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Real estate investors purchased 16% of homes in Q3 2024

Housing Wire

year over year in Q3 2024, representing a small change after four years of fluctuations. billion worth of properties in Q3 2024, up 3.4% of all homes sold in Q3 2024, down from 16.2% As the U.S. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% Investors purchased $38.8

Investors 487
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Why didn’t we see a national home-price correction in 2024?

Housing Wire

Notably, we compared the data from 2022 and 2023 and noticed positive year-over-year data starting in October 2024, which you can see in the chart below. Active inventory typically decreases at this time of year, but in 2024 it did not drop below 1 million. For me, the highlight of 2024 was the growth in active inventory.

Inventory 482
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Title premium volume dropped 7% in 2024 as housing market slowed

Housing Wire

In 2024, the title industry generated $16.2 In addition to the decrease in premium volume generated, the title industry also paid more than $676 million in claims in 2024 up from $638 million a year earlier. The five states with the largest title premium volumes in 2024 were Texas ($2.37 in 2024. billion), Florida ($1.97

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Survey: Home insurance rates rise for most policyholders in 2024

Housing Wire

homeowners saw their insurance rates increase in 2024, according to a recent survey by ValuePenguin. The survey of nearly 2,000 consumers found that 67% experienced rate increases in 2024, down slightly from 72% in 2023. Two-thirds of U.S. Gen Z respondents (79%) were most in favor of government action.

Insurance 368
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Pending home sales limped to the end of 2024

Housing Wire

According to Bright MLS chief economist Lisa Sturtevant, 2024 marked a 30-year low for pending home sales. Economic data never moves in a straight line. High mortgage rates have not significantly dented housing demand due to greater numbers of cash transactions.

Contracts 415
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Here are the top 25 mortgage lenders of 2024, per HMDA

Housing Wire

United Wholesale Mortgage remained king of the hill when it came to mortgage originations in 2024. The data shows that UWM vastly outpaced rivals in 2024. The lender claimed roughly 6% marketshare in 2024 (for a growth rate of 24.4%) with nearly $140 billion spread across 366,000 loans. 4 in the 2024 HMDA rankings.

Mortgage 394
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Finance of America reports Q4 loss, full-year profit for 2024

Housing Wire

Reverse mortgage leader Finance of America (FOA) recorded a quarter-over-quarter loss in the fourth quarter of 2024, but still notched a full-year profit. The company reported a 77% increase in growth between the first and second halves of 2024. per share reflects our continued strong performance for 2024.

Finance 379