Housing Wire
NOVEMBER 5, 2024
loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to help the company reduce its non-volume expenses by more than $730 million.
Appraisal Buzz
NOVEMBER 5, 2024
The CoreLogic has released the Home Price Index (HPI) and HPI Forecast for September 2024. In September, the annual growth rate of U.S. home prices slowed to 3.4%. After months of moderate monthly losses, property prices recovered to register a very minor rise (0.02%) when compared to the previous month. All things considered, since late summer, home prices have remained largely unchanged.
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Housing Wire
NOVEMBER 5, 2024
The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. A new report from the National Association of Realtors (NAR) surveyed buyers and sellers on what they want from their real estate agents.
Appraisal Buzz
NOVEMBER 5, 2024
Experts say the phrase is buzzing around circles these days—“social housing,” ideally, a system in which public and nonprofit entities develop, own, and manage housing for low-income Americans. Inspired by examples in Europe, proponents of the concept envision a network of energetic, entrepreneurial, mission-driven agencies running the system. Historian Alexander von Hoffman , in papers penned for Harvard’s Joint Center for Housing Studies , endeavors to determine whether the public housing prog
Housing Wire
NOVEMBER 5, 2024
The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. When the pandemic began in the spring of 2020, wealthy residents of urban centers like New York City and San Francisco packed their bags for rural areas and small to
Appraisal Buzz
NOVEMBER 5, 2024
According to data given by Epiq AACER , the total number of bankruptcy filings in October 2024 was 47,104, representing a 16% rise from the total of 40,674 in October 2023. In October 2024, there were 44,522 individual bankruptcy filings, which represents a 16% increase over the 38,278 filings in October 2023. In October 2024, there were 17,091 individual chapter 13 files, an increase of 8% from the 15,874 filings in October of the previous year, and 27,358 individual chapter 7 filings, a 22% in
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Appraisal Buzz
NOVEMBER 5, 2024
In a planned transition, Sean Dugan is to assume the role of CEO for Dark Matter Technologies effective April 2025. Dugan currently holds the role of chief revenue officer at the mortgage software firm, which provides the Empower loan origination platform. Current CEO Rich Gagliano will serve as executive chairman. Gagliano launched Dark Matter in 2023 following over a decade of leadership at its predecessor, Black Knight Origination Technologies.
Housing Wire
NOVEMBER 5, 2024
In efforts to escape “sky-high real estate prices” and rising costs of living, California residents are favoring Arizona as a top relocation destination behind only Texas. That’s according to a report released Monday by StorageCafe , a national marketplace for storage space and an affiliate of real estate data provider Yardi. The report reviewed U.S.
George Dell
NOVEMBER 5, 2024
A time adjustment is needed because all our sales data is historical. A sale price 6 months ago cannot be properly reflected in today’s dollars. Two parts. Two components. Two reasons: The value of the dollar has changed. The competing market price level has changed. Editor’s Note: This blog is part 3 on the Time […] The post Time for Time Adjustment?
Housing Wire
NOVEMBER 5, 2024
As the cost of buying a home has risen faster than the cost of renting for the past four quarters, it’s no surprise that renter households are witnessing more growth than their owner-occupied counterparts. The surge in renter households is outpacing the growth of homeowners in the U.S., as there are now a record 45.6 million renters. That was up 2.7% year over year, according to a new Redfin report.
Appraisal Buzz
NOVEMBER 5, 2024
U.S. home prices increased 0.2% in September compared with October and were up 3.4% compared with September 2023, according to CoreLogic. It was the slowest growth rate for home prices nationally in over a year, CoreLogic says in its latest home price index report. Currently, the firm is predicting that home price growth will slow to 2.3% by the same time next year.
Housing Wire
NOVEMBER 5, 2024
Fathom Holdings , the parent company of Fathom Realty , is expanding its footprint in Arizona. The firm announced Monday that it had acquired Scottsdale-based My Home Group , adding more than 2,200 agents to its headcount. The financial terms of the deal were not disclosed, but the company will be discussing the acquisition on its third-quarter earnings call on Thursday, according to its announcement.
Real Estate News
NOVEMBER 5, 2024
Watch the conversation with Zillow CEO Jeremy Wacksman as he explains why savvy shoppers are better for agents, and why private listing networks are “just bad.
Housing Wire
NOVEMBER 5, 2024
The removal of offers of buyer broker compensation from most MLSs across the country — as mandated by the National Association of Realtors’ (NAR) commission lawsuit settlement agreement — was a massive change for real estate agents and brokers. But they aren’t the only housing professionals impacted by these changes. Real estate appraisers also rely on MLS data, including information about buyer broker compensation and seller concessions, in order to accurately appraise properties for homebuyers
Real Estate News
NOVEMBER 5, 2024
The combined deals, which total nearly $5 million, are the next step in resolving litigation for the four firms with regional and national footprints.
Housing Wire
NOVEMBER 5, 2024
Credit rating agency Fitch announced this week that its long-term issuer default rating for Finance of America was downgraded to “restricted default” status following its recently publicized debt exchange plan. The rating was then upgraded to “CCC” following the completion of the exchange agreement. Fitch explained its rationale for the whipsaw of ratings by characterizing FOA’s move as a “distressed debt exchange.
Inman
NOVEMBER 5, 2024
The latest iteration of REDX's ad builder introduces customizable ad templates and an easier, more direct connection to Facebook accounts so campaigns can be created and launched in less time.
Housing Wire
NOVEMBER 5, 2024
Onity Group , the recently rebranded parent company of top-10 lender Liberty Reverse Mortgage , posted improved earnings results in the third quarter of the year — with particular attention given to the profitability of its forward and reverse mortgage servicing segments. Onity CEO Glen Messina led the Tuesday morning earnings call by saying that the company recorded its “highest adjusted pretax income and return on equity in the last three years,” which came in at $35 million.
Inman
NOVEMBER 5, 2024
Judge Stephen R. Bough, who ruled on Sitzer | Burnett, said Gibson deals "provide a significant financial recovery to the Settlement Class in light of the strengths and weaknesses of the case.
Eyes on Housing
NOVEMBER 5, 2024
Private fixed investment in student dormitories increased by 2.2% to a seasonally adjusted annual rate (SAAR) of $3.9 billion in the third quarter of 2024. This rise follows a 7% decrease in the prior quarter. However, private fixed investment in dorms was 1.8% lower than a year ago, as the elevated interest rates place a.
Inman
NOVEMBER 5, 2024
The choice to create the life and business you desire, coaches Melanie Klein and Emily Bossert write, one aligned with your values, is fortified and strengthened through your commitment to yourself.
GoForrmz
NOVEMBER 5, 2024
Revolutionize your workflows with mobile forms for construction Are you ready to take your construction projects to the next level? Join the GoFormz team at Groundbreak 2024 , where we’ll be showcasing the latest advancements in digital forms, and how you can configure your account specifically for even the most complex construction workflows. Stop by our booth to discover how mobile forms can streamline your operations, enhance team communication, and boost productivity, all while keeping your
Inman
NOVEMBER 5, 2024
The sequel to the 2015 "DANGER Report" details 20 opportunities in a changing industry. In the first of a 2-part series, Carl Medford applies its findings to agents, teams and brokerages.
Mortgagebroker News
NOVEMBER 5, 2024
Proposed legislation opens door for interest-free mortgage options for Muslim homebuyers
Inman
NOVEMBER 5, 2024
Beleaguered lender ekes out $2.67 million third quarter profit, with loan originations up 9 percent from a year ago as refinancings bounce back on retreat in rates.
Mortgagebroker News
NOVEMBER 5, 2024
Lender's vice president of sales shares her views
Inman
NOVEMBER 5, 2024
Across 10 states, ballot measures ask voters to weigh in on changes to property taxes, veterans benefits and more. One even considers whether or not to abolish property taxes altogether.
Mortgagebroker News
NOVEMBER 5, 2024
It comes as alternative lending grows
Inman
NOVEMBER 5, 2024
From the pristine cleanliness of the home to the personalized touches that make buyers feel welcome, Darryl Davis writes, small efforts can lead to big results.
Lamacchia Realty
NOVEMBER 5, 2024
Angela Harkins Mentioned in Recent HousingWire Article November 4, 2024 – Lam acchia Realty Salem REALTOR®, Angela Harkins , was recently mentioned in a new article by HousingWire. This article was written by real estate reporter, Brooklee Han, who discusses her positive experience working with Angela when purchasing her first home in southern New Hampshire post-settlement.
Inman
NOVEMBER 5, 2024
Trade group says plaintiffs' complaint over "compulsory" Realtor membership to access the MLS is "nothing more than a desire to have membership benefits without membership.
Will Springer Realtor
NOVEMBER 5, 2024
Alongside high mortgage rates in 2024, buyers and sellers face another major shift in real estate practices. A recent settlement involving the National Association of Realtors® (NAR) has led to new standards. Now, buyers must establish a services agreement with their broker, and sellers are often reducing the compensation offered to brokers. This shift follows claims that sellers were pressured to pay for both their listing agent and the buyer’s broker.
Inman
NOVEMBER 5, 2024
In 2024, Opendoor has ramped up its marketing with various creative agencies, which included a Super Bowl regional ad and stunt by Mischief @ No Fixed Address that featured a live TV house sale in Atlanta. Other recent campaigns include break-up-themed spots from Alma, launched after Valentine’s Day in partnership with OkCupid, and a Halloween ad by VaynerMedia starring a vampire and her garlic-growing neighbor.
Eppraisal
NOVEMBER 5, 2024
The real estate market is constantly evolving, and savvy homeowners are always looking for ways to maximize their home's value. One of the most effective strategies for increasing a home's appeal and ultimately its price tag is through smart remodeling. As we head into 2025, several key trends are emerging that will impact home value and attract buyers seeking modern and desirable features.
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