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CFPB received fewer reverse mortgage complaints in 2024

Housing Wire

There were a total of 298 consumer complaints submitted to the Consumer Financial Protection Bureau (CFPB) in 2024 that were related to the reverse mortgage industry, according to a database maintained by the bureau. Reverse mortgages once again encompassed only a small share of all consumer complaints levied at the broader mortgage industry.

Mortgages 417
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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short.

Sales 435
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Existing home sales continue to decline in 2023

Housing Wire

Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% On a yearly basis, existing home sales were down 36.9% On a yearly basis, existing home sales were down 36.9% in January.

Sales 370
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Fewer first-time homebuyers are competing these days

Housing Wire

Existing-home sales grew by 2.0% Completed sales transactions for single-family homes, townhomes, condominiums and co-ops, represented a seasonally adjusted annual rate of just under 6 million (5.99 million, so sales grew year-over-year by 1.5%. But first-time homebuyers are still getting squeezed. increase, the report said.

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Don’t expect a drop in home prices in 2023, NAR economist says

Housing Wire

While elevated mortgage rates, sluggish home sales and high inflation have taken a significant toll on the housing industry, it’s unlikely that these issues will cause home prices to drop next year, at least according to National Association of Realtors (NAR) Chief Economist Lawrence Yun.

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Need to sell your house fast? Here are 7 great options

Housing Wire

COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. There are many moving pieces to the economic part of the real estate industry that are unpredictable and uncontrollable. Consider a Short Sale.

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Why a Wave of Foreclosures Is Not on the Way

Keeping Current Matters

million households lost their homes to a foreclosure, short sale, or because they simply gave it back to the bank. As stay-at-home orders were issued early last year, the fear was the pandemic would impact the housing industry in a similar way. After the last housing crash, about 9.3 It’s exactly the opposite today.