Zillow taps Dallas as one of Texas's hottest housing markets for 2025

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Today's newsletter is 641 words — a 2.5-minute read.

1. Meta moving trust and safety teams to Texas from California

Social media giant Meta (Facebook and Instagram) announced they would move their content reviewers and policy writers from California to Texas.

The move from Meta comes as it announced that it would end its independent fact-checking program and move to a community notes-style system like social media platform X.

However, Michael McConnell, the co-chair of Meta’s oversight board said eliminating fact-checking will not likely prove effective and lends the impression that Meta is caving to political pressure days before Donald Trump takes office.

2. Supreme Court denies NAR’s appeal request, allowing DOJ investigation to proceed

On Monday, the NAR faced another legal setback when the Supreme Court declined to hear its case against the DOJ.

The Supreme Court didn’t explain its reasoning for the decision, which will now allow the DOJ to reopen its investigation into the association’s cooperative compensation rule.

NAR and the DOJ had agreed to a proposed settlement in 2020. However, in 2021, the DOJ withdrew the settlement and resumed its investigation into the association’s commission rules. LINK

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3. Catch up quick

🔥 Zillow taps Dallas as one of the country's hottest housing markets for 2025. (Axios)

📢 Senate to hold Scott Turner’s HUD nomination hearing Jan. 16. (Senate)

📰 Redfin lays off 46 employees at Seattle HQ. (GeekWire)

📉 Texas house prices are forecast to fall in 31 cities. (Norada)

🏆 Fun read: North Crowley High School coach Ray Gates named MaxPreps National Coach of 2024. (MaxPreps)

4. Asking rents fell fastest in Austin, now 23% below their all-time high

According to a new report from Redfin, the median asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022.

For 0-1 bedroom apartments, the median asking rent fell 1% year over year to $1,449. For 2 bedroom apartments, it declined 0.6% to $1,665, and for 3+ bedroom apartments, it dropped 2.5% to $1,950.

• In Austin, TX, the median asking rent dropped 16.3% year over year in December—the largest decline among the 44 major metropolitan areas Redfin analyzed. At $1,393, Austin’s median asking rent last month was 22.6% below its August 2023 record high.

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5. 34% of homeowners say they will never sell their home

According to a Redfin report, 34% of homeowners say they’ll never sell their homes. Meanwhile, 27% plan to wait at least 10 years before selling, and 24% intend to sell in five to 10 years. Only 8% plan to sell within three to five years, and just 7% within the next three years.

Older generations, led by baby boomers aged 60 to 79, dominate the group of homeowners who say they’ll never sell their homes, followed by Generation X, with millennials and Generation Z making up the smallest share.

Share of homeowners, by generation, who would consider selling their current home within the specified timeframe

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