Daily Dose

Attorney Joel Jensen discusses a recent proceeding involving violations of a bankruptcy rule. Learn the latest and how it could impact the industry.

An upcoming Five Star webinar, presented by Selene Title, will feature a panel of experts tackling the topic of title and its critical role in the single-family rental, build-for-rent, and bulk transaction marketplaces. Click through to learn more and register to attend.

The National Association of Realtors’ latest Pending Home Sales Index showed transactions sliding by 31% year-over-year. Contract signings also pulled back in all four major U.S. regions, with inflated mortgage rates continuing to hinder homebuyers from purchasing a home.

“The above analysis clearly indicates a property in flood zones sells for less and appreciates slower over time than a similar property outside flood zones, given everything else is equal, in Miami,” according to CoreLogic's report.

“The pandemic-driven wave of relocation to suburbs and rural areas—which tend to lean more conservative than city centers—made those toss-up places more diverse,” said Taylor Marr, Redfin’s Deputy Chief Economist.

Once finalized, the combined entity will operate nearly 400 branches across nine states, and its mortgage division will operate nationally through 81 retail lending offices in 26 states, with a wholesale network of approximately 3,000 third-party originators.

The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.

HUD and the Census Bureau reported that single-family home sales fell month-over-month in September, with the nation’s supply of homes for sale rising by 1.1 months to 9.2, above the standard for a balanced market that favors buyers and sellers evenly.

“The share of U.S. borrowers who are six months or more late on their mortgage payments fell to a two-year low in August and was less than one-third of the pandemic high recorded in February 2021,” said Molly Boesel, Principal Economist at CoreLogic.

A new document outlines a list of proposals and alternatives under consideration for the Consumer Finance Protection Bureau’s data rights rulemaking—strengthening consumers’ access and rights to their financial data—through updates to the Dodd-Frank Act.