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Hometown Lenders’ national expansion collided with rising rates

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In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20 million in tax credits and clawing back $1 million from warehouse lenders. Continue reading →

Luxury real estate auctioned at Sotheby’s London for first time

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On May 30, for the first time in its 280-year history, Sotheby’s London saleroom hosted an auction at which luxury real estate was exhibited. The headline auction item was a Hudson Valley castle. Continue reading →

Compass recruits top-performing Redfin agent in Washington

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Hal Bennett is based in the Seattle metro area. He joins Compass as brokerages continue to compete for top agent talent. Continue reading →

Mortgage rates retreat as wave of data suggests economy is cooling

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In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a five-day tailspin. Continue reading →

Derek Jeter finds buyer for New York castle after 6 years

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Located 50 miles from Manhattan in the town of Greenwood Lake, New York, Tiedemann Castle has seen $8 million in discounts since it was first listed in 2018. Continue reading →

The Great Renovation is set to refresh aging US home inventory

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The Great Renovation is already in process. Author Bernice Ross and New Western’s Kurt Carlton discuss how it can solve our inventory problems by breathing new life into America’s aging and abandoned vacant homes. Continue reading →

Locked & Loaded: How the lock-in effect is impacting US consumers

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Homeowners with at least a 5 percent mortgage rate are three times more likely to enter the market soon as those with a sub-3.5 percent rate, according to results from Inman-Dig Insights’ latest consumer poll. Continue reading →

RealScout becomes LeadingRE’s newest preferred vendor

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California-based proptech leader RealScout has become Leading Real Estate Companies of the World’s newest Solutions Group program member, according to an announcement on Wednesday. LeadingRE member brokers who register for a new RealScout account throu… Continue reading →