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Boomers Passing the Equity Torch to Younger Generations

Appraisal Buzz

This most recent study comes after two earlier studies conducted by Freddie Mac in 2016 and 2021, which aimed to monitor boomers opinions and attitudes in a number of important areas. Compared to 2021 (81%), this is lower than in 2016 (76%). Key findings include: Retirement perceptions.

Finance 433
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The state of US homeownership: Younger buyers hold the key

Housing Wire

in Q2 of 2016. from 2008-2016. Early in the last decade, I made a bold and somewhat controversial prediction : the homeownership rate would drop to between 62.2%-62.7%. I was off by 0.2%, and the lowest we got was 62.9% Demographic trends shifted First and foremost, demographic trends were shifting dramatically.

Buyers 477
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Many Homeowners With Mortgages Locked Into High Interst Rates 

Appraisal Buzz

homeowners with mortgages nationwide have an interest rate higher than or equal to 6%, the highest percentage since 2016. in Q2 2022 and the lowest share since the Q4 2016. of mortgaged homeowners have a rate greater than or equal to 6%, the highest share since Q4 2016. According to a recent Redfin analysis, some17.2%

Mortgage 347
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Ally Financial closes mortgage origination business

Housing Wire

Detroit-based Ally Financial exited the mortgage business in 2012, reentered in 2016 with the launch of its direct-to-consumer mortgage platform, Ally Home, and went fully digital in 2019 through a partnership with Better.com.

Business 418
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Douglas Elliman fires brokerage CEO Scott Durkin

Housing Wire

Durkin joined Douglas Elliman in 2015, becoming chief operating officer in 2016 and president in 2017. .” Durkin’s dismissal came just days after the firm announced the retirement of parent company CEO Howard Lorber. Michael Liebowitz, the firm’s board director, was named the new chairman and CEO.

Brokerage 434
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Real’s roster grows ever larger with addition of 400-agent Amerivest Realty

Housing Wire

Ballarino began his career in 1994 with Winfield Associates , Amerivest’s predecessor, taking ownership of Amerivest in 2016. “This aligns seamlessly with Real’s mission of innovation and excellence, and we are excited to support Joe and his team as they continue to push boundaries in the industry.”

Realty 397
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Agent mobility hits lowest point in eight years

Housing Wire

the lowest since 2016, indicating a sharp decrease in agent movement compared to previous years. This decline suggests that agents are increasingly hesitant to switch brokerages as we move deeper into the fall season.

Agents 459