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New home sales show why residential construction is in a recession

Housing Wire

In today’s report, new home sales fell short of sales estimates and experienced negative sales revisions, while inventory levels increased, which explains why residential construction is in a recession. However, today’s data doesn’t indicate a crash in new home sales. percent (±13.3 percent (±16.2

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Renters now outnumber owners in key U.S. cities. Is the real estate industry paying attention?

Housing Wire

the scales have tipped, and most of the real estate industry hasn’t noticed. And yet, many multiple listing services, brokerages, and platforms are still structured around the single-family home sale, the same model used for decades. The mismatch between demand and for-sale-level support for rentals has created a vacuum.

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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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Century 21 CEO talks industry consolidation, filling market gaps

Housing Wire

As the real estate industry faces unprecedented transformation, Century 21 Real Estate has stayed active through aggressive franchise growth, market consolidation and engagement with evolving homebuyer demographics. What’s driving this level of expansion and how does it fit into where the industry is heading?

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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. Regulatory compliance The mortgage industry is heavily regulated and subject to scrutiny by both State and Federal agencies.

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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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Tidalwave announces new hires to lead mortgage technology sales

Housing Wire

Tidalwave , a mortgage technology startup that’s integrated with Fannie Mae and Freddie Mac , announced Monday that it has hired a pair of industry veterans to bolster its sales team. John Stephenson has joined Tidalwave as its head of national sales, while Frank Pastirchak is the company’s new account executive.