A new report from ATTOM Data shows that foreclosure activity in 2024 was on the decline compared to the year prior, a possible indicator of a balanced market and careful lending practices. According to ATTOM's Year-End 2024 U.S. Foreclosure Market Report, foreclosure proceedings were reported on 322,103 U.S. properties...
The Mortgage Bankers Association (MBA) called on the Consumer Financial Protection Bureau (CFPB) to postpone compliance deadlines for its Nonbank Registration Regulation, citing concerns over implementation timelines and undue regulatory burden amid a new presidential freeze on pending rules. “The Bureau has a duty to limit regulatory burden and...
As the Clear Cooperation Policy became a nexus of controversy and debate last year, with a plethora of brokers, CEOs and everyday agents across the country weighing in, maybe more notable than any of the folks who spoke out in favor (or against) the policy were those who didn't...
Whenever anyone enters a new job in a new field, there are always tricks of the trade they have to learn—some that may counter their expectations. A 2024 study by the WAV Group found that many consumers aren't well-versed in what the home-buying process entails or the role of...
Any leader who's been in the real estate industry long enough understands how much of a balancing act running a team can be. As the team lead, it's on you to constantly look for ways that you can scale you and your member's current CGI, all while maintaining a...
Persistently high mortgage rates hovering near 7%, coupled with equally high home prices, have created an affordability crisis that many prospective homebuyers and home sellers are intimately familiar with. These market forces have created somewhat sticky market conditions for existing-home sales, in contrast with new-home sales, which new data...
Editor's note: The COURT REPORT is RISMedia's weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Gibson plaintiffs argue to transfer Hooper to Missouri The plaintiffs of the Gibson case have filed a reply in support of their motion to intervene in 1925...
The sheer scope of devastation wrought by the still-not-extinguished fires in the greater Los Angeles area are hard to fathom. While entire neighborhoods of residential homes have literally become scorched earth, and local brokerage leaders have vowed to rebuild, CoStar Group on January 24 released a report detailing the...
Judge Patti B. Saris, presiding over the Nosalek v. MLS PIN lawsuit in Boston, said on January 27 that she is ready to move forward with the case, scheduling a preliminary hearing for April 4. Saris expressed her frustrations with the Department of Justice (DOJ), as the settlement has...
A shortage of inventory remains a market obstacle. One 2024 estimate from Zillow found that the U.S. has a 4.5 million unit deficit. The latest housing report from Redfin also found a recent inventory high can be attributed to many homes sitting unsold. Though this is an issue felt...