Above: Brian Tepfer, CEO of PropStream As one of the leading real estate data and lead generation platforms in the country, PropStream is on a mission to provide real estate professionals with the most comprehensive solution for finding off-market property leads encompassing the latest trends and technology advancements. Real estate and mortgage professionals can then…
The Federal Reserve’s chief banking regulator will resign in February, avoiding a potential showdown with President-elect Donald Trump who was expected to replace him. Michael Barr will step down as vice chair for supervision at the Federal Reserve on February 28 but retain his position as Fed governor until 2026. The announcement comes amid speculation…
United Real Estate: At a Glance Agent Count: 21,000 Offices: 159 States: 32 2023 Closed Transactions: 70,000 2023 Closed Sales Volume: $27.8 billion – No. 1 fastest-growing national real estate brokerage by revenue (Inc. 5000) – Among fastest-growing privately-held U.S. companies for the eighth year (Inc. 5000) – 8th largest real estate brokerage by transactions…
Federal regulators filed a lawsuit Monday against Rocket Homes Real Estate and The Jason Mitchell Group (JMG), alleging an illegal referral scheme that steered homebuyers toward specific mortgage and settlement services, according to a complaint filed by the Consumer Financial Protection Bureau (CFPB). Rocket Homes allegedly provided real estate brokerages with referrals and preferential treatment…
Ask any real estate or mortgage professional what housing has been like in 2024, and the answer is likely chaotic. Ask consumers the same question, and they’ll probably sum it up in one word: unaffordable. A continued trend of higher-for-longer mortgage rates will continue into 2025 accompanied by high home prices, but slight improvements are…
Rising inventory levels and changing buyer demographics are boosting optimism for the housing market in 2025 even as affordability headwinds carry into the new year, Rocket Companies CFO and Treasurer Brian Brown said during a fireside chat at the Goldman Sachs U.S. Financial Services Conference on December 10. “We’re seeing inventory tick up,” Brown told…
Home affordability continues to stand between prospective homeowners and their dreams as home prices and mortgage rates stay higher for longer. To help buyers overcome these hurdles, some financial firms offer outside-the-box solutions for cash-strapped Americans to qualify for a home loan. Student loan debt is a common obstacle for first-time and some repeat homebuyers.…
A flurry of appeals of a federal judge’s final approval of the landmark National Association of REALTORS®’ (NAR) $418 million commission lawsuit settlement were filed with the Eighth District Court of Appeals days after the ruling, indicating the legal fight is far from over, according to new court documents. Although U.S. Judge Stephen R. Bough…
Homebuyers just got an extra boost in borrowing power after the Federal Housing Finance Agency (FHFA) increased conforming loan limits to $806,500 for single-unit properties, the federal regulator said Tuesday. The FHFA said the new conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac represent a $39,950 increase from 2024, reflecting continued…
Class-action plaintiffs in the $418 million landmark settlement with the National Association of REALTORS® (NAR) over real estate commissions finally spelled out specific prohibited real estate practices after a law professor’s latest objection to the settlement forced them to clarify their position. Tanya Monestier, a law professor at the University at Buffalo, doesn’t technically have…
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