"February 19, 2025" Archives

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Why your real estate team won’t scale without partnerships

Any veteran real estate leader understands the balancing act running a team. You’re essentially responsible for scaling gross commission income (GCI) for everyone. You must do this while maintaining a sustainable level of margin with increasing expenses. What is the best way to make this happen? Strategic partnerships are the way to go. Leveraging other…

Homebuyers are adjusting to the new normal of 7% mortgage rates

As the 2025 spring homebuying season approaches — and the tone is set for what the rest of the year could look like — the long-term costs of a home loan are inching lower even as fears of inflation, unemployment and tariffs loom large. HousingWire’s Mortgage Rates Center showed that 30-year fixed rates for conventional…

Australia, New Zealand-based reverse pros share insights

Reverse mortgage industry conferences are often seen as an effective way for professionals to meet up, discuss best practices from across their markets and assess the regulatory environment at entities like the Federal Housing Administration (FHA) and within the states. Occasionally, U.S.-based reverse professionals also get the opportunity to connect with practitioners in other parts…

California insurance commissioner rejects State Farm’s request for 22% rate increase

On Friday, California insurance commissioner Ricardo Lara rejected State Farm’s request for “emergency” rate increases, going against the recommendation of his staff experts. The request from State Farm involved insurance rate increases that would have gone into effect on May 1, 2025. The proposed increases were 22% for single-family homeowners, 15% for 15% for condominium…

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