Fitch Ratings: U.S. home prices are stabilizing, but 85% of markets are overvalued

In the third quarter of 2024, Fitch Ratings estimates that national home prices were overvalued by 11.1% on a population-weighted average basis. This marked a decrease of 50 basis points from the previous quarter’s figure of 11.6%, according to a report released Tuesday.Fitch noted that the S&P Core
Read MoreMore women file civil suits against the Alexander brothers over sexual assault allegations

Eleven more women have filed civile lawsuits against one or more of the Alexander brothers, adding to the mountain of legal woes facing Tal, Oren and Alon Alexander over alleged sexual misconduct.Along with state and federal criminal sex trafficking charges, the new complaints bring the number of kn
Read MoreBlue states lead the way for highest property taxes

Property taxes are a thorn in the side of some U.S. homeowners, depending on the state or region. As home prices and property values rise in 2025, rising property taxes are impacting some places more than others.Personal finance website WalletHub released its 2025 Property Taxes by State report on M
Read MoreFinal Offer acquires off-market listings platform Private Collection

A month after launching its new Private Exclusive Listings (PX) feature, agent-driven offer, negotiation and collaboration platform Final Offer has acquired Private Collection, a source of listing information for off-market properties. Financial terms of the deal were not disclosed. Final Offer said
Read MoreDeSantis wants to ban property taxes in Florida

Florida Gov. Ron DeSantis said that he wants to eliminate property taxes in the state. In a post on X, the governor said that taxing land/property “is the more oppressive and ineffective” form of taxation.“Property taxes are local, not state. So we’d need to do a constitutional amendment (requires 6
Read MoreStavvy integrates with Encompass Partner Connect platform

Boston-based fintech Stavvy announced a new integration using the latest Encompass Partner Connect Application Programming Interface (API) framework from Intercontinental Exchange (ICE) for mortgage technology.In an exclusive interview with HousingWire, Kosta Ligris, CEO and founder of Stavvy, expla
Read More6 time management hacks to help agents sell more homes in 2025

A majority of agents believe 2025 is going to be a great year for the housing market. Around 85% have an optimistic outlook, and 70% believe the market will be more stable, according to a new survey from Clever Real Estate. Although agents are split on whether it’s going to be a buyers or a seller
Read MoreThe impact of job cuts on the DC housing market
Is the Washington, D.C. housing market facing a sudden collapse ignited by DOGE’s job-cutting? A whirlwind of social media posts from dubious figures has sparked speculation that a large influx of inventory is hitting the market. Could this be a tipping point that sends the D.C. housing scene into a
Read MoreDOGE says it has recovered $1.9B in ‘misplaced’ HUD funds

The Elon Musk-led Department of Government Efficiency (DOGE) announced in a post on X Friday that it had recovered $1.9 billion in HUD funds that “were earmarked for the administration of financial services, but were no longer needed.” The post reads: “$1.9 billion of HUD money was just recovered af
Read MoreJudge blocks CFPB firings amid Treasury labor union lawsuit

A federal judge temporarily blocked the mass firing of employees at the Consumer Financial Protection Bureau (CFPB) on Friday after an agreement was reached between the Department of Justice and the National Treasury Employees Union. The consent order signed by U.S. District Judge Amy Berman Jackson
Read MoreWindsor Mortgage CEO explores technology services, coaching in the wholesale market

In the most recent episode of the Power House podcast, host and HousingWire President Diego Sanchez sits down with Chris Vinson, CEO of Windsor Mortgage, a division of Plains Commerce Bank. The conversation covers Windsor’s growth and success in recent years, including its focus on wholesale lending
Read MoreWin some, lose some: Appraisers wrestle with the CFPB’s dismantling

Some housing industry professionals have cheered the Trump administration’s actions to disable the Consumer Financial Protection Bureau (CFPB), but appraisers have mixed feelings about it.On one hand, they welcome the end of the Property Appraisal and Valuation Equity (PAVE) Interagency Task Force,
Read MoreHawaii bill seeking state-run reverse mortgage program appears dead for now

A bill in the state of Hawaii that seeks to establish a state-run equivalent of the Federal Housing Administration (FHA)’s Home Equity Conversion Mortgage (HECM) program appears to be dead in its current form, having failed to reach key deadlines following its submission to three different legislati
Read MoreM&A: Run your business like it’s for sale, so it never has to be

Managing M&A Integration for mortgage companies is like being a wedding planner for arranged marriages. Not everyone is happy to be at this party, but I’ll be damned if they aren’t 1. impressed with the aesthetic and 2. dancing and laughing by the end of the night.Mergers and acquisitions amongst no
Read MoreThese are the functions of the HUD offices targeted for mass firings

The White House and key leaders aimed at cost-cutting inside the federal government have reportedly trained their eyes on the U.S. Department of Housing and Urban Development (HUD), and that reporting suggests it is culminating in a series of cuts that could include as much as 50% of the department’
Read MoreOptionality of NAR’s no-commingling rule takes center stage at REX appeal hearing

The appeal of REX Real Estate’s antitrust suit against the National Association of Realtors (NAR) and Zillow began in earnest on Thursday when the three parties, along with the Department of Justice (DOJ), gathered at the Ninth District Court of Appeals in Honolulu for oral arguments before a three-
Read More9 best real estate marketing companies to boost your business in 2025

Real estate marketing isn’t just about posting a few property listings and hoping for the best. It’s a multifaceted strategy that encompasses branding, lead generation, social media management, content creation and more. The most successful real estate agents aren’t always the ones with the most exp
Read MoreThe ‘silver tsunami’ could slam into California’s economy

Older residents of the state of California, meaning those aged 65 or older, made up roughly 14% of the state’s population in 2020. That figure is poised to rise to 22% by 2040, marking a 59% increase, while the number of residents between the ages of 20-64 is projected to remain largely unchanged du
Read MoreHomebuilders conflicted on 2025 apartment construction outlook

The National Association of Home Builders (NAHB) released its Multifamily Market Survey that covers results from the fourth quarter of 2024. The survey also highlighted mixed sentiment among homebuilders in terms of multifamily construction this year.The organization redesigned the survey to align w
Read MoreMortgage rates dip below 7% after retail sales surprise
This Valentine’s weekend brought an unexpected gift to the housing market as a weaker-than-expected retail sales report sent the 10-year yield tumbling, bringing mortgage rates down to under 7%. Although it’s a welcome decline, we’re still seeing rates considerably higher than the near-6% levels we
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