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Employment in the Washington, D.C. housing market is anything but stable right now and residents are feeling it. According to D.C.’s Department of Employment Services, nearly 12,000 federal employees have filed initial unemployment claims amid widespread cuts enacted by Elon Musk and his DOGE agency. We’re tracking the Washington D.C. housing market using weekly data from Altos, which includes more than 60 different data points on every metro area in the country, to see how employme
An examination of U.S. home prices by Redfin has found that the Midwest is home to three of the five metro areas where home prices are rising fastest. In Milwaukee, the median home sale price rose a record 20% year-over-year in February to $330,000the biggest jump among the 50 most populous metros. Milwaukee was followed by Detroit, Michigan (12.5%); Nassau County, New York (11.7%); San Jose, California (11.1%); and Cleveland, Ohio (10%).
With the National Association of Realtors ( NAR ) reportedly set to vote on the future of its Clear Cooperation Policy (CCP) in the not-too-distant future, the leader of Coldwell Banker Realty is not holding back her feelings about the controversial rule. In an op-ed published Wednesday by Newsweek, Coldwell Banker president and CEO Kamini Lane let loose about the potential repeal of CCP, which requires brokers to list a property on the MLS within 24 hours of publicly marketing it.
How important is flood insurance?Homebuyers who are lookingto purchasein a Special Flood Hazard Area (SFHA) may encounter challenges even after obtaining financing and getting ready to close because they cannot proceed without it. The National Association of Realtors (NAR) analyzes how the NFIP promotes and impacts local and national home sales and economic activity in a new report.
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.
Despite a drop in overall profitability in the fourth quarter of 2024, FOA, one of the nations leading reverse mortgage lenders, remains optimistic about the total addressable market for home equity-based retirement products and will continue to develop its offerings in 2025. This was some of the perspective shared this week by Kristen Sieffert , president of Finance of America (FOA) when the company presented its earnings results for the fourth quarter and full year.
For generations, attaining homeownership was considered the cornerstone of the American Dream. However, a new survey by Cortland suggests that perception is rapidly changing. Nearly half of American renters (43%) say renting has enhanced their quality of life compared to owning a home. Among these renters, the top reasons cited for their improved lifestyle include affordability (59%), location convenience (51%), and maintenance-free living (49%).
For generations, attaining homeownership was considered the cornerstone of the American Dream. However, a new survey by Cortland suggests that perception is rapidly changing. Nearly half of American renters (43%) say renting has enhanced their quality of life compared to owning a home. Among these renters, the top reasons cited for their improved lifestyle include affordability (59%), location convenience (51%), and maintenance-free living (49%).
The mortgage professional of the future goes beyond the transaction. Our mortgage industry is experiencing a fundamental shift. Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. As market conditions evolve, homebuyers demand more than just rate quotes and loan approvalsthey seek guidance, financial literacy, and a trusted partner in wealth-building.
Mortgage lenders took a loss of about $40 on each loan they originated in the fourth quarter down from a net gain of $701 per loan in the third quarter, according to the Mortgage Bankers Associations (MBA) Quarterly Mortgage Bankers Performance Report. Net production losses resumed in the fourth quarter of 2024 after two consecutive quarters of modest gains, says Marina Walsh, CMB, vice president of industry analysis for the MBA, in a statement.
Israeli startup eSelf AI has developed a technology that provides interactive AI real estate agents capable of answering questions and guiding prospective buyers through listings at any time. “We are not only a face that is moving and speaking while the agent responds to the user, but we also have sharing video and image capabilities,” eSelf AI co-founder and CEO Alan Bekker told Fox Business.
According to the recently released Quarterly Mortgage Bankers Performance Report by the Mortgage Bankers Association (MBA), independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in Q4 of 2024. This is a decrease from the reported net profit of $701 per loan in Q3 of 2024.
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.
There is an endless supply of real estate statistics out there, but what the heck do you do with all of them? Well, the old saying knowledge is power rings very true here. Stats are the fuel to the fire of the real estate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
Keeping sellers in the loop isnt just about providing updates, coach Darryl Davis writes. Its about reinforcing confidence and, more importantly, earning their trust.
Toronto-based TD Bank and Hicksville, New York-based Flagstar Bank have announced plans to shutter numerous branches across several states. TD Bank confirmed to American Banker that it intends to close 38 branches in 10 states and Washington, D.C. And a recent bulletin from the Office of the Comptroller of the Currency (OCC) show that Flagstar Bank is closing 24 branches in five states.
Following a series of moves by key White House leaders at the Office of Management and Budget (OMB) and the U.S. DOGE Service that are ostensibly designed to limit or dismantle the Consumer Financial Protection Bureau (CFPB), its former director appeared Friday morning on CNBC to discuss the upheaval while warning consumers about the risks of a diminished bureau.
Advocus National Title Insurance Co. has launched a new 1031 exchange service, allowing real estate investors to defer capital gains taxes when selling and reinvesting in like-kind properties. The service, offered through Advocus National 1031 Exchange LLC , is operated by Accruit , a qualified intermediary that specializes in 1031 exchanges. A 1031 exchange allows investors to reinvest proceeds from the sale of an investment property into another similar property without immediately incurring c
Watch the conversation with Sherry Chris as she talks about her new advisory role, how NARs CEO operates and the changes ahead at the national association.
Utah-based Inside Real Estate has acquired ListAssist , which provides artificial intelligence (AI)-powered search and marketing technology that’s designed to enhance the property search experience. Joe Skousen , CEO of Inside Real Estate, described the acquisition as a step toward revolutionizing how consumers search for homes. “We are thrilled to welcome ListAssist to the Inside Real Estate family and begin delivering this first-of-its-kind capability to our clients,” he said
Property insurance and home warranty provider announces four additions to its executive team to keep the momentum going after putting together two consecutive profitable quarters.
Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in Q4 2024, a decrease from the reported net profit of $701 per loan in Q3 2024. That’s according to the Mortgage Bankers Associations (MBA) Quarterly Mortgage Bankers Performance Report, released today.
Jimmy Burgess talks with team leader and managing partner Andrew Undem about his step-by-step, super-effective listing presentation and marketing proposal.
On the heels of a bombshell report by the Wall Street Journal that Compass is in “advanced talks” for an acquisition of Berkshire Hathaway HomeServices , Gino Blefari, HomeServices CEO, immediately sent out an email fervently denying the news. However, the rumor persists, particularly when you have The Wall Street Journal standing by the story.
HomeServices of America CEO Gino Blefari said Thursday night his company isn't in acquisition talks with Compass. Since then, the brokerage franchise network and Compass have been silent.
While its important to understand the unique challenges faced by older Americans in rural or suburban areas as they seek to age in place in their own homes, there can also be unique challenges for those seeking to age in place in urban parts of the country. This is according to a look at the hurdles faced by Philadelphia residents by the citys NPR and PBS affiliate, WHYY.
Mortgage Capital Trading (MCT) is now integrated with Fannie Maes new Loan Pricing API. By combining various price factors and utilizing a broader set of data found in bid tapes, the new API provides greater price transparency on certain loans. This is the latest in a series of recent collaborations between MCT and Fannie Mae intended to provide additional benefit and value to mortgage secondary market participants.
The market value of household real estate assets fell from $48.5 trillion to $48.1 trillion in the fourth quarter of 2024, according to the most recent release of U.S. Federal Reserve Z.1 Financial Accounts. Household real estate assets value have fallen for two consecutive quarters after peaking at $48.7 trillion in the second quarter of.
Jim Clapp, Chief Lending Officer at Assurance Financial, was recently quoted in National Mortgage News discussing the challenges of mortgage recruiting and the importance of ethical hiring practices. As mortgage recruiters ramp up efforts, many loan officers are tuning them out. Clapp believes the most effective way to recruit talent is through authenticity and long-term relationship-building.
Permits are off to a lower level to start the new year. Over the first month of 2025, the total number of single-family permits issued year-to-date (YTD) nationwide reached 73,115. On a year-over-year (YoY) basis, this is a decline of 3.7% over the January 2024 level of 75,906. For multifamily, the total number of permits.
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