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Fannie Mae Continues To Forecast Modest Downturn In 2024

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025. “Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of

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Fidelity Facing Class Action Suit After Cybersecurity Attack

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. The suit was filed

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Housing Starts Rise On Falling Mortgage Rates

Housing starts rose in November, significantly beating expectations. New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s 14.8% above the revised October estimate of 1,359,000 and 9.3% above the November 2022 rate

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Are Home Sellers Finally Coming Back To The Market?

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. That’s one reason total sales volume has been so low, but it looks now like that’s starting to change. In this week’s Altos Research video, I look at how home sellers and

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Amended Settlement Agreement In Nosalek Suit Not Enough To Appease The DOJ

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. In a letter filed on Monday, the DOJ told Judge Patti Saris that it had concerns about the

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5 Trends That Will Reshape The Real Estate Market In 2024

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors.  1. Technology 2024: Proptech challenges and profitability pursuit The proptech sector, a technological cornerstone of the real estate space heavily reliant on venture capital, has

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