Housing Wire
MAY 3, 2023
On Friday afternoon, my real estate agent called with good news. “Congratulations!” she said. “You just sold your house.” The agent wished me well and said that she would appreciate a review on her website. And that was that! A little backstory: The four-bed, 1.5 bath house in the Poconos showed well and I priced it very competitively – at $269,000.
Real Estate News
MAY 3, 2023
In a panel discussion, leaders of four fast-growing brokerages shared their thoughts on agent attrition, the commissions lawsuits and other hot topics.
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Housing Wire
MAY 3, 2023
The Federal Reserve affirmed on Wednesday that its next key federal funds rate hikes will depend on incoming data. In turn, economists and housing industry experts have now turned their attention toward the June meeting, as that decision will dictate the future movement of mortgage rates. The Fed’s move on Wednesday was well anticipated and should not cause a major shift in mortgage and other interest rates, experts noted.
Real Estate News
MAY 3, 2023
Frank Major is remembered as a “smart and kind” leader who served on the board of RESO and Byte Back, an organization working to close the digital divide.
Housing Wire
MAY 3, 2023
30-year fixed mortgage rates declined slightly last week, the first rate drop in three weeks, but it wasn’t enough to boost mortgage demand. Mortgage applications fell last week by 1.2% on a seasonally adjusted basis compared to one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The 30-year fixed rate decreased five basis points to 6.5% last week, which is still 114 basis points higher than a year ago, Joel Kan , MBA’s vice pr
George Dell
MAY 3, 2023
Around 1986, licensing and education efforts started – in order to “help prevent another crisis” like the Savings and Loan meltdown of those mid-1980’s. Effectively, the standards of the professional appraisal organizations were adopted in a joint effort of those groups. Then the “congressionally authorized” non-profit Appraisal Foundation took over licensing as well as standards […] The post Regulation Education?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MAY 3, 2023
The Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.
Housing Wire
MAY 3, 2023
Stavvy , a fintech company specializing in digital and remote collaboration for lending and real estate companies, announced on Wednesday a new partnership with WFG National Title Insurance Company (WFG) to provide the company and its customers with eClosing technology solutions. “Stavvy is incredibly excited to work with WFG to bring innovative eClosing solutions to the masses,” said Kosta Ligris , Founder and CEO of Stavvy. “Our collaboration will enable us to leverage our s
Real Estate News
MAY 3, 2023
The company missed analyst expectations by $0.48 per share but achieved cost savings of $50 million while legal headwinds put pressure on the bottom line.
Eyes on Housing
MAY 3, 2023
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 66% in the first quarter of 2023, amid persistently tight housing supply. The homeownership rate remained statistically unchanged from the fourth quarter reading (65.9%). It is 0.6 percentage points higher than the rate in the first quarter of 2022. Compared to the peak of 69.
Real Estate News
MAY 3, 2023
As many analysts had predicted, the Federal Reserve raised the benchmark interest rate for the 11th consecutive time since March.
Eyes on Housing
MAY 3, 2023
The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points at the conclusion of its May meeting. Although the communication from the Fed did not explicitly indicate that they are done tightening, language used in their statement signals the Fed is moving toward a more data-dependent posture, albeit one that retains a hawkish bias.
Real Estate News
MAY 3, 2023
Members of UtahRealEstate.com and New Mexico MLS will be able to see listings across the coverage areas in both states.
Inman
MAY 3, 2023
The founder of PropTech Consulting said artificial intelligence can revolutionize the industry, but stakeholders will need to tackle data quality, bias and privacy concerns, among other issues.
Real Estate News
MAY 3, 2023
The company managed to cut losses by half in Q1, and CEO Brian Bair said Offerpad has a "realistic and achievable plan" to meet its goals.
Inman
MAY 3, 2023
Zillow brought in $469 million in revenue, according to an earnings call Wednesday, falling 13 percent from the $536 million it brought in a year earlier during a period that preceded the rate hikes and sluggish sales.
Appraiserblogs
MAY 3, 2023
USPAP has introduced the terms DISPARATE TREATMENT AND IMPACT in its 5th exposure draft. Disparate treatment and impact are bad for appraisers because they can damage the reputation of the profession, lead to legal and regulatory action, and negatively impact the success and viability of individual appraisers and their businesses. Disparate treatment occurs when an appraiser treats individuals or groups differently based on their race, ethnicity, gender, religion, or other protected characterist
Inman
MAY 3, 2023
Down payment assistance programs can help more people make their dreams of homeownership come true, including up to one-third of all borrowers who fail to qualify without DPA.
Valuation Review
MAY 3, 2023
ASA strategic partnership officer addresses Fannie Mae's search for a more automated future.
Inman
MAY 3, 2023
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next.
BiggerPockets
MAY 3, 2023
With all of the various strategies in real estate, how do you pick the best one for you? These seven ways you get started in real estate are great ways to get started.
Inman
MAY 3, 2023
Jay McCanless, a senior vice president of equity research at Wedbush Securities, reveals what he'll be watching as publicly traded real estate companies post Q1 earnings this week and next.
BiggerPockets
MAY 3, 2023
Housing prices have been on the decline for seven straight months, but in March, the trend shifted gears. These markets are leading the charge.
Inman
MAY 3, 2023
The plugins will allow users to employ conversational language to ask the chatbot details about specific listings and the kinds of homes they seek to fine-tune their search results.
Premier Home Appraisal Blog
MAY 3, 2023
Consider using us if you are looking for a house appraisal in Virginia! Get our best Home Appraisal Checklist. When we receive an appraisal order online for a home appraisal in Virginia, the purchaser gets the following home appraisal checklist as part of the Thank You confirmation page and email. We thought it would also make for a helpful and informative blog post for readers interested in a home appraisal but unsure of how the appraisal inspection will unfold.
Inman
MAY 3, 2023
Following an emotional hearing disrupted by protestors, a preliminary vote Tuesday by the Rent Guidelines Board set the stage for increases of up to 5 percent for one-year leases, and 7 percent for two-year leases.
Valuation Review
MAY 3, 2023
Intrinsic LLC launches fixed asset valuation practice. #Intrinsic #fixedassetvaluationneeds #externalproviders.
Inman
MAY 3, 2023
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA strike and others before it can have a palpable impact on the real estate industry.
BiggerPockets
MAY 3, 2023
How do you go from absolute poverty to passive income in a short amount of time?
Inman
MAY 3, 2023
Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms.
Mortgagebroker News
MAY 3, 2023
Nearly a million current households accommodate multiple generations of the same family in Canada
Inman
MAY 3, 2023
As a real estate agent, it's not enough just to conduct the transaction. Provide education and service that will help make it possible in the first place.
National Association of Realtors
MAY 3, 2023
NAR urges the Federal Housing Finance Agency (FHFA) to encourage competition, transparency, responsibility, and accountability among the valuation counterparties of the Government Sponsored Enterprises (the Enterprises).
Inman
MAY 3, 2023
The brokerage giant spooked investors with its latest earnings report, in which first-quarter revenues were down 31 percent year over year.
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