ADUs could remedy America’s housing crisis, but obstacles remain

Industry veteran Bill Dallas, chairman of Dallas Capital and former president of Finance of America, says accessory dwelling units (ADUs) still face major hurdles before they can become a reliable solution to what he calls the nation’s “largest social challenge:” affordable housing. “One of the chal
Read MoreeXp Realty embraces digital twin tech to transform workflows

For eXp Realty, artificial intelligence (AI) is not a side project — it’s a company-wide mandate. Following a session at HousingWire’s AI Summit where eXp chief technology officer Sumanth Kamath talked about how the company was utilizing digital twin technology, HousingWire sat down with eXp CEO Le
Read MoreWFG National Title added to Fannie Mae’s multifamily approval list

WFG National Title Insurance Co. has been added to Fannie Mae’s list of approved title insurers for multifamily transactions. The designation means lenders and borrowers using WFG for Fannie Mae–financed multifamily deals can avoid delays caused by policy exceptions or compliance issues. Fannie Mae
Read MoreERA Real Estate expands in Colorado

LUX Real Estate Company ERA Powered has expanded with the acquisition of Vail Real Estate Center, the firm announced this week. The Cherry Creek North, Colorado-based brokerage — founded and led by Emily Duke — will now have a presence in one of the state’s most competitive resort markets. Founded i
Read MoreAs seniors gain comfort with AI, how should reverse mortgage lenders respond?

The knowledge and use of artificial intelligence (AI) among older generations is often misunderstood and mischaracterized. But seniors are often following the path of the wider population when it comes to incorporating AI into their daily lives. Recent survey data published by the University of Mich
Read MoreSurvey: Where are you in the AI revolution in mortgage operations?

Attention Mortgage Professionals! You’ve been selected to participate in our exclusive survey on AI in mortgage operations. Your insights are crucial! Click Here As noted at the HousingWire AI Summit, exploring AI solutions is essential. We want to know your journey and strategies in this exciting f
Read MoreFormer DOJ official blames lobbyist for weaker antitrust scrutiny

Roger Alford’s time at the Department of Justice (DOJ) may have been brief — much to the relief of the real estate industry — but that doesn’t mean he doesn’t have thoughts on his time there. Alford, a law professor at Notre Dame who served as an expert witness testifying against the real estate in
Read MoreCrossCountry Mortgage settles sexual harassment case in Georgia

CrossCountry Mortgage (CCM), a branch manager in Georgia and a former employee have reached a settlement in a sexual harassment lawsuit, according to court filings. The case began in June 2023 when former processor Christina Nielsen alleged that branch manager Steven Bocca subjected her and other fe
Read MoreExisting home sales surprise with positive growth in July
Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker,
Read MoreSurvey: Job insecurity leading to home purchase delays

More than two in five American workers say concerns about job security are causing them to delay or cancel a major purchase such as a car or home, according to a new Redfin-commissioned survey. The survey found that 44% of employed U.S. residents put off or scrapped such purchases. Another 30% said
Read MoreBill Emerson to retire as president of Rocket Companies

Bill Emerson is retiring as president of Rocket Companies but will remain as a director, the company disclosed in a filing with the Securities and Exchange Commission (SEC). “After more than three decades at Rocket, Bill Emerson will step down as president at the end of the year,” a Rocket spokesper
Read MoreTech startup offering AI-driven property level risk modeling

San Diego-based startup FutureProof is using artificial intelligence (AI) to change the way insurers assess catastrophe risk and set premiums, a shift that could make insurance both more affordable and easier to come by in disaster-prone regions. “FutureProof started with thinking about the build en
Read MoreIn New York, many seniors aren’t getting vital support services

New York is among the states where older residents are not receiving adequate levels of in-home care and other support services, according to a report published by a local news outlet. The report cited data from the Office of the New York State Comptroller, which found that some 16,000 of the state’
Read MoreColdwell Banker’s Jason Waugh on data, skills and seizing market opportunity

On a recent call with HousingWire, Jason Waugh, the president of Coldwell Banker Affiliates, reflected on a milestone at home — his oldest daughter heading off to college. “We’re putting the finishing touches on summer before she leaves,” he says. For Waugh, it was a reminder of transition, which is
Read MoreMortgage brokers say loanDepot is knocking at their door again

loanDepot appears to be building capabilities in the wholesale mortgage space — a channel it formally exited three years ago. Executives and owners at three mortgage brokerage shops told HousingWire they were recently contacted by loanDepot representatives who introduced themselves as account execut
Read MoreFirst American: Existing home sales remain subdued

Nationally, existing home sales remain muted even as housing inventory grows, according to a new First American analysis of the 75 largest U.S. metropolitan areas. Inventory in July was nearly 20% higher than a year ago, yet the flow of new listings rose only 5% compared with 2024. That distinction
Read MoreArkansas, Idaho metros lead the pack for new-home construction

Realtor.com has released a report that ranks the leading U.S. metropolitan areas for new residential construction as the country faces an estimated shortage of 4 million homes. The analysis examined the 100 largest metros based on the new-home share of listings, pricing compared to existing homes, c
Read More8 steps to creating a real estate business plan (+ free template)

After teaching thousands of agents how to build a real estate business plan, I’ve seen one result consistently. The agents who put in the work and plan ahead are the ones who stay in business. Your notebook full of random thoughts jotted down isn’t going to cut it. You have to create a roadmap that
Read MoreHow to guide real estate buyers through mortgage rate changes

Mortgage rates are a crucial factor in any real estate purchase, particularly given the significant rise in rates over the past few years. With the Fed meeting coming up in September, there is anticipation that they will drop, but rates are constantly shifting, presenting some potential difficulties
Read MoreAlanna.ai wants to help title agents with the new FinCEN rules

The title agent-focused artificial Intelligence technology firm Alanna.ai has launched a digital signing capability to help title agents and companies comply with Financial Crimes Enforcement Network’s (FinCEN) new reporting requirements. In an announcement on Friday, the firm stated that it has mad
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