The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Real Estate

Home prices rose by record numbers last week

Median home sale price is at $320,625

Home sales are up, and so are the prices.

Median home sale prices have made the largest increase on record, jumping 15% year over year for the week ending Oct. 4. The previous largest increase was 14.5% seen in September 2005, according to Redfin analysis of the Case-Shiller national home price index and analysis of MLS data.

As of last week, the median home sale price in America was $320,625, compared to $279,090 a year ago.

“Large, expensive, luxury homes are taking up a bigger share of the homes that are selling, which is driving a high growth rate for the median sale price,” said Redfin chief economist Daryl Fairweather. “Remote work is increasing demand from affluent people, while middle-income people are more often expected to do their jobs in-person, and many have been affected by furloughs and shutdowns.”

At HousingWire Annual on Thursday, Fannie Mae SVP and Chief Economist Doug Duncan said to expect home prices to keep on rising.

Also setting records this month is the average sale-to-list price ratio, which measures how close homes are selling to their asking prices. That index rose to 99.4%, 1.2 percentage points higher than a year earlier.

The number of active listings for sale at any point during the period also sank to a new all-time low of 28% year over year, Redfin said.

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