HousingWire

HousingWire Magazine delivers comprehensive analysis and understanding of the key players, topics, and statistics in the mortgage finance and real estate sectors. It presents readers with valuable perspectives on the U.S. housing market and financial landscape through contributions from top national writers. The magazine also includes unique stories that address significant challenges in real estate finance and highlights the individuals driving the market.

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Are NYC's wealthy homebuyers pausing after Mamdani's win?

23 hours ago | housingwire.com | Tracey Velt

“Why is the real estate market and a lot of income earners who pay taxes in New York City panicking as of yesterday? He’s [Mamdani] talked about anti-growth, anti-job. He’s opposed rezoning. He wants rent control everywhere, even on new construction,” Ryan Serhant, a celebrity broker and founder of SERHANT., told CNBC. Serhant took it a step further in an interview with the New York Post. “My number one job will be moving people from New York to Florida. Again.
Despite a surge in homes for sale, renting still remains the only real option for most

2 days ago | housingwire.com | Michael Lucarelli

The median home price in the U.S. stood at $416,900 in the first quarter of 2025. With median household income at about $80,600, a buyer would need a 30-year mortgage interest rate closer to 4 percent to keep housing expenses at or below the 30 percent of income affordability threshold. Today’s rates continue to hover around 7 percent, making monthly costs unsustainable for many. When property taxes and insurance are factored in, the gap widens even further.
11 skills real estate agents should learn today

2 days ago | housingwire.com | Tracey Velt

Communication skills are the most important skills that real estate agents can have. You can improve your communication skills by taking courses about business or human psychology, reading books about negotiating, and asking for feedback from your mentors. Developing systems that help you manage your communications, like emails and texts, is another valuable way to spend your time.
How to meet older customers where they are with AI technology

1 week ago | housingwire.com | Chris Clow

But when it comes to the reverse mortgage industry’s implementation of AI technology tools in other areas, there are many possibilities. Packer lays out some of these in this second part of his conversation with HousingWire’s Reverse Mortgage Daily (RMD). On top of controlling for potential bias that may arise from the AI training process, Packer explained that AI tools can be helpful when assessing property appraisals within the reverse mortgage business.
Top agents on how they built successful revenue share downlines

1 week ago | housingwire.com | Brooklee Han

In Houston, Katie Day runs a team of 10 agents, known as The MOVEMETOTX Team, that’s brokered by Real. The medium-sized team closed 182 transaction sides in 2024 for a total sales volume of $60.86 million, good enough to be ranked No. 11 in the state in the 2025 RealTrends Verified Rankings. Day began building her team at a traditional brick-and-mortar brokerage before moving to Real. A key source of motivation for the move, she said, was economics.
Redfin data reinforces boomers’ desires to remain in their homes

1 week ago | housingwire.com | Chris Clow

Younger homeowners in the Gen X, millennial and Gen Z cohorts are far more likely to plan to sell their homes. But 25% of Gen Xers, and 21% of millennials and Gen Zers, “say they’ll never sell.” according to the survey. Some of this stems from market realities. While home prices are higher, that’s also true for prospective properties that an older homeowner might prefer if selling was part of their plans.
Senate ‘referee’ says CFPB funding can't be cut by reconciliation

1 week ago | housingwire.com | Chris Clow

The Republican majority in the Senate has long stated their desire to pass the budget bill through reconciliation, which requires some budget bills to pass with a simple majority vote rather than a supermajority of 60 votes to overcome the Senate’s filibuster rule. But reconciliation comes with requirements that are not being properly observed with the CFPB provision, parliamentarian Elizabeth MacDonough ruled. Sen.
HomeServices of America hires Jimmy Burgess for coaching role

1 week ago | housingwire.com | Brooklee Han

“Coaching is no longer a luxury, it is a necessity in today’s market,” Chris Kelly, president and CEO of HomeServices of America, said in a statement. “This national role reflects our commitment to investing in people, performance, and long-term growth. “To add someone of Jimmy’s expertise to the role makes our organization even more of a leader in this arena.
15 commission lawsuit settlements up for final approval next week

1 week ago | housingwire.com | Brooklee Han

Judge Stephen R. Bough, who oversaw the Sitzer/Burnett trial, is overseeing both of the commission lawsuits with settlements up for approval. In late October 2024, he granted final approval to nine other settlements in the Gibson suit. Of the 15 settling defendants, six were named in the Gibson suit and nine in the Keel suit. The Gibson settling defendants include Keyes Co./Illustrated Properties ($2.4 million), NextHome ($600,000), John L.
Financial planner shares journey to understand reverse mortgages

1 week ago | housingwire.com | Chris Clow

But her attitude changed, she said, when she got a closer look at what the product is and what it can do. Today, she does recommend reverse mortgages for clients when she thinks they can be an appropriate fit in specific situations. When asked if she was open to incorporating reverse mortgages into her clients’ retirement plans, Gustafson explained that it was not exactly her first choice.