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Pittsburgh, Cleveland top global metro affordability list
Homebuyers can purchase nearly six homes in Cleveland or Pittsburgh for the price of one in San Francisco, according to data.
Powell’s Jackson Hole speech stirs cautious optimism for housing
Experts say even modest rate relief could revive affordability and buyer demand, although uncertainty around jobs and tariffs clouds the outlook.
Smarter leads, lower costs: Agentic AI’s impact on loan officer efficiency
The expense associated with originating mortgage loans has been escalating, with the current average cost approximating $11,600 per loan. A substantial component of this expense is attributed to Loan Officer Compensation (LO Comp), which typically constitutes 1% to 2% of the loan amount and represents nearly half of the total origination cost. This heightened compensation framework is primarily propelled by the considerable cost of lead acquisition, further aggravated by the lower conversion rate of leads.
Rocket shifts focus to integration after Q1 growth in originations and M&A
Lower rates helped Detroit-based Rocket Companies improve its originations in the first quarter of the year, a period also marked by the announcement of two major acquisitions, Redfin and Mr. Cooper.
As economic concerns mount, home equity lending is viewed more favorably
A new survey from MeridianLink shows that consumers are warming to the idea of tapping their home equity due to economic volatility.
Agent commission rates have barely budged: Anywhere
Agent commission rates were only down between two and six basis points annually across Anywhere’s business segments.
On private listings, Anywhere will be on the right side of history, CEO says
Anywhere CEO Ryan Schneider outlined his firm’s position on CCP and private listings on the company’s Q1 2025 earnings call.
Latest data reflects muted March agent mobility amidst continued market caution
The latest data through March 31, 2025, indicates a continuation of the cautious environment shaping agent mobility trends in the real estate brokerage industry. While March typically stands out as the peak month for agent transfers, this year’s numbers fell notably short of historical benchmarks, echoing a persistent trend of subdued activity.
