ONE Sotheby’s Welcomes $10 Billion Luxury Broker Julian Johnston
Johnston's team achieved $327.6 million in volume, securing the top spot among medium-sized teams in Miami Beach and impressive national rankings.
Decline in Foreign Purchases of US Existing Homes
Foreign buyer activity is decreasing in key US markets, with Florida, California, and Texas leading in transactions. Explore the implications for lenders.
CoStar Achieves First Profitable Quarter in Residential Real Estate
CoStar's residential portfolio achieves adjusted EBITDA positivity for the first time, reporting a profit of $12 million, signaling growth potential.
Proprietary Loans Propel Growth in the Reverse Mortgage Market
Proprietary reverse mortgages led to a significant industry volume of $9.65B, while HECM's stagnation and rising rates altered product dynamics.
Washington State Regulator Imposes $75K Penalty on West Capital Lending
Washington regulators fined West Capital Lending Inc. $75,000 for alleged violations of the Consumer Loan Act, raising concerns for private lenders nationwide.
New Silver Completes Acquisition of Mayflower Venture Partners
New Silver Lending LLC has enhanced its presence in New England's fix-and-flip and construction lending by acquiring Mayflower Venture Partners.
Mortgage Applications Decline 6.4% as 30-Year Rate Reaches 6.76%
Mortgage applications decreased by 6.4% as the 30-year fixed rate climbed to 6.76%. Refinances dropped 10% while purchase applications fell by 4%.
Senate approves Jay Clayton as DNI, concluding FHFA’s dual leadership role.
The Senate has confirmed Jay Clayton as the new Director of National Intelligence, marking a leadership change in key government roles impacting the finance sector.
Constant Contact Introduces Marketing Platform for the Real Estate Sector
Constant Contact for Real Estate introduces enterprise brand controls, AI tools, and CRM integrations, enhancing efficiency and collaboration for agents.
Foreign Buyers Acquired $45.3 Billion in U.S. Existing Homes, NAR Reports
Foreign buyers acquired $45.3B in existing homes, totaling 67,100 purchases, reflecting a 19.1% decline, highlighting trends in the real estate market.