Consumers listing a $400,000 property for sale could save up to $10,000 in broker fees by using a “low-fee” brokerage firm, according to a report published Monday by the Consumer Policy Center (CPC). The report, written by CPC fellows Stephen Brobeck and Wendy Glich, examined both flat-fee brokers (who list a property on the MLS […]
Low-fee brokerages could give home sellers considerable savings Read More »
As of April 2025, the typical U.S. homebuyer’s down payment was $62,468, down roughly 1% on a yearly basis and the first annual decline in nearly two years. That’s according to a new report from Redfin that’s based on an analysis of records across 40 of the most populous U.S. metropolitan areas. In percentage terms,
Down payments shrink as homebuyers scoop up FHA, VA loans Read More »
While there’s been no shortage of political and geopolitical headlines over the past 2 business days, there hasn’t been much by way of inspiration for the bond market. Bonds (and, thus, rates) have moved nonetheless. Perhaps it was the lower rates achieved last Thursday that prompted a pullback, or perhaps traders are pricing in some
Mortgage Rates Drift Slightly Higher to Start The Week Read More »
The Redfin investor who sued the real estate brokerage and Rocket Companies for allegedly failing to disclose key information about their merger is seeking a $450,000 award. Jason Morano, the plaintiff, argues in a filing dated June 11 that his “intense litigation efforts” forced Redfin’s and Rocket’s hand in publishing supplemental disclosures that had a
Redfin investor seeks $450k for “benefitting” stockholders Read More »
After stepping down from his recent leadership role at Loandepot, home finance veteran Frank Martell has taken the helm as chief executive of a multifamily technology firm that is currently navigating a difficult period. Smartrent, a provider of technology-powered tools and services for rental communities and other types of multifamily housing, appointed Martell president and
Frank Martell takes new role at beleaguered tech firm Read More »
Teraverde and Stratmor want to make it clear that the proposed merger announced over a year ago between the two was never completed. The misconception, both Teraverde’s Jim Deitch and Stratmor’s Garth Graham said, came about from an artificial intelligence generated answer to a search engine question. The deal was announced last May at the
Teraverde, Stratmor clarify no merger took place Read More »
Selling your house without an agent as a “For Sale by Owner” (FSBO) may be something you’ve considered. But you should know that, in today’s shifting market, more homeowners are deciding that’s just not worth the risk. According to the latest data from the National Association of Realtors (NAR), the number of homeowners selling without
Why Most Sellers Hire Real Estate Agents Today Read More »
As President Donald Trump continues his push for tougher immigration enforcement and higher tariffs, Americans are increasingly split on how it will affect home prices, a survey from real estate firm Redfin found. In the survey, 51% of respondents agreed when asked if they thought that less immigration would lead to fewer construction workers and
Tariffs, immigration fears stoke housing cost debate Read More »
The National Fair Housing Alliance is pushing back against claims by the Trump administration that it’s behind most of the nation’s housing complaints, defending its role as budget negotiations threaten its funding. In a letter to Housing and Urban Development Secretary Scott Turner, the NFHA argued that the administration was using “erroneous information” to justify
NFHA: HUD using flawed data to justify funding cuts Read More »
The Trump administration is moving swiftly to roll back Biden-era redlining enforcement. Federal courts in recent weeks have terminated five consent orders with mortgage lenders, which stemmed from redlining probes by the prior administration. The Department of Justice claimed those companies satisfied the terms of their settlements months and years before their expiration, freeing them
DOJ quietly axes more redlining settlements with lenders Read More »