Housing Wire
SEPTEMBER 11, 2024
On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center , which tracks actual loan lock data from Polly , is also at a year-to-date low of 6.44%.
Appraisal Buzz
SEPTEMBER 13, 2024
The latest Mortgage Credit Availability Index (MCAI) released by the Mortgage Banker’s Association (MBA) indicated that there was an increase in mortgage credit availability in August. In August, the MCAI increased by 0.9% to 99.0. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements. In March 2012, the index was benchmarked at 100.
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Sacramento Appraisal Blog
SEPTEMBER 11, 2024
Mortgage rates have gone down, but buyers aren’t that impressed yet. It seems like the real estate community is really excited about lower rates, but buyers aren’t sharing the enthusiasm so much (yet). Let’s talk about it and maybe kick around some language to describe today’s housing market. Skim by topic or digest slowly. UPCOMING […] The post Buyers aren’t impressed yet with lower rates first appeared on Sacramento Appraisal Blog.
Real Estate News
SEPTEMBER 12, 2024
The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.
Housing Wire
SEPTEMBER 7, 2024
Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed. While the Fed can be old and slow, the bond market, thankfully, is doing a lot of the heavy lifting and has already priced in a lot of Fed easing policy.
Appraisal Buzz
SEPTEMBER 10, 2024
Freddie Mac CEO Diana Reid The Board of Directors of Freddie Mac has announced the selection of real estate and financial services industry veteran Diana Reid to serve as the company’s new CEO, effective immediately. Reid will also serve as a member of Freddie Mac’s Board of Directors. President and Interim CEO Michael Hutchins will continue as the company’s President.
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Real Estate News
SEPTEMBER 9, 2024
A Fannie Mae survey found that despite sour attitudes about homebuying, there’s hope that rates and prices will decline — and a geographic divide over selling.
Housing Wire
SEPTEMBER 12, 2024
Home equity continued to rise in the second quarter of 2024 as residential properties with mortgages collectively gained $1.3 trillion in equity over the past year. But growth began to slow during these three months, according to the CoreLogic Homeowner Equity Insights report published on Thursday. The aggregate equity gain was 8% year over year, bringing total equity on mortgaged properties to more than $17.6 trillion at the end of Q2 2024.
Appraisal Buzz
SEPTEMBER 10, 2024
Young adults today are living with their parents at a rate unseen since 1940, according to a study from Apartment List , whose research team collects and analyzes U.S. rental market data. Necessity, rather than choice, has placed many families in this position, economists say. “Fewer than one-in-five [young adults living at home] are earning incomes that would allow them to comfortably afford local rent prices, a far lower share than in the past.
Eyes on Housing
SEPTEMBER 11, 2024
In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share. In NAHB’s What Home Buyer’s.
Real Estate News
SEPTEMBER 13, 2024
The pre-sale renovation company, which got early support from NAR, also will change its marketing and be more transparent about its deals with agents.
Housing Wire
SEPTEMBER 12, 2024
Lower mortgage rates over the past several months have led to increased affordability for prospective homebuyers, and this could lead to an extra competitive fall 2024 season. That’s according to a Zillow report released Thursday in which the Seattle -based real estate company said that “lower mortgage rates and rising inventory are giving home buyers a window of opportunity at an unusual time of year.“ Zillow noted that the U.S. median monthly mortgage payment in August had declined by mo
Appraisal Buzz
SEPTEMBER 9, 2024
The Five Star Conference 2024 is right around the corner! Set for September 24-26 at the OMNI Hotel in Dallas, the list of scheduled speakers, educational offerings, and networking opportunities continues to grow, offering something for all in the mortgage finance marketplace. At the FORCE Rally , attendees will be presented with relevant content, top-tier speakers, and exclusive insight so attendees can take their business to the next level amidst an unpredictable and tumultuous economic landsc
Inman
SEPTEMBER 13, 2024
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.
Real Estate News
SEPTEMBER 7, 2024
Agents in four states — Tennessee, Georgia and the Carolinas — can now access 1.9 million shared listings, while REcolorado and IRES re-up their partnership.
Housing Wire
SEPTEMBER 10, 2024
In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. But if prior suppositions about this trend being overblown failed to convince people, new data might make things clearer. More than half (54%) of baby boomers have no intention of ever selling their homes, according to new survey data from Clever Real Estate.
Appraisal Buzz
SEPTEMBER 13, 2024
Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. Dutill, who was previously Associate Counsel with Cenlar FSB and managed litigation at Ocwen Financial Corporation and GMAC Mortgage, will advise Incenter and its member firms on legal and compliance issues.
Inman
SEPTEMBER 9, 2024
Ranchers turned real estate advisors offer unmatched expertise in land and ranch sales, expertly navigating complex transactions with deep knowledge of regulations, natural resources and property nuances.
Real Estate News
SEPTEMBER 13, 2024
The nation’s second-largest multiple listing service has been making it easier to enter the data (and keep it private). Is this the wave of the future?
Housing Wire
SEPTEMBER 9, 2024
The mortgage industry has complained loudly and often that government regulation and investor requirements are contributing to spiraling costs that get passed on to consumers. And Rohit Chopra , the hard-charging director of the Consumer Financial Protection Bureau , who is often the target of such complaints, apparently agrees. At least when it comes to redundancies with refinancings, that is. “We really think closing costs can be a significant obstacle to refinancing,” Chopra said
Appraisal Buzz
SEPTEMBER 11, 2024
A new report from RentCafe has ranked the nation’s best markets for rentals. The report found that the Midwest’s transformation to a leading area in tech and manufacturing is attracting budget—renters seeking affordability, amenities, and nature. This trend has propelled suburban Chicago to the top of the list of nation’s hottest rental markets, unseating the Miami region which long held its dominance atop the U.S. rental market.
Inman
SEPTEMBER 11, 2024
After learning that Amazon founder Jeff Bezos was behind the entity that had purchased his Indian Creek Island home at a $6 million discount, homeseller Leo Kryss was not pleased with the brokerage, which double-ended the deal.
Real Estate News
SEPTEMBER 11, 2024
The future of private listings and MLS integrity is at stake as a key NAR committee meets this week to hear arguments about keeping — or scrapping — the policy.
Housing Wire
SEPTEMBER 10, 2024
Rocket Companies , the parent of Rocket Mortgage , has set ambitious goals to increase market share by 2027 using its multichannel reach, its origination and servicing flywheel, and its advanced technology platform. Rocket aims to double its current market share in purchase mortgages from 4% to 8% and expand its refinance share from 12% to 20%, executives said during the company’s first Investor Day event on Tuesday.
Appraisal Buzz
SEPTEMBER 10, 2024
With mortgage rates on the decline and housing supply ramping up, affordability is on the rise for many, Realtor.com’s latest market analysis found that much anticipated market relief is on the way, and many potential buyers are stepping off the sidelines. Realtor.com’s Sixth Annual “ Best Time to Buy Report ” examined listing prices, inventory levels, new “fresh” listings, time on market, homebuyer demand, and price reductions, revealing that the “Best Time to Buy” in 2024 will be the week of S
Inman
SEPTEMBER 12, 2024
The search platform is already live on the multiple listing service's website and comes amid a growing interest in using artificial intelligence to improve consumer home searches
Real Estate News
SEPTEMBER 10, 2024
A recent poll shows a split between major industry players when it comes to the National Association of Realtors’ performance — and its settlement.
Housing Wire
SEPTEMBER 11, 2024
If you were fortunate enough to buy the typical U.S. home in June 2022, you probably locked in about $1,400 a month in mortgage payments. Due largely to higher mortgage rates , that same home today would cost about $2,175 a month. So it’s no surprise that home sales over the last two-plus years have been at some of the lowest levels in modern history.
Appraisal Buzz
SEPTEMBER 9, 2024
Redfin has reported that following revisions to industry rules required by the National Association of Realtors lawsuit settlement , commission negotiations have grown more regular in certain markets and at higher price points. The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes.
Inman
SEPTEMBER 12, 2024
DHI Mortgage, Rate and CrossCountry Mortgage ranked as biggest employers of top-producing Latino mortgage originators by the National Association of Hispanic Real Estate Professionals (NAHREP)
Real Estate News
SEPTEMBER 10, 2024
According to a recent WAV Group poll of real estate professionals, only 28% want to keep the policy as-is, with many citing concerns over litigation.
Housing Wire
SEPTEMBER 10, 2024
HousingWire asked past Tech Trendsetter honorees about the biggest tech transformations they’ve witnessed and where companies in mortgage and real estate should focus their energy in 2024. Their unanimous answer: artificial intelligence (AI) is revolutionizing how the industry works, from boosting productivity to streamlining operations. Dive into their insights on how AI is reshaping the future of mortgage and real estate.
Appraisal Buzz
SEPTEMBER 13, 2024
The Homeowner Equity Report (HER) for the second quarter of 2024 has been made available by CoreLogic. According to the report, since Q2 of 2023, home equity for U.S. homeowners with mortgages—who own roughly 62% of all properties—has increased by 8.0% annually. This represents a cumulative gain of $1.3 trillion and an average increase of $25,000 per borrower.
Inman
SEPTEMBER 10, 2024
Officials from the National Association of Realtors are meeting this week to discuss the so-called pocket listing ban — one of the industry's most polarizing rules.
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