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 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 448

Mortgage Home Improvement Government Investors 448

George Dell

JULY 10, 2024

Bias is an important topic right now. So what are we really talking about? Is someone right? And others wrong? Again, so much divisiveness today is the result of misunderstanding, and the tendency to believe whatever supports your prior opinion. I have heard: Appraisers are biased (meaning racially biased). Appraisers are not biased, so stop […] The post Bias or Unbias?

Appraisal 367

Appraisal 367

Real Estate News

JULY 8, 2024

Bucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.

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Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Auction.com , a marketplace for distressed home sales, released its 2024 Seller Insights report on Friday.

Property Taxes 488

Property Taxes Mortgage Insurance Government 488

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 435

Tenants Landlords Legal Finance 435

Real Estate News

JULY 12, 2024

So much for that housing market recovery everyone was expecting. Builders and boomers could provide bright spots, but what about the NAR settlement?

Housing Market 312

Housing Market Marketing 312

Housing Wire

JULY 8, 2024

Nationally, the housing market indicators have been slow for several months now. There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. is 40% more now than last year, but some markets are just now starting to lift beyond the pandemic lows.

Inventory 482

Inventory Contracts Sellers New Listings 482

Appraisal Buzz

JULY 9, 2024

The number of homes currently for sale increased for an eighth consecutive month in June, rising by 36.7% year-over-year, according to Realtor.com June housing data. The median home also spent 45 days on the market, an increase of two days over the previous year. The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors.

Housing Market 418

Housing Market Buyers Marketing Inventory 418

Inman

JULY 12, 2024

Stay ahead of the market with Chris Pollinger's top 6 luxury real estate trends of 2024. Learn what luxury clients are seeking and how to cater to their discerning taste.

Real Estate 198

Real Estate Clients Marketing Real Estate Agent 198

Real Estate News

JULY 12, 2024

The typical agent had fewer transactions and less income last year, NAR found, but that’s not stopping newcomers from joining — and old pros are doing well.

Agents 312

Agents 312

Housing Wire

JULY 11, 2024

Mortgage rates are falling today as the CPI inflation data came in lighter than anticipated. The shelter side of the equation was a big help in today’s report. The financial markets’ dynamism was evident in the immediate reaction to the 10-year yield, which had a waterfall dive to a key critical level of around 4.20%, as shown below. With the labor market showing signs of softening and the Federal Reserve expressing concerns, the possibility of our first-rate cut in 2024 looms.

Mortgage 476

Mortgage Marketing Housing Market 476

Appraisal Buzz

JULY 8, 2024

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Mortgage 409

Mortgage Construction Marketing Finance 409

Inman

JULY 7, 2024

As a real estate agent, your reputation can make or break your business. Christy Murdock shares seven things that can significantly damage your professional image and what you can do to avoid them.

Real Estate Agent 200

Real Estate Agent Real Estate Agents Business 200

Real Estate News

JULY 9, 2024

Eric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.

Real Estate 299

Real Estate 299

Housing Wire

JULY 12, 2024

The California Association of Realtors (CAR) evidently wants no part of the Department of Justice. The association announced on Wednesday that it will release new and updated forms after a delay caused by the DOJ launching a formal inquiry into CAR at the end of June. The DOJ expressed concerns about possible loopholes the forms might contain, which could allow agents to skirt new rules implemented as part of the National Association of Realtors’ (NAR) antitrust settlement.

Realtors 475

Realtors Legal Agents Law 475

Appraisal Buzz

JULY 11, 2024

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. In June, the MCAI increased by 1.0% to 95.0. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 397

Mortgage Government Lending Technology 397

Inman

JULY 9, 2024

The deal marks the seventh purchase in 12 months for Massachusetts-based Lamacchia Realty as it signals acquisitions across New England in 2025. "I want to triple that in the next 12," CEO says.

Realty 198

Realty Real Estate Brokerage Agents 198

Real Estate News

JULY 8, 2024

Andy Florance told Real Estate News that a former Realtor.com employee is a ‘pawn’ in a broader dispute, and the bigger picture involves global expansion.

Real Estate 294

Real Estate 294

Housing Wire

JULY 10, 2024

Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private companies and public officials alike that emphasize their utility for housing seniors. In one recent instance highlighted by the Los Angeles Times , one family turned to an ADU after finding limited options and is poised to see a loved one live in a modern, age-appropriate setting.

Mortgage 476

Mortgage Tenants Construction Landlords 476

Appraisal Buzz

JULY 11, 2024

ATTOM Data has released its Midyear 2024 U.S. Foreclosure Market Report which shows that 117,431 residential properties had some sort of foreclosure filing against them—be it a default notice, an auction, or a bank repossession—during the first six months of the year. The 117,000-some-odd adverse actions that were taken during the first half of the year is down 4.4% from the same time period last year but is up 7.8% from two years ago.

Real Estate 396

Real Estate Housing Market Marketing Appraisal 396

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 197

Real Estate Real Estate Agent Agents Brokerage 197

Real Estate News

JULY 12, 2024

Settlement details and dates have been set for Compass, Real, Douglas Elliman, Realty One and @properties, but NAR hit a roadblock in its fight with the DOJ.

Brokerage 290

Brokerage Realty 290

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes.

Housing Market 476

Housing Market Mortgage Inventory Marketing 476

Appraisal Buzz

JULY 11, 2024

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Design 396

Design Government Investors Technology 396

Inman

JULY 9, 2024

RentRedi's Ryan Barone offers strategies for branding and marketing rental properties across a variety of digital platforms.

Advertising 196

Advertising Marketing Agents 196

Real Estate News

JULY 12, 2024

The California association has been the subject of a DOJ inquiry and a scathing CFA report. Updates released this week may allay some of those concerns.

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290

Housing Wire

JULY 12, 2024

Editor in Chief Sarah Wheeler sat down with Brooke Anderson-Tompkins to talk about responsible AI and the scope of implementing AI in your business. Anderson-Tompkins was president of 1st Priority Mortgage for 15 years and is a former chair of the Community Mortgage Lenders of America (now Community Home Lenders of America). She is now founder and CEO of Bridge AIvisory and will be a speaker at HousingWire’s AI Summit.

Design 470

Design Training Business Real Estate 470

Appraisal Buzz

JULY 10, 2024

In the most recent Fannie Mae Mortgage Lender Sentiment Survey (MLSS), mortgage lenders listed “cost-cutting” and “talent management and leadership” as their two top business objectives for 2024. Lenders had stated last year that lowering costs was their top goal. According to the most recent MLSS, almost two-thirds of respondents said they planned to reduce staff in 2023; however, very few said they expected this trend to remain until 2024.

Mortgage 396

Mortgage Business Technology Development 396

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 195

Legal Realtors Clients Buyers 195

Real Estate News

JULY 11, 2024

Mortgage rates dipped this week, and the latest inflation and jobs data increase the chance of a rate cut in September.

Mortgage 290

Mortgage 290

Housing Wire

JULY 10, 2024

Single-family rents have risen by a mind-boggling 39.6% since the COVID-19 pandemic began in March 2020. More recently, these increases have been more of a mixed bag, depending on the metro area. At the national level, rent growth is gaining speed again. Zillow ‘s monthly rental report shows that U.S. single-family rents rose by 4.7% year over year in June and were 0.4% higher than in May.

Marketing 468

Marketing Housing Market Real Estate 468

Appraisal Buzz

JULY 8, 2024

According to a brief report from Redfin News, pending home sales posted their biggest decline since February in June of this year—good news for prospective buyers as there are more new listings to choose from, and monthly housing payments are down around $100 from their peak in April due to declining, but still relatively high, mortgage rates. While Redfin did not post an in-depth analysis of this news this news cycle, they did still report the latest housing market data via charts and graphs.

New Listings 397

New Listings Housing Market Buyers Mortgage 397

Inman

JULY 12, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 194

Brokerage Agents 194