Encompass Lending Group, a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Terms of the deal were not disclosed.Elite Financing Group will operate under the umbrella of Cary, North Carolina-based Enc

Adam Wiener, Redfin’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. His last day at the company will be Friday, Sept. 8.During his tenure, Wiener first served as a product manager for

New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty.“The Special Committee has not concluded that the Consortium’s most recent re

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams, just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas.In the filings, which name Keller Williams, Keller, former KW president J

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, dow

In what is perhaps the most traditional sector of housing, change has arrived.However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. How do the solutions work? Why do we need them? Who is eligible to take advantage of them? An

Remember, the holidays are just around the corner, so it’s important to get your home in order in anticipation of all the fun and celebration.

NexTier, the holding company of NexTier Bank, will acquire Mars Bancorp, the holding company of Mars Bank. Terms of the deal were not disclosed.The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Ba

For a great many reasons, conversions of abandoned schools should be seen as one of the solutions to the nation's housing crisis, as the professionals at architectural firm Moody Nolan can readily attest.

Even people who don't sleep 8 hours a day probably spend at least 6 hours in bed each night. These housewarming gifts make the bedroom more comfortable and stylish.

In a letter to a group of founders and shareholders, New York-based asset management firm Sculptor Capital Management said their request to inspect the company’s books and records pertaining to its acquisition by Rithm Capital was “improper” and motivated by founder Daniel Och’s “long-standing resen

Freddie Mac on Wednesday announced that company veteran Peter Lillestolen will serve as vice president, production and sales of Targeted Affordable Housing (TAH) at Freddie Mac Multifamily.Lillestolen, a 12-year veteran of the government-sponsored enterprise (GSE), has worked in multifamily in sever

Since last weekend’s New York Times exposé of alleged sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), speculation about what happens next at the trade association has been in overdrive.HousingWire has heard from several sources that NAR, which serves more tha

After stepping into his new position as CEO of Realtor.com in June, Damian Eales is already shaking up the industry with swift action and a bold expansion plan.Last week, at the Tom Ferry Sucess Summit in Dallas, Eales took the stage for a fireside chat with Ferry where he shared his vision for the

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market, and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As

Digital mortgage lender Better Home & Finance faces a $1.86 million suit for breaching advertising placement agreements with digital and print publisher Meredith Operations Corporation.Better failed to pay for two “insertion orders” – agreements where Meredith would place ads on its digital platform

Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday.Newman and his team serve clients in Phoenix, Scott

Mirroring the trend for new home sales(+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike t

Set within a private cul-de-sac on the east side of the lake, this nearly half-acre property boasts 115 feet of water frontage.

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022.  While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,