Empty-nesters own twice as many large homes as millennials with children

Empty-nester baby boomers own roughly twice as many of the nation’s three-bedroom-plus homes as millennials with children, according to a report from Redfin published on Tuesday.The report is based on a Redfin analysis of U.S. Census data from 2022, that breaks down the share of three-bedroom-plus h
Read MoreGinnie Mae to explore new reverse mortgage-backed security product

Ginnie Mae intends to develop a new reverse mortgage-backed security product enabling the acquisition of loans from an HMBS pool above the existing 98% maximum claim amount (MCA) requirement, according to a new announcement.Released on Tuesday morning, the move is a further attempt to address the we
Read More2024 will see increased real estate agent mobility: Relitix

After a multi-year decline in agent movement between brokerages, Relitix’s Agent Movement Index shows a clear bottoming out in early fall of 2023 and increased real estate agent mobility as we move into 2024.“We can definitely call a bottom to the decline in agent movement,” said Rob Keefe, Relitix
Read MoreNumber of price cuts drops as housing inventory rises

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. I hope the next thing we see is housing inventory grow at the level it typically does in January or February instead of being delayed until March or April. Last year at this time, invento
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