Hispanic homeowners narrow home value gap to smallest margin on record

How have two hurricanes impacted housing inventory?
Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data?Weekly housing inventory dataFour weeks ago was the best week
Read MoreHome sales are tepid, but mortgage fraud is becoming more common

CoreLogic’s risk index rose 8.3% in the past year, driven by more cases of identity and transaction fraudNew data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk
Read MoreUtah-based Realtor association no longer enforcing NAR’s Clear Cooperation

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion.In an email sent to members on Oct. 3, Utah-based Park City Board of Realtors (PCBR) announc
Read MoreCitadel agrees to pay $6.5M to settle DOJ’s redlining claims

The U.S. Department of Justice (DOJ) announced on Thursday a $6.5 million agreement with Citadel Federal Credit Union to settle allegations of lending discrimination in certain neighborhoods of Philadelphia with majority Black and Hispanic populations.This is the DOJ’s first redlining settlement inv
Read MoreHere’s what Kamala Harris has said about in-home care for older Americans

Democratic presidential nominee and incumbent Vice President Kamala Harris recently made a media blitz in an effort to appeal to voters ahead of next month’s presidential election, where she’ll face off against Republican nominee and former President Donald Trump.While Harris and Trump have unique e
Read More9 best places to buy real estate leads in 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.Let’s face it — a healthy pipeline of leads is the lifeblood of any successful real estate business. Buying real estate leads is one of the fastest, most cos
Read MoreMayor who recommended reverse mortgages calls comments ‘regrettable’

As those on a fixed income continue to wrestle with rising property taxes, the mayor of South Portland, Maine, recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments.
Read MoreFed rate cut brings more mortgage biz to JPMorgan, Wells Fargo. But is it sustainable?

Mortgage business has increased recently for Wells Fargo head Charlie Scharf, left, and JPMorgan Chase CEO Jamie Dimon, but will it last?JPMorgan Chase and Wells Fargo are starting to feel the effects of the Federal Reserve’s 50-basis-point rate cut in September on their mortgage businesses. On Frid
Read MoreSERHANT. expands in South Carolina with addition of Charleston team

SERHANT. has added a high-performing team to its presence in Charleston, South Carolina.Key Avenue Group is leaving Keller Williams for SERHANT., bringing a team with more than $300 million in career sales. Key Avenue is led by Christopher Smith and Patrick Ryan. SERHANT. first entered South Carolin
Read MoreFloify now competes directly with Equifax’s The Work Number

Floify has introduced a new workplace and income verification product that competes with The Work Number from Equifax.Mortgage solutions provider Floify is now going to go toe-to-toe with Equifax‘s oft-maligned workplace verification provider The Work Number, which has been criticized by mortgage le
Read MoreReal estate teams get most deals from their ‘sphere of influence’

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams.The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on thei
Read More8 effective mindset hacks from a top real estate coach

Successful people possess a belief system that empowers them to achieve their goals, regardless of their circumstances or situations. This doesn’t mean they don’t face failures and setbacks; rather, they refuse to let these obstacles prevent them from reaching their potential.By most standards, I’ve
Read MoreFederal housing leaders speak to the need for more reverse mortgage understanding

Federal Housing Administration (FHA) Commissioner Julia Gordon and David Berenbaum, deputy assistant secretary for the Office of Housing Counseling at the U.S. Department of Housing and Urban Development (HUD), described a need for more reverse mortgage comprehension during an interview at this year
Read MoreHouseAmp, Renovation Sells seek to streamline the presale process

What do you get when you combine home renovation specialists with a lender that can provide funds in short order? The new partnership between HouseAmp and Renovation Sells.The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready
Read MoreLoanSnap loses mortgage lender license in Connecticut

Struggling fintech LoanSnap had its mortgage lender license in Connecticut revoked in early October by state authorities, adding to the company’s legal and financial problems. The firm was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 20
Read MoreAnother day, another team joins The Real Brokerage

The Real Brokerage’s explosive growth continues. The company has added the Grant Johnson Group, based in the Minneapolis area, bringing 55 agents to Real and pushing the brokerage’s total agent count past 22,000.“It’s fitting that a fast-growing team, focused on building a strong culture, has helped
Read MoreRenovation projects remain popular, but homeowners often need help paying for them

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. In response, some consumers have turned to renovation projects to meet their needs.According to survey data released this week by St. Louis-b
Read MoreNAR petitions Supreme Court over DOJ probe

The National Association of Realtors has taken its fight with the Department of Justice to the Supreme Court.As it previously indicated it would, the National Association of Realtors (NAR) filed a writ of certiorari with the Supreme Court on Thursday. The trade group is asking the nation’s highest c
Read MoreSocial Security COLA for 2025 will be smaller than previous years

Social Security benefits and Supplemental Security Income (SSI) payments will rise by 2.5% in 2025, the lowest such increase since 2021. This reflects cooling levels of inflation after a period of historic increases, which pushed the cost-of-living adjustment (COLA) to its own heights during and aft
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