Middle East and Asia drove global residential luxury growth last year

Despite global uncertainties, many investment opportunities exist for the wealthy in today’s market, Douglas Elliman and Knight Frank’s The 2025 Wealth Report shows. And they continue to be interested in real estate. Continue reading

Homebuyers and homeowners jump on big drop in mortgage rates

Requests to refinance surged 37 percent last week and were up 83 percent from a year ago after the biggest one-week decline in mortgage rates since November, the MBA’s latest weekly lender survey shows. Continue reading

Democrats weighing government shutdown to protest DOGE cuts

As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to federal workforce and programs. Continue reading

Trump orders boost in US timber production, foreign lumber probe

President Donald Trump on Saturday signed an order aimed at increasing U.S. timber production and launched an investigation into the risks that foreign lumber imports pose to national security. Continue reading

Agents are less confident about client pipelines, but positive overall

Preliminary results from February’s Intel Index survey show agents pulling back slightly from the confidence they had in recent months about buyer and seller client pipelines improving in the next year. Continue reading

Inflation is cooling. But is the economy about to crash?

After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading

Florida housing market hits record inventory, Redfin says

Florida wrapped up the first month of the year with a record-breaking number of homes for sale, according to Redfin’s latest data analysis. At the end of January, there were 172,209 homes on the market, the most Florida has ever seen. That’s a 22.7 per… Continue reading

Rocket Homes off the hook as Trump’s CFPB drops lawsuits

RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed “without prejudice” by CFPB’s new leadership. Continue reading

Redfin on the upswing after Zillow deal despite widening Q4 losses

Redfin posted double-digit revenue growth for Q4 and FY 24 on Thursday. The company’s $100 million Zillow rental syndication deal has opened the door for greater advertising spend, CEO Glenn Kelman said. Continue reading

Opendoor saw rising losses in Q4, but managed to boost revenue

The iBuyer’s $1.1 billion in Q4 revenue wasn’t enough to offset a loss of $113 million. However, CEO Carrie Wheeler said the company entered 2025 as “a leaner, more efficient business.” Continue reading