Housing Wire

NOVEMBER 2, 2024

Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. Our weekly tracker data is created to look ahead of the traditional monthly reports such as Case Shiller and the NAR existing home sales report, and what I have seen over the past few weeks has shocked me. I want to show you how the data changed with mortgage rates heading toward 6% so the next time this happens, we have a better idea of what to expect in the housing market.

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Appraisal Buzz

NOVEMBER 6, 2024

A new report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) takes a closer look at the shifting demographics for older Americans over 50 and the impact on the nation’s housing supply. The report, authored by Gary V. Engelhardt , Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University, and Faculty Associate in the Syracuse University Aging Studies Institute, found that as older Americans continue to remain

Home Value 458

Home Value Buyers Mortgage Marketing 458

Sacramento Appraisal Blog

NOVEMBER 6, 2024

Goodbye California. Many households have said that in recent years, and in a housing market that feels frozen with so many sellers sitting, one of the groups that still has incentive to sell happens to be residents leaving the state. Today, let’s talk about fresh migration stats. Any thoughts? UPCOMING SPEAKING GIGS: 11/7/2024 Think Like […] The post Saying goodbye to California first appeared on Sacramento Appraisal Blog.

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Sellers Housing Market Appraisal Marketing 377

Real Estate News

NOVEMBER 7, 2024

The company says its innovative AI and financial products give it an edge as it increases revenue and agent count despite a difficult housing market.

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Housing Wire

NOVEMBER 7, 2024

Climate change is increasing the intensity and severity of natural disasters. It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. In just the past two months, two major hurricanes battered Florida, inflicting physical and financial damage that is projected to exceed $100 billion.

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Insurance Supply Chain Real Estate Design 459

Appraisal Buzz

NOVEMBER 4, 2024

A recent WalletHub report identifies Montana, Washington, and Minnesota as the nation’s top states experiencing the steepest decreases in credit limits over the past year. The study, covering Q2 2023 to Q2 2024, highlights the economic factors driving these reductions, including inflation and credit card delinquency, which have impacted credit access for consumers nationwide.

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Appraisal 435

Real Estate News

NOVEMBER 6, 2024

HUD and FHFA executives spoke recently about ways the federal government should get more involved in issues like zoning, mortgages, insurance and appraisals.

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Housing Wire

NOVEMBER 5, 2024

The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. A new report from the National Association of Realtors (NAR) surveyed buyers and sellers on what they want from their real estate agents.

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Real Estate Agent Real Estate Sellers Agents 435

Appraisal Buzz

NOVEMBER 8, 2024

In its latest Lending Intelligence Report, J.D. Power examines artificial intelligence and its emergence in the mortgage marketplace. In the report “ With AI-Powered Chatbots Coming to Customer Service, Are Mortgage Customers Ready? ” three-fourths of business leaders said they were planning to escalate their AI investments as they continue to see positive strides in customer service functionality.

Mortgage 389

Mortgage Investing Technology Training 389

Inman

NOVEMBER 7, 2024

The San Francisco-based iBuyer bought and sold more homes during Q3 than it did a year ago and trimmed its net loss by 14 percent from Q2 and 26 percent from a year ago.

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Real Estate News

NOVEMBER 6, 2024

Growth across all major divisions, which the company attributed to strong conversions and agent partnerships, produced double-digit gains in the third quarter.

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Agents 280

Housing Wire

NOVEMBER 4, 2024

Editor’s note: This is the fifth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. What does a real estate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ?

Agents 435

Agents Inspection Real Estate Sellers 435

Appraisal Buzz

NOVEMBER 5, 2024

The CoreLogic has released the Home Price Index (HPI) and HPI Forecast for September 2024. In September, the annual growth rate of U.S. home prices slowed to 3.4%. After months of moderate monthly losses, property prices recovered to register a very minor rise (0.02%) when compared to the previous month. All things considered, since late summer, home prices have remained largely unchanged.

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Housing Market Mortgage Buyers Appraisal 397

Inman

NOVEMBER 8, 2024

Davis and her team, the Wendy Davis Group, join the firm from eXp Realty. Davis will manage operations at Coldwell Banker Realty's Sherman Oaks and Studio City offices.

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Realty Real Estate Brokerage Agents 167

Real Estate News

NOVEMBER 6, 2024

In the short term, expect "rising and more unpredictable mortgage rates." But the Fed will likely stay the course and issue a modest rate cut this week.

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Mortgage 259

Housing Wire

NOVEMBER 5, 2024

In efforts to escape “sky-high real estate prices” and rising costs of living, California residents are favoring Arizona as a top relocation destination behind only Texas. That’s according to a report released Monday by StorageCafe , a national marketplace for storage space and an affiliate of real estate data provider Yardi. The report reviewed U.S.

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Real Estate Technology Business Housing Market 418

Appraisal Buzz

NOVEMBER 8, 2024

The third-quarter 2024 study from ATTOM examines eligible low-income Opportunity Zones that Congress designated for economic revitalization under the 2017 Tax Cuts and Jobs Act. In this analysis, ATTOM examined 3,857 U.S. zones that had at least five home sales in the third quarter of 2024 and had enough data to analyze. According to the analysis, in 53% of Opportunity Zones nationwide with sufficient data to measure, median prices for single-family homes and condos rose between the second and t

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Housing Market Marketing Design Home Value 369

Inman

NOVEMBER 7, 2024

The Real Brokerage added more than 2,000 new agents in the third quarter while revenue rose to $372.5 million, according to quarterly earnings Thursday. The company posted a net loss of $2.5 million.

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Brokerage Agents 167

Real Estate News

NOVEMBER 8, 2024

During a Q3 earnings call, CEO Ryan Schneider reiterated his support of the CCP but said large firms would be the winners if it goes away. Revenue, income fell.

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Housing Wire

NOVEMBER 5, 2024

As the cost of buying a home has risen faster than the cost of renting for the past four quarters, it’s no surprise that renter households are witnessing more growth than their owner-occupied counterparts. The surge in renter households is outpacing the growth of homeowners in the U.S., as there are now a record 45.6 million renters. That was up 2.7% year over year, according to a new Redfin report.

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Construction Housing Market Finance Marketing 418

Appraisal Buzz

NOVEMBER 5, 2024

Experts say the phrase is buzzing around circles these days—“social housing,” ideally, a system in which public and nonprofit entities develop, own, and manage housing for low-income Americans. Inspired by examples in Europe, proponents of the concept envision a network of energetic, entrepreneurial, mission-driven agencies running the system. Historian Alexander von Hoffman , in papers penned for Harvard’s Joint Center for Housing Studies , endeavors to determine whether the public housing prog

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Development Finance Contracts Agents 396

Inman

NOVEMBER 7, 2024

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year.

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Mortgage Realtors Marketing 167

Real Estate News

NOVEMBER 8, 2024

An aging seller pool reflects a trend also seen among buyers — but sellers have retained the upper hand, rarely reducing prices or offering incentives.

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Sellers Buyers 248

Housing Wire

NOVEMBER 8, 2024

Realtors are not the only ones gathering in Boston this week for the National Association of Realtors ‘ NXT conference. On Thursday, MLS leaders took center stage at several conference sessions, including discussions of the business practice changes driven by the NAR commission lawsuit settlement and how the role of the MLS — and the MLS-broker relationship — has evolved as a result.

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Real Estate Agents Business Realtors 418

Appraisal Buzz

NOVEMBER 8, 2024

Navy Federal Credit Union , in partnership with Sperling’s BestPlaces , released the “2024 Best Cities After Service” list—a report designed to help military servicemembers, veterans, and their families make a smooth transition to civilian life by evaluating the pros and cons of U.S. cities where they may consider settling down. From coastal and midwestern locations, to warm and cold climates and big cities and small towns, the Best Cities After Service report has options for everyone.

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Business Design Tools Housing Market 362

Inman

NOVEMBER 7, 2024

Revenue, closed transaction volume and net income fell in Q3, earnings data on Thursday shows. But a strong luxury push and October uptick in buyer activity have set the stage for a robust Q4.

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Real Estate News

NOVEMBER 8, 2024

BBB National Programs ruled in favor of Realtor.com, saying it “provided a reasonable basis” for its claim of being “#1 Site Real Estate Professionals Trust.

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Real Estate 221

Housing Wire

NOVEMBER 8, 2024

The newly-updated Fannie Mae Selling Guide for November has aimed to modernize special property eligibility and underwriting considerations for leasehold estates, and it has revised the government-sponsored enterprise (GSE)’s project review requirements for properties secured by manufactured homes. The Selling Guide has also updated requirements “related to the market area analysis of the appraisal report and add[ed] standardized definitions relevant to appraisal market areas to the glossa

Sellers 397

Sellers Government Modernization Appraisal 397

Appraisal Buzz

NOVEMBER 5, 2024

U.S. home prices increased 0.2% in September compared with October and were up 3.4% compared with September 2023, according to CoreLogic. It was the slowest growth rate for home prices nationally in over a year, CoreLogic says in its latest home price index report. Currently, the firm is predicting that home price growth will slow to 2.3% by the same time next year.

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Housing Market Mortgage Buyers Appraisal 387

Inman

NOVEMBER 7, 2024

Weichert has reached a settlement in a case known as Hooper, according to new court documents. EXp's settlement in that case sparked pushback from plaintiffs in a different lawsuit.

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Realty Brokerage 167

Real Estate News

NOVEMBER 6, 2024

Home listings on the Flyhomes search portal now show the breakdown of recent presidential and congressional voting trends in any given community.

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Housing Wire

NOVEMBER 5, 2024

loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to help the company reduce its non-volume expenses by more than $730 million.

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Loan Officers Retail Investing Brokerage 397

Appraisal Buzz

NOVEMBER 7, 2024

The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index (HPSI) increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago. In October, the share of consumers who think it’s a good time to buy a home increased to 20%, while the share who think it’s a good time to sell a home declined to 64%.

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Housing Market Marketing Mortgage Finance 370

Inman

NOVEMBER 2, 2024

As the Nov. 26 hearing for final approval of the National Association of Realtors commission lawsuit settlement approaches, voices from all sides are questioning its wisdom.

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