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Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. The study also found that these losses were deepest in communities of color. Zillow defined communities of color as ZIP codes where a majority of households are headed by Blacks , Hispanics , Asian Americans, Pacific Islanders or Native Americans.
According to a recent study, more than half of Americans say they feel overwhelmed by rising utility costs, mortgage payments, and rent, leaving many consumers with little money left over after paying their monthly housing expenses. This highlights the harsh financial reality of owning a home in the current economy. Per a new study from American Home Shield (AHS), paying utility bills is another typical expense of living at home, in addition to rent or mortgage payments.
The HousingWire Economic Summit, held Feb. 26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
Measuring and analyzing changes in market conditions are critical and fundamental elements in real estate appraisal. Indeed, they are the foundation of an accurate opinion of value. This is simply because such a value conclusion has as its base a specific date in time, the effective date of appraisal. So, from within the neighborhood boundaries appraisers delineate at the beginning of the appraisal report, they must analyze sufficient sales data to determine if there have been any changes in mar
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
The U.S. Hispanic homeownership rate declined for the first time in a decade in 2024, to 49%, but more Hispanic households own their homes than ever before. This is according to the 2024 State of Hispanic Homeownership Report created by the National Association for Hispanic Real Estate Professionals ( NAHREP ). The report concludes that the decline in the Hispanic homeownership rate was not due to a net loss of Hispanic households, but rather occurred because the rate of Hispanic household forma
New findings from Redfin conclude that younger Americans are losing their momentum when it comes to homeownership, as 26.1% of Gen Zers owned their home in 2024, essentially a total flat from 2023 (26.3%), and 2022 (26.2%). Before that, the Gen Z homeownership rate had increased each year since Gen Zers started aging into potential homeownership in 2017 (except 2022, when it remained flat).
New findings from Redfin conclude that younger Americans are losing their momentum when it comes to homeownership, as 26.1% of Gen Zers owned their home in 2024, essentially a total flat from 2023 (26.3%), and 2022 (26.2%). Before that, the Gen Z homeownership rate had increased each year since Gen Zers started aging into potential homeownership in 2017 (except 2022, when it remained flat).
The Los Angeles wildfires started in early January and left miles of devastation across several communities. Redfin data released Monday shows that February home sales in Altadena and Pacific Palisades were down significantly from the same month a year ago, placing another layer of devastation on the housing markets in these communities. Redfin’s report reviewed home sales in both areas during the month of February.
For many homeowners, the idea of selling their home is filled with anxiety. According to a new report from Clever Real Estate , 88% of homeowners have fears about selling, with concerns ranging from the stress of the process to financial uncertainties. Why Are Homeowners Hesitant to Sell? Selling a home has always been a complex process, but todays market conditions have made it even more stressful.
Weichert Realtors and eXp World Holdings have cited Howard Hanna Real Estate Services motion for the recusal of Judge Stephen R. Bough, who oversaw the Sitzer/Burnett trial, in the Gibson suit, as a reason why the Gibson plaintiffs should not be allowed to intervene in the Hooper suit. Unlike most of the other large brokerages hit by the wave of copycat commission lawsuits filed after the Sitzer/Burnett jury verdict , eXp and Weichert did not reach settlements in the Gibson suit, instead choosin
Prudent AI , offering AI-powered income verification, reports that mortgage lenders are experiencing significant operational efficiencies and growth with its income intelligence tool. Prudent AI empowers lenders to evaluate borrower repayment ability in minutes, unlocking deep financial insights while reducing processing time, the company says in a release.
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.
New York-headquartered Rithm Capital , the parent company of multichannel lender Newrez , on Monday announced the successful closing of what it calls the largest-ever mortgage servicing rights ( MSR ) debt issuance. The MSR-backed note totals $878 million and is only the second nonrecourse MSR securitization in market history, following Rithm’s $461 million offering in November 2024.
Commercial mortgage delinquencies increased in the fourth quarter, with the exception of life company loans, which showed a slight decrease, according to the Mortgage Bankers Associations (MBA) Commercial Delinquency Report. As of the end of the quarter, banks and thrifts (90 or more days delinquent or in non-accrual) had a delinquency rate of 1.26%, an increase of 0.02 percentage points from the third quarter.
As a listing agent, showcasing your sellers properties in the absolute best light possible is a vital component of the service you provide them. It translates to getting more buyers through the door, more offers and more money in the sellers (and your) pockets. Studies have shown that listings with professional photos sell 32% faster than listings without.
As housing affordability remains a critical challenge across the country, mortgage rates continue to play a central role in shaping homebuying power. Mortgage rates stayed elevated throughout 2023 and early 2024. Recent data, however, shows a modest decline in mortgage rates. Even slight declines can have a significant impact on housing affordability, pricing more households.
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.
Tim Bowler, the president of ICE Mortgage Technology , appreciates a good analogy. The former Goldman Sachs managing director and U.S. Treasury official says that the mortgage technology giant’s integration of Black Knight isn’t dissimilar to building a rail line. Much of the underlying technology that powers Encompass, ICE’s core originations technology, runs on, let’s say, a 2-meter track gauge.
Rithm Capital Corp. recently closed an $878 million mortgage servicing rights (MSR) deal. The single-tranche transaction is the largest MSR debt issuance ever, marking a significant milestone in the evolution of MSR-backed financing structures, the company says in a release. The markets second-ever non-recourse MSR securitization, the note provides fixed financing over the term of the expected life of the assets of three years.
Paired sales is the fourth of five acceptable methods for time adjustments, according to the Fannie Mae selling guide. Once again, the method is neither defined nor explained. Editors Note:Read the entire series (so far) here. A look at USPAP shows no reference to grouped or paired sales as a way to support an opinion […] The post Paired Sales Time?
Amy Slotnick has been promoted to president of national branch optimization sales, at Fairway Independent Mortgage Corp. Slotnick has 42 years of mortgage industry experience, including 18 with Fairway. Previously, she was a senior vice president and regional manager at the company. Slotnick was Fairways first $100 million producer and has been chosen by Fairway through the years to pilot multiple products and programs.
As women like this Chicago luxury broker step into real estate, Melanie Klein writes, they continue to redefine success and carve out pathways to lasting financial independence.
Not all sellers want the same thing. And this doesnt have to be an all-or-nothing debate. The MLS can be the foundation of positive change, and heres how.
According to the U.S. Bureau of Labor Statistics (BLS), people who are neither working nor looking for work are counted as not in the labor force. Understanding the size and characteristics of individuals not in the labor force is crucial for a comprehensive assessment of the job market and overall economic health, as it provides.
Sellers who privately listed their home lost an average of $4,975, according to an analysis by Zillow of 2.72 million deals since 2023. The gap is wider for sellers of color, underscoring the benefits of Clear Cooperation.
Sellers in mostly white areas lose nearly $4K per home, Zillow found. A senior economist said the trend threatens to return real estate to the dark ages.
Transform your nonprofit with digital data collection For nonprofit organizations, managing and tracking volunteer activities is crucial for ensuring efficiency, accountability, and community impact. Traditional paper-based methods can be cumbersome and prone to errors such as misinformation, calculation mistakes, and lost records. Fortunately, digital solutions like mobile forms streamline this process, making it easier to collect, manage, and analyze volunteer data in real time.
The company behind Matrix says the shift is meant to reflect its growth; plus Lone Wolf puts a new spin on CRMs and NorthstarMLS gets more social with Tuesday.
Alabama Association of Realtors CEO Jeremy Walker said the association was in favor of buyer-broker agreements in general, but felt that requiring one for a home tour put buyers under unnecessary duress, and that the new law would be in the consumer's best interest.
Not only is Newburyport, Massachusetts, known for its charming coastal beauty, picturesque downtown, and Federal-style architecture, it hosts a rich maritime history as a busy port and shipbuilding hub. The Custom House Maritime Museum (CHMM), a Federal style building built in 1835 by renowned architect Samuel McIntire is located at 25 Water Street and welcomes visitors year-round to enjoy the area’s maritime history, traditions, collections and artifacts.
Most homebuyers are willing to do what it takes to ensure their real estate agent is compensated even if it means paying out of pocket, an Intel-Dig Insights survey of 3,000 consumers reveals.
In a new filing Friday, Davis asked a judge overseeing the case he filed in 2023 to find the brokerage in contempt, claiming his former employer has antagonized him through the courts.
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