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Compass taps former NAR settlement attorney Ethan Glass as chief legal officer

Brokerage, Clear Cooperation, Compass, Department of Justice, HWmember, Lawsuit, Legal, MLS, National Association of Realtors, northwest mls, People Movers, Real Estate, Sitzer/Burnett /

Compass has appointed Ethan Glass as its new chief legal officer. Glass — a veteran antitrust lawyer — previously led the global antitrust and competition practice at Cooley LLP and directed U.S. Department of Justice teams that investigated and sued multiple listing service (MLS) organizations over anticompetitive conduct. “I’m honored to join Compass, a company […]

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The next generation of homebuyers is ‘overloaded’ and confused

First-Time Homebuyers, Gen Z, Homebuyers, Homeownership, Housing Market, HWmember, Millennials /

A new report from FirstHome IQ found that while younger generations express confidence in managing their finances, most still lack core financial literacy skills. The 2025 NextGen Financial Literacy Report, released on Monday, is based on a survey done in partnership between FirstHome IQ and National MI. It includes 500 people between the ages 18

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Fintech Aven raises $110M, expands into mortgage refinancing

HELOC, HWmember, Investors, LendingLife, Mortgage, Refinancing, Technology /

Fintech Aven has raised $110 million in a Series E funding round, expanded into mortgage refinancing and added heavyweight advisers Lawrence Summers and Patrick McHenry to its board, the company announced Tuesday. The San Francisco-based fintech, best known for its home equity-backed credit card, is now valued at $2.2 billion following the round led by Khosla

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Mortgage rate declines are anchored to an expected Fed cut

Federal Reserve, HWmember, Inflation, Jobs Report, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Mortgage Rates Center /

With the next interest rate decision from Federal Reserve monetary policymakers just over a week away, mortgage rates have continued their downward trajectory as many lenders and investors have priced in a cut. But the markets will need to navigate one more inflation report before the Fed’s Sept. 17 meeting. On Tuesday at HousingWire’s Mortgage

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Bill would end Social Security benefit taxes

HWmember, Reverse, Senate, Social Security, Social Security Administration /

Sen. Ruben Gallego (D-Ariz.) has introduced the You Earned It, You Keep It Act, which would eliminate federal taxes on Social Security benefits while extending the payroll tax to incomes above $250,000. “Like a lot of Americans, I’ve been paying into Social Security since my first job at 14. But despite decades of paying into

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Wildfire warnings accompany California’s older home sales

Affordability, California, Climate Change, Homebuying, Housing Market, HWmember, Insurance, Real Estate, Wildfire /

California has become the first U.S. state to require homeowners selling older properties in high-risk wildfire zones to disclose not just a house’s vulnerabilities, but also steps taken to reduce those risks. The new mandate took effect in July and applies to houses built before 2010 – when the state strengthened building codes to withstand

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911,000 jobs cut in latest revisions. Is the Fed already too late?

Bureau of Labor Statistics, Federal Reserve, Housing Market, HWmember, Jerome Powell, Jobs Report, Regulatory /

The annual job revisions data was released today, which showed that 911,000 jobs that were supposedly created from March 2024 to March 2025 were removed from the books. The estimates were for 818,000 jobs to be lost in this report, so it came in worse than expected. Lower job growth has been a theme recently,

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Bill aims to expand affordable housing on unused religious, college land

Affordable housing, Congress, Housing Inventory, HWmember, Legislation, Real Estate, Rental Properties, Single-Family Rentals, U.S. Senate /

U.S. Sens. Mark R. Warner (D-Va.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) introduced legislation last week that would make it easier for faith-based organizations and colleges to convert unused land into affordable housing. The measure — called the Yes in God’s Back Yard (YIGBY) Act — would direct federal resources to help religious

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US housing market value hits record $55T, but growth is slowing

Affordability, Construction, Data & Visuals, Home Prices, Housing Market, Housing Market Data, HWmember, Zillow /

The total value of U.S. homes has climbed to a record $55.1 trillion, although growth has cooled in the past year amid high housing costs. That figure represents a $20 trillion increase since early 2020 and an $862 billion gain over the past year, according to an analysis released Monday by Zillow. But while the

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Los Angeles ‘mansion tax’ fuels record affordable housing funding

Affordability, Affordable housing, California, Homeownership, Housing Market, HWmember, Los Angeles, Luxury Real Estate, Real Estate, Tax /

Los Angeles will make $387 million available for affordable housing projects — reportedly the largest single funding round in the city housing department history. Applications for the funds opened Sept. 5 and close Oct. 20. Eligible applicants include nonprofit and for-profit developers, community land trusts, limited equity housing cooperatives, public entities and other organizations, the

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