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Forecasting Remodeling Spending Through First Half of 2025

Appraisal Buzz

According to the most recent Leading Indicator of Remodeling Activity (LIRA) from the Joint Center for Housing Studies (JCHS) , homeowner spending on upgrades and repairs is anticipated to increase through the first half of 2025 following a slight decline. To read the full report, including more data, charts, and methodology, click here.

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Fannie Mae economists expect two rate cuts in 2024, moderating home prices in 2025

Housing Wire

Home price growth in the second quarter was stronger than previously anticipated, but economists at Fannie Mae believe it will likely moderate soon, closing 2024 and 2025 at annualized rates of 6.1% Fannie also forecasts refi volumes to grow to $563 billion in 2025 as home prices continue to rise and mortgage rates fall.

Inventory 440
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Finance of America announces debt restructuring, staving off 2025 maturity risk

Housing Wire

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. FOA added that more than 90% of the parties to the 2025 unsecured debt agreement agreed with the restructuring.

Finance 384
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HUD, FHA further extend Maui foreclosure moratorium to 2025

Housing Wire

1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15 , which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan.

Insurance 271
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Housing Experts Forecast Home Price Growth Trends Into 2025

Appraisal Buzz

in 2025, according to the Q2 2024 Fannie Mae Home Price Expectations Survey (HPES) —conducted in collaboration with Pulsenomics, LLC. The post Housing Experts Forecast Home Price Growth Trends Into 2025 first appeared on The MortgagePoint. Following a 6.6% in 2024 and 3.2% for 2024 but lower than the previous quarter’s 3.4% projection.

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NAR board votes to leave dues unchanged in 2025

Housing Wire

The National Association of Realtors’ (NAR) board of directors voted to leave member dues unchanged in 2025. During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025. In 2023, NAR raised dues from $150 to $156.

Realtors 380
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Moehrl trial not likely until January 2025

Housing Wire

In a status report filed on Monday, the plaintiffs and the sole remaining defendant in the suit, HomeServices of America , each indicated they would be available for a three- to four-week trial starting Jan. The trial would take place in Chicago at the U.S. District Court Northern District of Illinois Eastern Division before Judge Andrea R.