Sat.May 24, 2025 - Fri.May 30, 2025

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Mortgage Applications Edged Down Last Week as 30-Year Rises to Nearly 7 PercentĀ 

Appraisal Buzz

Mortgage application volume dipped 1.2% during the week ended May 23, as the average rate for a 30-year, fixed-rate mortgage increased to 6.98%, up from 6.92% the previous week, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances decreased 7% compared with the previous week but were up 37% compared with the same week one year ago.

Mortgage 195
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The many ways real estate brokerages boost agent productivity

Housing Wire

Real estate agents flourish when they can generate referrals, and Jason Mitchell Group (JMG) has practically industrialized the process. The Arizona-based brokerage has organized a vast network of referral partners that include major mortgage lenders like Rocket Mortgage, Veterans United Home Loans and Mr. Cooper just to name a few. This has enabled JMG agents to close more transactions.

Brokerage 366
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Opendoor could drop off NASDAQ if stock doesn’t rebound

Real Estate News

The iBuyer has been struggling to get its footing since 2022 despite replacing its CEO and working to build partnerships with agents and brokerages.

Brokerage 230
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Jamie Dimon Called Out Investors—Are We Too Complacent About the Economy?

BiggerPockets

Jamie Dimon, the CEO of JPMorgan Chase and one of the most influential figures in global finance, recently made a bold statement: Investors are showing “an extraordinary amount of complacency.

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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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MBA: Homebuyer Affordability Continued to Decrease in April

Appraisal Buzz

Homebuyer affordability decreased slightly in April, falling 0.6% to a score of 163.0 on the Mortgage Bankers Associations (MBA) Purchase Applications Payment Index (PAPI). Thats down from an index score of 164.1 in March. The index measures how new monthly mortgage payments vary across time relative to income using data from MBAs Weekly Applications Survey (WAS).

Inventory 195

More Trending

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Where small brokerages have an edge over the giants

Real Estate News

LeadingREs Jessica Edgerton explained how regional and family firms can excel by reacting to market changes quickly and building culture and trust.

Brokerage 290
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Trending: Google goes all-in on AI — are you ready?

Inman

Googles latest AI push could reshape everything from home searches to content creation. Plus, Threads gets more flexible and Deloitte confirms what we already suspected people follow people, not brands.

Marketing 150
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2025 Summer Reading List

Appraisal Buzz

Summers almost here! Whether youre hustling between inspections, enjoying a rare moment of downtime, or just looking for a smarter way to spend your poolside hours, weve got this years book recommendations stacked, just for you. Our 2025 Summer Reading List is filled with smart, thought-provoking picks to keep your mind sharp and your motivation high.

Appraisal 195
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Bipartisan Senate duo finds common ground on fighting wildfires

Housing Wire

In the halls of U.S. democracy, bipartisanship is a difficult concept. But some topics seem more likely to warrant collaboration between Republicans and Democrats , especially when it comes to housing or housing-adjacent issues. One such issue is natural disasters , including wildfires. Two senators with different bases of support are uniting in their efforts to fight them through new legislation.

Law 314
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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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Is it finally a buyers market?

Real Estate News

With sellers far outnumbering buyers, conditions now favor home shoppers, according to a new Redfin report. Does that mean home prices will start falling?

Buyers 273
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NS3 Preview: NAR economist to offer clearer perspective on housing demand

Valuation Review

Dr. Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors, will counter the existing narratives of housing market distress with the actual data driving consumer behavior. Lautz will present her thoughts at the National Settlement Services Summit (NS3). Read on for more of this NS3 presentation preview.

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UAD 3.6: The Appraisal Industry’s Shiny New Straightjacket

Appraiserblogs

UAD 3.6, the appraisal industrys shiny new straitjacket, promises efficiency but threatens to bury appraisers under a mountain of data demands and tech troubles, risking the integrity of valuations in a quest for modernization. The appraisal industry is bracing for the rollout of the Uniform Appraisal Dataset (UAD) 3.6, a supposed game-changer slated for an optional beta in September 2025 and a mandatory debut by November 2026.

Appraisal 124
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Does Texas bill protect NAR members’ hate speech or just unpopular opinions?

Housing Wire

Everything is bigger in Texas is a folksy saying that conjures smiles when thinking about Buc-ees, wide-brim western hats, or ostentatious longhorn belt buckles.But what may draw a look of ire is the newly introduced state senate bill that already has a reputation of legally forcing professional or trade associations and organizations in Texas to look the other way when hate speech spews out of the mouth (or fingers) of an association member.

Legal 346
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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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The power of mortgage rates ā€˜cannot be overstated’

Real Estate News

Though high mortgage rates persist, a new Realtor.com survey indicates some younger potential homebuyers are growing tired of delaying their purchase plans.

Mortgage 214
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HUD provides $1B in affordable housing funds for tribal communities

Valuation Review

The Department of Housing and Urban Development made more than $1.1 billion in Indian Housing Block Grant funding for available to tribal communities earmarked for affordable housing activities.

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Sustainable Development Projects in British Columbia

D Fritz Appraisals

Sustainable Developments: Shaping British Columbias Future British Columbia continues to lead Canada in sustainable innovation, reshaping how we build, live, and interact with our environment. Across the province, forward-thinking real estate and infrastructure projects are integrating green design , low-carbon technologies, and Indigenous partnerships to create communities that thrive both now and in the future.

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Bessent weighs mortgage rate risk in potential release of GSEs from conservatorship

Housing Wire

Releasing the GSEs from conservatorship became a hot topic again this week after President Trump posted that he was giving it “serious consideration” on Wednesday, followed by a Bloomberg interview with Treasury Secretary Scott Bessent on Friday. The timing of the president’s announcement took many by surprise, given rising bond yields, an uncertain trade war landscape and mortgage rates surpassing 7%.

Mortgage 491
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How mainstream media approaches real estate reporting

Real Estate News

Reporters from The Wall Street Journal and New York Times spoke to an audience of real estate execs about how they cover the industry and contentious topics.

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A Housing Statistic You Can’t Ignore

BiggerPockets

The U.S. housing market just hit a milestone.

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How to Improve Curb Appeal: What Appraisers Notice

D Fritz Appraisals

Improving Curb Appeal to Improve Home Value First impressions matterespecially when it comes to your home’s appraisaland knowing how to improve curb appeal can make all the difference. During the summer months, your property’s exterior becomes even more noticeable to appraisers. By focusing on specific elements that professionals look for, you can enhance your home’s curb appeal and potentially increase its appraised value.

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Culture over commission: Building a top-producing team that lasts

Housing Wire

Some brokerages are what I sometimes think of as Lily Pads because theyre waystations where agents sometimes goalbeit brieflyto level up their commission splits. And then they move on. Lily Pad brokerages attract and recruit based on a higher split, but fail to retain a cohesive team because they dont lead with a culture focused on long-term career growth.

Clients 301
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Brokerage Beat: News from Coldwell Banker, C21, eXp, more

Real Estate News

Coldwell Banker and C21 nab new affiliates; eXp adds over 100 agents in Arizona and Nebraska; The Agency expands its reach in Texas; more.

Brokerage 235
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Is Your Property Management Company Putting Your Investments at Risk?

BiggerPockets

You did the hard work. You analyzed the deal, secured the financing, and handed the keys over to a professional property manager.

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Experts say home prices must fall to tackle Canada's affordability crisis

Mortgagebroker News

Federal housing minister says prices don't need to come lower – others disagree

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Purchase applications remain bright spot as rates increase

Housing Wire

Mortgage applications decreased 1.2% from one week earlier, per data from the Mortgage Bankers Associations (MBA) Weekly Mortgage Applications Survey for the week ending May 23, 2025. On an unadjusted basis, the index decreased 2% compared with the previous week. The refinance index decreased 7% from the previous week, but remained 37% higher than the same week one year ago.

Contracts 344
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The Appraisal Process & What Appraisers Look For: Part 2- A Guide for New Agents

Birmingham Appraisal

A Primer for Agents About the Appraisal Process As a new real estate agent, youll quickly realize that the appraisal process can be one of the most crucialand sometimes confusingparts of the buying and selling process. Appraisers play an important role in determining a propertys market value, and their value estimates can influence everything from loan approval to the closing price.

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Why HomeServices is approaching acquisitions differently

Real Estate News

Chris Kelly, who stepped into the CEO role in April, is assessing HomeServices backend systems and its acquisitions strategy.

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Canada likely in technical recession, economists say

Mortgagebroker News

Housing market cools just as trade frictions heat up

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Global readiness: Preparing for the luxury summer selling season across markets

Housing Wire

Preparing for the summer season typically a peak period in most real estate markets requires strategic planning and a keen focus on the client experience. Competition can heat up quickly and as a global brokerage, heres how were preparing for a successful luxury summer selling season across the markets we serve and how you can do the same. Strengthen operational readiness Operational readiness is critical as the summer selling season revs up, and part of that is adding and allocating brokerage

Marketing 322
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Typical U.S. Luxury Home Sold for $1.35 Million in April

Appraisal Buzz

The typical U.S. luxury home sold for a near-record $1,348,065 in April, up 6.5% from a year earlier, according to a report from Redfin. For the three-month period ended in April, luxury home prices grew the most in West Palm Beach (+25.8%) and fell the most in San Francisco (-2.2%) which also saw the biggest increase in sales of the 50 most populous metros, according to the firms data.

Buyers 195
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State-Level Employment Situation: April 2025

Eyes on Housing

Nonfarm payroll employment increased in 40 states in April compared to the previous month, while it decreased in 10 states and the District of Columbia. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 177,000 in April following a gain of 185,000 jobs in March. On a month-over-month basis, employment.

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