A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months.The national real estate brokerage r

Coldwell Banker Realty, a New England-based residential real estate brokerage, welcomed The DelRose McShane Team, the brokerage announced on Wednesday. Led by Mike DelRose Sr., Mike DelRose Jr. and Bobby McShane, The DelRose McShane Team boasts eight agents. They formerly operated the RE/MAX Revolut

The Consumer Financial Protection Bureau (CFPB) on Thursday issued a new request for information (RFI) from the public concerning “fees charged by providers of mortgages and related settlement services,” according to the RFI document reviewed by HousingWire.Part of a broader attack on what both the

The National Oceanic and Atmospheric Administration projects an 85% probability of an above-average hurricane season in 2024, with damage likely to eclipse the relatively mild 2023 that saw only one hurricane of note — Idalia — make landfall in the U.S. and cause over $2 billion worth of insured dam

Fathom Holdings, the parent company of cloud-based real estate brokerage Fathom Realty, appointed Jon Gwin as chief operating officer. He replaces Samantha Giuggio, who held the role since January 2022.Gwin brings a wealth of experience to the role, having previously held executive positions at Amer

EXIT Realty Corp. International and Earnnest, a digital app that handles earnest money collections, announced a partnership on Tuesday that is designed to create more seamless and secure real estate transactions.The Earnnest platform offers a user-friendly and fully digital fund transfer process for

Vetted by HousingWire  |  Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Want to learn how to become a real estate agent in California? Getting your real estate license in California can take as little as eight weeks. The total es

Ocwen Financial Corp, the parent company of PHH Mortgage Corp. and its reverse mortgage subsidiary Liberty Reverse Mortgage, announced on Tuesday that its shareholders have approved the company’s planned rebranding initiative to Onity Group.The initial phase of the rebranding will first go into effe

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Women of Influence award are open now through May 31st, 2024. Click here to nominate someone.For the past 15 years, the

Despite the potential for savings, more than half of all U.S. homebuyers (54%) who took out a mortgage for their most recent home purchase received only one loan offer. This indicates that a sizable portion of borrowers do not shop around for the best mortgage deal, according to new survey results f

The parent company of residential real estate brokerage eXp Realty and its chairman, Glenn Sanford, were dismissed from a former agent’s lawsuit that claimed they benefited financially from her alleged sexual assault by two former eXp star agents and recruiters.Anya Roberts filed a lawsuit in Decemb

The Federal Deposit Insurance Corp. (FDIC) this month announced a settlement with Arkansas-based Bank of England over alleged violations of the Federal Trade Commission Act, the Real Estate Settlement Procedures Act (RESPA), the Fair Credit Reporting Act (FCRA) and the Home Mortgage Disclosure Act (

It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There ar

Mortgage rates kept sliding toward 7% as HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.25% on Tuesday, below the rate of 7.34% one week ago. At the same time one year ago, the average 30-year conforming rate was 6.8%. Meanwhile, the 15-year confo

The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Also, for the third time this year, I have

Prospecting is the lifeblood of your business. Without a strong real estate prospecting strategy in place, you’re missing out on future business. You can be the best agent in the world, but it doesn’t matter if you don’t have enough clients. The most important activity you can focus on is your real

A group of Republicans in the U.S. Congress sent a letter to the Federal Housing Finance Agency (FHFA) that opposes a plan for the government-sponsored enterprise (GSE) Freddie Mac to purchase and guarantee single-family, closed-end second mortgages. The document sent on Friday states that, if imple

Just about a year ago, Chicago-based multichannel mortgage lender Guaranteed Rate announced its plans to expand its reverse mortgage division — including around the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) product.Roughly five months after that announcement, the company named Ryan O