Housing Wire

JANUARY 6, 2025

While recent housing market reports and trends have shown that older homeowners are unwilling to sell their homes for a variety of reasons, one of them may be the expected requirement to pay capital gains taxes stemming from the post-pandemic explosion of home-price appreciation, according to a report from Business Insider.

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Housing Wire

OCTOBER 15, 2024

About a year ago, I started noticing a parallel between the housing market and the labor market. Unemployment in the country is very low. Everyone has a job. The conventional wisdom for almost three years has been that job market must weaken, unemployment must be rising. But for three years, unemployment has stayed low. No one wants to move.

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Housing Wire

JANUARY 20, 2025

A comprehensive report on homeowners insurance released by the Treasury Department this week outlined the cost of climate challenges on homeowners. It was also released alongside the most comprehensive data on homeowners insurance in history, Treasury added. million policies.

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Housing Wire

NOVEMBER 4, 2024

An overdue shift in homeowner attitudes about selling their homes is a major factor, Redfin reported. Recently, the “lock-in effect” has kept homeowners with historically low-rate mortgages from selling, but this effect is easing. The available inventory of existing homes rose by 22% year over year in Q3 2034. million units.

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Housing Wire

SEPTEMBER 9, 2024

Homeowners insurance costs are higher now than they have typically been , which has the potential to hit those living on a fixed income particularly hard. A lot of my calls start with clients asking about whether or not they should get a reverse mortgage,” she told the outlet. “My My next question is, why are you calling?

Mortgages 447

Mortgages Loans As-is Finance 447

Housing Wire

AUGUST 2, 2024

Artificial intelligence (AI) is poised to dramatically change every aspect of daily life, and it’s starting to bring tools to homeowners as well. Private equity firm Exuma Capital Partners announced that it is the lead investor for a newly launched, AI-powered homeowner management tool called Property.com.

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Housing Wire

MARCH 8, 2024

Consumer attitudes toward home-selling conditions increased markedly in February, with current homeowners, in particular, expressing greater optimism that it’s a ‘good time to sell,’ a development that may foreshadow an upcoming increase in existing home listings.” Fannie Mae ’s Home Purchase Sentiment Index ( HPSI ), which tracks the U.S.

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Housing Wire

DECEMBER 26, 2024

The legal department at eXp Realty and parent company eXp World Holdings is not getting any rest over the holidays. The suit was filed on Friday by Michael Ammann in U.S. District Court in Miami. The plaintiff is representing himself pro se. 4, followed by a detailed affidavit sent on Nov. eXp did not return a request for comment.

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Housing Wire

DECEMBER 13, 2024

Malibu’s Franklin Fire torched over 4,000 acres this week in one of the country’s most expensive housing markets, putting more pressure on homeowners insurance premiums in a state that is already facing an insurance crisis. What will happen to insurance costs in California now?

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Housing Wire

JANUARY 3, 2025

The California Department of Insurance unveiled a new regulation this week that aims to increase homeowners insurance coverage in areas prone to wildfires , a response to the recent pullback in policies by several major insurers. This is a historic moment for California.

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Housing Wire

NOVEMBER 7, 2024

It’s resulting in calls to reimagine the costs of homeowners insurance (Image generated by AI in Midjourney) As the planet warms and extreme weather intensifies, the rising cost of homeowners insurance is stopping real estate deals in their tracks. Climate change is increasing the intensity and severity of natural disasters.

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Housing Wire

JANUARY 8, 2025

Heading into the 2025 housing market, we havent had this many homeowners with mortgage rates over 6% since 2016. Not coincidentally, inventory hit record lows none of those homeowners wanted to sell.This has long-term consequences. The opposite is true too: As mortgages get more expensive , more homeowners want to sell their homes.

Mortgages 488

Mortgages Finance Loans Equity 488

Housing Wire

DECEMBER 30, 2024

In November, Redfin also reported that renter household growth is significantly outpacing that of homeowners, showcasing a shift in market dynamics. Home sales may also ramp up as the lock-in effect loosens its grip on homeowners. The report focuses on homes that were on the market for at least 60 days at end of the month.

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Mortgages Brokerage Sales Marketing 488

Housing Wire

OCTOBER 24, 2024

Now Sandoval, who was featured earlier this year in a Wall Street Journal article , is the one knocking on the doors of homeowners facing foreclosure or other distressed circumstances. She wants to offer those homeowners the resources and care that her mom and stepdad didn’t experience. “I There is nothing like that face to face.

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Housing Wire

JANUARY 15, 2025

Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics and homeowners insurance costs. For real estate professionals and mortgage lenders, these shifts present both challenges and opportunities.

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Housing Wire

JANUARY 19, 2025

Insurers that stay in the market will undoubtedly charge higher premiums, and many rebuilding homeowners may simply not find a company willing to extend a policy to them. This will force homeowners to either pay more monthly or go without insurance. But homeowners do have a few options for relief.

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Housing Wire

JANUARY 8, 2025

While California law does not require homeowners to have fire insurance, most mortgage lenders do. As wildfires tear through Southern California and firefighters battle winds up to 100 mph, tens of thousands of residents have evacuated. The looming impacts on real estate and insurance are also at the forefront of Californians minds.

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Housing Wire

JANUARY 16, 2025

The Federal Communications Commission (FCC) this week warned consumers in all 50 states that fraudsters are posing as mortgage lenders by calling homeowners and asking them to pony up on payments. “The callers persuade the homeowner that they need to pay in a manner different than their usual mortgage payment method.

Mortgages 368

Mortgages Lending As-is Agents 368

Housing Wire

DECEMBER 17, 2024

Because the children of homeowners are more likely to be homeowners themselves, this pattern has profound implications on the economic mobility for younger homebuyers like millennials and Gen-Zers and also for future generations. The wealth gap between homeowner and renter households is widening.

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Marketing Equity As-is Mortgages 397

Housing Wire

NOVEMBER 15, 2024

This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years before the Great Financial Crisis. As homeowners age, their wages have grown and their cash flow has improved. The typical response is to take Uncle Dave to bed for his nap.

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Housing Wire

JUNE 10, 2024

It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated. While homeownership is worth the financial sacrifice, homeowners also need to be aware of the ongoing expenses that go along with owning property. “No

Mortgages 518

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Housing Wire

APRIL 17, 2024

Homeowners may also use second mortgages to access the equity in their homes, [where] only the smaller, second mortgage would be subject to the current market rate, as the original terms of the first mortgage would remain intact.” FHFA Director Sandra Thompson explained that such options are needed in the current mortgage rate environment.

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Housing Wire

SEPTEMBER 19, 2024

Higher rates over time have a big impact on consumers, especially older homeowners. Higher rates in the ecosystem end up costing consumers more money and has a bigger impact on older homeowners who are on fixed income. Company-specific impacts should be notable due to the likely impact on its asset values, she said.

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Housing Wire

JANUARY 13, 2025

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are aiming to remind homeowners and renters impacted by the ongoing wildfires in Los Angeles of various relief options. Once out of harms way, we encourage homeowners in these affected areas to contact their mortgage servicer to learn about relief options.

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Housing Wire

JULY 25, 2024

Home insurance premiums have risen by as much as $865 this year for homeowners who originally purchased their policies in 2021. In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers.

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Housing Wire

OCTOBER 18, 2023

Multigenerational housing gains steam to combat affordability pressures According to a recent survey conducted by OnePoll , 61% of homeowners cited multigenerational housing as their primary motivation for constructing an ADU. Multigenerational living is not a new concept. the typical annual family’s income, according to U.S.

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Housing Wire

SEPTEMBER 20, 2024

The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement. The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement. Under the agreement, in exchange for a cash payment, the homeowner signs over the right to list their home for the next 40 years to MV Realty.

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Housing Wire

DECEMBER 20, 2024

Sessions added that the bill takes a practical approach to deliver meaningful relief to homeowners. By addressing a key inequity in the FHA system, this bill rewards financial responsibility and empowers homeowners across the country. Meeks (D-N.Y.) Mortgage insurance exists as protection from foreclosure on low equity loans.

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FHA loan Mortgages Equity Loans 418

Housing Wire

SEPTEMBER 10, 2024

In a traditional sense, the term “silver tsunami” refers to pent-up housing stock that older homeowners will eventually choose to sell, which would have the effect of flooding the market with new inventory. There’s a wide variety of reasons homeowners made this decision,” the survey results explained.

Mortgages 482

Mortgages As-is Marketing Sales 482

Housing Wire

AUGUST 21, 2024

Rising insurance costs have hammered homeowners in areas exposed to climate change risks, including wildfires. But CoreLogic said that regulatory changes can help to better cover homeowners these areas. CoreLogic recommends that homeowners use mitigation measures to lower the risk of their property being consumed by wildfire.

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Housing Wire

JANUARY 9, 2025

Marguleas said that renters are facing as many issues as homeowners are. Marguleas said that renters are facing as many issues as homeowners are. Michael Nourmand, president of Beverly Hills-based Nourmand & Associates Realtors , said in an interview Wednesday with HousingWire that safety is the top priority.

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Housing Wire

OCTOBER 9, 2024

With the death toll from Helene crossing the grim milestone of 230 this week — and with thousands of impacted homes without flood insurance wiped away — this could lead to a ripple effect that drives homeowners insurance premiums even higher. The move paid off, since a hurricane arrived not long after. That’s no longer the case. “I

Mortgages 459

Mortgages Fixed-rate mortgage Industrial Construction 459

Housing Wire

JUNE 7, 2024

Despite this grim outlook, there is a title insurance product that offers homeowners immediate peace of mind. This crucial distinction means that if a fraudulent deed is discovered, homeowners can simply file a claim with their title insurance company and let them handle the problem. What can a true owner do if this happens to them?

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Housing Wire

SEPTEMBER 17, 2024

The product is a second mortgage with a below-market interest rate that allows a homeowner to tap into their equity without refinancing their existing mortgage. With lower monthly payments, made possible by shared home appreciation, homeowners can confidently pursue their financial goals with peace of mind.”

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Housing Wire

OCTOBER 18, 2024

When older homeowners wish to access a portion of their equity, there are multiple options. A refinance not only saddles the homeowner with a required monthly payment but will also typically result in a higher interest rate for those that refinanced in the last decade. Of course, selling the home is generally not desirable.

Mortgages 448

Mortgages Principal Equity Loans 448

Housing Wire

OCTOBER 22, 2024

Unexpected financial hardships are an unfortunate but not uncommon challenge facing many homeowners. To help overcome these obstacles, Sagent has created its Dara Loss Mitigation platform as a solution that modernizes how homeowners and mortgage servicers address financial hardship.

Mortgages 447

Mortgages Technology Design Investor 447

Housing Wire

SEPTEMBER 11, 2024

According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. The costs to buy a home have dramatically increased in recent years. The other piece of the affordability puzzle is income. Affordability is the cost relative to a buyer’s ability to pay.

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