New Rochelle embraced the abundance mindset long before the “yes in my backyard ” crowd made it cool. Today, the city, 25 minutes north of New York City by train, is a reference point for how zoning reform and predictable approvals can speed mixed-income housing production citywide. The city built on a 2015 rezoning that […]
New Rochelle housing surge proves predictable zoning’s impact Read More »
For generations, homeownership has been one of the primary ways Americans built wealth and passed it on to loved ones. Now, financial advisers and housing experts warn that many older homeowners may be counting too heavily on their homes as retirement safety nets as they discover their properties sell for less than expected, according to
Retirees counting on home equity may face financial shortfalls Read More »
Less than a month after announcing its pending TopBuild for $17 billion, QXO’s business strategists outlined plans to integrate the company into its platform, drive higher profitability and accelerate organic growth across the combined business. On Monday, QXO released an investor Q&A document that detailed the company’s growth strategy, as the Brad Jacobs-backed firm plans
Inside QXO’s growth plan after $30.2 billion acquisition spree Read More »
Broker Public Portal (BPP) and Realtors Property Resource (RPR) have announced a new collaboration that will integrate RPR’s Realtors Valuation Model into BPP’s Cribio consumer home search experience for participating MLSs and associations. Under the agreement, MLSs and associations partnered with BPP may authorize the display of Realtors Valuation Model values on eligible off-market properties
Broker Public Portal, RPR bring valuation data to Cribio platform Read More »
The affordability crisis in American housing demands more invention, more experimentation and more scalable models to break through the chronic chokeholds of economic, building-technology, and political will. The hard truth is that, against a backdrop of a harsher-than-expected new-home sales season and a higher-for-longer interest-rate environment, the operating environment is making it harder to fund,
Ivory Prize honors solutions in a higher rate, higher risk backdrop Read More »
Branch manager Austin Baker and his Houston-based team, Lasso Lending, have joined Supreme Lending, bringing more than $100 million in annual loan production to Supreme’s platform. The move deepens Supreme Lending’s presence in the Houston metropolitan area, one of the nation’s most active and competitive housing markets, according to the company’s announcement. Baker entered the
Supreme Lending brings on $100M Lasso Lending team Read More »
Two transactions. One structural shift. Compass’s acquisition of Anywhere and Real’s $880 million deal for REMAX are not simply the largest brokerage transactions in recent memory. And, now add to that eXp’s acquisition of NextHome and together, they represent something the residential real estate industry has not seen before: the emergence of vertically integrated platform companies operating at
Brokerage consolidation shifts lead flow and retention models Read More »
The lawsuit that prompted Federal Trade Commission (FTC) Chairman Andrew N. Ferguson to issue a warning letter to Mortgage Connect last week has dealt the company a significant legal blow. As the FTC scrutinizes Mortgage Connect for deploying “unjustifiable noncompetes,” a Pennsylvania judge ruled that the company’s contract was so “sweeping” and “overbroad” that it’s
Mortgage Connect noncompete ruled unenforceable in PA Read More »
When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect improved. The third phase of rate movement began in late April and has
Mortgage Rates Match Highest Level Since March Read More »
Processing Content Key insight: The FHA tightened the screws on its borrowers by requiring a three-month trial payment period that is now fueling a surge in delinquencies. What’s at stake: Thousands of borrowers face massive balloon payments, negative equity and soaring taxes and insurance payments as pandemic-era relief options are exhausted. Supporting data: “We need
End of FHA pandemic relief to kick off wave of foreclosures Read More »