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

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.

Buyers 301

Buyers 301

Housing Wire

APRIL 19, 2024

Ginnie Mae has filed a point-by-point response to the initial complaint of the case brought against it by Texas Capital Bank (TCB), which alleges that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Government 441

Government Legal Law Development 441

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 261

Inventory Insurance Sellers Buyers 261

Housing Wire

APRIL 19, 2024

Alicia Goncalves has joined the Mortgage Bankers Association (MBA) as director of associate membership, the trade association announced on Friday. In this role, Goncalves will serve as the primary point of contact for MBA’s associate members, supporting their business efforts and enhancing their engagement with MBA. “Alicia is a passionate industry advocate who brings nearly two decades of expertise and success in the mortgage business,” Laura Hopkins, MBA’s vice president of membership, said in

Design 431

Design Business Mortgage 431

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

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

Real Estate News

APRIL 19, 2024

Drussy Hernandez said the move was necessary due to “external professional obligations.” CAR president-elect Erika Villegas will take over the role on May 15.

Realtors 213

Realtors 213

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

Inman

APRIL 19, 2024

With a recent boost to inventory and steady demand for high-end properties, luxury homeowners are ready to cash out on existing homes and use their cash power to buy a new home, fueling price growth.

Inventory 197

Inventory Buyers Marketing Mortgage 197

Real Estate News

APRIL 19, 2024

After encouraging reports from 2022, new data shows the appraisal gap continued to shrink throughout much of the U.S. in 2023.

Appraisal 181

Appraisal 181

Inman

APRIL 19, 2024

Frustrated and anxious about economic conditions? Trainer Bernice Ross writes that, instead of waiting for change, agents can move forward with confidence by following these strategies.

Agents 187

Agents Brokerage Marketing 187

Eyes on Housing

APRIL 19, 2024

Nonfarm payroll employment increased in 44 states in March compared to the previous month, while six states and the District of Columbia saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 303,000 in March, following a gain of 270,000 jobs in February. On a month-over-month basis, employment.

Construction 78

Construction 78

Inman

APRIL 19, 2024

The National Association of Realtors, Keller Williams, Anywhere, RE/MAX, Compass, eXp and others offered a slew of arguments for why the Batton 1 and Batton 2 cases should be thrown out.

Realtors 181

Realtors Realty Brokerage 181

BiggerPockets

APRIL 19, 2024

New York State legislative leaders have agreed on a preliminary housing deal aimed at tackling affordability and supply problems, which are especially severe in New York City.

Tenants 80

Tenants Landlords 80

Inman

APRIL 19, 2024

The reality TV star has left the Eklund Gomes Team at Douglas Elliman to start the Erin + Alex Team at Compass with the firm's Alexandra Hedaya. The team will operate in New York, the Hamptons and Florida.

Brokerage 180

Brokerage Agents 180

Appraisal Today

APRIL 19, 2024

Appraisal Institute Counters Flawed Appraiser Bias Narrative Excerpts: In reality, appraisers have a great story to tell, but we have a long way to go to refocus the terribly flawed “appraiser bias” narrative onto facts and science. Last week’s email from Cindy Chance, the CEO of the Appraisal Institute, marks an important and long overdue shift in the organization’s approach to addressing accusations of bias in the appraisal profession.

Appraisal 67

Appraisal Contracts Valuation Design 67

Inman

APRIL 19, 2024

With new clients including USA Mortgage and New American Funding, Matic says it's doing business with more 100 mortgage lenders and servicers that together process 20 percent of U.S. home loans.

Insurance 180

Insurance Mortgage Clients Business 180

Lamacchia Realty

APRIL 19, 2024

April 19, 2024 – Lamacchia Realty is pleased to announce that Lynn Walsh has joined Lamacchia Realty’s Leominster office. With Lynn comes local expertise of her hometown in Lunenburg where she has been the number one REALTOR since 2019, and all surrounding areas in north central Massachusetts. Along with being extremely motivated, Lynn is energetic, warm, and straight forward with her clients and never misses a detail.

Realty 74

Realty Realtors Training Clients 74

Inman

APRIL 19, 2024

RealPage's Lumina is being rolled out to automate a number of the supporting tasks that drive the large facets of its solution, helping an array of commands and tasks perform faster, much of which is made possible by the massive dataset from which it can learn.

Property Management 174

Property Management Technology 174

BiggerPockets

APRIL 19, 2024

In the last 16+ years, I’ve worked with many investors. Occasionally, I am asked about two or more people pooling their resources to buy properties.

Investing 77

Investing Investors Real Estate 77

Inman

APRIL 19, 2024

AI, green building and energy transition, and property and transaction management solutions are still seen as stable investments by VC firms, recent reports show, despite an overall decline in investments in proptech.

Investing 172

Investing Property Management Technology Real Estate 172

BiggerPockets

APRIL 19, 2024

Jazz icon and Los Angeles native Roy Ayers once famously sang, “Everybody Loves The Sunshine.” Never have truer words been said.

Marketing 81

Marketing Housing Market 81

Inman

APRIL 19, 2024

There's been a heapin' helpin' of new developments in the commission lawsuits. Here's how to pivot and be ready for whatever comes next.

Legal 184

Legal Agents Development Brokerage 184

Lamacchia Realty

APRIL 19, 2024

50 MOST EXPENSIVE TOWNS IN MAINE As we saw in our 2023 Year in Review Housing Report , home prices continue to rise across Maine. The average selling price for a home hit $462,012 by year’s end, an increase of 10% compared to 2022. Here is a list of the most expensive towns in Maine in 2023: 1. Southport Coming in at number one is the town of Southport with an average home selling price of $1,474,231.

Realty 53

Realty Architecture Agents Marketing 53

Inman

APRIL 19, 2024

The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to real estate's most ambitious monthly survey today.

Real Estate 171

Real Estate Realtors Technology Brokerage 171

Lamacchia Realty

APRIL 19, 2024

10 MOST EXPENSIVE TOWNS IN RHODE ISLAND As we saw in our 2023 Year in Review Housing Report , home prices continue to rise across Rhode Island. The average selling price for a home hit $532,592 by year’s end, an increase of 7.7% compared to 2022. Here is a list of the most expensive towns in Rhode Island in 2023: 1. Block Island (a.k.a New Shoreham) Coming in first is Block Island, otherwise known as New Shoreham.

Architecture 53

Architecture Marketing Realty Realtors 53

Inman

APRIL 19, 2024

Once you've passed your real estate exam, broker Joseph Santini writes, your first order of business will be deciding what type of brokerage will serve you best in your new career.

Brokerage 167

Brokerage Real Estate Business Agents 167

Mortgagebroker News

APRIL 19, 2024

FSRA imposes penalties and restrictions following false renewal application

Mortgage 67

Mortgage 67

Inman

APRIL 19, 2024

Warwick recently double-ended Colorado's first-ever, six-figure sale in the representation of an off-market property on Aspen's picturesque Willoughby Way. He shared with Inman what makes the market so hot.

Marketing 167

Marketing Agents 167

Mortgagebroker News

APRIL 19, 2024

Leader to drive expansion efforts across Ontario

Mortgage 73

Mortgage 73

Inman

APRIL 19, 2024

Kari Watkins, Chris Fleming and Donna Weaver were forever changed by the April 19, 1995, Oklahoma City bombing. Twenty-nine years later, they reflect on life since.

Real Estate 172

Real Estate Marketing 172

Mortgagebroker News

APRIL 19, 2024

Future rate trajectory remains shrouded in uncertainty

Clients 68

Clients 68

Inman

APRIL 19, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 180

Brokerage Agents 180