Housing Wire
APRIL 21, 2025
U.S. home sellers offered concessions to buyers in near-record numbers during the first quarter of 2025 as rising housing costs , high mortgage rates and growing economic uncertainty continued to reshape the real estate landscape. According to a new report from Redfin , 44.4% of home sales from January through March included concessions such as money toward repairs, closing costs or mortgage rate buydowns.
Appraisal Buzz
APRIL 24, 2025
Existing-home sales were at a seasonally adjusted annual rate of 4.02 million in March, a decrease of 5.9% compared with February, according to the National Association of Realtors (NAR). Year-over-year, existing-home sales fell 2.4%. Driving the decrease were higher mortgage rates and market volatility caused by the tariffs. Higher home prices also played a role: The median existing-home sales price climbed 2.7% from March 2024 to $403,700, an all-time high for the month of March and the 21st c
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Sacramento Appraisal Blog
APRIL 22, 2025
The housing market has some of the worst sales numbers we’ve ever seen, but that’s not the vibe at the very highest prices. Today, I want to talk about the strength we’re seeing in the luxury market in Sacramento, and I’d love to hear from others around the country. Are you seeing a similar dynamic? […] The post Weak does NOT describe the high-end market first appeared on Sacramento Appraisal Blog.
Inman
APRIL 22, 2025
State regulators are scrutinzing Realtor practices and mandating consumer-friendly, fiduciary-level professional behavior, Summer Goralik writes.
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Housing Wire
APRIL 25, 2025
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.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
George Dell
APRIL 21, 2025
Why are adjustments a problem? The concept is simple. How does a typical buyer react (with a number), to a particular feature? For example, it seems to be easy to judge a persons reaction to a house which is, say, 15% bigger. Economists use what is called apreference function to analyze this. This concept is […] The post A New Adjustments Problem?
Inman
APRIL 24, 2025
Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun.
Housing Wire
APRIL 21, 2025
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.
Appraisal Buzz
APRIL 24, 2025
While the issuance of securities backed by commercial property debt got off to a strong start in the first quarter of this year, uncertainty about tariffs and their impact on economic growth has eroded sentiment in the CRE finance market. To learn more about how tariffs and market volatility will continue to impact the CRE market, as well as the outlook for CMBS and CRE CLO issuance for the year, MortgageOrb interviewed Lisa Pendergast, president and CEO of the CRE Finance Council (CREFC).
Speaker: Dylan Secrest
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Appraiserblogs
APRIL 25, 2025
That could bring our best and brightest back to GSE lending, leveling the playing field with fairer work distribution. Picture this: a system built to protect homeowners, backed by taxpayer dollars, now teetering on the edge of betrayal. The regulatory framework governing Government-Sponsored Enterprises (GSEs) was once a fortress of consumer protection, transparency, and fairness.
Inman
APRIL 22, 2025
In the first quarter of the year, 44.4 percent of homesellers included concessions in their deals, just shy of the record 45.1 percent seen at the start of 2023, according to new data released Monday by Redfin.
Housing Wire
APRIL 21, 2025
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%.
Appraisal Buzz
APRIL 23, 2025
Mortgage application volume fell 12.7% during the week ended April 8, as the average rate for a 30-year fixed-rate mortgage increased to 6.90%, up from 6.81% the previous week, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances tumbled 20% compared with the previous week but were up 43% compared with the same week one year ago.
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Real Estate News
APRIL 25, 2025
In the 39-page complaint, Compass alleges that NWMLS policies prohibiting pre-marketing are preventing meaningful competition from gaining traction.
Inman
APRIL 21, 2025
Stephen Brobeck, senior fellow at the Consumer Policy Center, examines competing interests and competing policies to determine which will benefit consumers.
Housing Wire
APRIL 21, 2025
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
Appraisal Buzz
APRIL 24, 2025
Mortgage rates edged down slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.81%, down from 6.83% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.17%. The average mortgage rate decreased slightly this week, says Sam Khater, chief economist for Freddie Mac, in a statement.
Real Estate News
APRIL 19, 2025
The Georgia case joins a handful of others as agents argue they are being forced to pay unnecessary association fees to gain access to listings.
Inman
APRIL 25, 2025
FirstTeam Real Estate, an independent brokerage with roots in Southern California, is taking its success nationwide. The firm recently announced the launch of its nationwide expansion, starting with new offices in Idaho and Washington. More markets are in the pipeline, including Arizona, Nevada, Oregon and others yet to be announced.
Housing Wire
APRIL 25, 2025
The other shoe has finally dropped. After weeks of back and forth online, Compass filed an federal antitrust lawsuit in U.S. District Court in Seattle against Northwest MLS (NWMLS) over NWMLSs Clear Cooperation Policy (CCP) on Friday. NWMLS is a broker-owned MLS, rather than owned by the Realtor association, meaning that it is not subject to the National Association of Realtors (NAR) rules.
Appraisal Buzz
APRIL 22, 2025
Single-family home prices increased 1.4% in the first quarter compared with the second quarter and were up 5.2% compared with the first quarter of 2024, according to Fannie Maes home price index. The pace of home price growth has been fairly steady during the past year, the firm says, but is expected to moderate in 2025 and 2026. In 2024, national home price growth reached 5.8%.
Real Estate News
APRIL 19, 2025
Listings transparency is critical for both consumers and the industry, and NAHREP supports efforts by Zillow, eXp and Redfin to provide access to all listings.
Inman
APRIL 22, 2025
Shift your business out of survival mode when you adopt a CEO mindset, implement smart processes and procedures, and scale with the future in mind, broker Jessica Souza writes.
Housing Wire
APRIL 22, 2025
When assessing the landscape of housing affordability today, conversations between members of the millennial and baby boomer generations can often devolve into finger pointing over which of them is to blame for the high costs of housing. New survey data from Clever Real Estate indicates that while the blame game continues, 31% of respondents blame millennials for affordability woes compared to 27% who blame boomers.
Appraisal Buzz
APRIL 24, 2025
Homebuyer affordability improved month-over-month in March, according to the Mortgage Bankers Associations (MBA) Purchase Applications Payment Index (PAPI). The report shows that the national median mortgage payment applied for by purchase applicants decreased to $2,173 in March, down from $2,205 in February. The index measures how new monthly mortgage payments vary across time relative to income using data from MBAs Weekly Applications Survey (WAS).
Real Estate News
APRIL 21, 2025
Zillows predicted difference from March 2025 to March 2026 went from barely positive to down 1.7%. And ongoing economic uncertainty isnt helping.
Inman
APRIL 23, 2025
What if the fastest way to break through your biggest blocks was asking AI to call you out? Real's Drew Thompson explains how.
Housing Wire
APRIL 25, 2025
As technology becomes an increasingly important part of life for people across the spectrum of age, a new mobile application being developed by researchers at the University of Wisconsin -Madison aims to add augmented reality to the tools for those seeking to age in place. Augmented reality technology works by taking a real-time visual from something like a mobile devices camera, scanning the area with estimated depth tracking, and inserting digital objects into a real-world image.
Appraisal Buzz
APRIL 23, 2025
The total number of mortgage loans in forbearance decreased by 2 basis points in March, dropping to 0.36% of servicers portfolio volume, down from 0.38% in February, according to the Mortgage Bankers Associations monthly Loan Monitoring Survey. As of March 31, roughly 180,000 homeowners were in forbearance plans. Mortgage servicers have provided approximately 8.6 million forbearances since March 2020, the MBA says.
Real Estate News
APRIL 25, 2025
A newly launched proptech company with Zillow roots offers tools to guide buyers through a transaction without representation or agent pressure.
Inman
APRIL 23, 2025
As a Realtor, you've seen it all, so tell us what one thing, from your perspective, would go the furthest in improving fair housing compliance?
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