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Zillow’s forecast for the 2025 housing market in a word? Bumpy

November 27, 2024 by bp56691
Zillow’s forecast for the 2025 housing market in a word? Bumpy
Zillow expects home-price growth of 2.6% in 2025, which is largely in line with growth from this year. It also projects 4.3 million existing-home sales, with some buyers reversing the post-pandemic trend of buying for more space by choosing smaller homes.
Categories 2025 Housing Market Forecasts, Existing home sales, Home Price Appreciation, Housing Market, Mortgage Rates, Zillow

Senate leaders sound off on Scott Turner’s HUD nomination

November 27, 2024 by bp56691
Tim Scott and Elizabeth Warren, who are likely to be influential in the Senate Banking Committee in 2025, weighed in on the HUD nominee.
Categories Democratic Party, Donald Trump, Elizabeth Warren, HUD, Mortgage, Politics, Regulatory, Republican Party, Senate, White House

Jump in pending home sales foreshadows positive end to the market in 2024

November 27, 2024 by bp56691
Jump in pending home sales foreshadows positive end to the market in 2024
The 77.4 reading for NAR’s pending sales index is the highest mark since March and the third highest going back to December 2023.
Categories Existing home sales, Housing Market, national association of realtors, New Home Sales, Pending Home Sales

‘The DOJ is coming for NAR’: What’s next after the $418M settlement?

November 27, 2024 by bp56691
‘The DOJ is coming for NAR’: What’s next after the 8M settlement?
Despite the NAR settlement gaining final approval, many in the real estate industry believe this is just the start for more antitrust issues.
Categories Commission Lawsuit, Department of Justice, Legal, national association of realtors, Real Estate, sitzer/burnett

NAR’s commission lawsuit settlement receives final approval

November 26, 2024 by bp56691
Final approval was given to settlements reached by NAR, HomeServices of America, and the 15 MLSs and 13 brokerages that opted in.
Categories Commission Lawsuit, Department of Justice, HomeServices of America, Legal, NAR Lawsuit Settlement, national association of realtors, Real Estate, sitzer/burnett, U.S. Department of Justice

Haven partners with Ownwell to streamline property tax monitoring and appeals

November 26, 2024 by bp56691
Mortgage technology platform Haven will partner with property tax servicer provider Ownwell to help borrowers save on their property taxes.
Categories Mortgage, Mortgage Servicing, Property Tax, Servicing, Technology

How Trump’s plan to ‘seal the border’ impacts housing construction and affordability

November 26, 2024 by bp56691
The Trump administration’s attitude on undocumented immigration could block further progress for increasing new-home supply.
Categories Affordable Housing, Bureau of Labor Statistics, Construction, Donald Trump, Housing Market, NAHB, Redfin, Regulatory, Trump Administration

Citi invests in mortgage platform Pylon

November 26, 2024 by bp56691
Mortgage infrastructure provider Pylon received a minority investment from Citi, and will sell mortgages on its platform through the bank’s mortgage trading desk.
Categories Artificial Intelligence, Citigroup, LendingLife, Mortgage, Origination, Technology

FHA loan limit increases to $524,225 in 2025

November 26, 2024 by bp56691
The FHA limits increased for 2025, but at a slightly lower level than observed one year ago owing to the pace of home price appreciation.
Categories FHA, FHA loan, HUD, Mortgage

RE/MAX, Keller Williams, Anywhere denied in efforts to dismiss Batton 1 commission lawsuit

November 25, 2024 by bp56691
Meanwhile, the Batton 2 plaintiffs are looking amend their complaint by adding more plaintiffs and removing the state claims.
Categories Anywhere, Commission Lawsuit, Keller Williams, Legal, national association of realtors, RE/MAX, Real Estate
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