Are gray homes a sign of gentrification in DC?

Homes in the District of Columbia were historically known for having vibrant paint colors that represented the individuality of each resident among the city’s diverse population.Washington, D.C., was once known as the “Chocolate City” due to its large population of Black residents. Now, that history
Read MoreHomes sell for $5,600 more when they are listed in late May

Trump focused on tariffs, border security in address to Congress

Just over a month in to his second presidential term, President Donald Trump capped his remarkable return by delivering a high-profile address to a joint session of Congress.As is typical for most such addresses — not technically a State of the Union address in this case — housing was not a core foc
Read MoreKeller Williams might spark a trend of brokerages to tap private equity
Affordability challenges, high mortgage rates and low for-sale inventory have created a housing market that’s making life difficult for large brokerages. This makes it a curious time to invest in one. But that’s what Stone Point Capital did Monday by taking a stake in Keller Williams, a move that is
Read MoreIs Alabama’s buyer representation bill a legal protection or liability?

The Department of Justice (DOJ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors’ (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/
Read MoreNew executive leaders at FOA to focus on ‘modernizing’ tech, customer experience

Top five reverse mortgage lender Finance of America (FOA) announced on Tuesday the hiring of two new executive leaders to modernize the company’s digital and customer experience strategies.The hires are designed to bolster the company’s efforts to “accelerate its strategy of redefining the reverse m
Read MoreXactus, FICO launch Score Mortgage Simulator

Xactus has become the first technology partner to introduce the FICO Score Mortgage Simulator, a new tool designed to help lenders and borrowers understand how credit decisions impact mortgage eligibility.The simulator, developed by FICO, is the only mortgage industry tool that uses FICO scores and
Read MoreFloify launches tool to streamline mortgage applications, support compliance

Floify has introduced Dynamic Apps, a new feature that allows mortgage lenders to customize loan applications based on loan type. The no-code tool aims to simplify the application process for borrowers while ensuring regulatory compliance and expediting approvals.“We see allowing lenders to collect
Read MoreTexas orders cut to title insurance premiums

A 10% reduction in title insurance premiums was recently ordered by the Texas Department of Insurance (TDI), with the regulator citing profit ratios that were deemed to be excessive. The mandate is set to go into effect July 1.Texas insurance commissioner Cassie Brown’s office laid out what led to t
Read MoreWith lower costs and other value, rural areas are enticing for older homebuyers

Rural areas are often in need of different kinds of expertise that is easier to find in urban areas, but they can also provide more value for homebuyers and a sense of community that is difficult to replicate in other, more populated areas of the U.S.This is according to a syndicated article origina
Read MoreTreasury halts business ownership information reporting

The U.S. Department of the Treasury announced that it will not be handing down penalties stemming from violations of the beneficial ownership information (BOI) reporting rule as part of the Corporate Transparency Act (CTA).According to a press release, the Treasury will not enforce any penalties or
Read MoreDomestic lumber demand puts pressure on environment and supply chains

Over the weekend, the Trump administration issued an executive order containing two actions: to increase domestic timber supply and move away from imported wood, and to investigate the potential risks that timber imports pose for national security. The president also proposed an expansion in tree cu
Read MoreAppeals court affirms ruling that ‘no commingling’ is not an antitrust violation

The Ninth Circuit Court of Appeals on Monday affirmed a U.S. District Court’s summary judgment ruling that the National Association of Realtors (NAR) and Zillow did not commit antitrust violations in the lawsuit filed against them by REX Real Estate.“The district court correctly concluded that there
Read MoreNAR appoints Jonathan Waclawski as its general counsel

The National Association of Realtors (NAR) has a new general counsel as Jonathan Waclawski is joining the national trade group. The story was first reported by Bloomberg Law. Waclawski is succeeding Katie Johnson, whose 17-year tenure at NAR ended in October 2024. While new to this role, Waclawski i
Read MoreTrump confirms 25% tariffs on Mexican, Canadian imports will start Tuesday

President Donald Trump said on Monday that 25% tariffs on imports from Mexico and Canada would start Tuesday, March 4, the Associated Press reported. And there’s no going back on it, he said.“Tomorrow — tariffs 25% on Canada and 25% on Mexico. And that’ll start,” Trump told reporters this afternoon.
Read MoreWill mortgage rates allow for ‘peak’ homebuying season?
Over the last two months with economic uncertainty, the bond market has responded and the yield for the 10-year Treasury has declined by 60 basis points from 4.8% to 4.2%. The 30-year fixed mortgage has followed suit, recently falling as low as 6.75%, the lowest level since mid-December.It’s quite o
Read MoreCompass adds Boschetti Realty Group in Florida

Compass announced Monday that it’s adding Florida-based Boschetti Realty Group and its two leaders, Maurice and Silvia Boschetti, to its ranks.The Boschettis bring decades of expertise and more than $500 million in career sales, according to a press release from Compass. Boschetti Realty Group arriv
Read MoreCFPB employees told to continue “performing statutorily required work”

An email from the Consumer Financial Protection Bureau’s (CFPB) COO Adam Martinez, which was obtained by Bloomberg Law, told employees of the Bureau to continue working on “statutorily required work,” despite news mid-February in which the Bureau’s new head closed the headquarters and instructed emp
Read MoreNRMLA opposes New York reverse mortgage disclosures bill

A bill that would seek to bolster the disclosures that reverse mortgage lenders make to potential clients in an effort to broaden their understanding of the product inside New York state is getting pushback from industry advocates. They argue that adding to and duplicating the currently required fed
Read MoreCoStar closes $1.6B purchase of Matterport

Roughly 10 months after it first announced the planned deal, CoStar Group said Friday that it has completed its acquisition of 3D digital mapping technology firm Matterport. CoStar paid $1.6 billion for the acquisition. “Matterport’s cutting-edge 3D capture and AI-powered property insights have alre
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