HousingWireHousingWire Single-family rental (SFR) homes are now priced 20% higher than the typical apartment, according to Zillow’s rental market report for December 2024. This is the largest difference ever recorded by the real estate portal as the pricing gap has grown considerably from pre-pandemic levels. Zillow analyzed the 50 largest…
Continue reading →HousingWireHousingWire Mortgage escrow accounts are an important, yet widely misunderstood asset in the housing market. Although 80% of mortgage holders have escrow accounts, only 60% fully understand them, up from 52% in early 2024. And those who don’t understand are paying dearly. That finding comes from a survey released Tuesday…
Continue reading →HousingWireHousingWire The Housing Rights Initiative (HRI) is taking aim at 165 real estate agents, brokerage firms and landlords in its latest series of lawsuits filed in Chicago. The group claims that this is the largest housing discrimination case in Illinois history. The lawsuits, filed on Monday, are the result of…
Continue reading →HousingWireHousingWire Rocket Companies today announced the launch of Rocket.com, officially putting Rocket Mortgage and Rocket Homes on the same platform. Per a release from the Detroit-based fintech, the Rocket.com website is an AI-driven, “intuitive” experience. The announcement comes shortly after Rocket unveiled the first stage of its rebrand and is…
Continue reading →HousingWireHousingWire A civil complaint announced by Pennsylvania Attorney General Michelle Henry on Jan. 17 asserts that several Lehigh Valley-based mortgage brokers and their manager, Barry Newhart, took part in a kick-back scheme that violates the Real Estate Settlement Procedures Act (RESPA). This complaint, which was filed in the United States…
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