The publicly traded companies in the reverse mortgage space were largely profitable in the second quarter of 2025, despite a challenging macroeconomic backdrop. As a group, they posted $1.2 billion in originations in Q2 2025, compared to $1 billion in the first quarter. Executives pointed to stronger demand for home equity products among seniors, as […]
Reverse mortgage lenders log Q2 profits amid home equity, AI push Read More »
Realtor.com is welcoming a new executive to its C-suite. On Monday, the company announced that it had appointed Janakiraman Karthikeyan as its new chief technology officer. This role will see Karthikeyan lead Realtor.com’s technology strategy as the company looks to achieve its long-term growth goals. “I’m excited to join Realtor.com at such an important moment,”
Realtor.com hires Janakiraman Karthikeyan as CTO Read More »
New home sales followed the existing home sales market by beating sales estimates and having positive revisions in today’s report, which suggests that we are already seeing some benefits of lower mortgage rates. While it’s not a spectacular number by any means, if mortgage rates can get toward 6% and just stay there for some
Have lower mortgage rates already boosted the homebuilders? Read More »
Top-producing residential real estate team Schemmel Soda Group has left Premier Sotheby’s International Realty to join Douglas Elliman’s Sarasota, Florida, office. The group is led by cofounders Joel Schemmel and Donna Soda, along with agents Sharon Chiodi and Patti Tebo. Marketing Director Katie Kurbiel and client service coordinator Preston Lane are also joining the team.
Schemmel Soda Group joins Douglas Elliman in Florida Read More »
To continue its goal of national expansion, Evergreen Home Loans announced on Monday that it has entered 11 new states: Texas, Florida, South Carolina, North Carolina, Wyoming, Nebraska, Tennessee, Pennsylvania, Georgia, Ohio and New Mexico. To support this growth, the Bellevue, Washington-based company has hired and promoted several key leaders to strengthen its regional operations.
Evergreen Home Loans expands to 11 new states Read More »
The number of new-home sales in July may have only fallen slightly from a month prior, but it is meaningfully lower than a year ago, according to data released Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. New-home sales dropped to 652,000 units in July, down 0.6% from
New-home sales continue to slide in July, bringing down prices Read More »
After last week’s Jackson Hole speech from Fed Chair Powell, rates fell to their lowest levels since October 3rd, 2024, narrowly surpassing the recent long-term low seen on August 13th. Powell tacitly suggested a stronger possibility of a September Fed rate cut due to growing concerns about the labor market. Now today, the market corrected
Mortgage Rates Edge Slightly Higher From Long-Term Lows Read More »
Sales of new US homes exceeded forecasts in July after an upward revision to the prior month, as prices eased and heavy incentives enticed more buyers off the fence. Contract signings on new single-family homes ticked down to a 652,000 annualized rate, with the strongest demand in the West, according to a government report issued
New-home sales exceed forecast following upward revision Read More »
Over 40% of millennial and Gen Z homeowners claim they struggle to afford their regular housing payments, a substantial number but less than the 70% who are saying the same about their rent, a Redfin survey found. In May, a survey conducted by Ipsos for the real estate company had over 4,000 homeowners and renter
Gen Z, millennials struggle with housing costs Read More »
In June, the Consumer Financial Protection Bureau took notable steps that could significantly reshape the regulatory framework governing loan officer compensation. Among the most consequential developments was the submission of a proposed rulemaking to the Office of Information and Regulatory Affairs (OIRA), which appears to contemplate rescinding or significantly amending the current Loan Originator Compensation
Why tech – not pay – will decide loan officer loyalty Read More »