Appraisal Buzz
DECEMBER 2, 2024
Nationwide, the average rent price fell by -0.8% to $1,720 in October, marking their 15th consecutive month of year-over-year declines and falling the most for smaller-sized units, according to Realtor.com’s October Rental Report. Realtor.com notes that new rental properties coming onto the market are expected to put continued downward pressure on rents next year.
Housing Wire
DECEMBER 2, 2024
Ryan Serhant ’s eponymous brokerage has been in rapid growth mode this year following the success of the Netflix show “Owning Manhattan,” and now investors want in on the action. SERHANT. announced Monday that it secured $45 million in a Series A funding round led by real estate venture capital firm Camber Creek and participation from Left Lane Capital.
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Appraisal Buzz
DECEMBER 2, 2024
A new report from doxo uncovers Americans’ cost of living based on the amount spent on household bills for the 50 largest cities in the nation (based on number of households). doxoINSIGHTS’ 50 Largest U.S. Cities Household Spend Report 2024 , which reflects actual bill payment activity across more than 97% of U.S. zip codes, reveals the most and least expensive largest cities for Americans to reside based on average spend per month on bill payments.
Housing Wire
DECEMBER 2, 2024
Despite being the beneficiaries of historic increases in home-price appreciation during and after the COVID-19 pandemic , older baby boomers — many of whom are approaching the age of 80 in 2025 — are now finding themselves challenged by a dearth of housing inventory that can best accommodate living in later life. This is according to a recent story published by Business Insider, which characterizes the dynamic as partially of the generation’s own making.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Appraisal Buzz
DECEMBER 2, 2024
Working through the new Market Conditions policy and advisory from Fannie Mae Did Fannie Mae just throw a wrench into how residential appraisal reports for mortgage transactions are completed with their recent announcement on Market Conditions? As an appraiser, it is highly likely at some point you will see the following or a similar request soon after your appraisal is submitted to your client, or even months after your appraisal is accepted by your client: Please provide support for your m
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
DECEMBER 2, 2024
The $444 million deal brings the 8th-largest brokerage firm into the Compass fold and represents the brokerage giant’s first major move into the global market.
Housing Wire
DECEMBER 2, 2024
Wells Fargo announced on Monday that it has expanded its $10,000 down payment grant program for underserved borrowers to an additional 12 metro areas, more than a year after initially launching it in eight markets. “We are expanding the availability of our Homebuyer Access grant program to additional areas to expand opportunities for low-to-moderate income homebuyers,” Kevin Reen, head of Wells Fargo Home Lending, said in a statement.
Appraisal Buzz
DECEMBER 2, 2024
Snapdocs , a provider of digital mortgage closing solutions, in partnership with Falcon Capital Advisors , has released research showing that eClosing technology provides lenders with a pricing advantage of up to 10 basis points. The advantage stems from accelerated loan delivery to secondary and capital markets. On average, lenders utilizing eClosing platforms closed loans five days faster, securing this pricing benefit by delivering loans into an earlier month’s mortgage-backed security.
Housing Wire
DECEMBER 2, 2024
Compass is heading into the final weeks of 2024 with a bang. On Monday, the firm announced its plan to acquire Christie’s International Real Estate and @properties. According to a press release, the merger is expected to close in 2025 and is subject to regulatory approval. In an 8-K filing with the Securities and Exchange Commission (SEC), Compass informed its shareholders that it will purchase the companies for $150 million in cash at closing, along with roughly 44.13 million shares of Compass’
Advertiser: Trellis
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Real Estate News
DECEMBER 2, 2024
Feel like housing forecasts have been off lately? That’s because the market hasn’t been behaving as expected. See which factors are playing a bigger role.
Housing Wire
DECEMBER 2, 2024
The reverse mortgage division of Rate , formerly known as Guaranteed Rate , has been on a mission to bolster its market presence for the past few years. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volume by roughly 870% year to date through July. Keeping that momentum going is a priority for Jesse Allen, who was recently announced as the president for Rate’s reverse lending division.
Real Estate News
DECEMBER 2, 2024
The National Association of Realtors reported having roughly 1.52 million members in December, despite growing pushback from agents and local associations.
Housing Wire
DECEMBER 2, 2024
Fitch Ratings announced Monday that it has revised its outlook for the mortgage origination and servicing sector in 2025 from “deteriorating” to “improving,” reflecting forecasts of lower mortgage rates. The credit rating agency sees higher origination volumes and gain-on-sale margins on the mortgage production front, leading to improved profitability for lenders.
Inman
DECEMBER 2, 2024
The deal is valued at around $444 million, with $150 million in cash and $294 million in equity. If finalized, it would merge the nation's No. 1 brokerage by sales volume with the No. 8 largest brokerage.
Housing Wire
DECEMBER 2, 2024
Despite gaining final approval of its commission lawsuit settlement agreement , the antitrust issues for the National Association of Realtors (NAR) are far from over. Last week, Luz de Amor Eytalis — the broker of Texas -based Strategic Realty — filed an antitrust suit in U.S. District Court in Wichita Falls, Texas. Eytalis filed an amended complaint to the suit a day later.
Inman
DECEMBER 2, 2024
The home was also designed to create a portable solution, as the home can be easily set up in almost any location. It comes pre-equipped with electricity and plumbing, ensuring essential amenities are available wherever it's placed.
Housing Wire
DECEMBER 2, 2024
In a recent episode of HousingWire Daily , host Sarah Wheeler sits down with Stan Middleman , the founder, president and CEO of Freedom Mortgage. The pair discuss Freedom’s adaptability-focused business approach, potential market risks in 2025 and how lenders can prepare for long-term success. This interview has been edited for length and clarity. To start the conversation, Middleman dives into his early career and his book, “Seeing Around Corners.
Inman
DECEMBER 2, 2024
Refresh your real estate brand for the new year with a branding health check-up list from coach Darryl Davis.
Housing Wire
DECEMBER 2, 2024
Movement is constant in the mortgage industry. The pressure to increase loan volume and demand for quality origination talent, especially given fluctuating interest rates, rising business costs, and shrinking profitability, has increased the competition for hiring proven business generators, teams, and branches, and has driven a rise in mergers and acquisitions intended to gain market share while decreasing overhead and consolidating operating costs.
Real Estate News
DECEMBER 2, 2024
Multiple filings were submitted last week related to the NAR settlement, eXp deal and a homebuyer case, while three new appeals were filed on Monday.
Housing Wire
DECEMBER 2, 2024
In a new episode of the “ Real Estate Insiders Unfiltered Podcast ,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors ‘ (NAR) Clear Cooperation Policy (CCP), among other subjects. This conversation has been edited for length and clarity.
Inman
DECEMBER 2, 2024
This week Intel explores the financial data behind three real estate companies that thrilled investors amid a stagnant market that stymied the competition: Compass, Zillow and The Real Brokerage.
Eyes on Housing
DECEMBER 2, 2024
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the October report showed a 6.4% increase. The monthly increase in total private construction spending was primarily driven by higher spending on residential improvements. Improvement spending surged by 2.7% in October and was 18.5% higher compared.
Inman
DECEMBER 2, 2024
A day after the settlement received final approval from Judge Stephen Bough, an entity known as Spring Way Center along with several homesellers appealed the deal.
BiggerPockets
DECEMBER 2, 2024
It’s the season for housing market predictions, and we know who to call!
Inman
DECEMBER 2, 2024
Megan J. MacArthur, a leader in luxury real estate with Aloha Sotheby’s International Realty, combines a strong community focus, strategic partnerships, and personalized client relationships to deliver exceptional results in Hawaii’s vibrant market.
BiggerPockets
DECEMBER 2, 2024
There’s something almost mythical about buying real estate in the United States. The dream of owning American real estate spans across the globe.
Inman
DECEMBER 2, 2024
Greystar opened its first modular apartment complex in Pennsylvania this week. Experts say the multi-billion dollar company's foray into modular building signals a significant shift into the practice in the U.S.
BiggerPockets
DECEMBER 2, 2024
Northwest Arkansas (NWA) is currently one of the best undervalued markets to be investing in, thanks to its combination of job growth, appreciation, and relative affordability.
Inman
DECEMBER 2, 2024
Implement these strategies from security expert Robert Siciliano to identify and protect yourself from misinformation, ensuring you're better prepared to navigate today's intricate information ecosystem.
Mortgagebroker News
DECEMBER 2, 2024
Borrowers and brokers are gearing up for a more positive buying environment in the year ahead – but how busy will things get?
Inman
DECEMBER 2, 2024
Mike DelPrete analyzes that near-monopoly the most prominent portals have in their markets and how that translates into pricing power.
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