President Donald Trump on Wednesday signed Rep. Derrick Van Orden’s bill, the VA Home Loan Program Reform Act, into law after it received approval last week from the Senate. The VA Home Loan Program Reform Act will reform the U.S. Department of Veterans Affairs (VA) mortgage program by adding a partial claim option — a change that housing advocates say is urgently needed after the VA stopped...
Compass Real Estate reported its strongest quarterly performance in company history during the second quarter — delivering record revenue and profitability despite challenging housing market conditions. The company reported a 21.1% year-over-year revenue increase to $2.06 billion in the second quarter of 2025, with total transactions rising 20.9%. Compass CEO Robert Reffkin emphasized the...
Compass Real Estate Chief Financial Officer (CFO) Kalani Reelitz will leave his position at the end of this month, the company announced during its second-quarter earnings call. Chief Accounting Officer Scott Wahlers will be promoted to Compass CFO — with the move becoming effective at the end of August. “Compass has never been stronger,” said Reelitz. “We are well positioned financially,...
The dog days of summer are upon us. With intense sunlight streaming over our gardens, we’re reminded of just how brutal it can be in the heat. The tricky part is that spots in the garden that are hot now may be less so at different times of the year. Good landscape design understands these seasonal...
When you hear the word “retreat,” what comes to mind — writing in a cabin by a lonesome lake, engaging in spiritual study or practicing yoga on the beach? How about doing a retreat in your own home?It may at first seem like an improbable idea (although that yoga-on-the-beach thing sounds...
The median price of homes destroyed by wildfire was $3.7 million Wildfires that ravaged Pacific Palisades, Malibu and Los Angeles areas for 3 weeks last January scorched an estimated $51.7 billion in residential real estate, marking one of the most financially devastating wildfire events in U.S. urban history, according to a new analysis by Redfin. The analysis, based on data from the Los Angeles City...
One of the most persistent lies about U.S. economics post-COVID-19 is that Wall Street has been a major buyer of homes in America and that’s the reason home prices have escalated out of control. The role of investors in the housing market is back in the news again, but I want to look at this topic from a different angle. Cotality data recently showed investors making up over 30.7% of home sales —...
Longbridge Financial, one of the nation’s leading reverse mortgage lenders, on Tuesday announced the hiring of Azita Guzzo as its new head of technology innovation. Guzzo will fill a newly created role at Longbridge. She’s being tasked with the development of advanced technology solutions for enhanced customer service and improved operational efficiency. “Azita’s deep expertise and...
A new bill introduced in the Senate would require Fannie Mae and Freddie Mac to consider unconverted digital assets in mortgage underwriting. Sen. Cynthia Lummis (R-Wyo.) introduced the legislation, known as the 21st Century Mortgage Act, on Tuesday. S.B. 2471 is a response to a directive from Bill Pulte, the director of the Federal Housing Finance Agency (FHFA). Pulte recently instructed the...
Stellar MLS — the largest multiple listing service in Florida and Puerto Rico — has launched IO Reports, a new tool that offers subscribers access to neighborhood and market insights for any address in the U.S. The new feature — provided in partnership with location intelligence company Local Logic — gives real estate professionals detailed reports that include demographics, amenities, school...
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