Featured Real Estate News
Report: Most Homes Were Unaffordable During Q1
Homes were less affordable than historical averages in 97% of counties with sufficient data to analyze for the first quarter of this year, according to a new data report from ATTOM. The new report found major monthly expenses for median-priced single-family homes and...
Report: Most Homes Were Unaffordable During Q1
California’s Los Angeles County was the least affordable market in ATTOM’s report. Continue Reading Report: Most Homes Were Unaffordable During Q1
Department of Agriculture to Move from Longtime DC HQ
The US Department of Agriculture (USDA) announced it is moving out of its longtime headquarters at the South Building in Washington, DC. “More than 85% of the South Building is unoccupied and there is a $1.6 billion backlog in deferred maintenance,” said Agriculture...
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Salem, Oregon-headquartered Willamette Valley Bank announced it will discontinue it residential mortgage lending business effective March 31. “The residential mortgage industry has undergone significant changes in recent years, including the growth of online and...
Papa Johns to Close 300 Restaurants
The pizza chain Papa John (NASDAQ: PZZA) announced plans to close 300 US eateries by the end of 2027. Restaurant Dive reports the company, which is the fourth largest US pizza chain by sales, plans to shutter most of the targeted eateries this year. The locations...
News & Current Events
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
Elliott pleaded guilty in November in U.S. District Court to two counts of wire fraud. Continue Reading St. Louis Contractor Sentenced to 3 Years for Pandemic Loan Fraud
Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium
“Here in Illinois, we continue to have really positive discussions with the Chicago Bears,” he stated. Continue Reading Illinois Gov. Pritzker: Indiana Faces ‘Massive Increases in Taxes’ with Proposed Bears Stadium
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Exclusive News
National Private Lenders Association Launches Watchlist for Advancing Risk Controls
“The industry asked for a tool that plugs into intake and pre-funding. This is that tool,” said Jonathan Hornik, executive director of the NPLA. Continue Reading National Private Lenders Association Launches Watchlist for Advancing Risk Controls
New Study Tracks 10-Year Decline in Quebec’s Home Affordability Levels
Ten years ago, it took Quebec buyers about three years to save for the down payment, whereas it now takes five years. Continue Reading New Study Tracks 10-Year Decline in Quebec’s Home Affordability Levels
Japan to Create National Database Tracking Foreign Ownership of Real Estate
The new database comes in the wake of growing public concerns over increasing foreign acquisitions of Japanese land and water sources. Continue Reading Japan to Create National Database Tracking Foreign Ownership of Real Estate
Data Analysis Warns of Havoc in DeSantis Plan to End Florida Property Taxes
As of October, Florida home values were down about 3% from the same month in 2022. Continue Reading Data Analysis Warns of Havoc in DeSantis Plan to End Florida Property Taxes
Former Realtors Association Executive Arrested on 45 Embezzlement Counts
Shauna Marie Love was executive officer of California’s Tuolumne County Association of Realtors. Continue Reading Former Realtors Association Executive Arrested on 45 Embezzlement Counts
Iowa Governor Says She’s Considering Property Tax Freeze for Seniors
“We have to see what the numbers look like,” said Gov. Kim Reynolds. Continue Reading Iowa Governor Says She’s Considering Property Tax Freeze for Seniors
Bayview Asset Management Completes $1.3 Billion Acquisition of Guild Holdings
Guild will operate as a privately held independent entity of the MSR Fund, which also owns Lakeview Loan Servicing. Continue Reading Bayview Asset Management Completes $1.3 Billion Acquisition of Guild Holdings
Cash-Strapped Filmmaker Coppola Puts Landmark San Francisco Building Up as Collateral
The Sentinel Building, also known as the Columbus Tower, was completed in 1907. Continue Reading Cash-Strapped Filmmaker Coppola Puts Landmark San Francisco Building Up as Collateral
Trump Says He Made His Pick for Next Fed Chairman
Trump said, “I know who I am going to pick, yeah. We’ll be announcing it.” Continue Reading Trump Says He Made His Pick for Next Fed Chairman