REI INK

CoreLogic Estimates the Eaton and Palisades Fires are Causing Devastating Initial Property Losses Estimated to be Between $35 Billion to $45 Billion

  • by
  • Comment Off
  • 205 views

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, announced preliminary residential and commercial loss estimates for the Eaton and Palisades Fires in Los Angeles, California. According to this new data analysis, ongoing losses from the Los Angeles wildfires are estimated to be between $35 to $45 billion, as both fires are less than 50% contained as of Thursday, January 16. CoreLogic will provide final insured loss estimates

Read More

Pending Home Sales Fell the Most Since 2022 in December as Mortgage Rates Jumped

  • by
  • Comment Off
  • 203 views

Redfin reports roughly 40,000 home purchases were called off in December, equal to 16% of homes that went under contract—the highest December percentage on record Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and dropped 2.3% year over year. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Homebuyer demand dipped at the end of

Read More

RE/MAX NATIONAL HOUSING REPORT FOR DECEMBER 2024

  • by
  • Comment Off
  • 294 views

December Continues Momentum, Marking Eighth Month of 2024 to Surpass 2023 Sales December became the eighth month of 2024 to top 2023, with home sales up 13.3% over December 2023 and 4.4% above November 2024. The number of homes for sale in the 52 metro markets surveyed remained 22.0% higher year over year but dropped 12.4% from November, reflecting seasonal trends. Additionally, new listings rose 7.5% year over year after a 24.9% drop from

Read More

Home Price Growth Reaccelerates in Fourth Quarter

  • by
  • Comment Off
  • 170 views

Latest FNM-HPI Reading Shows Year-over-Year Increase of 5.8 Percent in Q4 2024 Single-family home prices increased 5.8 percent from Q4 2023 to Q4 2024, an acceleration from the previous quarter’s downwardly revised annual growth rate of 5.4 percent, according to the latest reading of the Fannie Mae (OTCQB: FNMA) Home Price Index (FNM-HPI). The FNM-HPI is a national, repeat-transaction home price index measuring the average, quarterly price change for all single-family

Read More

U.S. FORECLOSURE ACTIVITY DECLINES IN 2024

  • by
  • Comment Off
  • 213 views

Foreclosure Starts and Completions Down from 2023; December 2024 Foreclosure Activity Declines from Previous Month and Year; Q4 2024 Foreclosure Activity Declines from Previous Quarter and Year  ATTOM, a leading curator of land, property data, and real estate analytics, released its Year-End 2024 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 U.S. properties in 2024, down 10 percent from 2023 and down

Read More

Mr. Cooper Group Announces Leadership Transition at Xome

  • by
  • Comment Off
  • 156 views

Mr. Cooper Group Inc. (NASDAQ: COOP) announced today that Mike Rawls, Chief Executive Officer of Xome®, plans to retire effective June 30, 2025, and Chris Marshall, former Vice Chairman and President at Mr. Cooper, will join Xome to lead its operations. Rawls and Marshall will work together over the coming months to ensure a smooth transition. “Since taking on the role of CEO in 2020, Mike has skillfully led Xome to become

Read More