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Mortgage industry provides commentary on CFPB’s proposed changes to QM loan definition

Housing Wire

Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021.

Mortgage 465
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Is Alabama’s buyer representation bill a legal protection or liability?

Housing Wire

The Department of Justice ( DOJ ) raised some eyebrows when it hinted that buyer representation agreements, if used as mandated in the National Association of Realtors (NAR) commission lawsuit settlement, may be a source of future antitrust litigation based on its statement of interest in the Sitzer/Burnett suit. And that is positive.

Legal 395
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Home prices rise in nearly 90% of metros in Q4 2024

Housing Wire

metropolitan areas analyzed experienced annualized home-price gains in the fourth quarter of 2024, according to data published Thursday by the National Association of Realtors (NAR). Nearly 90% of U.S. The two non-California markets in the top 10 were Honolulu ($1.1 million) and Boulder, Colorado ($840,700).

Realtors 415
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Who Is the Typical U.S. Homebuyer?

Appraisal Buzz

The majority of sellers (87%) stated that they would refer their agent for future services either definitely (72%) or possibly (15%). Realtors provide critical knowledge and expertise that ensure a successful transaction.” To read the full report, including more data, charts, and methodology, click here.

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A homebuyer’s personal story from the post-Sitzer, post-settlement world

Housing Wire

As a real estate reporter, it was not lost on me that the formal start of my house hunt would coincide almost perfectly with the real estate industry working through the nationwide implementation of the business practice changes outlined in the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement.

Agents 435
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Q4 Home Price Growth Jumps in Nearly All U.S. Metros

Appraisal Buzz

According to the most recent quarterly report from the National Association of Realtors (NAR), home prices increased in nearly 90% of metro markets (201 out of 226, or 89%) in Q4 of 2024, while the 30-year fixed mortgage rate varied between 6.12% and 6.85%. With a 2.1% regions in Q4. Additionally, prices rose 4.0% in the West, 8.0%

Buyers 376
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eXp rides Clear Cooperation to international growth

Housing Wire

While Robert Reffkin and Compass are touting their success while pushing for the repeal of the National Association of Realtors ‘ (NAR) Clear Cooperation Policy, eXp Realty executives are claiming that the North American MLS system is helping to fuel their companys strong international growth. million to $113.6 million during the year.

Realty 352