NAR’s commission lawsuit settlement receives final approval

The National Association of Realtors (NAR) and the real estate industry at large have something to be thankful for this Thanksgiving. Judge Stephen Bough of the U.S. District Court in Kansas City, Missouri, on Tuesday granted final approval to NAR’s commission lawsuit settlement agreement, as well a
Read MoreHaven partners with Ownwell to streamline property tax monitoring and appeals

Mortgage technology platform Haven is allowing its users to access property tax monitoring and protesting services. The New Jersey-based company has partnered with property tax service provider Ownwell, according to a recent joint announcement.Through this partnership, Haven will offer an escrow mon
Read MoreHow Trump’s plan to ‘seal the border’ impacts housing construction and affordability

A recurring theme of president-elect Donald Trump‘s campaign efforts is ramping up as his incoming administration intends to “seal the border” and deport millions of immigrants in 2025. This move has caused housing industry professionals to wonder how efforts to build more homes will hold up.In 2023
Read MoreCiti invests in mortgage platform Pylon

Mortgage infrastructure provider Pylon received a minority strategic investment from Citi and closed a deal to sell mortgages on its platform through the bank’s mortgage trading desk, the parties announced on Tuesday. Pylon, founded in 2022, has Peter Thiel, the co-founder and former CEO of PayPal,
Read MoreFHA loan limit increases to $524,225 in 2025

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday.The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. 1, according to the publi
Read MoreFHA’s HECM limit rises above $1.2 million in 2025

The limit for federally backed reverse mortgages is increasing for the ninth consecutive year. The Federal Housing Administration (FHA) announced on Tuesday via Mortgagee Letter (ML) 2024-22 a maximum claim amount of $1,209,750 in 2025. That’s up $59,925 from the current limit of $1,149,825 for Home
Read MoreBaby boomers’ renovation needs are expected to accelerate: Property Brothers

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. This is according to housing experts Jonathan and Drew Scott in a conversation wi
Read MoreMortgage rates are back above 7%. Is there relief in sight?
The mortgage rate increases of the past two months continued this week even as the pace of increases showed more signs of slowing. But rates have also crossed the 7% threshold once again, which could represent a mental hurdle for home shoppers.According to data at HousingWire’s Mortgage Rates Center
Read MoreDid new-home sales really just crash?

Did today’s new home sales report really show an epic crash in sales? New home sales reports can be quite volatile from month to month. When I notice a significant increase or decrease compared to estimates, I often suspect that revisions will be made or that a one-time event may have influenced the
Read MoreRE/MAX, Keller Williams, Anywhere denied in efforts to dismiss Batton 1 commission lawsuit

The taste of victory was short lived for RE/MAX, Keller Williams and Anywhere. After successfully getting the Batton 1 homebuyer commission lawsuit stayed in October as a result of the defendants having been granted final approval of their home seller commission lawsuit settlements, the three nation
Read MoreFHFA releases GSEs’ three-year plans to improve housing access in underserved communities

The Federal Housing Finance Agency (FHFA) on Monday unveiled its three-year plan for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas.Key pillars of the plans include bolstering access in rural communities, looking to manufa
Read MoreLogan Mohtashami says a ‘trade war tap dance’ with Trump’s tariffs is unlikely

On this week’s episode of the RealTrending podcast, host Tracey Velt sits down with HousingWire Lead Analyst Logan Mohtashami to discuss his 2025 housing market forecast, interest rates, the potential impacts of Donald Trump’s tariffs and the possibility of a trade war.This interview has been edited
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In a recent episode of “The Loan Officer Podcast,” co-hosts Dustin Owen and John Coleman explore upcoming trends and shifts in the mortgage and housing markets following the 2024 election. Their conversation dives into new trade policies, tariffs, constructions costs, labor and more.These questions
Read More Buying a home is growing even less affordable
With relentlessly high mortgage rates and stubbornly high home prices, the mortgage payment on the median priced home in the U.S. is now back up above the 2023 and 2024 levels for the first time since August. Affordability is getting worse for homebuyers this fall. That does not bode well for home s
Read MoreHow the Trump administration could impact the appraisal industry

Life after the 2008 financial crisis hasn’t been kind to the appraisal industry. Stagnant pay and increasingly shorter turnaround times have prompted tens of thousands to leave the profession, and the presence of appraisal management companies (AMCs) has rankled industry veterans.The tension between
Read MoreGinnie Mae releases final term sheet for HMBS 2.0

Ginnie Mae on Monday released a final term sheet for its new, complementary Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program referred to as “HMBS 2.0.”Ginnie Mae has been developing the final term sheet in consultation with reverse mortgage industry stakeholders and comments s
Read MoreRetirees are stressed about spending their savings, study finds

After spending their entire career in the “accumulation” phase of wealth building, retirees who then have to transition into the “decumulation” phase — spending down their assets with no additional employment income — is a source of stress for nearly half of American retirees. This is according to a
Read MoreWill the Elon Musk-led DOGE be a blunder or blessing for housing? Experts lean positive

Ever since president-elect Donald Trump announced his appointment of onetime Republican presidential candidate Vivek Ramaswamy and Tesla CEO Elon Musk to co-lead a new “Department of Government Efficiency,“ housing agencies have been on edge.The soon-to-be-created department is ironically referred t
Read MoreDOJ comes out against NAR commission lawsuit settlement

There’s nothing quite like an 11th-hour twist. On Sunday evening, less than 48 hours before the National Association of Realtors’ (NAR) commission lawsuit settlement agreement is set to head for final approval, the Department of Justice (DOJ) filed its long-awaited statement of interest in the Sitze
Read MoreZillow predicts more buyers will come out ahead in a bumpy 2025

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