Wed.Apr 09, 2025

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Mortgage applications rebounded 20% last week as rates dipped

Housing Wire

Mortgage applications jumped 20.0% from the prior week, according to data from the Mortgage Bankers Associations (MBA) weekly mortgage applications Survey for the week ending April 4, 2025. On an unadjusted basis, the index increased 20% compared with the previous week. The refinance index increased 35% from the previous week as mortgage rates took a dip.

Mortgage 481
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What Remodeling Projects Do Homeowners Find Most Satisfying?

Appraisal Buzz

Top remodeling projects for homeowner satisfaction and cost recovery continue to vary as individuals remodel their homes for diverse reasons, according to the National Association of Realtors (NAR) and National Association of the Remodeling Industrys 2025 Remodeling Impact Report. The report assesses the reasons homeowners undertake remodeling projects, the outcomes of these projects and the increased happiness experienced in the home once a project is completed.

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Residency requirements top HUD OIG’s list of open reverse mortgage issues

Housing Wire

On an online database tracking a series of issues the U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) related to the Home Equity Conversion Mortgage ( HECM ) program, there are four open recommendations according to a review by HousingWire ‘s Reverse Mortgage Daily (RMD). Three of them, however, are largely centered on the same issue.

Mortgage 371
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Mortgage Applications Surged on Lower Rates

Appraisal Buzz

Mortgage application volume increased 20% during the week ended April 4, as the average rate for a 30-year, fixed-rate mortgage decreased to 6.61%, down from 6.70% the previous week, according to the Mortgage Bankers Associations (MBA) Weekly Applications Survey. Most of the increase was due to a sharp increase in applications for refinances, which surged 35% from the previous week and were up 93% compared with the same week one year ago.

Mortgage 358
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Leverage Trellis Court Data To Identify More Investment Opportunities

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.

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Most home sellers still rely on agents, but trust issues linger

Housing Wire

A new report from Anytime Estimate , a subsidiary of Clever , reveals that while the vast majority of American homesellers still plan to work with real estate agents in 2025, concerns about trust, commission fees , and agent value are reshaping expectations of those entering the housing market. The survey of 1,000 homeowners planning to sell within the next year found that 91% intend to use a real estate agent.

Sellers 360

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Aging in place, high equity impact moving activity

Housing Wire

While normal variations can be found across the country, by and large the sentiment around aging in place in ones own home appears to be a far-and-away preference for many Americans in or near retirement. This is impacting the moving and homebuying activity in certain areas, according to housing professionals who spoke recently with Realtor.com. Citing a December study by senior advocacy organization AARP regarding the general preferences a majority of older Americans have for aging in place, re

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Meet MortgagePoint’s Tech Excellence Award Recipients: Part V

Appraisal Buzz

Recognizing the most innovative technology providers in the mortgage industry, MortgagePoints Tech Excellence Awards highlight the companies that have developed cutting-edge solutions, improved operational efficiencies, and have enhanced the mortgage process through technology. These organizations are on the cutting edge of serving the mortgage, real estate, or housing markets, providing technology or software designed to serve those markets.

Valuation 244
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Gibson defendants want to move the suit out of Missouri

Housing Wire

Two Gibson commission lawsuit defendants are looking to have the case moved closer to their respective homebases. On Monday, Berkshire Hathaway Energy (BHE), the parent company of HomeServices of America , filed a motion to transfer the case from the Western District of Missouri where it was filed to the Southern District of Iowa where BHE is based.

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Spring housing vibes & tariffs don’t bother Chuck Norris

Sacramento Appraisal Blog

We’re seeing the spring market unfold, but it’s also been a more subdued spring. I have lots of fresh stats today and some thoughts on the stock market vs real estate, declining condo prices, Chuck Norris, and cancellations. I hope this is helpful. UPCOMING SPEAKING GIGS: 4/10/25 Yuba-Sutter Association (register here) 4/15/25 Culbertson and Gray […] The post Spring housing vibes & tariffs dont bother Chuck Norris first appeared on Sacramento Appraisal Blog.

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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

Speaker: Dylan Secrest

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.

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Panorama Mortgage Group Taps Juan Cepeda as Chief Operating Officer

Appraisal Buzz

Juan Cepeda has joined Panorama Mortgage Group as chief operating officer (COO). Cepeda has more than 26 years of experience in the mortgage industry. Throughout his career, he has held key leadership positions, including senior vice president of operations and executive vice president of retail lending. In these roles, he led national production teams, implemented initiatives to enhance operational efficiency, and improved profitability.

Mortgage 195
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Why private listing networks are a 'wolf in sheep's clothing'

Real Estate News

Windermere Co-President OB Jacobi, whose firm has been under fire from Compass CEO Robert Reffkin, says PLNs are a return to a "caste system of real estate.

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AVMs and AI Hype: Keeping Appraisers at the Center of Valuation

Appraisal Buzz

In this episode, we sit down with Paul Chandler, a leading voice in the appraisal industry. As President of the Northern California Chapter of the Appraisal Institute and Chair of the Industry Advisory Council for the Appraisal Foundation, Paul is at the forefront of key industry discussions. We dive into the future of appraisal modernization, the evolving role of AVMs, and the growing influence of artificial intelligence in valuations.

Valuation 195
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7 buyer objection handlers to get that agreement signed

Inman

Coach Darryl Davis shares strategies for explaining the buyer agreement and getting it signed when you communicate the value you bring to the transaction.

Buyers 128
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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Class Valuation Acquires Appraisal Nation

Appraisal Buzz

Class Valuation , a national real estate appraisal management company (AMC), is acquiring Appraisal Nation , a Cary, North Carolina-based AMC specializing in valuation solutions for the private lending market. Terms of the deal were not divulged. The acquisition significantly expands Class Valuations footprint in the rapidly growing private lending sector, enhancing its service offerings and market reach.

Valuation 195
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Outdoor staging trends for spring 2025: What luxury buyers expect

Inman

Luxury consultant Chris Pollinger speaks with Samantha and Nicole Senia of LA's Elite Home Staging about the newest trends in outdoor space design.

Buyers 137
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Click n’ Close Hires Kim Schenck as Correspondent Manager

Appraisal Buzz

Kim Schenck has joined the correspondent lending sales team at Click n Close as correspondent manager. Schenck has more than 30 years of experience in correspondent lending and capital markets. She has a strong background in correspondent lending, loan acquisitions and secondary marketing. Her career includes leadership roles at Essex Mortgage, Freedom Mortgage, Bank of America, Greenwich Capital Financial and Sandia Mortgage Corporation, where she built and managed high-performing sales teams,

Lending 195
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Douglas Elliman launches new AI-powered website

Inman

The digital platform will include an AI-powered home search tool and a private space for agents and clients to collaborate. The website will also include the "World of Elliman," a digital lifestyle hub with original content.

Tools 120
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Canadian lumber taxes could further increase new home costs

Real Estate News

Independently of other recent tariffs, the U.S. is preparing to more than double levies on softwood lumber from Canada, and builders should plan accordingly.

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Hustle to flow: 3 quick gratitude practices to keep you grounded

Inman

Mindfulness and performance coach Aaron Hendon offers three fast, easy interventions to allow you to re-focus and re-center while on the go.

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Chrissie Prescott Promoted to Leominster Office Manager

Lamacchia Realty

Chrissie Prescott Promoted to Leominster Office Manager After last week’s Wednesday training in Leominster, it wa s announced that Chrissie Prescott has been officially promoted to be the Leominster Office Manager. Chrissie joined the company in 2019 as a REALTOR and then in 2022 joined Lamaccchia on the staff side as an administrative assistant.

Realty 69
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Record down payments reveal a divided housing market

Inman

According to a new report from Realtor.com, the national average down payment hit 14.4 percent and $30,250 in the fourth quarter.

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Terri Eddings Promoted to Southington Office Manager

Lamacchia Realty

Terri Eddings Promoted to Southington Office Manager We are thrilled to announce that Terri Eddings has been promoted to be the Office Manager of the Lamacchia Realty Southington, Connecticut office. Terri joined Lamacchia in 2024 as an administrative assistant and quickly became an important and prominent presence in the office.

Realty 67
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7 recession-buster tips to save money during a downturn

Inman

Now is a great time to cut expenses where you can and put the savings into financial instruments that will take care of you down the road, trainer Rachael Hite writes.

Agents 158
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What to Know When Selling Your Home: Essential Tips for Success

Listing Spark

Selling your home is one of the most significant financial transactions youll ever make. Whether youre a first-time seller or have been through the process before, navigating the complexities of the real estate market requires careful planning and strategic thinking. Determining the right asking price is crucial for attracting buyers and making a successful sale.

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Corcoran Affiliates’ Anton: ‘We’re being true to who we are’

Inman

At the end of the day, despite differences from market to market, Anton told Inman that affiliates learned that they're more alike than different particularly when it comes to serving their clients.

Clients 133
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From Making $28,000/Year to Replacing Her W2 in Just 5 Years Thanks to Rentals

BiggerPockets

Could rentals give YOU financial freedom?

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What’s your best tighten-your-belt tip for agents in 2025? Pulse

Inman

For agents who are looking to improve their financial outlook, what costs can be cut to get on a firmer fiscal footing?

Agents 114
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The One True “Inflation-Proof” Investment (EVEN with Tariffs)

BiggerPockets

Inflation is eating away your net worth, and if you dont do something about it, you could be worse off in the future.

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Canadian bank earnings forecast trimmed 7% after US tariffs

Mortgagebroker News

National Bank revises 2026 projections amid pressure on loan growth

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Exclusive: Douglas Elliman bets big on visual AI property search

Housing Wire

I wasn’t expecting much when Douglas Elliman invited me to their Manhattan office to pitch their new AI-powered property search feature on their website. I knew they would offer me expensive coffee, pastries with names I cant pronounce and a cookie-cutter spiel on why typing into a ChatGPT-style AI search box is somehow the future of home search.

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Ontario couple accused of running off-the-books mortgage operation

Mortgagebroker News

Mortgage industry couple allegedly arranged dozens of unauthorized loans