Real Estate News 05/21/2025

Today’s News Synopsis:

In The News:

Real Estate News  – “Zillow to start blocking some listings in June” (05-20-25)

“New rule alert: Listings not widely available will be flagged May 28 and could face a ban by June 30.“

CNBC – “Mortgage rates cross back over 7% after U.S. credit downgrade“ (05-19-2025)

“The rate on the 30-year fixed mortgage crossed 7%, hitting its highest level since April 11.”

RentRedi –  “Why Background Checks Are the #1 Priority for Landlords—Tenant Screening Survey Trends“ (05-20-25)

“According to a RentRedi-BiggerPockets survey, 40% of landlords surveyed said that background checks are the most important aspect of screening a tenant. ”

NationalMortgageNews – “Fed exploring Home Loan bank collateral interoperability“ (05-19-25)

“Banks could soon be able to position assets as collateral to both the Federal Reserve’s discount window and the Federal Home Loan Bank System.”

MortgagePoint  – “Foreclosure Activity Continues Its “Gradual Climb”(05-15-25)

“According to ATTOM’s U.S. Foreclosure Market Report for the month of April, a total of 36,033 U.S. properties reported foreclosure filings—default notices, scheduled auctions or bank repossessions—up 0.4% from the prior month, and up 13.9% from a year ago.“