Senate leaders sound off on Scott Turner’s HUD nomination

Late last week, president-elect Donald Trump announced that he had chosen Scott Turner, the former executive director of the White House Opportunity and Revitalization Council, to lead the U.S. Department of Housing and Urban Development (HUD).Housing industry reactions were primarily congratulatory

Jump in pending home sales foreshadows positive end to the market in 2024

Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% com

Mortgage Rates Tick Down to 6.81% as Pending Home Sales Rise

Realtor.com; Getty Images (1)Mortgage rates fell from 6.84% last week to 6.81% for a 30-year fixed home loan for the week ending Nov. 27, according to Freddie Mac.“The 30-year fixed-rate mortgage moved down this week, but not by much,” said Sam Khater, Freddie Mac’s Chief Economist in a statement. “

‘The DOJ is coming for NAR’: What’s next after the $418M settlement?

NAR’s $418 million antitrust settlement has been approved, but real estate industry experts believe the legal wrangling is far from over. (Image generated by AI in Midjourney)As the saying goes, when one door closes, another opens. For the U.S. Department of Justice (DOJ), that door very well may be