Housing Wire
OCTOBER 26, 2024
Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. We’ve seen some growth in new listings this year compared to 2023 levels, which is good for housing.
Appraisal Buzz
OCTOBER 31, 2024
An estimated 1.4 million (1,355,909) residential homes in the U.S. remain unoccupied, according to ATTOM ‘s fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. That percentage, or one in 77 households nationwide, is about the same as it was in the third quarter and only somewhat higher than it was a year ago. In Q4 of this year, 215,601 residential properties in the U.S. were in foreclosure, according to the data.
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Sacramento Appraisal Blog
OCTOBER 31, 2024
Prices have been pretty flat. That’s a really good way to describe the housing market lately in many areas across the country. Let’s talk about that today as well as dig into insurance. I have some encouragement to share too about mindset. UPCOMING SPEAKING GIGS: 11/7/2024 Think Like an Appraiser (3 hours) TBA 11/19/24 Downtown […] The post Flat prices & the insurance mess first appeared on Sacramento Appraisal Blog.
Inman
OCTOBER 31, 2024
Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday.
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Housing Wire
OCTOBER 28, 2024
After previously taking issue with some of the forms generated as a result of the terms of the National Association of Realtors ’ (NAR) nationwide commission lawsuit settlement agreement , University of Buffalo law professor Tanya Monestier is now objecting to NAR’s settlement. In a document filed on Monday in U.S. District Court in Kansas City — less than a month before the NAR settlement is slated for its final approval hearing — Monestier took issue with the business practice changes, sayi
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
OCTOBER 29, 2024
A law professor filed a lengthy objection calling it “the worst of all possible worlds,” raising concerns about “chaos and frustration” as well as legal fees.
Inman
OCTOBER 30, 2024
A recent initiative by professional sports organizations is seeking to do what Realtors have been doing for more than a year: Pledging to do more to create inclusive communities.
Housing Wire
OCTOBER 31, 2024
Over the last decade, real estate transactions have increasingly become a prime target for cybercrime. Far from slowing down, the scams are becoming more prevalent, sophisticated, and difficult to recognize as fraudulent. With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes.
Appraisal Buzz
OCTOBER 30, 2024
It’s been a year of cautious growth for luxury real estate, so it’s the perfect time for PropertyShark to come up with a list of the 100 most expensive zip codes in America. And the winner is … Atherton, California (again). Located just north of Menlo Park in northern California, Atherton takes the crown for the most expensive zip code in the nation for the eighth consecutive year, with a 2024 median sale price of $7,900,000.
Speaker: Dylan Secrest
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Appraiserblogs
OCTOBER 29, 2024
The Federal Housing Finance Agency’s (FHFA) recent push to expand the use of appraisal waivers represents a concerning and potentially disastrous gambit that threatens to undermine the integrity of the housing market and the broader economy as a whole. The recent announcement from the FHFA Deputy Director Naa Awaa Tagoe regarding the expansion of appraisal waiver eligibility for purchase loans is a significant development that has sparked significant debate and controversy within the mortgage i
Inman
OCTOBER 29, 2024
The property has been acquired by Arizona real estate developer Anita Verma-Lallian, who completed the purchase through a trust. The transaction was facilitated by Brooke Elliott Laurinkus from Christie's International Real Estate Southern California.
Housing Wire
OCTOBER 29, 2024
In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. This interview has been lightly edited for length and clarity.
Appraisal Buzz
NOVEMBER 1, 2024
A recent WalletHub report sheds light on mortgage delinquency rates across 100 U.S. cities, with rates spanning from around 3% to a staggering 23%. Based on data collected between Q1 and Q2 of 2024, WalletHub’s study ranks cities according to the proportion of mortgage holders behind on payments, a critical metric in assessing financial strain within communities.
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Real Estate News
OCTOBER 28, 2024
Scott Durkin, who led Douglas Elliman Realty, was terminated just days after the CEO of its parent company stepped down.
Inman
OCTOBER 28, 2024
At eXp Realty’s first-ever eXpcon Hackathon, held in Miami Beach, Florida, on Oct. 26, industry innovators competed to showcase projects aimed at creating cutting-edge real estate solutions using OpenAI technology, and the brokerage has officially announced the winners.
Housing Wire
OCTOBER 29, 2024
Is home-price growth finally cooling? That’s a question raised by the S&P CoreLogic Case-Shiller Index for August, which showed deceleration on a year-over-year basis and a slight dip relative to July. On a non-seasonally adjusted basis, the national home price index posted a 4.2% gain year over year, less than the 4.8% gain from July. The monthly index fell by 0.1%.
Appraisal Buzz
OCTOBER 29, 2024
A number of enhanced initiatives have been announced by Freddie Mac to increase housing affordability, particularly for first-time homebuyers and borrowers. The company continues to work with the industry to improve efficiency, reduce costs, and offer more opportunities to get qualified borrowers into homes they can afford with improvements to its automated underwriting system, appraisal waiver expansions, and advancements in the down payment assistance space.
Real Estate News
OCTOBER 31, 2024
September’s low rates gave pending sales a boost, but as mortgage rates climb for a fifth straight week, enthusiasm is expected to wane.
Inman
NOVEMBER 1, 2024
Blanket is property management software that centers on portfolio growth rather than reactive, day-to-day oversight of rental properties. It can do the latter, but the former makes it a unique entry to the market worth consideration for anyone who wants become a full-time landlord.
Housing Wire
OCTOBER 30, 2024
Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100 equates to sales activity in 2001.
Appraisal Buzz
OCTOBER 31, 2024
Homebuyer affordability improved slightly in September, as the national median payment applied for by purchase applicants fell to $2,041, down from $2,057 in August, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
Real Estate News
OCTOBER 28, 2024
The latest numbers suggest that, for the third consecutive fall season, rates will crest that dreaded threshold.
Appraiserblogs
OCTOBER 28, 2024
She included several different fee split examples indicating AMCs retained as much as 70 percent of the total appraisal fee paid by the borrower, which prompted her to stop working with AMCs because of the lack of transparency. The appraisal industry is abuzz with a discussion about appraisal fees. The Consumer Financial Protection Bureau (CFPB) recently issued a Request for Information Regarding Fees Imposed in Residential Mortgage Transactions [Docket No.
Housing Wire
NOVEMBER 1, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to start a career in real estate, already have one or are involved in real estate transactions, you may find yourself wondering about industry terminology and job titles. The industry acronyms alone look like alphabet soup.
Appraisal Buzz
OCTOBER 31, 2024
Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. The average buyer’s agent commission for homes sold in October was 2.34%, ticking down just one basis point from 2.35% for homes sold in August, when the new changes took effect.
Real Estate News
OCTOBER 31, 2024
The major independent firm announced a pair of deals this week that support its strategy of steady growth across the eastern U.S.
Eyes on Housing
NOVEMBER 1, 2024
Private residential construction spending inched up 0.2% in September, according to the Census Construction Spending data. The September report shows a 4.1% rise compared to a year ago. The monthly increase in total private construction spending for September was largely due to more spending on single-family construction. Spending on single-family construction rose by 0.4%.
Housing Wire
OCTOBER 30, 2024
A 60 basis point increase in mortgage rates in October has strangled mortgage demand, particularly for refinancings , according to the latest survey data from the Mortgage Bankers Association. Mortgage applications overall decreased 0.1% from one week earlier, per the MBA ‘s weekly applications survey for the week ending Oct. 25. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.1% on a seasonally adjusted basis from one week earlier, but fell 1% on an
Appraisal Buzz
OCTOBER 30, 2024
A new TransUnion survey has found that many consumers feel their existing mortgage and auto payments are putting a strain on their household finances, as the prospect of falling interest rates has them ready to consider refinancing those loans. TransUnion’s survey found that four in five recent home buyers say their mortgage payments are straining their finances, and are looking to refinance their mortgage payments in the next 12 months.
Real Estate News
OCTOBER 26, 2024
There's more than $110 million at stake in a nine-brokerage commissions settlement hearing next week, while eXp has come under fire for its recent deal.
Appraisal Today
NOVEMBER 1, 2024
Newz: FHFA Waiver Expansion, AMC Appraisal Fees, Appraising Kitchens November 1, 2024 What’s in This Newsletter (In Order, Scroll Down) Construction Progress Inspection Reports: Claims Involving ADUs and Remodels Appraising Kitchens: Understanding Trends, Functionality, and Market Expectations Lake Tahoe Ranch Hits the Market for $188 Million, Making It One of the Priciest Listings in the U.S.
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