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Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.
Watch the conversation with marketing pro Brian Boero as he imagines how NAR and the industry could — and should — be communicating with agents and consumers.
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Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new program to help struggling veterans. The current moratorium, announced in November, was set to end on Friday. It was implemented amid complaints of veterans’ struggles because there was no program available to succeed a partial claim option offered during th
In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% of all mortgages in February, up from 1.1% in March 2023.
Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin's latest report. The median asking price declined for the first time in six months to $416,000.
Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday. The news was first reported by Inside Mortgage Finance.
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Coldwell Banker Realty , a New England-based residential real estate brokerage , welcomed The DelRose McShane Team , the brokerage announced on Wednesday. Led by Mike DelRose Sr., Mike DelRose Jr. and Bobby McShane, The DelRose McShane Team boasts eight agents. They formerly operated the RE/MAX Revolution franchise in Watertown, Massachusetts, one of New England’s first RE/MAX franchises.
Editor in Chief Sarah Wheeler talks with Brad Rice, founder and CEO of Amerifund Home Loans and Homepie , about how his company is streamlining the process of selling for homeowners who want to sell their home themselves. Ironically, the technology he’s developed can be a benefit to real estate agents as well. SW: Why did you want to develop this platform?
Want to cover yourself and your clients while preventing miscommunication? Careful organization and documentation, Rachael Hite writes, can save your summer.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
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The share of older workers in the U.S. has grown significantly since the turn of the century, with 29.5% of workers in 2023 at least 65 years old, compared to 23% in 2000, according to a new report from the Employee Benefit Research Institute (EBRI). This occurred as labor force participation by older Americans between the ages of 55 and 64 has surpassed pre-pandemic levels, while the rate of those 65 and older did not change, the data suggested.
With a refreshed user experience and QR code versatility, this rebranded lead capture app ensures no one gets out of reach, and the improvements made helped it earn a higher rating.
Home equity fintech lender Point , in collaboration with its long-time financing partner Atalaya Capital Management , has successfully closed a $141 million rated asset-backed securities transaction. The securitization was completed on May 15 and marked Point’s second rated securitization and third overall deal in the secondary market, with all securities receiving ratings from Morningstar DBRS.
Sky-high numbers of delistings and price corrections may mean that buyers have finally had their fill of homes that are priced too high, according to Mike DelPrete.
“Wait, you mean I don’t have to live on Instagram all day for it to work for me?” Yes. It is entirely possible! In the fast-paced world of social media , maintaining an active presence on platforms like Instagram can be both a blessing and a burden. As Realtors and entrepreneurs, we strive to stay relevant, yet the demand to constantly produce fresh content and engage with followers can quickly become overwhelming.
In response to NAR's proposed settlement, the nation's second largest MLS will add data fields on June 11 allowing sellers to signal they're willing to offer buyer concessions when they list a home.
The Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA) estimates that 42% of 91,060 unsubsidized apartments completed in the fourth quarter of 2023 were absorbed (rented) within the first 3 months following completion. For condominiums, 56% of the estimated 4,915 units completed in the fourth quarter of 2023.
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This article is presented by PropStream. Read our editorial guidelines for more information. The housing market is an increasingly challenging place for investors right now.
Discover how to make your real estate business unshakeable with our expert-led webinar The art of setting goals and milestones Why you should consider getting certified in a specialty How to showcase your expertise by reading market dynamics-not drama Marketing tactics to educate buyers and sellers while generating appointment leads How to leverage cutting-edge agent […]
Contract signings fell 7.7 percent between March and April to a score of 72.3 on the Pending Home Sales Index last month, according to data released Thursday by the National Association of Realtors.
The "Zero Dark Thirty" star purchased the home for $5.1 million in 2015. A number of well-known musicians have lived in the apartment in its time, including Leonard Bernstein, who composed "West Side Story" while living there.
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