Housing Wire
NOVEMBER 26, 2024
After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% decline compared to September and a 9.4% decline year over year.
Appraisal Buzz
NOVEMBER 26, 2024
A new study from Redfin found that real estate investors purchased 2.3% fewer homes in Q3 2024 than they did a year earlier. The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. For instance, investor purchases surged as much as 144% year-over-year in 2021, then dropped as much as 47% last year.
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Housing Wire
NOVEMBER 26, 2024
U.S. home prices rose 4.3% year over year in the third quarter of 2024, per the latest House Price Index (HPI) released Tuesday by the Federal Housing Finance Agency (FHFA). Compared to the second-quarter figure, home prices were up 0.7%. And the FHFA’s seasonally adjusted monthly index for September also rose 0.7% from August. “U.S. house price growth slowed in the third quarter, continuing a trend that started in the fourth quarter of the previous year,” Anju Vajja, deputy director
Appraisal Buzz
NOVEMBER 26, 2024
As 2025 draws near, mortgage rates are once again in the news. Those who want to buy, or even refinance, should prepare for a turbulent journey and be prepared to move when the time is right. Zillow anticipates a more active housing market with more buyers obtaining the upper hand in 2025. “Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” said Skylar Olsen, Zillow Chief Economist.
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Housing Wire
NOVEMBER 26, 2024
U.S. home-price growth continued to cool in September. The S&P CoreLogic Case-Shiller national home-price index (HPI) rose 3.9% annually to a reading of 324.80 in September, according to data released Tuesday. This increase is down from a 4.3% annual gain in August and a 5% jump in July , and it marks the lowest year-over-year increase since August 2023.
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Housing Wire
NOVEMBER 26, 2024
Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the figures. In this case, several factors contributed to the substantial decline in new home sales.
Appraisal Buzz
NOVEMBER 26, 2024
On Tuesday, December 3, Williston Financial Group (WFG) will host its fourth and final 2024 quarterly installment of the company’s “ Quarterly Economic Outlook ” webinar, featuring WFG Chairman and Founder Patrick F. Stone , and Economist and Forbes contributor Bill Conerly, Ph.D. at Noon CT. During the webinar, Stone and Conerly will provide essential insights and analysis on the current state of the economy and its impact on the housing market, delve into the latest economic data and trends, a
Housing Wire
NOVEMBER 26, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2025 Tech100 Award are open now through December 16, 2024. Click here to nominate a tech organization. For the past 14 years, HousingWire’s Tech100 award has been celebrating the most innovative and impactful tech organizations in real estate and housing.
Sacramento Appraisal Blog
NOVEMBER 26, 2024
Turkey with a side of real estate? Yes please. Or maybe not. Here are some topics to potentially bring up at the Thanksgiving table if you need a little spice. I also have two new graphs that I’m excited to share. OVER FOUR THOUSAND BLESSINGS TO COUNT This year we’ve seen 3,346 more new listings […] The post Making Thanksgiving dinner awkward with housing conversations first appeared on Sacramento Appraisal Blog.
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Appraisal Buzz
NOVEMBER 26, 2024
Intergenerational residential communities, designed to support individuals of all ages in affordable, socially engaging settings, are emerging as a solution to address challenges like social isolation and housing costs. Although currently limited in availability, these communities bring together households from diverse age groups, focusing on relationship-building, while providing supportive services and affordable housing options.
Housing Wire
NOVEMBER 26, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. If an uptick in housing inventory and more favorable interest rates materialize in 2025, you’ll still need to find creative ways to generate buzz for your listings and expand your client network. Even amid the growing popularity of TikTok videos and Instagram reels, real estate open houses are still one of the best ways to get new clients in the d
Appraisal Buzz
NOVEMBER 26, 2024
New home sales in October were at a seasonally adjusted annual rate of 610,000, a decrease of 17.3% compared with September and down 9.4% compared with October 2023, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The decrease follows a 4.1% month-over-month increase that came in September, when rates fell.
Housing Wire
NOVEMBER 26, 2024
Mortgage technology platform Haven is allowing its users to access property tax monitoring and protesting services. The New Jersey-based company has partnered with property tax service provider Ownwell , according to a recent joint announcement. Through this partnership, Haven will offer an escrow monitoring feature through the platform’s affiliate marketplace, or app store, which offers products and services that benefit servicers and borrowers.
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Appraisal Buzz
NOVEMBER 26, 2024
Matic announced that it has published its annual year-end trends and predictions report, which examines significant developments in the house insurance market and their effects on mortgage lenders and homeowners. Based on information from 10 million properties, roughly 36 million quotation requests, and external quoting engines, the research provides predictions for 2025 as well as insights into the key trends of 2024.
Housing Wire
NOVEMBER 26, 2024
Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Pylon, founded in 2022, has Peter Thiel, the co-founder and former CEO of PayPal , among its investors. The list also includes venture capital firms Conversion Capital , Allegis Capital , QED and Fifth Wall.
Appraisal Buzz
NOVEMBER 26, 2024
HUT HUT! While buying a home is no picnic, for some Americans, their NFL team has a lot to do with the buying process. According to recent research from Realtor.com , more than half (55%) of NFL fans say that supporting a local team makes them feel more connected to their city and neighborhood community, while roughly 1 in 5 indicate that their loyalty played an extremely significant or highly significant impact in their home shopping process.
Housing Wire
NOVEMBER 26, 2024
The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. But rates have also crossed the 7% threshold once again, which could represent a mental hurdle for home shoppers. According to data at HousingWire’s Mortgage Rates Center , the average 30-year conforming rate rose 3 basis points (bps) during the past week to reach 7.02% on Tuesday.
Eyes on Housing
NOVEMBER 26, 2024
Home price growth continued to slow in September, growing at a rate just below 4% year-over-year. The S&P CoreLogic Case-Shiller Home Price Index (seasonally adjusted – SA) posted a 3.89% annual gain, down from a 4.28% increase in August. The S&P CoreLogic Case-Shiller HPI year-over-year rate has decelerated for the seventh consecutive month, peaking at.
Housing Wire
NOVEMBER 26, 2024
To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. This is according to housing experts Jonathan and Drew Scott in a conversation with Yahoo Finance. The Scotts are the eponymous “Property Brothers” from the TV series of the same name, broadcast in the U.S. on HGTV.
Eyes on Housing
NOVEMBER 26, 2024
Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales of newly built, single-family homes in October declined 17.3% to a 610,000 seasonally adjusted annual rate, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S.
Housing Wire
NOVEMBER 26, 2024
The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publication of FHA Mortgagee Letter (ML) 2024-21. In 2024, those figures were $498,257 and $1,149,825, respectively.
Real Estate News
NOVEMBER 26, 2024
A last-minute filing by the DOJ and a handful of objections failed to derail the settlements, which cap more than five years of litigation in Sitzer/Burnett.
Housing Wire
NOVEMBER 26, 2024
The limit for federally backed reverse mortgages is increasing for the ninth consecutive year. The Federal Housing Administration (FHA) announced on Tuesday via Mortgagee Letter (ML) 2024-22 a maximum claim amount of $1,209,750 in 2025. That’s up $59,925 from the current limit of $1,149,825 for Home Equity Conversion Mortgages (HECMs), which equates to an increase of roughly 5%.
Real Estate News
NOVEMBER 26, 2024
With the NAR settlement on the cusp of approval, a filing from the Department of Justice cast a shadow on a core part of the deal. Now what?
Appraisal Buzz
NOVEMBER 26, 2024
Linda Davidson, an industry veteran and President of National Branch Optimization, has been promoted to the critical position of Operations at Fairway Independent Mortgage Corporation. Linda Davidson, President of National Branch Optimization—Operations at Fairway Independent Mortgage “Linda embodies two of Fairway’s most important Core Values—Humility and Creating an Amazing Experience for our customers,” said Steve Jacobson, CEO and Founder of Fairway.
Real Estate News
NOVEMBER 26, 2024
A new complaint, like others filed in Michigan and Pennsylvania, claims that requiring association membership as a precondition for MLS access is monopolistic.
Appraisal Buzz
NOVEMBER 26, 2024
Optimal Blue has announced two important executive promotions that will help the firm grow its network of partners and position it to offer innovation more quickly across its whole capital markets platform. Mike Vough has been promoted to Head of Corporate Strategy, and Erin Wester has been named Chief Product Officer. “At Optimal Blue, we are very fortunate to not only have the latest and most accurate technology in the industry, but we also have proven industry experts that bring incredible ex
Inman
NOVEMBER 26, 2024
Judge Stephen R. Bough approved antitrust deals reached with the National Association of Realtors and HomeServices of America Tuesday afternoon.
GoForrmz
NOVEMBER 26, 2024
Enterprise data deserves enterprise-caliber data capture - here’s how GoFormz can help Forms are essential tools for capturing data, especially for enterprise teams, ensuring compliance, and keeping workflows running smoothly. While many large organizations already have established forms and procedures in place, managing them manually or with outdated systems can be a burden, leading to inefficiencies and lost opportunities.
Inman
NOVEMBER 26, 2024
Mortgage giants will be allowed to back loans of up to $1.2 million in high-cost markets, providing ammo to critics who say goverment backing for mortgages adds to affordability woes.
Movoto
NOVEMBER 26, 2024
This episode of The MovotoMic Podcast dives into the latest housing market headlines, unpacking 2025 real estate forecasts, affordability challenges, and shifting trends driven by climate risks. Featuring insights from real estate veteran Jerimiah Taylor, we explore the evolving dynamics of home prices, mortgage rates, and the role of Baby Boomers in inventory trends.
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