The May existing-home sales report from the National Association of Realtors (NAR) shows sales at just 4.03 million, a 0.7% decrease year over year and up 0.8% compared to April. It was the slowest May for existing home sales since 2009 and the fourth consecutive month with a year-over-year decline in sales. Unsold inventory also continues […]
Inventory is rising, but existing home sales remain in a major slump Read More »
Fair Isaac Corp. (FICO) will incorporate Buy Now, Pay Later (BNPL) data into two of its credit scores set to launch in Fall 2025. The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday. The change will provide mortgage brokers, loan officers and
FICO to add Buy Now, Pay Later data to credit scores Read More »
After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July. In a speech she gave at a research conference
Fed Vice Chair Michelle Bowman supports July interest rate cut Read More »
Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home. That’s according to insurance company Nationwide‘s 2025 Nationwide Retirement Institute Long-Term
The concerning math behind aging-in-place Read More »
I’ve been in this business long enough to know the truth that most agents don’t want to hear: The road to real estate success isn’t paved with hacks or shortcuts. It’s built on consistency, accountability, and the willingness to do what’s hard, especially when you don’t feel like it. So let’s talk about what’s hard,
No hacks, just hustle: The truth about real estate success Read More »
Compass, the largest real estate brokerage in the country by volume, has sued Zillow over its policy on private listings. Compass filed a lawsuit in New York on Monday, alleging that Zillow is breaking federal antitrust laws by permanently banning any listing that isn’t put on an MLS within a business day of being publicly
Compass sues Zillow over private listings policy Read More »
On Saturday night, the U.S. bombed Iranian nuclear sites, sending shockwaves around the world and leading people to ask me what this means for mortgage rates. This type of global event can lead to significant market movements in oil prices, the U.S. dollar and the 10-year yield in the short term. However, this year, we’ve
How will mortgage rates react to US bombing of Iran? Read More »
The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing
New listings slowdown shows lack of home seller stress in 2025 Read More »
Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: Longbridge’s Bill Packer on crafting AI that’s inclusive of seniors As AI becomes more common in financial services, Bill Packer, the chief operating officer at Longbridge
Tech Pulse: Longbridge talks AI senior inclusivity, UWM details lending advancements Read More »
Redfin has launched a new feature in partnership with home services provider Thumbtack to help homeowners find and hire professionals for home improvement and maintenance projects. By claiming their property on Redfin and visiting the Owner Dashboard, homeowners can now access a range of services — including painting, landscaping, cleaning and HVAC maintenance. The feature
Redfin, Thumbtack partner to connect homeowners with improvement pros Read More »