Shares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish. Horton shares surged as much as 14% after the company released results for the fiscal third quarter, the biggest intraday gain since April 2020. The builder’s stock […]
D.R. Horton jumps on profit beat despite soft housing market Read More »
Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down. “There’s nothing that tells me that he should step down right now,” Bessent said of the US central bank chief, speaking Tuesday on Fox Business. “His
Bessent sees no reason for Powell to step down from Fed now Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, For Sellers, Infographics, Mortgage Rates, Forecasts Some Highlights If you’re tempted to delay your move in hope that mortgage rates will come down, you may want to rethink that strategy based on the latest forecast. Experts say mortgage
The Latest Mortgage Rate Forecasts Read More »
In the wake of massive wildfires that destroyed 16,000 structures in Los Angeles County in January, hundreds of banks and mortgage companies agreed to let borrowers delay their monthly payments for 90 days, without demands for full repayment at the end of the forbearance period. Others simply pledged relief and relocation assistance. California’s state-run mortgage
Californians report unraveling mortgage relief after the fires Read More »
Century Communities Inc. — one of the largest homebuilders in the U.S. — will expand into Nevada for the first time through its Century Complete brand. New homes are planned at Ishani Ridge in Pahrump, Nevada, with sales expected to begin in August and prices starting in the range of $260,000. The new development will
Homebuilder Century Communities expands into Nevada Read More »
The Northwest Multiple Listing Service (NWMLS) has launched a new bilingual, voice-activated home search tool designed to make real estate listings more accessible to a wider range of users, including people with disabilities. The platform — called Finding Homes — allows users to search listings using natural speech through Alexa-enabled devices or apps. It’s available
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The recently passed One Big Beautiful Bill Act (OBBBA) gave Americans a huge tax cut that critics say primarily benefits the wealthy. But the law contains a rare reversal from President Donald Trump on a key issue — the state and local tax (SALT) deduction. What the deduction does is all in the name. It
Where — and for whom — Trump’s higher SALT deduction cap has the most impact Read More »
In a move to overhaul how California manages its housing and homelessness response, Gov. Gavin Newsom has proposed to divide the state’s Business, Consumer Services and Housing Agency into two distinct entities — the California Housing and Homelessness Agency (CHHA) and the Business and Consumer Services Agency. With no veto coming from the California State
California creates office dedicated to housing, homelessness issues Read More »
At first glance, the real estate portal landscape looks much like it did a year ago. The same power players, the same products, the same strategies — at least on the surface. “My initial snarky reply is that the space hasn’t changed,” Mike DelPrete, a real estate industry technology strategist, said. “If you look at
Has the real estate portal landscape changed after all the M&A? Read More »
Tidalwave, a mortgage technology startup that’s integrated with Fannie Mae and Freddie Mac, announced Monday that it has hired a pair of industry veterans to bolster its sales team. John Stephenson has joined Tidalwave as its head of national sales, while Frank Pastirchak is the company’s new account executive. Stephenson is a former relationship manager
Tidalwave announces new hires to lead mortgage technology sales Read More »