Housing Wire
DECEMBER 4, 2024
While the commission lawsuits and the business practice changes outlined in the National Association of Realtors’ (NAR) settlement occupied notable portions of 2024 for The Real Brokerage , impressive organic growth is the firm’s true highlight of the year. Real ended 2023 with 13,650 agents and as of Wednesday the company reports that it has now reached 23,000 agents.
Appraisal Buzz
DECEMBER 4, 2024
American homeowners poured $827 billion into home improvement projects during the two-year period ending in 2023, according to the latest U.S. Census Bureau American Housing Survey. This marks an increase of more than $200 billion compared to the previous survey period, with total projects rising by 4%. Average project costs also climbed, reflecting not only inflation in raw materials and labor, but also a shift toward professionally completed renovations.
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Housing Wire
DECEMBER 4, 2024
In this week’s episode of the RealTrending podcast , host Tracey Velt is joined by Danielle Wilkie , co-founder of The Helm , to discuss emerging trends in real estate, female representation in real estate coaching and artificial intelligence. This interview has been edited for length and clarity. To kick off the conversation, Wilkie explores her career path before she co-founded The Helm.
Appraisal Buzz
DECEMBER 4, 2024
Hal welcomes back Kenon Chen, EVP of Strategy and Growth at Clear Capital, to dive into the latest changes from the FHFA that are set to shake up the appraisal industry. (Missed Kenon’s previous episode? Don’t worry—you can watch it here: [link] ). Kenon breaks down the new policies and explains what these changes mean for appraisers, many of whom are feeling uncertain about the future.
Housing Wire
DECEMBER 4, 2024
The Federal Housing Administration (FHA) announced last week that the Home Equity Conversion Mortgage ( HECM ) limit for 2025 will be $1,209,750. It’s the ninth straight year that the limit will increase based on home-price appreciation levels, which feeds into a single, national limit for all HECM loans. While the increased limit theoretically increases the borrowing power for anyone considering a HECM loan, industry analysts are somewhat split over the potential benefits such a limit wou
Real Estate News
DECEMBER 4, 2024
Federal policy changes could impact real estate in surprising ways, but economists are predicting fairly modest shifts in the new year.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
DECEMBER 4, 2024
Damian Eales sees Zillow as both a top competitor and an important partner, and explains why he has continued to “call out” Homes.com.
Housing Wire
DECEMBER 4, 2024
Mortgage applications increased 2.8% on a seasonally adjusted basis during the week ending Nov. 29 as borrowers took advantage of improved inventory levels and the lowest mortgage rates in a month, according to data released Wednesday by the Mortgage Bankers Association (MBA). Purchase loan activity drove total applications higher last week, which included an adjustment for the Thanksgiving holiday.
Appraisal Buzz
DECEMBER 4, 2024
According to data provided by Epiq AACER , a provider of bankruptcy filing data, total individual Chapter 7 filings in November 2024 stood at 22,886, a 14% increase over the 20,149 filings recorded in November 2023. Total bankruptcy filings were 40,271 in November 2024, a 6% increase from the November 2023 total of 37,907. Overall individual bankruptcy filings registered a 7% year-over-year increase, as the 37,826 filings in November 2024 represented an increase over the 35,446 individual bankru
Housing Wire
DECEMBER 4, 2024
Recruitment efforts have been a mainstay of The Real Brokerage ‘s growth efforts in 2024. And the digital brokerage platform continues to grow this week with another affiliation. Real announced Wednesday the affiliation of ROVI Homes , a brokerage operating in the New England states of Massachusetts , Connecticut and Rhode Island , as well as Sarasota, Florida.
Appraisal Buzz
DECEMBER 4, 2024
Mortgage application volume increased 2.8% on an adjusted basis during the week ended November 29, as the average contract rate for 30-year fixed-rate mortgage with conforming loan balance fell to 6.69%, down from 6.86% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. It was the second consecutive week that application volume increased – driven mainly by a bump in purchase applications.
Housing Wire
DECEMBER 4, 2024
Rising home prices were a stressor for buyers who wanted to enter the real estate market in 2024. But some existing homeowners and investors may feel differently as a trend of home equity growth was found across 45 states. Home equity solutions provider Unison released its 2024 Home Equity Report on Tuesdsay. The report surveys home equity growth trends on a regional and national basis, tapping into data from the Case-Shiller Index and Federal Reserve to determine price increases and equity leve
Appraisal Buzz
DECEMBER 4, 2024
U.S. home prices increased 0.2% in October compared with September and were up just 3.4% compared with October 2023, according to CoreLogic’s home price index report. Home price growth has been relatively flat since this summer and some markets have seen home prices drop. “Similar to much of the housing market activity, home prices continued to mostly move sideways in October,” says Selma Hepp, chief economist for CoreLogic, in a statement.
Housing Wire
DECEMBER 4, 2024
The Florida real estate market has reached unprecedented heights with major projects getting funding from developers across the country and even overseas. But the arrival of big money doesn’t mean that the smaller players need to bow out entirely; having a comprehensive and detailed business plan can help smaller developers hold their own even in a blazing hot market.
Appraisal Buzz
DECEMBER 4, 2024
Connie Lindsay has joined national mortgage lender Rate as senior vice president of mortgage lending. Lindsay has a distinguished career in mortgage banking, most recently with US Bank. In her new role, she will help Rate further its mission of empowering homeowners with cutting-edge technology and innovative lending solutions. “Having cultivated a deep understanding of the mortgage industry over her years in the business, Connie brings a wealth of expertise and a proven track record of success,
Housing Wire
DECEMBER 4, 2024
Michigan-based United Wholesale Mortgage (UWM) has launched a new pricing incentive, offering 60 basis points (bps) to its broker partners for the next 60 days, a period when mortgage market activity typically slows due to the holiday season. The program, dubbed “60bps for 60 Days,” applies to both conventional and government loans and is available to borrowers with a FICO score of 720 or higher.
Appraisal Buzz
DECEMBER 4, 2024
Shore United Bank , a full-service community bank serving customers in Maryland, Delaware and Virginia, is now using the Empower LOS and select AIVA AI virtual assistants from Dark Matter to streamline its mortgage lending operations and offer additional support for integrations. “Investing in Dark Matter Technologies is an investment in our customers’ homeownership journeys,” says Corey Galinsky, executive vice president at Shore United, in a release.
Housing Wire
DECEMBER 4, 2024
Cyberattacks using gen AI are on the rise, experts warn, and title companies, lenders and real estate firms are all in the crosshairs. On Tuesday, the FBI released a public service announcement warning that bad actors are now enlisting gen AI to commit more sophisticated forms of financial fraud. This is deja vu all over again for many in housing as last year in November Mr.
Inman
DECEMBER 4, 2024
California-based proptech leader RealScout has launched the latest addition to its award-winning suite of lead generation tools. The new product, Search Links, enables agents, teams and brokerages to distill popular home search parameters — such as listings under $5 million in Los Angeles or beachfront condos in Miami — into a personalized landing page that consumers can access in one click.
Housing Wire
DECEMBER 4, 2024
Judge Stephen R. Bough’s ruling that granted final approval to the National Association of Realtors ‘ (NAR) commission lawsuit settlement agreement is facing yet another appeal. On Tuesday, Robert Friedman filed an appeal of Bough’s ruling with the Eighth Circuit Court of Appeals. Friedman had previously filed a copycat commission lawsuit in New York in December 2023, but he voluntarily dismissed it a month later.
Inman
DECEMBER 4, 2024
EXp Realty has secured another headline-making recruit, with "Real Housewives of Orange County" star Gina Kirschenheiter and her partner, Travis Mullen, joining the company as team leaders of The Gated Group.
Housing Wire
DECEMBER 4, 2024
The National Association of Realtors (NAR) may have had its home seller commission lawsuit settlement agreement approved , but that does not mean it is free from the homebuyer commission lawsuits. Last week, as Judge Stephen R. Bough was issuing his final approval of NAR’s settlement, the plaintiffs in the Batton 2 homebuyer commission suit filed their second amended complaint.
Inman
DECEMBER 4, 2024
The estate -- built around 1990 -- has undergone extensive renovations after being purchased for $18 million in 2021, but local real estate agents say that some might consider the home a teardown and opt to raze it to make way for something more modern and imposing, "The WSJ" reported.
Housing Wire
DECEMBER 4, 2024
A coalition of six federal regulatory agencies, along with state financial regulators, have issued an interagency statement on the realities of elder financial exploitation (EFE) and its potential economic impacts on older Americans. The federal regulators that stamped their names on document include the Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board of Governors, the Federal Deposit Insurance Corp.
Inman
DECEMBER 4, 2024
We know that you're always giving to everyone else, but what holiday gift do you wish for in your heart of hearts?
Housing Wire
DECEMBER 4, 2024
After hitting a historic low point in 2023, mortgage delinquency rates have been climbing rapidly in recent quarters, particularly within the Federal Housing Administration (FHA) portfolio. The shift is being driven by a combination of factors, including macroeconomic pressures, the impact of natural disasters, and rising property insurance premiums and taxes.
Inman
DECEMBER 4, 2024
From pricey California to Florida's downturn and Connecticut's return to boom times, an Inman analysis of listing data reveals three regions where brokers, agents and clients are facing challenges.
Housing Wire
DECEMBER 4, 2024
Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Lindsay is the latest addition to Rate’s evolving leadership team of experienced executives. She joins the company’s leadership team to further its presence and performance in the Washington market.
Inman
DECEMBER 4, 2024
What can you do to prevent your listing from languishing on the market? Try these strategies from trainer Bernice Ross to hit the refresh button with your sellers and build buzz around the property.
Mortgagebroker News
DECEMBER 4, 2024
Executive on the trends likely to impact the alternative space next year – and what brokers need to keep in mind
Inman
DECEMBER 4, 2024
Less is more. If you want big social media results, keep it simple, Mainframe’s Sean Frank writes. Show up, be yourself, and don’t make needless mistakes.
Mortgagebroker News
DECEMBER 4, 2024
How can mortgage professionals optimize their use of tech to build business?
Inman
DECEMBER 4, 2024
By adding new customers and selling additional services to existing clients, nCino grew revenue by 14 percent from a year ago, to $138.8 million, helping trim Q3 net loss to $5.3 million.
BiggerPockets
DECEMBER 4, 2024
I aim to earn 15% or higher returns on all my hands-off real estate investments. When the average person hears that, they immediately react dismissively: “What?!
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