Mass Exodus: U.S. Homebuyers Cancel Deals at Record Levels

Atlanta, San Antonio and Jacksonville Leads the Nation in Contract Cancellations Homebuyers are backing out of purchase agreements at the fastest rate on record according to Redfin, underscoring the growing leverage buyers hold as high costs and swelling inventories reshape the housing market. Roughly 40,000 U.S. home-purchase contracts were canceled in December 2025, representing 16.3% of homes that went...

White House proposal would keep Medicare Advantage rates stable in 2027

The Trump administration has proposed nearly flat payment rates for private Medicare plans in 2027, a move that could significantly affect insurers that rely heavily on the Medicare Advantage program. The Centers for Medicare and Medicaid Services (CMS) said payments to Medicare Advantage plans would rise by an estimated 0.09% on average in 2027 — far below expectations from Wall Street analysts, The...

Trump executive order overrides Los Angeles wildfire rebuilding plan

President Donald Trump on Tuesday announced an executive order that allows the federal government to override state and local regulations during recovery efforts from last year’s Los Angeles wildfires, arguing that California authorities have slowed rebuilding. The order directs federal agencies to bypass state and local permitting processes for federally funded disaster recovery projects, asserting...

Onity Group raises $200M in debt, reports strong estimated Q4 earnings

On the back of stronger estimated financial earnings, Onity Group — the parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage — raised $200 million through a debt offering to qualified investors on Monday, exceeding its initial target of $150 million. The offering came amid the release of preliminary fourth-quarter 2025 financial results, with Onity estimating net income attributable to...

How a state bar filing could derail a California upzoning plan

The latest “not in my backyard” tactic in California’s local zoning disputes and state housing law battles? Filing a complaint with the state bar association. A case in point: An attorney who failed in an effort to derail a Rancho Palos Verdes, Calif., upzoning lodged a complaint with the California State Bar about a March 2025 letter YIMBY Law addressed to the city council, which suggested the...

Rocket CFO touts ‘all-weather’ model as mortgage market improves

Brian Brown, chief financial officer and treasurer for Rocket Companies, expects continued improvement in the mortgage market in 2026, building on momentum that emerged in the second half of 2025. “If you look at the mortgage forecasts, it depends on which one you choose, but they’re up anywhere from 8% to 25% based on the Fannie Mae and MBA numbers,” Brown said during a webinar with Fitch...

Fashion mogul Steve Madden’s former full-floor Central Park “sky mansion” wants $11.5M, has 360-degree New York skyline views

Some Manhattan apartments offer a great view. This one offers all of them at once. The former home of fashion mogul Steve Madden has just hit the market for $11.5 million, bringing a full-floor “sky mansion” to the top of the Upper East Side skyline. Located at 200 East 69th Street, Apartment 47, the 4,617-square-foot residence sits high above the city with cinematic 360-degree views of...

TV-favorite six-story townhouse in Midtown West, Manhattan hits the market for $11.75M

Some Manhattan townhouses are impressive. Others have their own IMDb résumé. A rare six-story, 25-foot-wide elevator townhouse in Midtown West — famously featured in Netflix’s romantic comedy Uncoupled starring Neil Patrick Harris — has just hit the market for $11.75 million. Located at 416 West 51st Street, the 7,000-square-foot residence is listed with Clara Chung of Douglas Elliman and...

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