and wine cellar. The 13,100+ square-foot, eight-bedroom Mediterranean-style home sits on 2.9 acres with 1,250 feet of water frontage on the Long Island Sound, plus a private beach, dock, pool, spa, and tennis court. Gifford, who moved to Nashville in 2019, says she’s selling after her husband Frank Gifford’s 2015 passing, preserving the property’s storied celebrity history and waterfront allure for potential buyers.
Cost of Living Sparks a Boom in Multigenerational Homes
Rising prices and stagnant wages are pushing more American families to live under one roof across generations, with grandparents helping care for kids and adult children teaming up to buy homes. Builders are responding with plans that include attached or separate living spaces to balance togetherness and privacy, and data show multigenerational home purchases rose from 14% to 17% of buyers between 2023 and 2024.
New York Mulls Tax on Cash-Only Million-Dollar Home Purchases
New York is reportedly considering a tax targeting all-cash purchases of homes valued at around a million dollars, part of budget or real-estate policy moves. The proposal could raise upfront costs for cash buyers and generate more revenue, potentially impacting the luxury housing market; details on thresholds and how it would be implemented were not fully disclosed in the excerpt.
Iran War Fallout Sinks Trump Tower Australia Plan
Altus Property Group canceled its $1.1 billion Trump Tower project on the Gold Coast, blaming the Iran war for making the Trump brand toxic in Australia; the Trump Organization disputed the claim, saying negotiations collapsed, and Altus plans to proceed without the Trump name amid local concerns and petitions.
Gold Coast Trump hotel project canceled over toxic-brand concerns
Altus Property Group says it has scrapped its $1.1 billion, 91-storey Trump hotel and apartment tower on Australia's Gold Coast, citing the Trump brand as toxic to Australians; the project, dependent on licensing obligations, was abandoned after those obligations were not fulfilled, with the developer planning to pursue the development under a different luxury brand.
Oakland’s Housing Slump Splits the City Into Winners and Losers
Oakland’s typical home value was about $716,000 in March, down 8–9% year over year (roughly 11.4% in inflation-adjusted terms) and about 28% below the 2022 peak, with a split market: Rockridge and Claremont-Elmwood still see bidding activity, while downtown has double‑digit declines. Higher mortgage costs and condo fees keep affordability tight, with a mid-priced Oakland home costing around $3,680/month with 20% down, pushing buyers to wait out the market. National spring trends hint slight gains, but Oakland’s outcome will hinge on days-on-market, inventory changes, and rate movements, likely preserving a city divided between brisk neighborhoods and those needing sharper price adjustments.
NAR: April Existing-Home Sales Tick Up 0.2% as Inventory Rises
NAR reports April existing-home sales rose 0.2% month-over-month to a seasonally adjusted annual rate of 4.02 million, with inventory up 5.8% to 1.47 million (about 4.4 months’ supply). Sales were flat year-over-year, while the median price increased 0.9% to $417,700. The Housing Affordability Index stood at 110.6 and affordability improved across regions. Mortgage rates averaged 6.33% in April. Regional detail shows Midwest and South up, Northeast unchanged, and West down, with second-home purchases contributing to demand.
AI Wealth Fuels San Francisco Real Estate Boom Ahead of IPOs
San Francisco's housing market is soaring as AI money from private secondary stock sales fuels demand for luxury homes, pushing prices higher even before OpenAI and Anthropic go public.
technology21 days ago
Propy bets $100M on blockchain-backed real estate deals
Propy, a blockchain-focused real estate startup, is committing $100 million to move real estate deals onto the blockchain, aiming to streamline transactions and boost cross-border transparency and speed.