Top Headlines
Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities
The campaign’s target audience includes “BIPOC, AANHPI, Hispanic, LGBTQ+, first-time, Veteran, and lower-income buyers.” Continue Reading Realtor.com Targets Buyer’s Agent Campaign at Underserved Communities
NAR Cites June 18 Opt-In Deadline on Settlement Agreement
Brokerages with a residential transaction volume in 2022 that exceeded $2 billion and all MLSs are required to opt in. Continue Reading NAR Cites June 18 Opt-In Deadline on Settlement Agreement
Fed Governor Says Rate Hike Possible if Inflation Stays High
“We may need to increase the policy rate further should progress on inflation stall or even reverse,” said Michelle Bowman. Continue Reading Fed Governor Says Rate Hike Possible if Inflation Stays High
eXp Realty Names Leo Pareja at CEO
He succeeds Glenn Sanford, who will continue as chairman and CEO of eXp World Holdings. Continue Reading eXp Realty Names Leo Pareja at CEO
NY Attorney General Questions Trump’s Bond in Valuation Fraud Case
The judge in the case, Arthur Engoron, tentatively scheduled a hearing for April 22 to discuss the bond. Continue Reading NY Attorney General Questions Trump’s Bond in Valuation Fraud Case
Forbearance rate drops below 1%, lowest level since June 2020
Source: Housing Wire --- Servicers’ forbearance portfolio volume dropped in April to a level below 1%, with fewer than half a million borrowers remaining with an active plan, according to the monthly Loan Monitoring Survey conducted by the Mortgage Bankers...
Opinion: Use data to scale your mortgage servicing business
Source: Housing Wire --- Mortgage servicing is a scale business, meaning the economics of scale can be achieved with larger servicing portfolio by spreading the fixed costs among more loans being serviced. Such scaling; however, hasn’t achieved the expected results as...
Home Builders Warn of Significant Affordability Declines
Source: NAHB --- Housing affordability posted a modest gain for average conditions in the first quarter of 2022 as a strong jump in national median income helped to offset a gradual rise in interest rates. However, home builders warn of current deteriorating...
Are There More Homes Coming to the Market?
Source: Keeping Current Matters --- According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s largely because the inventory of homes...
Demand For Second Homes Is Way Down From Last Year’s Boom
Source: Redfin --- Demand for vacation homes is way down after last year’s pandemic-driven boom. Mortgage-rate locks for second homes were up 9.1% from pre-pandemic levels in April, essentially unchanged from a revised rate of 8.7% in March and down from 15% in...
Best Week For Rates in Almost 2 Years, But There’s a Catch
Source: Mortgage News Daily --- Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why, we first need to examine the relationship between stocks and bonds, which is a bit...
U.S. Commercial Lending to Hit $895 Billion in 2022, Despite Higher Rates
Source: World Property Journal --- According to a recently updated forecast released by the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in...
Fewest homeowners underwater on their mortgages in more than 12 years
Source: Scotsman Guide --- According to CoreLogic’s most recent Homeowner Equity Report, U.S. homeowners with mortgages saw their equity grow by 29.3% year over year in fourth-quarter 2021, an average gain of $55,300 per borrower. Collectively, these homeowners (whose...
Let’s be a HERO and hold it together – or try for our clients!
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] Everyone is stressed out about finding a house then moving!!!! I have a client now that is just stressed out of her mind …… did I say...
Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace
Source: Redfin --- The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to the...
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