Tue.Oct 29, 2024

article thumbnail

Amy Stockberger explores her brokerage’s quest for ’lifetime home support’

Housing Wire

In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. This interview has been lightly edited for length and clarity.

article thumbnail

Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers 

Appraisal Buzz

A number of enhanced initiatives have been announced by Freddie Mac to increase housing affordability, particularly for first-time homebuyers and borrowers. The company continues to work with the industry to improve efficiency, reduce costs, and offer more opportunities to get qualified borrowers into homes they can afford with improvements to its automated underwriting system, appraisal waiver expansions, and advancements in the down payment assistance space.

Buyers 395
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Case-Shiller home-price index slows, but rising mortgage rates could speed it up again

Housing Wire

Is home-price growth finally cooling? That’s a question raised by the S&P CoreLogic Case-Shiller Index for August, which showed deceleration on a year-over-year basis and a slight dip relative to July. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July. The monthly index fell by 0.1%.

Mortgage 486
article thumbnail

Survey Examines Financial Gap Between Young Homeowners and Renters

Appraisal Buzz

According to a recent Redfin study, just over two-thirds (68.7%) of millennial/Gen Z homeowners feel their financial situation has improved over the past four years, compared to just over half (52.2%) of millennial/Gen Z renters. The primary question asked was: “Would you say you are better or worse off financially than you were 4 years ago?” Respondents were asked to select one of five answer choices: Much better off financially Slightly better off financially Much worse off financially Slightl

Tenants 397
article thumbnail

Leverage Trellis Court Data To Identify More Investment Opportunities

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.

article thumbnail

First-time homebuyers are being insulated by slower market conditions. Will it last?

Housing Wire

Editor’s note: This is the third in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. It is no secret that many first-time homebuyers are struggling. Stubbornly high interest rates, low levels of inventory and elevated home prices are putting a strain on the often-limited budgets of first-time buyers.

Marketing 448

More Trending

article thumbnail

October jobs report will influence Fed policy, mortgage rates path

Housing Wire

Employment data for October is set to be released Friday, and it will go a long way in determining the path for mortgage rates, which have surged upward in the past month. At HousingWire’s Mortgage Rates Center on Tuesday, the average rate for 30-year conforming loans was 6.72%. That’s up 10 basis points (bps) from one week ago and 41 bps higher than on Sept. 18, when the Federal Reserve lowered benchmark rates by half a percentage point.

Mortgage 446
article thumbnail

Nonprofits Leverage ADUs to Tackle Affordable Housing Crisis

Appraisal Buzz

Nonprofits are increasingly turning to accessory dwelling units (ADUs) as a tool to combat the nation’s ongoing affordable housing crisis. ADUs are smaller, independent living spaces located on the same property as a primary residence, equipped with their own kitchen, bathroom, and sleeping area. By adding much-needed housing stock, these units are offering solutions to both rural and urban communities, as well as providing support for aging adults and low- to moderate-income homeowners.

article thumbnail

It’s time we put the guardrails up and protect consumers from abusive trigger leads 

Housing Wire

While we can’t share their names, we can share their stories. It’s the same one, over and over again. An individual, often for the first time, is engaging in one of the most important transactions of their lifetime: homeownership. Already intimidated by the multitude of financial requirements that come with securing a mortgage, the borrower becomes even more overwhelmed by the hundreds, sometimes thousands, of emails, calls and texts they receive from an unaffiliated third-party vendor after th

Mortgage 409
article thumbnail

Fay Servicing’s Partnership with SpringFour Helping Thousands of Struggling Borrowers

Appraisal Buzz

Mortgage servicer Fay Servicing reports that it has helped thousands of homeowners who are struggling financially through its partnership with SpringFour, a social impact fintech that empowers banks, credit unions, fintech lenders, employers, loan servicers, mortgage insurers, nonprofits, and organizations across all industries to connect consumers with vetted, local nonprofit and government financial health resources.

article thumbnail

The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

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.

article thumbnail

Property preservation firm MCS sees reverse channel as a growth opportunity

Housing Wire

Earlier this year, Lewisville, Texas-based property services company MCS announced that it acquired Five Brothers Asset Management Solutions , a deal that brought MCS into the reverse mortgage industry for the first time. Soon after, CEO Craig Torrance offered an early look at what he hoped to achieve with the move. Roughly six months later, Torrance and Chad Mosley, the company’s president of mortgage services, attended the National Reverse Mortgage Lenders Association (NRMLA) Annual Meeting an

Mortgage 435
article thumbnail

Matthew Perry’s LA home sells for $8.55M in off-market deal

Inman

The property has been acquired by Arizona real estate developer Anita Verma-Lallian, who completed the purchase through a trust. The transaction was facilitated by Brooke Elliott Laurinkus from Christie's International Real Estate Southern California.

article thumbnail

NAR settlement doesn’t pass the ‘real world’ test

Real Estate News

A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.

article thumbnail

FHFA’s Appraisal Waivers Expansion

Appraiserblogs

The Federal Housing Finance Agency’s (FHFA) recent push to expand the use of appraisal waivers represents a concerning and potentially disastrous gambit that threatens to undermine the integrity of the housing market and the broader economy as a whole. The recent announcement from the FHFA Deputy Director Naa Awaa Tagoe regarding the expansion of appraisal waiver eligibility for purchase loans is a significant development that has sparked significant debate and controversy within the mortgage i

Appraisal 129
article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

article thumbnail

Agents see a brighter sales outlook ahead

Real Estate News

Two new surveys point to increasing optimism despite mortgage rate and election uncertainty, a sign that post-settlement anxiety could be waning.

Agents 273
article thumbnail

Thrive Real Estate of Shrewsbury, MA is Now a Part of Lamacchia Realty

Lamacchia Realty

Thrive Real Estate of Shrewsbury, MA is now a part of Lamacchia Realty Tuesday, October 29, 2024 – Thrive Real Estate of Shrewsbury has joined forces with Lamacchia Realty. Their location at 26 Maple Avenue in Shrewsbury, MA will now be the Lamacchia Realty Shrewsbury branch location. Anthony Lamacchia , Jackie Louh , Massoud Atallah , John Millen , and the leadership team of Lamacchia Realty are thrilled to be expanding in the local market, alongside the Lamacchia Realty Northborough , Worces

article thumbnail

eXp rolling out rev share changes

Real Estate News

The company is responding to “a critical time for agents,” said founder Glenn Sanford. New incentives will take effect Nov. 1.

Agents 273
article thumbnail

Lora Helt Joins Valuations Firm Ascribe as SVP of National Sales

Appraisal Buzz

Lora Helt has joined Ascribe , a national provider of residential and commercial valuation, evaluation, property inspection, and REO services to mortgage lenders and servicers, as senior vice president of national sales. Helt is an industry veteran with years of experience in mortgage origination and servicing. Her career includes executive roles with Altisource and Bradford Technologies as well as certification and experience as a licensed residential appraiser.

Valuation 195
article thumbnail

Fannie and Freddie will let more buyers off the hook for an appraisal

Inman

Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20 percent down.

Appraisal 187
article thumbnail

Weaker Homeownership Data for Younger Households

Eyes on Housing

The homeownership rate for those under the age of 35 dropped to 37% in the third quarter of 2024, reaching the lowest level since the first quarter of 2020, according to the Census’s Housing Vacancy Survey (HVS). Amidst elevated mortgage interest rates and tight housing supply, housing affordability is at a multidecade low. The youngest.

Mortgage 167
article thumbnail

‘Not done’: Antitrust litigation in real estate is just warming up

Inman

In a recent webinar, Spencer Rascoff, James Dwiggins and Jack Miller discussed the future of commissions and why agents and brokers should pay attention to their legal risk.

article thumbnail

Decisions Sellers May Consider When Reviewing an Offer on Their Home

Will Springer Realtor

Selling your home can be both an exciting and overwhelming experience. As offers arrive through your listing agent, it’s essential to carefully evaluate each one to ensure you make the best decision for your circumstances. The right offer can set the stage for a smooth transaction while overlooking important details can often lead to complications. Understanding what to consider can make a significant difference in your selling experience.

Sellers 55
article thumbnail

Inman expands coverage of built world with Blueprint acquisition

Inman

Inman plans to invest further into Blueprint to continue its growth in advance of the next Blueprint Vegas, Sept. 16-18, 2025.

Investing 183
article thumbnail

Housing Market Digest: October 25

Movoto

Housing Market Digest: October 25 Welcome to your go-to guide for all things real estate, housing market trends, and economic insights—straight from our latest podcast episode! In this digest, we break down the most important headlines affecting homebuyers, sellers, and everyone in between. From rising mortgage rates to shifts in major housing markets, we’ve got you covered.

article thumbnail

US home prices rise modestly amid affordability strains

Inman

CoreLogic Chief Economist Dr. Selma Hepp told Inman, “despite much-needed optimism, brought by a sharp decline in mortgage rates in August, the boost was short lived and not enough to renew homebuyers’ interest.

Mortgage 183
article thumbnail

Construction Job Openings Fall in September

Eyes on Housing

After a period of slowing associated with declines for some elements of residential construction, the count of open construction sector jobs trended lower in the September data, per the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). The data indicates the demand for construction labor market remains weaker than a year ago.

article thumbnail

The No. 1 challenge new agents face (and how to overcome it)

Inman

Every challenge is an opportunity in disguise, Darryl Davis writes, pushing you to grow, adapt and, ultimately, succeed in real estate.

Agents 174
article thumbnail

Can Canadians really breathe a ‘sigh of relief’ on mortgage rates?

Mortgagebroker News

Tiff Macklem hailed Bank's latest move last week – but one financial advisor isn't so sure

article thumbnail

Association-drafted forms protect consumers and members: CAR

Inman

Despite the rhetoric of some in the industry, shifting away from using association-developed forms is the opposite of consumer-friendly, CAR President Melanie Barker writes for Inman.

article thumbnail

Broker platform reveals major upgrades

Mortgagebroker News

The new tools will help brokers save time, boost client retention, and solidify their brand

Tools 83
article thumbnail

Kris Lindahl Real Estate featured in ‘Call of Duty’ ad campaign

Inman

Twin Cities broker-owner Kris Lindahl has been making headlines with a one-of-a-kind collaboration for Call of Duty's latest game. Here's how solid branding — and intellectual property protections — made the deal happen.

article thumbnail

Conservatives promise to axe federal sales tax on new homes under $1 million

Mortgagebroker News

Conservative leader promises tax relief on new builds, targets housing affordability

79