Housing Wire
DECEMBER 10, 2024
Foreclosure activity slowed slightly in November 2024, reversing a trend of rising foreclosures in October. But this decline may merely be a seasonal phenomenon, according to real estate data provider Attom. On Tuesday, Attom released its November 2024 U.S. Foreclosure Market Report. The report includes the total number of properties nationwide that have at least one foreclosure filing.
Appraisal Buzz
DECEMBER 10, 2024
Realtor.com has revealed its Top Housing Markets for 2025 , highlighting the areas ready for growth in the year ahead. This years list highlights markets characterized by moderately affordable homes, strong inventorymainly boosted by new constructionand a sizable base of younger families, many with military and international connections. According to Realtor.com, the top 10 markets for 2025 are concentrated in the South and West: 1) Colorado Springs, Colorado 2) Miami-Fort Lauderdale-Pompano Bea
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Housing Wire
DECEMBER 10, 2024
The housing market got some much needed relief in the fall when mortgage rates began to drop, but it was short lived. Despite two interest rate cuts by the Federal Reserve, mortgage rates rose again and remain stubbornly high. The turbulence in rates has trickled down to individual markets like Cincinnati, where real estate agents say they dont know what to expect from sale to sale.
Appraisal Buzz
DECEMBER 10, 2024
This article originally appeared in the December 2024 edition of MortgagePoint magazine, online now. Few, if any, industries in the world have experienced such dynamic shifts in recent years as the mortgage industry. Within that rapid evolution, the landscape of credit and verifications has also experienced a fundamental shift. Mortgage lenders are no longer restricted to traditional and often time-consuming processes that have historically bogged down the loan journey.
Housing Wire
DECEMBER 10, 2024
As we approach the end of the year and celebrate the holidays, lets not forget your organizations #1 asset. YOUR TEAM! I know the year hasnt been the greatest for our industry, or most industries for that matter. But if your company is still standing (Im still standing, yea yea yea – in my Elton John voice) better yet, thriving, then dont overlook the people that got you here.
Appraisal Buzz
DECEMBER 10, 2024
With mortgage rates elevated and the housing market evolving, many homeowners are choosing to update their current home rather than look for a new one. One aspect of this is borne out in a recent study from Nationwide , which shows that 51% of homeowners surveyed had completed a major home renovation project in the last two years. And yet, about that same amount failed to upgrade their insurance policies to protect their new investment.
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Housing Wire
DECEMBER 10, 2024
OneTrust Home Loans , a DBA of CalCon Mutual Mortgage LLC based in San Diego , Calif., announced this week the appointment of Gabe Bodner to the head of its 55-plus lending division which includes its reverse mortgage business. Bodner, a 20-year mortgage professional, previously served OneTrust as a VP and reverse mortgage planner. He also has experience in the space at companies including Fairway Independent Mortgage Corp. , and Cherry Creek Mortgage prior to its acquisition by Guild Mortgage.
Appraisal Buzz
DECEMBER 10, 2024
Mortgage credit availability decreased in November, falling 3.3% compared with October to a score of 95.9 on the Mortgage Bankers Associations (MBA) Mortgage Credit Availability Index (MCAI). Decreases in the index score indicate that lending standards are tightening, while increases in are indicative of loosening credit. The index was benchmarked to 100 in March 2012.
Housing Wire
DECEMBER 10, 2024
A welcome drop in 30-year conforming mortgage rates to the low-6% range led to a burst of refinance activity early in the fall, with more than 300,000 mortgage holders closing refinance transactions in September and October.Thats according to the December 2024 Mortgage Monitor report from Intercontinental Exchange (ICE). Homeowners pounced on their incentive to refinance as rates fell through August and September, Andy Walden, vice president of research and analysis at ICE, said in a statement.
Appraisal Buzz
DECEMBER 10, 2024
Dean Kelker, SVP and Chief Risk Officer, SingleSource Property Solutions Dean Kelker has announced that he will be retiring from his role as SVP and Chief Risk Officer of SingleSource Property Solutions , effective December 31. Kelker, who has nearly four decades experience in the real estate finance industry, spent more than a decade at SingleSource mentoring employees and contributing to the companys growth.
Housing Wire
DECEMBER 10, 2024
For Realty ONE Group , 2025 is poised to be a year of growth, but according to company chief operating officer and chief financial officer Mike Clear, that isnt anything out of the ordinary. We are a company that always tries to play offense, Clear said. We are always trying to grow and provide more for our agents and for all of our customers, whether that is on the brokerage side or the franchisee side, so we are always looking forward.
Appraisal Buzz
DECEMBER 10, 2024
Mortgage rate lock volume dropped 25% in November compared with October but was up 12% compared with November 2023, according to Optimal Blues Market Advantage mortgage data report. The month-over-month drop in lock volume came as interest rates hit their highest levels since early July, creating headwinds for affordability. Purchase lock volume was down 21% compared with October, Optimal Blue says.
Housing Wire
DECEMBER 10, 2024
In a new episode of the Real Estate Insiders Unfiltered Podcast, co-hosts James Dwiggins and Keith Robinson sit down with Austin Allison , co-founder and CEO of Pacaso , to explore housing market challenges, Pacasos co-ownership model and potential solutions to affordability issues. This conversation has been edited for length and clarity. To start the conversation, Allison explores Pacasos progress over the past five years since its launch.
Appraisal Buzz
DECEMBER 10, 2024
A total of 29,390 U.S. residential properties saw foreclosure filings default notices, scheduled auctions or bank repossessions in November, a decrease of 9% compared with October and down 5% compared with November 2023, according to ATTOMs latest U.S. Foreclosure Market Report. The slight decline in U.S. foreclosure activity during November most likely reflects the seasonal ebb we often see this time of year, says Rob Barber, CEO at ATTOM, in a statement.
Sacramento Appraisal Blog
DECEMBER 10, 2024
Real estate prices are going to tank. We’ve been hearing that since 2020, and here we are without much change in most markets. Let’s talk about prices today, and I want to share some new visuals to talk about distressed sales. Scroll quickly by topic or digest slowly. UPCOMING SPEAKING GIGS: 12/18/24 Coldwell Banker Sierra […] The post The home price crash that hasnt come first appeared on Sacramento Appraisal Blog.
Appraisal Buzz
DECEMBER 10, 2024
Mortgage refinance volume surged in September and October, as borrowers took advantage of rates in the low 6% range, ICE Mortgage Technologys Mortgage Monitor report shows. During that two-month period, more than 300,000 mortgage refinances closed, the most in 2.5 years, according to the report. Nearly 150,000 of those were rate/term refinances, with October marking the first time in three years that rate/term volumes outpaced those of cash-out refis.
Inman
DECEMBER 10, 2024
Ahead of a debate on the CCP at Inman Connect New York, the CEO of NextHome says whether sellers agree to hold their listing off of the MLS depends on the agent's influence.
Appraisal Buzz
DECEMBER 10, 2024
According to ATTOM s November 2024 U.S. Foreclosure Market Report, approximately 29,390 U.S. homes had foreclosure filings, such as default notices, scheduled auctions, or bank repossessions. This represents an estimated 9% decrease from the previous year and a 5% decrease from the previous month. The slight decline in U.S. foreclosure activity during November most likely reflects the seasonal ebb we often see this time of year, saidRob Barber, CEO at ATTOM.
Appraisal Buzz
DECEMBER 10, 2024
Vice Capital Markets , a mortgage hedge advisory firm for independent lenders, banks and credit unions, reports that it has added its 50th investor to its all-inclusive whole loan mortgage trading platform, Vice Execution Portal (ViceEx). The addition of the 50th investor enhances the platforms ability to deliver unmatched market access and execution flexibility for clients selling mandatory, including all agency executions, the firm says in a release.
Inman
DECEMBER 10, 2024
Bi-coastal broker Cara Ameer takes a look at the post-settlement landscape and wonders whether all the upheaval really helped anyone at all and why the "solution" is so complicated.
Inman
DECEMBER 10, 2024
Jamie Miller shares verbal and non-verbal communication techniques with trainer Bernice Ross that are designed to inform, inspire and create connections with clients.
Eyes on Housing
DECEMBER 10, 2024
In the third quarter of 2024, borrowers and lenders agreed, as they have over most of the past three years, that credit for residential Land Acquisition, Development & Construction (AD&C) tightened.On the borrowers side, the net easing index from NAHBs survey on AD&C Financing posted a reading of -12.0 (the negative number indicates credit was.
Inman
DECEMBER 10, 2024
Wealth manager Chris Snowden shares financial strategies for making the most of your real estate investments with Realtor Amy Chorew and CPA Maeda Palius.
Mortgagebroker News
DECEMBER 10, 2024
Inman
DECEMBER 10, 2024
Don't look at client objections as a challenge or insult, Nick Schlekeway writes. Use them as an opportunity to showcase your expertise and add value.
Mortgagebroker News
DECEMBER 10, 2024
Inman
DECEMBER 10, 2024
Stepping into the world as a brand-new agent might feel overwhelming, coach Darryl Davis writes, but it's important to remember that confidence is a skill that can be cultivated and honed.
Mortgagebroker News
DECEMBER 10, 2024
Inman
DECEMBER 10, 2024
Realtors are likely facing feelings of uncertainty as they attempt to grasp recent developments in the real estate industry. Compliance expert Summer Goralik helps unpack the latest.
Lamacchia Realty
DECEMBER 10, 2024
Diane Dabrowski of Charlton, MA Joins Lamacchia Realty December 3rd, 2024 With excitement, Lamacchia Realty announces that Diane Dabrowski has joined Lamacchia Realty and will continue to work out of her current office in Charlton. Diane is an exceptional REALTOR with over 30 years of experience serving Charlton and the surrounding areas in Central Massachusetts.
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