Borrowers rushed to refinance in August as mortgage rates eased, pushing rate-and-term refi lock volume up 70% from July, according to Optimal Blue’s Mortgage Market Advantage report released Wednesday. “Borrowers are responding quickly to rate improvements, driving the strongest month for rate-and-term refinances we’ve seen this year,” Mike Vough, head of corporate strategy at Optimal Blue,...

Opendoor Technologies announced Wednesday that it has named Kaz Nejatian, the former chief operating officer of Shopify, as its new CEO. Nejatian will also join Opendoor‘s board of directors as he takes over for Carrie Wheeler, who stepped down last month. The San Francisco-based iBuyer also announced two other personnel moves as co-founders Keith Rabois and Eric Wu are returning to the company to...

The Asian Real Estate Association of America (AREAA) has named 109 individual agents and 64 teams to its annual A-List of top producers. Honorees closed 7,743 transaction sides and recorded $8.49 billion in sales volume in 2024. The top 50 agents and 25 teams will be recognized at AREAA’s national convention in Santa Monica, Calif., Oct. 2-4. “The A-List represents more than a set of rankings...

Tennessee-based homebuilder Clayton Homes presented the first official single-section CrossMod manufactured homes at the U.S. Department of Housing and Urban Development’s 2025 Innovative Housing Showcase this past weekend. The event allowed the public, policymakers and housing leaders to tour the model, which was introduced following the expansion of conventional financing options by Fannie Mae and...

Million Dollar Listing Los Angeles star Tracy Tutor is adding another headline-making property to her portfolio — this time a meticulously restored 1938 residence in the coveted Outpost Estates at the base of the Hollywood Hills. Asking $4.55 million, the 1938 residence has been reimagined by design studio Two Muse, known for their artful mix of vintage pieces, bespoke furnishings, and modern...

Finally, fall decor that isn’t pumpkin...

When this family purchased a home in California’s Oakland Hills, there wasn’t much in the steeply sloped backyard to encourage spending time outdoors. But what the yard lacked in usable space, it more than made up for in natural beauty, with sweeping views down a hillside of native oaks and...

Analysts point to possible rate cuts, stabilizing book values, increased loan originations as reasons to be...

World Property Bank Targets Multi-Trillion Dollar Real Estate Tokenization Opportunity Miami-based World Property Ventures, a global proptech venture firm operating at the intersection of Main Street real estate, Wall Street finance, Silicon Valley innovation, and DARPA-grade disruption, announced this week a new digital investment bank aimed at transforming global real estate capital markets. The...

The U.S. homeownership rate for Black households dropped to 43.9% in the second quarter, its lowest level since late 2021, according to new data from Redfin. That's down from 45.3% a year earlier, marking the steepest annual decline since the third quarter of 2021. By contrast, Hispanic homeownership edged higher to 48.8% from 48.5%. Ownership among non-Hispanic white households slipped to 74% from 74.4%,...