Housing Wire
SEPTEMBER 24, 2024
Home prices have reached yet another all-time high, but the pace of growth is slowing. That’s according to the S&P CoreLogic Case-Shiller Index for July, which shows U.S. home prices rising 5% year over year. Growth in major U.S. cities was even higher, as the 10-city composite index was up 6.8% year over year and the 20-city composite index was up 5.9%.
Appraisal Buzz
SEPTEMBER 24, 2024
Anchoring the first full day of the 21 st annual Five Star Conference at the Omni Dallas Hotel, the Keys for Life Luncheon, hosted by Freedom Mortgage Corporation, brought together attendees for a ceremony that honored both the 2024 Lifetime Achievement Award winner and several U.S. military veterans, who were awarded mortgage-free homes on behalf. The luncheon began with a fireside chat between Stanley C.
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Housing Wire
SEPTEMBER 24, 2024
After the Federal Reserve lowered benchmark interest rates by 50 basis points last week, mortgage rates continued to move lower, although at a slower pace compared to recent weeks. At HousingWire ‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.25%, down 9 basis points from a week ago. The 15-year conforming loan rate shed another 19 basis points during the week and now averages 5.60%.
Appraisal Buzz
SEPTEMBER 24, 2024
While the environment of the market is evolving and interest rates and inflation have decreased, there are still many unresolved problems regarding the direction the market will go in the coming months and years due to “election-year uncertainty.” Jim Hastings, President of Hastings Brokerage leads a discussion on “Repairs and Rehabs” during the FORCE Rally With top-notch panel speakers, relevant and insightful content, and unique takes on the forecast of the future housing market, the 2024 FORC
Housing Wire
SEPTEMBER 24, 2024
Like many other big cities across the country, the COVID-19 pandemic wasn’t kind to Chicago. People seeking more space to accommodate working from home led to a minor outflow of residents that put the housing market on pause. But people have returned to the Windy City and, lately, home prices have grown at a pace that would be perfect for Goldilocks — not too hot, not too cold, but just right.
Appraisal Buzz
SEPTEMBER 24, 2024
S&P Dow Jones Indices has released the July 2024 results for the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reporting a 5% annual gain for July, down from a 5.5% annual gain the previous month. The 10-City Composite saw an annual increase of 6.8%, down from a 7.4% annual increase in the previous month.
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Appraisal Buzz
SEPTEMBER 24, 2024
U.S. home prices increased 0.2% on an adjusted basis in July compared with June and were up 5% compared with July 2023, according to the S&P CoreLogic Case-Shiller Indices. While prices nationally reached a new all-time high, home price appreciation decelerated. Month-over-month, the index’s 20-city and 10-city composites each reported an increase of 0.3%.
Housing Wire
SEPTEMBER 24, 2024
The mayor of South Portland, Maine , recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. When offering advice on how to manage these costs, the mayor brought up the potential for a reverse mortgage. This is according to local reporting by The Maine Wire from a recent city council meeting.
Appraisal Buzz
SEPTEMBER 24, 2024
The median U.S. housing payment fell to $2,534 during the four weeks ended September 15, down 2.7% from a year earlier, according to Redfin. The decrease in the median monthly payment was due mainly to falling mortgage rates, which dropped to their lowest level in 20 months in the lead-up to the Fed’s first interest-rate cut since 2020, the firm says.
Housing Wire
SEPTEMBER 24, 2024
To remix an old adage, when the U.S. housing market sneezes, the U.S. economy catches a cold. And it feels like the housing market is winding up and teetering on a sneeze. But this election season seems to be that moment just before a sneeze erupts when a proactive move (like a quick finger under the nose in the case of an actual sneeze) can stifle a full-blown, damaging spasm.
Real Estate News
SEPTEMBER 24, 2024
Agent count is growing, teams are expanding and its new compensation plan — Redfin Next — is going national faster than expected, according to a top exec.
Housing Wire
SEPTEMBER 24, 2024
New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez , announced on Tuesday that it plans to raise money for “general corporate purposes” by selling up to 34.5 million shares of common stock to investors in a public offering. The company said underwriters will offer shares from time to time in negotiated transactions or prevailing market prices at the time of sale.
Real Estate News
SEPTEMBER 24, 2024
The brokerage platform also asked a judge to dismiss a copycat commissions lawsuit, saying it fails to prove Side conspired with anyone over agent compensation.
Housing Wire
SEPTEMBER 24, 2024
Less than a week after an amended complaint added a slew of new plaintiffs to the Davis homebuyer commission lawsuit , the judge overseeing the case has denied defendant Hanna Holdings ’ motion to dismiss or transfer the suit. Judge Wendy Beetlestone of the U.S. District Court for the Eastern District of Pennsylvania issued her ruling on Monday. Hanna Holdings, the parent company of Howard Hanna Real Estate Services, filed its motion to dismiss the suit in early August.
Inman
SEPTEMBER 24, 2024
Most homebuyers will continue to use an agent and most homesellers will continue to cover buyer agent commissions, writes broker-owner Eric Bramlett of Austin-based Bramlett Residential.
Housing Wire
SEPTEMBER 24, 2024
Top U.S. mortgage lender United Wholesale Mortgage (UWM) this week won a three-year legal battle with a mortgage brokerage firm. The case involves the lender’s controversial “All-In” initiative, which states that brokers who work with UWM cannot engage in business with competitors Rocket Mortgage and Fairway Independent Mortgage Corp.
Inman
SEPTEMBER 24, 2024
Real estate professionals who embrace mindfulness now, Aaron Hendon writes, can gain an edge over their competition by staying calm under pressure, making better decisions and connecting more deeply with clients.
Housing Wire
SEPTEMBER 24, 2024
Coldwell Banker Realty is strengthening its roster of California- based agents. On Monday, the brokerage announced that it was welcoming top-performing agent Jing Hu to the firm’s office in the Silicon Valley hub of Cupertino. Hu was previously brokered with Keller Williams Santa Clara Valley. She transitioned to real estate sales in May 2022 after a three-year career in property management. “As a Bay Area resident for the past ten years and with a background in property management, I unde
Inman
SEPTEMBER 24, 2024
Holm, who leads the Holm Team in Austin, has leaned into the city's burgeoning tech industry, and he'll share his insights on Silicon Valley's emergence in Texas at Inman Connect Austin next month.
Housing Wire
SEPTEMBER 24, 2024
The U.S. Department of Justice (DOJ) announced this week that it has secured a $2.4 million settlement from James B. Nutter & Co. , aka Nutter Home Loans , to resolve allegations that the lender had underwritten ineligible reverse mortgages to be insured by the Federal Housing Administration (FHA). The lender “has agreed to pay $2.4 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 by knowingly und
Inman
SEPTEMBER 24, 2024
With buyer-broker agreements now standard operating procedure, team leader Carl Medford writes, a mandatory buyer consultation should be standard practice for any buyer’s agent.
Eyes on Housing
SEPTEMBER 24, 2024
Home prices remain elevated but price growth continues to decelerate, according to the S&P CoreLogic Case-Shiller Home Price Index (HPI) recent release. The S&P CoreLogic Case-Shiller HPI (seasonally adjusted) reached its 14th monthly consecutive record high in July 2024. The index increased at a seasonally adjusted annual rate of 2.15%, down slightly from a revised.
Inman
SEPTEMBER 24, 2024
Realtor.com released its new map-based search experience on Tuesday, which uses color-coded map layers to help homebuyers find their next home based on preferred home features and market trends.
Eyes on Housing
SEPTEMBER 24, 2024
Consumer confidence fell to a 3-month low in September due to growing concerns about the job market, despite the labor market remaining healthy. Recent job growth revisions showed fewer jobs were added in 2023 than initially reported. However, the unemployment rate remained at a relatively low level and wage growth continued to outpace inflation. This.
Inman
SEPTEMBER 24, 2024
Better communication and better expectation-setting: that's what a well-developed buyer presentation can create for you and your clients, broker Joseph Santini writes.
GoForrmz
SEPTEMBER 24, 2024
Originally published on 02/22/2021 Empower your teams in the field to capture new types of data, auto-populate form fields, and automate form delivery Digital forms offer frontline field service teams a versatile set of tools to enhance efficiency, accuracy, and professionalism. Your work forms can be effortlessly digitized for use on smartphones, tablets, and computers without coding or IT assistance.
Inman
SEPTEMBER 24, 2024
The partnership allows Miami Association of Realtors members access to Solid Earth's Ezement Dashboard, which aims to heighten security while eliminating passwords, executives said Friday.
BiggerPockets
SEPTEMBER 24, 2024
As interest rates for rental properties finally start to fall after a couple of years of painful heights, many real estate investors are renewing their interest in interest rates again.
Inman
SEPTEMBER 24, 2024
Austin, Texas-based startup won't have the space to itself, but partner Visa and backers providing $7.2 million in seed funding led by Streamlined Ventures like the company's odds.
Will Springer Realtor
SEPTEMBER 24, 2024
When selling a home, a good listing agent will immediately review the property title with the agent’s title company officer to identify potential roadblocks. One of the most common issues are liens, which can prevent the sale from moving forward. We have previously discussed various red flags – like liens – that could hinder a transaction. For a smooth sale, the property title must transfer without any unresolved issues that could unknowingly harm the buyer.
Inman
SEPTEMBER 24, 2024
The broker and new development expert first started his real estate career at Brown Harris Stevens. In March, he had been tapped by Official to serve as a founding agent in New York City.
Eppraisal
SEPTEMBER 24, 2024
The COVID-19 pandemic profoundly shifted the way we live and work, with ripple effects continuing to reshape U.S. migration patterns in 2023 and 2024. Early in the pandemic, we saw a mass exodus from densely populated urban areas, particularly in expensive coastal cities like New York and San Francisco, as remote work allowed many to seek affordability, space, and a better quality of life elsewhere.
Inman
SEPTEMBER 24, 2024
CrossCountry Mortgage joins Rocket, Pennymac, UWM and Rate in raising conforming loan limit above current $766,550 cap for Fannie Mae and Freddie Mac ahead of an official announcement.
AmeriMac
SEPTEMBER 24, 2024
In real estate transactions, the appraisal process is critical. It helps determine a property’s market value. An appraisal is an expert’s view of how much a property is worth. The expert looks at factors like location, condition, and nearby property sales. Sometimes, the appraisal value could be lower than what you expected. If that happens, you can challenge the appraisal.
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