Seattle Real Estate, Business and Technology News
D.R. Horton Started 13,100 Homes Last Quarter, More Than 5,500 Below Its Orders
Orders reached 18,619 in fiscal Q4, and gross margin was 19.5%. Its 2027 guide of 79,000 to 84,000 closings runs flat to down 6%, with management expecting near-term margin pressure.AI Summary · Full story
November 9, 2026 · By Dan Oppenheim
Zillow Posted a $158 Million Q3 Loss as Visits Fell 5% to 2.3 Billion
Revenue rose 7% to $724 million on rentals and mortgages, while residential slipped 4%. Preferred agents took two-thirds of buyer connections and are slated to get all of them in the first half of 2027.AI Summary · Full story
November 6, 2026 · By Brooklee Han
Open Real Estate Says 826 Brokerage Leaders Back It, 59% of Them From Independents
The count comes from the group itself and measures letters of support, not signed participants. Bright MLS said it looks forward to partnering, and NorthstarMLS's CEO urged peers to see an opportunity.AI Summary · Full story
November 6, 2026 · By Brooklee Han
Washington Voters Reject Repeal of the 9.9% Tax on Income Above $1 Million
I-645 failed 57.6% to 42.4%. The tax takes effect January 1, 2028, with first payments in 2029, though a Klickitat County lawsuit arguing income is property is expected to reach the state Supreme Court.AI Summary · Full story
November 6, 2026 · By Frank Sumrall
Payrolls Rose 165,000 in October as Residential Specialty Trades Shed 15,200 Jobs
Unemployment was 4.1%, and real estate added 4,300 jobs. First American's senior economist said the labor market keeps a December Fed hike in play and could push back mortgage-rate relief.AI Summary · Full story
November 6, 2026 · By Brooklee Han
Compass Posted Its First Profitable Third Quarter on $3.9 Billion in Revenue
Revenue rose 11.6% pro forma after the Anywhere deal, and brokerage agents grew to 85,476. In cities without marketing limits, 63% of new Compass listings launch as private exclusive or coming soon.AI Summary · Full story
November 6, 2026 · By Lillian Dickerson
PCC Opened Its 17th Store in Madison Valley, a Decade After Signing the Lease
The store is expected to employ about 75 people, led by Nick Novak, who previously ran the Greenlake Village PCC. Its deli adds prepared meals, sandwiches, and hot soups.AI Summary · Full story
November 3, 2026
Freddie Mac's 30-Year Fell to 7.24%, Its Second Straight Weekly Drop
The 30-year average was 7.32% a week earlier and 6.17% a year ago. The 15-year fell to 6.60% from 6.68%.AI Summary · Full story
November 3, 2026
Microsoft Offered Voluntary Buyouts to About a Quarter of Its Workforce
Microsoft offered the buyouts to about 60,000 employees in the U.S., U.K., Canada, and India. Sales and some engineering and marketing teams were left out, and the terms resemble its standard severance.AI Summary · Full story
November 3, 2026 · By Monica Nickelsburg
CoStar Will Pay $730 Million for Vexcel's Aerial Imagery
The all-cash deal is expected to close in early 2027. Vexcel's aerial imagery covers 99.6% of the U.S. population, and CoStar aims to use AI to extract hundreds of data fields per property.AI Summary · Full story
November 3, 2026 · By Katherine Schulte
NWMLS Introduces First Look, a New Pre-Market Listing Option
Starting Sept. 4, sellers can publicly market a home for up to 21 days before it goes Active. They choose whether to allow showings and whether the listing appears on IDX sites.AI Summary · Full story
September 17, 2026