Housing Wire
NOVEMBER 19, 2024
We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher.
Appraisal Buzz
NOVEMBER 19, 2024
The American Dream has long been synonymous with homeownership. However, for many low- and moderate-income families, realizing this dream is becoming increasingly out of reach. This is due to several factors, including rising housing costs, stagnant wages, and a decline in the availability of small-dollar mortgages, defined as those for homes priced at $150,000 or below.
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Housing Wire
NOVEMBER 19, 2024
The Bipartisan Congressional Real Estate Caucus is calling on the Federal Housing Finance Agency (FHFA) to cease its pilot program for title insurance waivers until the program is vetted and the agency seeks public input on it. The caucus expressed this view in a letter written by Reps. Lou Correa (D-Calif.), Mark Alford (R-Mo.), Tracey Mann (R-Kan.) and Brittany Pettersen (D-Colo.) and sent to FHFA Director Sandra Thompson on Monday.
Appraisal Buzz
NOVEMBER 19, 2024
The Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.4 million borrowers since March 2020. The share of Fannie Mae and Freddie Mac loans in forbearance increased seven basis points to 0.20% in October 2024.
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Housing Wire
NOVEMBER 19, 2024
The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned. In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA).
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 19, 2024
John Rogers is a well-known name in the world of mortgage and real estate data analysis. The globe-trotting CoreLogic executive recently earned a larger role at the California-based company and is now serving as its chief data and analytics officer. Rogers met with HousingWire to discuss his new role and cover a variety of topics, including artificial intelligence (AI), climate risk and land development.
Appraisal Buzz
NOVEMBER 19, 2024
Zillow Group COO Jun Choo Zillow Group has promoted tenured executive Jun Choo to the role of Chief Operating Officer (COO) where he will oversee Zillow’s for sale business strategy and operations including Enhanced Markets and Mortgages, in addition to the company’s real estate industry product lines, sales, and operations. Choo joined Zillow Group in 2015 through the company’s acquisition of Trulia, and has more than two decades of leadership and go-to-market experience in the real estate te
Housing Wire
NOVEMBER 19, 2024
The Corcoran Group is making moves in the Washington, D.C., metropolitan area. On Tuesday, the Anywhere brand announced the launch of Corcoran McEnearney , marking the entrance of the Corcoran Affiliates network into the nation’s capital. “We are thrilled to welcome Corcoran McEnearney, an impressive and well-respected company with a well-earned reputation for excellence and integrity,” Stephanie Anton , the president of Corcoran Affiliates, said in a statement.
Eyes on Housing
NOVEMBER 19, 2024
Housing starts edged lower last month as average monthly mortgage rates increased a quarter-point from 6.18% to 6.43% between September and October, according to Freddie Mac. Overall housing starts decreased 3.1% in October to a seasonally adjusted annual rate of 1.31 million units, according to a report from the U.S. Department of Housing and Urban.
Speaker: Dylan Secrest
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Housing Wire
NOVEMBER 19, 2024
Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts -based Stone Ridge Properties. The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Massachusetts. It is owned by Cathy Toomey, Celine Muldowney, Erica Puorro, Marc Ouellet, Nick Motsis and Sandy Berkenbush.
Appraisal Buzz
NOVEMBER 19, 2024
Cornerstone Home Lending President–National Retail Division Jay Crowell Cornerstone Home Lending , a division of Cornerstone Capital Bank , has announced the promotion of Jay Crowell to the newly created role of President–National Retail Division. Crowell will drive the strategy and continued growth of Cornerstone’s national retail and Realtor affiliate sales and operations.
Housing Wire
NOVEMBER 19, 2024
Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But as the share of first-time homebuyers gets smaller — and older — it’s not a given that homeowners will be able to tap that resource, according to reporting by The Wall Street Journal.
Real Estate News
NOVEMBER 19, 2024
The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.
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Housing Wire
NOVEMBER 19, 2024
In the newest episode of the RealTrending podcast , host Tracey Velt sits down with Kamini Lane, CEO and president of Coldwell Banker Realty. In this fireside chat, Velt and Lane explore her approach to leadership, Coldwell Banker’s unique focus on agent development and its training program that is designed to teach effective communication. Lane also shares key takeaways from her first year of leading Coldwell Banker following her previous role as president of Sotheby’s International Realty.
Eyes on Housing
NOVEMBER 19, 2024
Year-over-year gains for townhouse construction continued during the third quarter of 2024 as demand for medium-density housing continues to be solid despite slowing for other sectors of the building industry. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2024, single-family attached starts.
Real Estate News
NOVEMBER 19, 2024
The National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.
Appraisal Buzz
NOVEMBER 19, 2024
Due to increasing concern that Ginnie Mae issuers cannot transfer loans within a pool to transact a full loan mortgage servicing right (MSR) sale, the Community Lenders of America (CHLA) is asking Ginnie Mae to provide capabilities to allow for loan-level pooling. In a letter to the government agency, CHLA requests that Ginnie Mae act to provide the following capabilities: Do not require a full pool buyout to conduct a servicing transfer of Ginnie Mae loans.
Real Estate News
NOVEMBER 19, 2024
The credit-scoring company's near-monopoly has allowed it to set prices relatively unchecked, leaving mortgage lenders and borrowers at its mercy.
Appraisal Buzz
NOVEMBER 19, 2024
Home prices decreased 0.5% in October compared with September but were up 3.8% compared with October 2023, according to First American’s home price index. Home prices as of October were 54.2% higher compared to pre-pandemic levels in February 2020. “National annual house price appreciation stabilized in October, ending a nine-month streak of annual deceleration,” says Mark Fleming, chief economist at First American, in a statement.
Real Estate News
NOVEMBER 19, 2024
Judge holds firm on rules for objectors to NAR settlement; Homie says defendants created a "weapon"; another broker challenges association membership.
Inman
NOVEMBER 19, 2024
Zillow releases a new “BuyAbility” tool it says helps consumers find homes they can actually afford to buy after accounting for more variables.
Lamacchia Realty
NOVEMBER 19, 2024
Lamacchia Realty Has Acquired Stone Ridge Properties of Newburyport, MA and Amesbury, MA November 19, 2024 – Lamacchia Realty is proud to announce that they have acquired Stone Ridge Properties of Newburyport and Amesbury, Massachusetts. This highly respected brokerage with over 30 years in business is owned by Cathy Toomey , Celine Muldowney , Erica Puorro , Marc Ouellet , Nick Motsis , and Sandy Berkenbush.
Inman
NOVEMBER 19, 2024
The deal will refund buyers and sellers after the brokerage allegedly failed to disclose to its clients that it had received payments from Home Security of America to advertise HSA's home warranties.
Lamacchia Realty
NOVEMBER 19, 2024
Andrea Delahunty Qualifies for the 2024 Lamacchia Realty President’s Club We are happy to announce that Andrea Delahunty has officially qualified for the 2024 Lamacchia Realty President’s Club! She hit this impressive feat by surpassing $16,000,000 in sales volume this year! This is her second time qualifying for President’s Club, as she made the cut last year in 2023 , shortly after she joined Lamacchia Realty.
Inman
NOVEMBER 19, 2024
As real estate continues to evolve in a post-Sitzer | Burnett era, contract documents are likely to be refined and modified to reflect current trends, broker Cara Ameer writes.
Will Springer Realtor
NOVEMBER 19, 2024
Real estate is evolving rapidly, with technology driving new efficiencies and experiences across the industry. Since the pandemic, Realtors® and other industry professionals have adapted to emerging tech tools, enhancing clients’ home-buying and -selling journey in ways that also help them stay ahead of the competition. The consumer experience is also evolving, with a greater reliance on technology for exploring, evaluating and ultimately deciding on their next steps.
Inman
NOVEMBER 19, 2024
It's gratitude season, Darryl Davis writes, so let's show how much our colleagues, clients, vendors and friends mean with these affordable and original gift ideas.
Mortgagebroker News
NOVEMBER 19, 2024
The consumer price index saw a bigger jump than economists had expected. Is an oversized December rate cut now off the table?
Inman
NOVEMBER 19, 2024
Cara Ameer and Nicole Solari share the 25 terms that are crucial for new agents to explain to buyers and sellers without the benefit of crib notes.
Mortgagebroker News
NOVEMBER 19, 2024
He admitted to working with an unregistered broker to secure loans
Inman
NOVEMBER 19, 2024
This is a moment of transformation in our industry, and you have a choice: adapt or fall behind, coach Darryl Davis writes. Don’t wait for the market to dictate your future. Take control.
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