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U.S. Commercial Foreclosures Spike YoY  

Appraisal Buzz

The historical data on commercial foreclosure activity from January 2014 to September 2024 shows notable oscillations that were mostly influenced by the state of the economy and noteworthy occurrences such as the COVID-19 epidemic.

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Amy Stockberger explores her brokerage’s quest for ’lifetime home support’

Housing Wire

Stockberger: In 2014, I noticed a major hole in our business. Since then, we’ve been the highest-producing team in our state, and we’ve been lucky enough to keep on growing and serving in the Sioux Falls, South Dakota , area. For the amount of clients we were serving, we weren’t getting that repeat and referral business.

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‘Gray tsunami’ comes to South Carolina, testing local resources

Housing Wire

Glenn McConnell, who served as the state’s lieutenant governor between 2012 and 2014, warned the state Legislature during his final months in office that South Carolina needed better preparation for an influx of retirees.

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CFPB Puts Cash-Out Refi Trends Under the Microscope

Appraisal Buzz

The following are the main conclusions of the CFPBs report: Borrowers gave pay off other bills or debts as the most common reason for cash-out refinancing: More than half of cash-out borrowers who participated in the National Survey of Mortgage Originations between 2014 and 2019 chose paying off other bills or debts. Refis, Debts & Loans.

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Manufactured Homes Appreciating at Rates Comparable to Site-Built Homes

Appraisal Buzz

Year-over-year price index data further highlighted that since 2014, manufactured homes have consistently appreciated at higher rates than site-built homes in all but two quarters. Data Indicates Regional Trends and Limitations The report acknowledges the role of geographic distribution in manufactured housing trends.

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All-cash home purchases have become less popular, Redfin says

Housing Wire

Real estate marketplace Redfin released a report on Tuesday that included county-level sale records for homes purchased between January 2014 and December 2024. That was the highest volume dating back to 2014. In total, 700,445 homes in 2024 were purchased with cash, which is down from 760,914 in 2023. According to Redfin, 32.6%

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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

LL Funds also served as one of Poplar’s investors since the company’s debut in 2014, according to Evernest. The $15 million investment announced Wednesday from private equity firm LL Funds will help Evernest build a home services platform focused on rental property owners.