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News
Home sales are positive but higher rates slowing demand
5+ hour, 46+ min ago (750+ words) Mortgage spreads improved to 1.94%, helping keep mortgage rates below 7% even as the 10-year yield moved above forecast ranges. Demand indicators stayed slightly positive year over year, but pending sales growth cooled and purchase app growth slowed to 0.2%. AI Summary Mortgage…...
Fair housing and housing discrimination: Why every housing leader should care
1+ week, 1+ day ago (852+ words) Bailey explains how local agencies help both educate housing providers and keep them compliant with the Fair Housing Act and why preserving these organizations benefits the entire industry, not just consumers. The conversation explores practical steps housing professionals can take…...
Coldwell Banker Warburg folds into Compass in New York
1+ day, 4+ hour ago (210+ words) Coldwell Banker Warburg is being folded into Compass and will operate as Warburg at Compass, according to a company spokesperson. Compass has not provided a timeline for the transition. AI Summary Coldwell Banker Warburg is folding into Compass. Both Compass…...
Don’t fall for a fake foreclosure crisis
1+ day, 5+ hour ago (449+ words) Foreclosure activity rose 21% year over year, but broader data does not resemble the 2005 to 2008 credit bust. High homeowner equity, low total LTV at 45.1%, and predominately fixed-rate mortgages reduce forced-selling risk. AI Summary This article will show you how to combat…...
Deed theft remains a growing threat for seniors, Black homeowners
1+ day, 6+ hour ago (424+ words) For generations, real estate has been the primary vehicle for building intergenerational wealth in America. But for older adults and Black homeowners, that vehicle has also made them a target, says Scott Kohanowski, general counsel at the Center for NYC…...
Equity Union expands into Nevada, first market outside California
1+ day, 8+ hour ago (395+ words) Equity Union Real Estate has expanded into Nevada, marking its first market outside California. The southern Nevada operation will be led by Jason Lindstrom as regional director, with Melissa Dominguez-Martin serving as managing broker. The company was named the fastest-growing…...
High prices, hesitant demand weigh on June new home sales
1+ day, 9+ hour ago (990+ words) June Census data shows new home sales at a 628,000 annual pace, up 1.6% from May but down 5.6% year over year. The median price fell to $398,300 and the market carried 9.3 months of supply. AI Summary New home sales posted a modest increase…...
Why homebuilders aren't building more homes
1+ day, 9+ hour ago (258+ words) Builders are sustaining new home demand with rate buydowns funded by shrinking profit margins. With mortgage rates rising and completed units for sale no longer increasing, permits remain constrained. AI Summary Today, the new home sales data perfectly explains why…...
Miami Realtors + RWorld expands with new merger
1+ day, 10+ hour ago (370+ words) Miami Realtors + RWorld has merged with Martin County Realtors of the Treasure Coast, expanding the organization to approximately 94,000 members across Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties. The combined association now spans a 120-mile real estate corridor and…...
Why the US Homeownership Rate Looks Higher Than It Is
1+ day, 18+ hour ago (762+ words) Adult children who live at home don’t get added onto their parents’ mortgage or deed. But that’s how they’re often treated when we rely on the most commonly reported measure of homeownership. We’re proposing an alternative that shines a light…...