Thu.May 15, 2025

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Housing affordability drops sharply for middle-class: NAR

Housing Wire

Housing markets across the country are grappling with a number of issues that have resulted in historically low home sales, and chief among them is the lack of affordability. Thats largely driven by a national housing shortage thats leading to fewer listings and thus driving up home prices. According to a new paper from the National Association of Realtors (NAR), the drop in affordability is present in all income brackets but its most stark among the middle class where the percentage of affordab

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More homes are for sale — but not at the right price point

Real Estate News

A new report from NAR and Realtor.com found that households earning $100k or less can afford far fewer homes today compared to before the pandemic.

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Foreclosures are up 14% in the past year, ATTOM says

Housing Wire

Foreclosure activity continued its upward trend in April, with a total of 36,033 properties receiving default notices, scheduled for auction or repossessed, according to the latest data from real estate analytics firm ATTOM. The figure represents a 0.4% increase from March and a 13.9% jump compared to April 2024. April’s foreclosure activity continued its gradual climb, with both starts and completions up annually, Rob Barber , CEO of ATTOM, said in a statement.

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Little chance of rate cuts in the current economy

Real Estate News

Mortgage rates ticked up this week, and it could take a recession to bring them down. But that doesnt mean a home sales rebound is off the table.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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MORE Seller Financing wants to debunk ‘the bad rap for wraps’

Housing Wire

In an era of high mortgage rates and stagnant home sales , a real estate transaction model is making waves by reintroducing and standardizing a once-popular financing method. Ryan Leahy, the founder of MORE Seller Financing , said his company has created the first nationwide platform to bring consistency, compliance and clarity to seller financing a practice that has been relatively diminished in the mainstream market.

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

Housing Wire

Another year of slow home sales resulted in a further decline in title insurance premium volume, according to the American Land Title Association (ALTA)’s Market Share Analysis report released Thursday. In 2024, the title industry generated $16.2 billion in premiums, down 7% year over year. This comes after 2023 posted a 31% annual decline compared to 2022.

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ACES: Rate of Critical Defects in Mortgage Loans Hit Near-Record Low in Q4 2024 

Appraisal Buzz

The rate of critical defects in mortgage loans post-closing was about 1.16% as of the end of the fourth quarter, reflecting a 23.18% decrease compared with the third quarter of 2024, according to ACES Mortgage QC Industry Trends Report. Thats the second-lowest defect rate on record while full-year results reflect a 9.5% year-over-year improvement despite lingering compliance and eligibility risks.

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Longbridge wins partial preliminary injunction against Mutual of Omaha

Housing Wire

The federal judge overseeing the case brought by reverse mortgage lender Longbridge Financial against market leader Mutual of Omaha Mortgage over allegedly deceptive advertising practices has ruled that some of Longbridges claims warrant limited injunctive relief, finding that the law and facts clearly favor some of Longbridges claims. The order was handed down Tuesday by Judge Dana M.

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Zillow settles lawsuit over StreetEasy listing fees

Real Estate News

An agent alleged the New York City-based home search site was continuing to collect fees for rental listings that were no longer displayed.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.

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Purchasing a home with all cash gives buyers a big advantage 

Housing Wire

The tight housing market of the last few years gave home sellers a substantial edge. Many buyers had to bid over a homes asking price just to have their offers considered. That led some savvy shoppers to make all-cash offers on homes, as it offered more certainty for sellers (making those bids more appealing) and gave buyers some much-needed negotiating power.

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Applications for New Home Purchases Increased 2 Percent in April

Appraisal Buzz

Applications for mortgages for new home purchases increased 2% in April compared with March and were up 5.3% compared April 2024, according to the Mortgage Bankers Associations (MBA) Builder Application Survey (BAS). Despite the ongoing economic uncertainty and mortgage rate volatility, April was a strong month for new home purchase activity, with applications posting an annual gain for the second straight month, says Joel Kan, vice president and deputy chief economist for the MBA, in a statemen

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NAR makes changes to its antitrust legal team

Housing Wire

The National Association of Realtors (NAR) has brought in an attorney from the same law firm that’s representing Elon Musk and New York City Mayor Eric Adams for two of its commission lawsuits. Last week, NAR made some changes to its legal counsel lineup by removing all attorneys from Cooley LLP including lead attorney Ethan Glass from the Moehrl and Gibson home seller commission suits.

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NAR: Despite Increased Inventory, Housing Affordability Gap Persists

Appraisal Buzz

U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March up slightly from 20.8% in March 2024, according to the National Association of Realtors (NAR) and Realtor.com 2025 Housing Affordability & Supply report. Even though inventory is up nearly 20% from a year ago, it is still far below pre-pandemic levels. As a result, home prices are at all-time peaks, with no sign of falling anytime soon.

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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Alaska offers tips to support successful aging in place

Housing Wire

In recognition of the cohorts size and contribution to the state, the Alaska Housing Finance Corporation is aiming to offer tips to older residents to make it easier for them to age in place in their own homes. According to a 2024 report from the Alaska Commission on Aging, the state is home to more than 160,000 residents at or over the age of 60 representing 21% of the states total population.

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Average Rate for a 30-Year Jumps But Remains Below 7 Percent

Appraisal Buzz

Mortgage rates increased this week, with the average rate for a 30-year fixed-rate mortgage rising to 6.81%, up from 6.76% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.02%. The jump comes just as the spring purchase market seems to be warming up. Sam Khater, chief economist for Freddie Mac, notes that the 30-year has remained below the 7 percent threshold for the 17th consecutive week.

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eXp Realty launches UPGRADE community with new hire

Housing Wire

Vija Williams a longtime real estate executive and current head of industry at technology platform PLACE is joining eXp Realty , where she will launch a new agent-focused initiative called UPGRADE. Williams, who also co-owns the Seattle -based Vija Real Estate team, described the move not simply as a career transition but part of a broader push to support real estate professionals across multiple dimensions of life and work.

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A&D Mortgage Closes Second Major Non-QM Securitization This Year

Appraisal Buzz

A&D Mortgage has completed its second major non-QM securitization of the year a $426.67 million transaction backed by 1,136 loans originated by the company. Non-QM loans represented 37.4% of the securitization while investment property loans represented 47.4%. The deal, which was done in conjunction with Bob Diamonds Atlas Merchant Capital and Imperial Fund, marks A&Ds 25th securitization issued with A&D-originated collateral.

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CoStar begins its journey of ‘meaningful self-help’

Housing Wire

There is no doubt that CoStar Group threw everything it had into the 2024 launch of the revamped Homes.com. From Super Bowl ads that were part of the firms $1 billion marketing spend , to a reallocation of nearly all of its sales staff, Homes.com debuted with a bang. And then things kind of fizzled. Now, roughly 15 months later, two of its hedge fund investors, D.E.

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Soft Spring Selling Season Takes a Toll on Builder Confidence

Eyes on Housing

Builder confidence fell sharply in May on growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook. However, 90% of the responses received in May were tabulated prior to the May 12 announcement that the United States and China agreed to slash tariffs for 90 days to.

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The 5 best real estate schools in Washington, D.C. for 2025

Housing Wire

If you’re thinking about becoming a real estate agent in Washington, D.C., you’re not alone. From historic brownstones to modern high-rises, D.C.s housing market has something for everyone. But first, you have to get a real estate license. But, with so many schools offering real estate courses, how do you know which one is actually worth your time and money?

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Mortgage renewals surge as home purchases decline, report says

Mortgagebroker News

Experts weigh in on the current climate

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Merger creates largest Century 21 firm in Louisiana

Housing Wire

Two established real estate firms in southern Louisiana have merged to form the largest Century 21 affiliate in the state. Century 21 Bessette Realty and Flavin Realty have combined operations under the new name CENTURY 21 Bessette Flavin , expanding their market presence across a wider region. The merger brings together two multigenerational companies with deep local roots and decades of industry leadership.

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What's the Best Form Builder for Your Business? 8 Options Compared

GoForrmz

Whats the Best Form Builder for Your Business? If youre asking yourself this question, youre not alone. Whether youre managing a small business, a field service crew, or a growing startup, the right form builder can save time, streamline workflows, and reduce costly manual errors. But with so many online form builder options on the market, how do you know which is best?

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Layoffs hit Dark Matter Technologies

Housing Wire

Dozens of employees at mortgage tech firm Dark Matter Technologies were laid off on Monday, multiple sources told HousingWire. It’s unclear how many were laid off, but sources said it was “massive” and impacted staffers in a variety of roles. Former employees told HousingWire the reason cited for the layoffs was the shaky “economy” and the company’s “bottom line.” Several described the layoff as “abrupt” and a surprise.

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Cost of Credit Eases for Builders and Developers

Eyes on Housing

The cost of credit for residential Land Acquisition, Development & Construction (AD&C) eased in the first quarter of 2025, according to NAHBs survey on AD&C Financing. During the quarter, the average contract interest rate declined on three of the four categories of loans tracked in the NAHB survey: from 8.48% in 2024 Q4 to 8.23%.

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Q1 2025 earnings for publicly traded mortgage and real estate companies

Housing Wire

HousingWire reports on the quarterly earnings of publicly traded mortgage and real estate companies, offering a glimpse into the financial performance of key players in the housing market. As earnings results wrap up for the first quarter of 2025, here’s a rundown of what’s happened at the major lenders, brokerages, listing portals and title firms.

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Florida Leads as America’s Vacation Destination

Empire Appraisal Group

News & Media Klaus Vedfelt, DigitalVisi, Getty Images Source: [link] Florida Leads as Americas Vacation Destination Florida hit a record 15.5% share of U.S. vacation travel in 2024, welcoming 142.9M visitors and leading the nation in tourism for the sixth year running. TALLAHASSEE, Fla. Florida has reached a historic milestone in tourism, securing an all-time record 15.5% share of the domestic vacation market in 2024, Gov.

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Angel Oak launches first HELOC securitization

Housing Wire

Investment manager Angel Oak Capital Advisors has completed its first securitization backed by home equity lines of credit ( HELOCs ) amid strong demand from investors. We remain solidly bullish on U.S. housing overall, relative to other areas of credit and the broader fixed-income landscape, Sreeni Prabhu, co-CEO and managing partner at Angel Oak, said a statement.

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3 Hacks to 1031 Exchange Your Primary Residence

BiggerPockets

Home prices have been on a run upward over the last few years, with homeowners finding that their primary residence is now worth much more than when they bought it.

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Mortgage defects saw a dramatic decline in 2024

Housing Wire

The national critical defect rate for mortgages fell to 1.16% in the fourth quarter of 2024. That marked the second-lowest level on record, according to a report released Thursday by ACES Quality Management. For the entire calendar year of 2024, the average critical defect rate was 1.52%, down 9.52% from 2023. Post-closing quality control data is collected through ACES quality management and control software and offers a snapshot of mortgage industry underwriting trends.

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RBC expects continued rate cuts from Bank of Canada and Fed

Mortgagebroker News

Easing trade tensions and slowing growth support additional monetary policy easing

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