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.
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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.
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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.
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.
Inman
DECEMBER 2, 2024
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.
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.
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.
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
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
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
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.
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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
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.
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.
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.
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
Refresh your real estate brand for the new year with a branding health check-up list from coach Darryl Davis.
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
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.
BiggerPockets
DECEMBER 2, 2024
It’s the season for housing market predictions, and we know who to call!
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.
Mortgagebroker News
DECEMBER 2, 2024
Q3 report reveals strides in addressing Canada's rental supply gap
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.
Mortgagebroker News
DECEMBER 2, 2024
Unemployment edges higher while job growth struggles to keep pace with population increases
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.
Mortgagebroker News
DECEMBER 2, 2024
How mortgage pros can flourish in an evolving world
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.
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