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As wildfires tear through Southern California and firefighters battle winds up to 100 mph, tens of thousands of residents have evacuated. The looming impacts on real estate and insurance are also at the forefront of Californians minds. According to Anthony Marrone, the fire chief for Los Angeles County , the wildfires have torched more than 1,000 structures, killing at least two people and injuring several more.
The CoreLogic Home Price Index (HPI) and HPI Forecast for November 2024 have been made public by CoreLogic. Gains in home prices in the U.S. have not increased since November of 2022, but 17 states have set new records, and the country as a whole is predicted to achieve a new high this April when the usually hectic homebuying season gets underway. The increase coincided with Freddie Macs announcement that 30-year fixed-rate mortgages increased to about 7% at the start of 2025the highest level si
The Real Brokerage is a already a top 10 company in terms of transaction volume and sides and it continued its growth this week in two of the nation’s most populous states. Miami -based Real on Tuesday announced the addition of Harvest Realty , an independent brokerage in Southern California with 550 agents. Led by the husband-and-wife team of John Zhang and Christine Li, Harvest specializes in serving the Chinese community in SoCal.
According to new Zillow research, Buffalo, New York, is projected to be the hottest major housing market in 2025. This is the first time a market has held the title for consecutive years. What should be the most competitive markets for buyers this year share two characteristics: relative affordability and a dearth of available homes. Construction that keeps pace with an areas growth remains a crucial piece of keeping homes available and accessible.
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.
As mortgage rates continue to climb past the 7% mark, applications continued to take a step back following the New Year’s Day holiday. Demand decreased by 3.7% from the week prior, the Mortgage Bankers Association (MBA) reported in its weekly mortgage applications survey for the week ending Jan. 3. While mortgage application volume decreased on a seasonally adjusted basis, the MBA’s index jump 47% from the previous week on an unadjusted basis.
[link] You’ve dealt with unique properties and even luxury homes. But have you ever appraised a stately Old-World manor that’s been around since the Restoration? How do you put a value on history? Join Hal Humphreys for a special Irish edition of the Appraisal Buzzcast. He and his guest, Irish auctioneer and valuer John FitzGerald, sit down together in the elegant parlor at Lismacue House in County Tipperary, to talk about the stories old houses tell and how to put a price on the pri
[link] You’ve dealt with unique properties and even luxury homes. But have you ever appraised a stately Old-World manor that’s been around since the Restoration? How do you put a value on history? Join Hal Humphreys for a special Irish edition of the Appraisal Buzzcast. He and his guest, Irish auctioneer and valuer John FitzGerald, sit down together in the elegant parlor at Lismacue House in County Tipperary, to talk about the stories old houses tell and how to put a price on the pri
Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue higher returns on investments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. These changes are expected to result in a workforce reduction of less than 5% of Ally’s approximately 11,000 employees.
After dropping 21.9% during the final two full weeks of 2024, mortgage application volume continued to sink 3.7% during the week ended January 3, as the average rate for a 30-year, fixed-rate mortgage continued to climb to 6.99%, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Applications for refinances increased 2% compared with the previous week but were down 6% compared with the same week one year ago.
Mortgage and title clients are undergoing a significant transformation with the shift from Encompass Software Development Kit (SDK) to Encompass Partner Connect (EPC). This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. However, for many lenders and title agents, the path to compliance can be a bit too much to handle while running a business and dodging compliance risks.
LA-area agents on Wednesday told Inman that they were checking in on clients and keeping an eye on evacuation orders while lamenting the "catastrophic" toll the wildfires were taking on the community and real estate market.
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.
Miami became one of the hottest destinations in the country after the COVID-19 pandemic began, and homeowners have reaped the benefit in the form of ballooning home equity. But homeowners in the area are also facing a serious unintended consequence of that skyrocketing property taxes. According to a new report from CoreLogic, median property tax payments in Miami-Dade County have risen 56.8% since 2019, and theyve jumped 56.8% in neighboring Broward County.
Dangerous and discriminatory misconceptions about the purpose of home loans from the Veterans Administration may be keeping hard-working and well-prepared military veterans from the American dream of homeownership, veteran and team leader Cheryl Arroyo writes.
Bayview Asset Management and three subsidiaries have agreed to pay a $20 million fine and implement a corrective plan following a 2021 data breach that affected 5.8 million customers. The settlement, announced Wednesday by the Conference of State Bank Supervisors , involves 53 state financial regulatory agencies. It includes Bayview and three of its affiliates, Lakeview Loan Servicing , Community Loan Servicing and Pingora Holdings.
With mortgage rates back to where they were last summer, purchase applications are coming in at the slowest pace since February 2024, Mortgage Bankers Association lender survey finds.
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.
Forty-five percent of retirement-age survey respondents are concerned that they will outlive their savings while 25% spend nearly one-third of their monthly income on housing costs. This is according to new data released by Clever Real Estate. The survey results show stark declines in overall financial sentiment based on responses from 1,000 retired Americans at least 62 years old, with a median age of 70.
Traci Husslein has been promoted to senior vice president, capital markets at mortgage lender Waterstone Mortgage. With the advancement, Husslein has also joined the Waterstone Mortgage executive team. Husslein has nearly 30 years of experience in the mortgage lending industry, including 17 years at Shelter Mortgage (formerly Guaranty Bank). She joined Waterstone Mortgage in 2014 as vice president, capital markets and was instrumental in the establishment and growth of the capital markets depart
California -based direct lender AmeriTrust Mortgage announced a new addition to its leadership team. The company welcomed veteran mortgage executive Jett Farrington this week as its new chief operating officer. Farrington joins a C-suite leadership team consisting of CEO Chad Schoep and chief financial officer Tapan Patel. The Arizona State University graduate announced his new role via a LinkedIn post on Monday.
The three-person team, led by real estate professional Shane Burgman, brings a wealth of experience to Real. Over the course of his 10-year career, Burgman has sold an average of 50 homes per year, totaling over $200 million in sales.
Less than a year after taking the helm, Amy Lessinger has announced her resignation as the president of RE/MAX. The brokerage franchisor publicized Lessingers resignation through a document filed with the Securities and Exchange Commission (SEC) on Wednesday. Lessinger informed the company of her resignation, which is effective Jan. 17, on Friday. No reason was listed for Lessingers departure.
Bayview Asset Management and affiliates settle allegations that security was deficient and state regulators were stymied in investigation of 2021 incident affecting 5.8 million customers.
Robert Reffkin has been outspoken and growth-focused, landing at No. 1 on the 2025 SP 200. At No. 2? Another disruptor-turned-dominator, eXps Glenn Sanford.
Lower will integrate Neat Labs' technology into its own cloud-based originations platform and onboard co-founder Steve Herschleb as chief technology officer, executives announced Tuesday.
If youre considering a fresh new look for your marketing collateral and platforms in 2025, marketing expert Jon Krabbe writes, Mocha Mousse is a perfect choice.
Lamacchia Realty's Top Producing REALTORS for December 2024! Lamacchia Realty, Inc. has released its Top Producing REALTORS, for December 2024! This program recognizes the Top 10 REALTORS company-wide and the Top 3 or 5 REALTORS by office with the highest transaction numbers or sales for the month! December 2024 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.
The Market Composite Index, a measure of mortgage loan application volume from the Mortgage Bankers Association’s (MBA) weekly survey, increase marginally by 2.9% month-over-month on a seasonally adjusted (SA) basis. Compared to December 2023, the index is higher by 10.2%. The Market Composite Index includes the Purchase and Refinance Indices, which saw monthly gains of.
Century 21 is kicking off the year with its first-ever "30 under 30" list, celebrating the next generation of brokerage leaders. The honorees were chosen based on their strong sales productivity, high client satisfaction, consistent community involvement, and robust social media presence.
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