Dave Mele exits as Homes.com president

Dave Mele, president of Homes.com since 2014, has left CoStar Group to pursue “an opportunity outside of the real estate industry,” he confirmed to Real Estate News on Friday. During his tenure, Mele guided Homes.com through its acquisition by CoStar in 2021 and its emergence as a significant player
Read MoreHome prices in opportunity zones show mixed trends in Q1 2024

Median prices for homes and condominiums in federally designated opportunity zones rose in 49% of areas from fourth-quarter 2023 to first-quarter 2024, according to a report released Thursday by Attom. On a year-over-year basis, however, prices increased in nearly two-thirds of these zones. Attom an
Read MoreHUD doles out $26M to promote fair housing and combat discrimination

The U.S. Department of Housing and Urban Development (HUD) on Friday announced the availability of $26 million in funding to be distributed to state and local housing agencies to enforce fair housing practices and to combat discrimination. The money will be distributed via noncompetitive funding for
Read MoreU.S. Bank appoints new retail lending leader

U.S. Bank appointed John Hummel to lead its East market for retail home lending. Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in orig
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