Mon.Nov 18, 2024

article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

article thumbnail

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.

Finance 221
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

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.

More Trending

article thumbnail

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.

article thumbnail

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 366
article thumbnail

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.

Marketing 370
article thumbnail

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.

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

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.

341
341
article thumbnail

Turkey ESCAPE

Appraisal Buzz

The post Turkey ESCAPE appeared first on Appraisal Buzz.

Appraisal 364
article thumbnail

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.

article thumbnail

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.

Retail 195
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

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.

article thumbnail

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.

article thumbnail

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.

Brokerage 261
article thumbnail

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%.

Mortgage 195
article thumbnail

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.

Brokerage 174
article thumbnail

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.

article thumbnail

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.

Law 167
article thumbnail

Housing starts gather some momentum in October

Mortgagebroker News

A pickup in single-family and multi-unit construction helped propel solid home construction last month, according to CMHC

article thumbnail

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.

article thumbnail

Canada gears up for a busy 2025 housing market

Mortgagebroker News

Falling interest rates and new mortgage rule changes are set to bring borrowers back into the picture

article thumbnail

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.

Mortgage 167
article thumbnail

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.

article thumbnail

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.

Inventory 161
article thumbnail

PBO: Housing crisis needs more than immigration cuts

Mortgagebroker News

Reduced immigration will help, but won't close the housing gap as much as Ottawa projects

76
article thumbnail

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.

Business 158
article thumbnail

Improved affordability in Canada's housing market comes with caveats

Mortgagebroker News

Mortgage payments decline, but high prices keep homeownership out of reach for many

article thumbnail

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.

Clients 158
article thumbnail

Canada's inflation could rise, but won't derail progress

Mortgagebroker News

Higher gasoline prices lift inflation, while softer labour markets and declining rates support future easing