Texas Housing Market Faces Stagnation Amid Rising Inventory and Price Adjustments
Texas housing market, once booming post-pandemic, is now stagnating as inventory surges lead to declining home prices across major cities like Austin and Dallas.
Greystar Pioneers Modular Housing to Transform U.S. Real Estate Landscape
Greystar unveils its first U.S. modular apartment complex, Ltd. Findlay, aiming to revolutionize housing with faster builds and reduced costs amid a housing crisis.
Broker’s Antitrust Lawsuit Challenges Monopolistic Practices in Real Estate Associations
Texas broker Luz de Amor Eytalis has filed a lawsuit against real estate associations, alleging antitrust violations and seeking damages for monopolistic practices.
Bipartisan Threats Target Trump and Democratic Lawmakers Amid Thanksgiving Holiday
In the days around Thanksgiving, bomb threats and “swatting” incidents targeted nominees and lawmakers from both parties, prompting bipartisan condemnation and FBI involvement.
South Florida Prepares for Challenges of Growing Aging Population
South Florida faces an impending “silver tsunami” of seniors, prompting urgent discussions on housing, healthcare, and community support to accommodate the aging population.
U.S. Judge Approves $700 Million Settlement Transforming Real Estate Commission Structures
A U.S. judge approved nearly $700 million in settlements for the NAR and HomeServices, concluding a major lawsuit over buyer agent commissions and prompting significant industry changes.
Electra America and BH Group Launches Ambitious Cutler Bay Development Project
Electra America and BH Group are set to transform Cutler Bay’s Southland Mall into a vibrant mixed-use development, introducing housing, retail, and more.
Ginnie Mae Achieves Major Portfolio Growth and Delivers Billions to Government Revenue
Ginnie Mae’s FY24 report reveals a $423.4 billion MBS issuance, aiding 1.2 million households and contributing $1.3 billion to government revenue.
Oyssey Launches to Revolutionize Real Estate Insights Beyond Zillow’s Traditional Listings
Oyssey launches as a new real estate platform, offering rich neighborhood insights and personalized buyer-broker agreements to challenge Zillow’s dominance.
Mortgage Rates Likely to Hold Steady Despite Expected Federal Rate Reduction
As the Fed hints at rate cuts, mortgage rates near 7% are expected to remain stable, impacting housing market dynamics despite rising consumer confidence.
New Home Purchase Applications Rise Year-Over-Year Despite October Decline
Mortgage applications for new homes rose 7.2% year-over-year in November but dropped 12% from October, as first-time buyers increasingly favor new construction.
Andrew Bon Salle Joins Mr. Cooper Group Board to Transform Homeownership Experience
Andrew Bon Salle joins Mr. Cooper Group’s board, bringing 30 years of mortgage expertise to support the company’s growth and homeownership initiatives.
New Jersey and Florida Lead Luxury Vacation Home Market Surge
Pacaso’s report highlights New Jersey and Florida as top luxury vacation home markets, driven by rising second-home investments and favorable market conditions.
Department of Justice Investigates Alexander Brothers Amid Serious Criminal Allegations
The DOJ is investigating luxury real estate brokers Oren and Tal Alexander for sex trafficking, impacting their former firm Douglas Elliman amid serious allegations.
Trump Faces Difficulties in Finding Candidates for Regulatory Leadership Positions
Trump’s transition team struggles to find candidates for regulatory roles like the CFPB director amid fears of budget cuts and political tensions.
Title Resources Group Cuts Jobs After Acquiring Doma to Streamline Operations
Title Resources Group has laid off at least 20 employees post-acquisition of Doma, cutting independent agents by 40% to streamline operations amid financial struggles.
Lutz Homebuyer Commission Lawsuit Grows with 31 New Plaintiffs Joining Case
The Lutz homebuyer commission lawsuit expands with 31 new plaintiffs alleging inflated fees due to the now-defunct NAR Participation Rule, despite recent changes.