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Compass attracts top Connecticut team

January 17, 2025 by bp56691
Compass is strengthening its presence in the Nutmeg State. On Friday, the largest brokerage in the country by sales volume announced that The Jennifer Leahy Team will be leaving Douglas Elliman to join the Robert Reffkin-helmed firm.
Categories Brokerage, Compass, Douglas Elliman, HWmember, People Movers, Real Estate, RealTrends Verified Rankings

Rising mortgage rates zap builder confidence

January 17, 2025 by bp56691
Rising mortgage rates zap builder confidence
The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow.
Categories Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates

Longbridge files to remove ads from website in case against Mutual

January 16, 2025 by bp56691
Longbridge has filed a motion in court seeking to take down material it contends is deceptive and misleading from several websites.
Categories HWmember, Longbridge Financial, Mutual of Omaha Mortgage, Reverse

Mutual of Omaha denies Longbridge allegations, files counterclaim

January 15, 2025 by bp56691
Mutual of Omaha has denied Longbridge’s allegations, and wants a jury trial to determine monetary losses from Longbridge’s own alleged actions.
Categories HWmember, Longbridge Financial, Mutual of Omaha Mortgage, Reverse

The Supreme Court is out, so what’s next for NAR?

January 14, 2025 by bp56691
Legal experts weigh in on where NAR goes now that it has run out of courts to hear its appeal against the Department of Justice.
Categories Department of Justice, HWmember, Legal, national association of realtors, Real Estate, Supreme Court, Trump Administration

Housing demand positive, but at risk from higher mortgage rates

January 11, 2025 by bp56691
Housing demand positive, but at risk from higher mortgage rates
Our weekly pending contract data is still positive, but only by 1%, as demand growth has slowed amid higher mortgage rates.
Categories Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, Purchase Applications

Rep. Maxine Waters pushes for serious investigation with proposed wildfire bill

January 10, 2025 by bp56691
Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage.
Categories California, Climate Change, Congress, House of Representatives, Housing Market, HWmember, Los Angeles, Regulatory, Wildfire

Jobs week data is keeping mortgage rates above 7%

January 10, 2025 by bp56691
Jobs week data is keeping mortgage rates above 7%
Today’s jobs report beat expectations, which means mortgage rates will stay elevated.
Categories Bureau of Labor Statistics, Federal Reserve, Housing Market, HWmember, Jobs Report, Mortgage Rates

How reverse mortgage pros will seek to connect with clients in 2025

January 7, 2025 by bp56691
The reverse mortgage industry is ready to hit the ground running in its efforts to connect with new clients in 2025.
Categories Fairway Independent Mortgage, Finance of America, HECM, HWmember, Marketing, New American Funding, Reverse

New CMLS leader John DiMichele on the state of multiple listing services

January 3, 2025 by bp56691
New CMLS leader John DiMichele on the state of multiple listing services
HousingWire real estate reporter Jeff Andrews sat down with John DiMichele, the new chair of the Council of Multiple Listing Services (CMLS), to discuss the state of MLSs and their future in a rapidly changing real estate environment.
Categories HWmember, MLS, NAR Lawsuit Settlement, national association of realtors, Real Estate
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