What we're tracking this week: a Texas AG opinion on power-buyer disclosures, Zoom Casa crossing 50-state coverage, Opendoor's quarterly print, and the first full data release from the Cash Offer Plus trade association.
The Q2 2026 PSA update adds a plain-English schedule of every fee, trigger, and deduction on a single page — and caps the carry at 4.5%. Three competitors have already told us they're considering matching language.
Paxton's office issued a non-binding opinion this week requiring that any marketed "cash offer" disclose the underlying bridge or mortgage product within the same piece of collateral. UpEquity and Homeward are both reviewing creative.
With North Dakota, South Dakota, Wyoming, and Vermont now live, Zoom Casa is the first Cash Offer Plus program operating in every U.S. state. The new Plains-state appraisal panel was the long pole; see our interview with head of operations Nadia Oates.
Direct iBuyer margins widened 190bps on lower acquisition cost per home. The Cash Plus pilot booked a modest loss on marketing spend against still-thin transaction volume. CEO's line on the call: "We keep the pilot."
HomePivot's reader panel submitted 4,200 closing statements over the last 12 months. Across iBuyer transactions, the median repair deduction landed at 2.3% of valuation — but the 95th percentile was 11.6%. Our breakdown of what drives the tail.
Short answer: less than people think. Program carry is benchmarked to 30-day SOFR, not Fed funds; the pass-through to a seller's carrying line is about 30bps of carry per 75bps of policy rate, after lag. Model is on GitHub.
We pulled closing statements from 212 QuickBuy sellers in Q1. On 38 of them, the 103% resale-share trigger activated — costing the seller a median $4,400 more than the marketed 4.75% fee would suggest. The PSA discloses it. The quote sheet doesn't.
The Simple Sale marketplace now requires each buyer to have closed 12 all-cash transactions in the trailing year, up from 10. Proof-of-funds now refreshes monthly. The change is small on paper; in practice it's where HomeLight's 8.1 rank comes from.
The bill would require programs operating in California to publish a standard Seller Net Proceeds Schedule — modeled on the TILA-RESPA loan estimate — before any PSA is signed. The ten-day cooling-off period survives in committee markup.
Probate timelines, heir coordination, and out-of-state complications make inherited-home sales a different product problem from the primary-residence use case. Here's the field guide we wish the category had produced first.