Housing Market Stirs, Bankruptcy and Closures, and More

The housing market is experiencing increased activity, driven by falling mortgage rates. The RoomPlace has filed for bankruptcy, while Ruby-Gordon Home will close. Millennials outnumber baby boomers in owning large homes. Zillow has launched a new home tour app on Apple Vision Pro. The EU plans to ban misleading environmental claims by 2026. The U.S. Consumer Product Safety Commission considered a ban on new gas stoves, with the Energy Department finding that 97% of gas stoves already meet new energy efficiency standards. Ikea has reduced its climate footprint by 22% compared to its 2016 baseline.