Global real estate brokerage eXp announced mixed financial results for the third quarter of 2024, with revenue up 2% year-over-year but a net income loss of $6.5 million, mostly due to $18 million in antitrust settlement legal expenses, the company reported during an earnings call Thursday. However, eXp’s adjusted net income reached $7.8 million, a…
As Trump’s victory over Democratic candidate Vice President Kamala Harris became apparent on Wednesday, bond markets reacted sharply. The benchmark 10-year Treasury yield jumped to 4.479%, its highest level since July, according to news reports. Mortgage rates responded in kind, with the average 30-year fixed rate rising to 7.13% on Wednesday, up nine basis points…
The aging of the baby boomer generation and a surge in immigration will shape the future household growth in the U.S., according to new projections from the Joint Center for Housing Studies (JCHS) at Harvard University. In a presentation, “The Decades Ahead: Projecting Household Growth and New Housing Demand in 2025-2045,” JCHS Senior Research Associate…
DENVER, Colo.—Doom-and-gloom headlines about the U.S. economy have been everywhere. But compared to the rest of the world, the U.S. is exceeding expectations as other global superpowers struggle to find their economic footing, renowned economist Mohamed El-Erian said Monday at the Mortgage Bankers Association Annual Conference & Expo in Denver. El-Erian, president of Queens’ College…
DENVER, Colo.—The Federal Housing Finance Agency (FHFA) and the U.S. Department of Housing and Urban Development (HUD) announced Monday the expansion of public appraisal data to include Federal Housing Administration (FHA) loans. That’s according to Naa Awaa Tagoe, deputy director for the Division of Housing Mission and Goals at FHFA, who shared the news Monday…
The legal drama in the real estate arena continues to unfold. This time, it’s HomeServices of America asking for a federal court to dismiss an antitrust lawsuit filed by Homie Technologies, according to a new motion for dismissal filed Friday with the U.S. District Court for the Central District of Utah. HomeServices of America requested…
When a campaign finance report showed nearly $56,000 was spent to support four City Council candidates in Portland, Maine, nothing seemed out of the ordinary until a local newspaper noted who filed the report: the National Association of REALTORS® (NAR). The expenditure raised some eyebrows in Portland as to why a national political action committee…
With the U.S. presidential election just weeks away, broader discussions about solving the nation’s housing affordability woes are taking center stage, much to the relief of many in the housing industry. If former president Donald Trump were to win a second term, privatizing Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that have been…
Above, Hurricane Helene caused a tree to crash on the home of Savannah Pope in western North Carolina (photograph courtesy of Savannah Pope). Savannah Pope and her family are navigating the unknown after furious winds from Hurricane Helene sent a tree crashing through the second story of the roof of their western North Carolina home.…
Getting homeowners insurance used to be a fairly straightforward process. You’d shop around with two or three companies, compare rates and pick the best deal. However, more frequent and severe weather events driven by climate change are hitting insurers’ margins hard as homeowner claims and the damage replacement costs spike. As a result, some insurers…
The final approval also gave insight into how consumers are hearing about the settlements, with millions getting notices or filing claims. Read more.
