Housing Wire
FEBRUARY 21, 2025
Mortgage rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily , mortgage rates are now around 6.89%. This represents a decline of 0.37% from the most recent high of 7.26%, which was recorded on Jan. 13.
Appraisal Buzz
FEBRUARY 21, 2025
Millennials are increasingly pessimistic about homeownership. Only 21% of millennials believe their generation can afford to buy homes in 2025, a steep drop from 52% in 2024, according to research from Real Estate Witch , a publication owned by Clever Real Estate. The median U.S. home price is hovering around $420,000, but 68% of millennial buyers are targeting homes priced under $400,000 in 2025a notable rise from 57% in 2024.
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Housing Wire
FEBRUARY 21, 2025
Annual rent growth for single-family homes remained sluggish in December 2024, with prices rising 1.8% year over year, according to the newest Single-Family Rent Index from CoreLogic. While this marks a slight uptick from Novembers 1.5% growth rate the lowest in 14 years it is still below the 2.5% increase recorded in December 2023. The modest gains reflect a continuing slowdown in the rental housing market, which has struggled to regain momentum after surging demand in previous years.
Appraisal Buzz
FEBRUARY 21, 2025
Lease-purchase arrangements are receiving renewed attention from legislators looking for ways to make homeownership more accessible, and theyre a great way to help buyers who cant qualify for a traditional mortgage or pony up the money needed for a down payment. But that doesnt mean there arent risks involved for potential purchasers. The Pew Charitable Trusts decided to investigate the pros and cons of what can be an invaluable tool for some potential homeowners.
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Housing Wire
FEBRUARY 21, 2025
In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. Longbridge Financial largely sees that dynamic as one that is likely to continue, according to CEO Chris Mayer. In an interview with HousingWire s Reverse Mortgage Daily (RMD), Mayer said there is momentum on the side of the reverse mortgage industry to further bolster these partnerships in 2025.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
FEBRUARY 21, 2025
The stagnant housing market has made it difficult for brokerages and franchises to grow, but one of the more effective ways to do so in the current environment is to add more agents. Thats bad news for RE/MAX s business in the U.S. During the companys fourth-quarter earnings call on Friday, RE/MAX disclosed that its U.S. agent count dropped by 7% year over year to 51,286.
Appraisal Buzz
FEBRUARY 21, 2025
Existing-home sales fell to a seasonally adjusted annual rate of 4.08 million in January, down 4.9% compared with December but up 2.0% compared with January 2024, according to the National Association of Realtors (NAR). It was the fourth straight monthly year-over-year increase. The median existing-home sale price increased to $396,900, up 4.8% from January 2024.
Housing Wire
FEBRUARY 21, 2025
Another antitrust lawsuit related to the National Association of Realtors ‘ (NAR) three-way membership agreement is facing a motion to dismiss. On Thursday, the Pennsylvania Real Estate Commission , which is a defendant in the Moore suit, filed a motion to dismiss for lack of jurisdiction and/or failure to state a claim. The motion was written by Pennsylvania Attorney General David W.
Appraisal Buzz
FEBRUARY 21, 2025
The January 2025 Home Price Index (HPI) study was released today by First American Data & Analytics, a branch of First American Financial Corporation. The report includes metropolitan pricing tiers that divide sale transactions into starter, mid, and luxury tiers, and it follows changes in home prices at the national, state, and metropolitan (Core-Based Statistical Area) levels less than four weeks behind real time.
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Housing Wire
FEBRUARY 21, 2025
The Mortgage Bankers Association (MBA) has revised its previous 2025 mortgage forecast, raising its projection for purchase originations while trimming projections for refinances from its January forecast. Its updated forecast, released Feb. 19, put this year’s total origination volume at a projected $2.055 trillion, up slightly from January’s $2.052 trillion forecast.
Inman
FEBRUARY 21, 2025
There's a lot of information out there, and your sellers may be struggling to make sense of the market. Darryl Davis offers ideas for talking clients through their biggest objections and helping them make the right decisions.
Housing Wire
FEBRUARY 21, 2025
Existing-home sales started the year on a down note, dropping 4.9% month over month to a seasonally adjusted annual rate of 4.08 million in January, according to data released Friday by the National Association of Realtors (NAR). Despite the monthly decrease, existing-home sales were up 2% compared to the same month last year, marking the fourth consecutive month of annualized increases.
Inman
FEBRUARY 21, 2025
This week at Keller Williams' Family Reunion, Gary Keller forecast significant market headwinds in 2025. How can you prepare and flourish no matter what happens next?
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Real Estate News
FEBRUARY 21, 2025
HUD Secretary Turner is just getting started, with disaster relief, rental assistance and fair housing at risk. Plus: CFPB remains in limbo, FHA faces cuts.
Housing Wire
FEBRUARY 21, 2025
InGenius , a data provider for the mortgage and real estate industries, has appointed industry veteran Sue Woodard as its chief customer officer. Woodard, a senior adviser at STRATMOR Group , brings more than 30 years of experience in financial services and mortgage lending. She will continue her advisory role at STRATMOR while taking on her new position at InGenius.
Real Estate News
FEBRUARY 21, 2025
While down sharply from December, sales are off to a better start vs. 2023 and buyers who can handle elevated rates have fresh inventory to choose from.
Eyes on Housing
FEBRUARY 21, 2025
After three months of increases, existing home sales retreated in January from the 10-month high last month, according to the National Association of Realtors (NAR). Sales continued to be suppressed by higher mortgage rates, which remained above 6.5% despite the Fed cutting rates by 100 basis points last year. The persistent high mortgage rates largely.
Real Estate News
FEBRUARY 21, 2025
CEO Erik Carlson announced a $5.5 million deal to settle Canadian commissions cases and a profitable end to 2024. Now RE/MAX aims to stabilize U.S. agent count.
Housing Wire
FEBRUARY 21, 2025
Fidelity National Financial (FNF) delivered a strong earnings report in the fourth quarter of 2024, increasing its companywide net earnings for the full year and showing positive Q4 results for its title insurance segment. FNFs adjusted net earnings were $366 million in the fourth quarter, compared to $204 million in Q4 2023. For the full year, adjusted net earnings reached $1.3 billion, up from $962 million in 2023.
Real Estate News
FEBRUARY 21, 2025
The firm said homes initially listed privately sold faster and for a higher price, supporting its position that sellers should decide if or when to use the MLS.
Appraisal Buzz
FEBRUARY 21, 2025
Zombie foreclosures continue to represent a mere sliver of all residential properties undergoing foreclosure proceedings, according to ATTOMs first-quarter 2025 Vacant Property and Zombie Foreclosure Report. As of February, only about 1.4 million (1,372,396) residential properties or 1.3% of all homes in the nation were sitting vacant. Thats flat compared with the fourth quarter of last year and up slightly from a year ago.
Inman
FEBRUARY 21, 2025
Existing-home sales dropped in January, as high mortgage rates and rising home prices continued to squeeze buyers, according to the National Association of Realtors (NAR).Existing-home sales fell 4.9 percent in January to a seasonally adjusted rate of 4.08 million.
Appraisal Buzz
FEBRUARY 21, 2025
Rhiannon Bolen recently joined GridBase , a Grid151 company,as senior vice president, national sales director. Bolen is known as a trusted advisor in the mortgage industry, having served in various capacities in business to business outside sales and sales leadership roles for close to 25 years, GridBase says in a release. As an enterprise level sales leader at regional and national levels, her focus has always been to support her clients or teams objectives, assist them in navigating the mortga
Inman
FEBRUARY 21, 2025
Airbnb co-founder Joe Gebbia has pledged to work for the Department of Government Efficiency. Airbnb hosts aren’t happy about it.
Appraisal Buzz
FEBRUARY 21, 2025
Informative Research , which offers verification solutions geared for mortgage lenders, has enhanced its integration with Freddie Macs Loan Product Advisor (LPA) asset and income modeler (AIM). The enhancement enables LPA to assess income and employment for eligibility of representation and warranty relief for lenders using AccountChek for automated verification of income and employment (VOIE) across a broad range of supported payroll providers.
Inman
FEBRUARY 21, 2025
Tune in to Inman Access to learn more about the current and future potential of artificial intelligence tools for real estate agents.
BiggerPockets
FEBRUARY 21, 2025
If the last two years in financial markets were a movie, theyd be a mix of The Wolf of Wall Street (euphoria), Final Destination (impending doom), and Groundhog Day (rates […]
Inman
FEBRUARY 21, 2025
Rather than telling your clients what you think they want to hear, Bernice Ross writes, ask the right questions, and get them talking about what matters most to them.
Mortgagebroker News
FEBRUARY 21, 2025
Expert notes homeownership becomes tougher, despite stable borrowing costs
Inman
FEBRUARY 21, 2025
The newly renovated 5,200 square foot brownstone has become the priciest townhouse without parking to have ever sold in Cobble Hill. Abigail Palanca and Ryan Serhant of SERHANT. repped the listing.
Mortgagebroker News
FEBRUARY 21, 2025
Mortgage giant will be the only mortgage brokerage promoted at RE/MAX franchise events
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