Housing Wire
MARCH 25, 2024
Last week was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing — both weekly and over last year. Home prices had a slight increase this week across the board. What does this means for home prices this spring? As the data comes in each week this year, I’ve been more optimistic about home sales volume growth than for home-price growth.
Appraisal Buzz
MARCH 25, 2024
The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2023 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the last three months of 2023, raising the total number of homeowners who have been helped to 6,905,703 since the start of conservatorships in September 2008.
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Housing Wire
MARCH 25, 2024
New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development ( HUD ). While this figure represents a 0.3% decrease from the revised January rate of 664,000 sales, it also marks a 5.9% rise from the February 2023 pace of 625,000 units sold.
Appraisal Buzz
MARCH 25, 2024
Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can discern the usage of the word as it was intended by the author. It can be easy to merely overlay our own current usages and connotations and miss the true meaning and intent of the author’s words.
Housing Wire
MARCH 25, 2024
Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. The company is withdrawing completely from offering commercial apartment policies — which impact multifamily property owners, not renters insurance policies — in California.
Appraisal Buzz
MARCH 25, 2024
The post Long as the dog likes me… appeared first on Appraisal Buzz.
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Appraisal Buzz
MARCH 25, 2024
Truv , a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter (DU) validation service. After final approval, which is expected later this year, Truv’s consumer-permissioned platform will be able to obtain and transmit income and employment data through the DU validation service, the company says in a release.
Housing Wire
MARCH 25, 2024
On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. Department of Veteran Affairs (VA) to expedite regulatory change that would allow veterans and active-duty service members to fund buyer’s broker commissions when purchasing a home with a VA mortgage.
Appraisal Buzz
MARCH 25, 2024
As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. Home Flipping Report. The firm’s data show that 308,922 single-family homes and condos in the U.S. were flipped in 2023 – down 29.3% from 436,807 in 2022 and the largest annual drop since 2008. The report further reveals that as the number of homes flipped by investors declined, so did flips as a portion of all home sales, from 8.6% in 2022 to 8.1% last year.
Housing Wire
MARCH 25, 2024
The current global market cap for “equity release” products, including reverse mortgages, could hit $50 billion by 2033, more than doubling its current size. This is according to a report compiled by the European Pensions and Property Asset Release Group (EPPARG), a trade association that represents European equity release companies. “The report gathers data from market leaders across 13 countries globally with established or developing equity release markets, and [analyzes] growth potential,” t
Real Estate News
MARCH 25, 2024
Tax time can be confusing for agents, but tracking mileage, making quarterly payments and hiring an accountant can pay off. A veteran CPA explains.
Housing Wire
MARCH 25, 2024
During a virtual open house hosted by Keller Williams to answer agent and broker questions about the settlements in the commission lawsuits , the overwhelming message was for real estate professionals to focus on what they can control. “ Don’t panic. Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday.
Real Estate News
MARCH 25, 2024
The class action case, brought by a former Keller Williams agent, argues that the brokerage doesn’t have the right to retroactively alter the program.
Housing Wire
MARCH 25, 2024
California-based multichannel mortgage lender HighTechLending appointed reverse mortgage industry veteran Brian Boccia to serve as a senior account executive in its third-party origination (TPO) channel. He joins the company after prior experience at companies like Mutual of Omaha Mortgage and Reverse Mortgage Funding (RMF). Aiming to keep in mind the financial difficulties that seniors may be facing, Boccia expressed a commitment to the reverse mortgage space and a need to understand senior pai
Real Estate News
MARCH 25, 2024
The inventory of new homes remains elevated, helping offset the low levels of available existing homes.
Housing Wire
MARCH 25, 2024
Today’s brokerage firms must rely on core services to make up for the low margins of the residential real estate practice. As part of the brokerage rankings, RealTrends collects the number of affiliated service transactions a firm does. These numbers, part of RealTrends Verified , are submitted by the firm but not subject to our verification system.
Real Estate News
MARCH 25, 2024
Nothing is changing yet, and when change does come, it won’t eliminate buyer agents or cooperative compensation. ‘‘No one can force you to work for free.
Housing Wire
MARCH 25, 2024
It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. ban of the short-form video app. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. The following year, the Maryland-based lender created an Influencer Division, appointing Betley as vice president and co-creator.
Inman
MARCH 25, 2024
Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses "misconceptions" about the NAR deal's impact and says Realtors who try to ignore the changes "will get left behind.
Housing Wire
MARCH 25, 2024
The Society for Advancing Business Editing and Writing (SABEW) announced the winners of the 2023 Best in Business Awards , honoring excellence in business journalism from 2023. HousingWire journalist Will Robinson won the Data Journalism category for his data reporting series on the seismic changes in the real estate industry. The series was published on HousingWire.com and the DataDigest newsletter, which was launched in 2023 in partnership with CoreLogic.
Inman
MARCH 25, 2024
Premier Sotheby’s International Realty President and CEO Budge Huskey corrects the record on commissions — and the potential impact of the NAR settlement on buyers, sellers and agents.
Appraisal Buzz
MARCH 25, 2024
Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which launched in October 2023. Designed by warehouse lenders and built with modern technology, the platform features APIs that enable seamless integrations and automated workflows with both internal and third-party vendors’ systems.
Inman
MARCH 25, 2024
Coldwell Banker's recent survey reveals key insights into homebuyer and seller attitudes, offering guidance for real estate professionals.
Appraisal Buzz
MARCH 25, 2024
Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition , a flexible per-loan pricing option for mortgage lenders. Floify Lender Edition is the counterpart to Broker Edition , a one-stop lending platform configured for the needs of mortgage brokers that was introduced in December 2023, the firm says in a release. Lender Edition is specifically designed to address the challenges faced by mortgage lenders, such as supporting best-in-class borrower experience, while maint
Inman
MARCH 25, 2024
You probably know Ryan Serhant and Josh Team pretty well, but how about the firm's female leaders who are helping to drive it to success?
Inman
MARCH 25, 2024
The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a "price-fixing combination.
Appraisal Buzz
MARCH 25, 2024
The Mortgage Collaborative has added mortgage technology firm Blue Sage Solutions to its roster, allowing the consortium to deliver the Blue Sage Digital Servicing Platform (DSP) to its members at preferred rates. Blue Sage’s DSP is a cloud-based system that provides all necessary functions to perform interim servicing. It revolutionizes mortgage operations through open API technology that seamlessly merges loan origination and servicing functions and is compliant at the federal, state and agenc
Inman
MARCH 25, 2024
Agent Aaron Hendon shares insights about how mindfulness and kindness can have significant impacts on your business and personal health.
Eyes on Housing
MARCH 25, 2024
A small rise in mortgage rates in February led to a flat reading for new home sales. Sales of newly built, single-family homes in February edged 0.3% lower to a 662,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The.
Inman
MARCH 25, 2024
New York City's worst landlord, Daniel Ohebshalom, was punched on Friday during an inmate brawl at Rikers. Ohebshalom was sentenced for failing to fix more than 700 housing violations.
BiggerPockets
MARCH 25, 2024
Wall Street buyers only make up a tiny percentage of the market, yet there's an entire campaign to place the blame on them.
Inman
MARCH 25, 2024
A few high-profile squatting cases have gone viral in recent days, but no available data actually indicates the practice of unlawfully occupying property has become more frequent.
BiggerPockets
MARCH 25, 2024
Is a 1031 exchange really worth it? That’s the question we asked ourselves as we ran property after property this month.
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