Housing Wire

OCTOBER 21, 2024

The document states that the plaintiffs undervalued a homeowner’s property based on her race in an appraisal made in 2021 in Denver. The homeowner applied for a mortgage refinance at Rocket in January 2021.

Appraisal 511

Appraisal Reconsideration of Value Valuation Law 511

Housing Wire

JANUARY 29, 2025

And its a higher number than at any point since the financial crisis, other than 2020 and 2021 during the post-pandemic boom. And December new-home sales finished at a seasonally adjusted annual rate of 698,000, their highest pace since 2021. of all transactions. million, the highest since February 2024. million.

Sellers 461

Sellers Housing Market Realtors Inventory 461

Housing Wire

OCTOBER 28, 2024

He was named CEO in 2021 after being selected by Lorber and Dottie Herman, Elliman’s previous CEO. Its value has dropped from roughly $900 million to $130 million since 2021, according to the Times. Michael Liebowitz, the firm’s board director, was named the new chairman and CEO.

Brokerage 430

Brokerage Realty Contracts Investors 430

Appraisal Buzz

FEBRUARY 24, 2025

When mortgage rates hit record lows in 2021, refinancing volume soared, exceeding $2.2 As of September 2024, nearly 80% of outstanding mortgages still carry interest rates below 5%, thanks to the historically low rates seen in 2020 and 2021. Refinance activity is historically tied to interest rate movements.

Contracts 374

Contracts Mortgage Appraisal 374

Housing Wire

NOVEMBER 13, 2024

The past two years have been tough, but even before 2021, Black homeownership was either falling or stagnant and remains far from its pre-2004 high of nearly 50%.” Until 2021, there had been a steady rise in the number of applications from Black women since the Great Recession,” the report reads. “In

Real Estate 418

Real Estate Mortgage Finance Housing Market 418

Appraisal Buzz

DECEMBER 23, 2024

This most recent study comes after two earlier studies conducted by Freddie Mac in 2016 and 2021, which aimed to monitor boomers opinions and attitudes in a number of important areas. Compared to 2021 (81%), this is lower than in 2016 (76%). Key findings include: Retirement perceptions.

Finance 433

Finance Mortgage Technology Investing 433

Appraisal Buzz

OCTOBER 24, 2024

The number of business foreclosures stayed at historically low levels throughout 2020 and the first part of 2021. However, by the middle of 2021, business foreclosures had started to increase once more as economic pressures returned and pandemic-related measures were relaxed.

Real Estate 397

Real Estate Business Government Appraisal 397

Appraisal Buzz

OCTOBER 14, 2024

in December 2021. The slow climb back continued steadily until interrupted in 2021, but the course has now been corrected. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4%

Home Value 394

Home Value Construction Buyers Mortgage 394

Appraisal Buzz

JANUARY 6, 2025

As part of its ongoing efforts and a larger, whole-of-government strategy to assist families in recovering from the economic and public health effects of the COVID-19 pandemic, HUD established the Eviction Protection Grant Program (EPGP) in 2021.

Tenants 468

Tenants Legal Landlords Development 468

Housing Wire

JANUARY 24, 2025

However, a 2021 Supreme Court decision, TransUnion LLC v. The 2021 decision determined that only plaintiffs who can show concrete harm have standing to sue private defendants in federal court.

Mortgage 369

Mortgage Legal Appraisal Valuation 369

Housing Wire

MARCH 19, 2025

While major single-family rental (SFR) funds continued to make acquisitions, their volume was significantly lower than during the post-pandemic surge of 2021. A shift toward short-term holders The largest institutional buyers of 2024 were predominantly firms that only held properties temporarily.

Investors 331

Investors Real Estate Buyers Marketing 331

Housing Wire

NOVEMBER 4, 2024

Builders permits for single-family homes declined by 2% year over year in September and are down 23% from their post-pandemic peak in 2021, when permits reached a 15-year high.

Marketing 370

Marketing Inventory Construction Realtors 370

Housing Wire

DECEMBER 3, 2024

And in 2021, it launched PowerLeads AI, a tool for leasing teams to anticipate renter behaviors on Zumper’s platform and cultivate higher-quality leads. Zoe isn’t the first time that Zumper has used AI. Last year, the company announced a plug-in that gives ChatGPT users the ability to search listings within OpenAI ’s tool.

Property Management 415

Property Management Tools Real Estate Technology 415

Housing Wire

DECEMBER 20, 2024

Investor purchases at the national level peaked in June 2021 at 148,670. This is a notable change from the years immediately after the COVID-19 pandemic, when investor purchases of single-family homes exploded along with owner-occupied purchases. compared to September 2023.

Investors 448

Investors Housing Market Marketing Real Estate 448

Housing Wire

FEBRUARY 5, 2025

The companys baseline forecast is for 69,000 foreclosure-auction sales this year, down 8% from 2024 and the lowest figure for any year aside from 2021, when pandemic-induced foreclosure moratoriums were in place. Volume from October through December was down 11% year over year for the lowest level of auction sales since Q3 2021.

Retail 415

Retail Renovations Buyers Finance 415

Appraisal Buzz

NOVEMBER 1, 2024

Single-family home building permits fell 23% from their 15-year peak in early 2021 and 2% year-over-year in September. This is due to the fact that the share increased significantly throughout the pandemic, rising from about 17% in 2019 to about 30% by the end of 2021. Overall U.S.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Appraisal Buzz

JANUARY 27, 2025

Over 40% of respondents chose that explanation for 2020 and 2021. In order to determine why cash-out refinancing borrowers took out equity and whether these motivations had evolved between 2014 and 2021, the CFPB first examined their replies in the NSMO. Note: The study examined debtors from 2014 to 2021.

Construction 365

Construction Mortgage Finance Appraisal 365

Appraisal Buzz

NOVEMBER 26, 2024

For instance, investor purchases surged as much as 144% year-over-year in 2021, then dropped as much as 47% last year. By comparison, investors were buying nearly 100,000 homes per quarter during the 2021 homebuying frenzy. Investors bought 49,380 homes in Q3, compared with 50,535 last year. Now there’s a middle ground.

Investors 397

Investors HOA Insurance Real Estate 397

Housing Wire

OCTOBER 30, 2024

The fintech was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023. The company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month. The request was pending, but the license was suspended in July.

Landlords 448

Landlords Loan Officers Lending Contracts 448

Housing Wire

JANUARY 9, 2025

RLTYco was founded in 2021 by Related Companies veteran Briggs Elwell and Daniel Kennedy, managing partner of Kennedy Luce LLC, a law firm in Connecticut. Were continually impressed by the companys strategic vision, educational approach to holistic business health for independent contractors and are eager for this next chapter.

Logistics 396

Logistics Real Estate Agent Real Estate Investors 396

Housing Wire

FEBRUARY 3, 2025

2021 in federal court in Houston, the suit accused Feldman & Feldman of defaming EasyKnock in a post the law firm made on its website cautioning consumers to scrutinize the companys transactions with financially distressed homeowners. Originally filed by EasyKnock in Nov.

Law 388

Law Lending Modernization Investors 388

Housing Wire

APRIL 1, 2025

The plaintiff, who joined Lalez’s team in May 2021, is reportedly seeking at least $50,000 in damages, back pay with interest and potential reinstatement to his former position. Cimino also alleges that Lalez admitted the firing was retaliation in a written note, though the document has not yet been entered as evidence.

Clients 335

Clients Law Real Estate Mortgage 335

Housing Wire

FEBRUARY 27, 2025

Those dues are up because of regulation related to structural concerns that followed the Surfside condo collapse in 2021. The condo market has also contributed, as many owners are looking to sell because of rising HOA dues. Eight of Floridas metropolitan markets have record-high active listings.

Inventory 369

Inventory Marketing HOA Buyers 369

Housing Wire

APRIL 9, 2025

But a subsequent review on the matter performed in December 2021 found that HUD implemented the agreed-to corrective action for one recommendation, did not implement the ongoing corrective action for one recommendation, and did not implement corrective actions for two recommendations.

Mortgage 360

Mortgage Insurance Retail Legal 360

Housing Wire

OCTOBER 31, 2024

The company was acquired by Clear Capital in 2021 and houses 30-plus MLS organizations in its network. As the new year approaches, CubiCasa’s efforts to expand access to interactive property tours may continue to grow. CubiCasa’s mobile application lets agents produce 3D floor plans by scanning the property.

Tools 476

Tools Agents Property Management Real Estate 476

Housing Wire

FEBRUARY 18, 2025

” In 2021, more than 1 million cash purchases hit the housing market. Real estate investors stormed the housing market in 2021 once pandemic-driven concerns dissipated. Real estate investors stormed the housing market in 2021 once pandemic-driven concerns dissipated. That was the highest volume dating back to 2014.

Real Estate 332

Real Estate Investors Housing Market Buyers 332

Appraisal Buzz

APRIL 10, 2025

Additionally, in 2021, they had to make $63,925 in order to afford the average home for sale, which was only 17.3% The income required to finance a home was only roughly 17% greater than the income required to afford an apartment in 2020 and 2021 because rents were soaring and mortgage rates were at all-time lows. The average U.S.

Construction 329

Construction Landlords Mortgage Finance 329

Housing Wire

DECEMBER 5, 2024

Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. Both lawsuits stem from a case in January 2021, when the homeowner applied for a refinance through Rocket. Rocket Mortgage , the third-largest U.S.

Appraisal 397

Appraisal Lending Clients Valuation 397

Housing Wire

NOVEMBER 22, 2024

The easing of the pandemic in 2021 brought a surge in demand for rental properties in Austin, with vacancy rates plummeting from 7.8% As demand soared, so did rental prices, which jumped from $1,289 at the start of 2021 to a peak of $1,725 by August 2022, according to data from Apartment List. “If in January to 3.9% by September.

Marketing 370

Marketing Housing Market Property Taxes Construction 370

Housing Wire

NOVEMBER 22, 2024

Investors are finding a balance after several years of whiplash: They bought up homes at a frenzied pace in 2021 and the beginning of 2022, then quickly backed off when the housing market slowed as mortgage rates rose,” Redfin senior economist Sheharyar Bokhari said in a statement. Investors purchased $38.8 Now there’s a middle ground.

Investors 487

Investors Real Estate HOA Housing Market 487

Housing Wire

MARCH 31, 2025

million new residents between 2021 and 2023, but the demographic shift tells a troubling story. . “When you add in the unflagging migration that is straining public services and inflated costs across the board, many households are finding it increasingly difficult to stay in the state.”

Insurance 447

Insurance Property Taxes Construction Transportation 447

Housing Wire

OCTOBER 18, 2024

Following the Surfside condo collapse in 2021 that killed 98 people, Florida lawmakers passed the Condo Safety Act , requiring condo associations to modernize buildings that had pushed off critical work for years. Inventory has also been surging — it was up to nearly 10,000 units last week, a sharp rise from about 6,300 a year ago.

Marketing 524

Marketing Mortgage Finance Lending 524

Appraisal Buzz

JANUARY 9, 2025

Consequently, buildings with five or more units experienced the highest vacancy rate since early 2021, rising to 8%. Consequently, buildings with five or more units experienced the highest vacancy rate since early 2021, rising to 8%. In the third quarter, when data is available, apartment completions increased 58.1% YoY to $1.78.

Construction 397

Construction Appraisal Marketing 397

Housing Wire

OCTOBER 23, 2024

Additionally, the report found that first-time buyers were responsible for 26% of all home sales in September, matching the record-low set in August 2024 and in November 2021. By contrast, all-cash sales accounted for 30% of sales in September, up from 26% a month ago.

Inventory 461

Inventory Realtors Buyers Real Estate 461

Housing Wire

OCTOBER 18, 2024

Calque launched in 2021 to provide lenders with solutions that simplify the home purchasing process for prospective homeowners. “Ruoff Mortgage has been a trusted name in the industry for decades, and their dedication to client success aligns perfectly with our vision at Calque,” Calque CEO Michael Bremer said in a statement.

Mortgage 448

Mortgage Buyers Contracts Finance 448

Appraisal Buzz

JANUARY 27, 2025

The average winning bid-to-value ratios at the end of the year were still below early 2024 levels and well below peak pandemic levels in 2021, even with the price demand resurgence in November and December.

Sellers 415

Sellers Buyers Marketing Real Estate 415

Housing Wire

DECEMBER 19, 2024

Total refinance volume increased in the third quarter of 2024 as mortgage rates decreased but remained above the levels observed through 2021, the report added. In addition to a 27% increase in foreclosure starts, third-party and foreclosure sales also increased by 3.2%

Government 395

Government Finance Mortgage Business 395