With the future of Fannie Mae in flux due to President Trump’s stated desire to potentially privatize it, CEO Priscilla Almodovar stepped down as the head of the mortgage giant on Oct. 22, with Peter Akwaboah, Fannie Mae’s current COO, appointed to the additional role of acting CEO of Fannie Mae, according to William J.…
Affordability continues to be at the forefront of everyone’s mind, as the U.S. housing market steadies but remains more expensive compared to pre-pandemic conditions. As the 30-year fixed-rate mortgage (FRM) has fallen from recent highs—clocking in around the low-6% range—potentially making homeownership more affordable, U.S. cities are also some of the most renter-friendly worldwide. A…
Prior to the summer of 2024, home sellers were typically responsible for paying the commission for both their own agent and the buyer’s agent, and both sides of the transaction usually involved a traditional full-service agent. Agent commissions also remained (somewhat) consistent, generally hovering around 5% – 6% of a home’s sales price. Following the…
In the latest RISMedia webinar—“Growth Through Acquisitions: Strategies to Scale Smarter, Faster”—Founder and CEO John Featherston led an engaging discussion with panelists Anthony Lamacchia, broker/owner and CEO of Lamacchia Realty and Lamacchia Companies, including Lamacchia Property Management, Lamacchia Property Development and Crush It in Real Estate, and Parker Pemberton, CEO of PembertonRE, on how mergers…
The dry spell for mortgage applications is showing signs of recovery as consecutive weeks of decreasing activity slows significantly. The Mortgage Bankers Association (MBA) reports that the market composite index—the measure of mortgage loan activity volume—decreased 0.3% on a seasonally adjusted basis for the week ending Oct. 17. For the week prior to this, the…
Much like you as an agent, your listings only get one chance to make a good first impression. Standing out in the real estate market takes more than just a great property. It takes strategic, visually compelling media that not only grabs attention, but also holds it long enough to spark real interest and action.…
Revive, a renovation company, has announced the launch of Revive AI, a free artificial intelligence-powered platform for real estate professionals. The product, previously known as Revive Vision AI, has been renamed to reflect its broader functionality. The brand says these major changes will help agents generate more leads, engage clients more effectively and deliver a…
HomeSmart has announced a national marketing agreement with Lower Mortgage, a tech-enabled mortgage lender. The company says this collaboration is designed to provide its expansive network of agents with direct access to Lower’s mortgage solutions creating a seamless experience for agents, buyers and homeowners nationwide. Through this agreement, Lower and HomeSmart will jointly roll out…
Homes.com and CoStar Group have become embroiled in another lawsuit, this time as the defendants, over an alleged breach of contract. REcore Solutions LLC—the vendor who provides licensing services for California Regional Multiple Listing Service (CRMLS) and other MLSs—announced it has filed a lawsuit in San Bernardino County against Homes.com and its parent company CoStar…
eXp Realty® has announced the official launch of eXp Sports & Entertainment, a new division within eXp Luxury that the company says is designed to define the standard for and elevate real estate service for high-profile clientele. The announcement was made at eXpcon Miami, the brand’s real estate conference. The new division equips certain agents…
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