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Wade Pfau: how market volatility could renew reverse mortgage discussions

Housing Wire

But when confronted with volatility in the markets, advisors who are more concerned with the risk of loss might start to slowly open themselves up to more conversations. While most of the broader tariffs have since been delayed by at least 90 days , theyre not all lifted and the market reacted tepidly in active trading on Thursday.

Mortgages 384
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How AI is helping property managers meet a challenging market

Housing Wire

Resident experience is now crucial Despite the consistently low supply of affordable housing nationwide, a surge in new rental housing in certain market s is intensifying competition, making it harder to maintain occupancy rates. To make this growth a reality, property managers need to understand the direction of the market and adapt.

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How Pennymac is navigating the double-edged sword of lower rates

Housing Wire

In total, loan acquisitions and originations had an unpaid principal balance (UPB) of $31.7 At the same time, our servicing portfolio — now near $650 billion in unpaid principal balance and nearly 2.6 million in Q2 2024 and $25.2 million in Q3 2023. This was a reflection of more volume rather than higher margins. As of Sept.

Principal 435
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CoreLogic: Single-family rent growth drops to four-year low

Housing Wire

“Single-family annual rent growth slowed in September to the lowest rate in over four years, and monthly rent growth posted a second month of below-seasonal trend growth, making it clear that single-family rent growth is decelerating,” Molly Boesel, CoreLogic principal economist, said in a statement.

Principal 418
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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. Were seeing market headwinds, and not really seeing a lot of release in the rates. We’re expanding our reach, becoming a principal agent in a lot of states, Moriello said.

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Growth in single-family rental prices slows down

Housing Wire

November’s report tracked SFR price growth in 20 major markets nationwide. Wage growth outpaced single-family rent growth for much of the past two years which kept rent growth in positive territory,”said CoreLogic senior principal economist Molly Boesel. ” Detroit ranked No. 1 for SFR price growth, posting 6.1%

Principal 396
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Kuper Sotheby’s expands to Texas coast via merger

Housing Wire

Whats slated for the Coastal Bend especially in Port Aransas in terms of new development, new condos, and new neighborhoods is truly impressive, said J Kuper, principal broker of Kuper Sothebys International Realty. Port Aransas Realty has operated in the region since 1986. There is no better family and company to entrust with our legacy.

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