Wed.May 07, 2025

article thumbnail

Why mortgage purchase applications have been positive all year

Housing Wire

In 2025, despite a lot of negative economic headlines, mortgage purchase application data has shown positive year-over-year growth for 14 consecutive weeks. In todays MBA purchase application survey , this data reflected an 11% increase week over week and a 13% increase year over year, indicating resilient market performance. But how is this happening with terrible housing affordability and all these negative confidence sentiment index reports we’ve seen?

Mortgage 463
article thumbnail

A way to end private listings fight? Make Clear Cooperation the law

Real Estate News

A draft bill in Illinois would require licensed agents to add listings to a platform or website accessible to the general public within a calendar day.

Law 273
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Fed is preparing for rate cuts, but waiting on job losses

Housing Wire

During Wednesdays FOMC press conference, Jerome Powell discussed how the economy was performing well before the trade war began and acknowledged that the tariffs were much larger than anticipated. As a result, the Fed has increased its projections for the risk of higher unemployment and inflation. This development isn’t surprising, as the impact of significant tariffs can lead to shortages in the short term.

Marketing 387
article thumbnail

Fed ‘couldn't confidently say’ if rate cuts will happen this year

Real Estate News

The Federal Reserve left interest rates unchanged at its May 7 meeting amid an uncertain economic environment. We don't feel like we need to be in a hurry.

230
230
article thumbnail

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.

article thumbnail

Mortgage applications, refinance applications rebound

Housing Wire

Mortgage applications increased 11% from one week earlier amid a decline in rates, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending May 2, 2025. The index increased 12% on an unadjusted basis compared with the previous week. The refinance index, which increased 11% from the previous week, was 51% higher than one year ago.

Mortgage 365

More Trending

article thumbnail

How creative compensation models fueled explosive growth for these brokerages

Housing Wire

Agile Group Realty CEO Matthew Brookens had an idea for how to jump start the companys business by tweaking its business model and it worked. Formed initially as an agent team in South Florida, the brokerage launched in 2022 as Agile. It began by offering agents a traditional split. But seeing an opportunity to take its agent-centric approach to the next level, the company made changes.

Brokerage 360
article thumbnail

AI is becoming table stakes for real estate tech

Real Estate News

More than half of the technology products highlighted in T3 Sixty's newly released Tech 200 incorporate AI. This years list also includes 20 startups.

article thumbnail

Ex-HUD official claims trillions spent on secret underground bunkers

Housing Wire

A former U.S. Department of Housing and Urban Development (HUD) official is making explosive claims that the federal government secretly spent $21 trillion building a vast underground network of bunkers, “city infrastructure,” and transportation, allegedly designed to protect elites in the event of a catastrophic disaster. Catherine Austin Fitts, who served as assistant secretary of housing and urban development for housing under President George H.

article thumbnail

Buzzy Awards 2025: Instructor of the Year

Appraisal Buzz

Last fall, we put out a call for nominations for our first inaugural Buzzy Awards. We wanted to recognize outstanding appraisers and firms and others in the industry from around the country. In this episode, host Hal Humphreys chats with the winner of the Instructor of the Year. We’ll talk about his experience, unique course topics, and what he has coming down the pike.

Valuation 195
article thumbnail

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.

article thumbnail

Property insurers must prepare for aging population: report

Housing Wire

The global population is expected to hit nearly 9.7 billion people by 2050, but beyond that, the nature of the population itself is changing due to aging. This is expected to fuel a rise in the global dependency ratio, or the proportion of people ages 65 and older to those of traditional working ages. As a result, the property and casualty insurance industry will need to prepare for these rapidly changing age dynamics.

Insurance 345
article thumbnail

What aspect of real estate has changed most in the past 5 years?

Inman

From market changes to regulatory shifts and more, what are the biggest changes you've seen over the past five years?

article thumbnail

The Power of Connection: Women of Influence on building networks that matter

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors Choice Awards. Nominations for HousingWires 2025 Women of Influence Award are open now through May 31, 2025. Click here to nominate. In the housing industry, success is rarely a solo endeavor. Its a space where relationships form the foundation of lasting impact where who you know can be just as important as what you know.

Realty 340
article thumbnail

People on the Move: Keller Williams makes C-suite appointments

Real Estate News

Tim Dieffenbacher joins KW as its new CFO, while Stacie Herron is named COO a role she will hold in addition to her current position as chief legal officer.

Legal 145
article thumbnail

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.

article thumbnail

Finance of America posts a profit, beats funded volume estimates in Q1 2025

Housing Wire

In beating its estimates for funded loan volume and by posting a profit in the first quarter of 2025, reverse mortgage lender Finance of America (FOA) saw its volume improve by nearly one-third compared to numbers from Q4 2024. The company is maintaining a bullish outlook for business in the months ahead. The company earned $13 million in adjusted net income in Q1 2025, which marked an improvement of $20 million from the same period last year. the company also viewed the first quarter of the y

Finance 315
article thumbnail

Rewrite the rules: 5 fresh ways to use Canva for real estate

Inman

Forget same-old, same-old flyers and social media posts. Trainer Rachael Hite offers smart strategies for using Canva to streamline your marketing and communication.

article thumbnail

There’s a new enforcement playbook for mortgage lenders

Housing Wire

As employees of the Consumer Financial Protection Bureau (CFPB) sit in home offices awaiting news of their fate, the enforcement landscape has already shifted to state regulators. And if Craig Ungaro’s experience is any indication, the dynamic will pose a very different challenge for independent mortgage banks. There are some states very focused on unfair and deceptive practices, a couple other RESPA-focused.

Mortgage 272
article thumbnail

How to define your target audience without losing existing business

Inman

Build your brand around a location or property type you're passionate about, Nick Schlekeway writes, and watch your business take off.

article thumbnail

Homeowners say high costs, emotional stress are influencing renovation projects

Housing Wire

Amid higher interest rates and a tight housing market , U.S. homeowners are increasingly choosing to renovate rather than relocate and many are doing so under financial and emotional strain, according to a newly released nationwide survey. A report released by Block Renovation , based on responses from more than 1,000 homeowners, paints a detailed picture of the home renovation experience in 2025.

article thumbnail

It’s later than you think: 5 ways to make the most of your time

Inman

Life can change in an instant. Rather than facing the future with regrets, Carl Medford writes, we can systematically alter our futures by making incremental changes that compound over time and open doors of opportunity we never imagined.

article thumbnail

What happens if 100% of local Realtors know who you are?

Housing Wire

We all know what we need to do to grow our business. Its about making meaningful connections and creating a network of people who know, like, and trust younot just as a loan officer , but more importantly, as a person. Sounds easy enough. But how do you actually build that network? You can look for hacks and shortcuts to growing a referral-based business, but the truth is this: realtors are still our number one lead sourceand they will be until the robots take over.

Realtors 248
article thumbnail

Fed Remains on Pause with Rising Uncertainty

Eyes on Housing

The Federal Reserve remained on pause with respect to rate cuts at the conclusion of its May meeting, maintaining the federal funds rate in the 4.25% to 4.5% range. Characterizing current market conditions, the central bank noted that the “unemployment rate has stabilized at a low level in recent months, and labor market conditions remain.

article thumbnail

KW CEO Czarnecki brings in former colleague as new CFO

Housing Wire

More executive changes are happening at Keller Williams. Shortly after a large investment from Stone Point Capital and the appointment of Chris Czarnecki as CEO, Keller Williams has brought on Tim Dieffenbacher as its new chief financial officer. Dieffenbacher most recently served as the CFO of a publicly traded real estate investment trust in Dallas.

article thumbnail

Pending Sales May Be Your Secret Weapon To Accurate Pricing

Birmingham Appraisal

How Pending Sales Help You Price a Listing Right the First Time Have you had an appraisal come in below the contract price on a recent listing? Youre probably not the only one. When you set a list price using only closed sales, you’re looking in the rearview mirror. Those sales show what buyers paid several months agonot what theyre willing to pay today.

article thumbnail

Real CEO Tamir Poleg talks AI’s role in redefining real estate

Housing Wire

On this weeks episode of RealTrending , Tamir Poleg, CEO of The Real Brokerage , joins Tracey Velt to unpack how artificial intelligence (AI) is not just enhancing real estate but redefining it. Poleg explains how Real is embedding AI into the companys core functions, using tools that handle thousands of agent inquiries daily and power automated broker reviews.

article thumbnail

Data Says It’s a Buyer’s Market: Here’s Where the Most Opportunity Is

BiggerPockets

The buyers market is back, and opportunities are growing. Inventory is rising, demand is shrinking, and sellers are more motivated to give you a price cut, concession, or repair.

article thumbnail

Zillow posts strong Q1, touts listing transparency and app traffic

Housing Wire

Zillow reported a strong start to 2025, exceeding its first-quarter 2025 outlook with $598 million in revenue, up 13% year over year. The company also posted $153 million in adjusted EBITDA and achieved GAAP profitability driven by cost management and margin expansion, leaders said. During an earnings call on Wednesday, CEO Jeremy Wacksman said the company remains on track to meet its full-year goals, including revenue growth in the low- to mid-teens and continued profitability.

article thumbnail

Rental Demand is Surging 3x Faster Than Homeownership—Here’s How to Catch the Wave

BiggerPockets

More Americans than ever are pressing pause on the dream of homeownership and turning to long-term rentals instead. And honestly, can you blame them?

article thumbnail

75 laugh-out-loud real estate memes to boost your marketing in 2025

Housing Wire

If youve been in real estate for any amount of time, youve probably come across real estate memes that have either made you laugh or softly cry to yourself likely because they were so true. Chances are, you’ve thought about texting them to fellow real estate agents or posting them on social media and you should! Real estate memes are a smart way to connect with your network and stay top of mind.

article thumbnail

Canadian delinquency rates outpace debt growth

Mortgagebroker News

Average debt levels edge up, while missed payments soar

63
article thumbnail

Top-producing California team joins Coldwell Banker Realty

Housing Wire

The Joe Velasco Group a high-performing Silicon Valley real estate team has joined Coldwell Banker Realty in Northern California, moving over from Intero Real Estate Services , an affiliate of HomeServices of America. Velasco, who launched his group in 2011, has built a reputation as one of the top-producing agents in California. With more than $2 billion in career sales since entering the business in 2001, he has been ranked among the top 1% of real estate agents nationally for 12 straight ye

Realty 200
article thumbnail

Luxury real estate remains resilient in Canada despite trade war

Mortgagebroker News

Toronto, Montreal, and Calgary see market growth