Compass rolls out its agent platform across brokerage brands

Plus: Gen Z hit a record share of the mortgage market

July 07, 2026

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Today’s newsletter is 689 words—a 2.5-minute read.

1. Compass rolls out its agent platform across brokerage brands

Compass is rolling out its AI-powered Home Platform across its company-owned brokerage brands, marking what the company says is the largest technology deployment in residential real estate history, according to a Thursday announcement.

Beginning this summer, real estate professionals affiliated with @properties, Coldwell Banker Realty, Corcoran, and Sotheby's International Realty will gain access to the platform. It will operate under the Home Platform brand, with Compass planning to expand access to its franchise network in 2027.

“For more than a decade, Compass has invested in building technology to help agents grow their business and create great experiences for their clients,” Ori Allon, co-founder of Compass, said. “The true power of AI lies in the unique data and workflows that fuel it. By combining industry-leading artificial intelligence with our vast, proprietary data, Home Platform creates an advantage that cannot be replicated.”

2. Foreclosure listings hit a six-year high

According to a new Realtor.com report, the median foreclosed home sold for 27.2% below its estimated market value in April 2026, as foreclosure listings reached their highest April level in six years.

Foreclosure listings accounted for 1.3% of all homes for sale in April 2026, up from a recent low and approaching the 1.7% share recorded in April 2020. During the first half of 2026, foreclosure listings attracted 26.5% more page views than the average listing, despite spending an average of 11 more days on the market.

As of June 2026, Houston ranked among the metros with the highest number of foreclosure listings, with 579 properties.

A MESSAGE FROM DAVE YOUR MORTGAGE GUY

Are Your Buyers Leaving Money on the Table?
Most buyers don't know how much they can ask the seller to contribute toward closing costs—and it depends on the loan type.
▸FHA: Up to 6% of the sales price
▸Conventional: 3%, 6%, or 9%
▸VA: 4% toward closing costs, with additional options for rate buydowns
▸DSCR Investment Loans: Up to 6%
Knowing these limits can save buyers thousands at closing.
Learn how each loan program works and the VA strategy many lenders never discuss.

3. Catch up quick

🚨 NAR tells members to report Realtor brand misuse. (HousingWire)

🚔 San Antonio broker, Jorge Herrero, indicted for identity theft and bank fraud. (KSAT)

🏞️ 10 of the largest, most expensive Texas ranches still on the market. (MySA)

4. Gen Z accounts for record 1 in 5 purchase mortgage locks

According to data from Intercontinental Exchange (ICE), Gen Z accounted for a record 20% of all home purchase rate locks in the second quarter, marking the highest share on record.

Other key takeaways:

  • Gen Z accounted for nearly one-third of first-time homebuyer mortgages and 27% of FHA-insured loans.

  • Gen Z and Millennials now account for nearly two-thirds of all home purchase lending in 2026.

  • Baby Boomers represented just 11% of purchase lending but accounted for 31% of cash-out refinance activity.

  • Boomers also posted higher debt-to-income ratios on cash-out refinances than any other generation.

  • While 71% of homebuyers used personal savings for their down payment, 29% relied on other sources—such as family gifts, loans, or retirement savings—the highest share in seven years.

5. The 14th tallest building in Dallas is up for sale

Ross Tower, a 45-story, 1.1 million-square-foot office tower at 500 North Akard Street, is reportedly up for sale. Matt Murphy, director of Cushman & Wakefield’s Texas Office Advisory Group, shared on LinkedIn that the property is being marketed to investors.

The tower recently completed a $14 million capital improvement program that modernized its elevator system, upgraded common areas, and replaced the cooling tower.

According to the Dallas Morning News, the property is currently 60% occupied, with in-place rents reportedly about 15% below market rates. Major tenants include the Dallas Regional Chamber, Grant Thornton, and Munsch Hardt.

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