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California, Texas and Florida accounted for more than one-fifth of U.S. remodeling activity in the first quarter of 2026, underscoring the outsized role of the nation's largest housing markets even as higher costs and interest rates begin to weigh on spending growth. California led the country with an estimated $22.2 billion in remodeling activity, representing 8% of the national market, according to the...

UWM Holdings Corp. is facing a securities fraud investigation and fresh cuts on Wall Street after reporting a loss for the second quarter and a $2.05 billion capital raise. UWM reported that a hedge established around its attempted acquisition of Two Harbors Investment Corp.’s mortgage servicing rights portfolio produced a $603.2 million derivatives loss. This contributed to a $451.9 million net...

A coalition of consumer and housing advocacy organizations is urging the Consumer Financial Protection Bureau (CFPB) to preserve key mortgage borrower protections, warning that proposed changes to federal lending rules could leave consumers vulnerable to predatory practices and unaffordable loans. The National Consumer Law Center, National Housing Law Project, National Fair Housing Alliance, Americans...

After years of honing the craft of brokerage growth and development at firms like The Real Brokerage and eXp Realty, Erinn and Peter Nobel decided to use their skills to found and launch ENRG. Realty in January 2024.  After starting her real estate career in 1999 as an agent at a boutique brokerage in Washington state, Erinn Nobel eventually found herself joining a fledgling eXp Realty affiliate where...

CrossCountry Intermediate Holdco (CCM) is expected to issue $500 million of senior unsecured notes, coinciding with the projected August closing of its Two Harbors Investment Corp. acquisition. Fitch Ratings said it expects to rate the issuance at ‘BB-(EXP)’, ranking pari passu with existing senior unsecured debt. Proceeds are expected to be used to repay mortgage servicing rights (MSR)-backed...

Splitero, a financial technology company that aims to help homeowners access their home equity without taking on additional debt, has expanded to Idaho, Missouri, Montana and Wyoming. “Our latest expansion allows us to help more homeowners access the equity in their homes to better their lives without the burden of additional monthly payments,” said Michael Gifford, CEO and co-founder of Splitero....

One of the most meticulously curated homes to hit the Miami market has just listed for $68.5 million. Located on the guard-gated La Gorce Island in Miami Beach, the seven-bedroom waterfront estate spans more than 9,000 square feet and represents the combined talents of architect Kobi Karp, luxury builder Bart Reines, and acclaimed interiors studio Argent Design. Listed by Oliver Lloyd of Douglas...

Costa Rica’s luxury real estate market has long revolved around a handful of established destinations, with Peninsula Papagayo setting the benchmark for branded resort communities over the past two decades. Now another stretch of coastline is emerging as the country’s next ultra-luxury address. The first Estate Homes at Waldorf Astoria Residences Costa Rica Punta Cacique have officially been...

U.S. mortgage rates continued to climb this week, adding pressure to homebuyer affordability as the housing market adjusts to elevated borrowing costs and renewed inflation risks stemming in part from the war involving the U.S. and Iran. The average rate for a 30-year fixed-rate mortgage rose to 6.69% for the week ended Aug. 6, 2026 from 6.66% a week earlier and 6.63% a year ago, according to Freddie Mac's...

Mortgage spreads are once again playing our friendly neighborhood housing hero by keeping mortgage rates under 7% in a crazy, hectic year. This has allowed housing to stay intact, sales-wise. While sales in our weekly tracker data have slowed down, as they typically do once mortgage rates get above 6.64%, they eked out a small positive year-over-year gain for the second week in a row.  In previous...