Shared equity platform Point to launch down payment product

New offering will provide up to 15 percent of a home’s purchase price to put toward a down payment, helping buyers qualify for pricier homes and avoid private mortgage insurance. Continue reading

Airbnb declares ‘new world of travel’ as bookings surge in Q1 earnings

The short-term rental platform posted a $19 million net loss for the first quarter of 2022, a significant improvement over the same period last year, according to earnings released Tuesday. Continue reading

The Agency acquires Triplemint, raises $35M

The deal and funding come amid rapid expansion for Los Angeles-based The Agency. And the firm plans to use the new money to grow even more. Continue reading

Mr. Cooper lays off originators while mortgage servicing business booms

Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Continue reading

Judge halts commission-sharing case alleging inflated buyer costs

Unlike two federal cases that claim seller costs are inflated by commission sharing, New Jersey homebuyer’s lawsuit argued that buyers are the ones unfairly impacted. Continue reading

Real estate isn’t a piece of cake. So why are we selling that lie?

Why are so many real estate professionals obsessed with messaging that pretends great real estate service is “quick and easy”? According to Compass’s Leonard Steinberg, it’s time to change the narrative. Continue reading

Secondary markets drove home price growth in Q1: NAR

The National Association of Realtors’ latest quarterly report revealed buyers’ search for cheaper housing led booming home price growth in Florida and other smaller markets. Continue reading