Housing Wire

NOVEMBER 25, 2024

There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors ’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitzer/Burnett suit. DOJ notes in the filing that it did not participate in the litigation or in the negotiation of the proposed settlement.

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Appraisal Buzz

NOVEMBER 25, 2024

Jenn Stears, Branch Manager, Kind Lending Kind Lending has named Jenn Stears as Branch Manager of the company’s latest branch located in Daytona Beach, Florida. With experience and a commitment to mortgage lending, Stears will assist clients through the mortgage process and make a meaningful impact in Volusia County and its neighboring areas. She will also continue to serve clients in Connecticut, Arizona, and California.

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Housing Wire

NOVEMBER 25, 2024

In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. He stresses the importance of optimizing recapture workflows in the new market with new tools and strategies. Following that, Kennedy introduces RiskSpan’s unique strategies and tools.

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Appraisal Buzz

NOVEMBER 25, 2024

What does a living income mean? Economists and policymakers can’t agree, and many government guidelines are based on outdated or incomplete measures. The Consumer Price Index (CPI) is as reliable as federal minimum wage levels: not very. Creditnews Research decided to do something about it , and the result of their research is this list of America’s largest metros, ranked by minimum “living income” thresholds.

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Transportation Government Appraisal 243

Housing Wire

NOVEMBER 25, 2024

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas. Key pillars of the plans include bolstering access in rural communities, looking to manufactured housing as an instrument to bolster supply, and addressing liquidity needs for first-time homebuyers.

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Development Government Finance Design 243

Appraisal Buzz

NOVEMBER 25, 2024

Approximately 1.67 million mortgages secured by residential property (1–4 units) were granted in the U.S. in Q3, according to ATTOM ‘s third-quarter 2024 U.S. Residential Property Mortgage Origination Report. This resulted in modest 1.9% yearly and quarterly growth. The increase was the second consecutive quarterly rise, which hasn’t happened in almost three years.

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Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have announced they will extend housing access in rural underserved markets, enhance their support for manufactured housing, and continue to address liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA). As required under two separate regulatory frameworks, FHFA published plans that discuss Fannie Mae and Freddie Mac (GSE) initiatives to advance equitable access to affordable and s

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Housing Wire

NOVEMBER 25, 2024

The current start-stop cycle facing American homebuyers and sellers shows no sign of relenting. The cycle continued in May, as inflation eased more than expected, dropping to 3.3% from the 3.4% annual increases seen in March and April. These positive signs were followed by a long-awaited dip in mortgage rates, which fell for four consecutive weeks through the end of June.

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Appraisal Buzz

NOVEMBER 25, 2024

Rate has announced the addition of Jesse Q. Allen as President of its Reverse Mortgage Division, and Greg Pahel as EVP Consumer Direct Reverse Lending. Together, Allen and Pahel will lead Rate’s efforts to expand its reverse mortgage business, catering specifically to homeowners aged 55 and above. These appointments underscore Rate’s commitment to enhancing financial solutions tailored to the unique needs of this demographic, empowering them to leverage their home equity for a more comfortable a

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Mortgage Lending Loan Officers Retail 221

Housing Wire

NOVEMBER 25, 2024

After spending their entire career in the “accumulation” phase of wealth building, retirees who then have to transition into the “decumulation” phase — spending down their assets with no additional employment income — is a source of stress for nearly half of American retirees. This is according to a study conducted by the Alliance for Lifetime Income.

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Finance 195

Appraisal Buzz

NOVEMBER 25, 2024

Zillow is predicting a more active housing market in 2025 , but those hoping to buy — or even refinance — should buckle up for a bumpy ride and be ready to move when conditions are right. “Buying a home in 2024 was surprisingly competitive given how high the affordability hurdle became,” says Skylar Olsen, chief economist for Zillow, in a statement.

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Housing Wire

NOVEMBER 25, 2024

With relentlessly high mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the U.S. is now back up above the 2023 and 2024 levels for the first time since August. Affordability is getting worse for homebuyers this fall. That does not bode well for home sales in the new year. We saw two signals that buyers are backing off in the face of mortgage rates.

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New Listings Inventory Sellers Contracts 195

Appraisal Buzz

NOVEMBER 25, 2024

The Future Of AI Risk and Compliance Navigating the Evolving Landscape of AI Artificial intelligence is transforming industries at a breakneck pace, promising efficiency, innovation, and cost savings. However, with these advancements come challenges that organizations must address to integrate AI responsibly. In this episode of the MP Access Show, Robert Wilson, VP of Experience at Five Star, sits down with Alec Crawford, Founder and CEO of Artificial Intelligence Risk, Inc., to discuss how busi

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Government Business Tools Technology 195

Real Estate News

NOVEMBER 25, 2024

Industry insiders quickly weighed in on the agency’s Sunday filing, which suggested that the settlement won’t protect NAR from future antitrust action.

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Appraisal Buzz

NOVEMBER 25, 2024

According to a new survey from the National Association of Realtors (NAR), in 2024, Realtors indicated that their recent clients choose to move to a certain area mostly to acquire more home for the money (21%), and to be closer to family and friends (30%). While the U.S. Census Bureau ‘s data on where and how many Americans are moving is readily available, NAR’s 2024 Migration Trends report examines the factors that influence and quantify the reasons behind the relocation of Realtors’ clients ac

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Real Estate News

NOVEMBER 25, 2024

Consolidation has become common in residential real estate as MLSs, teams and brokerage companies strive to win by leveraging economies of scale.

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Brokerage Real Estate 174

Appraisal Buzz

NOVEMBER 25, 2024

Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency (FHFA), regulator of the GSEs, has announced. This time around, the government-sponsored enterprises (GSEs) plan to expand their focus on rural communities, among other activities.

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Finance Government Housing Market Development 195

Real Estate News

NOVEMBER 25, 2024

Do more than a third of consumers really prefer private listings? The answer is not so simple, says the CEO of 1000watt, which produced the report.

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Appraisal Buzz

NOVEMBER 25, 2024

Jenn Stears has joined Kind Lending as the branch manager of its latest branch located in Daytona Beach, Fla. Stears has been a prominent figure in the mortgage industry for 24 years, during which she has successfully assisted thousands of homeowners in achieving their dreams. Her passion for the industry stems from her desire to help people. Stears has worked as a processor, underwriter, LOA, LO, and branch manager all within the broker, wholesale lender and retail lender space – providing her

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Lending Retail Clients Mortgage 195

Appraiserblogs

NOVEMBER 25, 2024

The situation surrounding Accurate Group’s appraiser selection practices sheds troubling light on the concerning tactics that many Appraisal Management Companies (AMCs) employ in their pursuit of the lowest possible fees. The inadvertent disclosure of an internal file from Accurate Group has provided a rare window into the dubious inner workings of this AMC, revealing a clear pattern of unethical practices that prioritize cost-cutting over fairness, transparency, and the selection of the m

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Inman

NOVEMBER 25, 2024

Ahead of a final Nov. 26 approval hearing on NAR's proposed class-action settlement, DOJ lawyers narrowed in on a provision requiring written agreements between buyers and agents before tours.

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Buyers Agents Real Estate Brokerage 112

Eyes on Housing

NOVEMBER 25, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has generally disappointed since the Great Recession. However, there was a noticeable uptick for this type of housing construction in the most recent data.

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Construction Development 83

Inman

NOVEMBER 25, 2024

Some parents enjoy having children involved in the decision-making process of buying a home by accompanying them on showings. But is it worth the risk? One Utah-based Realtor says no.

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Realtors Insurance Buyers Agents 95

Eyes on Housing

NOVEMBER 25, 2024

An expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended.

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Construction 78

Inman

NOVEMBER 25, 2024

This year has been tough on real estate. But investors think several major companies have done enough to boost their standing — and box out key competitors.

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Housing Market Real Estate Investors Marketing 95

GoForrmz

NOVEMBER 25, 2024

“ At least one business unit has already recovered and saved around half a million dollars because they were able to document the condition of how heavy construction equipment showed up on their job site, and refute unnecessary charges. ” — Lisa Gladstone, Owner, Encompass Technology About Encompass Technology Encompass Technology is a consulting firm consisting of IT professionals committed to devising, implementing, and supervising technology solutions for clients.

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Technology Clients Construction Business 78

Inman

NOVEMBER 25, 2024

The newly launched affiliated title agency will streamline closings and increase efficiency for The Agency's New York-based clients and agents, the brokerage told Inman.

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Brokerage Clients Agents Lending 87

BiggerPockets

NOVEMBER 25, 2024

Would you spend thirty hours finding a deal if it could make you over $100,000? Of course you would!

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Investors Real Estate 64

Inman

NOVEMBER 25, 2024

Floyd Mayweather Jr. will assume the majority of Eli Gindi's interest in the mansion, located at 1116 Ocean Drive, for an undisclosed amount, according to sources.

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BiggerPockets

NOVEMBER 25, 2024

The work-from-home phenomenon—incorporated during and after the pandemic—may be ending as more companies demand that workers return to the office. That’s good news for both corporate and residential landlords.

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Real Estate Landlords Investors 44

Inman

NOVEMBER 25, 2024

While portals spend billions to win their wars, Mike DelPrete questions whether it's possible for anyone to win on the ultimate metric: revenue.

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BiggerPockets

NOVEMBER 25, 2024

High interest rates have devastated commercial real estate markets from 2022-2024. Rampant inflation drove the Federal Reserve to hike interest rates 11 times between early 2022 to mid-2023.

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Real Estate Investing Marketing 40

Inman

NOVEMBER 25, 2024

The portal wars in the UK are heating up, as CoStar-owned portal OnTheMarket (OTM) fights accusations of using "misleading" traffic data to dethrone competitor Zoopla as the second-most trafficked home search site in England, Scotland, Wales and Northern Ireland.

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BiggerPockets

NOVEMBER 25, 2024

Did economic sentiment decide the 2024 presidential election? For many Americans, the economy was top of mind when deciding who to vote for in this past election.

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Housing Market Marketing 40