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Image Solving the challenge of affordable housing development with a new take on a traditional...

Based on ATTOM's recently released Q2, 2024 Report on Opportunity Zones, the median price for single-family homes and condos increased from Q1 to Q2 2024 in 61% of the analyzed Opportunity Zones. Year-over-year, prices were up in 62% of these zones. During the Spring home buying season, a national surge in prices saw nearly half of the Opportunity Zones experience price jumps of over 10% both quarterly and...

The Federal Housing Finance Agency (FHFA) Office of the Inspector General (OIG) has warned the agency that it has serious network security deficiencies that leave its computer systems vulnerable to hacking, based on “penetration testing” the OIG performed. This is according to a report issued by the FHFA OIG itself. The testing revealed “serious vulnerabilities” that increase the likelihood of...

As an academic and consultant, Mike DelPrete wears many hats. He can now add “sting operative” to his resume. DelPrete managed a team of undercover “secret home shoppers” to test the responsiveness of brokerages to online inquiries on home listings. His team conducted 100 such tests and found significant lapses in how brokerages handled contact with potential buyers. The average time for a...

As more brokerages and agents contemplate moving away from a cooperative compensation model, many are grappling with some tough questions, the most vexing probably being: What do I do if a seller is only willing to contribute part of the buyer broker’s fees, or none at all? According to Anthony Lamacchia, the broker-owner of Lamacchia Realty, he and his agents have seen disputes over buyer broker fees...

The American Land Title Association is making it clear that it won’t have the Consumer Financial Protection Bureau making drastic changes to title insurance without first at least hearing the trade groups thoughts on the issue. In a 15-page letter sent to CFPB Director Rohit Chopra on Aug. 2, the trade group stressed the importance of title insurance. “When Americans buy their home, they deserve...

Onity Group, parent company of top five reverse mortgage lender and servicer Liberty Reverse Mortgage, will acquire reverse mortgage assets from Mortgage Assets Management, LLC (MAM), a subsidiary of investment funds managed by Waterfall Asset Management. The deal, initially announced by Onity during its Q2 earnings call, suggests that Waterfall is committed to the reverse mortgage space. The assets at...

Breathtaking views are a given for any billionaire-friendly penthouse, but what feature do only the top luxury penthouses on the market have in common? Double-height ceilings! In architectural terms, a double-height space is defined as one where the ceiling is roughly twice the height of a typical room, providing homeowners with soaring, open spaces and striking natural light. And what happens when...

Snakes in your yard can be a good thing, but if you need to get rid of snakes, these simple tips will help. Helen Norman Snakes are relatively shy creatures that tend to avoid human contact and mostly keep to themselves. But sometimes you need to know how to get rid of snakes in your yard, or encourage them to go elsewhere. Usually, when snakes wiggle into gardens and yards, it indicates that...

Cleaning and laundry experts weigh in on what to consider before letting your pet share a bed with you. Jessie Preza Many pet owners see their pets as a part of the family, leading them to let their cats or dogs sleep in the bed with them rather than in their own or a kennel—but is that the right decision? Cleaning and laundry experts offer their opinions to help you decide what is best for...