As Opendoor looks forward on its path to profitability, the iBuyer is looking to leverage agent relationships to expand its business. A day after discussing this strategic shift during the firm’s second-quarter 2025 earnings call with investors and analysts, Opendoor has announced a partnership with the Jason Mitchell Group (JMG) a powerhouse real estate referral […]
Opendoor teams up with Jason Mitchell Group Read More »
The Banner Team — one of the highest-performing real estate groups in the Washington, D.C., metro area — has joined Compass. Led by principal agent Wendy Banner, the 13-agent team brings more than 100 years of combined experience and $2.03 billion in career sales to Compass. The group most recently held the top spot at
Top-producing Banner Team joins Compass, expanding DC-area presence Read More »
Showcase Real Estate — a Yuba City, California-based brokerage — has joined The Real Brokerage under its private-label program. Led by broker-owner Donna Phelan, Showcase Real Estate brings 45 agents to Real, expanding the firm’s presence across a seven-county region in Northern California. Since 2018, Showcase has closed more than 2,170 transactions totaling $826 million
Real Brokerage adds California firm via private-label program Read More »
The U.S. Department of Housing and Urban Development (HUD) is cleaning up its books and auctioning off roughly $444 million in reverse mortgages on Wednesday to reduce the risk to its Mutual Mortgage Insurance (MMI) Fund. The sale includes about 1,600 Home Equity Conversion Mortgages (HECMs) tied to vacant single-family homes where the borrowers are
HUD is auctioning off 1,600 HECMs — with more to come Read More »
Americans are still drawn to major cities — despite rising living costs and urban congestion. U.S. News & World Report’s 2025 migration trends report shows the popularity of migration pathways such as New York City to Los Angeles, San Francisco to Austin, Texas, and Charlotte to Chicago — highlighting persistent interest in urban living, despite
Migration 2025: Where Americans are moving to — and why Read More »
Boston-based Hometap announced at the end of July that it has deployed more than $2 billion to 20,000-plus homeowners through its home equity investment (HEI) platform. The milestone comes less than 18 months after Hometap achieved $1 billion in home equity investments — a reflection of rising demand for alternative financing solutions. “This milestone reflects
Hometap says it’s only ‘scratched the surface’ with home equity investments Read More »
Finance of America (FOA) continued its recent streak of growth in the second quarter of 2025, funding $602 million in mortgages and producing $80 million in net income. FOA, one of the nation’s leading reverse mortgage lenders, exceeded the top end of its stated quarterly guidance for investors as the $602 million in volume from
Finance of America reports $80M profit, buys out Blackstone Read More »
There is nothing more excruciating to a title agency owner than the uncertainty engendered by a chaotic and unpredictable economic environment. Welcome to 2025, where continued economic volatility and the prospect of a recession continue to exert their impact on real estate markets. On the upside, employment numbers have remained steady, and housing inventory has
The San Francisco Association of Realtors (SFAR) has partnered with Collov AI to provide its more than 4,000 members access to artificial intelligence-powered virtual staging tools. Beginning this week, the tools will be available directly through SFAR’s multiple listing service platform. The technology allows real estate agents to transform empty rooms into photorealistic, professionally designed
San Francisco Realtors add virtual staging tools Read More »
Mortgage applications don’t always fail with a formal rejection — many simply stall. A report released last month by Cotality found that homebuyer hesitation often predicts loan fallout, even without an official withdrawal. As a result, the property analytics firm found that 16% of buyers “ghosted” their mortgage applications last year — a trend attributed
Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit Read More »