Bilt raises $250M to expand into mortgages, with backing from UWM

Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender.The funding brings Bilt’s valuation

Century 21 expands in Utah, adding Edge Real Estate

Century 21 Real Estate has announced the affiliation of Edge Real Estate, a Kaysville, Utah-based brokerage founded by Tiffany Kennard.The move expands the footprint of the Century 21 brand along Utah’s Wasatch Range and marks the rebranding of the firm as Century 21 Edges.Founded two years ago, Edg

RedKey Realty Leaders merges with RE Source, launches commercial division

RedKey Realty Leaders has announced a merger with RE Source LLC, a boutique commercial brokerage founded in 2001. The partnership, finalized on July 5, marks the official launch of RedKey’s commercial real estate division and adds a new office location in St. Louis.The merger brings seven commercial

Michael Campbell joins Title Resources Group as Michigan underwriting counsel

Title Resources Group (TRG) has named Michael Campbell as a vice president and underwriting counsel for Michigan.In this role, Campbell will support TRG’s title agents and escrow officers across Michigan and the broader Midwest.“Michael’s diverse title agency and underwriting background in high-volu

Why empathy is the leadership superpower real estate needs now

The qualities of great leadership are being redefined. Nowhere is this more evident than in high-stakes industries like real estate, where emotions can run high and relationships are paramount. While significant management experience or operational expertise are still important, it is the so-called

Trade groups applaud Jonathan Gould’s confirmation to OCC

On Thursday, the U.S. Senate confirmed Jonathan Gould as head of the Office of the Comptroller of the Currency (OCC) in a 50-45 vote.The confirmation marks another Trump administration appointee who supports more lenient oversight of the banking sector and a more welcoming stance toward cryptocurren

Housing market slowdown hits retirees long after they’ve sold

In 2020, Arlene Kohen, an 89-year-old widow, moved into Harborside, a luxury continuing-care retirement community in Long Island, New York. She paid a $945,000 entrance fee and $5,700 per month, with Harborside promising to refund 75% of the entrance fee upon death or departure.But after struggling

Brandi Lewis returns to Keller Williams in Atlanta

Brandi Lewis, a prominent Atlanta-based real estate agent, has rejoined Keller Williams as of July 1, affiliating with Keller Williams Realty West ATL.Lewis, who began her real estate career with Keller Williams, has been appointed as director of luxury at the brokerage. The firm includes more than

Top Florida real estate team signs on with Compass

Compass has added The Korman Group — a high-performing real estate team led by Michael Korman — to its South Florida operations.The group will base its work out of Compass’s Boca Raton office, with operations extending into Miami, Fort Lauderdale, Palm Beach and Jupiter.Korman, who previously served

Atlas VMS acquires appraisal order management platform

Miami-based Atlas VMS on Wednesday announced the acquisition of appraisal order management platform AIM-Port. Atlas called the move a “significant step” in developing technology-driven solutions to better serve U.S. mortgage lenders and appraisal management companies (AMCs).“The acquisition of this

RentSpree partners with Hive MLS to expand access in Southeast

RentSpree has partnered with Hive MLS to integrate rental application and tenant screening tools directly into Hive’s multiple listing service platform. The new integration will be available at no cost to Hive MLS subscribers in Georgia, North Carolina and South Carolina. Hive MLS services more than

Compass names new regional vice president for the Gulf Coast

Compass is welcoming a new regional vice president for its Louisiana and Mississippi region. David Favret is joining Compass in this role, according to an announcement on Wednesday. Favret most recently served as the managing broker at Rêve Realtors, but has previously served as a broker at Latter &

NAR again seeks dismissal of discrimination and harassment suit

The National Association of Realtors (NAR) is once again seeking to dismiss allegations brought by former employee Roshani Sheth in her ongoing discrimination lawsuit against the organization.NAR filed another motion to dismiss the suit on Tuesday. This filing deals with Sheth’s second amended compl

‘I want one source’: Consolidation is picking up in the MLS space

The housing industry is currently rife with consolidation, but the same wave of mergers and acquisitions has not taken the multiple listing service (MLS) sector by storm. Over the past two decades, the number of MLSs across the country has greatly decreased. As recently as a decade ago, there were m

Zillow: US housing shortage hit 4.7 million in 2023

The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data.Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing mil

GTCR purchases majority stake in Clear Capital

Private equity firm GTCR announced on Tuesday that it has made a significant investment in national real estate analytics and data solutions company Clear Capital.As part of the investment, GTCR is partnering with Clear Capital co-founder and CEO Duane Andrews. The transaction represents Clear Capit

Top New York City broker makes the move to Corcoran

The Corcoran Group is welcoming one of New York City’s top small real estate teams to the firm. On Wednesday, the brokerage announced that The Kathy Murray Team is making the move to Corcoran.Murray was previously brokered with Douglas Elliman, where she spent the past two decades of her career. “Ka

Lawsuit claims Xactus, Equifax, others violated Fair Credit Reporting Act

A plaintiff in California is claiming that Xactus and Equifax did not conduct a “reasonable” investigation into claims of identity theft, which harmed her credit and violated the Fair Credit Reporting Act. The suit was filed in late May in the Superior Court of San Bernardino County, California, by

Supreme Court ruling allows Trump’s federal workforce cuts to proceed

President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government.The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Departme

Agents say Cape Coral’s housing market is correcting, not crashing

Headlines that call Cape Coral, Florida, the “worst housing market in America” and liken it to precursors of the 2008 financial crisis have garnered discussions across the real estate industry. But local experts and data suggest the reality is far more nuanced.While a recent article from The Wall St