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New home sales plummeted 10.5% in January compared with December to reach a seasonally adjusted annual rate of 657,000, according to the U.S. Census Bureau. Year-over-year, new home sales were down 1.1%. The median sales price of a new home sold in January was $446,300. The average sales price was $510,000. As of the end of the month, there were about 495,000 new homes available for sale in the U.S, about a nine month supply at the current sales rate.
The new search paradigm for real estate The introduction of artificial intelligence overviews is changing how users consume information online. Traditional top-of-funnel searches like “how-to” topics and basic informational queries now stem from AI-generated overviews on search result pages. And, AI overviews don’t just aggregate information randomly.
According to study data published by RentRedi , most American real estate investors intend to increase their portfolios and make large investments in renovating their existing properties in 2025, exhibiting a strong growth mindset. The poll, which was performed from November 722, 2024, found that 59% of U.S. RentRedi landlords intend to purchase real estate in 2025.
Baby boomers are retiring in greater numbers, with the oldest members of the generation poised to turn 80 years old in 2025. To that end, determining where they’re planning to live can be key for reverse mortgage professionals. A tabulation from SmartAsset in late 2024 that was recently distributed through a syndicated column shows some of the recent shifts being made by the baby boomer demographic.
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.
Despite ongoing challenges, such as rising energy costs, office vacancies, and economic uncertainty, commercial real estate (CRE) investors remain optimistic about the opportunities 2025 may bring. According to a TD Bank survey , industry professionals expect declining property values to spur renewed investment in the sector this year. The survey, which gathered insights from more than 200 CRE professionals, found that 76% believe dropping commercial property values will drive increased investme
A majority of U.S. real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from property management software provider RentRedi. The findings indicate strong confidence in the rental housing market, with landlords prioritizing long-term growth and profitability despite economic and regulatory challenges. he survey, conducted during a two-week period in November 2024, found that 59% of U.S. landlords plan to a
A majority of U.S. real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from property management software provider RentRedi. The findings indicate strong confidence in the rental housing market, with landlords prioritizing long-term growth and profitability despite economic and regulatory challenges. he survey, conducted during a two-week period in November 2024, found that 59% of U.S. landlords plan to a
Fannie Mae has announced its 2024 Servicer Total Achievement and Rewards (STAR) Program results , recognizing 29 mortgage servicers for competency, capability, and overall performance. For more than a decade, Fannie Maes STAR Program has awarded high-performing mortgage servicers for their loan volume and portfolio composition, and for demonstrating leading practices to improve the housing industry.
Telecom assets including macro towers and small cells have long served as a source of recurring revenue for real estate owners and landlords. When property owners agree to allow a carrier such as Verizon or AT&T to install a tower on their land or small cell on their building, the carrier and property owner enter into a long-term ground lease agreement.
Mortgage application volume decreased 1.2% during the week ended February 21, as the average rate for a 30-year fixed-rate mortgage fell to 6.88%, down from 6.93%, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances decreased 4% compared with the previous week but were up 45% compared with the same week one year ago.
Today, HousingWire announced the release of its latest round of subscription enhancements, equipping its audience with deeper insights and convenient features that continue to position industry professionals as experts. The updates include a customizable Housing Market Data tool that gives users the power to customize charts and data on the HousingWire site and a gifting tool that allows subscribers to share news and articles with people in their network without a HousingWire subscription.
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.
The Appraisal Subcommittee (ASC) plays a crucial role in overseeing the real estate appraisal profession, but how has it evolved over the years, and where is it headed next? In this episode, we sit down with Jim Park, former Executive Director of the ASC, to discuss his decades-long tenure, the challenges and successes of regulating the industry, and what the future holds for appraisers.
When reverse mortgage professionals from Australia and New Zealand made the long journey to San Diego last year to attend the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting and Expo, they were ready to learn about the core differences between the businesses in a different part of the world. What they found was a product type that had yet to reach their shores in the form of the Home Equity Conversion Mortgage (HECM) for Purchase (H4P).
Maverick Systems launched a year ago with the intent to help industry leaders better predict when agents might leave their office and who to target from market competitors.
Buyers, sellers and practitioners in the housing market pay close attention to the headlines that emerge from various changes in market activity, and sometimes those headlines can lead to fear. That fear trickles through to homebuyers and sellers, often leading them to stay on the sidelines. But paying closer attention to the data before it gets processed into headlines can actually serve as an antidote to fear, and looking more closely at the trends can illuminate what is driving those trends a
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.
Sales of newly built single-family homes declined during January, falling well below consensus estimates, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
Mortgage applications decreased by 1.2% from last week on a seasonally adjusted basis, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications survey for the week ending Feb. 21, 2025. On an unadjusted basis, the index decreased 4% compared with the previous week. The refinance index continued its declining streak and decreased 4% from the previous week, but was 45% higher than the same week one year ago.
Over the past four years, I have been subjected to a relentless, unjust investigation by the U.S. Department of Housing and Urban Development (HUD) not because of any wrongdoing on my part, but simply for conducting an honest, independent real estate appraisal. What began as a false racial discrimination claim by a disgruntled homeowner has now escalated into a coordinated effort to suppress evidence, manipulate legal records, and intimidate me into silence.
In a year when home sales hit a three-decade low, the nation's biggest mortgage lender made $96.1 billion in loans to homebuyers -- the company's best year ever.
Online marketplace Pacaso this week announced a partnership with The Agency to expand luxury home access in several markets. The deal will allow The Agency to offer Pacaso’s luxury home listings in all of its markets. The Agency currently operates in the U.S., Canada, Mexico, Europe, the Caribbean and Central America. Both companies will offer vacation homes in U.S. markets like Miami ; Aspen, Colorado ; Vail, Colorado; La Jolla, California ; Napa, California; and popular international mar
Homebuyers using bridgeMLS' search site can now virtually redesign rooms using Roomvo's Inspire tool. The tool includes preset design styles, wall and floor finishings, and decor add-ons.
The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has generally disappointed since the Great Recession. However, there was a noticeable uptick for this type of housing construction in recent data.
Origination platform Blend Labs has tapped income and employment verification provider Truework to create an integrated solution for lenders that enables faster borrower approvals and significantly broader income and employment coverage. Trueworks verification service is now embedded directly within Blends borrower and loan officer experience. This partnership comes at a crucial time for mortgage lenders looking to navigate housing market uncertainty with smarter origination solutions that reduc
New home sales decreased in January to a three-month low, as housing affordability continues to sideline potential home buyers. Mortgage rates are expected to remain above 6% throughout 2025, coupled with elevated home prices, creating a significant affordability challenge for both first-time buyers and those looking to upgrade. Sales of newly built, single-family homes in.
AI adoption is no longer optional for mortgage lenders who wish to stay in business in this challenging market. But many mortgage lenders dont know exactly how to proceed when it comes to implementing AI across their platforms and processes. To help them, STRATMOR Group has released an AI Roadmap that shows lenders how to leverage AI to enhance efficiency, ensure compliance, and improve the customer experience.
The company agreed to unspecified business practice changes and to make the payment to move forward from the commission lawsuits in Canada, which largely mirrored those filed in the U.S.
Going through a divorce is emotionally and financially challenging. One of the most significant aspects of a divorce settlement is the division of assets, and real estate often represents a substantial portion of those assets. A divorce appraisal is a crucial step in ensuring a fair and equitable distribution of property. Why is a Divorce Appraisal Necessary?
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