Housing Wire

OCTOBER 21, 2024

Since 2019, the state of Florida has built more than 77,000 new properties in areas with a high risk of flooding. This is the most among all states, according to an analysis by climate-modeling firm First Street Foundation on behalf of the The Wall Street Journal. The construction activity is likely to place the housing industry and its financing partners on a “collision course” with insurers, the outlet said.

Insurance 497

Insurance Real Estate Agent Construction Development 497

Appraisal Buzz

OCTOBER 21, 2024

Winter weather is already making its mark across the U.S., causing significant property damage before the full season even begins. According to a ValuePenguin study , $61.8 million in property damage has already occurred in 2024, with Oregon and Texas emerging as the hardest-hit states. As homeowners prepare for the winter ahead, these early numbers provide insight into which areas are most vulnerable to winter weather’s harsh impacts.

Insurance 393

Insurance Appraisal 393

Housing Wire

OCTOBER 21, 2024

Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. And the Detroit-based lender believes it’s a “massive overreach.” On Monday, the U.S. Department of Justice —following a move made by the U.S. Department of Housing and Urban Development (HUD) in July—filed a lawsuit against the lender, appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group ,

Appraisal 511

Appraisal Reconsideration of Value Law Valuation 511

Appraisal Buzz

OCTOBER 21, 2024

Student loans are frequently listed as the primary obstacle for young buyers’ c. But even though loan debt is higher than ever, are loans really the barrier some claim them to be? A new study from First American reviewed the data from the 2022 Survey of Consumer Finances to determine exactly how much impact student loan debt has on the search for home ownership.

Buyers 397

Buyers Finance Investing Appraisal 397

Housing Wire

OCTOBER 21, 2024

The legal woes continue for the National Association of Realtors (NAR). On Wednesday, Maurice Muhammad — the broker of Progressive Realty — filed a complaint in U.S. District Court in Pennsylvania claiming that NAR, the Pennsylvania Association of Realtors (PAR) and the Greater Lehigh Valley MLS (GLVMLS) have violated federal civil rights statutes, engaged in unlawful discriminatory practices, breached their contracts, created a monopolistic system and broken federal antitrust laws.

Realtors 448

Realtors Legal Real Estate Law 448

Real Estate News

OCTOBER 21, 2024

A case filed in Pennsylvania challenges membership rules and accuses associations of discriminatory treatment of minority real estate professionals.

Real Estate 312

Real Estate 312

Appraisal Buzz

OCTOBER 21, 2024

It is clear most appraisers do not like to perform the analytics inherent in the Cost Approach. This may be because most appraisers simply do not appreciate its power. Consider these 10 Cost Approach questions. 10 QUESTIONS TO CONSIDER Take a look at these 10 questions on the Cost approach (and various items related to it). After you are finished, you will still not like to do it.

Market Value 293

Market Value Renovations Valuation Appraisal 293

Housing Wire

OCTOBER 21, 2024

As 2025 approaches, the U.S. real estate market is marked by contradictions that are leaving many confused. Mortgage rates, rental patterns, homeownership dreams, and housing trends across the country are all seemingly colliding in ways that create both opportunities and uncertainties. It’s a complex landscape where the tension between renting and owning is more pronounced than ever, and regional differences in housing demand highlight the uneven nature of the market.

Real Estate 493

Real Estate Marketing Insurance Property Taxes 493

Real Estate News

OCTOBER 21, 2024

The DANGER Report spelled out risks for MLSs, state and local Realtor associations, and NAR — which has weathered unprecedented challenges to its authority.

Realtors 290

Realtors 290

Housing Wire

OCTOBER 21, 2024

The remaining defendants in Homie Technologies’ antitrust suit are seeking to have the case dismissed. On Friday, the National Association of Realtors (NAR), Anywhere Real Estate , Keller Williams Realty , HomeServices of America and RE/MAX filed motions to dismiss the suit, which was originally filed in mid-August in U.S. District Court in Utah.

Brokerage 448

Brokerage Real Estate Agent Real Estate Sellers 448

Real Estate News

OCTOBER 21, 2024

The defendants cite a lack of jurisdiction in the case, which alleges that NAR “controls competition” and accuses brokers of steering buyers away from listings.

Brokerage 264

Brokerage Buyers 264

Housing Wire

OCTOBER 21, 2024

The controversial Clear Cooperation Policy from the National Association of Realtors continues to spark debate — for several reasons — among real estate professionals. (Image generated by AI in Midjourney) With the Aug. 17 implementation deadline for the business practice changes outlined in National Association of Realtors’ commission lawsuit settlement agreement in the rearview mirror, the real estate industry has turned its focus to a new point of contention — NAR’s Clear Cooperation Policy (

Brokerage 448

Brokerage Real Estate Sellers Agents 448

Appraisal Buzz

OCTOBER 21, 2024

Operational Excellence and Innovation In this insightful episode of the MP Access Show, Robert Wilson, VP of Experience at Five Star, welcomes Lynsey Biernacki, Senior Vice President of Operations at Sylvan Road Capital. Lynsey sheds light on how Sylvan Road has built a strong reputation in the single-family rental (SFR) industry through a focus on operational excellence, innovation, and a resident-centric approach.

Technology 195

Technology Investors Marketing Appraisal 195

Housing Wire

OCTOBER 21, 2024

The mortgage industry faces constant change. Regulations shift, customer needs evolve, and economic conditions fluctuate. Lenders need a loan origination system (LOS) that can keep up with the changing times. Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. Encompass offers a unified platform for lenders to handle every aspect of the loan process.

Technology 448

Technology Mortgage Lending Modernization 448

Appraisal Buzz

OCTOBER 21, 2024

Mortgage subservicer LoanCare has launched Digital Recapture, a new suite of tools that connects homeowners with lending products that help inform them about potential home equity or lower interest rates, while keeping their lending partner top of mind. Digital Recapture provides lenders with a streamlined process to engage homeowners who are looking for affordable homeownership.

Tools 195

Tools Lending Clients Technology 195

Housing Wire

OCTOBER 21, 2024

An effort seeking summary judgment in a case brought by Texas Capital Bank (TCB) against Ginnie Mae over reverse mortgage-related collateral has been denied by presiding Judge Matthew Kacsmaryk, according to a court filing reviewed by HousingWire ’s Reverse Mortgage Daily (RMD). TCB sought summary judgment in a court filing this past summer, which would have allowed the presiding judge to decide part of the case prior to a trial.

Contracts 447

Contracts Law Mortgage Legal 447

Appraisal Buzz

OCTOBER 21, 2024

The share of mortgage loans in forbearance increased to 0.34% as of September 30, as loan performance in government products weakened, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey. About 170,000 homeowners are in forbearance plans, the MBA estimates. Mortgage servicers have provided forbearance to approximately 8.3 million borrowers since March 2020.

Mortgage 195

Mortgage Government Appraisal 195

Housing Wire

OCTOBER 21, 2024

In a housing market shaped by uncertainty, military veterans and service members are emerging as some of the most confident and prepared homebuyers, outpacing their civilian counterparts. That’s according to a recent index released by Veterans United Home Loans to measure the financial health and optimism of veterans, active-duty service members and civilians in terms of home purchase timelines and motivating factors, personal finance and their outlook for the U.S. economy.

Finance 476

Finance Housing Market Buyers Mortgage 476

Appraisal Buzz

OCTOBER 21, 2024

Borrowers generated significantly fewer pre-approval letters in the third quarter compared with the second quarter, according to the latest LenderLogix Homebuyer Intelligence Report. Borrowers generated 49,392 pre-approval letters through LenderLogix’s QuickQual pre-approval platform, a decrease of 15% compared with the second quarter. The average number of pre-approved borrowers per loan officer decreased slightly to 28.5, down from 29 in the second quarter.

Buyers 195

Buyers Loan Officers Development Appraisal 195

Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. In this conversation, Ryan shares Acra Lending’s blueprint for broker growth, including insights on how Acra Lending navigated the pandemic, built relationships with referral partners, and developed tools that help brokers streamline non-QM

Lending 433

Lending Loan Officers Tools Mortgage 433

Inman

OCTOBER 21, 2024

Maurice Muhammad alleges a "monopoly" by NAR, the state Realtor association and the local MLS limits competition, inflates prices, and disproportionately affects minority brokers and agents.

Realtors 187

Realtors Agents Realty 187

Housing Wire

OCTOBER 21, 2024

Mutual of Omaha Mortgage has been given more time to respond to allegations against it in a case that accuses the lender of operating manipulative websites that skew reverse mortgage reviews in its favor. The suit, brought by reverse mortgage competitor Longbridge Financial , alleges that Mutual of Omaha operates a series of websites that are both deceptive and purportedly in violation of the Real Estate Settlement Procedures Act (RESPA) as well as guidance from the Federal Trade Commission (FTC

Legal 389

Legal Lending Real Estate Mortgage 389

Inman

OCTOBER 21, 2024

Lawyers for NAR, HomeServices of America, RE/MAX, Anywhere and HSF Affiliates denied claims of a conspiracy to inflate commissions, arguing that Homie would have benefitted from the plot.

Brokerage 186

Brokerage Realtors Real Estate Agents 186

Eyes on Housing

OCTOBER 21, 2024

Nearly 1.3 million tax returns filed for tax year 2023 utilized the Residential Clean Energy Credit (25D tax credit), according to the latest IRS clean energy tax credit statistics. Through May 23rd of the 2024 tax filing season for 2023 returns, almost 138 million tax returns had been filed with the IRS, which indicates that.

158

158

Inman

OCTOBER 21, 2024

I started my real estate career as an agent 23 years ago. Today, I consider myself fortunate to have my dream job as a director of learning for a global real estate brand. I recently helped launch the CENTURY 21 International Leadership Academy to help real estate professionals increase their leadership capacity.

Real Estate 183

Real Estate Agents 183

GoForrmz

OCTOBER 21, 2024

Originally published on 03/15/2017 Adaptability is essential for success in the rapidly growing construction industry As new digital platforms and software for construction emerge, it can be difficult to differentiate the key features and qualities that separate truly transformative platforms from the rest of the pack. Below we’ve outlined a few of the features and fields within the GoFormz platform that benefit construction management professionals and their teams.

Construction 148

Construction Technology Inspection Design 148

Inman

OCTOBER 21, 2024

Maintaining a healthy cash flow, controlling debt, building an emergency fund, planning for taxes and retirement — Keller Williams’ Julia Lashay Israel serves up the financial gut check questions every business needs to ponder.

Business 175

Business Finance Brokerage Agents 175

BiggerPockets

OCTOBER 21, 2024

Proposition 33—a measure on this year’s California election ballot that would increase rent control laws by limiting the amount landlords can charge for rent, regardless of an apartment’s rental history, […]

Law 92

Law Landlords 92

Inman

OCTOBER 21, 2024

Another worry for bond market investors is "quantitative tightening," the Fed's program to trim its massive holdings of government debt and mortgages.

Mortgage 171

Mortgage Government Investors Marketing 171

BiggerPockets

OCTOBER 21, 2024

I’m from a city where you sweat just by stepping outside for a couple of seconds (Houston, Texas).

Investors 90

Investors Marketing 90

Inman

OCTOBER 21, 2024

Richard Saghian, the founder of the California-based online fashion company Fashion Nova, has expanded his real estate portfolio with the purchase of two Miami Beach properties for $30 million, The Real Deal reported Wednesday. The acquisition includes a waterfront home at 5718 North Bay Road and a non-waterfront property at 5725 North Bay Road.

Real Estate 167

Real Estate Marketing 167

BiggerPockets

OCTOBER 21, 2024

Housing affordability in America is the lowest it’s been in forty years.

Investing 90

Investing Marketing 90

Inman

OCTOBER 21, 2024

Jason Peteler of Revel Real Estate and Matthew Yim of Coldwell Banker only knew at first that an EV company had rented their listing for a few days as a filming location. They had no idea it would be the first home in which Tesla's Optimus Robot would be filmed.

Real Estate 162

Real Estate Agents Marketing 162

BiggerPockets

OCTOBER 21, 2024

What if you could not only replace but make MUCH more than your W2 salary with real estate investing? Now, imagine you could do it all in just two years.

Real Estate 88

Real Estate Investing 88