Percentage of homes with price cuts reaches 18-month high: Redfin

A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. The national real estate brokerage
Read MoreColdwell Banker Realty welcomes new Boston team

Coldwell Banker Realty, a New England-based residential real estate brokerage, welcomed The DelRose McShane Team, the brokerage announced on Wednesday. Led by Mike DelRose Sr., Mike DelRose Jr. and Bobby McShane, The DelRose McShane Team boasts eight agents. They formerly operated the RE/MAX Revolut
Read MoreCFPB issues info request for mortgage closing costs in assault on ‘junk fees‘

The Consumer Financial Protection Bureau (CFPB) on Thursday issued a new request for information (RFI) from the public concerning “fees charged by providers of mortgages and related settlement services,” according to the RFI document reviewed by HousingWire. Part of a broader attack on what both the
Read MoreHurricane season is here and more than $10T worth of property is at risk

The National Oceanic and Atmospheric Administration projects an 85% probability of an above-average hurricane season in 2024, with damage likely to eclipse the relatively mild 2023 that saw only one hurricane of note — Idalia — make landfall in the U.S. and cause over $2 billion worth of insured dam
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