The city is experiencing a notable shift in its housing market as home purchase cancellations rise, reflecting a broader national trend away from the frenzied market of recent years.

The U.S. Federal Trade Commission is suing Zillow and Redfin, accusing them of an illegal deal to suppress competition in online rental advertising.

Homeowners eager to sell may have to wait a while before a buyer comes along.

Mortgage company Rocket Cos.

Mortgage lender Rocket Cos.

Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices.

Homebuyers who can afford to bypass the highest mortgage rates in two decades are increasingly forgoing financing and paying all cash.

The late Queen of Soul’s Detroit Golf Club home is selling for a little less than $1 million.

The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months.

The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite recent job cuts that have begun to spread across sectors most affected by soaring interest rates, such as housing and technology.

Online real estate broker Redfin is cutting 862 employees and shutting down its instant-cash-offer subsidiary RedfinNow, another casualty of two-decade high interest rates stoked by the Federal Reserve’s fight against inflation.

Homebuyers are regaining leverage at the negotiating table as the housing market slows, new data from Redfin shows.

Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite myriad economic pressures, including four-decade high inflation.

Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off.

Fair housing advocates have announced a settlement to resolve a lawsuit against real estate brokerage Redfin that will expand housing opportunities for consumers in communities of color.

Would-be homeowners are increasingly opting to pay sellers more than their asking price in hopes of edging out rivals as heightened competition for the few homes on the market fuels bidding wars.

Soaring home prices and rents are fueling real estate companies' appetite for houses, adding unwelcome competition for many would-be homebuyers.

Microsoft says employees must be fully vaccinated to enter the company’s U.S. offices and other worksites, starting next month.

America’s housing market has grown so overheated as demand outpaces supply that prices keep hitting record highs — and roughly half of all U.S. houses are now selling above their list price.

But Redfin’s minimum price and other policies have had the opposite effect, according to the National Fair Housing Alliance, a Washington, D.C.-based nonprofit dedicated to eliminating housing discrimination, and nine of its member organizations. Under the minimum price policy, Redfin doesn't offer its full services unless homes are listed for certain prices, which vary by market. In adjacent, predominantly white DuPage County, however, the minimum price was just $275,000. Further, it alleged, Redfin sometimes failed to provide services even when a home's price topped the minimum. The lawsuit asks the court to block any Redfin policies found to violate federal fair housing law and seeks punitive damages.