Fri.Dec 06, 2024

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Manufactured Homes Appreciating at Rates Comparable to Site-Built Homes

Appraisal Buzz

A recent analysis of Federal Housing Finance Agency (FHFA) data by the Urban Institute dispels the myth that manufactured homes do not appreciate as much as site-built homes. The report , which includes government-sponsored enterprise (GSE) mortgage data for manufactured homes, reveals that between 2000 and 2024, manufactured homes appreciated at nearly identical rates to site-built homes, growing approximately 5% annually.

Law 397
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Real estate newsletters: The ultimate playbook (+ 49 topic ideas & subject lines)

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spel

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Home Price Growth to Decelerate Over the Next 24 Months

Appraisal Buzz

According to the Q4 2024 Fannie Mae Home Price Expectations Survey (HPES) , following an average expectation for national home price growth of 5.2% in 2024, a panel of more than 100 housing experts forecasts home price growth to decelerate to 3.8% in 2025 and 3.6% in 2026. The panels estimates of national home price growth represent an upward revision from last quarters expectations of 4.7% for 2024, 3.1% for 2025, and 3.3% for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI).

Inventory 394
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Mortgage rates fall on jobs week data

Housing Wire

Mortgage rates fell this week and they are now far from the levels widely discussed after the election. With the final jobs report for 2024, mortgage rates made a nice move lower today, and its been a positive story this week. We discussed this possibility in last weeks Housing Market Tracker : Will there be a Santa Claus rally in mortgage rates? Economic data has played a significant role in the market, unlike speculative theories.

Mortgage 468
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Empty Nests: What Impact is Aging in Place Having on U.S. Housing Supply? 

Appraisal Buzz

The nations housing deficit has long been thought to be alleviated by a silver tsunamian anticipated influx of properties from elderly owners who will downsize or otherwise move on. However, recent Zillow research indicates that these properties are probably positioned far from the areas where they are most needed. Even if we did see a silver tsunami, a look at the map tells me it wouldnt really move the needle in terms of solving our housing affordability crunch, said Orphe Divounguy, Senior Ec

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eXp Realty adds rockstar agent Joshua Smith to its network

Housing Wire

Brokerage giant eXp Realty is adding a superstar agent to its ranks. The company announced the recruitment of Phoenix -based agent Joshua Smith, a high producer who closed 297 transactions in 2023. Smith is the latest addition to eXp Realty’s expanding global agent network. According to the brokerage, Smith has been a standout in the real estate business for 20 years.

Realty 396

More Trending

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Reflecting on the Hurricane Helene relief effort with Leigh Brown

Housing Wire

Real estate agents are no strangers to going out of their way to help their local communities. According to the National Association of Realtors (NAR) Community Aid and Real Estate (CARE) Report published in May, nearly 70% of all NAR members reported that they volunteered at least eight hours a month in 2023. Leigh Brown , the broker-owner of North Carolina -based One Community Real Estate , is one such Realtor with a penchant for volunteering.

Realtors 370
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Rocket Mortgage Seeks to Have Appraisal-Related DOJ Lawsuit Dismissed

Appraisal Buzz

Rocket Mortgage reports that it has filed a suit in Federal District Court against the U.S. Department of Housing and Urban Development (HUD) to correct conflicts between the governments regulations requiring appraiser independence and its enforcement actions seeking to hold lenders liable for the conduct of independent licensed appraisers. Rocket Mortgage has also filed a motion to dismiss the claim the DOJ brought against the company based on the same regulatory conflicts and misapplication of

Appraisal 195
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November jobs report shows a still-strong labor market

Housing Wire

The U.S. job market performed better than expected in November, gaining 227,000 nonfarm payroll jobs from a month prior according to data released Friday by the U.S. Bureau of Labor Statistics (BLS), sending mixed messages ahead of the Federal Reserve ‘s meeting next week. Todays report shows a strong labor market, but the employment picture has been a little bumpy over the past few months, as weather events and large labor strikes have complicated the outlook, Lisa Sturtevant, the chief

Marketing 418
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PropMix Seeking Senior B2B Sales Executive

Appraisal Buzz

The ideal candidate leverages strong relationships in target customer segments, deeply understands real estate technology, excels in enterprise sales, and navigates complex sales cycles effectively. Job Summary: We are seeking an experienced and results-driven Senior B2B Sales Executive to join our growing team. This individual will play a pivotal role in driving revenue growth by leveraging their established relationships within our target customer segments.

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Century 21 expands in Massachusetts through acquisition

Housing Wire

Anywhere brand Century 21 is growing its presence in Massachusetts. On Thursday, the Century 21 Custom Home Realty affiliate announced its acquisition of Mansfield, Massachusetts-based Monarch Realty Group. The financial terms of the deal were not disclosed. Through this acquisition, the firm now boasts 60 real estate agents and four offices. Bringing Monarch Realty Group into the CENTURY 21 Custom Home Realty family will provide its affiliated agents with advanced systems and tools and empower

Realty 397
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Unemployment Rate Flat at 4.2 Percent as U.S. Economy Adds 227,000 Jobs in November

Appraisal Buzz

Roughly 227,000 jobs were added to the U.S. economy in November, above expectations, while the unemployment rate was flat at 4.2%, according to the U.S. Bureau of Labor Statistics. Sectors that saw significant increases in job growth included health care, leisure and hospitality, government, and social assistance, while the retail sector lost jobs. About 7.1 million Americans were unemployed as of the end of the month.

Retail 195
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UWM boosts unsecured debt offering to $800M

Housing Wire

UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UWM), has raised $800 million through an unsecured debt offering, a 60% increase from its initial plan. The offering, targeted at qualified investors, priced at 6.625% with senior notes due in 2030. These notes are guaranteed on a senior unsecured basis by UWM and share equal payment priority with the companys existing senior unsecured notes.

Investors 369
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‘Unfiltered’: Which real estate companies are winning right now

Real Estate News

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Masiello plaintiff, Realty ONE Group seek to dismiss the brokerage from commission lawsuit

Housing Wire

The Masiello copycat commission lawsuit plaintiff and Realty ONE Group Arizona have filed a joint motion to dismiss the brokerage defendant from the suit with prejudice. The motion was filed on Thursday in U.S. District Court in Phoenix. According to the motion, the desire to dismiss the suit comes from Realty ONE Groups settlement in the Gibson suit , which was granted final approval in late October.

Realty 397
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What a better-than-expected jobs report means for mortgage rates

Real Estate News

Mortgage 167
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NYC council approves sweeping plan that includes 82,000 homes

Housing Wire

The New York City Council this week narrowly passed a housing plan backed by Mayor Eric Adams (D) known as City of Yes, which calls for the construction of 82,000 new homes over the next 15 years in the Big Apple. The passage of the plan has been characterized as some of the citys most significant strides in decades to address its housing crisis. But the plan backed by a mayor who is currently embroiled in a high-profile legal case in which the U.S.

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The mortgage industry has an age problem

Real Estate News

Mortgage 167
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Reverse pro turned customer shares insights gained from the other side of the table

Housing Wire

Tim Nelson, reverse department manager at VIP Mortgage , is a 35-year veteran of the mortgage business, and he has been solely focused on reverse mortgages for the past 15 years. Nelson recently sat down with HousingWire s Reverse Mortgage Daily (RMD) to share perspectives on what it was like to move from being a reverse mortgage industry professional to a customer.

Insurance 370
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Embattled sale-leaseback platform EasyKnock closes its doors

Inman

Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut downabout two weeks after being sued by Connecticut's Attorney General.

Tools 153
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Market Trends and Market Conditions Adjustments Appraisals

Appraisal Today

Newz: GSE New Market Conditions Policy, State Board Complaints, Waivers December 6, 2024 Whats in This Newsletter (In Order, Scroll Down) LIA ad– Navigating Value Revisions in Appraisals Market Trends and Market Conditions Adjustments. A Ferrari Inspired Masterpiece With 20K square Feet of Luxury Resort Amenities Listed at 55 Million in Delray Beach FL November 2024 Real Estate Market Update By Kevin Hecht 5 Tips to Handle Appraisal Board Complaints Correcting the Record: Accurate Groups C

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Hiring slows and unemployment rises, boosting odds of Fed rate cut

Inman

Employers added 227,000 workers to their payrolls in November, but with 7.1 million Americans out of work the unemployment rate is back up to 4.2 percent.

Mortgage 152
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Zillow Paints Rosy Picture for What’s to Come in the Housing Market

BiggerPockets

After the roller-coaster ride of the last few years, listings and data analytics site Zillow have painted a generally optimistic outlook for residential real estate in 2025, with more inventory […]

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Get ready for ‘the Costco door,’ a Mormon trend set to sweep the US

Inman

We already have Mormon moms to thank for the resurgence of Stanley cups, and now they're putting another trend on the map the Costco door. The Costco door is a 3-by-3-foot ground-level door that connects the garage and pantry.

Design 143
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Real Estate Scams Keep Getting Worse—Here’s How to Protect Yourself

BiggerPockets

Unfortunately, scams are becoming increasingly sophisticated, and property owners are often targeted by fraudulent contractors, fake insurance policies, and deceptive property transactions.

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Aquisitions, appeals, approvals: Inman’s Top 5 stories of the week

Inman

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 141
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BiggerNews: The 2024 Housing Market in Review (What’s Coming Next?)

BiggerPockets

The 2024 housing market was nothing short of “wild,” to put it lightly. We came from years of unprecedented growth, rock-bottom mortgage rates, and fiery homebuyer demand.

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Tap into the power of social media for authentic connections

Inman

Rick Guerrero interviews mortgage pro and social media expert Kayla Kallender about the impact social media marketing can have in growing a business.

Business 137
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10 Gold Mine Markets for Your Next Short-Term Rental

BiggerPockets

Another year, another list.

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Nailed it! 7 pricing strategies to help you avoid costly listing pitfalls

Inman

Focusing on absorption rates, tier pricing and specific neighborhood trends allows you to price your listings more accurately, trainer Bernice Ross writes.

Agents 132
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John Millen and Patrick Kennedy Inducted as 2025 RACM Vice President and Treasurer

Lamacchia Realty

John Millen and Patrick Kennedy Inducted as 2025 RACM Vice President and Treasurer On December 5th, 2024, The REALTOR Association of Central Massachusetts (RACM) held its annual Installation ceremony in Worcester. At the ceremony, John Millen, Lamacchia Realty Director of Business Development , was inducted as RACM’s 2025 Vice President, and Patrick Kennedy, Lamacchia Realty REALTOR was inducted as RACM’s 2025 Treasurer!

Realty 66
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1st-time attendee? What to expect from Inman Connect New York

Inman

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding, and market strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.

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RBC economist sees housing market recovery picking up pace

Mortgagebroker News

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Suiting up for growth at Inman Connect New York 

Inman

Inman Connect New York is renowned for gathering the brightest minds in real estate, offering unparalleled access to expert insights and networking opportunities. This January, join industry leaders at the Hilton Midtown for transformative discussions on technology, branding, and market strategies to propel your business into 2025. Discover how to leverage this premier event to enhance your professional growth and adapt to the ever-changing real estate landscape.