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Todays new construction report from the Census Bureau showed month-to-month growth in housing starts, but falling housing permits. Both of these data lines are currently still at the levels we saw in the early part of the COVID-19 recession. However, employment for residential construction workers hasnt fallen at all, even with the decline in housing starts and permits.
With all the revolving housing market trends going around, whats the new symbol of status? A lease. More affluent Americans are choosing to rent rather than buy a home, particularly in Sun Belt cities that saw a sharp rise in population during the pandemic. A new Redfin report showed that in recent years, wealthy renters have increased their share of the rental market in over three-quarters of the most populated U.S. metropolitan areas (35 out of 50), with Raleigh, NC, and Orlando, FL,leading th
The state of the U.S. housing market particularly its levels of affordability, available inventory and accessibility for those with mobility or cognitive challenges presents a unique challenge for older Americans on fixed incomes. This has led to a failure to properly serve the senior cohort. These are the assertions of a report published last week by the Urban Institute.
ACES Quality Management has released its quarterly ACES Mortgage QC Industry Trends Report, covering the third quarter of 2024, an analysis of a post-closing quality control data derived from ACES Quality Management & Control software. According to the report , as weather-related natural disasters increase in frequency and severity, home insurers have responded to the increased risk by dramatically increasing premiums or simply ceasing to issue new policies in heavily impacted regions.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Glenn Kelman seemed unusually down. The Redfin CEOs playful demeanor and quotable banter was notably absent on the companys fourth-quarter 2024 earnings call at the end of February. There could have been many innocuous reasons for sounding a bit deflated not enough sleep or a bad day at work. But in light of Redfins blockbuster sale to Rocket Mortgage that was announced less than two weeks later, hindsight dictates that Kelman may have known that the end of independence was coming for the compa
Learn from real estates best and brightest in the business, all while growing your network and meeting like-minded passionate and driven professional peers.
Learn from real estates best and brightest in the business, all while growing your network and meeting like-minded passionate and driven professional peers.
Compass and its CEO, Robert Reffkin, have not been shy when it comes to voicing their displeasure over the National Association of Realtors (NAR) Clear Cooperation Policy (CCP). Over the weekend, the firm took things a step further by sending an email to MLSs with suggested changes to their CCP policies. The email was obtained and published by industry analyst Rob Hahn.
Los Angeles Mayor Karen Bass seems to be warming up to the idea of pausing the controversial ULA Tax as the city recovers from destructive wildfires, but it is unclear how she could do it.
Advocus National Title Insurance Co. has introduced GO Live, a virtual closing system designed to streamline real estate transactions for attorneys and their clients. The platform, which debuts in Chicago , will expand to additional markets in the coming months. GO Live allows attorneys to guide homebuyers through closing documents in real time, reducing errors and improving communication.
Each month, hundreds of real estate agents, brokers, executives and investors report on what they're seeing in their corner of the industry. Add your insights. Take the survey.
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.
Insurance brokerage platform VIU by HUB has partnered with mortgage servicing company Valon to provide homeowners with streamlined insurance options amid rising costs. Through the partnership, Valon customers will have access to instant insurance quotes from multiple carriers along with guidance from licensed agents. The collaboration aims to simplify policy management and renewals while helping homeowners secure appropriate coverage, company leaders said. “This partnership represents our
Standardize planning with a simple DEI checklist, Dr. Lee Davenport writes, and share measurable outcomes along with personal feedback and stories from each event as part of your diversity, equity and inclusion efforts.
William Pulte ousts board members, adds new ones, including a DOGE-affiliated engineer. Plus, HUD floats affordable housing proposal, the CFPB clings to life.
Learn from real estates best and brightest in the business, all while growing your network and meeting like-minded passionate and driven professional peers.
Property taxes are a significant expense for homeowners. If you believe your property is assessed at a value higher than its fair market value, you have the right to appeal your property tax assessment. A successful appeal can result in a lower tax bill, saving you money each year. Understanding Property Tax Assessments Property tax assessments are conducted by local government assessors (town, city, or county).
Understanding buyer psychology is about more than closing business transactions, Darryl Davis writes. Its about building genuine connections and guiding clients to decisions that align with their goals.
The discount brokerage contends that a three-judge panel erred in finding that NAR's no-commingling rule was not direct evidence of "concerted action" between NAR and Zillow.
Youve worked so hard to finally achieve FIRE (financial independence, retire early); the last thing you want is your wealth to dwindle or disappear entirely.
There may have been a change in administration and the Department of Justices (DOJ) antitrust division may be under new leadership, but that doesnt mean the government has given up on getting the settlement it wants in the Nosalek commission lawsuit. On Monday, the DOJ filed a supplemental statement of interest in the Nosalek suit expressing its continued displeasure with the terms of MLS Property Information Networks (MLS PIN) settlement.
Defunct discount brokerage REX Real Estate is not giving up in its antitrust battle against Zillow and the National Association of Realtors (NAR). On Monday, REX filed a petition of rehearing en banc with the Ninth Circuit Court of Appeals. It is appealing a U.S. District Courts summary judgment ruling that NAR and Zillow did not break antitrust laws when NAR promulgated its no-commingling rule and Zillow redesigned its website in order to follow the rule.
Reverse mortgage business in the early part of 2025 has been humming along consistently, though not exactly booming as mortgage rates remain elevated and lenders are moving on their own initiatives to expand business and further forge partnerships with the forward mortgage side of the industry. This is according to descriptions by some of the major lenders themselves, as well as a conversation HousingWire s Reverse Mortgage Daily (RMD) had with Reverse Market Insight (RMI) President John Lunde,
The overall number of loans now in forbearance fell by 2 basis points from 0.40% of servicers portfolio volume in the previous month to 0.38% as of February 28, 2025, according to the Mortgage Bankers Association s (MBA) Monthly Loan Monitoring Survey (LMS). MBA estimates that 190,000 homeowners are enrolled in forbearance schemes. Since March 2020, mortgage servicers have granted almost 8.6 million forbearances.
Had things worked out differently, Monday would have been Michael Brennan’s 10-year anniversary at Movement Mortgage , a company he thought he’d work at until retirement. Brennan joined Movement in 2015 as a regional manager, organically growing the Northeast to a $3 billion a year operation. He climbed the ladder to the role of president, and led sales and operations at a top-25 independent mortgage bank with 5,600 employees that notched $33 billion in volume during the peak of the
Housing starts took a significant jump in February, surging 11.2% on an unadjusted basis compared with January to reach an annual rate 1.501 million, according to the U.S. Census Bureau. Year-over-year, however, starts were down 2.9% compared with February 2024. Starts of detached single-family homes were at a rate of 1.108 million, an increase of 11.4% compared with January.
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