The Mortgage Bankers Association (MBA) has revised its previous 2025 mortgage forecast, raising its projection for purchase originations while trimming projections for refinances from its January forecast. Its updated forecast, released Feb. 19, put this year’s total origination volume at a projected $2.055 trillion, up slightly from January’s $2.052 trillion forecast. The MBA still forecasts…
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Existing-home sales started the year on a down note, dropping 4.9% month over month to a seasonally adjusted annual rate of 4.08 million in January, according to data released Friday by the National Association of Realtors (NAR). Despite the monthly decrease, existing-home sales were up 2% compared to the same month last year, marking the…
The virtual brokerage ended 2024 with 82,980 agents — a 5 percent drop compared to the previous year, according to Q4 earnings data. EXp also posted $1.1 billion in revenue in the final three months of last year.
The Arizona association will withdraw MLS Choice, but will still offer some resources to people holding real estate licenses who are not members of NAR.