Housing Wire
DECEMBER 23, 2024
New home sales grew over last month in the latest Census report , but homebuilders are now facing a supply issue their inventory is building up. This is the reason why housing starts are at recession levels today. Monthly new home sales have been stagnant for the past two years. When mortgage rates decline, sales improve, but it becomes more challenging for builders and buyers when rates rise.
Appraisal Buzz
DECEMBER 23, 2024
For prospective homebuyers seeking locations with a promising return on investment, the ConsumerAffairs research team analyzed data across 477 U.S. metropolitan areas and all states. Using factors like market stability, long-term growth, affordability, and market fluidity, this guide highlights housing markets expected to perform well in 2024. The Best States for Homebuyers in 2024 ConsumerAffairs analysis ranks states with strong market resilience, potential for value appreciation, and affordab
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Appraisal Buzz
DECEMBER 19, 2024
The National Association of Realtors reports that existing-home sales increased in November. Three major U.S. regions saw growth in sales, but the West saw no change. All four regions saw an increase in sales year over year. The seasonally adjusted annual rate of existing-home sales, which includes completed transactions of single-family homes, townhomes, condominiums, and cooperatives, increased 4.8% from October to 4.15 million in November.
Real Estate News
DECEMBER 24, 2024
In an email to leaders, the association said PARs refusal to stop offering its MLS Choice option leaves NAR no choice but to defend its trademark and model.
Inman
DECEMBER 19, 2024
Find out how this young, first-generation Filipino-American entrepreneur worked her way up from receptionist to broker-owner.
Portland Appraisal Blog
DECEMBER 24, 2024
Via Wikimedia Commons The Pearl District is one of Portland’s urban core neighborhoods. Bordering the Willamette River, the neighborhood used to be dominated by warehouses and railroad yards but is now home to a variety of businesses, art galleries, and housing. The City of Portland offers the following description : The Pearl is a young neighborhood, its most recent incarnation established in the early 1990s.
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Real Estate News
DECEMBER 19, 2024
The option lets brokers access the MLS outside the traditional three-tier membership system. NAR says it is maintaining standards for the Realtor brand.
Inman
DECEMBER 19, 2024
Existing-home sales rose 6.1 percent annually in November while three out of four U.S. regions saw increases from 2023, according to new data released Thursday by the National Association of Realtors.
Eyes on Housing
DECEMBER 26, 2024
With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Natalia Siniavskaia shared wages by occupation in construction including the median salaries and top 25% salaries. Half of payroll workers in construction earn more than $58,500 and the top 25%.
Housing Wire
DECEMBER 19, 2024
The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008. But the number of foreclosure starts spiked by 27% to 22,025 during the quarter.
Appraisal Buzz
DECEMBER 20, 2024
The post Coal for Christmas appeared first on Appraisal Buzz.
Real Estate News
DECEMBER 23, 2024
The National Association of Realtors says MLS Choice allows non-Realtors to join the Phoenix association. PAR says NAR threats will chill innovation.
Inman
DECEMBER 19, 2024
NAR sent the cease-and-desist letter to Phoenix Realtors over its MLS Choice option, which gives brokers access to state-compliant forms and legal aid but may also violate its three-way agreement.
Empire Appraisal Group
DECEMBER 19, 2024
Despite Inventory Rise, Home Buyers Remain Cautious Source: [link] More listings are coming to the real estate market, but home sales continue to be sluggish. Read more from NARs latest housing report. Home buyers may finally be finding more inventory options this fall, but theyre still being cautious about entering the real estate market, the National Association of REALTORS reported Wednesday.
Housing Wire
DECEMBER 19, 2024
Ellington Financial , the parent company of major reverse mortgage lender and servicer Longbridge Financial , announced this week that it has issued a $243 million proprietary reverse mortgage securitization backed entirely by Longbridges Platinum product line. The loans will also continue to be serviced by Longbridge, according to the announcement of the securitization.
Appraisal Buzz
DECEMBER 19, 2024
The Five Star Institutes Legal League has announced the launch of its latest White Paper, Non-Uniform Foreclosures. Legal League is a professional association of financial services law firms spread out across the U.S. The Legal League is uniquely positioned to drive progress in the mortgage servicing industry. Legal League members provide a clear view of the legal landscape and the expertise to navigate it, committed to supporting its membership through education, communication, relationship dev
Real Estate News
DECEMBER 19, 2024
As other brokerages stumbled in 2024, Real saw enviable growth in agent count, transactions and share price with President Sharran Srivatsaa setting the tone.
Inman
DECEMBER 24, 2024
Founder Brad Inman looks back at the scandals and struggles of 2024 and ahead to greater transparency and accountability in 2025.
Eyes on Housing
DECEMBER 26, 2024
With the end of 2024 approaching, NAHBs Eye on Housing is reviewing the posts that attracted the most readers over the last year. In February, Na Zhao shared the latest data on ages of homeowners as well as when their homes were built. The median age of owner-occupied homes is 40 years old, according to.
Housing Wire
DECEMBER 23, 2024
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit Monday accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies, Rocket Mortgage and Amrock. The Jason Mitchell Group is also implicated in the alleged violations of the Real Estate Settlement Procedures Act (RESPA). According to the CFPB, between 2019 and 2024, real-estate brokerage firm Rocket Homes purportedly incentivized real estate brokers and agents with referrals and priority for fu
Appraisal Buzz
DECEMBER 20, 2024
Drawing on insights from 115 community land trusts (CLTs), Preserving Affordable Homeownership: Municipal Partnerships with Community Land Trusts , a new 2024 Policy Focus Report released by The Lincoln Institute of Land Policy , explores how CLTs are partnering with public officials to help address the housing affordability crisis. In this model, individuals buy homes on land leased from a local CLT and agree to limit the resale price.
Real Estate News
DECEMBER 21, 2024
Agents and teams are making late-year moves, and firms are expanding through M&As. Plus, Anywhere brand franchises announce 5 new offices or affiliations.
Inman
DECEMBER 24, 2024
With the right mindset, clear goals and a commitment to excellence, CEO Craig Tann writes, you can turn any challenge into a success story.
Eyes on Housing
DECEMBER 24, 2024
In November 2024, the U.S. housing market experienced a significant boost, with sales of new single-family homes reaching a seasonally adjusted annual rate of 664,000, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This marks a 5.9% increase from October’s revised figures and an.
Housing Wire
DECEMBER 19, 2024
After initially entering the mortgage business in 2003 following a career change from accounting, Rick Rodriguez was reading a book about mortgages that included a chapter on the reverse mortgage product. He remembered thinking the chapter was intriguing and flagged it in his mind so he could look into the product further. After asking his colleagues if it was a product they offered, he was told that they doubted hed ever be in a position to sell reverse mortgages.
Appraisal Buzz
DECEMBER 23, 2024
As a remote pilot serving the real estate industry, every operation brings unique challenges. No two flights are the same, which is why I rely on my experience, checklists, and safety protocols to navigate each mission successfully. It’s essential to remember that even a small drone is an aircraft, and as such, it operates within the national airspace, where safety must always be the priority.
Real Estate News
DECEMBER 23, 2024
These evaluations have the potential to make or break a transaction, and many buyers will have questions about whats involved and whats at stake.
Inman
DECEMBER 24, 2024
Zillow stayed the course as it continued to develop its super app while real estate brokerages raced to adapt artificial intelligence and property managers benefitted from new rental software.
Eyes on Housing
DECEMBER 20, 2024
Real gross domestic product (GDP) increased in 45 states and the District of Columbia in the third quarter of 2024 compared to the second quarter of 2024 according to the U.S. Bureau of Economic Analysis (BEA). Iowa reported no change during this time. The percent change in real GDP ranged from a 6.9 percent increase.
Housing Wire
DECEMBER 19, 2024
The COVID-19 pandemic turned previously sleepy cities into boomtowns.Expanded or permanent work-from-home policies gave people more flexibility in where to live, and those in uber-expensive markets like San Francisco and Manhattan took advantage by moving to areas where they could get more space for less money. This created incredibly competitive housing markets in smaller cities that pushed sales and prices sky high.
Appraisal Buzz
DECEMBER 23, 2024
Freddie Mac s most recent survey of baby boomer housing opinions, preferences, and plans indicates that roughlythree quarters of homeowners born before 1964 are likely to pass a large portion of their $17 trillion in home equity to their offspring. The majority of boomers who own a home are certain they will enjoy a pleasant retirement, according to Freddie Macs recent, extensive study of respondents aged 60 and over.
Real Estate News
DECEMBER 20, 2024
Watch the conversation with Erik Carlson on taking the helm during a time of chaos, why culture is key, and how RE/MAX is like the Dallas Cowboys?
Inman
DECEMBER 20, 2024
Forget gadgets and swag. According to team leader Carl Medford, what Realtors really want right now are well-behaved children at open houses, punctual contractors and, well, an end to 2024.
Lamacchia Realty
DECEMBER 23, 2024
Erika Capobianco Qualifies for the 2024 Lamacchia Realty President's Club Lamacchia Realty is proud to announce that Erika Capobianco has officially qualified for the prestigious 2024 Lamacchia Realty Presidents Club for the FIRST time! Erika earned this incredible milestone by selling over 33 homes so far this year. Erika Capobianco is a highly accomplished Cape Cod REALTOR with decades of experience in the sale and rental of residential properties.
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