On the heels of a dismal January existing home sales report, mortgage rates holding steady around 6% for weeks brings brighter news in the form of increased confidence for some home shoppers who’ve been sitting on the sidelines, experts say, although affordability still remains a challenge. The latest Primary Mortgage Market Survey® (PMMS®), released by…
Despite the single-digit temperatures and icy sidewalks in Worcester, Massachusetts, last week, the crowd gathered at the DCU Convention Center was fired up. “The people who show up here are the real do-ers.” That’s how Anthony Lamacchia, CEO and owner of Crush It In Real Estate and Lamacchia Realty, described the standing-room-only crowd of more…
Slow inventory recovery, coupled with major snowstorms across half of the country, put a massive halt on existing-home sales in January, according to the latest data from the National Association of Realtors® (NAR). NAR’s Existing-Homes Sales report for January found that sales fell 8.4% to a rate of 3.91 million, a large reversal from last…
Housing affordability is an issue to be tackled from many directions; which ways are on lawmakers’ radar? The House Financial Services committee (which covers the real estate sector) provided insight into that during a hearing Tuesday on rising housing costs, titled “Priced Out of the American Dream.” Those giving testimony at the hearing, where discussion…
Applications for home loans remained essentially flat this week, declining slightly along with the refinance share of total mortgage activity, while experts note an uptick in government-backed loan applications is an indicator of ongoing affordability challenges. According to the latest Mortgage Bankers Association (MBA) report, the Market Composite Index—the measure of mortgage loan activity volume…
On the heels of the decision from the Federal Reserve’s Open Market Committee (FOMC) to hold interest rates steady, the latest Bureau of Labor Statistics data appears to support the decision as jobs and unemployment saw improvement in January. The latest Employment Situation Summary—aka the jobs report—saw the U.S. add 130,000 jobs in January, and…
Fresh from its dramatic victory in federal court on Feb. 6, in which U.S. District Judge Jeannette Vargas of the Southern District of New York denied a request by Compass to block its new listing rules, the Seattle-based portal giant announced in a report Feb. 10 that earnings for Q4 2025 and for the full…
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As Compass moves forward following the closing of its industry-shaking acquisition of Anywhere, the brokerage’s founder and CEO announced that Neda Navab, his former chief of staff and most recently leader of brokerage operations, has been appointed the new president of Compass Real Estate. With the company reorganizing to absorb Anywhere and Reffkin taking the…
State legislatures across the U.S. have been seeing new bills that would restrict private real estate listings, with mandates that such listings also be publicly marketed. Wisconsin enacted such legislation in December 2025 (to take effect in January 2027), while another bill of this nature is under consideration in Washington state. Now, the Illinois legislature…
The House of Representatives has announced the passage of H.R. 6644, known as the Housing for the 21st Century Act, and the industry has reacted with positivity and now look to the Senate for further action. The Housing for the 21st Century Act is a comprehensive, bipartisan legislative package that aims to increase housing supply…
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