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As the housingmarket grows more competitive, rental scams are adding financial and emotional strain to renters nationwide. Common tactics include promoting desirable locations (57%), below-market prices (55%), and immediate availability (52%). According to Rentlys Rental Scams and Fraud Report , 93% of U.S.
This change driven by ICE Mortgage Technologys updated standards promises enhanced efficiency, cost savings, and future-proof workflows. GridBase is a proven leader in title and lending technology, offering a seamless, coding-free solution that simplifies migration while enhancing operational workflows. Why should lenders act now?
The oldest baby boomers are poised to turn 80 years old this year, which could bring the market of dedicated senior housing from a place of oversupply to a shortage. A renewed interest in the senior housingmarket could also spur higher prices and waitlists, two things that lower-income older Americans can ill afford.
rental market has become more competitive than ever, driven by a combination of rising demand, limited availability due to a lack of new rental housing supply, and regional economic pressures. A market under pressure: rising rents nationwide Rental prices across the U.S. have continued to surge.
As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Only automation and technology can tackle this new demand effectively, and that’s where Jaro comes into play.
Last year saw the softest home-price growth in more than 10 years, according to an analysis by ICE Mortgage Technology. Despite that and other positives, the LA wildfires are still making an impact on the housingmarket at the local and national levels. home-price growth, according to Walden.
The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housingmarket sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months.
26 in Dallas, provided valuable insights into the forces shaping the mortgage and housingmarkets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.
Prospective homeowners enter the housingmarket with two questions: Where do I begin? Potential homeowners should be able to handle this confusion in a world where technology and digital tools rule customer service. How much home can I afford? Fortunately, home buying doesn’t have to remain confusing for new buyers.
Ongoing supply and affordability challenges in the housingmarket have frustrated many homeowners who have looked to trade up or relocate for various reasons. The market for renovation projects is a lucrative one for homebuilders and contractors. In response, some consumers have turned to renovation projects to meet their needs.
Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology. Providing guidance and support during this process will be crucial for servicers in 2025.
The Federal Reserve ‘s effort to temper inflation has cooled the housingmarket that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housingmarket is the strength in new-home sales. It’s a bifurcated market in that sense. So they are a policy buyer.
HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . Dan Catinella : Lenders should lean into the power of their tech stack as they try to cut costs in the current market situation.
markets that have the “it” factor, as Columbus, Ohio; Knoxville, Tennessee; and Louisville, Kentucky claimed the top three spots in terms of popularity with online searchers over the past year. Coming in second on the list was Knoxville, Tennessee, recognized as a top emerging housingmarket in both Summer and the Fall of 2023.
Im certain weve all seen broadcasts where technology shows the pitch was clearly a ball, yet the umpire calls it a strike. There are even statistical services that rate the accuracy of baseball umpires on calling balls and strikes versus new technology. Would it be unwise to eliminate umpires because technology could do a better job?
Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. And that could spell trouble for the housingmarket in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Very strong, according to the latest jobs report.
HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability. HousingMarket Supply and Demand: An analysis of housing inventory trends and construction pressures affecting pricing and availability.
HousingWire recently spoke with Brian Webster, President of NotaryCam, about how RON can provide a competitive advantage for lenders both in terms of being a digital capstone for customers and a means for attracting and retaining top talent in the current market. . In turn, top LOs are looking for every edge they can to win new business.
As the housingmarket suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”
Read on to learn more about what Doug Duncan – Fannie Mae’s senior vice president and chief economist — and Mark Palim – Fannie Mae’s vice president and deputy chief economist – had to say about the housingmarket, the Fed’s interest rate cut timeline and their views on overcapacity in the industry. I think that was the primary thing.
When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This ensures their bundle retains its credit rating and market value.
Encompass by ICE Mortgage Technology aims to provide a flexible end-to-end solution for lenders in a modern market. “We’re always looking for ways to make the loan process smoother,” an ICE Mortgage Technology representative explained. Today’s housingmarket presents unique challenges.
As she reflects on her role in steering Anywhere through a challenging housingmarket , Simonelli shares insights into financial strategy, technological innovation, and her optimism for the future of real estate. HousingWire: What are you most excited for in the industry in 2025?
The annual survey analyzes generational trends among recent and prospective homebuyers, revealing their sentiment about the current housingmarket and their intentions to purchase, refinance or leverage home equity this year. According to 41% of all respondents, the current market is favorable for home purchases this year.
has experienced two decades of slow but steady housingmarket growth, paired with inventory growth that has suffered through both the Great Recession and the pandemic. In 2023, total inventory hit 144 million housing units, a 16.7% But even with continued building, housing supply still falls short and prices keep rising.
But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. The goal of the survey was to highlight how market trends can reshape the mortgage market in 2025.
Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). in events to garner business. were from the Northeast 16.3%
In honor of the 2025 Tech100 nomination season, HousingWire asked leaders from last year’s Tech100-winning companies including Flueid , Vesta , Gridbase and MyHome, a Williston Financial Group Company to share some examples of how their technology has helped transform a traditional real estate and mortgage process.
There are promising signs that the market could rebound in 2025 if interest rates moderate significantly, bringing new opportunities and growth potential. While the real estate and mortgage industries have experienced challenges thus far, a reduction in interest rates could inject new energy into the market for Q4 and into 2025.
These leaders have demonstrated exceptional expertise in financial strategy, capital management, and operational efficiency, helping their organizations navigate an evolving market landscape and drive sustainable growth. Take a look at the full list of this year’s honorees below.
I sat down with Tim Bowler, president of ICE Mortgage Technology, a business unit of ICE, to talk about the company’s mortgage automation strategy — and what keeps him up at night. SW: ICE Mortgage Technology is known for its focus on automation. Sarah Wheeler: ICE’s acquisition of Black Knight just closed today.
The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. This article delves deep into how blockchain is set to revolutionize appraisals, offering a fresh perspective to technology professionals keen on staying ahead of the curve.
The race is on for brokerages to capture clients in an incredibly difficult housingmarket, and Compass believes a new technology offering will give it an advantage. Within the platform’s dashboard, clients can view documents like offers, appraisals, listing contracts, open houses and more.
The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. The housingmarket’s conditions, characterized by soaring prices and limited availability, have compounded these challenges.
Firms that once commanded the market and struck fear into their competitors are no longer as dominant. However, whether measured by agent count, transaction volume, or market share, their once-commanding leads have diminished. This cycle of ascent and decline is also evident in the residential brokerage industry.
Challenges and harnessing the power of technology The challenges any rental property owner most commonly faces include finding dependable tenants, ensuring regular rent payments, meeting the changing needs of today’s renters and managing their properties effectively and efficiently.
The stagnant housingmarket has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. Real credited its technology offerings and business model for the explosive growth in agents. Instead, its continuing to add agents at an explosive rate.
Additionally, rental and/or mortgage assistance will be made available to 270 veterans, along with home adaptations and critical home repairs — including the implementation of smart-home technology — for 400 veterans. Smart-home technology is becoming an increasingly important component of aging in place.
The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans are typically marketed via door-to-door sales by independent brokers who work with contractors who perform the modernization and enhancement work.
The recent Palisades and Eaton fires in Los Angeles have eradicated thousands of residential properties, leaving both physical and financial damage to Southern Californias housingmarket. Mike Hardy, a Los Angeles-based managing partner for Churchill Mortgage , is concerned about the preexisting housing shortage in LA.
Graduates of the program commonly find job placements with lenders, technology companies, fintech and proptech firms, or title companies. Led by dean of education Jerri Herrera, the 90-day program is divided into three segments. The initial 30 days establish a foundational understanding of mortgage lending concepts.
Although mortgage rates remain high and the overall real estate market is slow, we’re pleased to see revenue growth in the quarter in both the direct and agency channels,” Carolyn Monroe, the president and CEO of Old Republic’s title segment, said during the firm’s Q2 2024 earnings call. “We’re million and a 50.8% million. “
Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said.
Nominations for HousingWire’s Marketing Leaders award are now open through Friday, April 21, 2023. For the past three years, the HW Marketing Leaders award has recognized elite marketing execs in housing who have pushed their businesses to the top via innovative marketing strategies, creative campaigns and purpose-driven programs.
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