For decades, cities in the Midwest have declined due to an exodus of manufacturing jobs that changed the region’s nickname from the “Steel Belt” to the “Rust Belt.” But major metros areas in the region have not only survived but are now thriving, providing a boost for the area’s long-suffering housing markets.
Even with challenging conditions, Illinois agents are confident that the housing market will maintain a consistent character in 2025.
Ridgeland Mortgage, a recently formed joint venture between loanDepot and homebuilder Smith Douglas Homes, on Thursday announced the appointment of Teresa Carlile as president. In her new role, Carlile will lead Ridgeland’s growth strategy and daily operations.
Homes and businesses have been decimated, leaving SoCal residents to turn to rental properties and navigate possible price gouging.
The FHFA director will leave her role just before Donald Trump’s inauguration on Jan. 20, as his allies may ramp up efforts to end the federal conservatorship of Fannie Mae and Freddie Mac.
Last week, outgoing President Merri Perry and Joshua Campa, the president-elect who was scheduled to take her position, resigned from the LVR board of directors and its committees.
In the newest episode of the Top of Mind podcast, host Mike Simonsen, the founder and president of Altos Research, sits down for a conversation with Guy Berger, director of economic research at the The Burning Glass Institute.
CoreLogic released its November 2024 Home Price Index (HPI) and HPI forecast this week, which showed that U.S. single-family home prices increased by 3.4% year over year in November.
On Wednesday, the Hooper plaintiffs — along with remaining defendants Mark Spain Real Estate, eXp World Holdings, Weichert of North America and Atlanta Communities Real Estate Brokerage — filed a motion for preliminary approval of their settlements and preliminary certification of the settlement class.
The Mortgage Firm, a Florida-based mortgage lender, has agreed to invest $1.5 million to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Wednesday.
The DOJ has asked the Ninth Circuit Court of Appeals for time to speak at next month’s oral arguments in the case involving REX, NAR and Zillow.
Craig Phillips, who previously held positions at Morgan Stanley, BlackRock and the U.S. Department of the Treasury, will be Freddie Mac’s executive vice president of corporate strategy and external affairs.
