2025

Top Arizona real estate team with 53 agents joins eXp

Arizona real estate leader Scott Kumler and his team — The Kumler Group — have joined eXp Realty, leaving My Home Group after a high-performing 2024. The 53-member Phoenix Valley team closed more than $80 million in sales across 192 transactions last year, ranking among the top five teams at their former brokerage. “My goal is to give unparalleled value and support to our agents,” said Kumler....

Fraud, mismanagement led to millions in losses for Houston Housing Authority

As issues continue to persist across the country for local housing authorities, the situation in Houston has led to an investigation by prominent local media outlets and a commissioned report by outside legal counsel. The probe found that mismanagement of contractors and the submission of fraudulent paperwork likely led to millions of dollars in losses. Stemming from a much-touted addition of air...

Spring Home Sales Sputter in U.S. as High Costs Weigh on Buyers

Housing Inventory Rises to Highest Level Since 2020 Sales of existing U.S. homes dropped to a seasonally adjusted annual rate of 4.2 million in April 2025, hitting their lowest level since October 2024, according to new data released by Redfin. The figure marks a 0.2% decline from March 2025, and a 1.1% drop year-over-year--breaking a seven-month streak of annual gains. Pending home sales, a leading...

NAR: Americans want a tax plan that supports the American dream

As Congress continues its effort to rewrite major portions of the tax code, the National Association of Realtors (NAR) unveiled new polling showing just what the American people are looking for in the legislation. The national survey shows overwhelming bipartisan support for tax provisions that strengthen homeownership, support small business owners and the middle class, and unlock more housing...

Longbridge’s new proprietary reverse mortgage aims to preserve home equity for heirs

Citing the desire among many older homeowners to leave their homes to members of their family, New Jersey-based reverse mortgage lender and servicer Longbridge Financial has announced a new proprietary reverse mortgage product that aims to help borrowers preserve home equity for their heirs. The latest offering in the company’s Platinum line of proprietary reverse mortgage products, Platinum Preserve...

Competition for HELOC business heats up as home equity grows

John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. “How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?” A majority raised their hands. “You are all the problem,” he said, garnering a ruckus of laughter. His point was ostensibly about...

The Agency’s Rainy Hake Austin on leadership and AI integration

Rainy Hake Austin, president of The Agency, joined Tracey Velt on this week’s episode of the RealTrending podcast to discuss the evolving landscape of real estate leadership and operations. The Agency, which is ranked No. 13 by sales volume and is the fourth-largest largest privately held independent brokerage in the country, has expanded to nearly 100 offices nationwide over the past five years,...

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