Griffin Funding alleges West Capital Lending, former LOs diverted borrower leads
New lawsuit reignites debate over lead ownership and data transfers as loan officers move between lenders and brokerages.
California
Auto Added by WPeMatico
Home seller profits down in most metros despite record sale prices
Profit margins declined in nearly 59% of the 157 metro areas analyzed and dropped year over year in more than 84% of them.
Inventory-heavy states show wide gaps in sales speed
Among states with the most listings, California sells in 63 days while Florida and Texas take longer, HW Data shows.
Barron and Tessa Hilton join Compass
The couple, known for representing high-end properties and clients across Los Angeles, said the move will allow them to scale nationally.
Sun Belt leads sales volume but posts nation’s lowest absorption rate
Housing market efficiency varies dramatically by region with Sun Belt showing lowest absorption rate despite highest sales volume.
New York and DC homeowners set for biggest savings from SALT cap hike
The change, part of President Trump’s “One Big Beautiful Bill Act,” raised the deduction limit from $10,000 to $40,000.
Household income climbs in some big cities, outweighed by inflation in others
Modest income increases failed to keep pace with the roughly 3% inflation rate, meaning many households effectively lost buying power.
Los Angeles ‘mansion tax’ fuels record affordable housing funding
Most of the money — $316 million — comes from Measure ULA, a transfer tax on property sales above $5 million that voters approved in 2022.
Housing market risk steepest in southern, western areas
Of the 50 riskiest counties, 14 were in California and seven were in Florida. New Jersey had five and Louisiana had four.
Tech startup offering AI-driven property level risk modeling
Instead of relying on zip code-based risk maps and subjective human judgment, FutureProof’s algorithm analyzes property-specific details.