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New Forecast Predicts 14% Spike in Existing Home Sales During 2026
“As we go into next year, the mortgage rate will be a little bit better,” said Chief Economist Lawrence Yun. Continue Reading New Forecast Predicts 14% Spike in Existing Home Sales During 2026
New Forecast Predicts 14% Spike in Existing Home Sales During 2026
“As we go into next year, the mortgage rate will be a little bit better,” said Chief Economist Lawrence Yun. Continue Reading New Forecast Predicts 14% Spike in Existing Home Sales During 2026
Fed’s Bowman Open to Supporting July Rate Cut
Federal Reserve Vice Chairperson for Supervision Michelle Bowman has become the second leader within the central bank to declare a rate cut could be imminent. Speaking at a banking conference in Prague, Czech Republic, Bowman stated, “If inflation remains near its...
Connecticut Governor Vetoes Affordable Housing Bill
Connecticut Gov. Ned Lamont vetoed a contentious housing bill that would have imposed affordable housing target numbers on the state’s localities. According to combined media outlets, HB 5002 would have required localities to meet a baseline for the number of housing...
Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
Compass Inc. (NYSE: COMP) has filed a lawsuit against Zillow Group (NASDAQ: Z, ZG), accusing the company of trying to maintain a monopoly on digital home listings. The lawsuit is the latest chapter in the feud between the real estate giants over private listings –...
NEWS & CURRENT EVENTS
360training.com Acquires My Mortgage Trainer
360training.com Inc., an online provider of regulatory-approved training and compliance solutions, has acquired My Mortgage Trainer, an NMLS-approved provider of mortgage education and compliance training. The financial terms of the transaction were not disclosed. The...
Hits and Misses for the Real Estate Week of April 7-11
Selling stocks to buy a house, the continued delay on confirming the new CFPB director, and layoffs at Fannie Mae. Continue Reading Hits and Misses for the Real Estate Week of April 7-11
Kansas Real Estate Agent Indicted for Tax Evasion and Wire Fraud
By 2020, Michelle O’Connor owed the IRS nearly $500,000 in taxes, penalties, and interest. Continue Reading Kansas Real Estate Agent Indicted for Tax Evasion and Wire Fraud
Cincinnati Bengals Want $350 Million from Ohio to Renovate Stadium
The NFL’s Cincinnati Bengals and the commissioners of Ohio’s Hamilton County are asking the state government for $350 million for what they describe as an “overhaul of Paycor Stadium.” The Cincinnati Business Courier reports the requested money would cover 42% of an...
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Coleen Bogle Joins The Money Store as Chief Marketing Officer
She previously served as the chief marketing officer at Draper and Kramer Mortgage Corp. Continue Reading Coleen Bogle Joins The Money Store as Chief Marketing Officer
Omni Quality Living Acquires Long-Term Care Property
The financial terms of the transaction were not disclosed. Continue Reading Omni Quality Living Acquires Long-Term Care Property
Hits and Misses for the Real Estate Week of Feb. 5-9
This week’s Hits and Misses include an XXL-large listing price, Janet Yellen’s not-calming words and an unlikely exodus of Gen Zers into California. Continue Reading Hits and Misses for the Real Estate Week of Feb. 5-9
Marcus & Millichap’s IPA Capital Markets Division Expands into Canada
The company recruited Jeff Wagner as senior managing director of capital markets in Toronto. Continue Reading Marcus & Millichap’s IPA Capital Markets Division Expands into Canada
NAR: ‘Cooperative Compensation is Good for Consumers’
NAR Graham Wood said the organization “believes this outcome was unsupported and was largely driven by legally erroneous rulings by the judge.” Continue Reading NAR: ‘Cooperative Compensation is Good for Consumers’
Redfin: Asking Rents Flattened in January
Redfin Chief Economist Daryl Fairweather expected apartment completions to peak this year. Continue Reading Redfin: Asking Rents Flattened in January
Why Are So Many Gen Zers Moving to California?
Nearly 215,000 movers left California in 2022, but the state also recorded a net positive gain of nearly 44,000 Gen Z adults. Continue Reading Why Are So Many Gen Zers Moving to California?
Affordable Homeownership in California Remains at Historic Low
A minimum annual income of $222,800 was needed to make monthly payments of $5,570. Continue Reading Affordable Homeownership in California Remains at Historic Low
Start-up Charity Road Seeks to Create Street Naming Auctions for Nonprofit Fundraising
The first auction in Paris, Texas, is now underway and runs through April 6. Continue Reading Start-up Charity Road Seeks to Create Street Naming Auctions for Nonprofit Fundraising
Mortgage Credit Availability Inched Up in January
“Overall credit availability remained close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up in January
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