Florida’s housing markets were as hot as any after the COVID-19 pandemic began, but now they’re among the coldest.
Stubbornly high mortgage rates, rapidly rising inventory and macroeconomic headwinds are impacting housing markets all over the country, but Florida is notable for both how far it’s fallen and how much it’s slumping.
On Tuesday, the National Reverse Mortgage Lenders Association (NRMLA) held its first dedicated reverse mortgage industry event of the year.
The association’s Western Regional Meeting in Irvine, California, included an estimated 150 registrants from 75 companies around the country and took place in the state that often leads the nation in reverse mortgage volume.
Artificial intelligence has moved from a buzzword to boardroom priority in lending. After years of hype and speculation, we’re finally seeing real transformation in how loans are processed, underwritten, and serviced. What’s most fascinating isn’t just the technology itself but the emerging pattern of success: the institutions making the greatest strides aren’t those attempting to replace human judgment with algorithms, but those finding the sweet spot where AI and expertise converge.
The real estate industry and The New York Times have not been on good terms for a while now. Although the mutual disdain began with the Times’ 2023 expose of alleged widespread sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), things really began to heat up with the Times’ coverage of the commission lawsuits.
Industry debate around off-market listings — or pocket listings — has become increasingly heated.
For some agents, these private transactions are tools of exclusivity and strategy. For others, they’re a disservice to sellers and a potential breach of fiduciary duty.
Coldwell Banker Realty has launched a national rollout of its Transaction Concierge program, a back-office support system designed to assist real estate agents with administrative tasks during the homebuying process.
Movement Mortgage, a top-25 U.S. mortgage lender, is close to resolving a two-year legal battle with rival Summit Funding, its founder and president Todd Scrima, and several former employees who transitioned to the competitor.
As Compass looks to grow its private exclusive inventory, the firm is going retro.
Prior to the advent of the internet, the physical MLS book of homes listed for sale was kept in a brokerage’s office. Consumers could come into the office to look at the properties that were on the market in a given MLS territory.
Having telegraphed its impending end last month, the Veteran Affairs Servicing Purchase (VASP) program — which attempts to prevent foreclosure actions against military members who may be experiencing financial hardship due to the consequences of the COVID-19 pandemic — is officially over as of Thursday.
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