Housing Wire

APRIL 22, 2024

Last week, Keller Williams was named to an additional class-action lawsuit, which also takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits

Agents 431

Agents Brokerage Legal Real Estate 431

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.

Appraisal 347

Appraisal Real Estate Agent Business Real Estate 347

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.

Inventory 500

Inventory New Listings Mortgage Finance 500

Sacramento Appraisal Blog

APRIL 16, 2024

Everyone is entitled to an opinion, but I find some people sounding off about housing seem disconnected from the actual market. I want to talk about that below and share some trends. Skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 Empire Home […] The post Strong opinions about the housing market first appeared on Sacramento Appraisal Blog.

Housing Market 310

Housing Market Marketing Realty Real Estate 310

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 353

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.

Brokerage 179

Brokerage Agents 179

Appraisal Buzz

APRIL 17, 2024

This week on the Appraisal Buzzcast, host Hal Humphreys interviews Kelly Davids, President of The Appraisal Foundation. Davids discusses her background in the industry and how it led to her new role as president. What is her vision for the future of the industry? How can we all get involved with The Appraisal Foundation? What are some of the initiatives they are launching in the near future?

Appraisal 370

Appraisal Modernization Valuation Technology 370

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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128

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 288

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.

Real Estate Agent 171

Real Estate Agent Real Estate Agents Technology 171

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% from the previous year ($375,300).

Inventory 485

Inventory Housing Market New Listings Buyers 485

Appraisal Buzz

APRIL 17, 2024

Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Compared with the same week one year ago, applications for purchases were up 6%. Applications for refinances increased 0.5% compared with the previous week and were up 11% compared with the same week one year ago.

Mortgage 361

Mortgage Appraisal 361

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 153

Real Estate News

APRIL 16, 2024

PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.

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Sellers 267

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 153

Brokerage Real Estate Agent Agents Real Estate 153

Appraisal Buzz

APRIL 22, 2024

Ashley Jelinek is the new CEO of Corporate Settlement Solutions (CSS), a regional provider of residential and commercial real estate settlement solutions. With the new appointment, Jerome Jelinek, the company’s founder and CEO, will become chairman. Ashley had been chief operating officer of CSS since 2015. In her new role, she will be responsible for leading the company’s growth initiatives and setting the strategic direction.

Valuation 195

Valuation Insurance Real Estate Appraisal 195

Eyes on Housing

APRIL 17, 2024

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

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Buyers 145

Real Estate News

APRIL 16, 2024

During a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.

Real Estate 270

Real Estate 270

Inman

APRIL 17, 2024

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

Mortgage 168

Mortgage Sellers Finance Agents 168

Housing Wire

APRIL 16, 2024

Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. This is a change from previous statements where the Fed talked about the rate cuts it expected to make this year — although that timeframe has changed several times.

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Retail Marketing Housing Market Mortgage 500

Appraisal Buzz

APRIL 19, 2024

FormFree has enhanced its Passport Wallet solution by adding a new user interface that makes it easier for consumers to understand their ability to pay and match with lenders. Based on user feedback, more than 10 screens have been removed, resulting in a smoother and more efficient user journey. This enhancement is expected to increase the completion rate by consumers, reducing instances of app abandonment and ensuring a higher generation of Qualified Borrower Medallions, the company says in a r

Finance 195

Finance Appraisal Mortgage Marketing 195

GoForrmz

APRIL 16, 2024

Originally published on 04/23/2019 Streamline manufacturing procedures with digital and online forms Digital and online forms drastically simplify manufacturing inspections, procedures, and oversight. This is achieved through robust digital capabilities that are unattainable via manual, paper-based processes. One of the most versatile tools is the GoFormz online form builder , which can create customizable digital forms, such as the digital manufacturing checklist.

Inspection 148

Inspection Training Tools Inventory 148

Real Estate News

APRIL 16, 2024

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

Finance 283

Finance Agents Buyers 283

Inman

APRIL 18, 2024

The campaign will roll out across print and digital media and comes against the backdrop of commission disruption and intense competition among portals.

Buyers 173

Buyers Technology Agents Marketing 173

Housing Wire

APRIL 19, 2024

Luxury home prices in the U.S. surged by 8.7% year over year in the first quarter of 2024, with the median price hitting a record $1.225 million, according to data from Redfin. In comparison, prices for non-luxury homes rose by 4.6% to a median of $345,000, which is also a record high. Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile.

Luxury Properties 466

Luxury Properties New Listings Buyers Housing Market 466

Appraisal Buzz

APRIL 19, 2024

Alicia Goncalves, CMB, has joined the Mortgage Bankers Association (MBA) as director of associate membership. Before joining MBA, Goncalves served as senior customer success manager at fintech company, nCinco, Inc. Prior to that, she held ascending roles in lending at Norcom Mortgage, most recently as assistant vice president, assistant operations manager.

Mortgage 195

Mortgage Lending Development Business 195

Advanced Appraisal

APRIL 17, 2024

We are located in the Mokena area but some of our prime service areas is the Lincoln-Way areas as a whole, from Frankfort to Manhattan, we are very active in Residential, Land and some Small Commercial to Industrial.

Real Estate 128

Real Estate 128

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.

Inventory 240

Inventory Insurance Sellers Buyers 240

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.

Real Estate 133

Real Estate Brokerage Inventory Agents 133

Housing Wire

APRIL 22, 2024

Earlier this month, California-based multichannel mortgage lender CMG Financial announced that it had acquired Norcom Mortgage ’s retail assets to expand its operations in the Northeast. The deal, however, will not include core members of Norcom’s well-known team of reverse mortgage professionals, including John Luddy , Norcom’s senior vice president of reverse lending.

Business 420

Business Lending Mortgage Retail 420

Appraisal Buzz

APRIL 19, 2024

This content is password protected. To view it please enter your password below: Password: The post Protected: RSDS APPRAISAL DIVERSITY ANNOUNCES NATIONWIDE HIRING OF W-2 STAFF APPRAISERS appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

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.

Mortgage 282

Mortgage 282

Inman

APRIL 18, 2024

Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors.

Realtors 158

Realtors Marketing 158