News
Largest Credit Union in the US Rejected Over Half of Its Black Mortgage Applicants: Report
These 3 States Are the Most Vulnerable to a Housing Crash: Report
White House Calls for Improvements on Housing Affordability, Pushes for Tax Incentives
EDITOR'S PICKS
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Federal Reserve Cuts Interest Rates by a Quarter Point Following Election, How Could It Affect Mortgage Rates?
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Billionaire Investors Behind Rising Housing Costs, Homelessness in the US: Study
Powder Mountain, the nation's largest ski resort, will see changes amounting to $20 million to its lift infrastructure and organizational model in an effort to reduce crowds and generate income. 
National Housing Affordability Fell in October Amid Soaring Mortgage Payments
The housing affordability index fell to 91.4 in October from 99.0 a year prior. The national housing affordability level fell in October after mortgage rates soared nearly 8% and mortgage payments increased by over 3% compared to the prior month, according to a report. 
California Home Sellers Sue NAR, Brokerages Over Inflating Commissions
A group of California home sellers are suing the NAR and several national brokerages for allegedly artificially inflating the commissions paid to buyer-side brokers. 
Wells Fargo Among Banks Caught in Mortgage Pricing Discrimination Investigation
The Consumer Financial Protection Bureau launched an investigation into how mortgage bankers used pricing exceptions in 2022. 
Real Estate Problem? Why Agents Are Struggling To Pay Office Rents
The rent delinquency rate among real estate agents rose to 45% in November, up from 40% in October. Nearly half of real estate agents in the United States are struggling to pay their office rent amid low sales and a shortage of inventory in the housing market. 
Disney Announces Plans To Build New Residential Development in North Carolina
Sales for homes in Disney's Asteria community are expected to begin in 2027. The Walt Disney Company on Wednesday announced plans to build a new residential community in North Carolina as part of its Storyliving by Disney project. 
Real Estate Broker Allowed To Keep His License Even After Pleading Guilty To Stealing Homes: Report
Real estate broker Michael Bogstead pled guilty to a felony charge related to creating fraudulent deeds and mortgage documents to illegally transfer the ownershipof a property to various entities. 
Jeff Bezos Owns 8 Properties in Seattle, Including 5 That Were Previously Unreported: Report
Jeff Bezos purchased four previously unreported properties for a total of $45 million in 2019. Jeff Bezos, founder of e-commerce giant Amazon, is being linked to eight properties in Seattle, including five previously unreported homes, according to a news outlet. 
2024 Forecast: Real Estate Experts Say Mortgage Rates, Home Sales To Improve Next Year
Real estate experts anticipate the mortgage rates to decline to 6% and home sales to increase to over four million in 2024. 
30-Year Mortgage Rate Drops To Lowest Level in 4 Months
Mortgage rates for the 30-year fixed term dropped to 6% after surging past 8% in October. Mortgage rates, especially for the 30-year fixed term, dropped to the lowest levels recorded since early August.
