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Home prices are dropping like it’s 2009

Housing Wire

Home prices are now posting the biggest monthly declines since January 2009, according to the latest Mortgage Monitor report from Black Knight. The post Home prices are dropping like it’s 2009 appeared first on HousingWire. Las Vegas, Austin, Minneapolis, Washington, D.C.,

Inventory 523
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Loan mod scheme from 2009 finally gets settled at $4.6M

Housing Wire

According to the DOJ, from 2009 through 2015, Lindeman and his wife targeted Hispanic homeowners through Spanish-language advertising that promised to cut mortgage payments in half. The post Loan mod scheme from 2009 finally gets settled at $4.6M The DOJ said some of the homeowners targeted had limited English proficiency.

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ROI on Home Flips Falls to Lowest Level Since 2009

Appraisal Buzz

The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on DSNews. The post ROI on Home Flips Falls to Lowest Level Since 2009 appeared first on Appraisal Buzz. Despite home-flipping rates reaching new highs, representing 9.6% of total home sales in Q1, ATTOM reports that profit margins on flips hit a 13-year low.

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Property Tax Revenues See Largest Increase Since 2009

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] 1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021.

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HECM program study assesses policy impacts of recent years

Housing Wire

In its executive summary, the report found that the HECM program grew “substantially” during the 2000s and reached its height of 114,000 originations in 2009. Overview of findings The report was released to the public in November 2023. While all HECM borrowers are aged 62 or older, the age profile of borrowers has trended younger over time.”

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Texas-based independent brokerage joins The Real Brokerage

Housing Wire

Ware, who founded The Property Shop in 2009, will serve as a growth leader at Real and help to build visibility for its brand. The Property Shop is the largest independent brokerage in Fort Worth. Real’s Private Label Program offers the best of both worlds,” Ware said in a statement.

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Demand for apartments turns negative for first time since 2009

Inman

A slowdown in new leases paired with higher inventory is expected to hike vacancies and put pressure on rents. The balance of power in the rental market is rapidly shifting to renters.".

Inventory 127