R3 and Radian to modernize title transfer and insurance process
November 13 2024 | |
Titlegenius by Radian is a workflow management tool and system of record that provides real-time status updates to buyers and their agents. By leveraging R3’s Corda for secure document storage and data transfer, titlegenius helps simplify and speed the execution of property title transfers, increasing visibility of the transaction life cycle using cutting-edge blockchain technology. Customers can save an average of 25%* on closing costs compared to other providers.
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Mortgage Applications Increase in Latest MBA Weekly Survey
November 13 2024 | |
“Mortgage rates continued to increase last week, driven by higher Treasury yields as financial markets digested the likely impacts of a Trump presidency. The Federal Reserve’s 25-basis-point rate cut was already anticipated and did little to move the markets,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.
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ALTA Foundation Donates $21K in Emergency Grants Following Hurricanes
November 13 2024 | |
“The impact of these two powerful storms on the lives of so many is heartbreaking,” said ALTA CEO Diane Tomb. “Being in Orlando just after Hurricane Milton struck, it was clear how profoundly these communities were affected. We hope these emergency grants from the ALTA Good Deeds Foundation offer some immediate support, and our hearts are with everyone as they work to rebuild.”
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Sun Title Expands Footprint With Opening of New Michigan Office
November 12 2024 | |
Sun Title, one of Michigan's largest title agencies, announced that it is expanding its operation with the opening of its tenth office in Greenville, Michigan. The new tech-enabled office will be located at 222 S. Lafayette Street in the historic downtown district of the City of Greenville. The new Greenville office will offer an upscale closing environment featuring original tin ceilings, exposed brick, wood floors and private closing rooms.
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Finaya Unveils Nationwide Homeownership Platform
November 12 2024 | |
Finaya is proud to announce the launch of its all-new Homeownership platform – an all-inclusive resource that guides customers through the homeownership journey between buying and selling their home. These essential tools and services are designed to support them at every stage of this journey. Finaya is also proud to announce the nationwide rollout of its end-to-end homeownership marketplace, encompassing real-estate, mortgage, title, insurance and other home related services.
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Multifamily Developer Sentiment Showed Mixed Results in Third Quarter
November 07 2024 | |
“Demand for rental apartments remains strong enough to support relatively high occupancy rates in existing projects,” said Tom Tomaszewski, president of The Annex Group and chairman of NAHB’s Multifamily Council. “However, construction costs, the cost and access to financing and the availability of land and regulations remain significant obstacles to new multifamily development.”
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Almost 90% of Metro Areas Posted Home Price Increases in Third Quarter of 2024
November 07 2024 | |
“Home prices remain on solid ground as reflected by the vast number of markets experiencing gains,” said NAR Chief Economist Lawrence Yun. “A typical homeowner accumulated $147,000 in housing wealth in the last five years. Even with the rapid price appreciation over the last few years, the likelihood of a market crash is minimal. Distressed property sales and the number of people defaulting on mortgage payments are both at historic lows.”
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Mortgage Applications Decrease in Latest MBA Weekly Survey
November 06 2024 | |
“Ten-year Treasury rates remain volatile and continue to put upward pressure on mortgage rates. The 30-year fixed rate last week increased to 6.81 percent, the highest level since July,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. “Applications decreased for the sixth consecutive week, with purchase activity falling to its lowest level since mid-August and refinance activity declining to the lowest level since May."
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First-Time Home Buyers Shrink to Historic Low of 24% as Buyer Age Hits Record High
November 04 2024 | |
“The U.S. housing market is split into two groups: first-time buyers struggling to enter the market and current homeowners buying with cash,” said Jessica Lautz, NAR deputy chief economist and vice president of research. “First-time buyers face high home prices, high mortgage interest rates and limited inventory, making them a decade older with significantly higher incomes than previous generations of buyers."
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NAR Applauds Introduction of the ROAD to Housing Act
November 01 2024 | |
"The United States is facing a historic 5.5-million-unit housing shortage. Coupled with increasing home prices, the American Dream of homeownership is moving further and further away from reality. Bold solutions are needed."
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