Housing Wire

APRIL 24, 2024

Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been noted as a top-producing loan originator, at one point being Scotsman Guide ‘s fourth-ranked LO in the country.

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Mortgage Retail Finance Investing 504

Appraisal Buzz

APRIL 24, 2024

Today, host Hal Humphreys chats with Jason Ferris, MAI, SRA and owner of Bell Ferris, Inc. Ferris discusses his background in the industry and his experience with Short Term Rentals. It seems like bringing up Short Term Rental valuation is the quickest way to start a fight on social media. Why is there such wild variance of opinions on how to handle these?

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Valuation Appraisal Housing Market Marketing 326

Appraisal Buzz

APRIL 23, 2024

New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3% compared with March 2023, according to estimate from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The median sales price of a new home sold in March was $430,700. The average sales price was $524,800.

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Mortgage Inventory Development Finance 369

Real Estate News

APRIL 18, 2024

Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.

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Development 361

Sacramento Appraisal Blog

APRIL 24, 2024

Insurance has been a glaring mess in California, and it’s really starting to affect the housing market. Today, I want to share some things I’m hearing from the real estate community after asking for feedback on my social channels about home and fire insurance. The goal is to give some perspective and advice to sellers […] The post The insurance crisis is affecting the housing market first appeared on Sacramento Appraisal Blog.

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Insurance Housing Market Marketing Sellers 195

Inman

APRIL 22, 2024

Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.

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Brokerage Realtors 185

Real Estate News

APRIL 19, 2024

This week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.

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Buyers 309

Eyes on Housing

APRIL 18, 2024

Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median wage is $48,060, while the top.

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Construction 157

Inman

APRIL 23, 2024

Judge Stephen R. Bough ruled that the sweeping changes NAR agreed to were "fair, reasonable and adequate" and set a final approval hearing for November.

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Realtors Brokerage Agents 203

Housing Wire

APRIL 20, 2024

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in history. This is something I talked about last week on Yahoo Finance.

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Inventory New Listings Mortgage Finance 501

Appraisal Buzz

APRIL 22, 2024

Let’s get real for a moment. When that email from an AMC hits your inbox, asking for your best fee and quickest turnaround, do you feel that twinge of annoyance? You’re not alone. A lot of folks in our field are downright peeved (and quite vocal) about the whole bidding process. They see it as a race to the bottom, a game where the only winning move is not to play.

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Appraisal Real Estate Agent Business Real Estate 349

Real Estate News

APRIL 23, 2024

Real estate has gone through massive changes over the past 50 years, says industry icon Stefan Swanepoel, but it’s time to focus on the future.

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Real Estate 262

Eyes on Housing

APRIL 22, 2024

Green homes go beyond lessening their environmental impact; they also actively mitigate the effects of the environment upon them. All homes can face damage from environmental hazards, prompting builders to implement resiliency practices to reduce such risks. This post will detail the prevalence of resiliency building, specific practices by hazard, as well as resiliency certification.

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Inman

APRIL 22, 2024

As the real estate industry continues to evolve, embracing the transformative potential of AI and blockchain technology to gain a competitive edge.

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Real Estate Agent Real Estate Agents Technology 211

Housing Wire

APRIL 23, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Is your license renewal on the horizon? Every 12 years, a cosmic thing happens, and agents in all 50 states come due for their real estate continuing education (CE) and licensing renewal. 2024 is that year!

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Real Estate Agents Best Value Design 445

Appraisal Buzz

APRIL 24, 2024

Mortgage application volume decreased 2.7% during the week ended April 19, as the average rate for a 30-year fixed-rate mortgage increased to 7.24%, up from 7.13% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances decreased 6% compared with the previous week but were up 3% compared with the same week one year ago.

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Mortgage Buyers Appraisal 307

Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

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Inventory Insurance Sellers Buyers 283

Appraiserblogs

APRIL 23, 2024

“FNMA’s collateral underwriter tool has a line item adjustment it makes on every comparable called Census Block Grid.” In a recent discussion within the comments section of an article titled ‘The Censorship of Appraisers,’ appraiser Spencer Paul shared a concerning statement from an underwriter about an adjustment made by Fannie Mae’s Collateral Underwriter tool.

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Tools Modernization Home Value Appraisal 116

Inman

APRIL 22, 2024

Matterport's board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion.

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Brokerage Agents 188

Housing Wire

APRIL 24, 2024

The rental segment has been marked by strong demand and looks to continue on this trajectory given mortgage rates that continue to hover around 7% and record property prices across many U.S. regions. In spite of some slowdown, rents have continued to appreciate, being nearly 30% higher than prior to the pandemic, with February levels up 3.5% as compared to the previous year.

Investing 445

Investing Tenants Landlords Marketing 445

Appraisal Buzz

APRIL 24, 2024

Truv , a provider of income, employment and asset verification solutions, is now integrated with BeSmartee , a provider of point-of-sale (POS) software for mortgage lenders. The integration will automate manual verification processes and transform the mortgage experience for lenders and borrowers with easier mortgage approvals, heightened data transparency and faster closings.

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Loan Officers Mortgage Appraisal Marketing 195

Real Estate News

APRIL 23, 2024

A hearing for final approval is scheduled for Nov. 26. The court filing also included information about who is covered in the nationwide class action.

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Eyes on Housing

APRIL 24, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by VA loans climbed substantially in the first quarter of 2024, while all-cash sales share fell by nearly 30%. However, the median purchase price of homes bought with cash continued to increase in.

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Finance 108

Inman

APRIL 22, 2024

The Utah-based disruptor "moved our real estate agents from W2 to 1099" while other "non-Homie" agents were laid off last week due to "role redundancy," a Homie spokesperson confirmed to Inman.

Brokerage 188

Brokerage Real Estate Agent Agents Real Estate 188

Housing Wire

APRIL 21, 2024

California Association of Realtors CEO John Sebree has departed the trade organization. In an announcement on Saturday, CAR said that Sebree was resigning to “pursue other opportunities. “On behalf of CAR’s leadership team and the Board of Directors, I’d like to thank John for his contributions and service as CEO and State Secretary for our organization.

Realtors 475

Realtors Real Estate Business Agents 475

Appraiserblogs

APRIL 18, 2024

…whether through redlined maps or implicit “one-mile rule,” the result can be undervalued properties in historically marginalized neighborhoods. Throughout the history of mortgage banking and lending in the United States, underwriting policies have significantly influenced the appraisal process for home purchases and refinances. Appraisers must follow underwriter appraisal review guidelines meticulously to ensure their appraisal reports are accepted by the lender.

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Modernization Appraisal Process Appraisal Finance 120

Real Estate News

APRIL 18, 2024

No rate relief is expected soon, and home prices are also setting records this spring, suppressing existing home sales.

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Mortgage 320

Eyes on Housing

APRIL 18, 2024

After reaching the 12-month high last month, existing home sales retreated in March due to lingering high mortgage rates, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the ninth consecutive month of year-over-year median sales price increases.

Realtors 124

Realtors Inventory Mortgage 124

Inman

APRIL 24, 2024

Buyers and sellers are confused about the new rules of the road. Trainer Bernice Ross and Jeff Lobb discuss how agents can change up the conversation and add clarity and confidence.

Buyers 174

Buyers Brokerage Sellers Agents 174

Housing Wire

APRIL 24, 2024

Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California -based multichannel lender and servicer announced Wednesday. The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same period last year but a significant improvement from the pretax loss of $54.2 million it incurred in fourth-quarter 2023.

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Lending Legal Contracts Mortgage 396

BiggerPockets

APRIL 22, 2024

For real estate investors, the question of cash flow versus appreciation is as old as time. However, in an era of high interest rates, buying properties for cash flow isn’t easy.

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Investing Real Estate Investors 80

Real Estate News

APRIL 20, 2024

The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.

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Sellers 260

Eyes on Housing

APRIL 23, 2024

Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this month, which is expected to moderate sales and increase the use of builder sales incentives this.

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Mortgage Inventory 104

Inman

APRIL 22, 2024

Anxiety around commissions leaped to the top of the worries brokerage leaders face, pushing down concerns around inventory and competition, according to Inman Intel Index survey results.

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Real Estate Brokerage Inventory Agents 182