Housing Wire
NOVEMBER 19, 2024
We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher.
Appraisal Buzz
NOVEMBER 19, 2024
The American Dream has long been synonymous with homeownership. However, for many low- and moderate-income families, realizing this dream is becoming increasingly out of reach. This is due to several factors, including rising housing costs, stagnant wages, and a decline in the availability of small-dollar mortgages, defined as those for homes priced at $150,000 or below.
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Sacramento Appraisal Blog
NOVEMBER 19, 2024
The internet has been buzzing this week about Governor Newsom’s new $9.1M home purchase, so let’s talk about it. But I want to be clear that this is about real estate – not politics. Also, I think modest price growth is a really good way to describe the market. UPCOMING SPEAKING GIGS: 11/20/24 Delia Real […] The post Modest price growth & the Governor’s outlier properties first appeared on Sacramento Appraisal Blog.
Real Estate News
NOVEMBER 18, 2024
Leaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.
Inman
NOVEMBER 19, 2024
As real estate continues to evolve in a post-Sitzer | Burnett era, contract documents are likely to be refined and modified to reflect current trends, broker Cara Ameer writes.
Housing Wire
NOVEMBER 15, 2024
Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.
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Sacramento Appraisal Blog
NOVEMBER 14, 2024
What happens to the housing market after a presidential election year? Does the market really heat up like people say? What can we expect? Let’s take a look at some stats and kick around ideas. I’d love to hear your take in the comments. UPCOMING SPEAKING GIGS: 11/19/24 Downtown Regional MLS Meeting Q&A 9am 11/20/24 […] The post The housing market after a presidential election first appeared on Sacramento Appraisal Blog.
Real Estate News
NOVEMBER 19, 2024
The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.
Inman
NOVEMBER 19, 2024
This is a moment of transformation in our industry, and you have a choice: adapt or fall behind, coach Darryl Davis writes. Don’t wait for the market to dictate your future. Take control.
Housing Wire
NOVEMBER 14, 2024
The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The CBO found that the GSEs “met or exceeded” nearly all goals over a four-year period from 2018 to 2022. The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report.
Appraisal Buzz
NOVEMBER 19, 2024
The Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.4 million borrowers since March 2020. The share of Fannie Mae and Freddie Mac loans in forbearance increased seven basis points to 0.20% in October 2024.
GoForrmz
NOVEMBER 19, 2024
Originally published on 01/09/2018 Level up your mobile construction forms with these powerful features Mobile forms are making their way onto more and more construction sites as more organizations than ever recognize the speed, accuracy, and flexibility of switching away from paper forms. But not all mobile forms providers are created equal. With GoFormz unique, customizable, and feature-filled platform, you can ensure you have the mobile form features to streamline all your construction projec
Real Estate News
NOVEMBER 15, 2024
Broker and real estate influencer Anthony Lamacchia told agents at NAR NXT that it’s “ridiculous” what the DOJ has been “doing to our industry” in recent years.
Inman
NOVEMBER 18, 2024
Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.
Housing Wire
NOVEMBER 15, 2024
The housing bubble crash theory has failed once again as we approach the end of 2024, but it’s always important to know why something didn’t happen. This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years before the Great Financial Crisis. This is the kind of information you need as we get close to Thanksgiving and share the dinner table with Uncle Dave who says (for the 13th year) that we’re seein
Appraisal Buzz
NOVEMBER 18, 2024
This piece originally appeared in the November 2024 edition of MortgagePoint magazine, online now. The integration of artificial intelligence (AI) technology into the lending space has opened doors for countless possibilities. Loan options can be personalized, outcomes can be predicted, and all processes can be expedited at incredible rates. As AI continues to expand, it becomes increasingly important to focus on the quality of the customer experience.
Eyes on Housing
NOVEMBER 18, 2024
Lending standards were essentially unchanged for all residential mortgage categories in the third quarter of 2024, except for Subprime loans, according to the Federal Reserve Board’s October 2024 Senior Loan Officer Opinion Survey (SLOOS). Demand for most residential mortgage loans remained weaker across all categories in the quarter. Lending conditions for commercial real estate (CRE) loans were.
Real Estate News
NOVEMBER 19, 2024
The National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.
Inman
NOVEMBER 19, 2024
It's gratitude season, Darryl Davis writes, so let's show how much our colleagues, clients, vendors and friends mean with these affordable and original gift ideas.
Housing Wire
NOVEMBER 19, 2024
The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned. In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA).
Appraisal Buzz
NOVEMBER 14, 2024
The Consumer Financial Protection Bureau (CFPB) has finalized the Personal Financial Data Rights Rule (PFDRR) that will give consumers greater rights, privacy, and security over their personal financial data. The rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request—for free—allowing consumers to more easily switch to providers with superior rates and
Eyes on Housing
NOVEMBER 13, 2024
Inflation picked up again in October, showing the last mile to the 2% target will be the hardest. Shelter costs remained the main driver of inflation, accounting for over 65% of the 12-month increase in the all items less food and energy index. However, the year-over-year change in the shelter index has been below 5%.
Real Estate News
NOVEMBER 16, 2024
As a smaller brokerage or team, you may not have the backing of major brand or franchise, but you have some unique advantages. See how to make the most of them.
Inman
NOVEMBER 18, 2024
With more homes likely hitting the market this fall, the epic housing shortage may finally be lifting. Here’s how to connect with consumers who may be dipping their toes into home buying after being sidelined in the too-hot housing market.
Housing Wire
NOVEMBER 13, 2024
Rocket Companies , the parent of Rocket Mortgage , paid a reported $14 million to acquire the domain name Rocket.com. The purchase, which was initially reported by DomainInvesting.com, was said to be from defense contractor L3Harris Technologies Inc. Rumors of the deal began in early September. The transaction was referenced in a recent filing by L3Harris with the Securities and Exchange Commission ( SEC ).
Appraisal Buzz
NOVEMBER 13, 2024
According to new research from Clever Real Estate , a St. Louis-based real estate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. The costs are broken down into the following: Repairs and renovations: $13,498 Furniture, fixtures, and appliances: $6,446 Closing costs: $4,754 Concessions to seller: $3,943 Moving costs: $2,670 Private mortgage insurance: $387 annually Home inspection: $277 The rep
Eyes on Housing
NOVEMBER 19, 2024
Clouded by hurricanes in the southeast part of the country and strike activity in the manufacturing sector, October nonfarm payroll figures were mediocre. Nonfarm payroll employment increased in 21 states in October compared to the previous month, while it decreased in 29 states and the District of Columbia.
Real Estate News
NOVEMBER 14, 2024
If home price growth continues at the current pace, “America will be completely divided,” said Chief Economist Lawrence Yun. The solution? “More supply.
Inman
NOVEMBER 18, 2024
It’s time for real estate professionals to get serious about their 2025 business outlook, assessing which measures to build upon and which ones to leave behind.
Housing Wire
NOVEMBER 19, 2024
In today’s fast-paced digital environment, it’s easy to get caught up in day-to-day tasks, but cybersecurity requires a proactive approach. This installment of our “Reducing Risk” series delves into how configuring your printers and computers with only the necessary capabilities can reduce cyber threats and protect your sensitive data. By taking a strategic approach to device configuration, you can build a more resilient defense against potential cyber-attacks.
Appraisal Buzz
NOVEMBER 13, 2024
The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology.
Eyes on Housing
NOVEMBER 19, 2024
Year-over-year gains for townhouse construction continued during the third quarter of 2024 as demand for medium-density housing continues to be solid despite slowing for other sectors of the building industry. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2024, single-family attached starts.
Real Estate News
NOVEMBER 14, 2024
An analysis of more than 17,000 transactions initiated within 60 days of Aug. 17 showed only minor shifts in percentages, though transactions were down overall.
Inman
NOVEMBER 18, 2024
Volunteer National Association of Realtors' leaders received perks and payment that lawyers say could run afoul of US tax laws, according to an investigation by the Times published on Monday.
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