April 2025

10 Times to Hire a Builder (10 photos)

Wondering if it’s time to hire a homebuilder? Some builders work on custom homes with individual clients in collaboration with the homeowner’s architect, while others are also developers, purchasing land and creating communities of customizable homes. If you’re thinking of building a home or...

Ukraine’s Inzhur Sees Real Estate Investment as Opportunity to Rebuild Nation

Shrink The Ocean Plaza shopping mall is an iconic shopping center in Kyiv and also the first of its kind to be successfully nationalized from sanctioned Russian assets. Photo courtesy of Inzhur. Expand The Ocean Plaza shopping mall is an iconic shopping center in Kyiv and also the first of its kind to be successfully nationalized from sanctioned Russian assets. Photo courtesy of...

Home Seller Concessions Climbing as Market Conditions Shift in U.S.

U.S. Buyer Contract Cancellations Also Rising in 2025 According to a recent report from Redfin, 44.4% of U.S. home-sale transactions in the first quarter of this year included concessions from sellers -- an increase from 39.3% during the same period last year and just shy of the record 45.1% seen in early 2023. This data, based on reports from Redfin buyers' agents nationwide, covers rolling three-month...

Randell Gillespie named president of LeaderOne

Veteran mortgage executive Randell Gillespie has been named president of Kansas City-based mortgage shop LeaderOne. Gillespie joins LeaderOne following a long stint at Thrive Mortgage and Lower, which merged in early 2024. He most recently served as chief production officer at the combined company before his departure in February 2025. “This company was built for these times — with an incredibly...

Closing costs for the typical home purchase now top $4,600

Homebuyers paid an average of $4,661 in closing costs on purchase mortgages last year, according to a new report from LodeStar Software Solutions. The company released its first-ever purchase mortgage closing cost report. The findings showed that, on average, closing costs represented 1.06% of home sale prices at the national level. The median percentage came in slightly lower at 0.88%. Closing...

Inside the Trump administration’s plans to gut the CFPB

An illustration of an ax falling on the CFPB headquarters in Washington, D.C. (Image created with ChatGPT 4o) Under a workforce reduction announced on April 18, the Consumer Financial Protection Bureau (CFPB) may be left with just one employee in the Office of Fair Lending and Equal Opportunity, along with an 80% reduction in enforcement staff and a 90% cut in supervision personnel – divisions that...

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