Fifteen Percent of Home Purchase Agreements Canceled Amid Market Shifts
San Antonio saw over 21% of home sales fall through in October, highlighting challenges in the market. Explore the factors behind these cancellations.
Bright MLS anticipates 2026 as a year of reset rather than recovery.
Existing-home sales are projected to rise 9% to 4.51 million, indicating a recovery trend, though remaining beneath pre-pandemic levels for private lenders.
Senate Democrats caution that CFPB closure may impact prime interest rates.
Senate Democrats express concerns to the CFPB about potential disruptions in average prime offer rates (APOR) if efforts to close the agency proceed.
Boston Mayor Announces 13% Increase in Residential Property Taxes
In Boston, over 70% of the $4.6 billion budget relies on property taxes, predominantly from commercial real estate, highlighting shifts in tax dynamics.
Fannie Mae and Freddie Mac Restrict Public Access to Housing Data
Fannie Mae and Freddie Mac's decision to halt key housing surveys raises transparency concerns, impacting data reliability for private lenders in the mortgage market.
Pennymac TPO Introduces Temporary Waiver of Credit Report Fees
Pennymac TPO is waiving the $99 credit report fee at closing for loans submitted via its POWER+ portal, providing cost savings for private lenders.
Luxury Home Sellers Present Innovative Concessions to Attract Buyers
A recent survey of Agency brokers reveals that over 60% have observed increased concessions this year, indicating shifts in market dynamics for lenders.
Coalition Opposes HUD’s Modifications to Homelessness Program
A coalition of local governments and the National Low Income Housing Coalition is advocating for affordable housing solutions in major U.S. cities.
CoStar withdraws opposition to relocating Zillow copyright case to Seattle.
CoStar has initiated a move to transfer its copyright lawsuit against Zillow to Seattle, emphasizing the proximity of witnesses and a related case in the district.
NAR balance sheet reveals revenue growth and increased public policy expenditure.
NAR's 2024 Form 990 shows $360M in revenue, $48M in public policy expenditures, and $2.5M compensation for CEO Nykia Wright, highlighting financial priorities.