Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Inventory 533

Inventory Housing Market Mortgage Marketing 533

Appraisal Buzz

JULY 26, 2024

Though home prices have plateaued in many areas, they remain near record highs across the United States. According to the opinions of LendingTree staff writer Jacob Channel, with steep housing costs, some Americans may recall the dramatic price surges of the early to mid-2000s, which preceded the Great Recession of 2007-2009. This historical comparison might incite panic, as the Great Recession led to significant home value declines and numerous foreclosures.

Housing Market 448

Housing Market Marketing Home Value Mortgage 448

Real Estate News

JULY 24, 2024

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

Contracts 334

Contracts Buyers Marketing 334

Inman

JULY 9, 2024

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

Real Estate Agent 199

Real Estate Agent Real Estate Brokerage Agents 199

Eyes on Housing

JULY 25, 2024

In the second quarter of 2024, the U.S. economy grew twice as fast as it did in the first quarter, supported by consumer spending and private inventory investment. Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.3% for the second quarter, down from a 3.1% increase.

Inventory 187

Inventory Investing 187

National Association of Realtors

JULY 19, 2024

With practice changes coming that include the prohibition of offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep an open line of communication.

Appraisal 92

Appraisal Agents 92

Appraisal Buzz

JULY 10, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed new rules to simplify the process for homeowners to get help when struggling to pay their mortgage. “ Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties ,” if finalized, would require mortgage servicers to focus on helping borrowers, not foreclosing, when a homeowner asks for help.

Mortgage 448

Mortgage Home Improvement Government Investors 448

Real Estate News

JULY 24, 2024

A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.

313

313

Inman

JULY 5, 2024

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

Mortgage 196

Mortgage Marketing 196

Eyes on Housing

JULY 31, 2024

The U.S. homeownership rate was 65.6% in the second quarter of 2024, unchanged from the first quarter of 2024, according to the Census’s Housing Vacancies and Homeownership Survey (HVS). However, this marks the lowest rate in the last two years. The homeownership rate is below the 25-year average rate of 66.4%, due to a multidecade.

179

179

BiggerPockets

JULY 27, 2024

This article is presented by Steadily. Read our editorial guidelines for more information. Making mistakes with insurance coverages when buying investment properties can cost you big time.

Insurance 83

Insurance Investors Investing 83

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

Buyers 479

Buyers Inventory Realtors Real Estate 479

Appraisal Buzz

JULY 29, 2024

Renters across the United States are grappling with soaring rental prices, a trend that shows no signs of slowing. According to a recent analysis by Forbes , rental prices have reached unprecedented levels, leaving many renters in a difficult position. Current Market Trends The latest data indicates that the average rent for a one-bedroom apartment has increased by approximately 10% over the past year.

Law 434

Law Tenants Construction Marketing 434

Real Estate News

JULY 22, 2024

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

Buyers 313

Buyers Contracts Realtors 313

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 192

Contracts Buyers Sellers Brokerage 192

Eyes on Housing

JULY 30, 2024

Home prices experienced a third year-over-year deceleration in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 5.94% annual gain in May, down from a 6.39% increase in April. Since June of 2023, the index had seen steady increases in the.

174

174

BiggerPockets

JULY 26, 2024

Renting has its horror stories, and sometimes it gets out of control. Jeff gives us an inside look at what happened when one of his tenants rented out his property without him knowing, plus stories from other landlords.

Tenants 82

Tenants Landlords 82

Housing Wire

JULY 17, 2024

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

Real Estate 473

Real Estate Agents Training Buyers 473

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This marks an increase from 59.6% year-over-year, the largest annual rise in a year and the highest share for any June since 2020. June marked the fourth consecutive month in which the proportion of homes lingering on the market for at least a month increased year-over-year.

Inventory 433

Inventory Marketing HOA Contracts 433

Real Estate News

JULY 18, 2024

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Buyers 307

Buyers Inventory Mortgage 307

Inman

JULY 22, 2024

The company celebrated during a live "growth call" with leaders from more than 1,000 franchisees in the U.S. and Canada. Nearly 150 KW agents have earned more than $1 million in lifetime profit share.

Agents 191

Agents Brokerage 191

Eyes on Housing

JULY 26, 2024

Personal income inched up 0.2% in June, down from a 0.4% increase in the prior month, according to the most recent data release from the Bureau of Economic Analysis (BEA). Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the personal savings rate decreased to.

174

174

BiggerPockets

JULY 31, 2024

Why is everyone ignoring this one severe housing market trend, what does a 2008 crash predictor think will happen in 2025, and why are homes starting to sit longer on […]

Housing Market 80

Housing Market Marketing 80

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. However, the new listings data has slightly disappointed me. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. But, I set targets with a minimum 80,000 new listings for at least one week at the seasonal peak and that didn’t happen; the peak so far was 72,329, and now we are enter

New Listings 470

New Listings Inventory Mortgage Sellers 470

Appraisal Buzz

JULY 12, 2024

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). These new protections were brought about due to the FHFA’s ongoing engagement with market participants and key stakeholders on tenant issues, and represents the first time that tenant protections will be a standard component of GSE multifamily financing.

Tenants 435

Tenants Landlords Legal Finance 435

Real Estate News

JULY 27, 2024

To align with the NAR settlement, eXp has issued a new listing form that explicitly states that there is no commission sharing with a buyer's agent.

New Listings 288

New Listings Agents Buyers 288

Inman

JULY 12, 2024

The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.

Legal 188

Legal Realtors Clients Buyers 188

Mashvisor

JULY 24, 2024

When deciding how to manage your short term rental, you need to know what Airbnb property management fees are and how much they cost.

Property Management 78

Property Management Investing Real Estate 78

BiggerPockets

JULY 7, 2024

The mortgage industry has just been through one of its biggest booms and busts, but some tech-first, cost-saving innovations could improve things for borrowers after this current cycle.

Finance 82

Finance Mortgage Marketing 82

Housing Wire

JULY 25, 2024

Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4 billion in cash, funded via available cash and drawdowns of existing MSR lines.

Business 460

Business Retail Contracts Mortgage 460

Appraisal Buzz

JULY 2, 2024

Homeowners preparing to sell, as well as those planning to stay put for the long haul, undertake home improvement projects, either to boost the property’s resale value or to increase their at-home quality of life. In order to help either type of homeowner make smarter choices, analysts at Fixr examine data from the annual Remodeling Cost vs. Value Report to determine home improvement projects with the greatest return on investment.

Home Improvement 435

Home Improvement Investing Real Estate Real Estate Agent 435

Real Estate News

JULY 2, 2024

A proposed mixed-use apartment community anchored by a Costco warehouse store could signal a new approach to affordable housing.

291

291

Inman

JULY 9, 2024

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.

Real Estate 187

Real Estate Real Estate Agent Agents Brokerage 187

Mortgagebroker News

JULY 7, 2024

We caught up with Joe White, president and CEO of the Industry Service Provider of the Year, to hear the secrets behind its success

Mortgage 79

Mortgage 79