Housing Wire

NOVEMBER 13, 2023

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

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Legal Law Contracts Technology 544

Real Estate News

NOVEMBER 21, 2023

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

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Inman

NOVEMBER 27, 2023

Fidelity National Financial acknowledges that a "cybersecurity incident" disrupted the provision of title and escrow services and other technology and mortgage services.

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Insurance Technology Mortgage 209

Realtor

NOVEMBER 7, 2023

iStock The costs of buying a home go well beyond the actual purchase price. If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. And after the color returns to your face, you might also be a little more than perplexed by some of those fees. Knowing what you’re paying for when you’re buying a home—like these 10 costs of buying a home—can ease that check-writing pain.

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Inspection Insurance Sellers Buyers 196

Eyes on Housing

NOVEMBER 9, 2023

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of July and end of September.

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Mortgage Construction Inventory 186

BiggerPockets

NOVEMBER 30, 2023

Some houses are primed to be flipped, while others are best left to another buyer. Knowing how to find houses to flip is critical to your success as a real estate investor. Here, you’ll learn how to adjust your approach to ensure yourself of finding (and buying) houses that can be flipped for a profit.

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Real Estate Investors Buyers 86

Real Estate News

NOVEMBER 27, 2023

The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.

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Brokerage Agents 337

Inman

NOVEMBER 3, 2023

After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring.

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Mortgage Investors Marketing 201

National Association of Realtors

NOVEMBER 30, 2023

These types of assignments don’t require appraisers to inspect the interior or exterior of a property. Your care can make such valuations more reliable.

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Appraisal Inspection Agents Valuation 86

Eyes on Housing

NOVEMBER 28, 2023

National home prices continued to increase in September. Despite rising mortgage rates, limited inventory and solid but weakened demand provided solid support for home prices. Locally, all of 20 metro areas had positive home price appreciation in September. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth.

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Inventory Mortgage Construction 185

BiggerPockets

NOVEMBER 29, 2023

Understanding how much it costs to flip a house is key to successful real estate investing. Basic house flipping costs involve the purchase price, holding costs, renovation costs, and selling fees. A clear understanding of the cost components is crucial for ensuring your house flipping is a lucrative investment strategy. Otherwise, your budget will quickly disappear, along with any profit.

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Renovations Investing Real Estate 85

Housing Wire

NOVEMBER 25, 2023

Lower mortgage rates tend to take housing supply off the market and demand has been picking up lately as rates have fallen. However, the recent drop in housing inventory has more to do with seasonality factors than lower mortgage rates. Higher mortgage rates did push inventory higher during the seasonal period when it would normally be declining. However, seasonality tends to rule the day eventually.

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Inventory Mortgage New Listings Buyers 536

Real Estate News

NOVEMBER 14, 2023

Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.

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Brokerage Realtors 320

Inman

NOVEMBER 27, 2023

Estate planning is of prime importance for homeowners and their heirs. Properties are among the largest and most complex assets to be distributed — particularly when they’re luxury homes worth millions of dollars.

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Real Estate 195

Mortgagebroker News

NOVEMBER 9, 2023

Inflation across most developed economies has steadily eased over the last few months, the central bank says

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Development 80

Eyes on Housing

NOVEMBER 15, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.

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Construction 183

BiggerPockets

NOVEMBER 10, 2023

Last month, the Biden administration announced a series of actions designed to facilitate the conversion of specific properties to improve affordability in several metros. Here are the details.

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Design 85

Housing Wire

NOVEMBER 28, 2023

The baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024 will be $766,550, up 5.5% compared to the current limit of $726,200 , the Federal Housing Finance Agency (FHFA) announced Tuesday. Conforming loan limits are increasing at a slower pace, mirroring home prices, overall. That’s because the FHFA’s conforming loan limit increase is based on a formula related to home-price data in the third quarter of each year.

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Finance Government Law Mortgage 533

Real Estate News

NOVEMBER 4, 2023

Following the Sitzer/Burnett verdict, the internet has been buzzing about the end of buyer agency. Industry expert Russ Cofano says that's just a lot of noise.

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Buyers 311

Inman

NOVEMBER 10, 2023

In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases.

Real Estate 195

Real Estate Realtors Brokerage Agents 195

Mortgagebroker News

NOVEMBER 7, 2023

Experts are anticipating the BoC benchmark interest rate to retreat to 4% by the end of next year

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Marketing 82

Eyes on Housing

NOVEMBER 7, 2023

Porches have been a popular home feature, consistently ranking in the top 10 in the NAHB surveys of recent and prospective home buyers published in What Home Buyers Really Want. And porches remain as popular as ever specifically on new homes, according to NAHB tabulation of the latest Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial.

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Construction Buyers 164

BiggerPockets

NOVEMBER 30, 2023

Here’s a look at the tradeoff between HELOCs and cash-out refinances—the two most common and popular ways to tap into your home equity while maintaining and keeping the ownership of your home.

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Housing Wire

NOVEMBER 30, 2023

Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.29% and up from 6.49% the same week a year ago.

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Mortgage Inventory Tools Investors 512

Real Estate News

NOVEMBER 15, 2023

Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.

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Realty 301

Inman

NOVEMBER 13, 2023

Delroy Gill doesn’t just sell homes — he builds relationships. Born and raised in London, England, he understands complex transactions and international relocation and brings world-class service and out-of-the-box thinking to every detail of real estate transactions.

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Real Estate 191

Mortgagebroker News

NOVEMBER 8, 2023

Lender's national sales manager on what brokers should remember about the private space currently

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Investors 80

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers. Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening.

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Loan Officers Construction Finance Development 163

BiggerPockets

NOVEMBER 17, 2023

Real estate investing is a pathway for building wealth, distinct from other asset classes due to its tangible nature. This form of investment usually appreciates over time, providing long-term value growth. Real estate also offers the potential for rental income, transforming properties into sources of continuous revenue.

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Real Estate Investing Finance 84

Housing Wire

NOVEMBER 14, 2023

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.

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Real Estate Buyers Renovations Open Houses 504

Real Estate News

NOVEMBER 9, 2023

Strong growth was the theme of the quarter despite a net loss. CEO Tamir Poleg also said he believed Real will come out ahead should commissions rules change.

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Agents 301

Inman

NOVEMBER 27, 2023

More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold.

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Marketing Buyers Agents 191

Mortgagebroker News

NOVEMBER 10, 2023

Two big factors are set to spur rising demand in the coming years, says broker network head

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Marketing 81

Eyes on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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Construction Inventory Development Buyers 161