Capital One Shuts Down Discover’s Home Equity Lending
Article Summary Capital One Financial Corp. has announced the closure of Discover’s home equity and mortgage refinance lending business following a strategic review of its...
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Housing Market Sees Inventory Growth—and Seller Frustration
Article Summary According to Realtor.com’s June Housing Trends report, active housing inventory surged 28.1% year-over-year to over 1 million listings—a post-pandemic high....
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Short-Term Rentals Face Growing Backlash from Homebuyers
Article Summary A new survey from Clever Real Estate’s Anytime Estimate reveals that 49% of Americans support banning short-term rentals in residential areas. Only 40%...
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Real Estate Agency Faces Backlash Over Incentivized Reviews
Article Summary An Australian real estate agency has drawn criticism for offering tenants a chance to win a week’s free rent in exchange for leaving a five-star Google...
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Mortgage Rates See Modest Drop Amid Market Adjustments
Article Summary Mortgage rates in the U.S. have declined slightly, offering a small relief to homebuyers navigating affordability concerns. According to Freddie Mac’s latest...
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BofA’s Head of Branches: ‘Proximity Is Still Important to People’
Article Summary Despite the rise of digital banking, Bank of America continues to emphasize the importance of physical branches in maintaining customer relationships and...
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Luxury Home Prices Climb as Pending Sales Decline
Article Summary: Luxury home prices continue to rise, reaching a near-record $1.34 million in April, marking a 6.5% increase year-over-year. However, pending sales of luxury...
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Investors Retreat from Condo Market Amid Rising Costs
Article Summary: Investor purchases of condos have dropped to their lowest level in 10 years, with transactions falling 3% year-over-year in Q1 2025. Nearly 70% of condos...
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Mortgage Applications Decline as Home Prices Continue to Rise
Article Summary: Mortgage application activity fell for the second consecutive week as home prices continued to climb. The Market Composite Index, which tracks mortgage loan...
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Trump Plans to Take Fannie Mae and Freddie Mac Public
Article Summary: President Donald Trump has announced plans to take Fannie Mae and Freddie Mac public, marking a potential shift in the U.S. housing finance system. The two...
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