Based on new data by the National Association of Realtors, pending U.S. home sales in June 2024 ascended 4.8%. All four U.S. regions posted monthly gains in transactions. Year-over-year, the Northeast, Midwest and South registered declines, while the West increased. The Pending Home Sales Index (PHSI) - a forward-looking indicator of home sales based on contract signings - grew to 74.3 in June. Year over...
More than three-quarters of U.S. adults believe that the Social Security program — which provides monthly benefit payments to Americans starting as early as age 62 — needs an “overhaul,” as it continues to face challenges to its solvency with no sign of political will or compromise to address it. This is according to the 11th edition of the Nationwide Retirement Institute’s annual Social...
Technology and outsourcing solutions company a360inc announced on Wednesday that it has acquired ProVest, a Tampa-based process and litigation information services provider for creditors. Some of a360inc’s key constituencies include mortgage lenders, servicers and investors, as well as title agencies. The deal includes an investment in a360inc by the funds managed by Morgan Stanley Investment...
Roughly one month ago, Ginnie Mae released a term sheet for a highly anticipated new development for the reverse mortgage industry: a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as HMBS 2.0. The new term sheet detailed several differences from the existing HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal...
If antitrust lawsuits are impacting agent commissions, it’s not happening at Compass. The brokerage claimed on its second-quarter 2024 earnings call that it’s experiencing virtually no changes in commissions despite the $418 million settlement agreed to by the National Association of Realtors (NAR) following a string of lawsuits related to buyer commission rules. “It has been four and a half...
With company executives predicting that things will get messy in the U.S. real estate landscape over the next several months due to the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement, eXp World Holdings — the parent company of eXp Realty — is focused on improving the firm’s agent value proposition. In the second quarter...
In early February, a 9-acre property set in the exclusive Port Royal neighborhood in Naples, Florida, landed on the market with a (very loud) bang. The sprawling waterfront compound — known as Gordon Pointe — was listed for a whopping $295 million, a price point that instantly made it the most expensive home in U.S. history. It was formerly home to Naples philanthropist and Federated Investors...
Going through a divorce is hard enough. Having to navigate the reality of a changing family landscape (and possibly helping little ones cope with the ordeal), reenvisioning your life without your significant other, and managing the intense emotions that come with this ground-shifting life change can be immensely challenging. Add to that the legal aspects — which, let’s be honest, can be quite...
Dust storms can cause a lot of damage, indoors and out. Here's what to do after one hits your home and yard. jeff1farmer/Getty Images Although dust storms can occur anywhere in the United States, these severe weather phenomena are especially common in the Southwest due to the drier climate. Dust storms and haboobs (a particularly intense kind of dust storm) are often triggered by strong...
Our top picks are versatile, functional, and durable. Better Homes & Gardens / David Hattan One of the biggest benefits of using an induction range is the incredible efficiency it offers. Instead of a burner heating up, the heat is transferred directly to the cooking surface to save as much energy as possible. In order to take full advantage of the benefits of an induction range, you need...
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