Author name: developer

Wells Fargo Faces HUD Probe Over Efforts To Boost Black Homeownership The Department of Housing and Urban Development is probing Wells Fargo to determine whether its efforts to boost Black homeownership violate fair-housing laws. HUD sent a letter to Wells Fargo CEO Charlie Scharf stating that it would examine whether the mortgage giant violated fair-lendingRead …

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L.A.’s Mansion Tax Cost City 9,000 New Homes as Builders Pulled Back, Study Finds Pitched to voters as a tax on the wealthy to fund much-needed affordable housing, Los Angeles’ controversial “mansion tax” has instead cost the city over 9,000 new housing units, 16,500 construction jobs, and $452 million in lost municipal revenue. That isRead …

L.A.’s Mansion Tax Cost City 9,000 New Homes as Builders Pulled Back, Study Finds Read More »

Florida’s Affordability Advantage Is Gone: Inside the Sharp Drop in East Coast Migration to Miami For decades, South Florida drew waves of retirees and working families from high-priced East Coast cities with the promise of cheaper living, but today that affordability advantage is gone. Soaring expenses have caught would-be movers’ attention, triggering a sharp dropRead …

Florida’s Affordability Advantage Is Gone: Inside the Sharp Drop in East Coast Migration to Miami Read More »

The Post-it Note Inheritance Trend—and the Family Fights It Can Leave Behind Years before Marilyn Boysen died, she devised a simple way of figuring out which of her belongings her daughters wanted to keep: She asked them to put sticky notes on them. Versions of the ritual have been depicted in TV shows like “GilmoreRead …

The Post-it Note Inheritance Trend-and the Family Fights It Can Leave Behind Read More »

You’re publishing content, updating your website, sending emails, and showing up on social media. But if those efforts aren’t generating inquiries, engagement, or a clear sense of what’s working, it may be time to rethink your approach. A strong real estate online marketing strategy should help potential clients find you, understand what you offer, andRead …

5 signs your real estate online marketing strategy needs a reset Read More »

As Boomers Start Turning 80, Their Contribution to Housing Demand Is Starting To Wane The oldest baby boomers will begin turning 80 this year, marking a major milestone that will have implications for the housing market for years to come. The number of households headed by baby boomers declined by 3.5 million between 2015 andRead …

Silver Tsunami of Aging Boomers Will Dampen Housing Demand, Study Finds Read More »

What happened to mortgage rates this week? The Freddie Mac 30-year fixed-rate mortgage climbed 25 basis points to 7.28% this week, reaching its highest level in nearly 3 years. This jump is the largest weekly increase since October 2022. The 10-year Treasury yield hit its highest level in roughly 20 years as markets weighed oilRead …

Mortgage Rates Jump to Highest Level in Nearly Three Years Read More »

Tulsa Housing Fund Commits $14 Million to 563 Affordable Homes Across City Tulsa’s first affordable housing dollars from the Improve Our Tulsa 3 bond package are now flowing to real projects, with $18.845 million in housing funding across six developments totaling 563 units—and the city is targeting 1,300 units with committed financing before the yearRead …

Tulsa Housing Fund Commits $14 Million to 563 Affordable Homes Across City Read More »

Washington, DC Foreclosures Are Climbing—Here Is How Smart Buyers Can Capitalize Next A new report from Realtor.com® is tracking the recent path of foreclosures, shedding light on what happens when these homes become Real Estate Owned (REO). These properties are then listed by banks on various online platforms and multiple listing services, often creating aRead …

Washington, DC Foreclosures Could Soon Unlock Discounted Homes for Buyers Read More »

The Fed’s Favorite Inflation Metric Just Hit 3%—Cooling Urgency for Rate Hike A key inflation gauge closely tracked by the Federal Reserve cooled more than anticipated last month even as consumer spending rose, casting doubt on further interest rate hikes this year. The core Personal Consumption Expenditures (PCE) index, which strips out volatile food andRead …

The Fed’s Favorite Inflation Metric Just Hit 3%-Cooling Urgency for Rate Hike Read More »