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The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months. Real estate agents have mixed outlook Agents exhibit a mixed but hopeful outlook, with nearly 29% anticipating a rise in home sales and 18% expecting a decline, l
Though home prices have plateaued in many areas, they remain near record highs across the United States. According to the opinions of LendingTree staff writer Jacob Channel, with steep housing costs, some Americans may recall the dramatic price surges of the early to mid-2000s, which preceded the Great Recession of 2007-2009. This historical comparison might incite panic, as the Great Recession led to significant home value declines and numerous foreclosures.
Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?), you know the real estate industry has had quite a roller coaster ride in 2024. Buyer representation has become one of the hottest and most debated topics of the year. Amid the lawsuits and non-stop news coverage, one major question has emerged: What is buyer representation and why does it matter?
The national median payment applied for by purchase applicants in June decreased to $2,167, down from $2,219 in May, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures homebuyer affordability. “Homebuyer affordability conditions improved for the second straight month as declining mortgage rates continue to increase purchasing power and is enticing some borrowers back into the housing market,” says Edward Seiler, associate vice preside
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The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. The committee voted 28-1 to approve the bill in its current form, which calls for $67 million for salaries and expenses related to the operations of the government-owned company.
According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI) , homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 in June 2024 from $2,219 in May 2024, down $52. MBA’s PAPI measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey (WAS).
According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI) , homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 in June 2024 from $2,219 in May 2024, down $52. MBA’s PAPI measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey (WAS).
Richard Blumenthal, the senior U.S. senator from Connecticut , sent a letter last week to Acting U.S. Department of Housing and Urban Development (HUD) Secretary Adrianne Todman asking why what he describes as a “backlog” of housing discrimination complaints has yet to be addressed. The letter, first reported by local Connecticut outlet CT Insider , describes the lag in investigations related to such complaints that impact prospective homeowners and renters both within the state and nationwide,
In 2018, Fannie Mae ‘s Disaster Recovery and Resilience team, together with their housing counselor partners, responded to Hurricane Maria in Puerto Rico by assisting homeowners in obtaining FEMA money and working with servicers to secure relief. While the storms were disastrous, but despite numerous obstacles in their path, Fannie Mae assisted many individuals in beginning their road to recovery, according to Tim Carpenter, Senior Director of Community Impact at the company.
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Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. In a release, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsu it settlement agreement , and the potential changes to buyer agent compensation.
In light of the current surge in the number of prospective tenants, a new Realtor.com report titled “Top 10 Markets for Renters” indicates that cities in the Midwest and South rank highest for availability, affordability, and economic growth as well as for having commute times that are shorter than average. These attributes make these regions attractive to individuals looking for opportunity as well as a high standard of living.
If handled correctly, selling your home to a family member can be a good way to help a loved one save money on a home and build wealth. However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Why is selling to a family member different?
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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Coinciding with the effective date for a previously announced reverse stock split, the price for shares of leading reverse mortgage lender Finance of America (FOA) stood well above the minimum threshold the New York Stock Exchange (NYSE) requires to maintain trading activity. As of the close of trading on Friday — the day the reverse stock split went into effect — FOA’s share price jumped from $0.73 at the end of trading on Thursday to $7.19 per share the following morning, roughly corresponding
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Blue Water Financial Technologies , a provider of financial management solutions, owned by Voxtur Analytics Corp. , is set to transform the way Deephaven Mortgage manages its mortgage pipeline through a new strategic engagement. “This engagement with Deephaven represents a significant milestone for Blue Water,” says Alan Qureshi, CEO of Blue Water, in a release.
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