Regional results underscored that unevenness. The well-supplied West led all four regions with an 8.9% year-over-year affordability gain, followed by the South at 8.3% and the inventory-constrained Midwest at 6.2%. The Northeast was the exception, where home prices rose 3.9% against regional wage growth of just 3.2%, producing the smallest improvement nationally. For brokers qualifying…
Single-family rents marched higher in May, supported by outsized appreciation during the spring rental season, according to a new analysis published Thursday by Cotality. Rents for single-family houses rose 1.3% year over year in May, the real estate analytics firm said, slowing to half the 2.6% growth rate recorded a year earlier. Northeast and Midwest…
Mike Pearson (pictured top), SVP of business development at AD Mortgage, said the growth reflects a combination of borrower demographics, insurance conditions, and property economics that have made California unusually well-suited for alternative lending. “California was already a great non-QM market,” Pearson told Mortgage Professional America. “But then you throw in these additional factors, and…
Key Takeaways Jamie Dimon is the CEO of JPMorgan Chase, the largest bank in the U.S. by assets. Dimon recently urged people to stop worrying about AI’s impact on jobs. He said AI has “created a lot of jobs” at JPMorgan and “reduced jobs” in other areas “a little bit.” JPMorgan Chase CEO Jamie Dimon,…
Visa Inc. has been involved in various stages of stablecoin processing for the last three years, but this week the card network stepped up its involvement with the cryptocurrency, launching Visa Stablecoin Platform. The new service is starting out in beta testing with “select clients,” Visa says, as companies determine how the technology may work…
Real estate investment trusts are in the middle of a rebound. The FTSE Nareit All Equity REITs Index returned 14.9% through mid-year 2026, outperforming the Russell 1000 by 4.6 percentage points, according to Nareit. Key Takeaways: RDOG has gained 22.1% year to date, ETF Database data show. National Storage Affiliates surged 66.16% on its Public…
Is your AI paying off? Today, OpenAI CFO Sarah Friar published the scorecard she uses for telling whether you are actually getting economic value from AI spend. For years, software success was measured through adoption—seats, active users, and renewals, Friar notes. She argues that AI is different: it must be measured by the work it…
When the Equal Employment Opportunity Commission opened an investigation into Nike’s diversity practices, it was unusual for a number of reasons. The federal agency’s mission has long been to enforce anti-discrimination laws, which involved pursuing claims brought by workers who had faced bias over their race or gender or other aspects of their identity. The…
Only 50% of homes that leave estate agents’ books in the UK are progressing to exchange and completion, according to market data analysed for week 27 of 2026 by Rob Smith, managing director of Hunters, Northwood and Whitegates at The Property Franchise Group. The figures reveal that in June 2026, 66,200 exchanges were recorded whilst…
Amid all the gloom and doom, there are ways to change the math in your favor.