May 2025

Tuscany’s Property Boom Driven by Wealthy Foreign Buyers

France, the United States and United Kingdom are top feeder markets The Italian city of Lucca has emerged as a top performer in Tuscany's luxury real estate market, with property prices soaring 27% over the past five years, according to a new report from global property consultancy Knight Frank. The surge, attributed to Lucca's relative affordability and growing international demand, outpaces other Tuscan...

Fathom stays optimistic about agent compensation plan even as losses mount

Fathom Holdings Inc. is under pressure to turn its business around, and CEO Marco Fregenal thinks its new agent compensation model can do that. On the company’s first-quarter earnings call on Tuesday, Fregenal touted Elevate, which provides agents with a 20% commission split and support systems to streamline their work. Launched at the beginning of April, Fregenal said he believes the new program...

Texas Capital Bank appeals case against Ginnie Mae over reverse mortgage collateral

After lawsuit challenging the government’s authority to extinguish stakes in securitized Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) was recently decided in favor of Ginnie Mae, the plaintiff in the case has made good on its promise to appeal the decision. Texas Capital Bank (TCB) — which initially filed the lawsuit against Ginnie Mae in 2023 — has...

ServiceLink expands closing technology

Mortgage solutions provider ServiceLink has introduced updates to its EXOS Close platform aimed at increasing scheduling flexibility for lenders and borrowers. The latest enhancements allow users to schedule closings in real-time with expanded options for online and in-branch appointments, and add automatic eligibility checks for remote notarization. Among the new features is a system that...

Appraisal Institute executive accused of harassment withdraws from public appearances

The Appraisal Institute (AI) executive who’s been accused of sexual misconduct by multiple women has decided to keep a lower profile. AI Vice President Craig Steinley will cease making public appearances after an expośe by the New York Times detailed accusations against him of inappropriate comments and groping by current and former AI employees. The news was announced Monday by AI President...

Why foreclosures are still below pre-pandemic levels

According to the most recent credit data from the New York Fed, foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general doesn’t look great when accounting for credit card debt, auto loans, and student loan debt...

What’s New in Flooring for 2025 (31 photos)

Smooth and natural flooring in both wood and stone looks continued to dominate the tile and plank collections seen at recent surface materials and building trade shows in Las Vegas. There’s movement away from whitewashed gray and rustic wood flooring, although those choices are still available. And...

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