Fri.Jan 31, 2025

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U.S. Homes Selling at Slowest Pace Since 2019

Appraisal Buzz

According to a recent Redfin study, housing prices and mortgage rates are still high, and home sales are at their weakest pace since the pandemic began. Not only are properties selling more slowly, but there are also fewer residences being turned over. Prospective buyers have been cautious because theyve seen homes sitting on the market and theyve heard interest rates and prices may drop.

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Planet Financial hires Ken Quantie to lead KeyLink Title

Housing Wire

The title entity of Planet Financial Group has a new leader. On Thursday, Planet announced the hiring of Ken Quantie as its new senior vice president of KeyLink Title. In this role, Quantie will work to expand KeyLinks residential and commercial title offerings, making them available to outside financial services entities by the end of first-quarter 2025.

Clients 392
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Q4 Home Equity Holds Steady Nationwide

Appraisal Buzz

ATTOM has released its Q4 2024 U.S. Home Equity & Underwater Report , which shows that 47.7% of mortgaged residential properties in the U.S. were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. That level was down slightly from 48.3% in Q3 of 2024, and from a recent peak of 49.2% in the prior three-month period.

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PennyMac’s 2024 performance driven by strong servicing portfolio

Housing Wire

PennyMac Financial Services Inc. reported Thursday that it earned $104.5 million in net income during the fourth quarter of 2024 on revenue of $470.1 million. It’s an about-face for PennyMac after it posted a net loss of $36.8 million in Q4 2023. For 2024 as a whole, the California -based lender earned a profit of $311.4 million, up from $144.7 million in 2023.

Lending 366
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The Constructor's Digital Transformation Playbook: Reducing Risk With Technology

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.

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Final judgment puts a bow on NAR commissions deal

Real Estate News

Court documents lay out the details of the landmark Sitzer/Burnett settlement, including whos in (covered parties and opt-ins) and sellers who opted out.

Sellers 259

More Trending

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Unlock MLS to allow non-Realtor access

Real Estate News

The CEO of the Austin-based multiple listing service wants subscribers to know we value the ability for them to choose whats best for their business.

Realtors 245
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Evergreen Home Loans expands to five Southeast states

Housing Wire

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. The company has also hired John Porath as its new regional manager to oversee business in Florida , Georgia , North Carolina, South Carolina and Tennessee. “I’m thrilled to have someone as talented as John leading our new Southeast Region,” Robert Lipston, executive vice president for Evergreen Home Loans, said in a statem

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Purchase Mortgage App Payments Leveled in December

Appraisal Buzz

With the national median payment requested by purchase applicants falling to $2,127 from $2,133 in November, homebuyer affordability improved marginally in December. This is in line with the Mortgage Bankers Association s (MBA) Purchase Applications Payment Index (PAPI), which uses information from the MBA Weekly Applications Survey (WAS) to calculate how new monthly mortgage payments change over time in relation to income.

Mortgage 195
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Aging-in-place tech platform secures $35M funding round

Housing Wire

An aging-in-place technology platform recently secured a $35 million funding round, which it hopes to use to expand its existing partnership portfolio while also aiming to enter the Medicaid market. The Helper Bees is a platform that connects older adults to a network of non-medical products and services, according to the company. It is designed to make it easier for payers to offer these essential services directly into the home addressing critical needs such as in-home caregiving, home modifi

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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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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ATTOM: U.S. Homeowners Saw Their Equity Gains Slow in Q4 

Appraisal Buzz

Home prices basically stabilized nationwide in the fourth quarter and as a result, home equity gains dipped sightly. However, as per ATTOMs fourth quarter 2024 U.S. Home Equity & Underwater Report , 95% of homeowners continue to have property wealth built-up and only a smallportion of homeowners are seriously underwater on their mortgages. The report shows that 47.7% percent of mortgaged residential properties in the U.S. were considered equity-rich in the fourth quarter, meaning that the

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Your social media blueprint from a 22-year-old real estate prodigy

Inman

Learn the social media secrets of Omer Reshid, a powerhouse real estate pro and social media expert who shares his insights with Real's Jimmy Burgess.

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iEmergent Launches Shareable Market Intelligence Dashboards

Appraisal Buzz

Forecasting and advisory services firm iEmergent has released four new market intelligence dashboards that make it easy for lenders to slice, visualize, export and share historical and forecasted loan production, real estate listing and demographic data. Powered by iEmergents award-winning market intelligence platform, MortgageMarketSmart, the new dashboards empower banks, credit unions and independent mortgage bankers (IMBs) to identify untapped mortgage lending opportunities and implement acti

Marketing 195
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Pending home sales decline 5.5% following months of growth

Inman

The Pending Home Sales Index (PHSI), which tracks contract signings as a measure of future home sales, fell 5.5 percent to 74.2 in December, according to data released Thursday by the National Association of Realtors.

Contracts 173
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FHFA: Home Price Growth Continued to Slow Nationally in November

Appraisal Buzz

Home price growth both nationally and regionally showed signs of slowing in November, according to the Federal Housing Finance Agencys (FHFA) seasonally adjusted home price index. The index shows that U.S. home prices increased 0.3% in November compared with October and were up 4.2% compared with November 2023. The agencys previously reported 0.4% price growth in October was revised upward to 0.5%.

Finance 195
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RE/MAX Properties and RE/MAX Advantage Realty officially merge

Inman

Led by Tony and Brooke Clement or RE/MAX Properties and Scott and Traci O'Connor of RE/MAX Advantage, the newly combined firm brings over 65 years of real estate expertise.

Realty 164
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Planet Financial Group Taps Ken Quantie as SVP for KeyLink Title

Appraisal Buzz

Ken Quantie has joined Planet Financial Group as senior vice president heading up the firms KeyLink title entity. Prior to joining KeyLink, Quantie was president of UTB Title. He has also held senior positions at Carrington Title Services, SolutionStar Settlement Services, Chronos Title Solutions, Brightline Title, Closings & Escrow, and Selene Title, LLC.

Clients 195
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Trending: Taking a deep dive into AI and algorithms

Inman

AI disruptors, evolving social media algorithms and new content formats are changing real estate marketing. Jessi Healey breaks down the latest trends and how agents can adapt to stay ahead.

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Legal League’s Spring Servicer Summit Set for March

Appraisal Buzz

Open to all mortgage lending and servicing professionals, GSEs, government entities, and Legal League members, Legal Leagues 2025 Spring Servicer Summit , set for Tuesday-Wednesday, March 25-26 at the Hotel Crescent Court in Dallas, Texas will feature the nations elite financial services law firms to discuss default policies, procedures, and emerging issues with leading mortgage servicing executives.

Legal 195
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Tony Hawk calls homeownership ‘saving grace’ during career slump

Inman

Inman Connect San Diego keynote and skateboarding icon Tony Hawk appeared on SoFi's Richer Lives podcast and shared how his first home purchase saved his family during a financial dry spell.

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Data Cancer Infecting the Real Estate Market

Appraiserblogs

They have created the phenomenon known as data cancer which reduces an appraisal to a rubber stamp that contaminates the comps used for future sales. The ability to do an appraisal for Fannie Mae or Freddie Mac is getting rarer these days now that the GSEs are waiving appraisals on the majority of transactions. Despite drones being everywhere and the GSEs being in receivership, the latter is desperate for higher loan volumes to feed their origination infrastructure.

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Winter Real Estate Trends in Massachusetts

Boston Appraisal

Dive into the latest **Winter Real Estate Trends in Massachusetts**! In this insightful video, we explore how the colder months can actually benefit both buyers and sellers in the real estate market. With fewer properties available, sellers can shine amid reduced competition, while serious buyers often seek quick transactions driven by urgent needs.

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High housing costs are pummelling Canada’s economic growth prospects, says CMHC

Mortgagebroker News

Individuals are increasingly deterred from relocating because of the cost of living in major cities

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Personal Income Rises 0.4% in December

Eyes on Housing

Personal income increased by 0.4% in December, following a 0.3% rise in November and a 0.7% gain in October, according to the latest data from the Bureau of Economic Analysis. The gains in personal income were largely driven by higher wages and salaries. However, the pace of personal income growth slowed from its peak monthly.

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How can homebuyers build a successful mortgage application in a tough market?

Mortgagebroker News

Interest rates may be on the way down, but putting together a successful application remains a daunting task for many hopeful buyers

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What’s Going On in Indianapolis? An Close Analysis of the Housing Market

BiggerPockets

When real estate investors hear affordable cash flow cities, they may think of Detroit or Cleveland.

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Mike Morgan Honored with The Impact Award at Boston Children’s Hospital Night of Stars

Lamacchia Realty

Mike Morgan Honored with The Impact Award at Boston Childrens Hospital Night of Stars Boston, MA 01/30/2025 We are thrilled to announce that Mike Morgan , Acquisition Support Manager at Lamacchia Realty, has been honored with The Impact Award at the Boston Childrens Hospital Night of Stars reception for his unwavering dedication to helping others and making a meaningful difference in the lives of children, families, and those in need.

Realty 69
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4 Cities Where You Can Live for Free in 2025

BiggerPockets

One of the best ways to live for free is a strategy almost every successful real estate investor uses at some point in their journey: house hacking.

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Appraisals and the Cost Approach

Appraisal Today

Newz: DEI and Appraisers, New GSE Market Analysis Deadline Feb. 4 January 31, 2025 Whats in This Newsletter (In Order, Scroll Down) LIA AD: Weather Impact What is the Cost Approach to Real Estate Appraisal? Unparalleled 3-Mansion Compound on Miamis Exclusive Palm Island Splashes Onto the Market for $150 Million DEI and Appraisers Fannie and Freddie Forecasts Fannie, Freddie: New Market Analysis Requirements February 4th Mortgage applications decreased 2.0 percent from one week earlier —

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How to Assess a Property’s Hurricane Risk Before Moving

Lamacchia Realty

HOW TO ASSESS A PROPERTY'S HURRICANE RISK BEFORE MOVING Moving to a new home is a significant decision, and understanding potential risks is essential to make an informed choice. For those considering a move to a hurricane-prone area, assessing a propertys hurricane risk is a key step in ensuring your safety and protecting your investment. You can make a smart and confident decision by evaluating the propertys location, construction features, and local resources.

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Feds delay capital gains tax hike

Mortgagebroker News

The measure, which applies to the sale of certain real estate, has been shelved for now

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Fund Your FIRST Rental Property with These Side Hustle Ideas (Rookie Reply)

BiggerPockets

Do you need more money to buy your first rental property?

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Recent rate cuts drive shift to variable-rate mortgages

Mortgagebroker News

A change in borrowing costs is leading more buyers to explore a new mortgage option