Austin-area luxury team leaves The Agency for Compass

The Compass team in Austin is welcoming back one of its own. Luxury agent Mike Mogavero is returning to the brokerage after a stint with The Agency.Mogavero is also bringing Christen Lowe, his partner in the MOLO Group, with him. The pair topped $38.8 million in sales volume in 2023, with Mogavero a

Signs of housing demand surge after interest rate cut

The question from the housing industry after the Federal Reserve’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market?A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and fou

Is housing affordability improving? Two new reports say yes

Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling — and more downward movement expected after the Federal Reserve‘s recent interest rate cut — two new reports suggest that affordability is getting better too.The third-quarter 2024 housing aff

Simplist launches streamlined mortgage origination platform

New York-based Simplist Technologies, which has developed a consumer-facing mortgage platform, introduced a new software solution on Thursday for mortgage professionals that combines a loan origination system (LOS) with a point-of-sale system (POS).The integrated platform, known as Sonar, has artifi