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Todays new home sales report beat market expectations, just like last weeks existing home sales report. However, a detailed analysis of the data explains why housing permits continue to remain at recession-level figures. Builders are struggling to get clarity on how many homes they can sell in this rate environment in the future. Without more clarity on mortgage rates , substantial growth in housing permits is unlikely.
Whilescheduled foreclosure auctions slightly increased from a two-year low in the previous quarter, the supply of properties available to purchase at foreclosure auction fell to a three-year low in Q4 of 2024. This suggests that completed foreclosure auctions may also slightly increase in Q1 of 2025, according to new Auction.com data. Although interest for properties up for foreclosure and bank-owned (REO) auctions declined overall in Q4, continuing a downward trend that began late in the second
New home sales continue to be a bright spot in a dismal housing market. The December report from the U.S. Census Bureau and Department of Housing and Urban Development shows new-home sales registering at a seasonally adjusted annual rate of 698,000, good for a 6.7% rise year over year and 3.6% higher than November. Even better, new home sales for the calendar year 2024 are estimated at 683,000, which is 2.5% more than 2023 and the highest sales have been since 2021.
The U.S. Census Bureau and the U.S. Department of Housing & Urban Development (HUD) have released their new residential sales statistics for December 2024 , which found that sales of new single-family homes were at a seasonally adjusted annual rate of 698,0003.6% above the revised November rate of 674,000, and 6.7% above the December 2023 estimate of 654,000.
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.
Recently, weve shared that the inventory of unsold homes is growing. In recent weeks, home sales also faltered in the face of 7% mortgage rates. Now were noticing some signals in the data that national home prices could turn negative this spring, showing year-over-year home-price declines for the first time since early 2023. There are already plenty of markets nationwide where the inventory of unsold homes has built up over the past few years and home prices have ticked down.
A report on the financial results for borrowers of cash-out refinance mortgages has been released by the Consumer Financial Protection Bureau (CFPB). Credit scores for cash-out debtors first improved significantly before progressively declining. However, overall scores continued to be higher than they were before to the refinance. According to CFPB research, debtors frequently use the proceeds from cash-out refinances to settle other debts, especially credit card and auto loan debt.
A report on the financial results for borrowers of cash-out refinance mortgages has been released by the Consumer Financial Protection Bureau (CFPB). Credit scores for cash-out debtors first improved significantly before progressively declining. However, overall scores continued to be higher than they were before to the refinance. According to CFPB research, debtors frequently use the proceeds from cash-out refinances to settle other debts, especially credit card and auto loan debt.
The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity. At the time the contract is settled, the homeowner must pay a lump sum back to the provider, an amount that is also partially based on the homes value.
Lets support the next generation of appraisers by stepping up as mentors or supervisors. This article is featured in the 2024 edition of the Appraisal Buzz Magazine. Some other features in our magazine include funny Buzztoon comics, industry trends, as well as crazy stories from appraisers and readers like you! Read all these articles and more in the latest edition HERE.
Have a seat and buckle in. The real estate industry is already in a whirlwind and the year has barely kicked off. To put it simply, the industry appears to be in its rapid evolution era. What does this look like? Firstly, real estate professionals are facing an unyielding storm of new challenges. For example, changing agent commission guidelines and emerging lead contact regulations are keeping professionals up at night.
Time adjustments are now required by Fannie Mae and Freddie Mac. Time adjustments were previously required when necessary. Now a market conditions adjustment isrequired on every appraisal. This means that even if personal judgment says the subject market is stable, ananalysis must be performedto arrive at the zero adjustment conclusion. An FHFA (Federal Housing Finance […] The post What Time is It?
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.
Home negotiations technology platform Indigo just received a large investment to expand its operations in 2025. The company announced this week that it secured $8 million in funding to offer better insights and cohesiveness to real estate agents. Pete Flint at venture capital firm NFX , Clelia Warburg Peters at Era Ventures and Paul Irving at GTMfund led the seed round along with contributions from 1Sharpe Ventures and Jake Seid.
Home prices might be coming down, but theyre still pretty steep in many areas. So it would be normal to wonder if other types of housing, such as mobile homes, are more affordable or even cheap. Unfortunately, per a new report by LendingTree , that is not the case. As home prices have dropped, mobile home prices have risen. LendingTrees latest analysis of U.S.
Consumers who chose to take out a cash-out refinance largely used the loans proceeds for paying down existing debts, with notable impacts on credit card and auto loan balances as well as credit utilization rates. Cash-out borrowers also saw increases in their credit scores on average, while scores for non-cash-out borrowers decreased. This is according to a recent report published by the Consumer Financial Protection Bureau (CFPB), which is based on data from the National Mortgage Database (NMDB
Profit margins for home sellers decreased in 2024 compared with 2023, despite rising home prices, a report from ATTOM shows. Home sellers made a $122,500 profit on typical sales nationwide last year, generating a 53.8% return on investment. Thats down from 56.9% from 2023, according to ATTOMs Year-End 2024 U.S. Home Sales Report. The dip in returns comes even as the national median home price climbed to $350,000.
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.
Members of the U.S. home remodeling industry report that while market conditions are stalling larger-scale remodeling projects, consumers seeking remodeling work are focused on efforts that could serve to increase home values and to future-proof homes for later life and aging in place. This is according to a report at Kitchen & Bath Design News , based on a quarterly gauge of market conditions compiled by one of the outlets sister publications.
Sixty-nine percent of agents since 2020 have recommended their sellers list on a private listing network. However, sellers still favor listing on the multiple listing service, a Zillow survey said.
Interest rates have risen from their record lows, housing inventory is tight and more homeowners are staying in their current properties, which means it is more important than ever for servicers to retain the customers they have. To help servicers boost retention and recapture strategies, ICE offers a mobile and web-based solution called Servicing Digital.
Last week, Newsday, the primary newspaper for Long Island, New York, published the results of our 4th quarter housing market report for Long Island. WNBC picked up the story and did a good job of describing the nuances of the Long Island results. I got a bunch of calls from random friends who saw the clip, which is always fun. Click on the image to play the clip.
Can you build a thriving real estate business on TikTok? Kina Desantis did. She went from a brand new agent in 2020 to running her wildly successful boutique brokerage with Side in less than four years. No cold calling, no door knocking just (patiently) educating new and move-up buyers with quick-hit educational TikTok videos. When we caught Kina on a recent episode of the Real Estate Rockstars podcast, we had questions lots of them.
RentSpree and Realtor.com have agreed to work together on a rental syndication partnership. This ups the total of industry websites using RentSpree listing data to nine and the potential consumer reach to 30 million.
Lone Wolf Technologies , a real estate technology company that has been in business for decades, unveiled its reimagined brand identity last week as an effort to “blend technology with human-centered design to better serve real estate professionals,” per a release from the company. “This isn’t just a new coat of paint,” said Lisa Lausten, senior vice president of marketing at Lone Wolf. “Our brand evolution represents a deeper transformation in how we serve ou
Originally published on 01/09/2019 Simplify human resources documentation with digital forms Human Resources (HR) teams juggle critical responsibilities that directly impact an organizations workforce from employee onboarding to performance management. However, these essential tasks are often bogged down by excessive paperwork, leading to delays, inefficiencies, and frequent human error.
In this week’s episode of the RealTrending podcast , host Tracey Velt sits down with RealTrends founder Steve Murray. The duo explore the current state of mergers and acquisitions, team-based brokerage models, commission compression, and growth opportunities for agents and brokers. This interview has been edited for length and clarity. To start the conversation, Velt and Murray dive into the current state of mergers and acquisitions in the real estate industry.
Sales were up at the end of 2024, and for the full year, increased by 2.5% over 2023 in contrast to existing home sales, which fell short of 2023 numbers.
Real estate agents are in the clear when it comes to dealing with changes to the Telephone Consumer Protection Act (TCPA) thanks to a last-minute ruling by the Eleventh Circuit Court of Appeals late Friday night. The Federal Communications Commission (FCC) first established that companies and individuals sending marketing calls or texts must have prior express written consent before issuing a call or a text in 2012.
Less stringent requirements for consumer contact will stay in place for a year, FCC says, as it delays TCPA changes that wouldve required one-to-one consent.
Distressed home sales marketplace Auction.com released a new report Monday highlighting a drastic drop in foreclosure auction property volume in the fourth quarter of 2024. But auction buyers are still willing to enter the market as the new presidential administration settles into office. Auction.com’s Auction Market Dispatch report is released on a quarterly basis.
A limited amount of existing inventory along with solid demand helped new home sales end the year on an up note, even as buyers continue to grapple with housing affordability challenges. Sales of newly built, single-family homes in December increased 3.6% to a 698,000 seasonally adjusted annual rate from an upwardly revised November number, according.
The National Association of Realtors (NAR) and News Corp., along with several of its subsidiaries such as Move , Realtors Information Network and OpCity , are looking to have the Bandy fraud suit dismissed. Filed in U.S. District Court in California in August 2024 by 13 real estate professionals, the suit is seeking class-action status and alleges that Move made misrepresentations regarding the quality of the leads provided to Connections Plus subscribers.
The national mortgage delinquency rate stood at 3.72% in December, a decrease of 0.60% compared with November but up 4.02% compared with December 2023, according to ICE Mortgage Technologys latest First Look report. As of the end of the month, there were about 2.016 million mortgages 30 days or more past due but not in foreclosure, a decrease of about 11,000 compared with the previous month but up 108,000 compared with a year ago.
The wildfires in the Los Angeles area which are nearing 100% containment after much-needed rain arrived over the weekend have reduced local housing supply and increased demand, especially for short-term rental options. And the emergency needs of Southern California residents whove been displaced have law enforcement officials on the lookout for those who seek to benefit financially by overcharging for homes.
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