Sat.May 10, 2025 - Fri.May 16, 2025

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Mortgage demand still staying firm with elevated rates

Housing Wire

If someone had told me that home sales would remain firm this year despite mortgage rates ranging from 7.25% to 6.64%, I would not have taken that bet. However, amid all the chaotic economic headlines of 2025 so far, the demand for mortgages is holding steady, even with the higher rates. Let’s dig into the latest Housing Market Tracker data to see what last week brought us.

Mortgage 470
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More homes are for sale — but not at the right price point

Real Estate News

A new report from NAR and Realtor.com found that households earning $100k or less can afford far fewer homes today compared to before the pandemic.

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It’s been a long time since we’ve seen housing stats like this

Sacramento Appraisal Blog

This hasn’t happened in a long time. Price stats are barely up from one year ago. Over the past few months, prices have really flattened, and we’ve started to feel all the extra listings out there. Some smaller counties are even starting to get negative price readings. Let’s talk about it. UPCOMING SPEAKING GIGS: 5/21/25 […] The post Its been a long time since weve seen housing stats like this first appeared on Sacramento Appraisal Blog.

Appraisal 408
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An Appraiser’s Musings on Adaptive Reuse

Appraisal Buzz

How do we value the old made new? Adaptive reuse often walks a fine line between preservation and the bulldozer. Once upon a time, a building was built for one noble purpose: the punishment of miscreants, the salvation of sinners, or the general improvement of society through the instruction and warehousing of its children. The rigorous application of steel bars and concrete walls, stained glass and wooden benches, chalkboards and rows of desk/chairs served us well for a time in penitence, worsh

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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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Housing affordability drops sharply for middle-class: NAR

Housing Wire

Housing markets across the country are grappling with a number of issues that have resulted in historically low home sales, and chief among them is the lack of affordability. Thats largely driven by a national housing shortage thats leading to fewer listings and thus driving up home prices. According to a new paper from the National Association of Realtors (NAR), the drop in affordability is present in all income brackets but its most stark among the middle class where the percentage of affordab

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Fed: Requiring buyer agreements has no effect on commissions

Inman

The Federal Reserve analysis found that rising home prices are likely why commission rates fell in the past two decades, but found no impact on rates after buyer contracts were required in 15 states.

Buyers 179
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ACES: Rate of Critical Defects in Mortgage Loans Hit Near-Record Low in Q4 2024 

Appraisal Buzz

The rate of critical defects in mortgage loans post-closing was about 1.16% as of the end of the fourth quarter, reflecting a 23.18% decrease compared with the third quarter of 2024, according to ACES Mortgage QC Industry Trends Report. Thats the second-lowest defect rate on record while full-year results reflect a 9.5% year-over-year improvement despite lingering compliance and eligibility risks.

Legal 195
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Why foreclosures are still below pre-pandemic levels

Housing Wire

According to the most recent credit data from the New York Fed , foreclosure data for the housing market is still below 2019 levels. Although foreclosure rates rose in the last quarter, we are far from the stressful levels that we saw during the run-up to the housing bubble crash in 2008. Credit data in general doesnt look great when accounting for credit card debt, auto loans, and student loan debt all have had an increase in their percentage on 90-day lates.

Law 469
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Buyer agreements don't lead to lower commissions, Fed finds

Real Estate News

Research based on three decades of data suggests rising home prices are a more likely factor, which aligns with current reports on post-settlement compensation.

Buyers 292
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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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Lone Wolf Technologies to wind down popular LionDesk CRM

Inman

Lone Wolf began notifying customers of the popular customer relationship manager software's imminent shutdown "a few weeks ago," Lone Wolf CEO Jimmy Kelly told Inman exclusively.

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Connexions Optimizes AMC Financial Management with Robust Accounting and Time-Saving Payment Solutions

Appraisal Buzz

Empowering Appraisal Management Companies with Automated Payments, Centralized Accounting, and Enhanced Financial Insights. Connexions – Appraisal Management Software – is optimizing financial management for Appraisal Management Companies (AMCs) with enhanced accounting and payment processing solutions. By automating manual workflows and improving financial visibility, AMCs can reduce administrative burdens, ensure compliance, and strengthen vendor relationships while saving valuable

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What happens to mortgage rates with more trade deals?

Housing Wire

What will happen to mortgage rates now that China and the U.S. have made progress in their trade war, agreeing to a 90-day period of lower tariffs? Stocks are up considerably this morning and bond yields have also increased. This raises the question: Is the de-escalation of the trade war good for mortgage rates ? The trade deals are just one factor, but I see three possible scenarios for mortgage rates in this environment.

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Little chance of rate cuts in the current economy

Real Estate News

Mortgage rates ticked up this week, and it could take a recession to bring them down. But that doesnt mean a home sales rebound is off the table.

Mortgage 264
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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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Finding Financial Freedom: How Amy Berry drives wealth for women

Inman

Melanie Klein profiles Amy Berry, who empowered herself and her family through the power of real estate investing.

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MBA: Mortgage Delinquency Rate at About 4 Percent, as of Q1

Appraisal Buzz

The residential mortgage delinquency rate as of the end of the first quarter stood at about 4.04% of all loans outstanding, according to the Mortgage Bankers Associations (MBA) National Delinquency Survey. Thats up 6 basis points compared with the fourth quarter and up 10 basis points from one year ago, according to the report. The percentage of loans on which foreclosure actions were started in the first quarter rose by 5 basis points to 0.20%.

Mortgage 195
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Foreclosures are up 14% in the past year, ATTOM says

Housing Wire

Foreclosure activity continued its upward trend in April, with a total of 36,033 properties receiving default notices, scheduled for auction or repossessed, according to the latest data from real estate analytics firm ATTOM. The figure represents a 0.4% increase from March and a 13.9% jump compared to April 2024. April’s foreclosure activity continued its gradual climb, with both starts and completions up annually, Rob Barber , CEO of ATTOM, said in a statement.

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Tariff rollback is good news for the lagging market

Real Estate News

In addition to lowering costs, the 90-day pause could improve consumer confidence and rejuvenate the slow spring homebuying season.

Marketing 268
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Appraisal Institute rocked by NYT exposé, lawsuits by former execs

Inman

Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive's alleged sexual harassment of multiple employees.

Appraisal 149
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Applications for New Home Purchases Increased 2 Percent in April

Appraisal Buzz

Applications for mortgages for new home purchases increased 2% in April compared with March and were up 5.3% compared April 2024, according to the Mortgage Bankers Associations (MBA) Builder Application Survey (BAS). Despite the ongoing economic uncertainty and mortgage rate volatility, April was a strong month for new home purchase activity, with applications posting an annual gain for the second straight month, says Joel Kan, vice president and deputy chief economist for the MBA, in a statemen

Inventory 195
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More home sellers and home sales in May

Housing Wire

The weekly pending home sales picked up this week as expected, with 2.6% more pending home sales contracts started than a year ago. If youre following the data closely, you know that home sales are still running at or below last years pace. Year to date, through the first week of May, we count 3% fewer total sales than in 2024. But in May and June, the yearly comparisons get easier because last year at this time was really dry due to the highest mortgage rates of the year.

Sellers 386
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StreetEasy: NYC sellers express ‘remorse’ after listing privately

Real Estate News

A survey by the Zillow subsidiary found that most sellers support broad listing access, and those who listed off the MLS were more likely to regret their sale.

Sellers 297
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10 conversation starters and scripts to win sellers this spring

Inman

Great conversations, writes coach Annette DeCicco, start by providing sellers information and choices so that they can confidently make decisions. Study up. Practice your lines. Every expert does.

Sellers 158
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NAR: Despite Increased Inventory, Housing Affordability Gap Persists

Appraisal Buzz

U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March up slightly from 20.8% in March 2024, according to the National Association of Realtors (NAR) and Realtor.com 2025 Housing Affordability & Supply report. Even though inventory is up nearly 20% from a year ago, it is still far below pre-pandemic levels. As a result, home prices are at all-time peaks, with no sign of falling anytime soon.

Inventory 195
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FHA/VA purchase mortgage demand up 40% annually

Housing Wire

Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Associations (MBA) Weekly Mortgage Applications Survey for the week ending May 9, 2025. On an unadjusted basis, the index increased 1% compared with the previous week. The seasonally adjusted purchase index was a bright spot this week, increasing 2% from one week earlier.

Mortgage 359
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C.A.R., CRMLS align on transparency, push back on private listings

Real Estate News

Powerful residential real estate groups in California see office exclusives as a risk to consumers and the integrity of the housing market.

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13 tasks real estate agents can delegate to technology (beyond AI)

Inman

From lead nurturing to mileage tracking, broker Holly Brink helps you lighten your admin load and reclaim your time by handing rote tasks off to tech.

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A New Era for Appraisals: Understanding the New URAR

Appraisal Buzz

In this episode, Jim, Hal, and special guest Jared Preisler dive into the brand-new URAR and what it means for appraisers. From market analysis to the sales comparison approach, we’re breaking down how appraisals are evolving (and why it’s not as scary as it sounds). Plus, hear all about the exciting post-event CE opportunities at Valuation Expo, in partnership with the Appraisal Institute.

Appraisal 195
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Homebuyers turn to aging properties as construction lags

Housing Wire

The median age of homes purchased nationwide reached a record high of 36 years in 2024, a significant jump from 27 years in 2012, according to an analysis released Monday by Redfin. The trend reflects a long-term slowdown in new home construction and growing affordability challenges. Buyers are increasingly turning to older properties, often out of necessity rather than preference.

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Another problem for buyers: The aging home supply

Real Estate News

In 2024, the age of a typical home hit a new high, according to Redfin. But buyers arent getting as much of a discount on older homes as they used to.

Buyers 237
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Traverse City luxury condos poised to set new price threshold

Inman

The turnkey penthouses would be ideal for second-home buyers, developer Andrew McCarthy said. They will be completed in late summer 2025 and are asking $2.95 million and $3.25 million, respectively.

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LenderLogix: Pre-Approvals Took a Healthy Jump in the First Quarter

Appraisal Buzz

In keeping with seasonal patterns, borrowers generated 37.8% more pre-approval letters through LenderLogixs QuickQual pre-approval platform in the first quarter compared with the fourth quarter. The average number of pre-approved borrowers per loan officer increased to 26.5, up from 23 in the fourth quarter, according to the firms Homebuyer Intelligence Report.