Fed Vice Chair Michelle Bowman supports July interest rate cut

After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July.In a sp
Read MoreThe concerning math behind aging-in-place

Though more than half of Americans believe Medicare will cover long-term care expenses (58%), coverage is actually limited and short-term. Many families will need to adapt to rising healthcare costs, and it is a particular challenge as they seek to age-in-place in their home.That’s according to insu
Read MoreNo hacks, just hustle: The truth about real estate success

I’ve been in this business long enough to know the truth that most agents don’t want to hear: The road to real estate success isn’t paved with hacks or shortcuts. It’s built on consistency, accountability, and the willingness to do what’s hard, especially when you don’t feel like it.So let’s talk ab
Read MoreHow will mortgage rates react to US bombing of Iran?
On Saturday night, the U.S. bombed Iranian nuclear sites, sending shockwaves around the world and leading people to ask me what this means for mortgage rates. This type of global event can lead to significant market movements in oil prices, the U.S. dollar and the 10-year yield in the short term. Ho
Read MoreNew listings slowdown shows lack of home seller stress in 2025
The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing
Read MoreTech Pulse: Longbridge talks AI senior inclusivity, UWM details lending advancements

Welcome back to Tech Pulse — a new weekly series rounding up the latest in technology, including tools, integrations and trends that impact mortgage and real estate.Here’s what happened this week:Longbridge’s Bill Packer on crafting AI that’s inclusive of seniorsAs AI becomes more common in financia
Read MoreTitle tech firm Dono appoints revenue head

Dono, a company that offers artificial intelligence (AI)-based tools for title production, has appointed industry veteran Anthony Nalbone as its new head of revenue.Nalbone, who brings more than two decades of experience in the title insurance sector, joins Dono following a series of leadership role
Read MoreRedfin, Thumbtack partner to connect homeowners with improvement pros

Redfin has launched a new feature in partnership with home services provider Thumbtack to help homeowners find and hire professionals for home improvement and maintenance projects.By claiming their property on Redfin and visiting the Owner Dashboard, homeowners can now access a range of services — i
Read MoreALTA promotes trio to bolster advocacy efforts

The American Land Title Association (ALTA) has announced three internal promotions as part of a broader effort to strengthen leadership and advocacy across the title insurance industry.Elizabeth BlosserElizabeth Blosser has been named as chief strategy, communications and innovation officer. She for
Read MoreNorth Carolina real estate office reopens after Hurricane Helene devastation

Premier Sotheby’s International Realty has reopened its office in Asheville, North Carolina, marking a significant milestone in the region’s recovery from Hurricane Helene.The real estate agency, which was severely damaged in the storm, underwent extensive restoration over the past nine months. Its
Read MoreThe importance of meeting older customers where they are with AI technology

The expanding ubiquity of artificial intelligence (AI) across all facets of life is not showing any signs of a slowdown — and that includes its interactions with the reverse mortgage industry. Bill Packer, chief operating officer of Longbridge Financial, previously explained how senior-focused tailo
Read MoreWithout VASP, veterans don’t have a foreclosure safety net

There are about 80,000 veterans in the U.S. who are behind on their mortgages and heading toward foreclosure, according to data from ICE Mortgage Technology, a number that could have been alleviated with help from the Veteran Affairs Servicing Purchase (VASP) program.But just last month, the program
Read MoreNetflix-featured real estate agent killed in hit-and-run

A New York real estate agent known for her appearance on Netflix’s “Million Dollar Beach House” was killed in a hit-and-run Thursday afternoon in the Hamptons, according to local reports.Sara Burack, 40, was found unconscious on a Hampton Bays road on Thursday afternoon. Authorities said she was pro
Read MoreTop agents on how they built successful revenue share downlines

Real estate brokerages with revenue share models provide agents with a way to generate income beyond closing transactions with their own clients. But when it comes to creating a robust revenue-share downline, agents at two revenue share brokerages — eXp Realty and The Real Brokerage — say there is n
Read MoreRedfin data reinforces boomers’ desires to remain in their homes

Adding fuel to what the baby boomer generation has been consistently saying for some time, a new Redfin survey shows that one-third of all boomer homeowners have no intention of selling their home. This further legitimizes claims that a “silver tsunami” of housing inventory is unlikely to materializ
Read MoreFHFA Director Bill Pulte calls on Fed Chair Powell to resign
FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post.This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointe
Read MoreTrump wants Powell to lower rates. Here’s how to do that
Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way to do it?As
Read MoreHome flipping activity slows nationwide as profits tighten

The U.S. home flipping market showed signs of strain in the first quarter of 2025 as the number of flipped properties dropped to a six-year low and profit margins continued to erode, according to ATTOM’s Q1 2025 U.S. Home Flipping Report.A total of 67,394 single-family homes and condominiums were fl
Read More15 commission lawsuit settlements are up for final approval next week

Commission lawsuit settlement agreements from 15 real estate industry players, including major names like Keyes Co./Illustrated Properties, Side, JPAR, NextHome and Baird & Warner will be up for final approval on Tuesday, June 24.The fifteen settling defendants, which come from the Gibson and Keel s
Read More‘Feelings-based recession’: More Americans fearful of finances despite economic data

A rising tide of financial pessimism is washing over U.S. consumers, driven by concerns about inflation, global instability and a lack of economic clarity. At the same time, a solid majority of Americans remain optimistic about their financial future, according to TransUnion’s Consumer Pulse Study f
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