The Pied-à-Terre-Tax Freakout, Explained

The ownership of every property in New York City is public and searchable through a funky website that takes a minute to master. Last week, when a slice of that data set — some 900,000 names and addresses — was published in another More »

NEXA’s Mike Kortas criticizes loanDepot, pitches LOs to switch companies amid ongoing lawsuit

An ongoing feud between loanDepot and NEXA Lending was brought to light again this week through a social media posst authored by NEXA CEO Mike Kortas, which urges loanDepot loan officers to join NEXA. In the post, which begins with the line “Attn: Loan Depot Loan Officers,” Kortas offered a year of

Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.66% Rate

Mortgage rates continued their upward momentum this week, as the average rate on 30-year fixed home loans hit 6.66% for the week ending July 30, up 8 basis points from 6.58% the previous week, according to Freddie Mac. This marks the highest average rate in one year. Despite this notable surge, curr

Several Retired Judges File to Formally Protest Tuccori Settlement Procedure

Four retired federal judges are formally protesting the procedure by which the National Association of Realtors® (NAR) and other big brokerages, including Anywhere, settled the buyer commission cases, saying that the practice will encourage “forum-shopping” by class-action defendants.  In a 22-page