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Greater Orlando Area Home Sales Down 11 Percent in June

According to the latest data from the Orlando Regional Realtor Association, the median home price in June reached $395,000, an increase from $385,000 in May. This marks the highest monthly median home price ever recorded in the Orlando area and the second time in 2024 that this record has been broken. Inventory for June stood at 10,796, reflecting a 5.0% rise from May's inventory of 10,282. This marks the...

State officials push back against FHFA’s title waiver pilot program

Attorneys general in 14 states have joined together to send a letter to Federal Housing Finance Agency (FHFA) director Sandra Thompson that urges the termination of the agency’s title waiver pilot program. The letter, which was sent on Monday, was spearheaded by Tennessee Attorney General Jonathan Skrmetti and co-signed by attorneys general in Alabama, Arkansas, Georgia, Indiana, Kansas, Louisiana,...

New home sales struggling to grow with higher rates

Will the Federal Reserve pivot in time to save construction workers? We have discussed this topic for some time now because, for the first time in a while, single-family permits are falling and 5-unit permits are already in recession. This is key because, traditionally, residential construction workers are the first to lose their jobs before every recession since higher mortgage rates hit housing first....

Century 21 welcomes two new affiliates

Century 21 is welcoming new affiliates on both coasts On Tuesday, the company announced it was welcoming Staten Island, New York-based Herman & Co. Real Estate to the brand. The firm is now doing business as Century 21 Standard Real Estate. The brokerage was founded in 2004 by broker-owner Herman Herrera, a retired U.S. Marine and former school teacher. The firm serves clients in Brooklyn and...

Reverse mortgage veteran appointed chair of MISMO working group

Reverse mortgage industry veteran George Morales has been appointed as the new chairperson of the dedicated reverse mortgage development workgroup (DWG) inside the Mortgage Industry Standards Maintenance Organization. MISMO is a subsidiary of the Mortgage Bankers Association (MBA), which signaled its intent for more reverse mortgage involvement late last year. The reverse mortgage workgroup, which was...

New tech startup Finaya adds insurance quote comparison tool to offerings

A freshly minted tech startup based in Palo Alto, California, and Seattle believes it has a solution for homeowners looking for insurance. Finaya is adding a marketplace for assessing and comparing home insurance offerings. The company will deliver a network of insurance providers for homeowners looking to insure a new home or sign a new policy to address shifting needs at different points in owning a...

Opulence meets bright, airy interiors in this regal lakeside mansion in Tyler, Texas

It doesn’t happen all too often, but sometimes, just sometimes, sprawling mansions with intricate finishes manage to land that perfect blend of upscale elegance and bright, inviting interiors. And this elegant European-style home overlooking beautiful Bellwood Lake in Tyler, Texas, is the perfect example of that. The 8,189-square-foot home — listed for $2,750,000 with The Agency’s Vanessa...

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