Appraisal Buzz
DECEMBER 13, 2024
Last year, more than 24 million Americans movedthe lowest number in 25 years. While this decline reflects a broader trend of reduced mobility, the reasons behind those moves reveal important patterns about housing, jobs, and lifestyle priorities in a changing world. Key Findings A new or better home remains the top reason for relocation, driving 15% of all moves last year.
Housing Wire
DECEMBER 13, 2024
The recent CoreLogic Homeowner Equity Insights report for Q3 shows a continued positive trend of a lack of underwater mortgages in America today. Underwater mortgages where borrowers owe more on their home than what it is worth pose a risk of foreclosure and hinder people from selling their homes, something that was rampant after 2008. In 2010, more than 23% of homes in America were underwater.
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Appraisal Buzz
DECEMBER 13, 2024
The National Association of Realtors (NAR) has announced 10 top hot spots for the 2025 housing market based on economic, demographic and housing factors predicted to significantly impact local markets. In Housing Hot Spots for 2025: Top Markets Amid Stabilizing Rates , NAR Chief Economist and SVP of Research Lawrence Yun reveals 10 top housing hot spots, provides a 2025 real estate and economic outlook and reviews the 2024 housing market.
Housing Wire
DECEMBER 13, 2024
Mortgage application and origination activity dropped by roughly one-third from 2022 to 2023 as high interest rates depressed broader industry activity. That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday. The decline was sharper for refinances when compared with purchase loans, according to the report.
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
Appraisal Buzz
DECEMBER 13, 2024
According to a recent Redfin survey, less than half (46.7%) of American renters and over two-thirds (63.6%) of homeowners feel a sense of belonging in their community. Compared to 58.5% of homeowners, only 38.9% of renters believe they share characteristics with their neighbors. Additionally, renters are more likely than homeowners to try to avoid engaging with their neighbors; 41.6% of renters do so compared to 33.1% of homeowners.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
DECEMBER 13, 2024
After her New York Times story sparked controversy, Debra Kamin told Real Estate News that agents and the public deserve to know how NAR spends its money.
Housing Wire
DECEMBER 13, 2024
Given the Department of Justice s ongoing legal battle with the National Association of Realtors (NAR), Sue Yannaccone the president and CEO of Anywhere Brands and Anywhere Advisors knows that the legal landscape for real estate in 2025 will continue to be a challenge. But that isnt what she wants her firm to focus on in the year ahead. I definitely believe that the legal environment is still there and theres a lot going on, but it is really critical that we focus on … helping our agents
Real Estate News
DECEMBER 13, 2024
Panelists at NARs economic summit expect a better year overall, but pointed to various wildcards that could tug the market in different directions.
Housing Wire
DECEMBER 13, 2024
While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination. This challenging environment, marked by high operating costs and low origination volumes, has pushed lenders to operate leaner than ever, as evidenced by reports from the Mortgage Bankers Association that i
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Appraisal Buzz
DECEMBER 13, 2024
The annual report on changes in the residential mortgage lending sector was produced by the Consumer Financial Protection Bureau (CFPB). With loan applications and originations falling by roughly a third from 2022, 2023 experienced a sharp downturn in mortgage lending activity. With single-family refinance originations down over two-thirds from 2022, the fall was more pronounced in refinancing activity than in house purchases.
Housing Wire
DECEMBER 13, 2024
The Batton homebuyer commission lawsuits are not the only ones getting updated complaints. On Thursday, James Lutz, the lead plaintiff in the Lutz homebuyer commission suit in Florida, filed a second amended complaint. This updated complaint adds 31 new plaintiffs to the suit, including many familiar names, such as Scott Davis, James Mullis and Mya Batton.
Appraisal Buzz
DECEMBER 13, 2024
The U.S. mortgage delinquency rate increased slightly in September to reach 3.0% of all mortgages an increase of 0.2% compared with September 2023, according to CoreLogics Loan Performance Insights Report. It was the fourth consecutive month that the year-over-year delinquency rate increased. Early-stage delinquencies (30 to 59 days past due) represented 1.6% of all loans, up from 1.5% in September 2023.
Housing Wire
DECEMBER 13, 2024
The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. economy. Importantly, the association said that the recent development of Ginnie Maes new, complementary Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) product known as HMBS 2.0 could serve as a logistical te
Appraisal Buzz
DECEMBER 13, 2024
The National Association of Realtors (NAR) has unveiled its 10 Top Housing Hot Spots for 2025, which uses economic, demographic and housing factors to forecast where home sales will be strongest in the coming year. In 2025, the South region leads with four of the 10 housing hot spots, followed by the Midwest with three. What follows are the Top 10 Hot Spots in alphabetical order: Boston-Cambridge-Newton, Massachusetts-New Hampshire Charlotte-Concord-Gastonia, North Carolina-South Carolina Grand
Housing Wire
DECEMBER 13, 2024
Fathom Realty , a subsidiary of Fathom Holdings Inc. , has appointed a new vice president of operations. Andrew Shock, who has more 20 years of experience in the residential brokerage industry, takes on the role. “Andrew’s expertise, knowledge, and positive energy align perfectly with our vision and will drive us toward our goals,” Samantha Giuggio , president of Fathom Realty and chief operations officer of Fathom Holdings, said in a statement. “With his leadership, we a
Appraisal Buzz
DECEMBER 13, 2024
Lee Smith has been promoted to senior executive vice president and chief financial officer at Flagstar Financial. The appointment follows the decision of current CFO Craig Gifford to step down to reengage in personal endeavors outside of the banking industry. Gifford will remain with Flagstar through March 31, 2025, and work closely with Smith during the transition period, ensuring a seamless hand-over and continued support for the Banks ongoing initiatives, the bank says in a release.
Housing Wire
DECEMBER 13, 2024
The Real Estate Standards Organization (RESO) is welcoming many new and returning board of director members in 2025. The organization announced its board of directors election results, as well as director and executive committee appointments in a release on Thursday. It is a pivotal year for organized real estate, and our membership responded by voting for steady guidance to lead the way, Rebecca Jensen, the president and CEO of Midwest Real Estate Data (MRED), said in a statement.
Real Estate News
DECEMBER 13, 2024
Data and marketing pro David Childers shares content tips, 2025 predictions and the best way to answer real estate questions at holiday gatherings.
Housing Wire
DECEMBER 13, 2024
Planet Financial Group , the parent company of Planet Home Lending , completed the issuance of $475 million in senior unsecured notes this week, the latest mortgage company to raise debt in an oversubscribed transaction. The companys initial target for the offering was $400 million. The notes, which carry a 10.5% interest rate, are due in December 2029.
Real Estate News
DECEMBER 13, 2024
Longtime Texas Realtors Executive VP Mike Barnett will take over as CEO on April 1; Andrew Shock named VP of operations at Fathom; RESO announces 2025 board.
Inman
DECEMBER 13, 2024
According to Cara Ameer, the National Association of Realtors owes its members an apology along with the option to opt out of membership.
Eyes on Housing
DECEMBER 13, 2024
NAHB estimates that $184 billion worth of goods were used in the construction of both new multifamily and single-family housing in 2023. Additionally, we estimate that $13 billon of those goods were imported from outside of the U.S. These figures lead to 7% of all goods used in new residential construction originating from a foreign.
Inman
DECEMBER 13, 2024
Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities.
Eyes on Housing
DECEMBER 13, 2024
The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, decreased 14.5%, month-over-month, in November on a seasonally adjusted (SA) basis. The slowdown in mortgage activity can be attributed to higher mortgage rates as the ten-year Treasury yield increased in November, reflecting uncertainties surrounding the elections.
Inman
DECEMBER 13, 2024
The cloud banking software provider is finishing up the year with a bang, announcing a partnership with a leading loan servicer and recruiting PlanSource veteran Srini Venkatramani as the company's new head of product.
BiggerPockets
DECEMBER 13, 2024
Realtor.com made its predictions about the top real estate markets in the U.S. in 2025, with unpredictability sweeping across the housing industry.
Inman
DECEMBER 13, 2024
Renters are more likely than homeowners to feel disconnected from their neighbors, according to a Redfin-commissioned survey of 894 renters and 805 homeowners aged 18 to 65.
Lamacchia Realty
DECEMBER 13, 2024
Ryan Mirisola Qualifies for the 2024 Lamacchia Realty President's Club We are thrilled to announce that Ryan Mirisola has officially qualified for the 2024 Lamacchia Realty President’s Club! He hit this impressive feat by surpassing $16,000,000 in sales volume this year. This is Ryan’s first time qualifying for President’s Club since joining Lamacchia.
Inman
DECEMBER 13, 2024
Your business is a reflection of you, broker Zak Shellhammer writes. The more it aligns with your values and passions, the more successful and satisfying it will be.
Mortgagebroker News
DECEMBER 13, 2024
CEO on how digital innovation is driving the industry forward
Inman
DECEMBER 13, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Lamacchia Realty
DECEMBER 13, 2024
Colleen Crowley Qualifies for the 2024 Lamacchia Realty President's Club We are thrilled to announce that Colleen Crowley has officially qualified for the 2024 Lamacchia Realty Presidents Club! She achieved this incredible milestone by selling an impressive 33 homes this year. This marks Colleens third year qualifying for Presidents Club, having also earned this honor in 2021 and 2022.
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