America’s 250th Birthday Drives Record 72.2 Million Holiday Travelers

Parks, Cities and Fireworks Draw Historic July Fourth Crowds The United States is heading into one of its largest-ever Independence Day travel periods, with 72.2 million Americans expected to travel at least 50 miles from home over the July 4th, 2026 holiday window. This occurs as the country marks the 250th anniversary of independence with nationwide celebrations, expanded public events, and record...

Berkshire’s Clayton adds McGuinn Homes to Mungo as scale race widens

Clayton Home Building Group confirmed that its Southeast U.S. powerhouse operator, Mungo Homes has acquired Columbia, S.C.-based McGuinn Homes, a four-decade-old regional builder whose rise in HousingWire’s Homebuilder Rankings reflected a carefully executed growth strategy centered on attainable homeownership, disciplined operations and customer focus. In announcing the acquisition, Clayton described...

Why mortgage rates are rising, not falling, with oil under $70

Oil prices are under $69 while mortgage rates are near yearly highs. For some observers that might seem very odd, but for me it makes sense. During the Iran conflict, the Federal Reserve went from talking about two to three rate cuts to two to three rate hikes. Oil prices falling from over $100 to under $69 is very important, but today I want to focus on the shift in Fed policy and why this chart below...

Tom Blanchard keeps Blanchard & Calhoun focused on what big firms can’t buy

For over a century the Georgia-based brokerage Blanchard & Calhoun Real Estate Co. has continued to serve consumers in the Augusta area all while navigating recessions, record high interest rates, the rise of the internet, the COVID-19 pandemic housing market, the commission lawsuits and the current wave of massive consolidation hitting the housing industry. Tom Blanchard, the firm’s president,...

FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB

Finance of America (FOA) has closed an all-cash acquisition of reverse mortgage servicing rights from Onity Mortgage Corp., adding roughly 20,000 Home Equity Conversion Mortgages (HECMs) with a combined $5.2 billion in unpaid principal balance (UPB) to its portfolio, the companies announced Wednesday. The deal, disclosed by FOA in an 8-K filing with the Securities and Exchange Commission (SEC),...

California November ballot: a billionaire tax and new local tax limits

California has long been synonymous with high taxes, but new fights over who will pay them are exposing a sharper fault line. The state increasingly reaches for “tax the rich” tools to fund housing and social programs, while anti-tax forces try to constrain those same tools. California’s tax fight is unfolding under a national spotlight. Lawmakers and advocates are testing how far “tax the...

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