Why mortgage purchase apps are on a 22-week growth streak

One of the most surprising pieces of housing economic data for 2025 is that purchase apps for the existing home sales market have shown 22 weeks of year-over-year growth. And that includes nine consecutive weeks of double-digit year-over-year growth in recent weeks. Normally, this would be a significant news story, but the confusion surrounding this data has led most people to overlook it, so I am going to...

Record Setting 72.2 Million Americans Traveling for July Fourth Holiday

A record-breaking 72.2 million Americans are expected to travel over the extended July Fourth holiday period this year, according to new projections from AAA. The travel window, which spans from Saturday, June 28 through Sunday, July 6, marks the busiest Independence Day travel period in U.S. history. The 2025 forecast reflects a rise of 1.7 million travelers compared to last year, and a staggering 7...

Armando Falcon on the FHFA’s move toward crypto mortgages

It’s been just over a week since Federal Housing Finance Agency (FHFA) Director Bill Pulte directed Fannie Mae and Freddie Mac to start preparing for the use of cryptocurrency in single-family mortgages. With limited guidance beyond the FHFA’s directive, mortgage originators and industry experts are working to assess how cryptocurrency could be applied to mortgages. They’re evaluating potential...

State AGs oppose HUD’s plan to roll back fair housing marketing rules

California Attorney General Rob Bonta — along with a coalition of 20 other attorneys general — is urging the U.S. Department of Housing and Urban Development (HUD) to abandon a proposed rule that would eliminate federal requirements prohibiting discriminatory marketing of affordable housing. In a letter sent to HUD on Thursday, the attorneys general argued that the proposal would repeal Affirmative...

Texas independent brokerages join Compass

Compass continues to welcome agents to the firm, this time via two independent brokerage integrations in Texas. Vista Real Estate and Halo Group Realty are joining Compass, according to an announcement on Thursday.  Vista Real Estate serves clients in central Texas and has more than 60 agents, while Halo Group Realty serves clients in the Dallas-Fort Worth metro area and has 40-plus...

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