Housing Wire
DECEMBER 17, 2024
The American dream is synonymous with two ideas. One is the idea that anyone in this country can find a path to economic success regardless of their circumstances at birth. The second idea is the symbolic encapsulation of the first idea: homeownership. Owning a home is the signifier of economic success, but over the last few years, that milestone has gotten farther out of reach for first-time homebuyers.
Appraisal Buzz
DECEMBER 18, 2024
The U.S. Senate has announced the passage of the bipartisan Homebuyers Privacy Protection Act (S. 3502) , a measure that will ban trigger leads except in limited circumstances. When a consumer applies for a mortgage, credit bureaus are notified that the consumer is interested in financing, which is referred to as a trigger lead. That information is then sold by the credit bureaus to data brokers (including other lenders) without the consumers knowledge or approval.
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Real Estate News
DECEMBER 14, 2024
Cities and states across the U.S. are making it easier to build ADUs. Leaders hope those reforms will lead to more supply and improve affordability.
Inman
DECEMBER 18, 2024
Requests for purchase loans picked up last week during a short-lived drop in rates, MBA survey shows, helped by "gradually improving inventory conditions and a more positive outlook on the economy and job market.
Housing Wire
DECEMBER 18, 2024
They say housing leads the economy in and out of a recession. Currently, housing starts are back at the levels seen during the COVID-19 recession in 2020. Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. Several factors have been keeping labor steady, such as working through a backlog of orders and long turnaround times to complete projects.
Appraisal Buzz
DECEMBER 16, 2024
According to a new study from Redfin , older Americans are more likely than younger Americans to buy homes in places with significant climate risk. More than one-third (36.9%) of home purchases made by people 65 years of age and older last year were in counties with an elevated risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under the age of 35.
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Inman
DECEMBER 18, 2024
In an era of increased industry consolidation, independence still matters, Steve Baird, president and CEO of Baird & Warner Real Estate, writes.
Housing Wire
DECEMBER 20, 2024
A new bill introduced in the U.S. House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Introduced by Reps. Gregory W. Meeks (D-N.Y.) and Pete Sessions (R-Texas) on Thursday, the bipartisan bill allows borrowers to stop paying mortgage insurance once their loan-to-value (LTV) ratio reaches 78%, rather than paying it f
Appraisal Buzz
DECEMBER 20, 2024
The post Coal for Christmas appeared first on Appraisal Buzz.
Real Estate News
DECEMBER 17, 2024
One measure in the monthly index stood out, however, as builders responded with more optimism about where the market is headed in 2025.
Sacramento Appraisal Blog
DECEMBER 16, 2024
What’s January going to be like in 2025? What can we expect ahead for the housing market? Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets. This is my last blog post of 2024. Thanks for being […] The post Three things to expect in the housing market in January first appeared on Sacramento Appraisal Blog.
Housing Wire
DECEMBER 17, 2024
Mortgage applications for new-home purchases increased 7.2% year over year in November, according to data from the Mortgage Bankers Association ‘s (MBA) builder application survey that was released Tuesday. Applications decreased by 12% from October 2024. Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes , given affordability challenges and constrained existing inventory , Joel Kan , the MBAs vic
Appraisal Buzz
DECEMBER 18, 2024
Manchester, NH, Zillow s most favored city for 2024, was a hit with an influx of homebuyers this year. For the second consecutive year, Zillows ranking of the most popular markets was dominated by Northeastern cities. While only one West Coast market, which led the way in 2021, made it into the top 10, the Midwest also performed well. Most of the most popular cities this year were exurbs, which are quaint little settlements outside of the suburbs but yet accessible by car from a large city.
Real Estate News
DECEMBER 18, 2024
Outdated rules have allowed solicitors to bombard borrowers with unwanted calls or texts. While lenders arent to blame, consumers may hold them responsible.
Inman
DECEMBER 20, 2024
Forget gadgets and swag. According to team leader Carl Medford, what Realtors really want right now are well-behaved children at open houses, punctual contractors and, well, an end to 2024.
Housing Wire
DECEMBER 18, 2024
CreditXpert , a leading mortgage technology company, announced on Wednesday the launch date for its new credit optimization platform. The company will replace its What-if Simulator and Wayfinder tools with the new platform on Dec. 31. CreditXpert seeks to take a different approach when addressing homebuyer credit profiles. Instead of focusing on credit repair, the company takes it a step further with credit optimization, which benefits more applicants on a shorter timeline with improved predicta
Appraisal Buzz
DECEMBER 17, 2024
The average U.S. household spends $25,512 annually on essential household billsan annual bill spend of roughly $2,126 per month, over one-third (34%) of the U.S. household median income ($74,755). This news, from a report by doxo , shows that many states rank well above or below the national average. Its no surprise that the most expensive states to live in are Hawaii, California, Massachusetts, and New Jersey, nor that West Virginia, Mississippi, Arkansas, and Kentucky lead the list of most aff
Real Estate News
DECEMBER 18, 2024
The Real Estate Board of New York told a federal court that rules limiting how agents are paid will make it harder for renters to find apartments.
Inman
DECEMBER 18, 2024
EXp Realty is closing the year with another recruiting win. Denver-based broker Kris Caldwell and his $200 million mega team, The Apollo Group, announced their move to the cloud-based brokerage on Tuesday after six years with Compass.
Housing Wire
DECEMBER 17, 2024
Rent prices have fluctuated alongside home prices in this year’s housing market. More inventory can bring down prices, but some renters still struggle to meet the rental price hikes found in new construction. Seattle-based brokerage Redfin released a report this week that highlighted a 1.5% increase in asking rents for newly constructed apartments in 2024 the biggest spike in 18 months.
Appraisal Buzz
DECEMBER 17, 2024
The most recent Commercial Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial mortgage delinquencies rose in the third quarter of 2024. The share of the balance of delinquent commercial mortgages increased for every major capital source during the third quarter of 2024, said Jamie Woodwell, MBAs Head of Commercial Real Estate Research.
Real Estate News
DECEMBER 16, 2024
Hanna Holdings, eXp and Weichert are among the brokerages yet to resolve litigation in the buyer agent commissions lawsuit.
Inman
DECEMBER 18, 2024
Which two top stories of 2024 will advance to the finals? Inman readers cast their votes today to weigh in on the most consequential stories of the year.
Housing Wire
DECEMBER 18, 2024
The fallout from Fed day got out of hand very quickly. The market reacted badly to the FOMC statement and remarks by Federal Reserve Chairman Powell during the Q&A presser, sending the 10-year yield and mortgage rates higher. Also, the Dow was down over 1,000 points today. So what gives? Market players were already talking about how the Fed would dial back rate cuts in 2025, but Powell didnt sound sure of himself in that press event and left an opening to create tighter financial conditions.
Appraisal Buzz
DECEMBER 20, 2024
Drawing on insights from 115 community land trusts (CLTs), Preserving Affordable Homeownership: Municipal Partnerships with Community Land Trusts , a new 2024 Policy Focus Report released by The Lincoln Institute of Land Policy , explores how CLTs are partnering with public officials to help address the housing affordability crisis. In this model, individuals buy homes on land leased from a local CLT and agree to limit the resale price.
Real Estate News
DECEMBER 18, 2024
Look for just two cuts next year half the number previously forecast as the Federal Reserve predicts inflation will remain high.
Inman
DECEMBER 20, 2024
Despite an array of significant stories throughout 2024, none could surpass the industry-shaking news of NAR agreeing to settlement terms in the wake of antitrust commission lawsuits that would forever reshape how agents and brokers do business.
Housing Wire
DECEMBER 17, 2024
In this week’s episode of the RealTrending podcast , host Tracey Velt is joined by Tim Weisheyer, Florida Realtors ‘ 2025 president. The duo explore the concept of servant leadership for business success, relying on learning for long-term success, balancing technology usage with relationship building and the trade group’s top priorities for 2025.
Appraisal Buzz
DECEMBER 16, 2024
Of the property managers aware of the practice, almost half (48%) report rent payments to credit agencies, says a new report from TransUnions Tenant and Employment group a 33% jump from last year, and last year was a 36% jump from the year before. That means more than half (52%) of property managers who report rent payments began doing so in the past two years.
Real Estate News
DECEMBER 20, 2024
But there is still competition for homes, especially at lower price points, where first-time buyers cross paths with buyers on the investment side.
Inman
DECEMBER 17, 2024
Ahead of his appearance at Inman Connect New York in January, eXp Realty CEO Leo Pareja told Inman that change is inevitable and that his "North Star" is improving the experience of his agents.
Housing Wire
DECEMBER 20, 2024
The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? This is especially evident in the mortgage industry, where leadership is a term often thrown around but rarely understood in its full capacity.
Appraisal Buzz
DECEMBER 19, 2024
The National Association of Realtors reports that existing-home sales increased in November. Three major U.S. regions saw growth in sales, but the West saw no change. All four regions saw an increase in sales year over year. The seasonally adjusted annual rate of existing-home sales, which includes completed transactions of single-family homes, townhomes, condominiums, and cooperatives, increased 4.8% from October to 4.15 million in November.
Real Estate News
DECEMBER 20, 2024
Two recent surveys of agent sentiment conveyed a general sense of optimism heading into the new year, though mortgage rate expectations may not match reality.
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