Tue.Jul 01, 2025

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Rocket completes Redfin deal, announces Rocket Preferred Pricing

Housing Wire

Rocket Companies announced on Tuesday the completion of its acquisition of Redfin after Rocket announced in March it agreed to purchase the digital real estate brokerage in an all-stock transaction valued at $1.75 billion in equity. The transaction faced no opposition from antitrust regulators and received approval from Redfin shareholders on June 4. “I’ve used Redfin every day for the last 20 years.

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Title: What Is Deferred Maintenance? 5 Red Flags Every Homebuyer Should Watch For

The Living Room

As a realtor who’s walked through hundreds of homes with buyers, I can’t stress this enough: not all homes are as pristine as they appear. Cosmetic upgrades may catch your eye, but it’s what lurks beneath the surface that can cost you big time after closing. One major red flag that I always help buyers look out for? Deferred maintenance.

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California strikes environmental law that choked new housing

Housing Wire

California’s housing crisis has prompted the state to rescind parts of longstanding environmental law that critics say has stifled new home construction. The state legislature and Governor Gavin Newsom passed two bills Monday that will allow some development projects to bypass the California Environmental Quality Act (CEQA), believing that it will spur more suburban projects.

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Selling a House With Multiple Owners: Your Guide to a Successful Sale

Redfin

Living with someone teaches you a lot—selling a house with them teaches you even more. Whether you’re co-owners with siblings, friends, or an ex, the process can test even the best relationships. But with some planning, honest conversations, and the right paperwork, you can avoid the drama and close the deal smoothly. So, whether you’re offloading an investment property in Asheville or a lake house in Minneapolis , you can sell a house with multiple owners, if each party comes prepar

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Welcome to the Future of Hospitality: Smart Rooms Start Here

Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering

The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling

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Mauricio Umansky’s PLS.com revives antitrust lawsuit against NAR

Housing Wire

The battle over private listings just escalated. The PLS.com, LLC — the now-defunct platform once used to privately market real estate listings — announced today that it has filed a federal antitrust lawsuit against the National Association of Realtors. The PLS was founded by The Agency founder and celebrity real estate broker Mauricio Umansky. This lawsuit was first brought against NAR in 2020, but was paused last year.

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Real acquires Flyhomes’ AI-powered home search portal

Housing Wire

Real is looking to propel its AI game through its acquisition of Flyhomes’ AI-powered search portal, according to an announcement on Tuesday. Through this acquisition, Real is also gaining all of the assets related to Flyhomes ’ portal, including the engineering team that has worked on the platform. “By bringing Flyhomes’ consumer technology under the Real umbrella, we’re combining the best in real estate innovation to deliver a seamless, AI-powered experience —designed around people—for both ag

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What Is Appreciation in Real Estate? Here’s What Every Homeowner Should Know

Redfin

If you’ve ever bought a home or even thought about investing in property, you’ve probably heard the term “appreciation” tossed around. But what is appreciation in real estate? Real estate appreciation is the increase in a property’s value over time. It can result from market trends, economic changes, or property improvements, and a key way real estate investments build wealth.

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Announcing the 2025 Women of Influence

Housing Wire

HousingWire is excited to introduce the winners of its annual Women of Influence award, recognizing 100 women whose achievements are driving the housing industry forward. Now in its 16th year, the award honors leaders across mortgage, real estate and fintech who are making a measurable impact on their organizations and the broader housing economy. This year’s honorees include mentors, innovators, and community leaders.

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Home Loans With Small Down Payment: FHA, VA, and USDA Explained

The Mortgage Report

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates?

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Rocket finalizes $1.75B acquisition of Redfin

Real Estate News

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Real Estate News/Shutterstock Brokerages Rocket finalizes $1.75B acquisition of Redfin The two companies are rolling out a new pricing program for clients as part of the July 1 announcement. Kurt Schlosser July 1, 2025 2 mins This story originally appeared on GeekWire , which covers technology and business, including the real estate industry.

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How Many People Can Be on a Mortgage? What You Need to Know Before Entering a Joint Mortgage

Redfin

As home prices hit another record high , steadily rising, more people are teaming up to afford a house, whether it’s couples, friends, siblings, or even adult children and parents. Co-buying is becoming more common, but it raises a key question: How many people can actually be on a mortgage? Quick answer: There’s no legal limit on how many people can be on a mortgage, but most lenders allow up to four.

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How to create a new agent business budget for 2025

Inman

Your budget is your business plan in action, broker-owner and author Jessica Souza writes. Find out how to crunch the numbers and make them work as hard as you do.

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San Diego Housing Market Predictions for the Next 2 Years

Norada Real Estate

Thinking about buying or selling a home in sunny San Diego? You're probably wondering what the future holds for the San Diego housing market forecast for the next 2 years, 2025 to 2026. The short answer is: experts predict a slight dip followed by modest growth. While some expect prices to continue to be a little rocky, more brighter days are on the horizon thanks to predicted drop in mortgage rates.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Mortgage Rates Today: 30-Year FRM Drops to 6.73%, 15-Year FRM Dips to 5.71%

Marco Santarelli

If you're looking for the mortgage rates today, July 1, 2025 , the news is cautiously optimistic. While national average rates show a slight downward trend, it's important to understand what's driving these changes and what the experts predict for the near future. According to Zillow, the national average for a 30-year fixed mortgage is around 6.74%.

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Real acquires home search tech from Flyhomes

Real Estate News

The AI-driven technology will help the brokerage “connect the dots between agent tools, client experience and transaction flow,” Real CTO Pritesh Damani said.

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California passes bipartisan bills that overhaul environmental law to bolster building starts

Inman

California Governor Gavin Newsom has signed the state's 2025-2026 budget, which offers environmental review exemptions for critical housing and infrastructure projects. Leaders say the exemptions will improve affordability, while environmentalists say it will ruin the state's ecosystem.

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New commissions case pulls in brokerages that settled

Real Estate News

The Real Brokerage and Realty ONE Group have each paid millions to home sellers, but now face litigation from buyers claiming they paid inflated prices.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Mauricio Umansky’s ThePLS.com sues NAR over private listings

Inman

Celebrity agent Mauricio Umansky, who has targeted the National Association of Realtors’ dominance over agents and the rules governing real estate, heads back to court.

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U.S. States With Lowest Mortgage Rates Today – July 1, 2025

Marco Santarelli

Looking for the best mortgage rates? As of today, July 1, 2025, the states offering the cheapest 30-year new purchase mortgage rates are New York, California, New Jersey, Colorado, Connecticut, Florida, and Utah , with averages ranging from 6.56% to 6.72%. On the other end of the spectrum, the states with the highest refinance rates are Alaska, West Virginia, New Mexico, Mississippi, Nebraska, Rhode Island, and Hawaii , averaging between 6.83% and 6.94%.

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Buyers Need $17K Raise to Afford a Home Today

BAM Media

This is not your average summer slowdown. BAM BBQ is happening Wednesday, July 16th. It’s 100% free, virtual, and packed with strategies from the 3 CEOs: Ryan Serhant, Leo Pareja, and Scott Harris. Sign up now and walk into Q3 ready to win. Register now at BAMBBQ.live BAM Key Details: Zillow’s latest report shows that median-income households need a $17,670 raise to afford a typical U.S. home priced at $367,969, even with a 20% down payment.

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Today’s Mortgage Rates: 5-Year ARM Increases by 3 Basis Points to 7.61%

Marco Santarelli

Feeling confused about the mortgage market? Totally normal! As of July 1, 2025, the 5-year adjustable-rate mortgage (ARM) crept up to 7.61% – a tiny 3-basis-point bump from last week’s 7.58%. Think of it like a slow-rolling hill on a rollercoaster ride. Let’s unpack what this rate wiggle means for buyers, refiners, and the housing market’s vibe. Buying or refinancing is no small move, and these little shifts matter.

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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Selling a House With Foundation Issues: Your Guide to a Successful Sale

Redfin

When you’re selling a house with foundation issues , sitting on that property can feel like dragging a boulder uphill. Buyers get spooked. Lenders get stingy. And sellers, more often than not, find themselves navigating a mess they didn’t budget for. All that said, it’s not impossible to sell a house with foundation issues, regardless of whether it’s a condo in Los Angeles or a home in Charleston.

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With mortgage rates easing, will the summer housing market heat up?

Housing Wire

Mortgage rates have eased slightly in the past week, a welcome sign for housing professionals and their clients. With the summer home-buying season in full swing, the question is whether they’re at a low enough level to keep activity flowing through the Labor Day weekend. On Tuesday, data at HousingWire ’s Mortgage Rates Center showed that rates for 30-year conforming loans averaged 6.92%, down 7 basis points from one week ago.

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Fannie and Freddie: Single Family Serious Delinquency Rates Decreased in May

Calculated Risk Real Estate

Freddie Mac reported that the Single-Family serious delinquency rate in May was 0.55%, down from 0.57% April. Freddie's rate is up year-over-year from 0.49% in May 2024, however, this is below the pre-pandemic level of 0.60%. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic.

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Think It’s Better To Wait for a Recession Before You Move? Think Again.

The Living Room

I’m noticing that fears of a recession are being expressed in headlines of late; and if you’re thinking about buying or selling sometime soon, that may leave you wondering if you should reconsider the timing of your move. So let’s talk about it… A recent survey by John Burns Research and Consulting (JBREC) and Keeping Current Matters (KCM) shows 68% of people are delaying plans to buy or sell due to economic uncertainty.

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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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MLS makes its case for dismissal of Compass lawsuit

Real Estate News

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Real Estate News Industry MLS makes its case for dismissal of Compass lawsuit Northwest MLS says the April lawsuit should be tossed, arguing in a new filing that the brokerage giant “cannot have it both ways” with listings. Stephanie Reid-Simons July 1, 2025 2 mins The judge in Compass' lawsuit against Northwest MLS has set a trial date for next June , but the MLS is arguing that

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FHA Loan Requirements in 2025

The Close

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. However, some will struggle with getting approved for a loan, which is something that could result in the transaction falling through for you as a real estate agent. That’s where FHA loans can save the day for everyone. FHA loans, backed by the Federal Housing Administration, offer low down payments and flexible qualification requirements.

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May Private Residential Construction Spending Dips

Eye on Housing

Private residential construction spending fell by 0.5% in May, marking the fifth straight month of decreases. This drop was primarily driven by reduced spending on single-family construction. Compared to a year ago, total spending was down 6.7%, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage.