2025

Pennymac’s profits shrink, but its servicing portfolio now stands at a massive $680B

PennyMac Financial Services Inc. (PFSI) on Tuesday reported net income of $76.3 million for the first quarter of 2025 after it posted revenue of $430.9 million. These numbers were down from the previous quarter’s figures of $104.5 million and $470.1 million, respectively. The California-based lender’s pretax income was $104.2 million, which was down from $129.4 million in Q4 2024 but up from...

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...

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