Mortgage rates rose again in the first full week following the Federal Open Market Committee’s decision not to reduce rates during its January meeting. Processing Content Following the meeting, Pres. Trump nominated Kevin Warsh, a former Fed governor, to replace Jerome Powell as chairman. Warsh is seen by the markets as someone who is more […]
Mortgage rates nudge higher as markets stay jittery Read More »
Once again Rocket Mortgage will advertise in the Super Bowl, this time featuring Lady Gaga singing a song meant to tug at the heartstrings. Processing Content The megastar will sing “Won’t You be my Neighbor,” the theme song from Mr. Rogers Neighborhood. The company wants to build upon the emotional foundation created with its commercial
Lady Gaga featured in Rocket, Redfin Super Bowl ad Read More »
The battle over Costar Group’s high-risk, money-losing Homes.com venture escalated as activist investor D.E. Shaw publicly criticized the company’s board for its handling of the $3 billion investment. Processing Content The latest letter was signed by managing directors Edwin Jager and Michael O’Mary, and came out before the market opened on Feb. 4. D.E. Shaw
Costar board blasted for $3B Homes.com loss Read More »
Borrower equity reached a four-year low in the fourth quarter of 2025, while underwater mortgages hit its largest share in nearly three years, according to a new industry report. Processing Content Less than 45% of mortgage residential properties in the United States were considered equity-rich last quarter, meaning that the combined estimated amount of loan
Home equity slips to 4-year low as underwater loans rise Read More »
The abundance of sellers in the housing market has given buyers a major advantage, leading to record discounts, according to a new industry report. Processing Content The average homebuyer who purchased a home below the asking price last year received a 7.9% discount, the largest since 2012, Redfin found by comparing original list prices with
Home discounts hit highest level since 2012, Redfin finds Read More »
While cases exist for homeowners insurance premiums to stabilize or even decline in 2026, in 36 states and the District of Columbia they rose over a two-year period, an Insurance.com report said. Processing Content Ironically, one of the 12 states they were lower (three reported no change between 2023 and 2025) was Florida. But the
Why homeowners insurance rates could stabilize in 2026 Read More »
U.S. home prices are settling into a new divide, with much of the country seeing growth stall in November while a handful of regions continue to push higher, deepening a split that is reshaping the national housing picture. Processing Content Numbers showed “persistent softness,” according to the S&P Cotality Case-Shiller national home price index, with
Home prices flatten as regional splits deepen Read More »
High prices and more options have pushed home-sale cancellations to a record level, new industry data shows. Processing Content Roughly 40,000 home-purchase agreements were canceled in December, according to a report from Redfin. That’s 16.3% of homes that went under contract, up from 14.9% a year earlier and the highest December rate in records dating
Home-sale cancellations hit record as buyers walk away Read More »
A Maine real estate agent is proposing a bill that would give homeowners a state tax deduction on mortgage insurance premiums as well as offer grants to help lower loan payments. Processing Content Introduced by Democratic Rep. Wayne Farrin, who is also a licensed real estate agent, the bill would lead the state to implement
Maine bill targets MIP costs, lower rates for homebuyers Read More »
The ever-growing amount of equity seniors hold in their current homes is likely contributing to another phenomenon, as more owners are passing their property onto their heirs, who are keeping it as a place to live. Processing Content Americans 62 and older as a group now hold $14.66 trillion of total equity as of the
Record senior equity shifts to heirs, not the open market Read More »