Appraisal Buzz
NOVEMBER 25, 2024
Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. “Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” says Skylar Olsen, chief economist for Zillow, in a statement.
Housing Wire
NOVEMBER 25, 2024
There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors ’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit. DOJ notes in the filing that it did not participate in the litigation or in the negotiation of the proposed settlement.
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Appraisal Buzz
NOVEMBER 25, 2024
According to a new survey from the National Association of Realtors (NAR), in 2024, Realtors indicated that their recent clients choose to move to a certain area mostly to acquire more home for the money (21%), and to be closer to family and friends (30%). While the U.S. Census Bureau ‘s data on where and how many Americans are moving is readily available, NAR’s 2024 Migration Trends report examines the factors that influence and quantify the reasons behind the relocation of Realtors’ clients ac
Housing Wire
NOVEMBER 25, 2024
The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. Key pillars of the plans include bolstering access in rural communities, looking to manufactured housing as an instrument to bolster supply, and addressing liquidity needs for first-time homebuyers.
Appraisal Buzz
NOVEMBER 25, 2024
Approximately 1.67 million mortgages secured by residential property (1–4 units) were granted in the U.S. in Q3, according to ATTOM ‘s third-quarter 2024 U.S. Residential Property Mortgage Origination Report. This resulted in modest 1.9% yearly and quarterly growth. The increase was the second consecutive quarterly rise, which hasn’t happened in almost three years.
Housing Wire
NOVEMBER 25, 2024
With relentlessly high mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the U.S. is now back up above the 2023 and 2024 levels for the first time since August. Affordability is getting worse for homebuyers this fall. That does not bode well for home sales in the new year. We saw two signals that buyers are backing off in the face of mortgage rates.
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Housing Wire
NOVEMBER 25, 2024
The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. The cycle continued in May, as inflation eased more than expected, dropping to 3.3% from the 3.4% annual increases seen in March and April. These positive signs were followed by a long-awaited dip in mortgage rates, which fell for four consecutive weeks through the end of June.
Real Estate News
NOVEMBER 25, 2024
Do more than a third of consumers really prefer private listings? The answer is not so simple, says the CEO of 1000watt, which produced the report.
Housing Wire
NOVEMBER 25, 2024
In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. He stresses the importance of optimizing recapture workflows in the new market with new tools and strategies. Following that, Kennedy introduces RiskSpan’s unique strategies and tools.
Real Estate News
NOVEMBER 25, 2024
Industry insiders quickly weighed in on the agency’s Sunday filing, which suggested that the settlement won’t protect NAR from future antitrust action.
Housing Wire
NOVEMBER 25, 2024
The taste of victory was short lived for RE/MAX , Keller Williams and Anywhere. After successfully getting the Batton 1 homebuyer commission lawsuit stayed in October as a result of the defendants having been granted final approval of their home seller commission lawsuit settlements, the three national brokerages were not as lucky with their motions to dismiss.
Appraisal Buzz
NOVEMBER 25, 2024
Rate has announced the addition of Jesse Q. Allen as President of its Reverse Mortgage Division, and Greg Pahel as EVP Consumer Direct Reverse Lending. Together, Allen and Pahel will lead Rate’s efforts to expand its reverse mortgage business, catering specifically to homeowners aged 55 and above. These appointments underscore Rate’s commitment to enhancing financial solutions tailored to the unique needs of this demographic, empowering them to leverage their home equity for a more comfortable a
Real Estate News
NOVEMBER 25, 2024
Consolidation has become common in residential real estate as MLSs, teams and brokerage companies strive to win by leveraging economies of scale.
Appraisal Buzz
NOVEMBER 25, 2024
Fannie Mae and Freddie Mac have announced they will extend housing access in rural underserved markets, enhance their support for manufactured housing, and continue to address liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA). As required under two separate regulatory frameworks, FHFA published plans that discuss Fannie Mae and Freddie Mac (GSE) initiatives to advance equitable access to affordable and s
Inman
NOVEMBER 25, 2024
Ahead of a final Nov. 26 approval hearing on NAR's proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours.
Eyes on Housing
NOVEMBER 25, 2024
The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has generally disappointed since the Great Recession. However, there was a noticeable uptick for this type of housing construction in the most recent data.
Inman
NOVEMBER 25, 2024
Some parents enjoy having children involved in the decision-making process of buying a home by accompanying them on showings. But is it worth the risk? One Utah-based Realtor says no.
Appraisal Buzz
NOVEMBER 25, 2024
Jenn Stears has joined Kind Lending as the branch manager of its latest branch located in Daytona Beach, Fla. Stears has been a prominent figure in the mortgage industry for 24 years, during which she has successfully assisted thousands of homeowners in achieving their dreams. Her passion for the industry stems from her desire to help people. Stears has worked as a processor, underwriter, LOA, LO, and branch manager all within the broker, wholesale lender and retail lender space – providing her
Inman
NOVEMBER 25, 2024
The newly launched affiliated title agency will streamline closings and increase efficiency for The Agency's New York-based clients and agents, the brokerage told Inman.
Eyes on Housing
NOVEMBER 25, 2024
An expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended.
Inman
NOVEMBER 25, 2024
This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors.
BiggerPockets
NOVEMBER 25, 2024
The work-from-home phenomenon—incorporated during and after the pandemic—may be ending as more companies demand that workers return to the office. That’s good news for both corporate and residential landlords.
Inman
NOVEMBER 25, 2024
While portals spend billions to win their wars, Mike DelPrete questions whether it's possible for anyone to win on the ultimate metric: revenue.
Mortgagebroker News
NOVEMBER 25, 2024
Top lending executive on the best steps for getting deals approved
Inman
NOVEMBER 25, 2024
Learn how NYC associate broker Maria Daou combines in-depth knowledge with personalized service to make a lasting impression on clients.
Mortgagebroker News
NOVEMBER 25, 2024
Plan aims to help landlords screen tenants but raises privacy concerns for renters
Inman
NOVEMBER 25, 2024
Floyd Mayweather Jr. will assume the majority of Eli Gindi's interest in the mansion, located at 1116 Ocean Drive, for an undisclosed amount, according to sources.
BiggerPockets
NOVEMBER 25, 2024
Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would!
Inman
NOVEMBER 25, 2024
The portal wars in the UK are heating up, as CoStar-owned portal OnTheMarket (OTM) fights accusations of using "misleading" traffic data to dethrone competitor Zoopla as the second-most trafficked home search site in England, Scotland, Wales and Northern Ireland.
BiggerPockets
NOVEMBER 25, 2024
At the age of twenty-seven, this “rookie” has already completed over 100 real estate deals. The key to her success?
Mortgagebroker News
NOVEMBER 25, 2024
Limited-time offer presents opportunity for senior homeowners to secure lower borrowing costs
BiggerPockets
NOVEMBER 25, 2024
High interest rates have devastated commercial real estate markets from 2022-2024. Rampant inflation drove the Federal Reserve to hike interest rates 11 times between early 2022 to mid-2023.
Mashvisor
NOVEMBER 25, 2024
Have you ever wondered which real estate career could help you achieve your financial and lifestyle goals?
BiggerPockets
NOVEMBER 25, 2024
Did economic sentiment decide the 2024 presidential election? For many Americans, the economy was top of mind when deciding who to vote for in this past election.
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