Wed.Mar 19, 2025

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Mortgage applications drop after weeks of growth

Housing Wire

Mortgage applications decreased 6.2% from last week, which marked the first decrease in several weeks. That’s according to the latest data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending March 14, 2025. The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier.

Mortgage 410
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Short sales are BACK (sort of)

Sacramento Appraisal Blog

Wait, are short sales back? Yes, they are. But let’s unpack what this means and sift through the hype. Also, I have some thoughts about comp selection and VA carnage. I’d love to hear your take in the comments. UPCOMING SPEAKING GIGS: 3/20/25 HomeSmart iCare Realty 4/2/25 SAFE Credit Union (RSVP here) 4/10/25 Yuba-Sutter Association […] The post Short sales are BACK (sort of) first appeared on Sacramento Appraisal Blog.

Realty 343
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SFR investors scaled back home buying in 2024

Housing Wire

Institutional home-buying activity remained subdued last year as transactional players including iBuyers , flippers, and sales leaseback firms dominated the market. While major single-family rental (SFR) funds continued to make acquisitions, their volume was significantly lower than during the post-pandemic surge of 2021. An analysis by SFR Analytics , which tracks nationwide real estate transactions, found that the threshold to rank among the top 10 buyers in 2024 was nearly 80% lower than it

Investors 377
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ACTS 2025 Sneak Peek: UAD Updates, Off-Site Events & Networking Like Never Before

Appraisal Buzz

Its March, and while everyones gearing up for March Madness, were switching things up! No guest todayjust Jim and Hal breaking down everything you need to know about ACTS 2025 in San Antonio, TX (April 4th-9th for the full event, April 6th-8th for the conference). You can register now at appraisersconference.net Whats on deck? UAD Updates We know youve got questions, and weve got answers!

Appraisal 195
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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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“I scratch your back and you scratch mine”: How Realtors are working together in a tough market

Housing Wire

I had just landed in Mexico when my phone started blowing up. A client needed to see a house and of course they needed to see it immediately. Another agent was asking for an open house on the condo for the 3rd weekend in a row. A title company had a question about closing documents. In the past, I would have gone straight into panic lets get it done mode, trying to balance pia coladas with last-minute texts and frantic calls.

Realtors 332

More Trending

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WSJ: Agents are struggling to sell in disaster-stricken areas

Housing Wire

Disaster-stricken areas can place undue hardship on real estate agents looking to sell houses and sales volumes often take a hit. In Tampa, Florida, for example, pending home sales fell by 32% last fall after the arrival of hurricanes Helene and Milton, according to Redfin. And a report published this week said that agents in Florida, California and South Carolina are being forced to change tactics to survive in their markets.

Agents 348
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U.S. Sawmill Production Capacity Constant in 2024

Eyes on Housing

Sawmill and wood preservation firms reported lower capacity utilization rates coupled with level production and capacity throughout 2024. Despite no growth in production in 2024, utilization rates have trended downwards since 2017 as sawmills have expanded production capability. Even with more production capability, real output has not followed as output remains lower than 2018.

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Hailstorms are the new hurricanes when it comes to insurance

Housing Wire

While most of the insurance crisis news is focused on the impact of hurricanes and wildfires , hail is gaining ground as the repair of storm-damaged houses has grown so expensive that insurers are increasing premiums and even dropping homes to protect profits. Per Wall Street Journal coverage of the same topic , convective storms meaning storms characterized by rising warm, moist air, that potentially leads to heavy rainfall, strong winds, hail and even tornadoes cost insurers $58 billion in t

Insurance 307
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How flat leadership creates thriving agents, successful brokerages

Inman

The formula for a future-ready brokerage, according to new Inman contributor Abbey Wostal: Make yourself accessible, create a culture of collaboration and focus on growth over volume.

Brokerage 145
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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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Harvard study suggests inflation, labor shortages threaten remodeling industry

Housing Wire

The U.S. remodeling industry reached $600 billion in value following the COVID-19 pandemic. Despite recent softening in 2022 and 2023, it still remains 50% above pre-pandemic levels. But industry fragmentation, inflation and a shortage of skilled trade labor jeopardize the ability of the industry to fully meet demand, according to a new report by the Harvard Joint Center for Housing Studies (JCHS).

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EXp is peachy keen with addition of $70M Georgia team

Inman

The Tim Stout Group has joined eXp Realty. The Newnan, Georgia-based team is the sixth multimillion-dollar team to join the cloud-based brokerage in 2025.

Realty 141
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Longbridge appoints new head of credit policy, underwriting and QC

Housing Wire

Financial services veteran Patrick Halonen has joined reverse mortgage lender and servicer Longbridge Financial as the companys new head of credit policy, underwriting and quality control. With over 25 years of expertise in the financial services industry, Halonens appointment underscores Longbridges continued commitment to enhance its operational frameworks as the company continues to expand, the company explained in its announcement.

Business 346
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Fed leaves rates unchanged, forecasts 2 cuts later in the year

Real Estate News

Economic factors could cause the Federal Reserve to change course, but heading into the spring homebuying season, mortgage rates are likely to remain stable.

Mortgage 251
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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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Better COO Chad Smith on ‘mind-blowing’ pace of tech leaps

Housing Wire

Editor in Chief Sarah Wheeler sat down with Chad Smith, president and COO of Better Mortgage , to talk about leadership, technology, and how they have pivoted their business strategy to meet the needs of this market. Smith joined Better in May 2024 after serving in senior leadership roles at Mission Loans, Caliber Home Loans and loanDepot. This interview has been edited for length and clarity.

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What’s your best marketing tip for 2025? Pulse

Inman

You have to wear so many hats as a real estate professional, including that of marketing expert. What's your No. 1 marketing strategy that's working now?

Marketing 102
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Vishal Garg says Better’s AI could underwrite 75% of mortgages by year’s end

Housing Wire

Better ‘s fourth-quarter and full-year 2024 earnings call showcased the company’s growing revenue and its plans to further integrate artificial intelligence into the mortgage process. Vishal Garg , Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates , Better saw progress in its funded loan volume.

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It’s time to reimagine off-market listings: Cara Ameer

Inman

A middle ground that provides choices for sellers and options for agents might be just what the industry needs to create movement in the market, broker Cara Ameer writes.

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Cardinal Financial launches loan processing solution for mortgage brokers

Housing Wire

Cardinal Financial Wholesale has introduced Cardinal Complete, a new loan processing solution aimed at streamlining operations for mortgage brokers. The platform offers an end-to-end processing service designed to reduce administrative burdens and improve efficiency from application to closing. The service, powered by Cardinal Financial s proprietary loan origination system, Octane, provides brokers with a dedicated team to handle file management, compliance oversight and quality control.

Mortgage 246
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Fed Remains in Wait and See Mode

Eyes on Housing

In a widely anticipated move, the Federal Reserve remained on pause with respect to rate cuts at the conclusion of its March meeting, maintaining the federal funds rate in the 4.25% to 4.5% range. While the central bank acknowledged that the economy remains solid, it emphasized a data- and policy-dependent approach to future monetary policy.

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Is the DOJ really the CCP boogeyman for Realtors?

Housing Wire

In its supplemental statement of interest in the Nosalek suit filed on Monday, the Department of Justice (DOJ) didnt just address its ongoing qualms with MLS Property Information Networks (MLS PIN) settlement. In a footnote on the seventh page of the filing, the DOJ decided to offer some clarity on its current feelings about the National Association of Realtors (NAR) Clear Cooperation Policy (CCP).

Realtors 231
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Homeownership is on the rise, but racial gaps persist

Real Estate News

Despite record-high home prices in recent years, rates of ownership are up but affordability and access to credit pose tough challenges for people of color.

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Indie brokerage and United Real Estate Richmond form RVA Blue Realty

Housing Wire

Virginia-based River City Blues Realty has merged with United Real Estate Richmond to form RVA Blue Realty , according to an announcement on Wednesday. United Real Estate Richmond is the largest Black-owned real estate brokerage in America, founded by brothers John S Finn Jr. and Jeffrey S Finn. Through this merger, the Finns are welcoming both Smitty Smith and June Smith to their team.

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Clipper City Rail Trail

Lamacchia Realty

Searching for a picturesque Spring trail that makes for an enjoyable and refreshing outing for all ages? Look no further than the Clipper City Rail Trail in Newburyport, Massachusetts. The Clipper City Rail Trail is a multi-use path that is enjoyed by walkers, runners, scooters, bikers, children in strollers and of course the family pet! The trail boasts a wide, paved path that covers 3.3* miles and connects to the Newburyport Harbor Walk.

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Better’s focus on efficiency leads to revenue growth, smaller net loss in 2024

Housing Wire

Better Home & Finance Holding Co. on Wednesday reported its financial results for the fourth quarter and full year of 2024. The earnings release touted growth compared to 2023 and detailed the company’s plans of “diversifying Betters offering, and leveraging Tinman to power local loan officers” through a new program. Better shared an update on the NEO Powered by Better program, which included the onboarding of 110 NEO Home Loans originators across 53 branches. “Since

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How to Sell a Florida Home That Has Hurricane Damage

Lamacchia Realty

HOW TO SELL A FLORIDA HOME THAT HAS HURRICANE DAMAGE Selling a damaged home in Florida can feel stressful. Buyers hesitate when properties need repairs. If you want to sell a Florida home that has hurricane damage, you need a strong plan. Pricing, repairs, disclosures, and marketing all affect the process. Understanding your options will help you attract buyers and close the sale faster.

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Mortgage industry veteran Tammy Richards takes on new role at Kind Lending

Housing Wire

Chief operating officer Tammy Richards is taking on a new role at Kind Lending. Richards announced Tuesday on LinkedIn that shes now the president of retail at Kind Lending, a move that comes a little less than a year after she joined the company. She had an association with Kind Lending before being hired as COO, as the company was a client of LendArch, the mortgage consulting firm she founded in 2021.

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Homebuyers, Be Ready To Strike

Lamacchia Realty

To succeed in a competitive market, buyers should secure pre-approval, be flexible with closing dates, and stay available for showings. A higher down payment signals financial strength, while shortening contingencies shows commitment. In hot markets, offering above asking can provide an edge. Lastly, partnering with a trusted realtor ensures expert guidance and negotiation.

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Revealed – Canada's top mortgage employers for 2025

Mortgagebroker News

Employees evaluated their employers based on eight key factors

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The Threat Facing Real Estate Investors Today and Why Tenants Should Be Treated as Clients

BiggerPockets

When I first started investing in real estate around 2006 (yeah, I know, not a great time to start), the biggest dangers to the industry were things like interest rate […]

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B.C. regulator expands crackdown on mortgage fraud

Mortgagebroker News

Investigation reveals startling, widespread industry violations

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How to Save Up to 20% on New Construction Homes

BiggerPockets

In real estate, timing is everything.