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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.
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
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).
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.
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.
The Homeowner Equity Report (HER) for Q3 of 2024 was recently published by CoreLogic. According to the research, home equity for U.S. homeowners with mortgageswho own about 62% of all propertiesrose by $425 billion since the third quarter of 2023, representing a 2.5% annual gain. As a result, the total net homeowner equity reached over $17.5 trillion in the third quarter of 2024.
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.
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.
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
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.
In lawsuits filed this fall, Douglas Elliman accused escrow employees of concocting a commission-sharing scheme with the "star of a reality television show" but stopped short of naming Oppenheim.
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
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.
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
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.
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
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.
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.
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.
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
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.
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.
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.
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.
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.
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!
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.
Unfortunately, scams are becoming increasingly sophisticated, and property owners are often targeted by fraudulent contractors, fake insurance policies, and deceptive property transactions.
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 […]
Focusing on absorption rates, tier pricing and specific neighborhood trends allows you to price your listings more accurately, trainer Bernice Ross writes.
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.
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.
Youve made the big decision: Youre ready to buy a home! Whats next? A great first step is to receive a mortgage pre-approval. What is a pre-approval, what are its benefits and how can you get one? Read on to learn all about this important piece of the home purchasing and financing process. Understanding Mortgage Pre-Approval If youre like most homebuyers, you will be looking to finance your new home.
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