Wed.Feb 05, 2025

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The state of US homeownership: Younger buyers hold the key

Housing Wire

Today, the Census Bureau reported the homeownership rate at 65.7%. Are we becoming a renter nation like many people are saying? Lets look at the data. Household formation Let’s first talk about household formation. I have a simple model (even more appropriate before Valentines Day). My American housing demographic model shows that Americans: Rent Date Mate Get married 3.5 years after marriage, we have kids and dual-income households buy bigger homes to live in.

Buyers 478
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Single Americans Grapple With Housing Affordability

Appraisal Buzz

According to a recent Redfin research, slightly over half (52%) of married people find it difficult to make their regular rent or mortgage payments, while almost 70% of single, divorced, or separated people do the same. The respondents who are most likely to suffer with housing payments are those who live with their partner but are not married, as almost three-quarters (76%) of them do.

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Climate risk could take $1.5 trillion out of U.S. real estate

Housing Wire

Recent natural disasters such as the LA wildfires show that climate change risks can shift the real estate and mortgage industries on a dime. And these changes could be extremely costly. According to a new study, climate-induced shifts could significantly lower property values over time. But this could have a double-edged effect, depending on the market.

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Forecasting Foreclosure Volume in 2025

Appraisal Buzz

Auction.com has released its 2025 Distressed Market Outlook , which forecasts foreclosure auction volume decreasing 8% in 2025 as a baseline scenario. The forecast also incorporates two other less likely scenarios with differing macroeconomic and housing market assumptions. Those two scenarios have foreclosure auction volume increasing in 2025. The Auction.com marketplace provides rich, real-time data on supply, demand and pricing for distressed properties sold at auction nationwide, said Jason

Retail 334
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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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Foreclosures are drying up — and it’s showing in sales data

Housing Wire

Foreclosure activity has declined significantly since the housing crisis of the late 2000s, and distressed home marketplace Auction.com reported this week that it expects the number of foreclosure-auction sales in 2025 to drop to the second-lowest total on record. California-based Auction.com published its 2025 Distressed Market Outlook report on Tuesday, which included three scenarios for this years expected tally of auction sales.

Retail 417

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We just had the strongest refi week in months

Housing Wire

Mortgage applications increased 2.2% on a seasonally adjusted basis from last week, according to data from the Mortgage Bankers Association s (MBA) weekly mortgage applications survey for the week ending January 31, 2025. On an unadjusted basis, the index measuring applications increased 19% compared with the previous week. The refinance index increased 12% from the previous week and was 17% higher compared to the same week one year ago.

Contracts 361
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Applications for Refinances Increased 12 Percent on a Slight Decrease in Mortgage Rates 

Appraisal Buzz

Mortgage application volume increased 2.2% during the week ended January 31, with all of the increase coming from an uptick in refinances, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances were up 12% compared with the previous week and were up 17% compared with the same week one year ago, according to the report.

Mortgage 195
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Austin Realtors to give non-Realtors access to Unlock MLS

Housing Wire

For the first time, the Austin Board of Realtors (ABoR) is opening up access to its Unlock MLS platform to non-Realtors. Starting June 1, real estate agents who are not certified Realtors will be able to subscribe to Unlock MLS without joining the 20,000-member ABoR. Non-Realtor members will pay the same MLS access fee as Realtors of $47.97 a month, or $575.64 a year.

Realtors 359
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Better waiving $995 origination fee for repeat mortgage customers

Inman

"Better Forever" incentive is not offered on HELOCs, nor to borrowers who apply through third-party platforms like LendingTree, CreditKarma, Bankrate or Nerdwallet.

Mortgage 161
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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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Redfin: Single people struggle the most in today’s housing market

Housing Wire

Expensive mortgages, rents and other housing expenses are already challenging for many Americans. But facing things alone presents a bigger challenge for single individuals, according to a report released Wednesday by Redfin. The report from the Seattle-based real estate brokerage highlighted household capabilities for handling mortgage and rent payments.

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Mortgage Applications Increase Marginally in January

Eyes on Housing

The Market Composite Index, a measure of mortgage loan application volume from the Mortgage Bankers Association’s (MBA) weekly survey, increased by 3.1% month-over-month on a seasonally adjusted (SA) basis, primarily driven by purchasing activity. Compared to January last year, the index is higher by 3.4%. The Market Composite Index which includes the Purchase and Refinance.

Mortgage 120
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New college grad earns $565K using these two key strategies

Housing Wire

The formula for success in real estate couldnt be more straightforward. Do simple things every day and do them 10% better than the average agent. Fancy fails. Simple scales. Why only 10% better and not 60% better? Let’s not sugarcoat reality. Seventy percent of Realtors in your market are terrible at their jobs. They get shiny object syndrome and burn time, money and precious energy chasing glamorous marketing strategies that dont increase their income.

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Commissions rebound following post-settlement decline

Real Estate News

Two recent studies found that real estate agent commission rates fell after industry practice changes took effect, but they have largely recovered.

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Better announces ‘Better Forever’ borrower loyalty program

Housing Wire

Digital mortgage lender Better on Wednesday announced the launch of a loyalty program dubbed “Better Forever.” The program is designed to reward customers by waiving origination fees on future refinance or purchase loans. Customers who previously funded a loan through Better on or after Jan. 1, 2019, are automatically enrolled in the program.

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Pullback in mortgage rates spurs refis but not purchase loans

Inman

Requests to refinance were up 12 percent week over week and 17 percent from a year ago last week after rates for 30-year fixed-rate loans pulled back to the lowest level in six weeks.

Mortgage 107
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eXp pushes back on ‘sweetheart deal’ allegations

Real Estate News

The brokerage denied using a reverse auction strategy to reach its $34 million settlement, arguing that the amount is comparable to what other firms paid.

Brokerage 175
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How to create a financial plan as a brand new team leader

Inman

With careful planning and strategic execution, you can achieve your financial objectives and lead your real estate team to long-term success, Verl Workman writes.

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Zaylie Matesowicz Named Lamacchia Realty Employee of the Month – January 2025

Lamacchia Realty

Behind the incredible REALTORS of Lamacchia Realty is a team of over 90 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 68
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Holly Parker joins Compass after 25 years at Douglas Elliman

Inman

Luxury real estate powerhouse Holly Parker is making a big move after 25 years with Douglas Elliman, she's taking her team to Compass in New York, the brokerage announced Wednesday.

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Homeownership Rate for Younger Households Declines

Eyes on Housing

The homeownership rate for those under the age of 35 dropped to 36.3% in the last quarter of 2024, reaching the lowest level since the third quarter of 2019, according to the Censuss Housing Vacancy Survey (HVS). Amidst elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low. The youngest.

Mortgage 153
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Click n’ Close SmartBuy Program Now Features 30-Year, Conventional Option Approved by Freddie Mac

Appraisal Buzz

Mortgage lender Click n Close reports that its SmartBuy Shared Appreciation Mortgage (SAM) program now features a 30-year, fixed-rate conventional option approved by Freddie Mac. Regardless of what is admittedly a difficult market for buyers, our SmartBuy Shared Appreciation Mortgage tool puts homeownership in reach for people who may not have thought it possible, says Jeff Bode, owner and CEO of Click n Close, in a release.

Buyers 150
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Real’s latest addition brings Alberta agent total to 1K

Inman

The Real Brokerage has added 57 agents in Edmonton, Alberta, by bringing on board YEGPro Realty, one of the province's most productive.

Agents 127
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Winter Dining in the Pioneer Valley: A Cozy Culinary Guide

Lamacchia Realty

When winter blankets Western Massachusetts, the Pioneer Valley’s restaurants transform into warm, inviting havens offering comfort food and intimate dining experiences. From Northampton’s bustling dining scene to Amherst’s college-town eateries and Springfield’s diverse offerings, the region provides numerous options for cozy winter meals.

Realty 48
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Mortgage holders brace for higher payments as insolvencies rise

Mortgagebroker News

Insolvencies hit 15-year high, with homeowners facing steep mortgage renewal costs

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Over 6 Million Americans Are Late on Their Mortgage Payments—Here’s What It Means for Investors

BiggerPockets

Another housing crisis could be imminent. According to a new study from Deeds.

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'We can't get distracted by the negativity': Broker's rallying cry amid political chaos

Mortgagebroker News

'It's going to be a wild ride for the next 18 months'

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7 Barriers Keeping You From Financial Freedom (and How to Break Through Them)

BiggerPockets

Whats the point of earning a high incomeor running a successful businessif your hard work doesnt lead to freedom? For many of us, financial independence feels like an uphill climb.

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Three CWB executives to depart following National Bank takeover

Mortgagebroker News

High-ranking figures to leave amid acquisition transition

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28 real estate niches brimming with potential

Housing Wire

Become the go-to expert in one of these real estate niches and parlay your expertise into a more lucrative and satisfying career. While casting a wide net can sometimes be a helpful strategy, you set yourself up to compete with every agent vying for the same listings and buyer clients. By becoming highly knowledgeable in a particular niche, you establish yourself as the subject matter expert for a specific audience of buyers, sellers or property types.

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Best-kept secrets to growing your mortgage business

Mortgagebroker News

HEB exec on a key trend brokers should tap into

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The BEST Airbnb Markets in 2025 and How to Do Your Own Market Research

BiggerPockets

Want to get into short-term rentals in 2025? Your first step is to find the right Airbnb market for you.

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Super Bowl LIX: Record-level absenteeism expected on Monday

Mortgagebroker News

But managers, workers having more open conversations about taking day off: survey

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