Housing Wire
DECEMBER 5, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Are you looking to add a dose of inspiration, humor and expertise to your Instagram feed? From luxury property tours to laugh-out-loud real estate memes, these 21 agents and influencers bring the best of the industry right to your phone.
Appraisal Buzz
DECEMBER 5, 2024
The recent surge in immigration to the United States has ignited discussions about its potential effects on the housing market, particularly concerning housing costs. This conversation is especially pertinent amid an ongoing affordability crisis, where approximately half of renters are cost-burdened, and many individuals are being priced out of homeownership.
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Housing Wire
DECEMBER 5, 2024
Why most teams struggle to scale Scaling a real estate team to $100 million in production is a daunting challenge, but the biggest roadblock isn’t market conditions or competition — it’s outdated strategies. Many team leaders fall into the trap of simply working harder, hoping that hustle alone will create results. Without systems and processes that support consistent growth, teams often hit a plateau, leaving leaders frustrated and burnt out.
Appraisal Buzz
DECEMBER 5, 2024
ATTOM has released its latest Special Housing Market Impact Risk Report , a study examining county-level housing markets around the U.S. that are more or less vulnerable to declines, based on home affordability, equity, and other measures in the third quarter of 2024. The report shows that California, New Jersey, and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix.
Housing Wire
DECEMBER 5, 2024
As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital. Per a release from the companies, Blue Owl’s alternative credit strategy funds will purchase up to $350 million of home equity investments.
Appraisal Buzz
DECEMBER 5, 2024
Down payment shares peaked early this year, in Q2 2024 versus the normal Q3 trend, according to Realtor.coms bi-annual down payment report. Nationwide, down payments in Q3 of 2024 averaged 14.5% with a median down payment of $30,300, down from Q2 2024s historical peak of 14.9% and $32,700. Overall, 2024 was down year-over-year as easing mortgage rates improved affordability conditions.
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Real Estate News
DECEMBER 5, 2024
Purchase applications and home tours are on the rise as rates drop to the lowest level in six weeks.
Housing Wire
DECEMBER 5, 2024
An analysis of data from the U.S. Department of Housing and Urban Development (HUD) and U.S. Census Bureau over a five-year period shows that prices for manufactured homes have risen by nearly 60% as the nation continues to contend with a housing affordability crisis that stems in part from a shortage of sufficient inventory. The study from LendingTree found that the average price of a new manufactured home sold in the U.S. increased by 58.34% between 2018 and 2023.
Appraisal Buzz
DECEMBER 5, 2024
Mortgage rates decreased for a second straight week, as the average rate for a 30-year fixed-rate mortgage fell to 6.69%, down from 6.81% last week, according to Freddie Macs Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 7.03%. This week, mortgage rates decreased to their lowest level in over a month, says Sam Khater, chief economist for Freddie Mac, in a statement.
Housing Wire
DECEMBER 5, 2024
Editor in Chief Sarah Wheeler sat down with Divya Aathresh, founder and CEO of MaxHome.AI , to talk about the startup’s goals and how using artificial intelligence to solve real estate’s back-office problems will free up agents to do what they love best. Sarah Wheeler: You founded MaxHome.AI in January. What stage is the company in right now? Divya Aathresh: We are still very early, in the pre-seed stage.
Appraisal Buzz
DECEMBER 5, 2024
Texas, Louisiana, Nevada, Kentucky and Florida are the top five states where Americans are struggling the most with their debt, according to a WalletHub study. As of the end of the third quarter, approximately 7.8 million Americans were late on their payments on at least one of their credit accounts, according to the report, titled States With the Most People in Financial Distress.
Housing Wire
DECEMBER 5, 2024
Rocket Mortgage , the third-largest U.S. mortgage lender, is suing the U.S. Department of Housing and Urban Development (HUD), alleging the agency is “unfairly” holding the company accountable for the actions of an independent appraiser in a 2021 case. The lawsuit was filed Wednesday in U.S District Court in Colorado. A HUD spokesperson did not immediately respond to HousingWire ’s request for comments.
Appraisal Buzz
DECEMBER 5, 2024
Voxtur Analytics Corp. , a provider of real estate technology solutions, is now integrated with MeridianLink Inc. , a provider of software platforms for financial institutions and consumer reporting agencies. Through the partnership, Voxtur has become a single-integration company, offering clients access to its suite of real estate technology products and services through a single point of entry on the OneVoxtur platform.
Housing Wire
DECEMBER 5, 2024
A bill aimed at limiting the use of credit trigger leads was excluded from the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA), the Broker Action Coalition informed its members on Wednesday. However, the group assured members that a backup strategy is already in place. “This bill, along with a slew of other provisions, were stripped out of the current version of the NDAA package,” which means that the “Trigger Lead Bill is unlikely to pass this year,” executives at the trade
Appraisal Buzz
DECEMBER 5, 2024
Chandra Srivastava has been promoted to chief revenue officer (CRO) at Calque , a fintech company providing buy before you sell solutions for established mortgage lenders. Srivastava has been with Calque since its inception as a founding member and has played a pivotal role in its growth and success. In her new role as CRO, Srivastava will oversee the companys revenue streams, develop partnerships, and ensure the continued expansion of Calques innovative buy-before-you-sell programs, The Trade-I
Housing Wire
DECEMBER 5, 2024
A recent study authored by researchers at Johns Hopkins Universitys Bloomberg School of Public Health suggests that the integration of health, social services and community-based support systems must be improved to better accommodate the desires of older Americans to age in place in their homes. By 2034, Americans ages 65 and older will outnumber those under the age of 18 for the first time in U.S. history.
Inman
DECEMBER 5, 2024
Tune into Inman Access to elevate your skills and refine your video marketing strategy to grow income, leads and credibility.
Housing Wire
DECEMBER 5, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. For decades, referrals have been the backbone of a real estate agents business. But in an era where nearly everything begins with a Google search, the way buyers connect with agents has changed dramatically. According to the Zillow Consumer Housing Trends Report, released in October, a full 37% of buyers found their agent online compared to only 31% who c
Eyes on Housing
DECEMBER 5, 2024
House prices posted modest annual growth for the third quarter of 2024, as elevated mortgage rates kept many potential home buyers away from the housing market. Nonetheless, housing inventory has improved in recent months. Nationally, house price appreciation has decelerated for two straight quarters. According to the quarterly all-transactions House Price Index (HPI) released by.
Housing Wire
DECEMBER 5, 2024
Highlands Residential Mortgage announced that Daniel McCoy is joining the company as a regional construction loan manager for the Southeast. Daniel McCoy McCoy leads the construction-focused McCoy Mortgage Team , which has previously affiliated with companies like MVB Mortgage , Intercoastal Mortgage and Cardinal Financial. The lending executive’s reviews on Zillow reflect stellar performance in North Carolina. “They certainly EARNED my business and I wouldn’t consider working
Inman
DECEMBER 5, 2024
New commission rules offer brand new opportunities for working with buyers. California broker Cindi Hagley offers ways to embrace change and prosper.
Housing Wire
DECEMBER 5, 2024
With high home prices and rising interest rates hitting the 2024 housing market, many homeowners chose to “lock in“ to their homes. But those who decided to move went to states you might not have guessed — and for reasons you might not expect. Leading national moving company Atlas Van Lines conducted two surveys to analyze interstate moving trends in 2024.
Inman
DECEMBER 5, 2024
As part of its defense in an appraisal bias lawsuit, Rocket claims the government is requiring lenders to grant appraisers independence, and then holding them liable if those appraisers engage in discrimination.
Housing Wire
DECEMBER 5, 2024
Move Inc. and CoStar are back at their battle stations as CoStar and James Kaminsky , the employee at the center of the companies’ legal fight, filed their replies to Move’s second amended complaint on Tuesday. Move’s lawsuit alleges that Kaminsky, a former employee of Move-backed Realtor.com who now works for CoStar’s Homes.com , stole trade secrets from Move in order to fuel the rapid growth of Homes.com.
Inman
DECEMBER 5, 2024
Ahead of his second Inman Connect New York appearance this January, Eales dished on Clear Cooperation, housing affordability and the bright side of Realtor.com's ongoing feud with CoStar.
Housing Wire
DECEMBER 5, 2024
Compass created quite the buzz earlier this week when it announced its acquisition of Christies International Real Estate and @properties for a total of $444 million in cash and stocks. But executives say this move should not have come as a surprise. Robert [Reffkin] and Kalani [Reelitz] have shared on multiple earnings calls that M&A is going to be part of our strategy going forward, and one that we are really excited about, said Rory Golod, Compass president of growth and communications.
Inman
DECEMBER 5, 2024
The day after Compass announced its acquisition of Christie's International Real Estate and @properties, Christie’s International Real Estate Southern California owner Aaron Kirman said his brand will be unchanged.
Housing Wire
DECEMBER 5, 2024
UWM Holdings Corp. , the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UMW), announced Thursday its plan to raise $500 million in debt through a private offering of senior notes that mature in 2030. The company intends to use the proceeds to pay down outstanding amounts on its mortgage servicing rights (MSR) facilities and for general corporate purposes, according to filings with the Securities and Exchange Commission (SEC).
Inman
DECEMBER 5, 2024
Find out how this New York City team leader got his start in real estate and what he learned from his biggest client blunder.
Housing Wire
DECEMBER 5, 2024
Home Equity Conversion Mortgage ( HECM ) endorsements continued to decline in the 2024 fiscal year from a recent peak observed in 2022, while the HECM line of credit continued its dominance as a payment option. Single women were the single largest cohort served by the HECM program. This is according to program data from the Federal Housing Administration (FHA) as detailed in the agencys Annual Report to Congress, released in November.
Inman
DECEMBER 5, 2024
In the wake of NAR’s settlement and rule changes, now is the time to communicate confidently, get creative and position yourself as a knowledge broker, Buying Beverly Hills’ Jon Grauman writes.
Housing Wire
DECEMBER 5, 2024
In this week’s episode of the Power House podcast, Mr. Cooper CEO Jay Bray joins HousingWire president Diego Sanchez for a conversation centered on balanced servicing and origination activities in the mortgage space. The duo explore Mr. Cooper’s growth initiatives, artificial intelligence (AI) usage for revenue growth and the future of the mortgage business.
Appraisal Buzz
DECEMBER 5, 2024
Mortgage industry veteran Dean Kelker is retiring from his role as senior vice president and chief risk officer of SingleSource Property Solutions effective Dec. 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.
Inman
DECEMBER 5, 2024
The thing that's killing your real estate business, coach Ricky Carruth writes, is the way you've been programmed to think about leads.
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