Housing Wire

APRIL 16, 2024

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As

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Housing Wire

FEBRUARY 27, 2024

Home prices maintained their momentum in late 2023. National Home Price Index posted a 5.5% home prices faced significant headwinds in the fourth quarter of 2023,” Brian Luke, head of commodities, real and digital assets at S&P Dow Jones Indice s, said in a statement. The S&P CoreLogic Case-Shiller U.S.

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Housing Wire

FEBRUARY 29, 2024

January pending home sales leveled off after December’s surge but remained steady. Pending home sales dropped 4.9% Pending home sales dropped 4.9% NAR’s Pending Home Sales Index (PHSI) decreased to 74.3 This combination of economic conditions is favorable for home buying. in January, down from 77.3 in December.

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Housing Wire

MARCH 7, 2024

Buoyed by a rise in home prices , U.S. homeowners with mortgages saw their home equity increase by 8.6% Rising home prices continue to fuel growing home equity, which, at $298,000 per average borrower, remained near historic highs at the end of 2023,” Selma Hepp, chief economist at CoreLogic, said in a statement. “By

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Equity Mortgages Loans As-is 449

Housing Wire

JANUARY 26, 2024

Pending home sales rose 8.3% It was the largest monthly jump in pending home sales since 2020. NAR’s Pending Home Sales Index (PHSI) increased to 77.3 New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. in December, up from 71.6 in November. million and a 15.8%

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Housing Wire

JANUARY 9, 2024

Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%. homeowners with outstanding mortgages — some 63% of all homes — home equity tied up in properties jumped by 6.8%

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Housing Wire

APRIL 18, 2024

Furthermore, the median price for all types of existing homes rose to $393,500 in March, an increase of 4.8% Meanwhile, others have grown accustomed to elevated rates and have accordingly factored the inflated rates into their home purchase budget. Despite the challenging housing market, demand isn’t fading.

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Mortgages Loans Agents Marketing 314

Housing Wire

APRIL 17, 2024

home prices grew by 0.9% Even though the supply of homes for sale will remain tight, sagging demand should further slow price appreciation in a ‘higher-for-longer’ mortgage rate environment.” The starter tier includes home sale prices in the bottom one-third of the market price distribution.

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Housing Wire

MARCH 5, 2024

home price gains reached their highest rate in a year in January, according to CoreLogic ’s Home Price Index (HPI). annual home price growth rose by 5.8% On a monthly basis, home prices increased by 0.1%. But metro areas that have struggled with the impact of higher rates continue to see downward movement on home prices.

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Housing Wire

FEBRUARY 22, 2024

Existing-home sales picked up in January as buyers took advantage of the lowest mortgage rates seen in several months. Existing-home sales rose 3.1% While home sales remain sizably lower than a couple of years ago, January’s monthly gain is the start of more supply and demand,” NAR chief economist Lawrence Yun said in a statement.

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Sales MLS Mortgages As-is 417

Housing Wire

DECEMBER 26, 2023

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. The data released on Tuesday shows that home prices in all nine U.S. home prices “accelerated at their fastest annual rate of the year in October,” Brian D.

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Mortgages Marketing Sales As-is 485

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

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Housing Wire

FEBRUARY 7, 2024

home prices posted their highest yearly rate of appreciation since January 2023, reaching 5.5% year over year in December, according to CoreLogic ’s Home Price Index. Home prices declined by 0.1% The data provider forecasts that home prices will decline by 0.2% compared to November 2023.

Mortgages 464

Mortgages Marketing As-is Sales 464

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs.

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Equity Loans Bankruptcy New Construction 425

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. Buying a home is an unattainable dream for more than half of U.S.

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Housing Wire

JANUARY 19, 2024

Existing home sales dropped to their lowest level in nearly 30 years in 2023, according to a report from the National Association of Realtors (NAR), released Friday. million existing homes were sold, the fewest since 1995. If there had been more listings on the market in 2023, we would have had more home sales.” In 2023, 4.09

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Fixed-rate mortgage Sales MLS Mortgages 432

Housing Wire

JANUARY 30, 2024

Home prices maintained considerable momentum in late 2023. National Home Price Index posted a 5.1% Detroit held its position as the best-performing market for the third month in a row Markets in the Northeast and the Midwest posted some of the fastest-growing home prices while some Western markets are picking up.

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Mortgages MLS Marketing Sales 414

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. Stepping into Planet Home Lending marks a pivotal chapter in my career,” Kingsborough said in a statement.

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Housing Wire

MARCH 15, 2024

Homeowners 62 and older saw their collective home equity levels drop in the fourth quarter of 2023 by roughly $119 billion to $12.84 This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity from the National Reverse Mortgage Lenders Association (NRMLA) and data analytics firm RiskSpan.

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Equity Finance Mortgages Industrial 410

Housing Wire

FEBRUARY 23, 2024

We got a great existing home sales report on Thursday, but is this data already too old? Existing home sales showed a jump in sales, which was anticipated by most as we had positive, forward-looking housing data due to mortgage rates falling from 8.03% to 6.63%. From NAR : Total existing-home elevated 3.1% million in January.

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Sales Days on market Mortgages Investor 449

Housing Wire

JANUARY 6, 2024

Will the number of homes that take a price cut this year drop below 2023 levels? If the current trends continue into the strong seasonal pricing period, we will see fewer homes that are discounted before selling. However, as home sales stabilized in 2023, so did this data line.

Mortgages 542

Mortgages As-is Branding Marketing 542

Housing Wire

FEBRUARY 21, 2024

The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. We are thrilled to provide NAR members and their clients with access to our reliable pre-listing home improvements with pay-at-closing terms.”

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Inspection Investor Closing Agents 393

Housing Wire

SEPTEMBER 28, 2023

Mirroring the trend for new home sales , pending home sales fell 7.1% Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July. Year over year, pending home sales were down 18.7%, an even greater decrease than the 14% annual drop recorded in July.

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Sales MLS Mortgages Closing 444

Housing Wire

DECEMBER 9, 2023

The most underreported housing story I’ve seen this year is that even with mortgage rates rising to 8%, the number of homes that took price cuts before they sold was 4% below 2022 levels. This happened even with higher home prices and higher mortgage rates in 2023.

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Mortgages Sales As-is Closing 528

Housing Wire

APRIL 24, 2024

Seniors could choose to employ home equity through a reverse mortgage or other equity-tapping product to manage a series of expenses in retirement , but when it comes to managing their tax burden , it can get more complicated. One option is using home equity to fund a Roth IRA conversion, shielding wealth from higher rates in the future.”

Equity 339

Equity Loans Finance Mortgages 339

Housing Wire

MARCH 14, 2024

The dream of homeownership is becoming increasingly elusive for many Americans as both home prices and insurance premiums are on the rise. Over the past decade, home prices have nearly doubled, according to the S&P CoreLogic Case-Shiller national index. Homeowners insurance premiums are climbing too. In Texas, rates shot up by 23.3%

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Housing Wire

JANUARY 31, 2024

Mortgage company Evergreen Home Loans is continuing its expansion across the country with the opening of new branches in Montana, the company announced on Wednesday. “We We are thrilled to welcome the Montana team to our Evergreen family,” Robert Lipston, the company’s executive vice president of production, said in a statement.

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Loans Mortgages As-is 368

Keeping Current Matters

APRIL 22, 2024

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down.

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Eye on Housing

APRIL 17, 2024

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

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Keeping Current Matters

MARCH 11, 2024

If you’re trying to buy a home and are having a hard time finding one you can afford, it may be time to consider a fixer-upper.

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Inman

APRIL 19, 2024

With a recent boost to inventory and steady demand for high-end properties, luxury homeowners are ready to cash out on existing homes and use their cash power to buy a new home, fueling price growth.

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Mortgages Marketing 169

Keeping Current Matters

FEBRUARY 20, 2024

Buying your first home is a big, exciting step and a major milestone that has the power to improve your life.

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Real Estate News

MARCH 3, 2024

The winter dip in mortgage rates gave a boost to first-time buyers and home flippers, a new report shows. Whether that continues depends on the Fed.

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Mortgages 282

Real Estate News

FEBRUARY 7, 2024

homes, says it can give agents a competitive edge. RealReports, which provides property information for all U.S.

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Agents 261

Inman

APRIL 23, 2024

Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison.

Marketing 139

Marketing As-is Mortgages 139

Inman

APRIL 24, 2024

Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow.

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Mortgages Sales Marketing 164