Industry News

The number of U.S. homebuyers dropped 1.7% to the lowest level on record, aside from the start of the pandemic, amid high housing costs and economic uncertainty, while the number of sellers dropped 0.5% as sellers retreated in response to low buyer demand

Office of Management and Budget official has been nominated by the Trump administration as director of the Consumer Financial Protection Bureau for a five-year term

Home sales and new listings were little changed month-over-month, as Americans continue to grapple with high costs and economic uncertainty

Bringing nearly 20 years of experience to the company’s C-Suite, Von Maharaj will help lead NEXA on the path toward expansion and provide strategic insight to its leadership team

New research from Zillow shows that 53% of all U.S. homes have lost value since last year — the highest share since 2012, the tail end of home value declines after the Great Recession

Proposal outlines a market-driven approach to enhance shareholder value, preserve mortgage affordability, and facilitate a controlled exit from conservatorship

PHH has agreed to sell reverse mortgage servicing rights, comprised of approximately 40,000 Ginnie Mae HECM loans, with an unpaid principal balance of $9.6 billion, as PHH becomes the subservicer for the reverse MSRs under a three-year agreement

Following a 40-plus-year career with the home builder, Jon Jaffe is set to retire and be replaced by Stuart Miller, who will continue to serve as executive chairman and CEO of Lennar

An examination of Q3 activity reveals that home sellers are finding it harder to sell at the price they want, therefore inventory is accumulating and investors are taking advantage of this opportunity for discounts