HUD to lay off approximately 4,800 employees under Trump plan

The U.S. Department of Housing and Urban Development will eliminate half of its workforce as part of the Trump administration’s latest effort to reduce federal costs, it announced Thursday. Continue reading

Realtor.com moves headquarters from Santa Clara to Austin, Texas

Six years after opening an office in Austin, Realtor.com is making the space its new headquarters. The company said it has more than 400 employees in Texas and now plans to add “hundreds more.” Continue reading

Stephen Kotler steps down as Western Region CEO at Elliman

Kotler has been with Douglas Elliman for more than 30 years, and will now return to work in sales alongside his brother and son on the Kotler Team in New York City following a tumultuous period for western operations. Continue reading

LoanDepot partners with factory homebuilder Onx Homes

With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot’s purchase loan business. Continue reading

Will HUD Secretary Scott Turner be good for housing?

Broker and former U.S. Senate legislative correspondent Cara Ameer offers issue-by-issue analysis of the confirmation hearing for Scott Turner, newly confirmed as HUD Secretary. Continue reading

Climate change reshapes real estate, putting $1.5T in value at risk

Climate change has shaken up the U.S. real estate market, with buyers no longer simply seeking better quality of life or affordable housing — but also considering climate risks before purchases. Continue reading

Cash offer pioneer Evergreen Home Loans expands to Southeast

Partnerships with real estate agents and builders laid the groundwork for the foray into Florida, Georgia, North Carolina, South Carolina and Tennessee led by former Guild Mortgage exec John Porath. Continue reading

Ted Cruz aims to defund CFPB with implications for lender oversight

Although the agency was created by Democrats in an effort to protect consumers from abusive financial practices, it has continued to be viewed by Republicans as an unchecked power Continue reading

Broker alleges NAR rules ‘forced’ her to pay for inactive agents

In an updated antitrust complaint, a broker takes aim at NAR’s three-way agreement and other membership rules. Continue reading

Former HUD Secretary: We need big ideas on affordable housing

At her first ICNY appearance, former HUD Acting Secretary Adrienne Todman talked about missed opportunities to improve inventory and why it’s will — not funds — keeping the U.S. from solving the affordable housing crisis. Continue reading