May 2025

eXp Realty launches land and ranch division

eXp Realty has launched a new land and ranch division to serve real estate agents who specialize in rural, agricultural and recreational properties, the company announced this week. The new division is designed to support agents working in a growing sector of the housing market with tools tailored to land and ranch transactions. “Our launch of the Land & Ranch Division is yet another example...

Why federal support for tiny homes could be a game changer

As homelessness continues to rise nationwide, one nonprofit is pushing for a paradigm shift. DignityMoves, a San Francisco-based organization, has been leading the charge for what its founder and CEO Elizabeth Funk calls “interim supportive housing.” These cost-effective tiny home communities aim to help individuals stabilize their lives while waiting for permanent housing options that are often...

5 New Kitchens With Island Design Ideas (10 photos)

Basic rectangular shapes dominate kitchen island designs. While there’s nothing wrong with the straightforward approach, it might not be the right setup for your space or lifestyle. To think outside the box — or rectangle — consider these five kitchens with personalized island designs that enhance...

U.S. Vacation Home Sales Fall to Lowest Level Since 2018

Demand for vacation homes is falling fastest in Florida A new Redfin report reveals that American appetite for vacation homes has continued its steady decline, reaching the lowest point in at least six years. In 2024, U.S. homebuyers took out just 86,604 mortgages for second homes--often used as vacation properties -- marking a 5% drop from the previous year and the lowest level since Redfin began...

Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?

The heated debate around the Clear Cooperation Policy (CCP) has roiled the real estate brokerage space as a result of fierce pushback on the rule from Compass. But company CEO Robert Reffkin has a question amid what he characterized as “negative narratives and scare tactics.” What’s the downside for a home seller of Compass’s “three-phase marketing” strategy? On Compass’s...

Rocket shifts focus to integration after Q1 growth in originations and M&A

Lower rates helped Detroit-based Rocket Companies, the parent of Rocket Mortgage, improve its originations in the first quarter of the year — a period also marked by the announcement of two major acquisitions in Redfin and Mr. Cooper.  But the second quarter is expected to look different. While the macroeconomic landscape made mortgage production more challenging in April, the company will now shift...

Longbridge endures Q1 loss, but leaders tout ‘positive contributions’

Despite a slowdown in overall Home Equity Conversion Mortgage (HECM) volume in the first quarter of 2025, Longbridge Financial contributed positively to parent company Ellington Financial. Overall performance at Ellington saw $31.6 million in net income to common stockholders, up from $22.4 million the prior quarter. Longbridge posted a net loss of $1 million for the quarter. However, reverse...

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