Iran conflict lifts mortgage rates, but housing demand stays positive

Last week saw an escalation of the Iran conflict, with missile strikes and rising mortgage rates as a result, but housing demand still held firm and inventory was only down a smidge year over year. We should be mindful that our data was hit by the 4th of July weekend, but even with that, demand was
Read MoreTrump didn’t sign it, but the 21st Century ROAD to Housing Act is now law

After months of deliberation, delays and drama, the 21st Century ROAD to Housing Act has finally crossed the finish line. The legislation, aimed at cutting red tape and making homeownership more attainable, is now the law of the land after President Donald Trump declined to sign or veto the bill be
Read MoreCentury 21 COO says M&A activity fueled by growing tech demands

Century 21 is riding a wave of franchise acquisitions and merger activity — a trend Chief Operating Officer Greg Sexton says is driven by the escalating demands of real estate technology. Sexton, who has spent more than two decades with the company, said the aggressive push into mergers and acquisit
Read MorePlaintiffs oppose Veterans United motion to dismiss amended RESPA class-action suit

Fifteen named plaintiffs allege that Veterans United Home Loans — the nation’s largest lender of Department of Veterans Affairs (VA) mortgages — ran an illegal kickback and steering scheme that funneled borrowers into overpriced loans. The accusations were reiterated Thursday in court filings as the
Read MoreRechat’s Testimonials tool turns client praise into marketing content

Rechat has launched Testimonials, a new feature that enables real estate agents to collect, manage and use client reviews directly within the Rechat platform. The feature is integrated alongside contacts, transactions and marketing tools, allowing testimonials to automatically populate marketing mat
Read MoreAmerican Real Estate Association warns Missouri ballot measures could raise homeownership costs

The American Real Estate Association (ARA) is joining the Missouri Association of Realtors and a coalition of organizations opposing Amendments 4 and 5 on Missouri’s Aug. 4 statewide ballot. Amendment 5 would authorize the state legislature to expand sales taxes to a wide range of goods and services
Read MoreHousing affordability is improving as wages outpace home-price growth

Existing home sales came out yesterday showing slight year-over-year growth, but the headlines were all about home prices at an all-time high. However, most people weren’t focused on the fact that wages have been outpacing home prices for some time now, which is a positive. Yesterday I went on Yahoo
Read MoreNew policy impact may ignite a manufactured housing blue-sky era

With a major policy win at hand, one of America’s most promising housing affordability solutions hidden in plain sight may get the close-up moment its stakeholders have fought for decades to earn. The 21st Century ROAD to Housing Act – on a white-knuckle countdown to midnight before going into law a
Read MoreData centers emerge as real estate’s newest pricing wildcard

This is part 1 of a 3-part HousingWire special series on the impacts of data centers on housing. Data centers are creating a split-screen effect in housing markets: They can boost regional demand and land values, while homes near controversial sites may face buyer resistance over noise, water use, c
Read MoreThe most overlooked source of homes for first-time buyers

One of the most consistent mistakes that buyers’ agents make today is ignoring one of the best sources of affordable housing available to their clients: distressed properties — short sales in particular. After more than 40 years in the real estate business and involvement in over 25,000 distressed p
Read MoreCompass, MRED, Zillow trade post-hearing briefs in Chicagoland MLS lawsuit

Legal battling between Zillow, Compass and Midwest Real Estate Data (MRED) continued Thursday with all parties filing competing post-hearing briefs — Zillow alleging an “unlawful conspiracy” to cut off its access to Chicagoland listing data while defendants Compass and MRED counter that the company’
Read MoreOpinion: Why the dual credit score mandate raises costs for small businesses without clear benefits

Washington says it wants to lower costs and expand access to credit. For millions of entrepreneurs, access to credit depends not only on the health of their businesses but also on their personal credit profiles. That is why regulatory decisions that make borrowing more complex or expensive deserve c
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The multifamily capital stack is evolving. As elevated interest rates and tighter loan proceeds continue to reshape acquisition and refinancing strategies, investors are challenged by a market where senior loan proceeds and liquidity preservation are constrained. One effective solution is proprietar
Read More Duplexes and townhomes do not always make housing cheaper

Not every housing policy labeled “affordable” is actually designed to make housing more affordable. That is the central problem with today’s “missing middle” debate. Across the country, duplexes, triplexes, courtyard apartments, townhomes and small multifamily buildings are being promoted as the sol
Read MoreFlorida county’s impact fees put new Live Local projects at risk

Indianapolis-based apartment developer Milhaus started building an apartment project in Manatee County, Florida, under the state’s Live Local Act after securing its funding earlier this year. It may be one of the few to be built in the county, next to Sarasota, under the law, until lawsuits over a m
Read MoreAt $32, Dream Finders-Beazer risk is now double-jeopardy

[Editor’s note: This is the second of a two-part article in the aftermath of filings this week from Dream Finders Homes and Beazer Homes, as Dream Finders pursues Beazer as an acquisition target. Here’s the link to Part 1]. The surface question in the Dream Finders Homes–Beazer Homes takeover conte
Read MoreA Colorado project is now a proving ground for 3D-printed homes

In Salida, a small town in Central Colorado with about 6,000 residents, a long-vacant property serves as a reminder of the community’s past while offering a glimpse into the future. Cleora, a small railroad town established in 1880 in what is now the Salida area, served as an early settlement in th
Read MoreRate adds 14 loan officers from New American Funding

Chicago-based mortgage lender Rate announced on Thursday that more than a dozen loan officers have joined the company from California-headquartered New American Funding (NAF), bringing “nine figures in production volume with them.” The group includes 14 loan officers: Lori Crabb, Maria Castorena, Co
Read MoreFed names task force members as it examines monetary policy decision-making

The Federal Reserve on Thursday outlined a slate of five new task forces led by prominent academics and business leaders. They will scrutinize how the central bank communicates, manages its balance sheet, interprets data, evaluates productivity and jobs, and responds to inflation. The initiative, de
Read MoreBright MLS speaks on rule updates aimed at flexibility, seller privacy

Bright MLS is set to implement a series of rule updates later this summer designed to give agents more options and sellers greater control over property data. Changes also establish new protections around the use of listing information in artificial intelligence (AI) applications. Other moves includ
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