Trump administration ‘effectively disbands’ the PAVE task force

The Trump administration announced Thursday that it has ended the major policy provisions of the Biden-era Property Appraisal and Valuation Equity (PAVE) task force, “effectively disbanding” a program that sought to eliminate racial bias in the appraisal process. The directive primarily applies to two rules. One required appraisers and mortgage lenders to comply with the Fair Housing Act and...

‘Dating the rate’ misled borrowers. Now they’re financially strained

“Marry the house, date the rate” is a phrase that was popularized during the post-pandemic era of rising mortgage rates. Lenders urged borrowers to focus on finding a house they were head over heels with and worry about their interest rate down the line. Borrowers who were accustomed to rates hovering near 3% didn’t realize how long “dating the rate” would take. This left many to be in an...

Bilt raises $250M to expand into mortgages, with backing from UWM

Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender. The funding brings Bilt’s valuation to $10.75 billion and will fuel expansion across the broader housing ecosystem, including mortgages,...

Century 21 expands in Utah, adding Edge Real Estate

Century 21 Real Estate has announced the affiliation of Edge Real Estate, a Kaysville, Utah-based brokerage founded by Tiffany Kennard. The move expands the footprint of the Century 21 brand along Utah’s Wasatch Range and marks the rebranding of the firm as Century 21 Edges. Founded two years ago, Edge Real Estate is led by Tiffany Kennard and her son, Taylor Kennard. Tiffany entered the real...

U.S. Architecture Billings Improve Slightly in May

Yet Sector Still Contracting in 2025 The American Institute of Architects (AIA) and Deltek reported a modest improvement in their Architecture Billings Index (ABI) for May 2025, though the sector remains in contraction. The index rose to 47.2, up from 43.2 in April, marking a slower pace of decline. Any score below 50 signals a decrease in billings. The uptick in May suggests fewer architecture firms...

Top Florida real estate team signs on with Compass

Compass has added The Korman Group — a high-performing real estate team led by Michael Korman — to its South Florida operations. The group will base its work out of Compass’s Boca Raton office, with operations extending into Miami, Fort Lauderdale, Palm Beach and Jupiter. Korman, who previously served as founder and principal of the independent brokerage Korman Realty — leads a team that has...

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