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Opinion: The end of seller speculation in US housing market

Housing Wire

Even though sellersโ€™ median valuations in each of these housing markets grew by an astounding 40% or more over the previous year, only one market, Panama City, Florida, saw a year-over-year increase in the number of homes newly listed for sale. The end of seller speculation in the housing market is long overdue and welcome news for buyers.

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Risks of nonbank mortgage sellers and servicers revisited

Housing Wire

They found that: โ€œof the 19 nonbanks and depositories that funded their originations using both warehouse lines and SIVs in the precrisis period, only two, Nationstar Mortgage and Suntrust , survived until 2017.โ€ The post Risks of nonbank mortgage sellers and servicers revisited appeared first on HousingWire.

Sellers 421
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NAR adds home improvement contractorโ€™s app to Realtor benefits

Housing Wire

โ€œThis collaboration reflects our dedication to equipping NAR members with innovative solutions that cater to the evolving needs of their clients, ensuring a smooth experience for sellers and buyers alike,โ€ said Rhonny Barragan, NAR vice president of strategic alliances in an announcement of the deal.

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Opinion: Agencies are key to fixing housing affordability

Housing Wire

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely. But now a new threat is emerging on this front.

Sellers 447
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Top Louisiana indie brokerage joins The Real Brokerage

Housing Wire

Led by Carrie Thรฉard and Sean Hettich, District Southโ€™s 40 agents serve home buyers and sellers in Louisianaโ€™s Acadiana region. Thรฉard and Hettich joined forces in 2017 to create District South. Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday.

Brokerage 395
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Minority homeownership gains ground, but disparities persist: NAR

Housing Wire

Over the past decade, Asian and Hispanic Americans experienced the largest gains in homeownership rates, while white homeownership has remained steady at about 70% since 2017. But it fell slightly from 2021 (65.4%) due to higher mortgage rates and inventory constraints.

Buyers 419
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Opinion: Release the GSEs from conservatorship

Housing Wire

In fact I testified in front of Congress in 2017 stating such. Prior to the collapse of Fannie and Freddie, pre 2008, the GSEs would give preferred pricing to their largest sellers in what was known as โ€œallianceโ€ agreements. The spread in pricing between a large seller and a small one was significant.

Sellers 541