Sales of previously owned US homes fell in January by the most in nearly four years, a month marked by a massive winter storm. Processing Content Contract closings decreased 8.4%, the biggest drop since February 2022, to a 3.91 million annualized pace in January, according to National Association of Realtors data released Thursday. That trailed […]
Home resales fall most in four years despite lower rates Read More »
The housing market continues to favor buyers, forcing prices to slide and affordability to improve, according to a new report from Redfin. Processing Content Americans needed to earn $111,252 per year to afford the average home for sale in December, down 4% from $115,870 a year ago and 8.8% from a peak of $122,000 in
Income needed to buy a home falls 4% Read More »
President Donald Trump wants to ban big investors from buying more houses. Some local governments are already on the case – and Atlanta is ground zero. Processing Content The Atlanta area has the highest share of corporate-owned single-family rentals in the US, and that’s spooked many locals. Residents fume about the impact on prices. Politicians
Trump plan to improve home affordability faces test in Atlanta Read More »
A Maryland-based title and settlement services company has settled claims that it paid fees to real estate agents and brokers in exchange for customer referrals through joint venture arrangements. Processing Content KVS Title created multiple joint venture companies with real estate agents and brokers, including Alliance Title Services, Clear Title Solutions, Eversure Title, Realty Settlement
Title company settles RESPA JV referral claims for $1M Read More »
As the House prepares to vote next week on the Housing for the 21st Century Act, mortgage industry groups are lining up in support of a bill that bundles a wide range of changes to housing finance, federal oversight and development policy. Processing Content The Mortgage Bankers Association on Friday urged lawmakers to pass the
MBA, lenders rally behind Housing for 21st Century Act Read More »
Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage. Processing Content US District Judge Jeannette Vargas on Friday denied a request by Compass for
Compass loses bid to temporarily block Zillow listing rules Read More »
Mortgage rates rose again in the first full week following the Federal Open Market Committee’s decision not to reduce rates during its January meeting. Processing Content Following the meeting, Pres. Trump nominated Kevin Warsh, a former Fed governor, to replace Jerome Powell as chairman. Warsh is seen by the markets as someone who is more
Mortgage rates nudge higher as markets stay jittery Read More »
Once again Rocket Mortgage will advertise in the Super Bowl, this time featuring Lady Gaga singing a song meant to tug at the heartstrings. Processing Content The megastar will sing “Won’t You be my Neighbor,” the theme song from Mr. Rogers Neighborhood. The company wants to build upon the emotional foundation created with its commercial
Lady Gaga featured in Rocket, Redfin Super Bowl ad Read More »
The battle over Costar Group’s high-risk, money-losing Homes.com venture escalated as activist investor D.E. Shaw publicly criticized the company’s board for its handling of the $3 billion investment. Processing Content The latest letter was signed by managing directors Edwin Jager and Michael O’Mary, and came out before the market opened on Feb. 4. D.E. Shaw
Costar board blasted for $3B Homes.com loss Read More »
Borrower equity reached a four-year low in the fourth quarter of 2025, while underwater mortgages hit its largest share in nearly three years, according to a new industry report. Processing Content Less than 45% of mortgage residential properties in the United States were considered equity-rich last quarter, meaning that the combined estimated amount of loan
Home equity slips to 4-year low as underwater loans rise Read More »