Housing Wire

JANUARY 22, 2025

Willis left Keller Williams in 2016, but returned to the firm a viral Twitter hashtag and a legal battle resulting in a temporary restraining order. We have so much more to do together, and I look forward to being a part of that journey moving forward, confident in the company’s future direction and continued growth.

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Housing Wire

DECEMBER 9, 2024

Jared Kessler founded the fintech in 2016 and has since raised money from several venture capital firms. New York-based EasyKnocks business model allowed homeowners to sell their properties to the company but remain as renters while receiving cash for their financial needs.

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Modernization Investors Law Investing 370

Housing Wire

OCTOBER 17, 2024

Better claims it has funded more than $100 billion in mortgages since 2016. But president and chief operating officer Chad Smith told HousingWire recently that the firm plans to hire 40 to 50 licensed LOs each month, with a goal of 1,000 new originators over the next 18 months. The digital lender posted a net loss of $42.2 million.

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Loan Officers Tools Technology Mortgage 435

Housing Wire

MARCH 18, 2025

By 2016, this figure had increased to more than 16%. Census Bureau. The share of cost-burdened households led by older adults has also increased, the report noted. In 2000, 11.5% of older households reported facing housing cost burdens. While home prices, mortgages and other fees are drivers of this burden, they are not alone.

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Housing Market Property Taxes Marketing Insurance 364

Housing Wire

MARCH 10, 2025

Importantly, new construction activity outpaced household formations for the first time since 2016. Construction highlights Even though new construction activity outpaced household formations for the first time since 2016, fewer than 1 million new households were formed in 2024. But as Hale pointed out, the U.S.

Construction 361

Construction Inventory Housing Market Marketing 361

Appraisal Buzz

OCTOBER 24, 2024

Nonetheless, a slowdown started in 2016, and by the end of the year, monthly totals for commercial foreclosures had dropped below 500. Between 2014 and 2015, the number of business foreclosures increased steadily, reaching a high of 889 in October 2014. This pattern persisted throughout the years before to the pandemic.

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Real Estate Business Government Appraisal 397

Housing Wire

FEBRUARY 13, 2025

Prior to starting his tenure as the head of the firms West Coast operations in 2016, he was also the chief operating officer of the brokerage. In addition to Kotler stepping down, Douglas Elliman is also planning to close two offices in California, one in Malibu and another in Pasadena.

Brokerage 336

Brokerage Agents Real Estate 336

Housing Wire

MARCH 19, 2025

Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin. Meanwhile, SFR funds concentrated on similar property types but competed across multiple regions. decline from Q4 2023, the steepest drop in a year.

Investors 377

Investors Real Estate Buyers Marketing 377

Appraisal Buzz

MARCH 13, 2025

This modest increase continues a recovery from its 2016 low of 49.3% As housing affordability reached its lowest point since 2006, one group stood out in defying market trendssingle women. In 2024, the homeownership rate among single women rose slightly to 51.9%, up from 51.8%

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Housing Market Marketing Home Value Tools 394

Appraisal Buzz

MARCH 20, 2025

peak over the past decade in 2016. The ROI on median-priced home flips nationwide has dropped 16 percentage points since 2020 and is off by 25 points since the highwater mark over the past decade hit in 2016. in 2023, and from 29.4% However, ROI remained barely more than half of the 54.2%

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Renovations Investors Finance Property Taxes 355

Housing Wire

SEPTEMBER 15, 2024

That condition was finally met in 2016 when the FHFA increased the conforming limits for the first time in a decade. Here are the increases in FHFA’s conforming loan limit for one-unit loans for the lower 48 states since 2016. 2016: $417,000 2017: $424,100 — 1.7% increase 2018: $453,100 — 6.8% increase 2019: $484,350 — 6.8%

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Mortgage 505

Housing Wire

MARCH 8, 2025

Between 2016 and 2024, the share of single women was between 17% and 20%.” Today, those shares stand at 62% for married couples, 20% for single women, and 8% for single men,” the post read. “The highest share of single women buyers was in 2006, when the share stood at 22%.

Buyers 358

Buyers Legal Realtors Realty 358

Housing Wire

OCTOBER 15, 2024

McKinney, who’s been CEO of Benchmark since 2016, will serve as executive vice president for growth and strategic development at PrimeLending. Brian McKinney, formerly the CEO of Benchmark Mortgage (a dba of Ark-La-Tex Financial Services ), has joined PrimeLending in a newly created executive position.

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Loan Officers Business Mortgage Development 448

Housing Wire

JANUARY 24, 2025

Reverse mortgage complaints were on a steady downward trend from January 2016 (562) through January 2020 (247), before spiking to 425 by January 2022. The reverse share accounts for 1.4% of the 21,236 complaints received by the mortgage industry at large, with the largest number of complaints tied to the conventional mortgage space (12,853).

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Mortgage Finance Business 417

Housing Wire

MARCH 20, 2025

Despite the mild growth in ROI, profit margins for home flips remain far below their 2016 peak of 54.2%. The top market for FHA buyer activity was Merced, California, where 38.3% of the flipped homes were resold to buyers using FHA financing. Lakeland, Florida (27%), and Bakersfield, California (25.9%), were next on the list.

Investors 346

Investors Finance Renovations Buyers 346

Appraisal Buzz

OCTOBER 21, 2024

Between 2016 and 2022, the average payment-to-income ratio for families with heads of household aged 25 to 34 dropped from 7.4% Average student loan balances have increased from $12,600 in 1992 to $40,600 in 2022 (adjusted for inflation). How does this happen?

Buyers 397

Buyers Finance Investing Appraisal 397

Appraisal Buzz

MARCH 25, 2025

Household formations were surpassed by new construction activity for the first time since 2016. According to a Realtor.com research, in 2024, new home development exceeded household formations for the first time since 2016. In 2024, fewer than 1 million new households were created, which is the lowest yearly growth rate since 2016.

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Construction Inventory Development Law 221

Housing Wire

OCTOBER 13, 2022

A new LendingTree study found that mobile homes are cheaper and their values appreciated almost as quickly as single-family homes over five years, from 2016 to 2021. The states with the highest increase in the median value for mobile homes from 2016 to 2021 are Rhode Island, Nebraska and Idaho.

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Home Value Law Housing Market Buyers 435

Housing Wire

MARCH 4, 2025

The two patents were issued in 2016. In the suit VCA claimed that Redfin is using technology that infringes on two of the companys patents (No. 9,501,480 and No. 9,477,665) without permission. These patents describe a system for managing and distributing user-generated content in an efficient, scalable and interactive way.

Legal 241

Legal Technology Real Estate 241

Appraisal Buzz

NOVEMBER 26, 2024

He is also an online contributor to Forbes, Chairman of the Board of Cascade Policy Institute, and the author of The Flexible Stance: Thriving in a Boom/Bust Economy (2016) and Businomics (2007), a book about economics for business leaders.

Real Estate 367

Real Estate Tenants Insurance Construction 367

Housing Wire

JUNE 3, 2024

Ben Metcalf, of the the Terner Center for Housing Innovation at the University of California at Berkeley, said in February that the state has had 140 distinct pieces of legislation on housing affordability since 2016, but these laws haven’t made much impact in the permitting numbers.

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Law Architecture Contracts Housing Market 482

Housing Wire

MARCH 5, 2025

Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin. Investors purchased 47,004 homes during the quarter, marking a 3.9% decline from Q4 2023, the steepest drop in a year.

Investors 353

Investors Real Estate Investing Housing Market 353

Appraisal Buzz

MARCH 25, 2025

peak over the past decade in 2016. The latest nationwide return on investment (before accounting for mortgage interest, property taxes, renovation expenses and other holding costs) was up from 28.6% in 2023 and from 29.4% But it remained barely more than half of the 54.2%

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Renovations Property Taxes Investors Investing 195

Appraisal Buzz

APRIL 3, 2025

of listings, the largest percentage for any March since at least 2016. Three more days were spent on the market than a year ago, with a median of 53 days spent on the market. Price reductions affected 17.5% March 2025Housing Metrics National Metric Change over Mar. 2024 Change over Mar. 2019 Median listing price +0.0% (to $424,900) +38.9%

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Inventory Buyers Contracts Sellers 335

Housing Wire

SEPTEMBER 3, 2024

Palim joined Fannie Mae in December 2009 and was promoted to deputy chief economist in July 2016, according to his LinkedIn profile. Duncan joined Fannie Mae after a 15-year stint as an economist at the Mortgage Bankers Association (MBA). He will assist with the transition and will leave Fannie on Dec.

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Government Mortgage Marketing Finance 435

Housing Wire

JANUARY 15, 2025

But those using marijuana in compliance with the state’s Medical Marijuana Act of 2016 will not be terminated from the program due to a disability as long as they submit a request for reasonable accommodation.

Law 370

Law Legal Insurance Government 370

Housing Wire

NOVEMBER 27, 2023

The index shows the relative degree of movement between brokerages by experienced agents and is indexed to the level of mobility in January 2016. This percentage is normalized to reflect a value of 100 at the level of movement in January 2016 (0.7313%). The most recent trailing 12-month value shows a new low of 89.4,

Real Estate Agent 468

Real Estate Agent Real Estate Agents Brokerage 468

Housing Wire

NOVEMBER 24, 2020

In 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has gone up by $131,250. The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021: $548,250. This is a 7.5%

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Home Value Finance Mortgage 546

Housing Wire

MARCH 18, 2022

To show some historical perspective on the NAR breakdown of the different types of homebuyers, the chart below shows market conditions back in 2016. As you can see from this NAR report, cash buyers as a percent of sales is slightly lower now than levels in 2016.

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Housing Market Marketing Inventory Sellers 542

Housing Wire

JUNE 10, 2024

Yu began her career in real estate in 2016 after transitioning from a career in accounting. Yu was most recently affiliated with Compass , operating out of its Burlingame office. In 2023, Yu closed 29 sides, representing $63 million in sales volume. That was good for the No. 173 slot in California and the No.

Realty 448

Realty Agents Real Estate Inspection 448

Housing Wire

AUGUST 26, 2022

After launching its flat-fee brokerage in 2016, the firm acquired startup mortgage lender Lenda in 2019, which it integrated into Reali Loans. . Since 2016, Reali has raised more than $290 million in funding, with its latest $100 million raise in August 2021 led by Zeev Ventures. . and 25 in Israel.

Real Estate 418

Real Estate Brokerage Business Lending 418

Housing Wire

JUNE 16, 2023

The below-median family income homeownership rate increased to 53% from 48% since 2016, Freddie Mac said, citing data from the Census Bureau ’s Housing Vacancy survey. Since the second quarter of 2016, the below-median family income homeownership rate has increased 5.4 percentage points, according to the Census Bureau’s data.

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Housing Market Government Mortgage Marketing 418

Housing Wire

FEBRUARY 26, 2024

Greene began his tenure at CoreLogic in 2016, where he held key roles in strategic leadership and sales capacities. . (…) I look forward to guiding my team as we set the pace to transform the residential real estate industry,” Greene said in a statement.

Real Estate 448

Real Estate Business Real Estate Agent Clients 448

Housing Wire

JULY 16, 2024

RentRedi was founded in 2016 and is backed by venture capital. “Working alongside NAR opens the door to many collaborative initiatives, including positioning RentRedi as the go-to property management tool for real estate agents and their clients.” According to Crunchbase , the company raised $12 million in a Series A funding round.

Landlords 433

Landlords Tenants Real Estate Agent Property Management 433

Housing Wire

SEPTEMBER 23, 2024

Reed brought a banking and finance background to real estate when she became an agent in 2016 and has shown a knack for marketing. “The platform that Real has built is really tailored to the unique needs of my team, which has made our transition seamless.”

Brokerage 448

Brokerage Agents Real Estate Finance 448

Housing Wire

JUNE 6, 2024

Celink has been reviewed by Moody’s since 2016; initially receiving a SQ2- rating, which was upgraded to SQ2 in 2021, and has remained consistently at that level since,” Celink noted in its announcement about the rating. The SQ represents Moody’s view of a servicer’s ability to prevent or mitigate asset-pool losses across changing markets.

Mortgage 448

Mortgage Contracts Investors Investing 448

Housing Wire

OCTOBER 27, 2023

Compass entered the Colorado market in 2016 and now has 13 offices and 1,100 agents. In 2022, the team sold $49.1 million worth of real estate. The move of these four teams to Compass in Denver comes two months after the Infinity Pros team joined in August.

Real Estate 435

Real Estate Brokerage Agents Technology 435