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Existing-home sales take a sleigh ride to the sky with highest jump since 2021

Housing Wire

The housing industry is getting an early Christmas gift. The National Association of Realtors (NAR) reported that existing-home sales in November rose to a seasonally adjusted annual rate of 4.15 The jump in sales gives the market momentum heading into 2025, which is expected to outperform 2024. million, a 4.8% million, a 2.9%

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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. But despite challenges posed by rates, industry professionals continue to find a way forward. I think that’s true from an industry standpoint.

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The mortgage industry braces for (more) FICO price hikes

Housing Wire

. “They’ve got us by the balls,” said one mortgage pro in an interview between sales meetings at Mortgage Bankers Association (MBA) Annual 2024 in Denver. A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. “What choice do we have but to pay more? .

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Navigating movement in the mortgage industry series: Due diligence in mergers and acquisitions

Housing Wire

There is constant movement in the mortgage industry with the desire for growth and expansion. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target. Thus, it has never been more important to focus on due diligence in analyzing a mortgage industry acquisition target.

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Kamini Lane wants to change the narrative for the real estate industry

Housing Wire

Roughly two years after Kamini Lane took the helm at Coldwell Banker Realty , the real estate industry has gone through quite a bit of change and faced its fair share of challenges. Brooklee Han: There is a lot going on right now that is impacting the real estate industry. This conversation has been edited for length and clarity.

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Pending home sales rise again as buyers capitalize on more inventory

Housing Wire

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

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Ginger Bell and Fobby Naghmi on leadership deficits in the mortgage industry

Housing Wire

The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry. In our industry, we have so many different verticals. As an industry, we must come together and grow as leaders.