Housing Wire

MARCH 1, 2024

By and large, homeowners who are 60 and older love where they live and have a preference to age in place. They may also see the equity in their homes as a “financial reserve” and are generally confident in their retirement plans, but they are far less interested in employing their home equity in retirement. This is according to Doug Duncan, chief economist at Fannie Mae , in a new blog post that explores the homeownership patterns of older Americans.

Government 488

Government Mortgage 488

Real Estate News

MARCH 1, 2024

C21 President and CEO Mike Miedler says growth is more than numbers, it’s creating opportunities for the future — and being “ready, willing and able to grow.

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Housing Wire

MARCH 1, 2024

The U.S. Department of Agriculture (USDA) announced on Friday that it has lowered the interest rates for its single-family housing (SFH) direct home loan programs as of March 1, according to an email update sent out earlier this week. Section 502 SFH Direct rates are now 4.5%, SFH non-program rates are now 5% and Section 524 rural housing site loans now have a 4.5% rate.

Design 488

Design Construction Development Mortgage 488

Real Estate News

MARCH 1, 2024

A Realtor.com survey of new home buyers reveals who is buying and what they want from real estate agents — their advocates in the purchase process.

Buyers 298

Buyers Agents Real Estate Agent Construction 298

Housing Wire

MARCH 1, 2024

Last year was a tough one for the Indiana real estate market. “Sales from 2022 to 2023 were down 14%,” Mark Fischer, the CEO of the Indiana Realtors Association , said. “We were up year over year in inventory , but we were at a 25 year low on new listings.” But as the calendar flipped to 2024 and as we inch closer to the spring selling season, Fischer said things have started to pick up.

Housing Market 468

Housing Market Marketing Inventory Construction 468

Real Estate News

MARCH 1, 2024

CoreLogic promotes Kevin Greene to real estate GM; BHGRE appoints Karrie-Ann Sheppard as VP of Learning; Realtracs creates 3-member advisory board.

Real Estate 261

Real Estate 261

Inman

MARCH 1, 2024

Worries about commercial real estate are making jumbo mortgages costlier, since regional banks are a major provider of loans that are too big for Fannie Mae and Freddie Mac.

Real Estate 190

Real Estate Mortgage Lending 190

Housing Wire

MARCH 1, 2024

It is no secret that there is a housing affordability challenge in the U.S. According to the National Association of Realtors ’ (NAR) Housing Affordability Index , since spring of last year, a typical family with a median income have not been able to afford a median-priced home. While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry.

Insurance 464

Insurance Property Taxes Real Estate Sellers 464

Inman

MARCH 1, 2024

In December, a Pulsenomics panel of more than 100 housing experts expected homes to appreciate by 2.4 percent in 2024. Now they're predicting prices will go up by 3.8 percent.

Inventory 187

Inventory Mortgage Marketing 187

Housing Wire

MARCH 1, 2024

Mortgage trade groups have commended the moves taken by the Federal Housing Finance Agency (FHFA) and the government-sponsored enterprises (GSEs) to address a spike in loan buybacks — the latest being a new electronic notification made available by Fannie Mae. But advocates also say more is needed to improve the loan repurchase process. On Feb. 24, Fannie Mae announced the addition of a “notice of potential defect” functionality to the latest version of its system Loan Quality Connect.

Construction 459

Construction Government Finance Mortgage 459

Inman

MARCH 1, 2024

The Federal Reserve's moves to trim $35 billion in mortgages from its balance sheet each month could keep mortgage rates from falling dramatically this year.

Mortgage 187

Mortgage Marketing 187

Housing Wire

MARCH 1, 2024

Kiavi , one of the nation’s largest private lenders for residential real estate investors , closed a $350 million unrated securitization of residential transition loans (RTLs), the company announced on Monday. The loans bundled in the securitization were mostly investment property loans used for fix-and-flip transactions. This securitization marked Kiavi’s 16th such transaction and elevated the company’s total issuance to more than $4 billion since it launched its securitization program in 2019

Investors 456

Investors Real Estate Technology Housing Market 456

Inman

MARCH 1, 2024

Agents should embrace client-centric approaches that include making their marketing materials about the client, trainer Bernice Ross writes.

Marketing 186

Marketing Clients Agents 186

Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. Loan officer Derek Daniel Bobadilla and the class members represented by Johnson & Johnson LLP claimed that they have never worked with Loan Factory, but the lender displayed their loan officer profiles on the “Find a Loan Officer” page of its website

Loan Officers 448

Loan Officers Law Brokerage Business 448

Eyes on Housing

MARCH 1, 2024

Over the past decade, use of the term “barndominium” (indicating a structure that is, in some sense, a combination barn and condominium) has become increasingly widespread in real estate media outlets. In fact, the term has become popular enough for NAHB to include a question about it in its survey for the February 2024 NAHB/Wells Fargo Housing Market Index.

Real Estate 183

Real Estate Housing Market Marketing 183

Housing Wire

MARCH 1, 2024

In a fiercely competitive market , mortgage originators need to rethink everything to gain market share and become savvy. From leveraging the latest in artificial intelligence (AI) and digital marketing to mastering financial literacy, mortgage and real estate professionals have come together to provide these skills to loan officers in a new book titled, “Rethink Everything: You ‘Know’ About Being A Next-Gen Loan Officer.

Loan Officers 447

Loan Officers Marketing Real Estate Design 447

Eyes on Housing

MARCH 1, 2024

NAHB analysis of Census data shows that private residential construction spending rose 0.2% in January 2024, the second month of gains in a row. It stood at a seasonally adjusted annual pace of $900.8 billion. The monthly increase in total construction spending is attributed to more single-family construction. Spending on single-family construction rose 0.6% in December.

Construction 183

Construction 183

Housing Wire

MARCH 1, 2024

Thomas Cangemi is stepping down as president and CEO of New York Community Bancorp (NYCB) following the company’s disclosure of internal control deficiencies and a goodwill impairment of $2.4 billion. Alessandro DiNello, appointed executive chairman of the board on Feb. 6, will replace Cangemi, effective immediately. DiNello was the president and CEO of Flagstar Bancorp , a bank recently acquired by NYCB.

Government 445

Government Mortgage Real Estate Finance 445

Inman

MARCH 1, 2024

The accessory dwelling unit startup launched in 2022 by an Airbnb cofounder announced this week that it is taking its manufacturing operations in-house.

Marketing 183

Marketing 183

Housing Wire

MARCH 1, 2024

Compass has added two top New York City agents, Tom Postilio and Mickey Conlon, to its roster, the company announced on Thursday. The pair joined Compass after spending almost nine years at Douglas Elliman , where they were founding members of the sports and entertainment division. Postilio and Conlon are known for their roles on Page Six TV’s “Billion Dollar Brokers” and on HGTV’s “Selling New York.” They boast a celebrity clientele. “We look forward to

Clients 445

Clients Agents Marketing Real Estate Agent 445

Inman

MARCH 1, 2024

ERA Real Estate President Alex Vidal writes that agents are the true heroes in real estate. Leaders need to understand that and support them if they want to get better results.

Real Estate 181

Real Estate Agents Brokerage 181

Housing Wire

MARCH 1, 2024

After attorneys made their cases for both the U.S. government and former Live Well Financial CEO Michael Hild regarding a restitution amount owed to the company’s creditors, a magistrate judge overseeing the issue has recommended that Hild pay more than $46 million. The final amount will be determined by the trial judge. The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank an

Government 444

Government Legal Fees Market Value Legal 444

Inman

MARCH 1, 2024

Two new cast members make their entrance in Season 2 of "Selling the Hamptons," which premieres on Max on Friday. Season 1 vets Bianca D'Alessio and Peggy Zabakolas told Inman the newbies are ready to ruffle some feathers.

Real Estate 173

Real Estate Brokerage Agents 173

BiggerPockets

MARCH 1, 2024

The beginning of 2024 has been a buzzkill for what many believed would be the beginning of federal interest rate cuts. Are we still on track for a summer cut, though?

Marketing 95

Marketing Real Estate 95

Inman

MARCH 1, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Contracts 172

Contracts Brokerage Agents 172

BiggerPockets

MARCH 1, 2024

Some pundits fear that a recession is likely to come due to factors that might not be as apparent as others. Here's what they're saying.

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Inman

MARCH 1, 2024

The Consumer Federation of America, an industry watchdog, says that the buyer agreements you're depending on are woefully inadequate to properly protect homebuyers.

Buyers 172

Buyers Clients Brokerage Agents 172

BiggerPockets

MARCH 1, 2024

I moved around a lot when I was younger.

Real Estate 91

Real Estate 91

Inman

MARCH 1, 2024

In a market where agents must be expense-averse, Jimmy Burgess writes, generating leads that only have an expense if money comes in can make a lot of sense.

Agents 163

Agents Marketing 163

BiggerPockets

MARCH 1, 2024

Without risk, there's no path to an extraordinary life. Here's what you should do instead.

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91

Inman

MARCH 1, 2024

Whether your lead gen leans into cold calls, direct mail, door knocking or portals, Bernice Ross talks to REDX CEO Curtis Fenn to find out what changes are afoot.

Agents 146

Agents Marketing 146

Mortgagebroker News

MARCH 1, 2024

Much-maligned program axed

Government 90

Government Buyers 90

Inman

MARCH 1, 2024

Change always brings chaos and disruption, broker Cara Ameer writes. While many of these issues have been lurking in the background before we knew what Sitzer | Burnett was, they illustrate the work that remains to be done.

Buyers 146

Buyers Brokerage Agents 146

Mortgagebroker News

MARCH 1, 2024

Activity has picked up even before expected rate cuts arrive

Housing Market 80

Housing Market Marketing 80