HUD rescinds appraisal review policies

Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). “While the adoption of a standardized ROV policy was one that real estate appraisers understood and was generally good for appraisers and consumers, the issues associated with appraisal appeals will continue to evolve without the FHA policy,” said Bill...

Build, baby, build: How the US can start fixing its housing supply crisis

Let’s start with the bad news: The U.S. housing deficit is currently between 1.5 million and 8 million homes (estimates among experts vary widely). And worse, the core reasons for such a shortage cannot be easily or quickly addressed. But there is good news, too, speakers said Wednesday at the U.S. Housing Supply Summit in Washington, D.C: There is finally widespread political acceptance that we have...

Take in the ocean views from this $20M Spanish Ranch perched on a bluff in Santa Barbara

Call me biased, but I can’t think of anything more inviting than a Ranch-style home with adobe elements and Spanish influences. Yet a newly listed Santa Barbara home raises the bar, adding oceanfront living to the mix, with wide-reaching water views and picture-perfect sunsets unfolding past its windows. Listed for a hefty $19,995,000, the Santa Barbara property offers a piece of California’s...

What to Know About Curtains and Drapes (40 photos)

Curtains and drapes are soft window treatments that perform the same duties as the cousins they’re often paired with — shades, blinds and shutters — by providing privacy and light control and being a crucial part of a room’s design. But the wide variety of fabrics, patterns, colors and decorative...

World Property Ventures Builds the Future of Real Estate with New Funding Round

Michael Gerrity, founder and CEO of World Property Ventures, believes the global property industry is poised for a major transformation. In the coming decade, rapid advancements in artificial intelligence, the explosion of market data and signals, automation, industry consolidation and tokenization will disrupt the market in ways that few are prepared for. Michael Gerrity Based in Miami, World Property...

U.S. West Coast Dominates Self Storage Demand

According to StorageCafe, life events continue to shape the U.S. self-storage market, with moving, housing affordability, and economic shifts fueling sustained demand. Interest in self-storage has surged by 88% since 2020, reaching an all-time high of 25 million annual searches in 2024. As the industry navigates post-pandemic fluctuations and oversaturation in some markets, it has adapted to better serve...

Federal Reserve stands pat, but still sees rate cuts ahead

There was no surprise on Wednesday as the Federal Open Market Committee (FOMC) chose to leave the federal funds rate unchanged at a range of 4.25% to 4.5%. The decision was almost universally expected by market observers as the Federal Reserve weighs data that could be pushing the U.S. toward a recession. The short-term direction of mortgage rates — which are more closely tied to Treasury yields than...

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