Mon.Nov 18, 2024

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What to expect from the 2025 housing market

Housing Wire

What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Last week, there were 9% more newly pending home sales than the same week a year ago and home sales are ticking down for the season.

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Solving the Affordable Housing Crisis

Appraisal Buzz

As a founder / CEO, I’ve seen my fair share of market cycles. Today, I want to dive deep into the current rental market environment, share some personal insights, and most importantly, discuss how we can address these challenges head-on. A Cautionary Tale from 2013 Let me start with a personal story. In 2013, I acquired an apartment complex in Austell, Georgia.

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FHFA to raise the 2025 multifamily loan caps for Fannie, Freddie by 4%

Housing Wire

The Federal Housing Finance Agency (FHFA) on Monday announced that it will raise the 2025 multifamily loan caps for purchases by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to $73 billion each. This represents a total of $146 billion in multifamily market support for next year, an increase of more than 4% from 2024 levels.

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Snapdocs Report Shows That E-Closing Technology is a Game Changer for Mortgage Lenders

Appraisal Buzz

E-closing technology is a game-changer for mortgage lenders in optimizing their secondary market strategies, a research report from Snapdocs shows. The report, conducted in partnership with Falcon Capital Advisors, shows that e-closing technology enables lenders to achieve a pricing gain of up to 10 basis points by accelerating loan delivery to the secondary and capital markets.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

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VantageScore unveils mortgage resources to ease the transition to 4.0 credit model

Housing Wire

In preparation for widespread credit scoring changes , leading credit-score and data analytics company VantageScore has launched a Mortgage Resource Center to support lenders transitioning to the VantageScore 4.0 credit model. The new resource provides tools and guidance to facilitate integration and aligns with the growing adoption of VantageScore 4.0 by a number of industry players.

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More Trending

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The next NAR scandal is here — and it’s about extravagant executive perks

Housing Wire

The National Association of Realtors (NAR) has spent much of the past few years having its dirty laundry aired across public domain and in courtrooms. Now a new report is taking aim at compensation for NAR executives. On Monday, The New York Times published an expose about the lavish perks enjoyed by NAR’s executives. Chief among them is the salary of former CEO Bob Goldberg, who earned $1.2 million per year that later ballooned to $2.6 million.

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How Much Are U.S. Homeowners Struggling to Make Mortgage Payments? 

Appraisal Buzz

Nearly three-quarters of Americans (74%) with annual incomes under $50,000 occasionally, frequently, or significantly struggle to make their regular rent or mortgage payments according to a new report from Redfin. Almost a quarter (24%) of those individuals say they have skipped meals in order to pay their monthly housing expenses. Among those in that wage range, dining out less frequently (43%), having no or few vacations (36%), and borrowing money from friends or family (25%), it is one of the

Mortgage 360
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Cyberattack at AnnieMac affects 171,000 customers

Housing Wire

Add American Neighborhood Mortgage Acceptance Company LLC , doing business as AnnieMac, to the list of mortgage lenders that have recently suffered a data breach from a cyberattack. The company notified state authorities that it became aware of “suspicious activity” of certain systems within its network in August. After an investigation, it concluded that cybercriminals infiltrated its systems, potentially accessing and acquiring files containing sensitive personal information of 171,074 custom

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NAR’s ‘lavish’ spending includes six-figure pay for volunteers

Real Estate News

Leaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.

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In states with the most agents and tough sales markets, savvy real estate pros turn to rentals for growth

Housing Wire

With U.S. inflation climbing to 2.6% in October—fueled by rising housing and insurance costs—and mortgage rates having edged back above 7%, homeownership remains a distant goal for many living in the U.S. For real estate agents, this economic reality can present both challenges and opportunities, and determine strategies in markets across the country.

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Fannie Mae and Freddie Mac Further Support Renters 

Appraisal Buzz

The Federal Housing Finance Agency (FHFA) has announced greater rental housing support from Fannie Mae and Freddie Mac (the GSEs) by raising the multifamily loan purchase cap for each GSE to $73 billion, representing $146 billion in total 2025 multifamily market support and a more than 4% increase from 2024. The FHFA establishes the caps every year, and they are later included in Appendix A of the GSEs’ Conservatorship Scorecard , a set of annual priorities that they are expected to meet.

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Michael Chew: Outsourcing can prepare originators for market changes in 2025

Housing Wire

In this HousingWire executive conversation, Michael Chew, Division President at Consolidated Analytics , discusses the viability of task outsourcing as a method for saving time and money for loan originators —especially in preparation for market surges and shifts. Chew stresses the importance of offloading repetitive tasks to experienced teams , removing the need for rushed hiring and subsequent delays.

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Builders more optimistic about home sales post-election

Real Estate News

The construction industry expects the new administration to loosen regulations, which could boost sales, though other challenges remain.

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HUD looks to adopt industry standard URLA form for Title I loans

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) on Monday announced a proposal to shift its Title I home loan programs to the use of the Uniform Residential Loan Application (URLA) that would more closely align them with broader industry standards. The proposal, now available for review on HUD’s Single Family Drafting Table portal for proposed policies, will be available for comments from industry stakeholders through Dec. 18.

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Trends 2025: 9 opportunities for brokers adapting to a new world

Real Estate News

In a changing industry, brokerages and agents cannot simply maintain old practices. Those who want to thrive must embrace new ways to evolve and improve.

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Housing costs force Americans earning less than $50K to sacrifice

Inman

Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.

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MBA: Share of Mortgages in Forbearance Plans Increased in October 

Appraisal Buzz

The share of mortgages in forbearance increased to 0.47% as of October 31, up from 0.34% at the end of September, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. About 235,000 homeowners are currently in forbearance plans, the MBA estimates. As of the end of October, the share of Fannie Mae and Freddie Mac loans in forbearance increased 7 basis points to 0.20%.

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Homie: NAR created a ‘weapon’ that it used to block competition

Inman

In the latest filing in its quest for damages, Utah-based discount brokerage Homie asserted NAR, KW, RE/MAX and others created and enforced rules that amounted to an illegal conspiracy.

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Cornerstone Home Lending Promotes Jay Crowell to President of National Retail Division

Appraisal Buzz

Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending. Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. He was the company’s top originator between 2019 and 2022, and his team was ranked among the company’s top 10 origination teams each year since he joined.

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3 simple strategies top producers are carrying into 2025

Inman

It’s time for real estate professionals to get serious about their 2025 business outlook, assessing which measures to build upon and which ones to leave behind.

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MCT: Mortgage Lock Volume Increased 2.5 Percent in October

Appraisal Buzz

Despite market volatility, mortgage lock volume increased 2.5% in October compared with September, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets technology. October proved to be a dynamic month for the mortgage market, the firm says in its monthly report. An increase in mortgage rates, spurred by election volatility, led to a reversal of the refinancing uptick observed in September.

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NAR perks and lavish spending spotlight of New York Times report

Inman

Volunteer National Association of Realtors' leaders received perks and payment that lawyers say could run afoul of US tax laws, according to an investigation by the Times published on Monday.

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Residential Mortgages Experience Unchanged Lending Conditions, Weaker Demand in Third Quarter

Eyes on Housing

Lending standards were essentially unchanged for all residential mortgage categories in the third quarter of 2024, except for Subprime loans, according to the Federal Reserve Board’s October 2024 Senior Loan Officer Opinion Survey (SLOOS). Demand for most residential mortgage loans remained weaker across all categories in the quarter. Lending conditions for commercial real estate (CRE) loans were.

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AnnieMac notifies more than 170K customers of data breach

Inman

National mortgage lender offering affected customers free credit monitoring and identity theft protection after hackers accessed Social Security numbers in August data breach.

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How GoFormz Can Streamline Your Construction Business From Site to Office

GoForrmz

It’s time to simplify your construction workflows Efficiency and clear communication between the field and office are essential for successful construction companies. Construction teams face unique challenges, from staying updated on job site progress to adhering to construction safety protocols, all of which demand seamless workflows and reliable data sharing.

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What does true business alignment really mean?

Inman

True alignment, strategist Molly McKinley writes, offers opportunities for growth, innovation and transformation in both your business and the industry at large.

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A Resilient Rental Market Shows Positive Signs For Next Year

BiggerPockets

The newest Zillow Rental Market Report is out, and it’s showing ‘‘a softening of the rental market beyond regular seasonality.

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5 tips for converting online leads into clients today

Inman

With more homes likely hitting the market this fall, the epic housing shortage may finally be lifting. Here’s how to connect with consumers who may be dipping their toes into home buying after being sidelined in the too-hot housing market.

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13 Real Estate “Hotspots” to Invest In (2025 Update)

BiggerPockets

When you look at the “Hottest Real Estate Markets” lists from major publications, they often miss many crucial factors that truly make a market worth investing in.

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The 3 housing regions blazing the most extraordinary paths: Intel

Inman

A sleeping giant that's righting the ship. A crown-jewel destination that's still in freefall. And a white-hot zone trapped in a low-inventory quagmire. These are the three strangest housing regions in the U.S. today.

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Financial Freedom in 8 Years by Investing for Equity (NOT Cash Flow)

BiggerPockets

What if, within ten years, you could reach financial freedom? Imagine it.

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Mauricio Umansky: To be great, ‘you have to dare to be bad’

Inman

The Agency CEO this week predicted more change ahead for the real estate industry, said agents are angry, and argued in favor of raising the bar for obtaining a real estate license.

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The People Spoke Loud and Clear About Housing Affordability—What Does It Mean For Investors Long-Term?

BiggerPockets

Americans are becoming increasingly worried about housing costs, according to the Pew Research Center, with 69% of survey respondents reporting that they are “very concerned.