HUD: Appraisal that erased $220K in home value was discriminatory

Appraisal management company Solidifi and lending giant Rocket Mortgage are also charged with violating the Fair Housing Act. Rocket says it expects to prevail. Continue reading

Engel & Völkers expands brand with new Portland, Oregon, office

Engel & Völkers has entered the Portland, Oregon, market with the opening of its new location, Engel & Völkers Portland Rose City, the firm announced today. Continue reading

President Biden’s 5% rent cap falls flat with industry leaders

President Biden proposed the idea of a 5 percent rent cap for corporate landlords with at least 50 units on Tuesday. However, industry leaders say caps rarely result in lower housing costs for renters. Continue reading

Elevated mortgage rates drive homebuilder confidence downward

Homebuilders exhibited little optimism as the housing market showed little improvement month-to-month, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. Continue reading

RealScout inks enterprise deal with Sotheby’s International Realty

Nine months after signing an enterprise deal with Anywhere, California-based proptech leader RealScout has extended its reach to include Sotheby’s International Realty’s company-owned locations. Agents at SIR’s company-owned locations will have full ac… Continue reading

Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers

3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study. Continue reading

Consumer watchdog develops new standard to assess buyer contracts

After brokerages and MLSs reached out, the Consumer Federation of America created criteria focused on whether agreements are readable, understandable, and fair to buyers. Continue reading

27 resources you’ll need to be ready for the Aug. 17 transition

Consider this a resource roundup to guide you through the changes you’ll make, the client conversations and even the mindset shifts that are necessary right now. Continue reading

Commission Crunch: 5 tips to avoid scrutiny and remain in compliance

Clients are watching you now more than ever, compliance expert Summer Goralik writes. Find out how to implement best practices now, so you can avoid complaints during upcoming industry shifts. Continue reading

4 ways homesellers can maximize their home’s appraisal value

Fair housing expert Dr. Lee Davenport says that your low appraisal may have nothing to do with the lack of landscaping. Continue reading