Younger homebuyers turn to social media, AI and each other

Faced with high housing costs, economic instability and declining trust in traditional lending institutions, younger generations are redefining how they approach homeownership.A newly released NextGen Homebuyer Report — compiled by National Mortgage Insurance and financial literacy nonprofit FirstHo
Read MoreWhich is better for mortgage — FICO or VantageScore?

VantageScore and FICO have escalated their rivalry in the mortgage space following the Federal Housing Finance Agency’s (FHFA) decision to allow Fannie Mae and Freddie Mac to purchase loans underwritten with VantageScore 4.0 as an alternative to the Classic FICO score. Both companies published analy
Read MoreMutual of Omaha expands proprietary reverse mortgage offering to more states

After launching a new proprietary loan product this spring, one of the nation’s leading reverse mortgage lenders has expanded the offering this week to more states.Mutual of Omaha Mortgage announced on Friday that its SecureEquity+ product, which became available in April to eligible California and
Read MoreHomebuilding declines are deepening as headwinds get stronger
New-home sales have been a relative bright spot in an otherwise stagnant housing market. But that’s changing and homebuilders recognize it.According to June 2025 data released Friday by the U.S. Census Bureau, single-family home construction is down year over year at every stage of the process. This
Read MoreJudge dismisses Maryland appraisal discrimination case and defamation countersuit

A federal judge has dismissed the claims of both the plaintiffs and defendants in an appraisal discrimination lawsuit that garnered national attention when it was filed in 2022.Nathan Connolly and Shani Mott — Maryland homeowners who are Black — sued appraiser Shane Lanham, his company 20/20 Valuati
Read MoreReal Brokerage adds Coastline, a top San Diego team

Coastline Real Estate Group, a 13-agent real estate team based in San Diego County, California, has joined The Real Brokerage.The team is led by Raymond Fraser and Shaylie Gilliland, who previously worked together on one of California’s top-ranked real estate teams.Since founding Coastline in late 2
Read MoreRealtors Relief Foundation sends $500K to Texas flood victims

The nonprofit Realtors Relief Foundation (RRF) has allocated $500,000 to assist residents in south central Texas following recent floods that took the lives of more than 130 people and displaced families across the region.The funding — distributed through Texas Realtors and eight local associations
Read MorePhillip Cantrell’s book offers blueprint for real estate entrepreneurship

Veteran entrepreneur Phillip Cantrell distills four decades of hard-won business wisdom into his newly released book, “Failing My Way to Success: Lessons from 42 Years of Winning (and Losing) in Business,” which officially launched July 15.The founder and CEO of Benchmark Realty — who sold the compa
Read MoreLogan Finance promotes Dave Weatherford to TPO executive role

Nonqualified mortgage (non-QM) lender Logan Finance Corp. on Thursday announced the promotion of Dave Weatherford to Executive Vice President of TPO Production, effective immediately.The promotion follows Logan Finance’s launch of its new Open Road product series, announced in June. The series, whic
Read MorePAVE task force 2.0? Senate Democrat introduces appraisal bias legislation

The Trump administration has “effectively disbanded” the interagency Property Appraisal and Valuation Equity (PAVE) task force, but a Democratic senator wants to revive it.Raphael Warnock of Georgia introduced the Appraisal Modernization Act on Thursday. The legislation seeks to address systemic bia
Read MoreZillow pushes back against Compass’s claims of conspiracy, monopoly

A little over two weeks after Zillow filed letters responding to Compass’s motions for preliminary injunction and expedited discovery, the listing portal giant is officially firing back with its response to these motions.Zillow filed its response and related declarations from company executives, inc
Read MoreUS foreclosure activity continued to rise in first half of 2025, ATTOM says
Real estate data provider ATTOM on Thursday released its Mid-Year 2025 U.S. Foreclosure Market Report, which shows there were a total of 187,659 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2025.That figure is up 5.
Read MoreMinnesota housing program under federal fraud investigation

Federal agents are probing what they describe as a massive scheme to defraud Minnesota’s Housing Stabilization Services program, according to a search warrant.Numerous outlets reported that a federal investigation is targeting a Medicaid-funded benefit created in 2020 to assist people with disabilit
Read MoreColorado officials push to save property tax breaks for seniors

Government officials in Mesa County, Colorado, urged state legislators in an open letter this week to preserve a property tax exemption for older adults and disabled veterans amid the state’s ongoing budget constraints.Colorado’s senior property tax exemption, which has been in place for the past 25
Read MoreVantageScore 4.0 is coming. But much work needs to be done

In the days following the announcement that VantageScore 4.0 was suddenly in play for conventional mortgages, FinLocker‘s Brian Vieaux had to burst some bubbles.Most of the 15 to 20 loan officers he spoke to were ecstatic about being able to use the new credit scoring model. Millions of new prospect
Read MoreReal estate investors eye space economy as the new frontier

Real estate investors are turning their gaze skyward in preparation to take part in upcoming needs of the space exploration and data sector.This week, a CNBC report pointed to global real estate firm Hines and its recent acquisition of the Titusville Logistics Center — a nearly 250,000-square-foot i
Read MoreTop San Diego luxury real estate brokerage joins Compass

The Exude Luxury Group — a top-producing real estate firm in Southern California — has departed Side and joined Compass in San Diego’s La Jolla neighborhood, marking a new phase for the six-person team led by Erika Borunda Ahajanian.The group has closed more than $500 million in career sales — inclu
Read MoreNAR moves to dismiss California agent antitrust suit

It’s been just over a month since real estate agent John Diaz refiled his lawsuit in U.S. District Court in Sacramento, but the National Association of Realtors (NAR), along with other state and local associations, are already asking the court to dismiss it. On Monday, NAR and the California Associa
Read MoreERA Real Estate firms merge in Atlanta

Two established Atlanta metro-area real estate firms — ERA Foster & Bond and ERA Sunrise Realty — have merged, combining operations under a single brokerage that now includes more than 175 agents and six office locations.The combined firm now has a Georgia footprint that extends across Atlanta, Cant
Read MoreFederal regulators scrap 2023 CRA rule

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023.The decision made by the governing boards of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insura
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