Toll Brothers announces Karl Mistry as new CEO, Doug Yearley to become Executive Chairman

Toll Brothers announced on Wednesday that Karl Mistry will be the company’s next CEO, replacing Doug Yearley, who will transition to the role of Executive Chairman of the Board on March 30.  Mistry will take the helm at a time when Toll Brothers is leaning on its resilient, high-income buyers to navigate homebuilding’s headwinds.  He currently serves as Executive Vice President and oversees the...

Trump directs GSEs to buy $200B in MBS to push mortgage rates lower

President Donald Trump said Thursday that he is directing representatives at the government-sponsored enterprises (GSEs) to purchase $200 billion in mortgage-backed securities (MBS), a move he said is intended to bring mortgage rates down. “Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against the advice of the ‘experts,’ it is now worth many...

Compass-Anywhere merger closing imminent, brokers share plans to compete

Despite initial estimates calling for a summer or even fall 2026 close for the Compass–Anywhere merger, the two companies have indicated the transaction could close as soon as this Friday.  This news came after shareholders at both firms overwhelmingly voted to approve the merger at special meetings Wednesday afternoon.  Upon the close of the transaction, between owned and franchised operations,...

U.S. Home Affordability Closed Out 2025 Near Record Lows

U.S. homeownership remained out of reach for most Americans at the end of 2025, with affordability near historic lows across almost every major housing market, according to a new report from real estate data firm ATTOM. In 99% of U.S. counties analyzed--586 out of 594--median-priced single-family homes and condominiums were less affordable in the fourth quarter than their historical averages. The pattern...

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