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Prince told us to party like its 1999but our economy is still operating like its 1989. And for working people, that party ended a long time ago. This week, the headlines are full of big, bold numbers. The S&P CoreLogic Housing Price Index shows home prices continuing to climb. Real gross domestic product (GDP) increased at an annual rate of 2.45% in the fourth quarter of 2024.
U.S. Sens. Jack Reed and Bill Hagerty have reintroduced the Homebuyers Privacy Protection Act , a measure drafted to reduce spam calls, texts, and emails from irresponsible players in the mortgage industry. The bipartisan Homebuyers Privacy Protection Act would crack down on the misuse of mortgage trigger leadswhich occur when a consumers credit inquiry triggers the sale of their information to third-party lenders and businesses.
U.S. foreclosure activity rose in the first quarter of 2025, ending a nine-month streak of declines according to new data compiled by real estate analytics firm ATTOM. A total of 93,953 properties had foreclosure filings between January and March 2025 an 11% increase from the previous quarter. While that figure marks a 2% drop compared to the same period last year, it signals growing financial strain among some homeowners, ATTOM CEO Rob Barber said.
According to doxos 2025 U.S. Household Bill Pay Report, the average customer spends $24,695 annually on household expenses. The thirteen most important household bills total $3.45 trillion of The Bill Pay EconomyTM of 2025, which comes to a total of $4.55 trillion. In addition to breaking down the household spending market size for each of these bill categories, the percentage of households that pay each bill, and the median monthly and annual bill pay costs by state, the report found that the a
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.
While Compass was pleased when the National Association of Realtors (NAR) made changes to its Clear Cooperation Policy (CCP) through its newly announced Multiple Listing Options for Sellers (MLOS) policy , founder and CEO Robert Reffkin made it clear that these changes were not enough. Expanding choice means that NAR is still not letting homeowners choose precisely how to market their homes, but this is a small step in the right direction, Reffkin wrote in an email to HousingWire in late March.
The median-priced property for sale requires an annual income of $116,633, which is 81.8% higher than the $64,160 required to rent a typical apartment, according to new Redfin report. The average U.S. property for sale last year required a salary of $110,808, which is 73.1% higher than the average rental income of $64,000. To afford the average property for sale two years ago, they had to make $101,341, which was 54.5% higher than the average rental income of $65,600.
The median-priced property for sale requires an annual income of $116,633, which is 81.8% higher than the $64,160 required to rent a typical apartment, according to new Redfin report. The average U.S. property for sale last year required a salary of $110,808, which is 73.1% higher than the average rental income of $64,000. To afford the average property for sale two years ago, they had to make $101,341, which was 54.5% higher than the average rental income of $65,600.
NextHome is joining eXp Realty in committing to Zillow s new listing standards. The firm announced its decision to sign on to Zillow s new standards on Friday. “Partnering with Zillow to commit to listing transparency is simply the right thing to do for homebuyers and sellers across America. Prioritizing humans over houses is a core value at NextHome because it builds trust and fosters a more informed and confident client base which we believe puts our agents in a position to win,” J
The 15th Annual Five Star Government Forum , set for Wednesday, April 16 from 8:00 a.m.-5:00 p.m., is a daylong gathering where mortgage servicing leaders and government agencies can discuss the industrys most pressing issues and work to find solutions together. Join top servicing executives, representatives from top government agencies, and others as we chart the course for the housing economy in 2025 and beyond.
United Wholesale Mortgage (UWM) recently announced a series of legal victories in its ongoing litigation surrounding the controversial All In Addendum. The clause, colloquially referred to as “The Ultimatum,” forbids broker partners who send loans to UWM from also doing business with Rocket Mortgage and Fairway Independent Mortgage Corp.
Brendan Kelleher has been appointed associate vice president of government housing finance at the Mortgage Bankers Association (MBA). Kelleher joined MBA in 2022 as the associate director, residential loan administration policy, before being promoted to director, residential loan administration policy. Prior to MBA, he held a series of ascending roles at Rocket Companies, most recently serving as director of public policy and government affairs before joining MBA.
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.
Following an uproar from senior-focused interest groups regarding a controversial new policy that would require identity verification in-person at its field offices, the Social Security Administration (SSA) has walked back the policy according to its own social media posts and an announcement from AARP. Beginning on April 14, [ Social Security ] will perform an anti-fraud check on all claims filed over the telephone and flag claims that have fraud risk indicators, the SSA announced earlier this
Updated NAR rules, communication with visitors and appropriate hosting times can all impact the leverage provided by a well-planned open house, Andrew Reichek writes.
La Rosa Holdings Corp. has introduced a new commission advance program aimed at providing its real estate agents with faster access to earnings while establishing an additional revenue source for the company. The program, operated through a newly formed subsidiary, allows La Rosa agents to receive early payment on pending real estate commissions. In return, the company will collect 15% of the total commission from participating agents.
While most remodels arent driven by plans to sell, homeowners should consider the long-term returns and the upgrades agents say buyers are most interested in.
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 Consumer Financial Protection Bureau ( CFPB ) announced on Friday that its rescinding a rule from the previous administration that requires nonbank financial services providers to register certain enforcement actions and court orders with a new federal database. The regulation was the target of criticism from the mortgage industry. In practice, the CFPB said it will not prioritize enforcement or supervision actions against entities that fail to meet upcoming deadlines, as it pursues a new ru
Synonymous with record-breaking sales, unmatched expertise and excellence in client service, Inman puts the call out to the real estate community to recognize those with distinction in the luxury market. Nominations close on May 1.
Prices for inputs to new residential constructionexcluding capital investment, labor, and importswere up 0.6% in March according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The increase in February was revised upward to 0.7%. The Producer Price Index measures prices that domestic producers receive for their.
Judge Stephen R. Bough is refusing to step down from overseeing the Gibson commission lawsuit. “Litigation strategy and not ethical concerns” drove the recusal calls, the judge said in a filing on Thursday. Howard Hanna was the first defendant to ask the court for Judge Boughs recusal. HomeServices of America parent company Berkshire Hathaway Energy and brokerage defendant Crye-Leike later joined its motion.
If you wish to elevate your real estate business, do as Chavarria does, Rick Guerrero writes: Talk with people, connect on a human level and never let a chance slip away to show that you care.
In an exclusive HousingWire virtual event , HousingWire President Diego Sanchez led a powerhouse discussion with three of the most respected voices in housing: Ivy Zelman, Logan Mohtashami, and Dale Wettlaufer. The panel dissected the housing market’s current state marked by rising inventory, affordability challenges, elevated mortgage rates , and investor uncertainty and what it all means for the rest of 2025 and beyond.
The Amazon founder has sold his luxurious estate in Hunts Point, just outside of Seattle, for $63 million -- setting a a new state record, the "Puget Sound Business Journal" reported Thursday. It's the second time that this particular property has made history.
Illustration of Zillow CEO Jeremy Wacksman climbing a mountain. Image created with ChatGPT 4o. It goes without saying that I love all of my children (companies that I cover) equally. But give me a couple Manhattans on a Friday night and I might tell you, Yes, reader, I do have a couple favorites. Zillow is one of my favorites. And heres why it is the only company in the housing space that is a verb.
NextHome joins eXp as an official partner in the move to bar listings that are publicly marketed but off-MLS, while eXp explains how its Exclusives fit in.
Varun Krishna is back. And the timing couldnt be more electric. The Rocket Companies CEO returns to the stage at The Gathering 2025 for a keynote fireside chat just months after shaking up the housing landscape with the huge acquisitions of Mr. Cooper and Redfin. Krishna is executing a bold strategy to integrate real estate, mortgage, and servicing into a seamless, end-to-end consumer platform and hes doing it with precision.
360training.com, Inc. , a provider of regulatory-approved training and compliance solutions, is acquiring My Mortgage Trainer , an NMLS-approved provider of mortgage education and compliance training. Terms of the deal were not divulged. The acquisition reflects 360trainings continued commitment to expanding its footprint in the financial services sector and delivering comprehensive learning solutions to professionals nationwide.
The story of the U.S. housing market is really a tale of two markets a hot sellers market where listings last less than three weeks before being snatched up and a slower buyers market in which buyers have the luxury of being picky and homes sit on the market for nearly two months. Thats the picture painted by a new market study by Clever Real Estate, which found that in the ten slowest-selling U.S. markets, homes sell in a median of 57 days compared to a national average of 37 days.
Austin James Realty's team is heading to Keller Williams Coastal Virginia Chesapeake, executives announced Thursday. In 2024, the team inked 117 transactions totaling $36.1 million in sales.
U.S. home prices increased 0.3% in February compared with January and were up 2.9% compared with February 2024, according to the latest home price index report from Cotality (formerly CoreLogic). Currently the firm is forecasting that home prices will increase 4.2% over the next 12 months. Currently, the median national price for a home is $385,000.
A recent NAR report suggests there may be a growing generational gap among sellers who choose to list on the MLS. Plus, the share of first-time buyers plunged.
Inman's tech expert Craig Rowe reviews Virtuo, software that brings together homebuilders, agents and buyers into a single ecosystem to ensure every stage of the purchase process remains connected.
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