Mr. Cooper Group Inc. (NASDAQ: COOP) announced today that Mike Rawls, Chief Executive Officer of Xome®, plans to retire effective June 30, 2025, and Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition. “Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become
Read MoreHomeowner Newbies Should Put Harrisburg, PA, at the Top of their Search List For first-time homebuyers, the Mid-Atlantic and Florida are the best places to kickstart their home ownership journey in 2025. That’s according to the 2025 Realtor.com® Best Markets for First-Time Homebuyers report, which ranked Harrisburg, Penn., as No. 1 followed by Rochester, N.Y., Villas, Fla., Lauderdale Lakes, Fla., Altamonte Springs, Fla., Lansing, Mich., North Little Rock, Ark., Baltimore, Tonawanda, N.Y., and Wilmington, Del. “Last year saw historically low activity for first-timers, with the group accounting for only
Read MoreHowever, a record low number of sellers listed their home in December Home sales activity surged across most of the Bright MLS service area in December. While transactions are still low by historic standards, the number of closed sales was much higher than in December 2023. Closed sales also increased by 4.2% from November. In December, the number of new pending contracts was also higher, with 2.1% more pending sales in December
Read MoreREAL ESTATE INVESTOR OPTIMISM PLUMMETS IN THE FOURTH QUARTER Insurance issues join high finance costs, limited inventory and rising home prices as biggest challenges. Investors unenthusiastic about Trump proposals for higher tariffs and mass deportations. Real estate investor sentiment fell by 27 points from the prior quarter to its lowest point in a year, according to the Winter 2024 RCN Capital/CJ Patrick Company Investor Sentiment Index™. Thirty-five percent of investors
Read MoreREI INK has partnered with the National Private Lenders Association and John Burns Research and Consulting to give you the chance to participate in a survey of fix-and-flip market conditions. We are excited to announce that those who complete the survey are now able to download FREE fix-and-flip data for up to 3 markets of their choosing, in addition to data on market conditions (sales, prices, rents, demand, supply, and affordability). Survey closes Wednesday, February 5th at
Read MoreSupply increased from a year earlier to close out 2024, while pending home sales posted a small decline as mortgage rates remained near 7% New listings increased 8% year over year during the four weeks ending December 29, while the total number of homes for sale rose 10%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin is taking a break from analysis this week, but please
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