Proprietary reverse mortgages, rather than government-insured Home Equity Conversion Mortgages (HECMs), are driving the reverse mortgage industry’s recent growth, according to an analysis of Home Mortgage Disclosure Act (HMDA) data published Wednesday by New View Advisors. Total reverse mortgage volume rose from $6.25 billion in 2023 to $7.51 billion in 2024 and $9.65 billion in […]
ONE Sotheby’s International Realty has added luxury real estate advisor Julian Johnston, bringing more than $10 billion in career sales and more than $400 million in active listing inventory to the brokerage. Johnston, who specializes in Miami Beach waterfront and ultra-luxury estate properties, joins the firm’s Miami Beach office and will continue serving clients from
ONE Sotheby’s adds $10B luxury broker Julian Johnston Read More »
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, maintaining a target range of 3.5% to 3.75% for a fifth consecutive meeting. Heading into the meeting, most monetary policy watchers had expected the Fed to stand pat after inflation cooled in June. Still, a minority (about 30%) had penciled in a hike, a
Fed pauses rates again as Middle East tensions risk hotter inflation Read More »