April, 2025

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Lower mortgage rates are spurring housing demand

Housing Wire

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. Notably, purchase applications show growth both year-to-date and year-over-year. Additionally, our weekly pending contract data and new listings are trending positively compared to last year.

Mortgage 533
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Foreclosure Activity Beginning to Rise

Appraisal Buzz

ATTOM has issued its Q1 2025 U.S. Foreclosure Market Report , which shows a total of 93,953 U.S. properties with a foreclosure filings during Q1 of 2025, up 11% from the previous quarter, but down 2% from a year ago. The Q1 2025 U.S. Foreclosure Market Report shows a total of 35,890 U.S. properties with foreclosure filings in the month of March 2025 alone, up 11% from the previous month and up 9% year-over-year.

Marketing 421
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When concessions stop working

Sacramento Appraisal Blog

Concessions are a tractor beam to entice buyers. Until they’re not. At some point they simply stop working, and prices have to be lowered. Let’s talk about this, and I have some new visuals to show which price points are growing and shrinking. FIVE BEERS ON ME TONIGHT I’m recording a live podcast in Downtown […] The post When concessions stop working first appeared on Sacramento Appraisal Blog.

Buyers 319
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Reports: Fannie Mae lays off 700 employees

Housing Wire

Government-sponsored enterprise (GSE) Fannie Mae has reportedly laid off as many as 700 employees, with 200 of the layoffs focused on members of the Telugu-speaking community over irregularities uncovered related to charitable donations. According to reports from outlets including TechStory , HRKatha and the Times of India ,700 U.S.-based employees were fired within the first few days of April, including 200 workers who speak the Telugu language, which is primarily spoken in the Indian states of

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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.

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Mortgage applications rebounded 20% last week as rates dipped

Housing Wire

Mortgage applications jumped 20.0% from the prior week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications Survey for the week ending April 4, 2025. On an unadjusted basis, the index increased 20% compared with the previous week. The refinance index increased 35% from the previous week as mortgage rates took a dip.

Mortgage 482

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Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

Volatility is becoming the new norm in today’s commercial real estate market. If it isn’t rising interest rates or shifting rental trends, then growing technology is the driving force that prompts investors to evolve. They also face significant pressure to become faster and more efficient. A change is needed. To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success.

Investors 468
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Tariff news sends mortgage rates to the lowest level of 2025

Housing Wire

Mortgage rates have reached the lowest levels of the year today as the 10-year yield dropped significantly on tariff news. The stock market reacted negatively to the news regarding tariffs, resulting in significant selling and a shift towards the bond market. In this week’s Housing Market Tracker , I mentioned that the 10-year yield level was stubbornly resistant and that we needed bad news to break through it.

Mortgage 533
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No Congress, no rate hikes: Bill Ackman’s plan to privatize the GSEs

Housing Wire

Bill Ackman, the billionaire founder of Pershing Square Capital Management , has an audacious plan to privatize Fannie Mae and Freddie Mac without congressional approval. The proposal involves the federal government forgiving hundreds of billions of dollars while also reducing capital requirements. As a result, Ackman claims the plan would boost the stock prices of both companies to the $30 range without putting upward pressure on mortgage rates.

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Why the housing market is actually much healthier in 2025

Housing Wire

After years of identifying the housing market as unhealthy culminating in a savagely unhealthy housing market in early 2022 I can confidently assert that the housing market in 2024 and 2025 is on better footing. This transformation sets an extremely positive foundation for what’s to come. Some recent headlines about housing suggest that demand is crashing.

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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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UWM and Google announce AI partnership

Housing Wire

UWM’s Jason Bressler and Google’s Oliver Parker United Wholesale Mortgage (UWM) , the top mortgage lender in America, on Tuesday announced a strategic AI agreement with Google Cloud that the companies say will bring modernization to the mortgage industry. The partnership will see UWM blend Google Clouds advanced AI and data analytics capabilities with the lender’s technical solutions to create a faster, more intuitive and streamlined mortgage process.

Tools 497
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Rents remain above pre-pandemic levels in nearly all major metros

Housing Wire

Rent prices declined for the 20th consecutive month across the 50 largest U.S. metro areas. But the cost of renting remains well above pre-pandemic levels, according to the newest Realtor.com rent report released Wednesday. The median asking rent in March was $1,694, down $65 from the 2022 peak. But compared to March 2019, the median rent is still 20.2% higher, rising from $1,409 over the six-year period. “While the median asking rent is down $65 monthly or over $700 annually, in nearly ev

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Beyond the deal: Marc Trachtenberg on the true value of title insurance

Housing Wire

Marc Trachtenberg chairman and CEO of Silk Title Company has spent a career in mortgage and title insurance companies finding ways to break from the status quo, creating innovative, forward-thinking solutions along the way. He doesnt plan to stop any time soon. He actively searches for new and groundbreaking ways to improve his companies and inject innovation and creativity into the industry.

Insurance 394
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Inside the minds of homeowners: The four things they really want in 2025

Housing Wire

In every housing market, every lender , originator, mortgage broker , or loan officer should endeavor to understand their buyer pool. Trends and perceptions change annually and generationally especially when it comes to desires, housing market outlook, and financial thresholds. Having insight into how and what they think can go a long way. It can aid in not only attracting qualified borrowers but also ushering them through the transaction and, ultimately, to the closing table.

Buyers 390
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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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Bond yields fall after tariff news. Are mortgage rates next?

Housing Wire

Liberation Day has finally arrived, and what a wild day its been! The bond market and stock futures rose when the initial discussions about the 10% tariffs hit the market. But the real game changer? Those anticipated reciprocal tariffs sent the 10-year yield plummeting from 4.23% to 4.11%, currently trading at 4.13%. Since we believe in the close relationship between the 10-year yield and mortgage rates , we expect mortgage rates to decrease tomorrow if bond yields continue to decline.

Mortgage 491
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Foreclosure activity rises in Q1 amid feeling of economic ‘pressure’

Housing Wire

U.S. foreclosure activity rose in the first quarter of 2025, ending a nine-month streak of declines according to new data compiled by real estate analytics firm ATTOM. A total of 93,953 properties had foreclosure filings between January and March 2025 an 11% increase from the previous quarter. While that figure marks a 2% drop compared to the same period last year, it signals growing financial strain among some homeowners, ATTOM CEO Rob Barber said.

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Tariffs are creating perfect storm for housing market

Housing Wire

Over the last month, home sales have definitely picked up, especially when compared to last years very low levels. Weekly pending home sales counts have been at or above the year-ago levels for four weeks in a row now. This week, there were 3.8% more weekly pending home sales than last year at this time. In total, there are now nearly 2% more homes in contract nationally than a year ago.

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Survey: Home insurance rates rise for most policyholders in 2024

Housing Wire

Two-thirds of U.S. homeowners saw their insurance rates increase in 2024, according to a recent survey by ValuePenguin. Amid escalating costs , many policyholders worry their homes could become uninsurable in the future, while some have already received nonrenewal notices from their insurers. The survey of nearly 2,000 consumers found that 67% experienced rate increases in 2024, down slightly from 72% in 2023.

Insurance 372
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Mortgage rates sharp reversal as market go wild

Housing Wire

The past few days have been highly turbulent for the stock and bond markets, resulting in dramatic shifts in mortgage rate pricing. When chaos enters the marketplace, it quickly makes its presence felt. This is a critical moment for all of us to stay informed and navigate these challenges together. I’ve been concerned over the past few days, emphasizing that without the recent tariff news , we likely wouldnt have seen mortgage rates drop to a year-to-date low last week.

Marketing 501
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6 time management hacks to sell more homes in 2025

Housing Wire

A majority of agents believe 2025 is going to be a great year for the housing market, with 85% saying they have an optimistic outlook , and 70% believing the market will be more stable, according to a new survey from Clever Real Estate. Although agents are split on whether its going to be a buyers market or a sellers market, 87% of agents predict that demand will remain very strong over the next year.

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WFG’s Patrick Stone has stamped his mark on real estate

Housing Wire

Patrick Stone, the founder and chairman of Williston Financial Group (WFG), is celebrating 50 years in the real estate industry a milestone that coincides with the 15th anniversary of WFG, which he launched in the wake of the Great Recession. Its surreal, Stone said. I started in April of 1975. I never thought Id still be at it five decades later, but I love this business the people, the challenge, the evolution of it all.

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LPT Realty’s Robert Palmer is building a ‘brokerage for life’

Housing Wire

When Robert Palmer launched LPT Realty in March 2022, he didnt just set out to build another real estate brokerage. He wanted to redefine what a brokerage could be. In just three years, the Florida-headquartered firm cracked the top 10 of the RealTrends Verified Brokerage Rankings , No. 10 in transaction sides and No. 14 by sales volume. If you ask Palmer, the secret to LPTs growth , it isnt just in its tech or culture, its in its refusal to follow in the footsteps of other top brokerage firms.

Brokerage 370
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Home Auction Buyer Optimism Hits Three-Year High 

Appraisal Buzz

Auction.com has released its 2025 Buyer Insights report , showing buyers of distressed properties at auction are the most optimistic they have been in three years when it comes to expectations for property purchases in the coming year, while becoming less bearish about home price appreciation and rents. Based on a February 2025 survey of more than 350 Auction.com buyers, the survey also found that 26% of auction buyers describe themselves as owner-occupants, double the share from a year ago.

Buyers 389
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Homeowners are confident heading into peak selling season

Housing Wire

A majority of potential U.S. home sellers believe now is a good time to list their homes. This is driven by their confidence in home values and buyer demand, according to survey results released Monday by Realtor.com. Roughly 70% of potential sellers said it is a favorable time to sell, despite concerns about mortgage rates and broader economic factors.

Sellers 362
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Foreclosure auctions rise in Q1 after VA moratorium expires

Housing Wire

Foreclosure auction activity across the U.S. rose to a six-quarter high during the first three months of 2025, fueled by a surge in properties that hit the market after the expiration of post-pandemic protections, according to a report from Auction.com. Completed foreclosure auctions were up 20% from the previous quarter and up 4% from a year earlier, despite some mid-quarter softening.

Buyers 363
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Keller Williams franchisees sue eXp team leader over recruitment efforts

Housing Wire

Florida-based Keller Williams franchisees are alleging that prominent eXp Realty team leader Veronica Figueroa and Joseph Firmin have breached a contract and misappropriated trade secrets in their recruiting efforts. The suit was filed earlier this month in the Ninth Circuit Court for the State of Florida by Keller Williams Advantage 2 Realty in Waterford, Keller Williams Advantage Realty in Oviedo and Keller Williams Advantage III Realty in Lake Nona against Figueroa , the leader of The Fig Tea

Realty 393
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Closing costs for the typical home purchase now top $4,600

Housing Wire

Homebuyers paid an average of $4,661 in closing costs on purchase mortgages last year, according to a new report from LodeStar Software Solutions. The company released its first-ever purchase mortgage closing cost report. The findings showed that, on average, closing costs represented 1.06% of home sale prices at the national level. The median percentage came in slightly lower at 0.88%.

Mortgage 375
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FHFA replaces Freddie Mac board member amid other changes

Housing Wire

The Federal Housing Finance Agency (FHFA) continues to make leadership changes at the board and executive levels of Freddie Mac and Fannie Mae. Capital One multifamily finance executive Grace Huebscher, who served as Chair of the Risk Committee and a member of several other committees, resigned from Freddie Mac ‘s board on March 24, according to TipRanks.

Finance 467
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Title companies fighting cybercrime to protect the American dream

Housing Wire

Real estate transactions typically involve large sums of money, which makes them an attractive target for cybercriminals who use wire fraud and business email compromise (BEC), a scheme where legitimate business email is compromised to convince unwitting victims to transfer funds, as their favored tactics. The FBIs Internet Crime Complaint Center (IC3) report found BEC scams resulted in losses of $2.9 billion in 2023.

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FBI warns of home title theft surge

Housing Wire

The Boston division of the FBI is sounding the alarm over a rise in home title theft , aka quit claim deed fraud, a scheme in which scammers forge documents to steal property ownership and cash in on unsuspecting homeowners. Folks across the region are having their roots literally pulled out from under them, Jodi Cohen, a special agent in charge of the bureau’s Boston division, said in a statement.

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Randell Gillespie named president of LeaderOne

Housing Wire

Veteran mortgage executive Randell Gillespie has been named president of Kansas City -based mortgage shop LeaderOne. Gillespie joins LeaderOne following a long stint at Thrive Mortgage and Lower , which merged in early 2024. He most recently served as chief production officer at the combined company before his departure in February 2025. This company was built for these times with an incredibly strong capital base, a genuine care culture, and forward thinking creativity supported by proprietary

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The Fed needs labor to break to cut rates more aggressively

Housing Wire

Since 2022, Ive focused on the relationship between labor and Fed policy. Theres a common belief that a decrease in the inflation growth rate would lead to mortgage rates dropping below 6% as the Fed would cut more aggressively. However, we havent seen that improvement. Todays soft Consumer Price Index ( CPI ) inflation report indicates progress. However, it also highlights that we are still adjusting to the pandemic-related inflation that arose when supply chains were disrupted and recovered.