In a 5-0 vote, the commission authorized the publication of a notice in the Federal Register that will solicit comment on potential 6(b) orders. These orders would target more than 30 of the largest investors in U.S. single-family homes — those that own more than 1,000 SFR properties — and
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RE/MAX on Wednesday announced that it has hired Chris Lim as executive vice president and chief growth officer. Lim, who has 22 years of leadership experience in the real estate industry, will officially step into his new role on Feb. 3. Lim will focus on fostering franchise growth in key
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Researchers at the University of Southern California (USC) released an in-depth study this week in which they argue that “decades of policy missteps“ have created a shortage of affordable housing across the U.S. and are pushing homeownership out of reach for millions of Americans. The full study, which was published
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Georgia has upped its defenses against deed fraud and title theft. Gov. Brian Kemp signed a new law, which went into effect at the start of the year, that creates a spate of new requirements for those filing property-related documents and notaries involved in electronic document filing. Georgia House Bill
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First American Title’s direct division is starting the new year off with a new division president. The big four title firm announced the appointment of Jim Dulle as the new division president on Wednesday. Dulle’s appointment comes as the previous division president, Janette Waller, is set to retire in March
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And most important for the housing industry, shelter costs rose by 4.6%, which is the slowest pace of housing cost increases in three years. For context, it peaked at 8.2% in March 2023. “The conquering of inflation will be a key factor in bringing down the mortgage rates, which so
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With an adjustment for the New Year’s holiday, mortgage applications increased 33.3% from one week earlier, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey, released today. This week’s reading, for the week ending Jan. 10, 2025, is a stark difference from last week’s applications, which reflected a
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The year 2025 will be transformative for real estate. Rising personal home insurance rates, fueled by escalating claims costs, increasing property values and the growing frequency of natural disasters, will all have a profound impact on market dynamics — and homeowner’s insurance costs. For real estate professionals and mortgage lenders, these
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“This unprecedented natural disaster warrants an unprecedented response that will expedite the rebuilding of homes, businesses and communities,” Bass said in a statement. “This order clears away red tape and bureaucracy to organize around urgency, common sense and compassion. We will do everything we can to get Angelenos back home.”
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At the tail end of 2024, mortgage borrowers shifted their attention away from conforming mortgages and toward refinance opportunities. A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December. Optimal Blue’s December 2024 Market Advantage report is a monthly study that
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No matter which path NAR chooses, it will be adding even more time to a legal battle that dates back to 2018, when the DOJ opened an investigation into NAR’s now-defunct Participation Rule and its current Clear Cooperation Policy. The parties reached an initial settlement in 2020, which required NAR to boost transparency about
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The Federal Housing Finance Agency (FHFA) on Tuesday announced the publication of a new, final rule in the Federal Register seeking to expand liquidity for the Federal Home Loan Bank (FHLBank) system, which would be accomplished by adjusting the treatment of some short-term FHLBank investments. The rule modifies the system’s
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