Over the next two decades, roughly $124 trillion will move from baby boomers to younger generations, according to Cerulli Associates. For many millennials — amid climate anxiety and financial uncertainty — that inheritance is prompting a new question; what should ownership mean? In Norwalk, Conn., Austin and Allison McChord are testing an answer. “The first […]
Younger homeowners seek to redefine property ownership Read More »
Credit bureau TransUnion is pushing back against the idea of replacing the current tri-merge mortgage credit model with a single credit pull, arguing that the shift would increase systemic risk and restrict access to credit. The conclusion comes from a TransUnion study released during the Mortgage Bankers Association (MBA)’s Annual Convention and Expo, as the
TransUnion pushes back on single-pull mortgage credit proposal Read More »
Looking to launch a real estate career in 2025? We’ve pinpointed the best online real estate schools in California for every budget, weekly schedule and timeline — with podcast-style audio lessons, mobile phone apps, and courses for every learning style. California requires 135 hours of prelicensing coursework before you can take the California real estate licensing exam.
6 best online real estate schools in California for 2025 Read More »
As tensions between CoStar Group and Zillow continue to heat up, Zillow has claimed that CoStar did not renew its Matterport API agreement. CoStar closed its $1.6 billion acquisition of Matterport in March, meaning that it would be up to CoStar to decide if it wanted to renew the API agreement with Zillow. Matterport and
Zillow removes Matterport tours amid CoStar API dispute Read More »
Compass’s market share in South Florida is growing. On Monday, Galleria International Realty announced that it is joining Compass. According to Compass, the Fort Lauderdale-based firm’s team has over 100 years of combined experience and has recorded over $2 billion in combined career sales. “Bringing Galleria International Realty into the Compass network represents an important
South Florida boutique brokerage Galleria International Realty joins Compass Read More »
Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited
Former economic leaders Cohn and Summers warn on U.S. fiscal path Read More »
Mortgage rates ended last week at the lowest levels in just over a month. It was the 3rd best day in over a year and the 24th best day in over 3 years. The other 23 days weren’t too much lower either. The only difference today is a microscopic improvement that makes it the 2nd
Another Boring Day With Mortgage Rates Near 3-Year Lows Read More »
Lenders can expect to see a concrete milestone reached in credit scoring changes by early next year, a Mortgage Bankers Association official said at the 2025 MBA Annual conference in Las Vegas on Monday. Sasha Hewlett, associate vice president of secondary and capital markets at the MBA, said regulators are currently weighing credit score change
Credit score update coming early 2026, MBA says Read More »
New York Court of Appeals judges’ responses to recent arguments in a closely-watched Foreclosure Abuse Prevention Act case suggest they could take a narrower view of the law’s retroactivity but are less open to broad constitutional challenges to it. Recent questions from the New York judges focused more on case details than the constitutional issues,
Judges’ questions may hint at limits to FAPA’s retroactivity Read More »
The typical down payment made by home purchasers during the third quarter increased by $500 over the previous fiscal period, with the average share remaining near 14.4% of the price, Realtor.com said. Compared to last year’s third quarter, the dollar amount of $30,400 was down by $100. While it is normal for the down payment
Down payment percentages stay elevated due to higher prices Read More »