Investor Home Purchases Plummet Amidst Declining Housing Market Dynamics
Investor home purchases have plummeted to pre-pandemic lows amid rising prices, mortgage rates, and fewer attractive flipping opportunities.
SUCCESS Real Estate Closes Abruptly Amid Allegations of Misappropriated Escrow Funds
SUCCESS Real Estate abruptly closed its Greater Boston offices, with potential ties to escrow fund misappropriation, leaving agents and clients in turmoil.
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.
HUD Allocates $72.6 Million to Empower Tribal Nations and Enhance Community Development
HUD has allocated $72.6 million to support housing and infrastructure development in 38 Native American communities, empowering Tribal Nations to improve their resources.
Dava Davin: Empowering Real Estate Agents Through an Athlete’s Mindset
Dava Davin, CEO of Portside Real Estate, champions an athlete’s mindset in real estate, focusing on agent support, integrity, and ambitious growth plans for 2025.
Silver tsunami of housing inventory unlikely to ease housing crisis
A Zillow analysis reveals that the anticipated “silver tsunami” of senior housing inventory won’t alleviate the U.S. housing crisis, as homes aren’t in high-demand areas.
Century 21 Strengthens Presence in Massachusetts with Monarch Realty Group Acquisition
Century 21 Custom Home Realty’s acquisition of Monarch Realty Group expands its Massachusetts presence to 60 agents and enhances client services with advanced tools.
Tim Nelson’s Journey from Reverse Mortgage Expert to HECM Client and Advocate
Tim Nelson, a reverse mortgage expert, discusses his personal experience with a HECM, highlighting its role in retirement planning and financial security for future care needs.
Mortgage Rates Decline as Jobs Data Shows Resilience in Labor Market
Mortgage rates fell this week following strong job growth data, indicating a resilient labor market, while wage growth continues to exceed the Fed’s preferences.
Masiello Case Sees Realty ONE Group Request Dismissal After Settlement Approval
The Masiello lawsuit plaintiff and Realty ONE Group seek to dismiss the brokerage from the case, citing a settlement from the Gibson case as grounds for removal.
New York City Council Approves Landmark Initiative to Address Housing Crisis
The NYC Council narrowly approved Mayor Adams’ “City of Yes” initiative, aiming to build 82,000 homes over 15 years to address a severe housing crisis.
Community Unity Shines Through Leigh Brown’s Hurricane Helene Relief Efforts
Realtor Leigh Brown transformed her community’s response to Hurricane Helene into a nonprofit relief organization, mobilizing significant aid for victims in North Carolina.
FHA Extends Foreclosure Moratorium and Launches New Housing Initiative with FEMA
The FHA has extended the foreclosure moratorium for hurricane victims and launched a new partnership with FEMA to enhance disaster housing preparedness and recovery.