Mon.Feb 10, 2025

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Illinois Realtors’ leaders discuss market challenges and growth opportunities

Housing Wire

In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. During the conversation, the group discuss real estate market challenges, the value of being a part of an association, and growth areas for associations in 2025.

Realtors 434
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Tracking Inflation Trends on Rent Prices

Appraisal Buzz

Inflation has been exceptionally high in the 2020s, with average prices (as measured by the Consumer Price Index [CPI]) up 22% for the decade as of June 2024. Thats already surpassing inflation for the entire 2010s at 20%, and well on the way to topping the cumulative inflation of the 2000s and 1990s (29% and 32%, respectively). Housing, whether by rent or home prices, has seen far more appreciation than the other goods and services in the CPI: home price increases have doubled that of the overa

Appraisal 417
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Greater purpose: Why you should build community through real estate and service 

Housing Wire

When I first started in real estate , I thought my job was solely about helping buyers and sellers. As time went on, the desire to go beyond that struck me. Real estate agents have the privilege of guiding people through one of their biggest life decisions. We agents can also strengthen the communities we serve. When you root your business in purpose, you create something far more valuable than transactions.

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Mortgage Delinquency Rate Increased in Q4, With FHA, VA Loans Seeing Largest Increases

Appraisal Buzz

The mortgage delinquency rate on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98% as of the end of the fourth quarter, according to the Mortgage Bankers Association. Thats up 6 basis points compared with the end of the third quarter and up 10 basis points from one year ago. Most of the overall increase was attributable to significant increases in delinquencies for FHA and VA loans: The FHA delinquency rate increased 57 basis points to 11.03%, while the VA

Mortgage 300
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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.

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Has home seller growth lost momentum?

Housing Wire

This week, the leading indicator of price reductions is more bearish for home prices. The share of homes on the market with price reductions ticked up this week, which is unusual this early in the season. Potential home sellers notice weak demand, fewer offers and price reductions, prompting them to back away from the market. As such, housing inventory isn’t shrinking.

Sellers 333

More Trending

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Federal employees’ union sues Russell Vought over CFPB pullback, DOGE data access

Housing Wire

The National Treasury Employees Union , which represents federal employees in 37 federal agencies and offices, has filed suit against Russell Vought, the director of the White House Office of Management and Budget (OMB), over actions he has taken to scale back the activities of the Consumer Financial Protection Bureau (CFPB) since being appointed as its acting director on Friday.

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Is it time to replace professional baseball umpires with technology?

Appraisal Buzz

I know we are in the height of basketball season and baseball and summer seem far away. However, as the days are getting longer, the time for spring training and the start of another season of baseball is just around the corner. Im certain weve all seen broadcasts where technology shows the pitch was clearly a ball, yet the umpire calls it a strike.

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Cardinal Financial unveils non-QM product suite

Housing Wire

Charlotte-based mortgage lender Cardinal Financial on Monday launched a new product suite to help mortgage brokers reach nontraditional borrowers. The lender’s wholesale division is now offering a nonqualified mortgage ( non-QM ) loan product suite aimed at serving consumers who have outside-the-box financial profiles. Karl Benjamin, the company’s executive vice president of wholesale, highlighted the new products as solutions for leveling the mortgage market playing field. “Ou

Investors 306
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Adjust for Time Again?

George Dell

In this post, Adjust for Time, Part 12, (read the whole series here) the FHFA Working Paper 24-07 infers a third common strategy for time adjustments. We will call this the plot–regress method. In this strategy MLS data on individual sales can be retrieved, and the appraiser can regress sales price on a time trend […] The post Adjust for Time Again?

Appraisal 195
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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.

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As Valentine’s Day approaches, a dating app for homeowners is arriving

Housing Wire

As the month of love commences and Valentine’s Day is just around the corner, the phrase “building a future together” has never been more relevant as a new dating app designated for homeowners is about to hit app stores. Designed to help users find “lifestyle matches,” Nest Friends specializes in homeowner lifestyles and niches such as real estate investing , homeowners who practice sustainable living , or the concept of “living apart together,” in whic

Design 329
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Housing market challenges aren’t over yet, Barbara Corcoran warns

Inman

Mortgage rates have inched downward, with the 30-year fixed rate falling down "by a fraction of a point to 6.96 percent," Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday.However, Corcoran believes the minimal drop is not enough to spur major market challenges.

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NAR looks to dismiss Eytalis suit on three-way membership agreements

Housing Wire

The National Association of Realtors (NAR) hasnt been shy about trying to dismiss the growing crop of lawsuits alleging that its three-way membership agreement structure constitutes an antitrust violation, and things are no different with the Eytalis suit in Texas. On Thursday, NAR and the two other defendants in the case, the Texas Realtors (TR) and Wichita Falls Association of Realtors (WFAR), filed a motion to dismiss the suits third amended complaint.

Realtors 291
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From Vision to Action: Rida Sharaf on Innovation, Leadership, and Strategy

Appraisal Buzz

Listen Now A Strategy Leader at the Forefront In the latest episode of the MP Access Show, we are proud to feature Rida Sharaf, Chief Strategy Officer of USRES and RES.NET. With a proven track record of leadership in real estate and mortgage servicing, Rida brings a wealth of knowledge on the innovative solutions and forward-thinking strategies that define the future of our industry.

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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.

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loanDepot prevails in explosive lawsuit filed by former COO Tammy Richards

Housing Wire

A California jury on Friday dismissed the final headline-grabbing claims former loanDepot chief operating officer Tammy Richards made against the lender in 2021. Richards filed a lawsuit in September 2021 alleging that she was discriminated against by the lender, its former CEO Anthony Hsieh and former general counsel Peter Macdonald after blowing the whistle on what she called illegal company practices.

Legal 286
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Is it you? Call for speakers for Inman Connect San Diego 2025 

Inman

Inman seeks fresh perspectives and new ideas from people like you for the Inman Connect stage when the conference heads to San Diego on July 30-Aug. 1, 2025. Fill out a short form to apply.

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Amid housing challenges, LA residents voice concerns about foreign-owned vacant homes

Housing Wire

As Los Angeles County continues to pick up the pieces from the devastation caused by the Palisades and Eaton wildfires , some in the community are losing patience with what had previously been a quirk of the sought-after housing market: unscathed homes in impacted areas sitting vacant, owned by foreign nationals thousands of miles away. According to a report from the Wall Street Journal , certain community members are calling foul on the high-priced homes sitting empty in the areas in which resi

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Spotlight Feature: Calculated Fields in Your Mobile Forms

GoForrmz

Originally published on 03/15/2016 Automatic Calculations are one of the most popular mobile form features used today Automatic Calculations is a powerful feature designed to save significant time and effort by automating calculations that would otherwise need to be performed manually. By eliminating the need for manual math, Calculated fields not only streamline your workflow but also ensure accuracy, reducing the risk of human error often associated with pen-and-paper calculations.

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Kiavi expands investment lending options to 13 more states

Housing Wire

Residential real estate capital provider Kiavi announced Monday that it is expanding into 13 additional states, broadening the company’s reach to 45 states and Washington, D.C. The expansion includes the states of Alaska, Delaware, Hawaii, Idaho, Iowa, Louisiana, Maine, Montana, Nebraska, New Hampshire, North Dakota, South Dakota and Wyoming. Kiavis expansion into these 13 additional markets provides an immediate opportunity to equip more real estate investors with the fast, reliable, and

Lending 275
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Tariffs, home construction and affordability

Real Estate News

The price of building materials could rise by an additional 4-6% in the next 12 months, or 10% overall, according to a new report from CoreLogic.

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Why the CFPB’s enforcement pause is not a free pass for lenders

Housing Wire

The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. With Acting Director Russell Vought halting all rulemaking , enforcement actions and examinations, some may be tempted to believe that the regulatory burden on Independent Mortgage Banks (IMBs) is lifting.

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Are Appraisals Public Record?

Realvals

Appraisals play an important role in real estate transactions, but privacy is always a concern. I have been asked many times if they have become part of the public record. Home appraisals are never publicly available and are only shared with the appraiser’s client and authorized parties. This means that the general public cannot access your home’s appraisal report without permission first.

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Industry must step up to help veterans achieve the American Dream

Housing Wire

I recently had the profound honor of helping to hand-wash the Vietnam Veterans Memorial in Washington, D.C., a deeply moving experience that allowed me to pay homage to my fellow servicemembers and Naval Academy classmates who served in one of the longest wars in American history. Standing alongside Jan Scruggs , the visionary behind the memorial and founder of the Vietnam Veterans Memorial, I reflected on the legacy of courage and sacrifice shared by our Veteran community.

Lending 201
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Lawsuits in DC as housing-related agencies close, rewrite rules

Real Estate News

Union files two suits on behalf of CFPB employees told to stay home after DOGE accesses systems; new HUD director halts programs tied to gender identity.

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The ultimate open house checklist for new & experienced agents

Housing Wire

When I first started in real estate, I was eager for advice. The best advice I got from an experienced agent was simple but powerful: “Do as many open houses as you can.” I took his advice to heart. Running open houses (among other strategies) has helped me build a sustainable career in real estate at Your Property People. If it worked for me, it can work for you as well.

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Changes to California’s Homeowner Bill of Rights

Appraisal Buzz

This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. During the height of the financial crisis, California passed landmark legislation intended to help homeowners facing foreclosurethe Home Owner Bill of Rights (HOBR). In short, HOBR required loan servicers to follow certain procedures when putting defaulted borrowers on notice of foreclosure prevention alternatives and prevented servicers from dual tracking, i.e., simultaneously proceeding with fo

Law 221
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Choosing the right brokerage: What new agents need to know

Inman

Deciding which brokerage to join when you first start out as a new agent can either set you up for success or run your career off the rails before it begins, trainer Bernice Ross writes.

Brokerage 155
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50K Families Achieve Homeownership With CBC Mortgage Agency’s DPA Program

Appraisal Buzz

CBC Mortgage Agency (CBCMA), a Native American wholly-owned and federally chartered housing finance agency, reports that it has helped 50,000 families achieve homeownership through its down payment assistance (DPA) program. The majority of families served by CBCMAs Chenoa Fund are first-time homebuyers, minority homebuyers and low-income households, many of whom are first-generation homeowners.

Mortgage 195
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People don’t hire logos, they hire people. Build relationships

Inman

Broker and new Inman contributor Angela Yungk offers advice on connecting with clients and building lasting real estate relationships.

Clients 139
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Consumers Had Slightly More Optimistic View of the Housing Market in January 

Appraisal Buzz

Consumer sentiment toward the housing market increased slightly in January compared with December, driven mainly by an increase in the number of consumers who expect home prices to rise over the next year, according to Fannie Maes Home Purchase Sentiment Index (HPSI). The index which is based on a consumer survey increased 0.3 points in January to a score of 73.4, bouncing back slightly after falling in December for the first time since July.

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Vacant, foreign-owned homes draw criticism in LA post-wildfires

Inman

Wildfire victims and other residents are wondering what good vacant properties owned by individuals who live thousands of miles away serve while so many struggle to find temporary and permanent housing.

Buyers 126
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Texas Led the Way on New Home Construction in 2024

Appraisal Buzz

Texas had the most new home construction in 2024, accounting for 15% of housing permitsin the U.S., according to a report from Realtor.com. The state has grown rapidly in the last several years as people from across the country and across the world have seen what Texas has to offer, says Danielle Hale, chief economist, Realtor.com, in the report. In the years since the COVID-19 pandemic, the Texas economy has boomed, especially in high-demand industries like technology, education, manufacturing