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HousingWireHousingWire It seems like home sellers have had the upper hand in the housing market for years now, but rising inventory has steadily increased the amount of leverage for buyers. That trend will continue in 2025, according to Zillow’s annual housing market forecast. The portal giant projects a “bumpy” year…
Continue reading →HousingWireHousingWire Late last week, president-elect Donald Trump announced that he had chosen Scott Turner, the former executive director of the White House Opportunity and Revitalization Council, to lead the U.S. Department of Housing and Urban Development (HUD). Housing industry reactions were primarily congratulatory for Turner. They included vows from organizations…
Continue reading →HousingWireHousingWire Despite the recent rise in mortgage rates, early indicators suggest that the housing market is pointed in the right direction. The latest signal comes from the National Association of Realtors‘ (NAR) Pending Home Sales Index (PHSI), which shows sales in October growing 5.4% year over year and 2% compared…
Continue reading →HousingWireHousingWire As the saying goes, when one door closes, another opens. For the U.S. Department of Justice (DOJ), that door very well may be the now-mandatory buyer representation agreements, a provision in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement that was granted final approval on Tuesday. In a…
Continue reading →HousingWireHousingWire Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign…
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