Housing Wire

DECEMBER 17, 2024

Mortgage applications for new-home purchases increased 7.2% year over year in November, according to data from the Mortgage Bankers Association ‘s (MBA) builder application survey that was released Tuesday. Applications decreased by 12% from October 2024. Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes , given affordability challenges and constrained existing inventory , Joel Kan , the MBAs vic

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Mortgage Marketing Inventory 390

Appraisal Buzz

DECEMBER 17, 2024

The average U.S. household spends $25,512 annually on essential household billsan annual bill spend of roughly $2,126 per month, over one-third (34%) of the U.S. household median income ($74,755). This news, from a report by doxo , shows that many states rank well above or below the national average. Its no surprise that the most expensive states to live in are Hawaii, California, Massachusetts, and New Jersey, nor that West Virginia, Mississippi, Arkansas, and Kentucky lead the list of most aff

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Insurance Appraisal Marketing Mortgage 372

Housing Wire

DECEMBER 17, 2024

The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second idea is the symbolic encapsulation of the first idea: homeownership. Owning a home is the signifier of economic success, but over the last few years, that milestone has gotten farther out of reach for first-time homebuyers.

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Housing Market Marketing Buyers Real Estate 339

Appraisal Buzz

DECEMBER 17, 2024

The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of 2024, said Jamie Woodwell, MBAs Head of Commercial Real Estate Research.

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Mortgage Investors Real Estate Development 329

Housing Wire

DECEMBER 17, 2024

In this week’s episode of the RealTrending podcast , host Tracey Velt is joined by Tim Weisheyer, Florida Realtors ‘ 2025 president. The duo explore the concept of servant leadership for business success, relying on learning for long-term success, balancing technology usage with relationship building and the trade group’s top priorities for 2025.

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Realtors Business Realty Technology 378

Real Estate News

DECEMBER 17, 2024

One measure in the monthly index stood out, however, as builders responded with more optimism about where the market is headed in 2025.

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Marketing 205

Appraisal Buzz

DECEMBER 17, 2024

Applications for mortgages for new home purchases plummeted 12% in November compared with October, due to higher mortgage rates, but were up 7.2% compared with November 2023, according to the Mortgage Bankers Association. Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes, given affordability challenges and constrained existing inventory, says Joel Kan, vice president and deputy chief economist, in the

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Inventory Mortgage Appraisal 195

Housing Wire

DECEMBER 17, 2024

The criminal charges against the Alexander brothers are now affecting Side s civil lawsuit against them. Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. Side a white-label brokerage that affiliated with Official Partners argues that the criminal charges filed against the Alexanders last week require

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Legal Fees Brokerage Real Estate Legal 331

Appraisal Buzz

DECEMBER 17, 2024

Manchester, New Hampshire is Zillows most popular city of 2024. The largest city in the state, Manchester has seen growing interest among home shoppers, Zillow says. That has contributed to the average home price jumping 7.3% over the past year to $415,000. Still, Manchester remains more affordable than nearby Boston. Manchester has garnered particular attention from potential buyers outside of its metro area, suggesting a strong interest in relocating there.

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New Listings Home Value Buyers Appraisal 195

Housing Wire

DECEMBER 17, 2024

Mortgage rates havent moved much in the past week, but Wednesdays meeting of the Federal Reserve should give some clearer insights into where the market is headed at the end of the year. The Federal Open Market Committee (FOMC) is scheduled to announce its decision on the federal funds rate at 2 p.m. ET Wednesday, with Chairman Jerome Powell set to answer questions from journalists at 2:30 p.m.

Mortgage 380

Mortgage Lending Marketing Tools 380

Appraisal Buzz

DECEMBER 17, 2024

Connie Lindsay has been appointed Senior VP of Mortgage Lending for the Washington area by Rate. Lindsay joins Rate to continue its aim of empowering homeowners with cutting-edge technology and creative loan options. Lindsay has a lengthy experience in mortgage banking, most recently with US Bank, and is dedicated to providing great client service. Having cultivated a deep understanding of the mortgage industry over her years in the business, Connie brings a wealth of expertise and a proven trac

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Lending Mortgage Technology Clients 195

Housing Wire

DECEMBER 17, 2024

The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a final rule governing the Property Assessed Clean Energy ( PACE ) loan program. The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. The rule goes into effect on March 1, 2026, according to the CFPB.

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Mortgage Renovations Property Taxes Finance 261

Real Estate News

DECEMBER 17, 2024

Expect a solid year for new home sales, modest declines in mortgage rates, and a faster pace of wage growth, Fannie Mae and Veterans United experts predict.

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Mortgage 161

Housing Wire

DECEMBER 17, 2024

Its hard to imagine something more disruptive to a housing market than a hurricane. Thats what the Tampa Bay metro area was faced with in October with Hurricane Milton, which made landfall in the area as a Category 3 storm. Milton set a record for tornado warnings with 129, and hundreds of homes were destroyed in Florida. In the days leading up to the storm’s landfall on Oct. 9, housing markets in the Tampa area came to a complete halt as sellers took their homes off the market.

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Housing Market Marketing New Listings Real Estate Agent 261

Real Estate News

DECEMBER 17, 2024

The Justice Department was a constant presence in 2024 weighing in on civil cases, questioning buyer agreements and fighting NAR in the Supreme Court.

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Buyers 161

Housing Wire

DECEMBER 17, 2024

Despite having long ago settled the commission lawsuits , legal challenges continue to mount for real estate industry giant Anywhere. On Friday, the firm and some of its subsidiaries and agents were accused of violating the federal Racketeer Influenced and Corrupt Organizations (RICO) Act and the Lanham Act. The lawsuit, which alleges claims of false advertising, was filed in a U.S. district court in Minnesota by plaintiffs Michael and Lauren Campoli.

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Realty Real Estate Advertising Agents 287

Inman

DECEMBER 17, 2024

Ahead of his appearance at Inman Connect New York in January, eXp Realty CEO Leo Pareja told Inman that change is inevitable and that his "North Star" is improving the experience of his agents.

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Realty Agents Technology Brokerage 158

Housing Wire

DECEMBER 17, 2024

The reverse mortgage division of Fairway Independent Mortgage Corp. has honored a longtime professional in its ranks with a lifetime achievement award, in recognition of his 40-year career in the mortgage banking, real estate , homebuilding and title insurance industries. Pete Stebbins, 90, initially joined Fairway in 2012 and currently works as director of business development in the companys Madison, Wisconsin, office.

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Real Estate Agent Lending Real Estate Insurance 305

Inman

DECEMBER 17, 2024

With the real estate industry constantly changing, coach Verl Workman writes, now might be the ideal opportunity to capitalize on the strength of a team and propel your career forward.

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Real Estate Agents 151

Housing Wire

DECEMBER 17, 2024

Mr. Cooper Group on Monday announced the addition of Andrew Bon Salle to its board of directors. Bon Salle will officially join the board Jan. 1. Bon Salle is a 30-year industry veteran with vast experience in several business areas. His most recent role was with Home Point Capital as board chairman. He left Home Point shortly before Mr. Cooper acquired the company in 2023.

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Business Contracts Government Lending 287

Appraisal Buzz

DECEMBER 17, 2024

In Q3, asking rents for newly built apartments increased 1.5% to a median of $1,802, the largest year-over-year increase in 18 months. This is in line with a recent Redfin report. The rent increase followed two quarters in a row in which new apartment rents dropped by over 7%. After plummeting to $1,714 in the second quarter, the lowest level since mid-2021, the median rent for newly built apartments rose above $1,800 in Q3 for the first time since late 2023.

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Construction Development Appraisal 150

Housing Wire

DECEMBER 17, 2024

There have been countless press releases and news articles about how AI is changing the mortgage industry. The industry fears AI will ultimately replace everyone, from operations to loan officers. As a loan officer , I am not losing any sleep, and here is why you should not, either. Recently, I was online researching a very prominent real estate coach.He has a huge following and commands top dollar when he speaks.I was curious about what he was doing as I always looked for ways to improve my cli

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Loan Officers Clients Technology Mortgage 255

Inman

DECEMBER 17, 2024

If public speaking or media coverage is on your 2025 list of professional goals, its time to get started, Troy Palmquist writes.

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Brokerage Agents Marketing 149

Housing Wire

DECEMBER 17, 2024

The report on the Home Equity Conversion Mortgage ( HECM ) book of business inside the Mutual Mortgage Insurance (MMI) Fund served as another positive development for the program. The estimated economic net worth of the HECM MMI stood at $17.4 million, up from $15.4 million last year, according to the Federal Housing Administration (FHA)’s Annual Report to Congress released last month.

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Mortgage Business Insurance Marketing 255

Inman

DECEMBER 17, 2024

Stephen Brobeck, senior fellow at Consumer Federation of America, examines the aftermath of the Sitzer | Moehrl commission settlement and what it means for the industry's future.

Real Estate 164

Real Estate Brokerage 164

Housing Wire

DECEMBER 17, 2024

The Federal Housing Finance Agency (FHFA) on Tuesday released an update about the sales of non-performing loans (NPLs) through the government-sponsored enterprises (GSEs), saying the data has shown a steady drop in mortgage delinquencies since the start of COVID-19 pandemic. The [NPL] sales program reduces the number of deeply delinquent loans in the Enterprises portfolios and transfers credit risk to the private sector, FHFA explained.

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Design Government Finance Buyers 228

Inman

DECEMBER 17, 2024

Tal's parents offered a bond "in any amount secured by the entirety of their assets." Meanwhile, Side filed a preliminary injunction against Oren and Tal, and the DOJ has asked Douglas Elliman for information about the brothers' time at the firm.

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Brokerage Agents 145

Eyes on Housing

DECEMBER 17, 2024

Builder sentiment held steady to end the year as high home prices and mortgage rates offset renewed hope about a better regulatory business climate in 2025. Along those lines, builders expressed increased optimism for higher sales expectations in the next months.

Business 88

Business Mortgage Marketing 88

Inman

DECEMBER 17, 2024

Some renters think a crash would help them buy a home. But a surprising number of homeowners also think a major downturn would be a good thing, LendingTree survey finds.

Housing Market 144

Housing Market Marketing Agents Mortgage 144

Birmingham Appraisal

DECEMBER 17, 2024

Tips To Ensure a Successful Appraisal When it comes to the home appraisal process, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be.

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Appraisal Easement Real Estate Agent Valuation 64

Inman

DECEMBER 17, 2024

Three days after New York City's Fairness in Apartment Rental Expenses (FARE) Act became law without the signature of Mayor Eric Adams, the Real Estate Board of New York (REBNY) has filed a lawsuit to stop the bill's enforcement in June 2025. The New York State Association of Realtors, Bohemia Real Estate Group, Bond New York Real Estate Corp, REAL New York, Level Group, Four Corners Realty, 21 West 74 Corp, and the 8 West 119th Street housing development fund corporations have joined the lawsui

Real Estate 135

Real Estate Law Realty Realtors 135

Mortgagebroker News

DECEMBER 17, 2024

Leading mortgage technology platform empowers brokers to deliver seamless client experience

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Technology Clients Mortgage 69

Inman

DECEMBER 17, 2024

Likely catching the collective eye of Real co-founder and CEO Tamir Poleg and president Sharran Srivatsaa was Urban Nest's 2023 numbers, consisting of 2,500 deals valued at $1.5 billion.

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Realty Agents Brokerage 121

Mortgagebroker News

DECEMBER 17, 2024

Big banks struggle to compete in rural markets where flexibility and local expertise matter most

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Marketing 56