Housing Wire
APRIL 26, 2024
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) have settled on new energy-efficiency standards for the construction of new single-family and multifamily homes. This fulfills a requirement laid out in a 2007 law that directs the departments to adopt the most recently published energy-efficiency standards following reviews by the U.S.
Real Estate News
APRIL 26, 2024
The last defendant standing in the Sitzer/Burnett case reaches a whopping settlement that will protect its 70,000 agents plus brands and franchises.
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Housing Wire
APRIL 26, 2024
In February 2024, the national delinquency rate for residential mortgages stood at 2.8%, marking an 0.2 percentage-point decrease from February 2023. The rate remained unchanged from January 2024, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health.
Real Estate News
APRIL 26, 2024
“We fought as hard as we could,” said Kevin Sears this week when speaking about the settlement, its impact, and the need to change the media narrative.
Advertiser: Trellis
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.
Housing Wire
APRIL 26, 2024
HomeServices of America , the last remaining brokerage defendant in the landmark Sitzer/Burnett antitrust commission case , has agreed to pay $250 million in damages to settle lawsuits that will change agent compensation across America. The New York Times first reported the story. The deal comes just days after the federal judge overseeing the commission case in Missouri approved a preliminary settlement that will see the National Association of Realtors and multiple other residential brokerages
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Housing Wire
APRIL 26, 2024
The U.S. Department of Housing and Urban Development (HUD) on Friday announced that a proposed change to the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program has been modified to bar the practice of premium pricing, and it will only allow interested party contributions (IPCs) on H4P closing costs from property sellers, builders, real estate agents and developers.
Inman
APRIL 26, 2024
HomeServices was potentially on the hook for the remaining $4.7 billion in damages from an Oct. 31 jury verdict in Sitzer | Burnett, which awarded plaintiffs $5.3 billion.
Housing Wire
APRIL 26, 2024
Homebuyer affordability declined in March as mortgage rates and home prices remained elevated. The national median monthly payment for purchase mortgage applicants rose to $2,201 in March, up from $2,184 in February. That’s according to the Mortgage Bankers Association ‘s (MBA) purchase applications payment index, which measures how new monthly mortgage payments vary across time relative to income.
Inman
APRIL 26, 2024
Matterport's sale to CoStar will ignite interest in the value of digital twins and tour marketing, and the options for creating them are many.
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.
Housing Wire
APRIL 26, 2024
Even as the median U.S. home sale price remains near record highs and supply stays constrained in many locales, two of the most populous states that have seen a surge in demand since the start of the COVID-19 pandemic are showing signs of a pullback. That’s according to a pair of reports released Thursday by Redfin. The national real estate brokerage found that the nationwide median sale price reached $420,357 in March 2024.
Appraisal Buzz
APRIL 26, 2024
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with February and up $108 compared with March 2023, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
Housing Wire
APRIL 26, 2024
U.S. home sellers reaped slimmer profit margins on median-priced single-family homes and condominiums during the first quarter of 2024. In fact, profit margins — the difference between the median purchase and resale prices — slumped to 55.3%, down from 57.1% in the fourth quarter of 2023, according to Attom ’s 2024 U.S. Home Sales Report. It was the smallest level of profit registered in more than two years.
Inman
APRIL 26, 2024
Change is coming, so it's time to make sure you're leaning into the potential of a listings-based business, Jimmy Burgess writes. Nothing helps do that better than geographic farming.
Advertiser: Trellis
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Housing Wire
APRIL 26, 2024
HousingWire sat down with Acra Lending CEO Keith Lind to discuss effective ways to not only survive, but profit in the non-QM space while so many others are closing their doors. Lind also shares insights into the future of non-QM lending and the importance of emergent technologies in improving the origination process. Zebulon Lowe: Keith, thank you for speaking with us.
Inman
APRIL 26, 2024
Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it.
Housing Wire
APRIL 26, 2024
Following a significant drop in retirement savings confidence in 2023, overall levels of confidence have yet to recover. But optimism about future retirement prospects are high, according to the results of the 34th annual Retirement Confidence Survey (RCS) conducted by the Employee Benefit Research Institute (EBRI). “Overall, two-thirds of the workers and three-fourths of the retirees are very or somewhat confident about having enough money to live comfortably in retirement , which is unchanged
Inman
APRIL 26, 2024
A remodel, strategic pricing, choice photos, an offer deadline and strong agent relationships helped the O'Connor sisters sell a property that previously sat on the market for nearly one year.
Eyes on Housing
APRIL 26, 2024
NAHB recently updated its 2024 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that affordability is a serious problem even before any further price or interest rate increases. Already in 2024, 103.5 million households are not able to afford a median priced new home ($495,750[1]).
Inman
APRIL 26, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Eyes on Housing
APRIL 26, 2024
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.5% in March, up from a 0.3% increase in the prior month. Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the March personal savings rate dipped to.
Inman
APRIL 26, 2024
Patience, collaboration and clear communication, Lindsey Harn writes, can help you help your divorcing clients navigate the rocky shoals of dividing their real estate holdings.
BiggerPockets
APRIL 26, 2024
You can’t eliminate all risk from investments. After all, the zombie apocalypse could strike tomorrow and probably wipe out your entire portfolio.
Inman
APRIL 26, 2024
Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against "Team Gallo" leader and his assistant.
BiggerPockets
APRIL 26, 2024
When it comes to homeownership, Gen Z might be ahead of the curve.
Inman
APRIL 26, 2024
Hit children's TV show "Bluey" is the inspiration for Zillow's latest ad, which debuted Friday morning on NBC's Today show. The 30-second spot features a family in the final stages of moving while the narrator references a landmark episode of "Bluey," where the main character and her family struggle with the opportunity to move to a new city.
BiggerPockets
APRIL 26, 2024
Mortgage rates recently rose above 7% for the first time this year, bringing an already glacial housing market to a standstill.
Mortgagebroker News
APRIL 26, 2024
CMBA-BC conference panel explores strategies, insights
Appraisal Today
APRIL 26, 2024
What Does Arm’s Length Mean in Real Estate? The 7 Sale Types Explained Excerpts: An arm’s length sale – a sale in which the buyers and sellers act independently and in their own self-interest is the most common type of real estate transaction. However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property.
Mortgagebroker News
APRIL 26, 2024
Policy decision to hinge on forthcoming CPI reports, according to BMO
GoForrmz
APRIL 26, 2024
GoFormz is proud to spend the week at Field Service Palm Springs 2024! Will we see you at Field Service Palm Springs 2024? The GoFormz team is excited to join all members of the field service industry for the 21st year, hosted in Palm Springs, from May 5th to May 8th. This event is a fantastic conference for anyone in customer success, service, and support, bringing together industry leaders, cutting-edge tech solutions, and innovative speakers.
Mortgagebroker News
APRIL 26, 2024
Market could see boost in buyer confidence based on BoC's next move, says BCREA
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