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Another jobs week has come to an end, and amid the chaotic headlines about job numbers, tariffs , and the leadership of the Treasury , mortgage rates remained calm. Better mortgage spreads are limiting how high rates can rise in 2025. This situation contrasts with the challenges the market faced in 2023, during the banking crisis when the Federal Reserve was still raising rates.
In a recently published report by Veterans United Home Loans , approximately one-in-three (32%) of prospective homebuyers are using artificial intelligence (AI) tools as part of their homebuying journey. The nationwide survey of nearly 900 prospective buyers found that searching for and virtually touring homes are the two most common uses of AI. The survey also revealed that 40% of prospective buyers interact with AI once a day or more.
In this post, Adjust for Time, Part 12, (read the whole series here) the FHFA Working Paper 24-07 infers a third common strategy for time adjustments. We will call this the plot–regress method. In this strategy MLS data on individual sales can be retrieved, and the appraiser can regress sales price on a time trend […] The post Adjust for Time Again?
If it feels impossible to start and consistently maintain a mindfulness habit, Aaron Hendon offers ways to incorporate it into what you're already doing.
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.
This Valentines weekend brought an unexpected gift to the housing market as a weaker-than-expected retail sales report sent the 10-year yield tumbling, bringing mortgage rates down to under 7%. Although its a welcome decline, were still seeing rates considerably higher than the near-6% levels we enjoyed for a fleeting moment last year. Its been a rollercoaster week for the bond market, particularly after a relative calm in mortgage pricing.
With their promise of stability, community, and homeownership, the nations suburbs attract more movers than any other type of neighborhood. And now people are moving to these safe, family-friendly havens not just for the peace and quiet, but for the strong job markets as well. A considerable number of movers want to live near a thriving job market that can support them should they lose a remote job.
With their promise of stability, community, and homeownership, the nations suburbs attract more movers than any other type of neighborhood. And now people are moving to these safe, family-friendly havens not just for the peace and quiet, but for the strong job markets as well. A considerable number of movers want to live near a thriving job market that can support them should they lose a remote job.
Originally published on 03/15/2016 Automatic Calculations are one of the most popular mobile form features used today Automatic Calculations is a powerful feature designed to save significant time and effort by automating calculations that would otherwise need to be performed manually. By eliminating the need for manual math, Calculated fields not only streamline your workflow but also ensure accuracy, reducing the risk of human error often associated with pen-and-paper calculations.
It's hard to tell fact vs. fiction these days. Get the tools and tips for becoming a smart agent who can spot fake news, deepfakes and misinformation a mile away with trainer Rachael Hite.
Freddie Mac recorded a net income of $3.2 billion for Q4 2024 and $11.9 billion for the full year 2024, it reported this morning. The full-year net income figure marked an increase of 13% from 2023. Comprehensive income increased 11% from 2023 to $11.9 billion. In its earnings call, Freddie Mac’s Executive Vice President and Chief Financial Officer James Whitlinger noted that the GSE delivered its strongest earnings since 2021 , with its net worth reaching nearly $60 billion. “We als
Inflation has been exceptionally high in the 2020s, with average prices (as measured by the Consumer Price Index [CPI]) up 22% for the decade as of June 2024. Thats already surpassing inflation for the entire 2010s at 20%, and well on the way to topping the cumulative inflation of the 2000s and 1990s (29% and 32%, respectively). Housing, whether by rent or home prices, has seen far more appreciation than the other goods and services in the CPI: home price increases have doubled that of the overa
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.
The D.C. shakeup continues as Elon Musks DOGE team takes on HUD, looks to cut staff by half; the CFPB awaits a new director and retains funding for now.
Mortgage rates have inched downward, with the 30-year fixed rate falling down "by a fraction of a point to 6.96 percent," Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday.However, Corcoran believes the minimal drop is not enough to spur major market challenges.
In this week’s episode of the RealTrending podcast , host Tracey Velt traveled to the REengage Winter Conference to speak with Illinois Realtors CEO Jeff Baker and president Tommy Choi. During the conversation, the group discuss real estate market challenges, the value of being a part of an association, and growth areas for associations in 2025.
According to a new report from Redfin , homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. Redfin found that pending home sales in January fell to the lowest level on record aside from the start of the pandemic. Pending home sales dropped 4.2% month-over-monththe largest decline on a seasonally adjusted basis reported since August 2023and 6.3% year-over-year.
Demand is weak, rates remain elevated and sellers appear weary but buyers may return to the market this spring to take advantage of deals on the margins.
Redfin has announced yet another round of layoffs. According to a document filed with the Securities and Exchange Commission Tuesday evening, Redfin will be cutting 450 employees from its rental division. This announcement came just hours after Zillow announced a syndication deal with Redfin for its rental listings on its Q4 2024 earnings call with investors.
Foreclosure filings including default notices, scheduled auctions or bank repossessions increased 8% in January compared the December but were down 7% compared with January 2024, according to ATTOMs latest Foreclosure Market Report. The report shows there were a total of 30,816 U.S. properties with foreclosure filings in January. Of particular note, foreclosures starts increased 8% in January, compared with the month prior, to reach a total of 20,994 for the month.
Inman seeks fresh perspectives and new ideas from people like you for the Inman Connect stage when the conference heads to San Diego on July 30-Aug. 1, 2025. Fill out a short form to apply.
Our economy faces many challenges persistent high mortgage interest rates , a declining rate of existing home sales, elevated costs for basic goods and services, labor market imbalances, and rising health care costs to name just a few. As a new Administration takes over, dozens of policy prescriptions are being discussed that aim to unshackle the greatest economy in the world.
According to ATTOMs January 2025 U.S. Foreclosure Market Report, 30,816 U.S. homes had foreclosure filings, such as default notifications, scheduled auctions, or bank repossessions. This is a 7% decrease from a year ago but an 8% increase over the previous month. January showed a monthly increase in foreclosure filings that may in some part be the result of a normal post-holiday catch up of filings, said Rob Barber, CEO at ATTOM.
The latest CPI data suggests rates will remain elevated heading into the spring shopping season, and some analysts now expect just one rate cut this year.
Bert Whalen was ordered to serve over 3 years in prison for his role in a scheme to sell hundreds of dilapidated homes to rookie investors, working at times with a former host of Fox & Friends.
Real estate thank you notes are an easy, underutilized tool in the real estate world. With so many aspects of our lives and businesses going virtual, a snail mail thank you note is more impactful and memorable than ever before. It adds a personal touch and makes me stand out from all the other agents out there. Ive used thank you notes in my business for over a decade and even received referrals from people Ive met at networking events because they were so impressed by my immediate follow-up not
If youve completed an appraisal in the past week, you’ll want to hear this. The GSEs’ new time adjustment requirements went into effect on February 4th, and they come with some major changes for appraisers. To break it all down, weve brought in Matthew Hyatt from True Footage to explain what appraisers need to do to stay compliant. In this episode, we cover: What the new policy means for appraisers How to properly document time adjustments in your reports What resources are available
The company, which signed an exclusive listings partnership with Zillow on Feb. 11, will complete the layoffs in July as it restructures its rentals segment.
Choose a successor, and start planning today to ensure your real estate company continues to thrive for years to come, Better Homes and Gardens' President Ginger Wilcox writes.
On Friday, Fannie Mae reported $17 billion in net income in 2024, down slightly from its $17.4 billion profit in 2023. The government-sponsored enterprise (GSE) had net income of $4.1 billion in the fourth quarter of 2024, marking its 28th consecutive quarter of positive earnings. Fannie Mae president and CEO Priscilla Almodovar said during Friday’s earnings call that at the end of 2024, the GSE grew its net worth to nearly $95 billion.
The mortgage delinquency rate on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98% as of the end of the fourth quarter, according to the Mortgage Bankers Association. Thats up 6 basis points compared with the end of the third quarter and up 10 basis points from one year ago. Most of the overall increase was attributable to significant increases in delinquencies for FHA and VA loans: The FHA delinquency rate increased 57 basis points to 11.03%, while the VA
Older residents of the state of California , meaning those aged 65 or older, made up roughly 14% of the states population in 2020. That figure is poised to rise to 22% by 2040, marking a 59% increase, while the number of residents between the ages of 20-64 is projected to remain largely unchanged during that period. However, the range of people between the ages of 0 and 17 will also drop by 24% during that time, resulting in an old-age dependency ratio of 38 older adults per 100 working-age adul
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