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The health of this housing market: Comparing 2024 data to 2011

Housing Wire

Let’s look specifically at the current market data compared to 2011. Why choose 2011? The housing bubble crash years of 2008-2011 saw a surge in foreclosures due to the lack of selling equity and this also profoundly impacted housing demand. Last week in 2011, 396,955 homes hit the market without a contract.

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Mr. Cooper agreed to a $5.8 million settlement. Who is eligible for relief?

Housing Wire

Service transfer borrowers moved their loans to Mr. Cooper for servicing between February 2011 and December 2017. Property preservation borrowers were subject to Mr. Cooper’s property inspections between June 2011 and December 2017.

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Why didn’t we see a national home-price correction in 2024?

Housing Wire

Since 1942, the only time home prices significantly dropped was from 2007 to 2011, during a market characterized by much higher inventory, distressed sellers and a monthly supply exceeding 10 months. What happened to the premise that home prices follow sales volume and that higher mortgage rates would lead to a price crash?

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Howard Hanna acquires two independent brokerages

Housing Wire

Alliance Group Realty was founded in 2011 by Bob Clarkson and currently has over 70 agents. This acquisition expands the brand’s footprint in South Carolina and marks the entry of Howard Hanna | Allen Tate into the state’s Low Country region. Clarkson will remain with the firm, serving as an area manager and broker in charge.

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SERHANT. secures $45M to further develop its AI platform

Housing Wire

Camber Creek was founded in 2011 with a focus on real estate and it has almost $1 billion in assets. The company has capitalized by adding agents and teams at breakneck speeds. Among the additions this year are brokerages in Atlanta, South Carolina and New Jersey.

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MBA Opens Doors announces disaster relief program for LA fires

Housing Wire

To date since its inception in 2011, the program has provided more than $25 million in mortgage and rental payment assistance to more than 17,000 families. Grants of up to $2,000 are made monthly to families in need of mortgage or rental payment assistance at one of the 13 network hospitals across the country.

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Jumbo Mortgage Origination Volume Drops to 10-Year Low 

Appraisal Buzz

On the other hand, jumbo refinance loans kept falling, reaching their lowest percentage of all mortgages since 2011 in October 2020 (14%). But after that decline, jumbo purchase loans started to rise again.

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