News – RISMedia

New Homes More Affordable in the Long Run, Despite Overall High Prices: Report

Claudia Larsen — Fri, 15 May 2026 18:10:45 +0000

In the ever-going search for affordability in the market, new research identifies that while prices may be higher on newly built homes, they cost less in the long run for homebuyers than existing homes. Realtor.com®’s new report on the total cost of homeownership found that homebuyers purchasing newly built homes can save $25,335 on average…

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Mortgage Mix: Rates Continue Rising; Major Lenders Share Quarterly Earnings

Devin Meenan — Fri, 15 May 2026 17:50:12 +0000

Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Rocket Mortgage has filed a lawsuit against rival United Wholesale Mortgage (UWM), seeking $100 million in damages. Rocket has accused UWM of profiting off of loans it sold to Mr. Cooper, which Rocket…

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Rocket Sues UWM for $100 Million Over Alleged Breach of Non-Solicitation Agreement

Clarissa Garza — Thu, 14 May 2026 23:57:38 +0000

Rocket Mortgage filed a lawsuit against United Wholesale Mortgage (UWM) on May 14, seeking nearly $100 million in damages for allegedly breaching a non-solicitation agreement tied to mortgage servicing rights purchases, according to a complaint filed in the New York Supreme Court’s Commercial Division. The lawsuit centers on three bundles of mortgage servicing rights that…

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Renovation and Repair Pain Points, Myths and Realities

Claudia Larsen — Thu, 14 May 2026 20:48:16 +0000

Homesellers navigating renovations and repairs before listing are facing a complex landscape shaped by economic pressures, evolving expectations and persistent industry challenges. With many buyers seeking turnkey homes, making all the fixes can be problematic financially. Greatbuildz.com Co-CEO Jon Grishpul points out major renovation pain points, myths and realities. Pain points Cost overruns and budget…

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Mortgage Rates Inch Down This Week

Beth McGuire — Thu, 14 May 2026 20:35:11 +0000

Mortgage rates ticked down slightly this week despite inflation concerns rising after this week’s CPI report. The average mortgage rate decreased 1 basis point to 6.36% down from 6.37% last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday. Bright MLS Chief Economist Lisa Sturtevant said mortgage rates may…

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MIAMI REALTORS® + RWorld Expand Global Reach at Major Real Estate Events in Canada, Spain

Paige Brown — Thu, 14 May 2026 20:18:47 +0000

MIAMI REALTORS® + RWorld will continue promoting South Florida’s global real estate presence at two major international events this month: REALTOR® QUEST 2026 in Toronto, Canada and SIMA 2026 in Madrid, Spain. The organization said its participation is part of an ongoing effort to expand worldwide exposure for Miami and South Florida while generating additional…

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Sensitive Sales: Insights Into Helping Family Sell a Home After a Loss

Michael Catarevas — Thu, 14 May 2026 20:11:23 +0000

It’s an emotional yet common event that many families unfortunately face. A loved one passes away, someone inherits the property and suddenly there is a home to be sold…sometimes quickly. The new owner may even reside thousands of miles away, and soon realizes that while the house or condo is valuable, estate checks must be…

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Can a Self-Represented Appraiser Beat a 1.5 Million-Member Organization?

Clarissa Garza — Thu, 14 May 2026 19:20:46 +0000

For a quarter century, Carla DeYoung was part of the system. She held a real estate license, paid her dues to the local association, the state association and the National Association of Realtors® (NAR). She played by the rules because she believed in them. Then the rules changed in ways she believed crossed a line.…

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‘Operating Under a Cloud’: Economists Update Predictions for Housing After War, Inflation Disruption

Claudia Larsen — Thu, 14 May 2026 18:23:50 +0000

We are now five months into 2026—rapidly approaching the halfway point—and so far the year has thrown some definite curveballs at the real estate industry. This year was widely expected to be a year of stabilization and normalization for the housing market, and Q1 (January-March) is largely the stage-setter for how the rest of the…

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Trump’s Nominee to Lead Federal Reserve Confirmed by U.S. Senate

Devin Meenan — Wed, 13 May 2026 23:12:51 +0000

Jerome Powell’s tenure as chair of the Federal Reserve concludes on May 15, bringing the eight years he has spent in the role to a close. Since the second Trump administration commenced, Powell (who was appointed to the Fed by Trump in 2018) has come under criticism from the President for, in Trump’s view, a…

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