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Why it’s too easy to say ‘no’ to new-home development in America

It’s homebuilders’ last push, and their business and channel partners operate through friction on every front. Scarce, costly capital Slow approvals and entitlement drag Workforce constraints and generational handoffs Climate-driven costs and insurance uncertainty Buyer fear, hesitation, and confusi
Read MoreLuxury home sellers offering more creative concessions

Luxury home sellers are offering more and increasingly creative concessions in 2025, according to The Agency’s annual Red Paper, a comprehensive wealth and real estate market report. A survey of The Agency brokers saw more than 60% reporting more concessions this year compared to 2024. “Concessions
Read MoreLouisiana again tops the chart for outbound moves
If the continued slow pace of existing home sales wasn’t enough to convince you that fewer Americans are moving, Atlas Van Lines’ 2025 Migration Patterns Study would like you to consider its findings. Published on Wednesday, the report found that overall mobility in the U.S. is low, which the study
Read MoreFannie Mae, Freddie Mac limit public housing data releases

Fannie Mae and Freddie Mac have curtailed the public release of their economic and housing data, prompting questions about the potential impact to the mortgage market that relies on the data, according to reporting by Inman. Fannie Mae did not release its National Housing Survey in November, marking
Read MoreRedfin defends climate risk transparency after Zillow removes data

While Zillow made waves earlier this week after removing climate risk data, which was supplied by First Street Technologies, from its listings, Redfin has taken a different approach. In a post on LinkedIn, Redfin’s chief economist Daryl Fairweather wrote that her firm had made the choice to continue
Read MoreHousing affordability dominates California gubernatorial race

California has made significant efforts to address housing affordability through numerous new laws under Gov. Gavin Newsom. Candidates seeking to replace the term-limited Newsom, however, act as if little has been accomplished. The laws lacked swift, decisive enforcement to push the affordable goal,
Read MoreSenate Democrats warn CFPB shutdown could disrupt prime interest rates

U.S. Senate Democrats sent a letter to Consumer Financial Protection Bureau (CFPB) acting director Russell Vought raising concerns that any “efforts to shutter the agency” could disrupt the publication of average prime offer rates (APOR), a key benchmark in the mortgage market. The CFPB manually cal
Read MoreFormer CFPB Director Rohit Chopra lands new consumer watchdog role

Rohit Chopra, former director of the Consumer Financial Protection Bureau (CFPB) and a previous member of the Federal Trade Commission, has landed a new job. According to reporting from Bloomberg on Tuesday, a coalition of Democratic state prosecutors called The Progressive State Leaders Committee (
Read MoreBright MLS projects 2026 as reset year, not a rebound
Bright MLS expects the U.S. housing market to enter a transitional period in 2026, with slightly lower mortgage rates and rising inventory offering some relief to buyers but not enough to fuel a full recovery. The nation’s largest multiple listing service (MLS) released its annual forecast Wednesday
Read MorePennymac TPO offers temporary relief on credit report fees

Pennymac TPO is waiving a $99 credit report fee charged at closing for loans submitted through its POWER+ portal in December, the lender announced Wednesday. “Qualified credit report fee waivers will be paid by Pennymac at closing—no action required by the partner,” the company said in a notice to b
Read MoreHomebuilders turn to digital pre-sales to drive buyer confidence

From Want-To to Yes: How Digital Pre-Sales Became the Only Path Forward Buying a new home has never been a “must.” Even when life events prompt people to move, choosing new construction is a want-to decision that depends on confidence and clarity. And that’s true more so now than almost any time in
Read MoreReal estate veteran Steve Simonetti opens REMAX NEXUS

Steve Simonetti entered the real estate industry after being inspired by his father’s journey in as a real estate agent and in purchasing investment properties. Over five decades later, Simonetti is still at it, but recently he has taken on a new role as franchisee. In October, Simonetti, a longtim
Read MoreGreystar to pay $24M, end hidden fee practices under FTC, Colorado settlement

Greystar — the nation’s largest multifamily rental property manager — has agreed to pay $23 million to the Federal Trade Commission (FTC) and $1 million to the state of Colorado. The settlement follows allegations that Greystar misled renters by advertising low monthly prices while adding undisclose
Read MoreHECM endorsements spike in November amid shutdown backlog

Home Equity Conversion Mortgage (HECM) endorsements saw an artificial increase in November due to the federal government shutdown, an effect that may continue into December. Meanwhile, activity in the secondary market slowed down, according to reports released this week. In total, the Federal Housin
Read MoreNorthern Virginia real estate leaders speak on recent inventory surge

Northern Virginia’s housing market saw a dramatic rise in available homes this fall, with active listings climbing 39.4% in October compared with the same month a year earlier, according to HousingWire Data. The region recorded 8,194 active listings in October, up from 5,877 annually — a level of su
Read MoreNevada lawmakers kill bill to limit corporate home buys for rentals

By a single vote, Nevada legislators spared the governor a second time from having to veto a measure that would cap the annual number of residential properties firms could buy and rent out as homes. During a special session, the failed legislation would have given Democratic lawmakers the required
Read MoreMetroList, Calaveras County Association of Realtors partner

Northern California’s largest MLS MetroList is partnering with Calaveras County Association of Realtors (CCAR) to expand its footprint and provide more tools and technology to CCAR members. The two announced their partnership on Tuesday. Through the partnership, CCAR members now have access to Metr
Read MoreZillow removes climate risk data from listings after MLS concerns

Zillow has begun removing climate risk data from listings on its site. The New York Times, which first reported the move, said Zillow began removing the data, which was provided by First Street Technology, in mid-November. According to The Times, Zillow removed the data after the California Regiona
Read MoreMortgage rates expected to hold firm even with another Fed cut on the horizon
Mortgage rates remain in a holding pattern at the start of December and the general consensus among market experts is that little will change even if the Federal Reserve implements another interest rate cut next week. Mortgage News Daily reported that 30-year fixed-rate mortgages averaged 6.31% on M
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