Miami stands as one of the most dynamic and valuable real estate markets in the United States. While not yet reaching the trillion-dollar mark, Miami‘s total real estate value, including both residential and commercial properties, was estimated at approximately $650 billion as of 2023, according to

Homeowners insurance costs are higher now than they have typically been, which has the potential to hit those living on a fixed income particularly hard. This could be one reason why a local NBC-TV affiliate in New Orleans is reporting that more of the community’s seniors are turning to reverse mort

Publicly traded real estate software firm reAlpha Tech Corp. added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday.reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices, even in places you might not expect. This is according to an article published by the F

Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed. While the Fed can be old and slow, the bond

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts”  policy. After today’s jobs report and th

Compass’s loss is Coldwell Banker Realty’s gain.The Boston-based Bell Petrini Group has affiliated with Coldwell Banker’s Back Bay office. The group is led by Katherine Bell and Maddy Petrini, who are bringing three team members with them. The group was previously affiliated with Compass.The Bell Pe

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market.Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan

Millennials and members of Generation Z now make up the majority of military veteran and active-duty homebuyers, but not all cities offer good situations for them.To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey.This is the seventh edition of the priv

Aging in place continues to be the preference for the vast majority of older Americans. But the financial and emotional ramifications of staying in one’s current home, rather than moving to a nursing home or assisted-living facility, can be a heavy burden.The Wall Street Journal highlighted aging-in

Less than a week after Move filed an amended motion for a preliminary injunction in its ongoing lawsuit against CoStar, the commercial listing giant has shot back.In a brief filed on Wednesday, CoStar claims Move is seeking the injunction because Move’s Realtor.com is losing market share to CoStar’s

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to industry experts.Home Equity Conversion Mortgage (HECM) endors

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes.As a result of the sett

August’s gain of just 142,000 total nonfarm payroll jobs confirms that the job market is cooling, which all in all is good news for the Federal Reserve, which meets in a little under two weeks to discuss interest rates. But is it enough to justify a half-point cut?Data from the U.S. Bureau of Labor

Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%.That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them bac

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets.Buyers using FHA loans often face stigmas and cannot use many of the competitive strategie

Dan Snyder rarely steps into the spotlight, but his name, strategic moves and execution are talked about frequently in mortgage banking circles. This changes on Oct. 1, 2024, when Snyder, the CEO of Lower, steps on to the main stage at the George W. Bush Presidential Library in Dallas for the Housin

A government-led effort to change the venue in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire’s Reverse Mortgage Daily (RMD).In June, atto

The No. 1 brokerage in the country by transaction sides just got bigger. On Thursday, eXp Realty announced that Brandon Brittingham and his top-producing Maryland-based mega team are making the jump to eXp.Brittingham and his 30-person team, The Maryland & Delaware Group, had previously been brokere