The global stock selloff that began overnight in Asia rolled through U.S. markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively.While technology-sector darlings such as Nvidia and Apple got thumped the hardest, the real estate industry also took its

More than 10,000 plaintiffs — including homeowners, businesses and other individuals — will receive a collective $4 billion settlement following a devastating wildfire on the Hawaiian island of Maui that killed 102 people and destroyed the historic city of Lahaina.The settlement was reached by the p

In less than two weeks, offers of compensation for buyers’ brokers will no longer be permitted on any MLS in the U.S, per the terms of the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement. While brokers across the country agree that they and their agents wil

Real estate technology firm Rechat announced a strategic partnership on Monday with Peerage Realty Partners that aims to expand tech tool and service offerings for Peerage agents and brokers.Peerage is a top-10 residential real estate services firm that operates across North America and is closely c

Rising home prices managed to outpace an all-time high of $13.8 trillion in mortgage debt, pushing mortgage holder equity to a new high of $17.6 trillion in the second quarter of 2024. On top of that, tappable home equity reached a new high of $11.5 trillion, a 4% gain compared to the first quarter

Fears of a recession in the U.S. sent shockwaves through financial markets around the world on Monday. The Dow-Jones dropped 1,000 points by 10:30 a.m. Eastern time, the NASDAQ lost up to 6% of its value and Japanese stocks suffered their biggest crash since 1987, with the Nikkei 225 stock index dro

The acceleration of climate change has fueled more frequent and more severe natural disasters, but that isn’t keeping people away from high-risk parts of the country.A new report from Redfin shows that migration patterns in 2023 weren’t interrupted by the realities of climate change as moving trends

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but

The Federal Reserve won’t pivot on rates until the labor market breaks and it will keep financial conditions as tight as possible until that happens — this has been my theme since 2022. Friday’s jobs report had one number which got people talking about a possible recession: the 4.3% unemployment rat

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% ra

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% ra

Auction.com, the nation’s largest online platform for distressed real estate sales, recently reported that demand for homes sold at auction began to decline late in the second quarter of 2024 even as the available supply of foreclosed homes also contracted.Proprietary data from the California-based

For real estate professionals, the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement —which are set to go into effect on Aug. 17 — are top of mind. But when it comes to the financial performance of their brokerages, i

HighTechLending, a California-based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.To get a bett

Older Americans are increasingly being caught up in elaborate scams designed by perpetrators to drain them of their retirement savings, with the detail and scale of such scams sometimes requiring the intervention of federal law enforcement. This is according to an investigative report published this

The typical U.S. home seller pays a 2.55% commission to the real estate agent hired by their buyer, down from an average of 2.62% in January, according to a Redfin analysis of MLS data. In other words, the March 2024 settlement between the National Association of Realtors (NAR) and plaintiffs in the

The Federal Housing Administration (FHA) announced on Friday that it has published a final rule in the Federal Register opening up communications between mortgage lenders and defaulted borrowers to remote and electronic methods. This is designed to broaden the ways for borrowers to meet with lenders

A new sponsored episode of the HousingWire Daily podcast — hosted live from the 2024 HousingWire AI Summit — features Editor in Chief Sarah Wheeler in conversation with CoreLogic data experts Amy Gromowski and Anand Singh.Gromowski, the company’s head of data science, and Singh, the vice president o

Santa Ana, California-based mortgage services and data firm Consolidated Analytics announced on Friday that it has acquired the assets of investor claims and loss-analysis company Investor Claim Solutions (ICS). Consolidated Analytics is a private company and terms were not disclosed. The company st

The supply of new single-family homes is sinking, while accelerated multifamily construction is bringing more rental units online.These two factors have resulted in renter households growing at three times the rate of homeowner households, according to a new report from Redfin that crunched U.S. Cen