Compass is welcoming a new regional vice president for its Louisiana and Mississippi region. David Favret is joining Compass in this role, according to an announcement on Wednesday. Favret most recently served as the managing broker at Rêve Realtors, but has previously served as a broker at Latter & Blum, which was acquired by Compass […]
Compass names new regional vice president for the Gulf Coast Read More »
The National Association of Realtors (NAR) is once again seeking to dismiss allegations brought by former employee Roshani Sheth in her ongoing discrimination lawsuit against the organization. NAR filed another motion to dismiss the suit on Tuesday. This filing deals with Sheth’s second amended complaint, which she filed in early June, after all but her
NAR again seeks dismissal of discrimination and harassment suit Read More »
The housing industry is currently rife with consolidation, but the same wave of mergers and acquisitions has not taken the multiple listing service (MLS) sector by storm. Over the past two decades, the number of MLSs across the country has greatly decreased. As recently as a decade ago, there were more than 900 MLSs. But
‘I want one source’: Consolidation is picking up in the MLS space Read More »
The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives.
Zillow: US housing shortage hit 4.7 million in 2023 Read More »
Private equity firm GTCR announced on Tuesday that it has made a significant investment in national real estate analytics and data solutions company Clear Capital. As part of the investment, GTCR is partnering with Clear Capital co-founder and CEO Duane Andrews. The transaction represents Clear Capital’s first outside investment, with GTCR becoming the company’s majority
GTCR announces investment in Clear Capital Read More »
The Corcoran Group is welcoming one of New York City’s top small real estate teams to the firm. On Wednesday, the brokerage announced that The Kathy Murray Team is making the move to Corcoran. Murray was previously brokered with Douglas Elliman, where she spent the past two decades of her career. “Kathy is a fantastic
Top New York City broker makes the move to Corcoran Read More »
A Mediterranean Shipping Co. container ship under construction at the HD Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on March 30, 2025.SeongJoon Cho/Bloomberg President Donald Trump’s sweeping tariff proposals have been put on hold for another month, giving banks and industries more time to brace for impact while also prolonging the uncertainty that
Trump tariff extension leaves banks, Fed in limbo Read More »
It’s a bit of a stretch to refer to the past week as a “losing streak” for mortgage rates. The worst part about it was the consistency of upward movement starting last Wednesday. In terms of the size of that movement, things have been less traumatic considering the average lender was still at the lowest levels
Mortgage Rate Losing Streak Ends With Moderate Victory Read More »
The Federal Reserve Employment was a focal point for the Federal Reserve’s most recent monetary policy deliberations, with officials expressing various levels of concern about its outlook. Policymakers were united in their view that interest rates should remain unchanged during last month’s Federal Open Market Committee meeting, but divides were apparent on several key considerations
Fed minutes show focus shifting to employment Read More »
The surge in adjustable-rate mortgages this decade led their share of the market to more than triple over four years at the nation’s largest banks, according to a new Federal Reserve report. Conventional ARM originations at the financial institutions overseen by the Fed accounted for 25.1% of their mortgage originations in the first quarter this
ARMs tripled at banks over past decade Read More »