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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
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.
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.
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.
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.
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.
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.
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.
Beginning in 2025, local agents will have the option to join a new Realty One subsidiary and become members of MLS Choice, a new low-cost membership type provided by Phoenix Realtors, without having to be Realtor association members.
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.
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.
Realty ONE Group is letting agents decide if they want to renew their National Association of Realtors (NAR) membership. In an announcement on Tuesday, the brokerage company said that it has created a program that allows agents in eight metro areas in Arizona to choose whether or not they affiliate with NAR. Starting on the first of the year, Realty ONE agents in Arizona can choose to keep their NAR membership or join Realty ONE Group AZ , a newly established subsidiary of Realty ONE Group, Inc.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Move's counsel filed a Notice of Removal on Tuesday to move the class action suit against it from state to federal court. The lawsuit claims Move knowingly sold unvetted and fraudulent leads to agents through its network.
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.
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.
Jamie Miller shares verbal and non-verbal communication techniques with trainer Bernice Ross that are designed to inform, inspire and create connections with clients.
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.
Ohio-based credit union service organization (CUSO) partners with mortgage technology providers to help credit unions originate, underwrite and service conventional and government-backed mortgages.
The brief and unseasonal spurt in October activity across the Seattle/King County residential real estate market ended abruptly last month. November new listings fell by about half of the previous month’s rate while home prices saw a welcome decline. Even with mostly lower prices, affordability remains the biggest challenge for buyers as mortgage interest rates climbed toward 7%.
Mrs. Claus' dream kitchen features a custom black and brass Lacanche French range, Denali quartzite countertops and pine-green cabinetry, perfect for baking Santa's cookies and preparing holiday feasts.
Amy Wallick Mentioned in Recent Boston.com Article December 10, 2024 – Amy Wallick , REALTOR out of the Lamacchia Realty Beverly office and President of the Massachusetts Association of REALTORS , was mentioned in a recent Boston.com article. The article provides insights and expert advice from industry professionals, including Amy, on the unique challenges and opportunities of buying and selling a home during the winter months, particularly for those living in New England.
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.
Just hours after The New York Times released an expos on Monday in which it accused the National Association of Realtors (NAR) of covertly funneling funds to conservative groups through an affiliated nonprofit known as the American Property Owners Alliance (APOA), NAR fired back. In its article, the Times described the creation of the nonprofit as shadowy.
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.
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