Featured Real Estate News
PennyMac Debuts Non-QM Product Suite
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
Mortgage application activity was on the rise thanks mainly to an upswing in refinance inquiries fueled by declining mortgage rates, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 16. The Market Composite Index, the MBA’s...
San Francisco Centre, a Once-Mighty 1.5 Million-Square-Foot Mall, to Permanently Close
The beleaguered San Francisco Centre, a once-grand shopping center that hosted 200 retail stores prior to the pandemic, is permanently closing on Jan. 26. The San Francisco Chronicle reports an employee at Ecco’s, the mall’s last remaining tenant, confirmed the...
New York State Home Sales Up 2.5%
New York State closed 2025 with 9,649 home sales in December, a 2.5% increase from 9,416 homes sold one year earlier. According to the New York State Association of Realtors, pending sales were up 2.1% from 6,214 homes under contract one year ago to 9,649 in December....
News & Current Events
New Hampshire Bill Would Enable Property Tax Cap Votes Every 2 Years
New Hampshire’s property taxes are among the nation’s highest. Continue Reading New Hampshire Bill Would Enable Property Tax Cap Votes Every 2 Years
Women’s Fashion Retailer Francesca’s to Close All Stores
The chain has more than 450 stores in 45 states, with 3,400 employed as associates. Continue Reading Women’s Fashion Retailer Francesca’s to Close All Stores
UK Approves China’s Mega-Embassy in London
China purchased the building – the former site for the Royal Mint – in 2018 for $312 million. Continue Reading UK Approves China’s Mega-Embassy in London
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Connecticut Cities Increase Fines Against Landlords with Blighted Properties
New Haven and Waterbury are fighting blight in their neighborhoods. Continue Reading Connecticut Cities Increase Fines Against Landlords with Blighted Properties
Essay Contest Offers Unique Grand Prize: A Luxury Home in Virginia
Submissions are due by Sept. 29 and must be accompanied by a $200 entry fee. Continue Reading Essay Contest Offers Unique Grand Prize: A Luxury Home in Virginia
Canadian Home Sales and Prices Up During July
The non-seasonally adjusted national average home price was $672,784 in July Continue Reading Canadian Home Sales and Prices Up During July
Opendoor Technologies Seeks New Leader After CEO Steps Down
Shrisha Radhakrishna, Opendoor’s chief technology and product officer, was named president and interim CEO. Continue Reading Opendoor Technologies Seeks New Leader After CEO Steps Down
Rocket Companies Taps Viral Nation for Social Media Marketing
The new contract follows the success of Rocket’s “Own the Dream” campaign that debuted earlier this year as an advertisement seen during the Super Bowl. Continue Reading Rocket Companies Taps Viral Nation for Social Media Marketing
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
West purchased the property in 2021 for $57 million but left unfinished after a highly publicized but ill-fated renovation project. Continue Reading Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Treasury Secretary Bessent Backpedals on Demand for Fed to Cut Rates by 50 Basis Points
“I didn’t tell the Fed what to do,” Bessent said. Continue Reading Treasury Secretary Bessent Backpedals on Demand for Fed to Cut Rates by 50 Basis Points
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year