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The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless. That same dire need for affordable housing for the least prosperous among us, however, also is a serious problem in rural America — home to nearly 70 million Americans. The U.S. Department of Agriculture (USDA) administers one of the main programs providing housing for low-income households in the rural stretches of this country — w
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. Originally conceived as the underlying foundation for cryptocurrencies, blockchain’s potential extends far beyond digital currencies. One of its most intriguing applications lies in the domain of appraisals.
With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Each of those notched down from a week ago and compared to a year ago. This is a holiday effect and it should all be reversed back onto the year’s growth trend by next Monday’s report. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago.
The percentage of U.S. consumers who say it is a good time to buy a home increased to 21% in March, up from 19% in February, indicating that they may be “adjusting their expectations for the housing market,” according to Fannie Mae’s most recent Home Purchase Sentiment Index report. There is, however, growing pessimism toward mortgage rates: Thirty-four percent of consumers believe mortgage rates will go up over the next 12 months, up from 32% in February, while only 29% of say they believe rate
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.
Insurance companies are leveraging aerial images of homes to drop properties deemed too risky, according to a report by The Wall Street Journal. Consumer advocates are concerned that customers are not always able to challenge images that could be out of date or inaccurate. The increased use of aerial images also comes at a time when many home insurance carriers nationwide try to offload some risk from their property portfolios, sometimes leaving states altogether to recover from big underwritin
The average homebuyer credit score reached 737 in March, according to Optimal Blue’s Originations Market Monitor report. That’s an all-time high for the report, which was launched in 2018. The average credit score increase indicates that homebuyers are working harder on their credit scores in response to higher mortgage rates, tighter credit availability and stricter lending standards.
The average homebuyer credit score reached 737 in March, according to Optimal Blue’s Originations Market Monitor report. That’s an all-time high for the report, which was launched in 2018. The average credit score increase indicates that homebuyers are working harder on their credit scores in response to higher mortgage rates, tighter credit availability and stricter lending standards.
The National Association of Realtors (NAR) unveiled a new partnership with SoFi on Monday. As part of the agreement, NAR members and their clients will be eligible to receive exclusive rates and discounts on mortgages , student loan refinancing, and personal loans, among other perks. “This partnership amplifies our support for the diverse financial needs of our members,” Rhonny Barragan, NAR vice president of strategic alliances, said in a statement.
After a few months of downward data in its performance metrics, the reverse mortgage industry saw a slightly different story play out in March that should come as welcome news. Home Equity Conversion Mortgage (HECM) endorsements increased 8.3% to 2,058 loans in March, an increase helped by new case numbers and slightly telegraphed by recent industry sentiments, according to data compiled by Reverse Market Insight (RMI).
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.
The Mortgage Bankers Association (MBA)’s policy advocacy group, the Mortgage Action Alliance (MAA), is urging its members in the state of Massachusetts to support the continued use of remote telephone and video counseling for reverse mortgages in the state following the lapse of an exemption allowing for remote counseling. “The provision in state law which permitted these forms of consumer counseling on reverse mortgage loans expired on March 31st via sunset,” the call explained.
United Wholesale Mortgage ’s (UWM) revenue margins “don’t stand out like” one would expect if the company was overcharging borrowers, analysts at BTIG said on Monday. The comments follow a Hunterbrook Media report from last week stating that UWM pressures brokers to send loans its way, resulting in higher costs to customers. “We think the premise of the thesis is misplaced,” Eric Hagen and Jake Katsikas wrote in the company’s weekly mortgage finance roundup.
These markets offer significant price appreciation and access to outstanding amenities, presenting a potential goldmine for agents. These include metro-adjacent homes and new front-running vacation destinations.
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.
Fast-growing, publicly traded The Real Brokerage announced Monday that it had reached a settlement agreement with the plaintiffs in the Umpa commission lawsuit. The Umpa suit is the only commission lawsuit in which Real has been named as a defendant. The brokerage will pay $9.25 million into a qualified settlement fund, as part of the agreement. In a press release , the brokerage noted that the settlement “does not constitute an admission of liability by Real, nor does it concede or validate any
A slower market and a crowded brokerage landscape have shifted efforts from quantity to quality, new reporting and Intel survey results reveal. For agents, it's now an unavoidable aspect of the job.
NAHB and the Dodge Construction Network published research on the prevalence of green building in The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief. The research found that the overall share of home builders classifying more than half their projects as green1 is at 34% for 2023 a one-percentage point increase from.
As brokerages pivot to specialized training meant to empower buyer agents, new-home sales still provide plenty of opportunities for intrepid Realtors, development specialist Hana Cha writes.
Mortgage rate lock volume increased 15.36% during March, according to Mortgage Capital Trading (MCT), a provider of mortgage capital markets technology. The increase comes despite the headwinds of rising home prices, lack of inventory and higher mortgage rates. Although rates currently stand at around 7%, historically high compared to recent years, they are expected to decline, enticing buyers to make purchases now with the anticipation of refinancing when rates begin to drop, the firm says in i
Lauren Holleran, vice president at Gibson Sotheby’s International Realty, is drawn to her career in luxury real estate not only for the chance to showcase beautiful properties but also for the opportunity to help people at different stages of their lives.
Residential building workers’ wage growth accelerated to 6.2% in February. After a 0.3% increase in June 2023, the year-over-year (YOY) growth rate for residential building worker wages have been trending up over the past eight months. The recent acceleration in wage growth was mainly due to the ongoing skilled labor shortage in the construction labor.
The company specifically referenced a pending legal settlement that could lead to a number of changes in the way agents and brokerages make money, saying that the importance of communicating the profession’s value to consumers is paramount.
Routine cleaning and maintenance saves both time and money, RentRedi CEO Ryan Barone writes, can retain or increase property value and attracts qualified tenants.
As most house flippers or BRRRR landlords will tell you, paying for hard money—with high interest rates and points tacked on top—can take huge chunks of profit out of a project.
Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae's Home Purchase Sentiment Index, but job and income concerns were also up in March.
Many investors assume that ownership is inherently safer than debt. I currently own equity in thousands of units and have invested six figures in real estate debts.
Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing.
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