Mortgage credit availability increased in May: MBA

Mortgage credit availability saw a slight increase in May, according to an analysis of ICE Mortgage Technology data by the Mortgage Bankers Association (MBA).The Mortgage Credit Availability Index (MCAI) rose by 0.1% to 94.1 in May. The index was initially benchmarked to 100 in 2012. The MCAI measur
Read MoreNew planning tool arrives as California prepares for more accessory dwelling units

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs).The Berkeley-based Community Planning Collaborative (CPC), a self-described “housing policy and ADU resource l
Read MoreUnexpected trends in real estate agent dynamics

Relitix’s latest release of the Agent Movement Index (AMI) for April 2024 reveals a surprising shift in the dynamics of real estate agents, indicating potential changes in market conditions and strategies among brokerages.Key Highlights from April 2024 AMI:Rise in Active Agents: The data show an une
Read MoreCompass adds high-producing agent in Washington state

Top U.S. real estate brokerage Compass announced Wednesday that it has hired Hal Bennett, a high-producing agent based in the Seattle area.Bennett formerly worked with Redfin, where he was recognized by RealTrends among the top-producing agents in the state of Washington in 2023. Bennett ranked No.
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