LA area rental market under strain as fire victims look for housing

Victims displaced due to the Los Angeles wildfires are straining Southern California’s already tight real estate and rental markets, according to a report from Homes.com. The report, published on Wednesday, found that nearly all two-bedroom rentals from Santa Monica and Marina del Rey to Manhattan B
Read MoreWhere things currently stand in Trump’s confusing flurry of federal funding memos

The federal funding freeze has melted — or has it? The Trump administration circulated a new memo Wednesday morning that rescinds a previous memo released on Monday that put a sweeping funding freeze on federal grants and foreign aid.However, White House Press Secretary Karoline Leavitt tweeted late
Read MoreNo surprise: Fed holds rates steady

The Federal Reserve on Wednesday paused its recent string of interest rate cuts, holding benchmark rates steady at a range of 4.25% to 4.5%. The move was widely expected considering recent employment and inflation data showing that the U.S. economy continues to run hot.Market analysts were nearly un
Read MoreThe best real estate closing gifts for 2025

Real estate closing gifts personalize and ultimately strengthen the relationship between you and your client, which can lead to a string of referrals. We curated some standout closing gift ideas for buyers and sellers and assembled this guide to help you navigate the closing gift process. We’ve incl
Read MoreConcierge Auctions and Luxury Presence team up on marketing

Luxury real estate auction house Concierge Auctions has entered a co-marketing partnership with proptech startup Luxury Presence, announced today.The collaboration offers Luxury Presence’s clients the ability to promote upcoming auctions, in addition to using the Concierge Auctions platform as a too
Read MoreDunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending, a nonagency mortgage lender owned by funds managed by Apollo Global Management. Dunmor CEO Franck Ruimy spoke with HousingWire‘s Sarah Wolak on why he anticipate
Read MoreTexas, Arizona lead boom of new build-to-rent homes

The build-to-rent portion of the housing market is in full swing in early 2025. Over 110,000 single-family rentals (SFR) are under construction in the U.S. — and two states are leading the way.That finding comes from a report released this week by Point2Homes, a real estate listing portal for rental
Read MoreWalletHub says these are the best states for retirees

Personal finance website WalletHub this week released its rankings of the best and worst states to retire in 2025. It determined that Florida, Minnesota and Colorado are the friendliest states for retirees, while Mississippi, Louisiana and Kentucky are at the opposite end of the spectrum.The company
Read MoreMr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?

Nationstar Mortgage — currently doing business as Mr. Cooper — has agreed to settle a lawsuit which alleges that the company violated mortgage servicing laws and forced borrowers into foreclosure.Attorneys general and mortgage regulators in 50 states, as well the District of Columbia, agreed to a se
Read MoreFederal hiring freeze could impact the rollout of HMBS 2.0, former Ginnie Mae head says

The recent executive actions of President Donald Trump could impede the implementation date of Ginnie Mae’s new complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program — but not in the way you might think.The president did hand down an order aiming to freeze outstanding
Read MoreMortgage rates decline slightly, but help from the Fed isn’t coming
Mortgage rates have been static in the first month of 2025. The long-term costs of a home loan are keeping borrowers on the sidelines as rates have been above 7% since Christmas — the longest such stretch since July 2024 when they were in the middle of a long and steady decline.But lenders and borro
Read MoreMemo mixup: Trump calls for freeze of 100 HUD programs, then denies it

Editor’s note: This story has been updated with further information released by the Trump administration, as well as statements from the Mortgage Bankers Association and the Federal Housing Administration.The Trump administration caused confusion across numerous industries on Tuesday morning when it
Read MoreThe LA wildfires are a reminder of the cost burden of reconstruction
Catastrophic weather events in the U.S. are reshaping insurance premiums and real estate markets, which will inevitably drive up costs and worsen affordability.Notably, hailstorms, the devastating wildfires in California and hurricanes in the Gulf Coast are reminders of the cost burdens associated w
Read MoreBob Broeksmit outlines MBA priorities under Trump administration

Against the backdrop of a new presidential administration and a new Congress, Mortgage Bankers Association President and CEO Bob Broeksmit laid out the trade group’s priorities during the opening session of the MBA’s IMB25 conference Monday. First on the list? A smooth exit from conservatorship for
Read MoreWhy new-home sales are disappointing, despite beating estimates
Today’s new home sales report beat market expectations, just like last week’s existing home sales report. However, a detailed analysis of the data explains why housing permits continue to remain at recession-level figures. Builders are struggling to get clarity on how many homes they can sell in thi
Read MoreWill we see home prices decline in 2025?
Recently, we’ve shared that the inventory of unsold homes is growing. In recent weeks, home sales also faltered in the face of 7% mortgage rates. Now we’re noticing some signals in the data that national home prices could turn negative this spring, showing year-over-year home-price declines for the
Read MoreCFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity. At the ti
Read MoreMLS PIN preliminary settlement approval hearing set for April

After 16 months of back and forth, Judge Patti B. Saris has made it clear that she is ready to move on from the Nosalek commission lawsuit.During a hearing on Monday, Saris announced that she was scheduling the preliminary approval hearing for the settlement agreement reached in June 2023 between th
Read MoreIndigo secures $8M in funding for expansion in 2025

Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to real estate agents.Pete Flint at venture capital firm NFX, Clelia Warburg
Read MoreRemodeling industry could benefit from focus on aging in place

Members of the U.S. home remodeling industry report that while market conditions are stalling larger-scale remodeling projects, consumers seeking remodeling work are focused on efforts that could serve to increase home values and to “future-proof” homes for later life and aging in place.This is acco
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