3 steps real estate agents can take to make a big difference in housing affordability

Despite rising housing unaffordability, we in the real estate business know that homeownership is still a fantastic way to build generational wealth. Not surprisingly, affordability is inextricably linked to fair housing, as fair housing (and lending) for all is foundational to affordability for all
Read MoreNo, Wall Street investors haven’t bought 44% of homes this year
Are big Wall Street investors really buying 44% of homes this year? The answer is no — not even close. Housing inventory is near all-time lows, but big institutional investors like Invitation Homes or BlackRock aren’t to blame.The 44% claim was made in the headline for a Medium article last week and
Read MoreWhy home prices haven’t crashed even with high mortgage rates

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023.Weekly housing inventory dataWe wil
Read MoreWells Fargo settles lawsuit with ex-LO over allegedly discriminatory lending practices

A former mortgage consultant who worked for Wells Fargo and ultimately brought a case against the company in a Southern California court over allegedly being fired for complaining about discriminatory lending practices has settled with the company, according to reporting from Los Angeles-based radio
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