Trump’s HUD pick will aim to ‘maximize’ HUD budget if confirmed

Many housing insiders often characterize the topic of housing as a bipartisan one that is somewhat insulated from the acrimony of more divisive issues during a historically polarized political era. This was mostly on display during the Senate confirmation hearing for Scott Turner to be the next secr
Read MoreCoreLogic puts property damage from two fires at up to $45B

CoreLogic today announced preliminary residential and commercial loss estimates for the Eaton and Palisades Fires in Los Angeles, California totaling between $35 to $45 billion. As of today, both fires are less than 50% contained. CoreLogic says it will provide final insured loss estimates once the
Read MoreThe Southern housing markets poised to become boomtowns
Southern housing markets have dominated growth lists over the last few years, and a report by CoreLogic today shows Southern markets are still hot. Using growth indicators that measure upcoming construction and development, southern metros take eight spots in the top 10 list. The top three metros ar
Read MoreNAR again looks to have Michigan antitrust suit dismissed

The National Association of Realtors (NAR) and several other defendants are making another attempt at having the Hardy antitrust lawsuit dismissed.The defendants — which also include the Michigan Association of Realtors, The Grosse Pointe Board of Realtors, Greater Metropolitan Association of Realto
Read MoreMortgage rates fall after remarks by Fed President Waller
The 10-year yield and mortgage rates have been on a wild ride lately, even testing my top-end forecast at 7.25%, but today, the 10-year yield fell after remarks by Fed President Chris Waller about whether the Fed would do even more rate cuts than the market was anticipating. His statement on this, i
Read MoreNAR names Jarrod Grasso to new industry relations post

The National Association of Realtors (NAR) announced Wednesday that it has appointed Jarrod Grasso as its senior vice president of industry relations, a new position created to engage with state and local Realtor associations, in addition to individual Realtors. NAR’s reputation has been under attac
Read MoreAlexander brothers denied bail on federal sex trafficking charges

Tal and Oren Alexander are staying in jail.Along with Oren’s twin brother Alon, the two former luxury real estate brokers were denied bond Wednesday on the federal sex trafficking case against them. The three brothers allegedly engaged in a scheme to systematically drug and rape dozens of women dati
Read MoreMutual of Omaha denies Longbridge allegations, files counterclaim

Mutual of Omaha Mortgage, which rose to the No. 1 position on the reverse mortgage industry leaderboard for Home Equity Conversion Mortgage (HECM) endorsements in 2024, has responded to a September legal complaint by competitor Longbridge Financial. Mutual is denying allegations that it misled poten
Read MoreHoward Hanna closes third acquisition in three months

It may be a new year, but Howard Hanna Real Estate Services is picking up right where it left off. On Wednesday, the family-owned brokerage announced its acquisition of Ohio-based Home Experts Realty.Founded in 2011, Home Experts Realty has grown to nearly 400 agents. The financial terms of the deal
Read MoreYounger generations are more likely to pursue home renovations this year

As high home prices continue to impact the market, many homeowners are deciding to stay put in their homes. But most still have plans to purse home renovations — and younger generations are leading this new focus on home improvement.Emmy Award-winning home improvement platform This Old House conduct
Read MoreAARP study highlights how tech can help with aging in place

Technology has a lot of potential to assist older people with the goal of aging in place. A new study from AARP and the Consumer Technology Association (CTA) aims to make the case by arguing that tech can empower independence.Combining the work of a quantitative study from CTA and qualitative resear
Read MoreFirst American’s Xander Snyder on LA housing supply after the fires

What will happen to housing supply in the wake of the fires still burning in the LA area? Firefighters continue to battle the blazes that have already burned some 40,000 acres and killed at least 25 people, as of Wednesday. There are about 82,400 people in Los Angeles County that are still under eva
Read MoreHUD voucher recipient in Indiana will lose benefits after disclosing marijuana use

An Elkhart, Indiana, resident who is a beneficiary of U.S. Department of Housing and Urban Development (HUD) assistance is poised to lose his benefits on Jan. 31 after disclosing on a form that he had ingested marijuana a single time, according to local reporting by a South Bend-based NBC affiliate.
Read MoreFTC seeks feedback on the largest single-family rental investors

The Federal Trade Commission (FTC) on Wednesday issued a request for public comment about the largest owners and operators of single-family rental (SFR) homes. The FTC said it is seeking to understand more about how these “mega investors” have impacted home prices and rents across the country.In a 5
Read MoreRE/MAX hires Chris Lim as EVP and chief growth officer

RE/MAX on Wednesday announced that it has hired Chris Lim as executive vice president and chief growth officer. Lim, who has 22 years of leadership experience in the real estate industry, will officially step into his new role on Feb. 3.Lim will focus on fostering franchise growth in key U.S. region
Read MoreLA mayor issues order to expedite home construction amid wildfires

Los Angeles Mayor Karen Bass issued an executive order late on Monday that aims to speed up the rebuilding process in areas destroyed by the wildfires that have burned thousands of homes in Southern California.The order directs city agencies to expedite the building permitting process in affected ar
Read MoreConforming mortgage share hit record low in December

At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December.Optimal Blue’s December 2024 Market Advantage report
Read MoreThe Supreme Court is out, so what’s next for NAR?

When the Supreme Court on Monday denied the National Association of Realtors’ (NAR) petition to hear its appeal of a lower court’s ruling that allowed the Department of Justice (DOJ) to reopen its long-running investigation, the trade group officially ran out of court options. But while it may seem
Read MoreNew FHFA final rule seeks to expand liquidity for FHLBank system

The Federal Housing Finance Agency (FHFA) on Tuesday announced the publication of a new, final rule in the Federal Register seeking to expand liquidity for the Federal Home Loan Bank (FHLBank) system, which would be accomplished by adjusting the treatment of some short-term FHLBank investments.The r
Read MoreCyberbacker CEO arrested for giving marijuana to 8-year-old son

Move over, Hunter S. Thompson, and make way for Cyberbacker CEO Craig Goodliffe.According to a Fox News affiliate in Salt Lake City, Goodliffe was arrested in Ogden, Utah, last week for allegedly giving his 8-year-old son marijuana candy. This led to charges of child endangerment, purchase of a fire
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