Anywhere Reaches Tentative Settlement in Lengthy TCPA Class Action Lawsuit
After over five years of litigation, Anywhere has reached a tentative settlement in a TCPA lawsuit over unsolicited calls, avoiding potential liabilities of $220 million.
Ginnie Mae Launches HMBS 2.0 to Strengthen Reverse Mortgage Market Liquidity
Ginnie Mae’s fiscal year 2024 report highlights its launch of HMBS 2.0 to boost liquidity in the reverse mortgage market and enhance support for older Americans.
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.
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.
Luxury Real Estate Pivots to Padel as Exclusive Amenity in New York
Sotheby’s brokers gather at a unique private padel court at 111 West 57th, showcasing the sport’s appeal alongside luxury real estate amid an exclusive event.
Generation X: The Overlooked Powerhouse Reshaping Today’s Real Estate Market
Generation X, a significant but often overlooked force in real estate, navigates financial hurdles while reshaping housing preferences amid family pressures.
Reffkin’s Interpretation Sparks Debate Over Real Estate Listing Practices
A recent study reveals a disconnect in real estate interpretations, with many sellers initially favoring off-MLS listings but shifting to MLS after learning of lower sale prices.
DOJ’s Statement Casts Uncertainty on Future of Buyer-Agent Agreements
The DOJ’s recent concerns over mandatory buyer-agent agreements in the NAR settlement create uncertainty and potential legal risks for real estate agents.