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New apartment construction hasn’t lowered rents in many areas

December 17, 2024 by bp56691
Redfin reported a 18-month high in asking rent prices for new construction apartments. Can low-income workers keep up in 2025?
Categories Affordability, Housing Market, Realtor.com, Redfin, Rent Prices, Renters

Reverse mortgage book inside MMI Fund continues to evolve

December 17, 2024 by bp56691
The FHA said the estimated economic net worth of the HECM MMI stood at $17.4 million this year, up from $15.4 million last year.
Categories FHA, HECM, HUD, Reverse

Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble

December 17, 2024 by bp56691
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
Categories Chase, Federal Reserve, First American, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Veterans United Home Loans

How has Tampa’s housing market fared since Hurricane Milton?

December 17, 2024 by bp56691
How has Tampa’s housing market fared since Hurricane Milton?
In the days leading up to Hurricane Milton, housing markets in the Tampa area came to a standstill. How have they fared since Milton passed?
Categories Altos Research, Data & Visuals, Florida, Housing Market, Hurricane, Tampa

Fairway reverse division honors longtime pro with lifetime achievement award

December 17, 2024 by bp56691
Fairway reverse division honors longtime pro with lifetime achievement award
“Pistol Pete” Stebbins, 90, was honored with a lifetime achievement award from Fairway’s reverse division in recognition of a 40-year career.
Categories Fairway Independent Mortgage, HECM, Reverse

How to get a California real estate license

December 17, 2024 by bp56691
How to get a California real estate license
We walk prospective California real estate agents through steps required to get licensed, detailing the costs, time commitment, and more.
Categories Real Estate, Real Estate Education, Real Estate Licensing, Vetted by HousingWire

NRMLA’s Steve Irwin on FHA report, HECM changes and more

December 16, 2024 by bp56691
NRMLA’s Steve Irwin on FHA report, HECM changes and more
NRMLA’s president discusses the association’s outlook for the industry and the condition of the FHA’s Mutual Mortgage Insurance Fund.
Categories FHA, HECM, HUD, NRMLA, Reverse

The 10 hottest housing markets for 2025: NAR

December 16, 2024 by bp56691
The National Association of Realtors has identified 10 housing markets that are likely to pop in 2025 with strong job growth and migration.
Categories 2025 Housing Market Forecasts, Boston, Charlotte, Housing Market, national association of realtors, Phoenix

Pacaso’s top markets for luxury vacation homes are in New Jersey and Florida

December 16, 2024 by bp56691
According to co-ownership marketplace Pacaso, New Jersey and Florida have four of the top five markets for luxury vacation homes.
Categories Florida, Home Prices, Housing Market, Luxury Real Estate, Massachusetts, New Jersey

What rising inventory means for the 2025 housing market

December 16, 2024 by bp56691
What rising inventory means for the 2025 housing market
As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago.
Categories Altos Research, Data & Visuals, Home Prices, Home Sales, Housing Inventory, Housing Market
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