Marcus & Millichap arranged the sale of Center Point Plaza, a 28,924-square-foot retail property located at 33490-33492 Oak Glen Rd. in Yucaipa. The property was sold for $10,800,000, or $373 per square foot.... Read more »
While many older homeowners own their properties free and clear of a mortgage payment, this is not a feasible reality for many seniors. In fact, more than 10.5 million Americans at or... Read more »
Chicago-based multichannel mortgage lender Rate, formerly known as Guaranteed Rate, has announced a shakeup in its reverse mortgage division’s leadership by appointing two longtime industry veterans to lead the company’s efforts with... Read more »
NAR’s volunteer leaders receive financial benefits that no other nonprofit in the housing space comes close to matching, 990 filings reveal. Earlier this week the National Association of Realtors(NAR) made headlines for... Read more »
White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and... Read more »
Fannie Mae on Wednesday announced that its next version of the Desktop Underwriter (DU) software platform will be available for users on Jan. 11. The platform will feature “enhanced” risk assessment by... Read more »
Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple... Read more »
The Federal Housing Administration (FHA) on Wednesday posted a proposed Mortgagee Letter (ML) that would add flexibility for people receiving rental income from “boarders” who pay for space in an existing dwelling... Read more »
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional real estate agent is the best way to sell. As real estate agents adjust to... Read more »
Southern California home prices dipped in October for the third straight month, but values remain near all-time highs and unaffordable for most households. The average home price in the six-county region was... Read more »