New home price premium hits record low

Monthly payments for new and existing homes are now nearly equal, amid a trend of stagnating prices and increased use of mortgage buydowns among builders. That was one of the main findings from Realtor.com’s Q3 New Construction Report. According to the report, buyers purchasing a new home last quart
Read MoreFormer local Realtor association CEO charged with grand theft

Former East Polk County Association of Realtors (EPCAR) CEO Jennifer Garula-Mers has been charged with grand theft after she allegedly stole over $81,000 from the trade association, leaving it “all but broke,” according to the Polk County Sheriff’s Office (PCSO). The Florida-based Realtor associatio
Read MoreLocal governments turn to AI to streamline housing development

As local governments face mounting pressure to streamline the review process for residential projects, a wave of AI-driven reforms is revealing how modern tools can shave days or weeks off approvals, potentially speeding up housing development. For 15-plus years, pressure has been growing on a shrin
Read MoreLender Price integrates FOA’s reverse products into marketplace

California-based Lender Price has added its first reverse mortgage partner to its pricing and product eligibility (PPE) platform through an agreement with Finance of America (FOA). Lender Price Marketplace will provide brokers and lenders with live pricing for FOA’s Home Equity Conversion Mortgage (
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