Housing Wire
APRIL 3, 2024
Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.” The lawsuit was filed on Tuesday in a Michigan district court by Therisa D. Escue, Billy R.
Appraisal Buzz
APRIL 3, 2024
U.S. home prices are forecast to increase 2.9% over the next 12 months, according to Veros Real Estate Solutions quarterly VeroFORECAST report. This is an upward revision from last quarter’s forecast of 2.4%. Driving the increase is low housing inventory and resilient demand despite elevated mortgage rates, the firm says. Rates are expected to hover above 6.5% throughout 2024 due to inflation exceeding the Federal Reserve’s 2% target and a strong labor market, although displaying some signs of s
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Housing Wire
APRIL 3, 2024
Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy. The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing portal behind Zillow. CoStar announced last month that monthly traffic at Homes.com surpassed 149 million unique visitors in February, inching closing to the 194 million unique monthly visitors that
Real Estate News
APRIL 3, 2024
NAR’s annual generational trends report examines buyer and seller characteristics and dives into their needs — and how they compensate agents.
Housing Wire
APRIL 3, 2024
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” according to an announcement by the organization. The letter is being sent in response to a series of real estate commission lawsuits and the recent $418 million settlement by the National Association o
Appraisal Buzz
APRIL 3, 2024
In this week’s episode, host Hal Humphreys interviews our guest Marty Wagar, President of Wagar & Associates and Instructor at Appraiser eLearning. Marty tell us about his unique history in the industry, why his first class with AeL is on Supporting Land Value, and why this class is so valuable to appraisers. His other class focuses on appraisal in the secondary mortgage market.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
APRIL 3, 2024
Mortgage application volume shrank 0.6% during the week ended March 29, as the average rate for a 30-year fixed-rate mortgage dipped to 6.91%, down slightly from 6.93% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances decreased 2% compared with the previous week and were down 5% compared with the same week one year ago.
Real Estate News
APRIL 3, 2024
The acquisition of the century-old firm and its 3,100 agents could give Compass an edge in the NOLA and greater Gulf Coast market.
Appraisal Buzz
APRIL 3, 2024
Informative Research , a provider of borrower verification solutions and data, has integrated Veri-Tax , a provider of income and employment verifications, with its platform, thus giving mortgage lenders access to advanced validation tools that elevate the accuracy and reliability of borrower information. This integration aligns seamlessly with Informative Research’s mission to provide end-to-end credit and verification services that streamline the lending process and drive positive outcomes for
Real Estate News
APRIL 3, 2024
After reaching a $40 million settlement in a separate case a year ago, the brokerage faces new allegations of sending unsolicited text messages.
George Dell
APRIL 3, 2024
The USPAP (Appraisal Standards) publication starts with a self-telling paragraph titled: “ABOUT THE APPRAISAL FOUNDATION.” This paragraph presents the Appraisal Foundation’s self-claimed place as “the nation’s foremost authority on the valuation profession.” This “foremost” claim immediately places it in contention with other governmental and professional standards.
Eyes on Housing
APRIL 3, 2024
The two most wanted features in a home are a laundry room and a patio, according to NAHB’s latest study on buyer preferences—What Home Buyers Really Want Study*. Buyers in the study were given a list of 200+ features of the home and the community and asked to rate each one on a consistent scale.
Inman
APRIL 3, 2024
Latter & Blum has been an indie for more than 100 years and today boasts more than 3,100 agents. The deal pushes Compass into Louisiana and Mississippi for the first time.
BiggerPockets
APRIL 3, 2024
Abandoned homes have become a problem in some of America's largest cities. Baltimore has come up with an interesting solution by selling off these properties for $1. What's the catch?
Inman
APRIL 3, 2024
The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area.
BiggerPockets
APRIL 3, 2024
Some states are seeing their highest REO increases since the 2008 recession. South Carolina saw a 51% increase, while cities like New York saw their totals increase in the commercial space. What does this mean for the housing market?
Inman
APRIL 3, 2024
United Wholesale Mortgage denied explosive allegations that many mortgage brokers who send it business aren't shopping around for best deals. UWM dismissed a related lawsuit as "a sham.
BiggerPockets
APRIL 3, 2024
Why rent when you can buy? Luxury brands like Louis Vuitton and Prada have made moves to buy up huge commercial properties to convert them into flagship storefronts, with many deals totaling $200 million-plus.
Inman
APRIL 3, 2024
The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equals 40 percent of the median U.S. household income ($74,580).
BiggerPockets
APRIL 3, 2024
Squatters’ rights are quickly being stripped away as more states move to end this widespread illegal occupation of private property.
Inman
APRIL 3, 2024
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday.
BiggerPockets
APRIL 3, 2024
Why are David and Rob selling off parts of their rental portfolios? It’s a new season, and you know what that means—spring cleaning!
Inman
APRIL 3, 2024
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Housing Wire
APRIL 3, 2024
Millennials replaced baby boomers as the largest group of homebuyers in 2023. The combined share of millennials, both younger (ages 25 to 33) and older (ages 34 to 43), made up a combined 38% of the home purchase market last year, up from 28% in 2022, according to the 2024 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR).
Inman
APRIL 3, 2024
Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry.
Housing Wire
APRIL 3, 2024
A physician and a lawmaker, both based in the state of Pennsylvania, have come together to explain to area seniors why aging in place “makes sense,” explaining potential benefits from a regional healthcare system’s senior wellness program and the ability to remain in their own homes as they get older. Kenneth Tomczyk, a physician who works with the Geisinger health system’s “65 Forward” program and state Rep.
Inman
APRIL 3, 2024
We want to gauge your attitude and the feelings of your friends and colleagues, so tell us: If you had to use one word to describe agent sentiment right now, what would it be?
Inman
APRIL 3, 2024
New laws enacted to prevent the use of Non-Title Recorded Agreements for Personal Services — or NTRAPs — are sweeping the nation as critics decry alleged deceptive and predatory practices.
Inman
APRIL 3, 2024
The federal agency will send checks to 54,689 consumers it says were deceived by advertising and marketing claims made by the iBuyer.
Inman
APRIL 3, 2024
Forget high-tech tools and complex formulas for success, writes broker-owner Tania Moore. Building a satisfying real estate career comes down to these five people-centered steps.
Inman
APRIL 3, 2024
The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability.
Inman
APRIL 3, 2024
The antitrust case from homebuyer and homeseller Hao Zhe Wang alleges MLS and broker services are illegally tied.
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