Lower mortgage rates at the end of 2025 prompted a refinance rush among current homeowners, helping boost prepayment rates to their highest level in three years, according to a new report from ICE Mortgage Technology. The monthly mortgage prepayment rate rose to 0.91% in December, just below the 3.5‑year high set in October, ICE reported…
With predictions flooding in left and right from real estate economists suggesting that 2026 will be an improved year for housing, recent data from ATTOM supports this view—showing that home sale trends that began in 2025 will pave the way toward normalization in the market throughout 2026. ATTOM’s Year-End 2025 U.S. Home Sales Report found…
How many remodeling referrals should agents expect to hand out to past clients this year? According to the Harvard University’s Joint Center for Housing Studies (JCHS) latest update to its Leading Indicator of Remodeling Activity (LIRA), spending on remodeling is expected to grow, but slow down gradually, as the year goes on. The current year-over-year…
Above, Fed Chair Jerome Powell The Federal Reserve has announced its interest rates will remain unchanged during its Jan. 28 meeting. This follows three straight rate cuts from the prior three Federal Open Market Committee (FOMC) meetings of 2025. The FOMC announced at its first meeting of 2026 that it has kept interest rates at…
The LGBTQ+ Real Estate Alliance has filed a First Amended Complaint against former CEO Ryan A. Weyandt in the U.S. District Court for the District of Minnesota, seeking substantial damages across eight counts, and claiming he misappropriated the organization’s valuable 10,000-member customer list and engaged in a pattern of false statements designed to damage its…
A federal class-action complaint filed in the U.S. District Court for the Central District of California on Jan. 16 accuses MC James Mortgage Corp, doing business as Liberty Financial, of violating the Telephone Consumer Protection Act (TCPA) by placing unsolicited prerecorded calls promoting loan products. The suit, brought by Illinois-based David Torres on behalf of…
As the corporate infighting continues between CoStar Group and billionaire investor Daniel Loeb’s hedge fund Third Point, with Third Point on Jan. 27 announcing it would seek to replace a majority of CoStar’s eight-person board, CoStar responded with a lengthy statement released on Jan. 28 highlighting new planned initiatives. “The CoStar Group Board of Directors…
Above: “Hoby” Hanna IV (left) and Art Herling (right) Howard Hanna Real Estate Services has entered the Philadelphia market through a partnership with longtime team leader Art Herling. According to the company, the move strengthens the company’s presence in Pennsylvania and extends its agent-first model into one of the region’s biggest real estate markets. “This…
The real estate industry is viewing 2026 with hearts full of hope. After a challenging few years since the pandemic, the housing market is due for a rebirth. Economists’ predictions across the board have shown a better future on the horizon, and Bright MLS Chief Economist Lisa Sturtevant is one of them. In her opinion,…
Billionaire investor Daniel Loeb’s hedge fund Third Point has launched a proxy fight against CoStar Group, nominating multiple directors to the company’s board and demanding the real estate giant exit its residential business entirely. In a letter released this morning, Third Point announced it would seek to replace a majority of CoStar’s eight-person board, marking…
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