2025

U.S. Office Market Experiences Historic Conversion Shift

Office Conversions Will Outpace New Construction in 2025 In a landmark shift for the U.S. office real estate market, more office space is set to be removed from inventory than added for the first time since at least 2018, according to a new report from global real estate services firm CBRE. The trend marks a critical turning point in the sector's path toward stabilization and early signs of...

‘No legitimate justification’: California broker sues NAR over ‘anticompetitive’ dues

A California real estate broker is suing the National Association of Realtors (NAR) over a policy that forces brokers to pay dues for agents who aren’t members of their state, local or national Realtor associations. John Diaz, who’s based in Modesto, claims that NAR’s Variable Dues Formula (VDF) policy penalizes brokers for associating with agents who aren’t Realtors. He claims this limits a...

RARE, a Canadian brokerage featured on reality TV, enters the US market

Canadian-based RARE Real Estate has launched operations in South Florida, marking its official entry into the U.S. market. The move is part of a broader expansion strategy by the fast-growing brokerage, which gained recent attention through its feature on the Amazon reality series “Luxe Listings Toronto.” RARE’s entry into the U.S. market is led by company founder Adam Stern, who has more than...

UWM’s Jason Bressler challenges the fear-driven narrative around AI in mortgage lending

Discussions about the impact of artificial intelligence (AI) have dominated conversations on stage at HousingWire‘s The Gathering. But there seems to be little common ground as some lenders are excited for the chance to scale their businesses to new heights by taking away menial tasks, while others are concerned about information security and job insecurity. Jason Bressler, chief technology officer...

‘It was love at first sight!’ Inside Rocket’s pursuit of Redfin, Mr. Cooper

Glenn Kelman’s wife was starting to get worried. The Redfin founder and CEO’s behavior was unusual lately. He was staying up late into the night exchanging texts with someone. But there was no other woman. Kelman was group texting Varun Krishna, the CEO of Rocket Companies, and Jay Bray, the CEO of Mr. Cooper. They would share their unified vision for transforming the homeownership journey and —...

Reverse mortgage performance was largely steady in May

Despite a raft of what might seem like contradictory economic data points and a challenged housing market, the reverse mortgage industry largely proceeded as normal based on key performance metrics for May 2025. Home Equity Conversion Mortgage (HECM) endorsements dropped by 1% in May to 2,296 loans, despite recent increases in the expected interest rate alongside solid performance from some key lenders....

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