Homebuyers jump at lower mortgage rates, but will they last?

Purchase loan applications have surged for two weeks in a row, but rates for conforming mortgages are inching back up toward 7 percent this week as investors weigh the odds of Fed rate cuts. Continue reading

Former NAR employee seeks $1M in new lawsuit alleging retaliation

Roshani Sheth, a former product manager for the Realtors Information Network, filed suit after an Equal Employment Opportunity Commission probe into her racial and sexual harassment claims. Continue reading

Eklund | Gomes brings homebuyer in priciest NYC deal since 2022

A penthouse at Central Park Tower on Manhattan’s Billionaires’ Row has sold to an unidentified international buyer for $115 million, making it the first residential sale in New York City over $100 million since 2022. Continue reading

CoStar Group taps Christian Lown of Freddie Mac as new finance chief

Freddie Mac Executive Vice President and Chief Financial Officer Christian Lown will be taking his talents to CoStar Group in July, executives announced. Lown departs Freddie Mac on June 28. Continue reading

Former Google CEO Eric Schmidt sells Silicon Valley home at $22.5M

Schmidt and his wife, Wendy Schmidt, bought the home in 1990 for $2 million and gradually expanded the estate over about 20 years, adding neighboring parcels, a guest house and a green house. Continue reading

Housing starts plunge 5.5% in May as homebuilders act with caution

Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 —  19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday. Continue reading

Inside Real Estate folds kvCORE as part of major rebrand as BoldTrail

Parent company Inside Real Estate will carry the BoldTrail name in a range of iterations as they roll out this summer. The new moniker is meant in impart that real estate isn’t for the faint of heart. Continue reading

Knock integrating bridge loans into partners’ prequal processes

NFM Lending is the first to take advantage of Knock API integrations, which let loan officers know if homebuyers can tap the equity in their existing home and buy before they sell. Continue reading

Maintaining and growing 7-figure teams in a changing market

The “River of Real Estate” continues to flow, even in a challenging market. Coach Verl Workman offers insights for growth and resilience under any circumstances. Continue reading