Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Inventory 545

Inventory Housing Market Mortgage Marketing 545

Appraisal Buzz

JULY 26, 2024

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.

Housing Market 450

Housing Market Marketing Home Value Mortgage 450

Real Estate News

JULY 24, 2024

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

Contracts 334

Contracts Buyers Marketing 334

Inman

JULY 9, 2024

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

Real Estate Agent 202

Real Estate Agent Real Estate Brokerage Agents 202

Eyes on Housing

JULY 25, 2024

In the second quarter of 2024, the U.S. economy grew twice as fast as it did in the first quarter, supported by consumer spending and private inventory investment. Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.3% for the second quarter, down from a 3.1% increase.

Inventory 187

Inventory Investing 187

National Association of Realtors

JULY 19, 2024

With practice changes coming that include the prohibition of offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep an open line of communication.

Appraisal 92

Appraisal Agents 92

Appraisal Buzz

JULY 10, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed new rules to simplify the process for homeowners to get help when struggling to pay their mortgage. “ Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties ,” if finalized, would require mortgage servicers to focus on helping borrowers, not foreclosing, when a homeowner asks for help.

Mortgage 450

Mortgage Home Improvement Government Investors 450

Real Estate News

JULY 24, 2024

A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.

314

314

Inman

JULY 5, 2024

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

Mortgage 201

Mortgage Marketing 201

Eyes on Housing

JULY 31, 2024

The U.S. homeownership rate was 65.6% in the second quarter of 2024, unchanged from the first quarter of 2024, according to the Census’s Housing Vacancies and Homeownership Survey (HVS). However, this marks the lowest rate in the last two years. The homeownership rate is below the 25-year average rate of 66.4%, due to a multidecade.

179

179

BiggerPockets

JULY 7, 2024

The mortgage industry has just been through one of its biggest booms and busts, but some tech-first, cost-saving innovations could improve things for borrowers after this current cycle.

Finance 90

Finance Mortgage Marketing 90

Housing Wire

JULY 23, 2024

Mortgage rates continue to move lower this week even as higher borrowing costs have kept activity subdued across many areas of the housing market. According to data at HousingWire ’s Mortgage Rates Center , the average rate for 30-year conforming loans was at 7.01% on Tuesday, down 5 basis points from one week ago and 10 basis points lower than two weeks ago.

Mortgage 511

Mortgage Real Estate Agent Finance Buyers 511

Appraisal Buzz

JULY 29, 2024

Renters across the United States are grappling with soaring rental prices, a trend that shows no signs of slowing. According to a recent analysis by Forbes , rental prices have reached unprecedented levels, leaving many renters in a difficult position. Current Market Trends The latest data indicates that the average rent for a one-bedroom apartment has increased by approximately 10% over the past year.

Law 436

Law Tenants Construction Marketing 436

Real Estate News

JULY 22, 2024

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

Buyers 313

Buyers Contracts Realtors 313

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 199

Contracts Buyers Sellers Brokerage 199

Eyes on Housing

JULY 1, 2024

Private residential construction spending was down 0.2% in May after surging 0.9% in the prior month, according to the Construction Spending. Nevertheless, spending remained 6.5% higher compared to a year ago. The monthly decline in total private construction spending for May is largely due to reduced spending on single-family construction. Spending on single-family construction fell.

Construction 179

Construction 179

BiggerPockets

JULY 31, 2024

All signs seem to point to a September federal rate cut. It's likely to be the first step toward a revived housing market, but how should investors prepare?

Investors 92

Investors Housing Market Marketing 92

Housing Wire

JULY 13, 2024

In 2023, following the collapse of Silicon Valley Bank , the spreads between the 30-year mortgage and 10-year yield were at their worst, leading to new cycle highs. This meant mortgage rates were significantly higher than average. However, this year, we’re seeing a different trend with the spreads: they’re improving, and mortgage rates are trending better as a result, even with the 10-year yield still above 4%.

Mortgage 513

Mortgage New Listings Inventory Contracts 513

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This marks an increase from 59.6% year-over-year, the largest annual rise in a year and the highest share for any June since 2020. June marked the fourth consecutive month in which the proportion of homes lingering on the market for at least a month increased year-over-year.

Inventory 434

Inventory Marketing HOA Contracts 434

Real Estate News

JULY 18, 2024

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Buyers 307

Buyers Inventory Mortgage 307

Inman

JULY 12, 2024

The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.

Legal 194

Legal Realtors Clients Buyers 194

Eyes on Housing

JULY 30, 2024

Home prices experienced a third year-over-year deceleration in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 5.94% annual gain in May, down from a 6.39% increase in April. Since June of 2023, the index had seen steady increases in the.

174

174

BiggerPockets

JULY 26, 2024

Renting has its horror stories, and sometimes it gets out of control. Jeff gives us an inside look at what happened when one of his tenants rented out his property without him knowing, plus stories from other landlords.

Tenants 90

Tenants Landlords 90

Housing Wire

JULY 17, 2024

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

Real Estate 493

Real Estate Agents Training Buyers 493

Appraisal Buzz

JULY 12, 2024

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). These new protections were brought about due to the FHFA’s ongoing engagement with market participants and key stakeholders on tenant issues, and represents the first time that tenant protections will be a standard component of GSE multifamily financing.

Tenants 436

Tenants Landlords Legal Finance 436

Real Estate News

JULY 27, 2024

To align with the NAR settlement, eXp has issued a new listing form that explicitly states that there is no commission sharing with a buyer's agent.

New Listings 290

New Listings Agents Buyers 290

Inman

JULY 9, 2024

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.

Real Estate 195

Real Estate Real Estate Agent Agents Brokerage 195

Eyes on Housing

JULY 26, 2024

Personal income inched up 0.2% in June, down from a 0.4% increase in the prior month, according to the most recent data release from the Bureau of Economic Analysis (BEA). Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the personal savings rate decreased to.

174

174

BiggerPockets

JULY 21, 2024

Love traveling? Want to make more money? Looking for real estate with lower price points and higher returns? International real estate investments may be for you.

Real Estate 91

Real Estate Investing 91

Housing Wire

JULY 15, 2024

Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months.

Housing Market 497

Housing Market New Listings Marketing Mortgage 497

Appraisal Buzz

JULY 2, 2024

Homeowners preparing to sell, as well as those planning to stay put for the long haul, undertake home improvement projects, either to boost the property’s resale value or to increase their at-home quality of life. In order to help either type of homeowner make smarter choices, analysts at Fixr examine data from the annual Remodeling Cost vs. Value Report to determine home improvement projects with the greatest return on investment.

Home Improvement 436

Home Improvement Investing Real Estate Real Estate Agent 436

Real Estate News

JULY 2, 2024

A proposed mixed-use apartment community anchored by a Costco warehouse store could signal a new approach to affordable housing.

293

293

Inman

JULY 23, 2024

NextHome CEO James Dwiggins shares his thoughts on agents who use websites designed to advertise offers of compensation from listings after the NAR settlement takes effect next month.

Advertising 190

Advertising Design Agents Brokerage 190

Eyes on Housing

JULY 9, 2024

Close to two thirds (65%) of new single-family detached homes sold in 2023 were built on lots under 9,000 square feet, which is less than 1/5 of an acre. According to the latest Survey of Construction (SOC), this is the highest share on record and reflects stark changes in the lot size distribution over the.

Construction 174

Construction 174