Housing Wire
OCTOBER 29, 2024
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.
Appraisal Buzz
OCTOBER 29, 2024
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.
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Housing Wire
OCTOBER 29, 2024
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%.
Appraisal Buzz
OCTOBER 29, 2024
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
Housing Wire
OCTOBER 29, 2024
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.
Appraisal Buzz
OCTOBER 29, 2024
In the competitive landscape of real estate, leveraging advanced tools and services can significantly impact an agent’s ability to maximize revenue opportunities for themselves and their clients. USRES and RES.NET provide a range of products and services designed to streamline processes, enhance efficiency, and drive profitability for all participants in the real estate disposition and liquidation life cycle.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
OCTOBER 29, 2024
The Federal Housing Finance Agency (FHFA) has announced updates to several Fannie Mae and Freddie Mac policies including expanding eligibility for appraisal waivers on purchase loans; expanding eligibility for the Freddie Mac performing loan repurchase alternative pilot; and expanding the Uniform Appraisal Dataset to include appraisal data from applications for FHA-insured loans.
Housing Wire
OCTOBER 29, 2024
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.
Real Estate News
OCTOBER 29, 2024
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.
Housing Wire
OCTOBER 29, 2024
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
Appraisal Buzz
OCTOBER 29, 2024
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.
Housing Wire
OCTOBER 29, 2024
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
Real Estate News
OCTOBER 29, 2024
Two new surveys point to increasing optimism despite mortgage rate and election uncertainty, a sign that post-settlement anxiety could be waning.
Appraisal Buzz
OCTOBER 29, 2024
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.
Real Estate News
OCTOBER 29, 2024
The company is responding to “a critical time for agents,” said founder Glenn Sanford. New incentives will take effect Nov. 1.
Appraisal Buzz
OCTOBER 29, 2024
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.
Inman
OCTOBER 29, 2024
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.
Eyes on Housing
OCTOBER 29, 2024
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.
Inman
OCTOBER 29, 2024
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.
Appraiserblogs
OCTOBER 29, 2024
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
Inman
OCTOBER 29, 2024
Inman plans to invest further into Blueprint to continue its growth in advance of the next Blueprint Vegas, Sept. 16-18, 2025.
Eyes on Housing
OCTOBER 29, 2024
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.
Inman
OCTOBER 29, 2024
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.
Lamacchia Realty
OCTOBER 29, 2024
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
Inman
OCTOBER 29, 2024
Every challenge is an opportunity in disguise, Darryl Davis writes, pushing you to grow, adapt and, ultimately, succeed in real estate.
Mortgagebroker News
OCTOBER 29, 2024
Tiff Macklem hailed Bank's latest move last week – but one financial advisor isn't so sure
Inman
OCTOBER 29, 2024
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.
Mortgagebroker News
OCTOBER 29, 2024
The new tools will help brokers save time, boost client retention, and solidify their brand
Inman
OCTOBER 29, 2024
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.
Mortgagebroker News
OCTOBER 29, 2024
Conservative leader promises tax relief on new builds, targets housing affordability
Inman
OCTOBER 29, 2024
The marketing tool provides insights and data on likely buyers who have engaged with properties listed by Compass agents. It may also help Compass' ongoing push against Clear Cooperation.
Mortgagebroker News
OCTOBER 29, 2024
Growing inventory and new projects shift dynamics in Metro Vancouver's industrial market
Inman
OCTOBER 29, 2024
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.
Mortgagebroker News
OCTOBER 29, 2024
Falling home values hinder wealth growth while older homeowners gain
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