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Opinion: What the ICE-Black Knight merger means

Housing Wire

Many industries began to deploy electronic supply chains in the 1980’s. Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet. Consumers, communities and taxpayers are major beneficiaries.

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Federal Reserve approves interest rate hike of half a percentage point

Housing Wire

“This change had been telegraphed clearly in recent speeches,” said Mike Fratantoni, chief economist for the Mortgage Bankers Association. “Mortgage rates are an incredibly important channel through which Fed policy affects the real economy. . .” Experts say Wednesday’s move wasn’t a surprise.

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Walker said the prospect of lower mortgage rates is prompting many agents to feel more positive about the 2024 housing market. Local builders are truly getting crushed by local governments,” Walker said. “As

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Dave Stevens on understanding this housing market

Housing Wire

I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. In fact, it was the skills I developed selling loans that helped develop my ability to influence policy leaders and others in industry during my time as Federal Housing Commissioner and as CEO of the Mortgage Bankers Association.

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The historic multifamily construction boom is already fading

Housing Wire

With mortgage rates hovering around 7% and home prices still at record highs, buyers across America are calling off the house hunt and finding multifamily apartments. . Some of his would-be buyers are renting apartments until mortgage rates markedly improve. Department of Housing and Urban Development. It could be a while.

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Homebuilders are primed for an even better 2024

Housing Wire

And with the ability to buy down consumers’ mortgage rates while still maintaining double-digit margins, new construction grew to comprise roughly 30% of total housing inventory in 2023, more than double a normal year. For more than a decade, housing has suffered a structural shortage of homes rooted in supply-side issues.

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The evolution of the more productive real estate agent 

Housing Wire

As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 But with rising mortgage rates, still-rising home prices, and record-low levels of inventory, this might be easier said than done. But not every day will end with a closed deal. In 2021, 6.12