News Updates

HOME SELLING PROFITS SLIDE AGAIN IN 2024 ACROSS U.S. DESPITE CONTINUED PRICE GAINS

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Profit Margins for Sellers Decrease for Second Straight Year;Typical Seller Return Remains Near Record Highs, But Declines to 54 Percent;Returns Dip Even as National Median Home Price Climbs to $350,000 ATTOM, a leading curator of land, property data, and real estate analytics, released its Year-End 2024 U.S. Home Sales Report, which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8 percent return on investment. But even as

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Revenue Increases, Five Brothers Acquired and Government Services Division Launched MCS, the national property services provider founded in 1986, reported robust growth and significant milestones across new and existing business lines in 2024. Total company-wide revenue increased notably, with significant growth recorded across MCS’s Commercial and Residential Services businesses. A new Government Services division was launched, and although foreclosure volumes are still historically low, Mortgage Services continued its steady upward

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ServiceLink, the nation’s premier provider of tech-enabled services for all phases of the mortgage lifecycle, is pleased to welcome Adam McClure and Harold Sims as national account executives. In this new role the two will be tasked with forging new lender partnerships for ServiceLink’s origination division, focusing on helping lenders increase speed throughout the mortgage process, extend their digital workflow, reduce costs and enhance the consumer experience. McClure joins ServiceLink

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Auction.com, the nation’s leading online distressed real estate marketplace, has launched SmartSale™, powered by Auction.com—a new way for distressed customers to sell their properties directly on the Auction.com platform. SmartSale offers multiple pathways to sell—including auction and direct offers—allowing distressed customers to choose the option that best fits their needs. Through a transparent and flexible selling process, SmartSale connects sellers with one of the industry’s largest networks of qualified buyers.

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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

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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