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The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact.
Zillow has found that Hispanic homeowners are making great strides in narrowing the home value gap with white homeowners over the past two years—regaining ground lost during the pandemic. The gap is now the narrowest ever observed. Hispanic-owned homes are currently worth 11.9% less than homes owned by non-Hispanic white households, down from 12.1% last year and a recent high of 12.4% in December 2021.
The largest percentage for any August since 2019 is found in nearly half (48%) of all listings that have been active for at least 60 days. For the seventh consecutive month, the percentage of residences left unoccupied for at least 60 days increased annually—whereas it was 43.2% last month. For the fifth consecutive month, the percentage of homes listed for 60 days increased, according to recent Redfin data.
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.
Everyone involved in a transaction must steer clear of discriminatory practices, says NAR, warning sellers not to direct their agents to avoid certain buyers.
As of October, a new Credit Insurance Risk Transfer (CIRT) transaction has been completed, according to a new release from Fannie Mae. Mortgage credit risk worth $160.9 million was transferred to private insurers and reinsurers by CIRT 2024-H3. An estimated 19,000 single-family mortgage loans with an outstanding unpaid principle balance (UPB) of about $6.4 billion make up the covered loan pool for CIRT 2024-H3.
As of October, a new Credit Insurance Risk Transfer (CIRT) transaction has been completed, according to a new release from Fannie Mae. Mortgage credit risk worth $160.9 million was transferred to private insurers and reinsurers by CIRT 2024-H3. An estimated 19,000 single-family mortgage loans with an outstanding unpaid principle balance (UPB) of about $6.4 billion make up the covered loan pool for CIRT 2024-H3.
More than 89 percent of active sellers told Intel they're open to covering the buyer’s commission — even as homebuyers increasingly seek to negotiate lower commission rates with their own agents.
As all lenders have “skin in the game” on every loan, rigorous quality control across the lending lifecycle is imperative. However, manual reviews of appraisals, property condition, renovation estimates, and more do not scale efficiently. Meanwhile, incomplete or inaccurate information can lead to faulty lending decisions that put lenders and their AMCs at risk.
The firm has brought on four new high-earning teams in New York, New Jersey and South Carolina in recent weeks as it continues to expand along the East Coast.
Have you tuned in? Industry experts break down the latest and most pressing topics in real estate on Market Moves with Mark and Jeff. HOUSTON, TX (Oct. 14, 2024) – Accurity Consolidated Chief Executive Officer (CEO) Mark Verrett and Chief Knowledge Officer (CKO) Jeff Morley have teamed up to launch a dynamic new podcast, Market Moves with Mark and Jeff.
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.
By integrating with Restb.ai’s proven AI, Lundy’s application should quickly enhance its overall accuracy in search returns, including being more specific about home characteristics specific to the needs of visually impaired buyers.
Downtowns were hit pretty hard during the pandemic: the “Great Reshuffle,” remote and hybrid work, and rising cost of living all contributed to a loss of economic activity. But a new study by Square shows that local economies are starting to thrive, fueled by neighborhoods and suburbs outside the city center. Square analyzed food and beverage transactions in Q1 2020 versus Q1 2024 in New York, San Francisco, and Washington, D.C. to uncover where consumers have shifted their spending across these
Zillow President Susan Daimler spoke to Inman about supporting Clear Cooperation and what an industry without the rule could look like for real estate agents, consumers and portals.
Matt Collins has joined Westcor Land Title Insurance Company as underwriting counsel, as part of the Southwest regional team. Collins’ diverse career includes over 35 years practicing law with extensive experience in real estate transactions, title disputes, recoupment, and creditor bankruptcy representation, Westcor says in a release. He has served as a dedicated legal professional in various roles, including underwriter/in-house counsel with a national title underwriter and associate attorney
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.
Preparing for the roller coaster ride of a real estate career? Rachael Hite offers new agents the advice she wishes she'd gotten when she was just starting out.
First American Title Insurance Company is expanding its AgentNet platform with new products and services, including AgentNet Marketing, featuring access to a full library of ready-to-go online and printed materials, and AgentNet Finance, offering technology-forward financial products developed specifically for title and escrow agents, including banking relationships and trust accounting services that protect business operations and help meet compliance requirements.
This new legislation, introduced by council members Tiffany Cabán and Shaun Abreu, aims to address the risks posed by older buildings that were not covered by Local Law 15 and prevent bird collisions, which account for the death of approximately 250,000 birds in NYC annually.
Think of public housing, and a familiar picture comes to mind: hulking, run-down brick tenement buildings, graffiti-strewn malfunctioning elevators, crime, drugs, and all the social ills that go with it.
Nestled in Hesperia, a city in California's San Bernardino County boasting around 100,000 residents, the development known as Silverwood isn’t merely adding 15,000 houses to the dry terrain — it aims to bring life and kindness to the desert,
Learn how building a successful real estate investing team is like assembling an NFL team, with the right mix of talent, clear goals, and strong communication.
The GoFormz team is going abroad this October for Field Service Europe 2024 Connect with our team in Amsterdam at Field Service Europe 2024 this October 28-30! We’ll be at booth #202 showcasing how GoFormz mobile forms can transform your manual processes and modernize your business. Stop by to say hello to the team, watch a demo, and enter for a chance to win a set of Apple AirPods!
FALL FUN IN THE BERKSHIRES It’s no secret that the leaves have begun to change! As the air turns crisp, the Berkshires come alive with a vibrant array of fall activities that celebrate the season’s beauty. This picturesque region of Western Massachusetts is not just about stunning foliage; it’s a playground for autumn enthusiasts seeking adventure, relaxation, and a taste of local charm.
HGTV home flips are not the real world, so why do so many "investor wanna bees" swallow that hook? In just 22 minutes, you see homes transformed from disasters to diamonds, complete with upbeat hosts exchanging forced banter and crews magically working under budget. Sure, it’s entertaining, but many gullible viewers buy into the fantasy of “getting rich by flipping homes,” only to have it end badly.
Fannie and Freddie have been toiling at the coalface of “synthetic appraisals” – “black box valuations.” In the 1960s, technocrats at the Pentagon used the latest IBM mainframe computers to analyze complex data related to the Vietnam War. Planners fed punch cards into the machines and ran endless simulations, hoping to determine strategies for winning the war.
This piece originally appeared in the October 2024 edition of MortgagePoint magazine, online now. On July 10, 2024, the Consumer Financial Protection Bureau (CFPB) introduced a proposed regulatory amendment aimed at intensifying the obligations of mortgage servicers to assist borrowers prior to initiating foreclosure proceedings. This proposal represents a substantial modification of existing regulations mandating that servicers exhaust all potential loss mitigation options before commencing f
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