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Mortgage rates have reached the lowest levels of the year today as the 10-year yield dropped significantly on tariff news. The stock market reacted negatively to the news regarding tariffs, resulting in significant selling and a shift towards the bond market. In this week’s Housing Market Tracker , I mentioned that the 10-year yield level was stubbornly resistant and that we needed bad news to break through it.
As more properties came ontothe market and overall inventory increased for the 17th consecutive month, the U.S. housing market showed signs of a sustained recovery this spring, according to Realtor.com s March Housing Trends Report. Nonetheless, increasing price reductions and declining pending house sales indicate that buyers are being cautious, most likely as a result of the uncertain economic climate and customers growing anxieties about their individual financial circumstances.
Two-thirds of U.S. homeowners saw their insurance rates increase in 2024, according to a recent survey by ValuePenguin. Amid escalating costs , many policyholders worry their homes could become uninsurable in the future, while some have already received nonrenewal notices from their insurers. The survey of nearly 2,000 consumers found that 67% experienced rate increases in 2024, down slightly from 72% in 2023.
The gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it. UPCOMING SPEAKING GIGS: 4/4/25 Gateway Properties (private) 4/10/25 Yuba-Sutter Association (register here) 4/15/25 Culbertson and Gray (private I think) 4/18/25 […] The post Indiana Jones & the growing gap between buyers and sellers first appeared on Sacramento Appraisal Blog.
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.
Mark Fleming, chief economist at First American , argues that failing to account for the growing number of U.S. households gives a misleading impression of housing market strength. If we look at existing-home sales as a percentage of the total number of households over time, we see that sales are down to the same levels as the early 1990s, just above 3%, and well below the long-run average of 4.1%, he said.
AssetVal , a valuation company known for delivering high-quality broker price opinions (BPOs), is now integrated with Restb.ai , an innovator in computer vision AI for the mortgage industry a move which will elevate the consistency and accuracy of AssetVals residential BPO offerings. This AI-driven enhancement enables AssetVal to validate the condition and quality of both subject properties and comparables, helping reduce valuation drift and deliver more consistent price opinions at scale, the
AssetVal , a valuation company known for delivering high-quality broker price opinions (BPOs), is now integrated with Restb.ai , an innovator in computer vision AI for the mortgage industry a move which will elevate the consistency and accuracy of AssetVals residential BPO offerings. This AI-driven enhancement enables AssetVal to validate the condition and quality of both subject properties and comparables, helping reduce valuation drift and deliver more consistent price opinions at scale, the
Throughout the nearly yearlong debate over the National Association of Realtors (NAR) Clear Cooperation Policy (CCP), Zillow has been a staunch supporter of the policy. But while Zillow did get its wish after NAR chose to uphold CCP for now, the trade groups new Multiple Listing Options for Sellers policy which creates the concept of a delayed marketing exempt listing has the potential to put some serious strain on Zillow and other listing portals like Realtor.com and Homes.com.
United Wholesale Mortgage remained king of the hill when it came to mortgage originations in 2024. The Michigan-based wholesale powerhouse funded $139.8 billion in mortgages, according to recently released Home Mortgage Disclosure Act (HMDA) data from the Consumer Financial Protection Bureau (CFPB). Mortgage and real estate analytics firm InGenius broke down the data at HousingWire’s request.
Manufactured homes play a measurable role in the U.S. housing market by providing an affordable supply option for millions of households. According to the American Housing Survey (AHS), there are 7.2 million occupied manufactured homes in the U.S., representing 5.4% of total occupied housing and a source of affordable housing, in particular, for rural and.
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.
In mortgage finance and real estate , the only constant is change. From fluctuating interest rates and evolving regulations to technological disruptions and shifting consumer demands, mortgage leaders today face unprecedented volatility and complexity. This ongoing flux demands adaptive, resilient, and deeply principled leadership. The last several years, rising mortgage rates and home values have dramatically reshaped affordability and consumer purchasing power.
AssetVal , a provider of real estate valuations, has partnered with artificial intelligence (AI) company Restb.ai to integrate computer vision technology into its broker price opinion (BPO) process. The collaboration aims to enhance the accuracy and consistency of property valuations by using AI to assess property conditions and quality. BPOs, often used in real estate transactions and lending decisions, can vary due to subjective assessments by different agents.
Rates may drop in the short-term before inflation ramps up, but stock market volatility, higher prices and rising unemployment could stall home purchases.
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.
The typical U.S. homebuyers monthly payment hit a record $2,802 in late March, marking the second consecutive week of all-time highs, according to a new Redfin report. Despite rising costs , there are signs that more house hunters are reentering the market as spring begins. Home sale prices have climbed 3.4% year-over-year, while the average mortgage rate stands at 6.65%, down from recent peaks but still more than double pandemic-era lows.
News & Media yongyuan, E+, Getty Images Source: [link] The Rise of Multi-Generational Home Buying By Amethyst Marroquin Multi-generational living offers families financial and emotional support, stronger bonds and shared caregiving responsibilities, NAR research found. CHICAGO The concept of multi-generational housing homes that have adult siblings, adult children over the age of 18, parents and/or grandparents residing with the primary home buyer has been gaining traction over the past d
Homie Technologies on Wednesday notified the U.S. District Court in Utah that it was voluntarily dismissing Keller Williams from its antitrust suit. Keller Williams was dismissed with prejudice, preventing Homie from refiling the suit. However, in its filing Homie notes that this notice of dismissal does not in any way apply to or affect Homies claims in the Action against any of the other Defendants, which remain pending.
FHLB Cincinnati has launched the Hundred Homes Initiative, which will offer $5 million in funding to move 100 households living in mobile homes constructed before June 15, 1976 into updated housing. The program which focuses on improving the quality of housing stockin Kentucky, Ohio and Tennessee offers $50,000 grants per household to be used for downpayment, closing costs, principal reduction assistance, purchase of land (as needed), disposal and/or recycling of vacated mobile home, and any l
On a recent episode of the HousingWire Daily podcast, Managing Editor James Kleimann joined Sarah Wheeler to unpack Rocket Companies headline-making acquisition of Mr. Cooper a $9 billion deal that could reshape the mortgage landscape for years to come. Coming on the heels of Rockets Redfin acquisition , the move signals the companys intent to control the full mortgage journey from lead generation to long-term servicing.
Mortgage rates continued to edge down this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.64%, down from 6.65% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.82% Over the last month, the 30-year fixed-rate has settled in, making only slight moves in either direction, says Sam Khater, chief economist for Freddie Mac, in a statement.
A lawsuit over rights to reverse mortgage-backed collateral stemming from the collapse of a major industry lender has been brought to an end with a summary judgment, but the plaintiffs in the case have vowed to appeal the decision. The suit was filed by Texas Capital Bank (TCB) against Ginnie Mae in late 2023. The bank alleged that Ginnie Mae had extinguished, in return for no consideration, TCBs first priority lien on tens of millions of dollars in collateral stemming from the [FHA]-sponsored [
Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology. These organizations are on the cutting edge of serving the mortgage, real estate, or housing markets, providing technology or software designed to serve those markets.
U.S. District Court Judge Mark H. Cohen is standing by his denial of the Gibson commission lawsuit plaintiffs motion to intervene in the Hooper commission lawsuit. On Wednesday, Judge Cohen denied the Gibson plaintiffs motion to file a surreply in the Hooper suit relating to the Hooper plaintiffs motion for preliminary approval of their settlements with eXp World Holdings and Weichert Realtors.
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more common for townhouses and single-family homes to sell below list price as buyers gain negotiating power amid rising inventory and high housing costs, according to a recent report from Redfin. Roughly two-thirds (68.4%) of U.S. condos that sold in February sold for less than their original asking price, up from 63.3% a year earlier and the highest February leve
United Wholesale Mortgage (UWM) won’t be sending any more servicing deals to Mr. Cooper Group in response to Mr. Cooper’s pending $9.4 billion acquisition by archrival Rocket Mortgage. But don’t expect the end of the relationship to significantly impact the balance sheet of either lender. As HousingWire exclusively reported on Wednesday, UWM ended its subservicing deal with Mr.
Paper is a compliance risk and a costly one According to the Association for Intelligent Information Management (AIIM), organizations lose an average of $120 for every misfiled document and spend $20 in labor costs just to file a single paper document. Once you multiply that across even a small-sized business, those costs will add up quickly. For finance teams that rely heavily on paper-based processes, these costs compound and increase the risk of non-compliance, data breaches, and audit failu
In a live-recorded episode of Power House at the Housing Economic Summit , HousingWire President Diego Sanchez sat down with Suzy Lindblom , chief operating officer at Sierra Pacific Mortgage , to explore the companys growth strategy and how its navigating todays lending environment. After consulting with Sierra Pacific for six months, Lindblom joined the company full-time in November drawn in by a culture she describes as unusually cohesive and execution-focused.
Top-five reverse mortgage lender Finance of America (FOA) has enlisted creative advertising agency David&Goliath (D&G) to serve as its new creative agency of record (AOR), following a competitive process including several other candidate agencies. The company which formally announced the arrangement on Thursday includes business and brand strategy, creative development and industry thought leadership initiatives, according to the announcement.
NextHome CEO James Dwiggins looks at the latest changes to Clear Cooperation and offers predictions for how they'll impact the wider real estate market.
The Federal Housing Administration (FHA) on Tuesday issued a waiver on quality control (QC) reviews for some newly distressed mortgages in Southern California as homeowners continue to grapple with the effects of the January 2025 wildfires. The FHA typically requires reviews for mortgages 60 days past due within six months of origination to ensure underwriting compliance.
Elevate program offers higher level of services, including "done-for-you marketing," lead generation and transaction management, in exchange for what the company considers to be a low split.
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