It’s probably too early to get excited, but several lenders reported that mortgage demand climbed to 2022 levels this week. After months of hovering in the high 6% range—and most recently dipping to 6.84%— declining mortgage rates may finally be luring buyers back. Applications rose 11% last week, according to the Mortgage Bankers Association (MBA), as mortgage executives report renewed activity...
Thousands of Minnesota residents who lost homes over property taxes may now be eligible for compensation, following a landmark U.S. Supreme Court ruling and a resulting $109 million class-action settlement fund. The case began with Geraldine Tyler, a 94-year-old Minneapolis woman who owed $15,000 in property taxes on her condominium. In response, Hennepin County, Minnesota, seized the property, sold...
eXp Realty has launched a new land and ranch division to serve real estate agents who specialize in rural, agricultural and recreational properties, the company announced this week. The new division is designed to support agents working in a growing sector of the housing market with tools tailored to land and ranch transactions. “Our launch of the Land & Ranch Division is yet another example...
Real estate investing thrives—or fails—on the precision of your numbers. A single miscalculation in cash flow, ROI, or cap rate can turn a promising opportunity into a money pit....
Spoiler: you can keep your oak...
Basic rectangular shapes dominate kitchen island designs. While there’s nothing wrong with the straightforward approach, it might not be the right setup for your space or lifestyle. To think outside the box — or rectangle — consider these five kitchens with personalized island designs that enhance...
Spacious primary bathrooms have become one of the most considered spaces in home design. These often luxurious settings provide a refuge from hectic schedules and a place for pampering. In these spaces we can be assured privacy in an increasingly public world and stamp our unique identities in...
Demand for vacation homes is falling fastest in Florida A new Redfin report reveals that American appetite for vacation homes has continued its steady decline, reaching the lowest point in at least six years. In 2024, U.S. homebuyers took out just 86,604 mortgages for second homes--often used as vacation properties -- marking a 5% drop from the previous year and the lowest level since Redfin began...
Lower rates helped Detroit-based Rocket Companies, the parent of Rocket Mortgage, improve its originations in the first quarter of the year — a period also marked by the announcement of two major acquisitions in Redfin and Mr. Cooper. But the second quarter is expected to look different. While the macroeconomic landscape made mortgage production more challenging in April, the company will now shift...
The heated debate around the Clear Cooperation Policy (CCP) has roiled the real estate brokerage space as a result of fierce pushback on the rule from Compass. But company CEO Robert Reffkin has a question amid what he characterized as “negative narratives and scare tactics.” What’s the downside for a home seller of Compass’s “three-phase marketing” strategy? On Compass’s...
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