Median Home Price Jumps to Record High of $426,900 According to the National Association of Realtors, U.S. existing-home sales fell in June 2024 as the median sales price climbed to the highest price ever recorded for the second consecutive month. All four major U.S. regions posted sales declines. Year-over-year, sales waned in the Northeast, Midwest and South but were unchanged in the West. Total...

AARP, the interest group advocating for the wellbeing of older Americans, revealed in a policy paper this month its priorities for a national plan on aging that sufficiently recognizes the changing demographics of the U.S. population, and the trend that will see 20% of all Americans become at least the age of 65 by 2030. “While other countries are responding to these changes by developing and...

Texas Capital Bank, after being granted an extension to respond to the federal government’s request to change the venue of the trial between the bank and Ginnie Mae, has filed an objection to the request saying that a “forum selection clause” cited by government attorneys is not enforceable. “Having lost its attempt to dismiss ’s claims, the government asks this court to transfer this case to...

Pennymac Financial Services earned a profit of $98.3 million in second-quarter 2024, more than double the $39.3 million it raked in during the prior quarter. And the company is getting its ducks in a row to seize on opportunities when interest rates fall, relying on its scale and servicing portfolio to outmuscle competitors. The California-based lender generated production revenue of $202.6 million from...

Mortgage and real estate executives attending HousingWire‘s Artificial Intelligence (AI) Summit in Dallas on Tuesday have already begun to collect some lessons learned from Friday’s global tech outage as the world is still dealing with its consequences.  Different companies were impacted to different degrees by the problem, but executives said it validates their decision to invest in in-house...

Real estate lending shop Dunmor has promoted two employees to senior leadership positions. Andy Thienkosol, a veteran in business-purpose lending (BPL), has been named chief operating officer of the California-based lender. Melissa Perez, a former director of operations at First Republic Bank, has joined Dunmor as senior vice president of operations. Thienkosol previously served as chief revenue...

While he may not have secured a spot on Team USA for the Paris Olympics, Boston Celtics shooting guard Jaylen Brown is fresh off a legacy-defining season. The eight-year NBA veteran made his third All-Star team, won Eastern Conference finals MVP and Finals MVP, and helped the Boston Celtics win their first NBA championship since 2008. And while he’s winning big on the court, he’s hoping to bank...

Are you wondering if Rentometer is still a viable option for 2024? We reviewed it in depth and covered the best Rentometer alternatives. Table of Contents What Is Rentometer?...

Whether you water manually or you have an underground sprinkler system, you want to water your lawn just the right amount to keep from drenching your grass. Dave Toht The first step in understanding how often and how long to water grass is to choose the best type of grass for your lawn, depending on where you live. Some grasses, such as St. Augustine, will do better in drier locations, while...

Its stench is even more impressive than its height. Photography by Mangiwau / Getty Images It’s the season of the corpse flower in Washington, D.C., and the deadly stench is attracting tourists to the scene of the crime: the U.S. Botanic Garden. Corpse flowers are known for their vibrant, 8-foot-tall blooms—and for smelling like, well, a corpse. They're a rare occurrence, with an estimated...