Will Investors With High Credit Scores Pay More Now? What The New Mortgage Rules Actually Mean
BiggerPockets
APRIL 25, 2023
New mortgage rules set by the FHFA sent the investing community into panic. But what do these new rules actually mean?
April, 2023
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Housing Market Tracker: Inventory finally rises
Housing Wire
APRIL 23, 2023
Can we now say that the housing market ‘s spring selling season is finally underway? Since 2020, the seasonal bottom for housing inventory has arrived several months later than normal, making it more complicated to track housing inventory data. Still, we have some promising signs that we might have finally hit the inventory bottom for 2023. We didn’t see too much volatility in mortgage rates last week, but purchase apps declined in reaction to rates rising two weeks ago.
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Industry Decoded: Commissions lawsuits could give portals an edge
Real Estate News
APRIL 13, 2023
The outcome of the Moehrl suit could affect countless buyer agents. Might Zillow and other portals become an Uber-style marketplace for those agents?
Opendoor lays off 22% of its workforce in latest round of cuts
Inman
APRIL 18, 2023
In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.
States with Highest and Fastest Rising Construction Wages
Eyes on Housing
APRIL 27, 2023
Despite a housing market slowdown but reflecting persistent long-term labor challenges, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. According to the latest Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), average hourly earnings (AHE) in construction vary greatly across 43 states that reported these data.
The Importance of Getting Hybrid Appraisals Right
National Association of Realtors
APRIL 3, 2023
A more streamlined appraisal process won’t materialize until lenders and appraisal management companies understand the critical need for credible, independent data collection.
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Housing Market Tracker: Inventory falls even lower
Housing Wire
APRIL 16, 2023
The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Purchase application data rose again, with more positive than negative data in 2023. Mortgage rates didn’t move much last week, but the 10-year yield rose even though inflation data was tamer than expected, and we had a weaker retail sales report number.
Nation’s largest homebuilder brings some heat to a cool spring
Real Estate News
APRIL 20, 2023
DR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its Q2 profits and offered an encouraging take on spring.
Here’s every AI platform real estate agents need to know about in 2023
Inman
APRIL 24, 2023
Tools such as ChatGPT and DALL-E have opened the artificial intelligence floodgates and promise to permanently transform the way agents operate. But there's so much more to explore.
Affordability Pyramid Shows 64.8 Million Households Cannot Buy a $250,000 Home
Eyes on Housing
APRIL 5, 2023
As described in a previous post, NAHB’s recently released its 2023 Priced-Out Estimates, show that 96.5 million households are not able to afford a median priced new home, and that an additional 140,436 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how many households have.
Making $1,200/Month from ONE Rental After Bouncing Back from a BAD Deal
BiggerPockets
APRIL 25, 2023
How do you bounce back after waiving inspections, finding out your $100K rehab costs are actually $360K, losing your earnest money deposit, and ultimately having to walk away from your […]
Victoria Centeno Named Lamacchia Realty’s Employee of the Month – March 2023
Lamacchia Realty
APRIL 14, 2023
Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.
Housing Market Tracker: Spring inventory grows
Housing Wire
APRIL 30, 2023
The spring housing market music is playing, and purchase application data and active listing inventory rose together last week. The fear of not having an increase in inventory this spring should be put to rest. The other focus should be where mortgage rates go; only a little happened last week. Here’s a quick rundown of the last week: Active listing rose 8,260 week to week, down a bit from last week’s gain, but I’m not complaining — anything on the plus side is positive.
Office-to-housing conversions are on the rise
Real Estate News
APRIL 9, 2023
Transforming underutilized office space to living space can create needed housing inventory, but it's not always easy. Some cities are trying to change that.
Refining an iconic legacy brand: a Q&A with Katelyn Castellano
Inman
APRIL 10, 2023
As iconic brokerage Engel & Völkers embarks on an identity refresh, this marketing leader shares her insights on the process, and what others can learn.
Lower Rates Spark Housing Demand
Eyes on Housing
APRIL 24, 2023
The retreat in mortgage interest rates during the first quarter of 2023 (from the 20-year peak reached in the fall of 2022) led a record share of adults in the US – 18 percent – to declare having plans to buy a home within a year – the largest share since the inception of this series in 2018. The finding.
Jeffrey Fontana Park in San Jose’s Almaden Valley
San Jose Real Estate
APRIL 15, 2023
Jeffrey Fontana Park is an Almaden gem, set into a residential area but also adjacent to loads of other parkland. In the not too far distance is a view of the coastal hills with Mount Umunhum on top.
Lamacchia Realty Announces Top Producing REALTORS® for March 2023
Lamacchia Realty
APRIL 7, 2023
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for March 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! March 2023 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.
Homepoint to shut down originations biz, sell assets to The Loan Store
Housing Wire
APRIL 7, 2023
Shrinking wholesale lender Homepoint is closing its mortgage origination business and will sell its origination-focused assets to competitor The Loan Store , the company announced on Friday. Michigan-based Homepoint is “winding down” its tenure as a direct participant in the mortgage origination business and becoming an investor in the market, as the company will hold an equity interest in The Loan Store.
Newer brokerages take top spots in Mega 1000 rankings
Real Estate News
APRIL 25, 2023
Several of the top brokerages in T3 Sixty's Mega 1000 list were founded after 2000, including top-ranking Compass.
How this agent used YouTube to grow his luxury real estate career
Inman
APRIL 7, 2023
Enes Yilmazer is a content creator and real estate influencer who rose to fame through his real estate channel on YouTube. After posting his first real estate video in 2019, he quickly realized the platform's potential and prioritized it.
Market in Focus: Florida Has Highest Population Growth Rate In U.S.
Eyes on Housing
APRIL 21, 2023
In 2022, Florida had the highest population growth rate of any state at 1.9% and the second largest nominal growth in population at 416,754. Florida’s population was at 22,244,823 as of July 1st, 2022, the third largest state population in the U.S. The population of Florida has not experienced a decline since 1946. Because of continual high population growth, the.
Rookie Reply: Should I Switch Markets? (Why You’re NOT Finding Deals)
BiggerPockets
APRIL 28, 2023
How important is the real estate market you’re investing in? You could be searching for deals for months, not finding anything worth buying, and may want to call it quits.
1st Quarter of 2023: Lowest Number of Homes Listed in Recorded History
Lamacchia Realty
APRIL 11, 2023
Those following the real estate market have been witnessing historic behavior in real-time since the onset of the Pandemic in March 2020. The first quarter of 2023 was no exception. This week we ran a “Homes Listed” Report in MLSPIN which is the Multiple Listing Service in Massachusetts and what we suspected was true. There has never been a first quarter of the year (January, February, March) since at least 1995 that fewer homes have been listed for sale than this year.
Wage growth downtrend kills 1970s inflation fear
Housing Wire
APRIL 7, 2023
Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. I have tried to explain that the 1970s inflation isn’t a reality , and Friday’s report should ease the fear that wage growth is spiraling out of control.
Corcoran's five decades of female leadership
Real Estate News
APRIL 22, 2023
In 1973, with a $1000 loan, Barbara Corcoran launched what would become a global luxury real estate company. And it's always had a woman at the helm.
5 make-or-break factors consumers consider when choosing a real estate agent
Inman
APRIL 24, 2023
A new report by RE/MAX explores what's most important to today’s homebuyers and sellers, from their criteria for choosing a real estate agent to their adaptability for the future. The findings are valuable intelligence for agents and brokers alike.
30% of Adults Work from Home at Least 2 Days a Week
Eyes on Housing
APRIL 19, 2023
Findings from a recent national poll* that reveal 30% of American adults typically work from home at least two days a week could offer clues to the long-term financial health and value of commercial office space in the United States. How this share evolves over time, whether it drops due to employers tightening work-from-home policies or it grows due to.
Dallas Real Estate Market: Prices & Trends In 2023
BiggerPockets
APRIL 24, 2023
Dallas is a robust market that's been stacking up well against the national correction. Should this be the next market you invest in?
Things That May be Impacting Your Credit
Lamacchia Realty
APRIL 12, 2023
THINGS THAT MAY BE IMPACTING YOUR CREDIT Navigating your credit score can be extremely confusing if you don’t know what goes into determining your score and what causes it to go higher or lower over time. When you’re attempting to get a mortgage loan , having good credit is a major factor. If you’ve recently learned that your credit isn’t so great and you aren’t sure why, these reasons might be the cause!
Housing Market Tracker: Still no spring inventory lift
Housing Wire
APRIL 3, 2023
Last week was relatively calm for the housing market after the fiasco of the banking crisis. Housing demand grew and inventory levels fell again while mortgage rates rose. Here’s a quick rundown of the last week: The 10-year yield battle continues as bond yields rose early in the week only to close below 3.50% on Friday. Mortgage rates rose to 6.57%.
Buckle up: More buyers may be on the way
Real Estate News
APRIL 24, 2023
A new survey from the National Association of Home Builders found a significant increase in the number of adults who plan on buying a home this year.
5 power practices every successful real estate entrepreneur needs to know
Inman
APRIL 10, 2023
Utilizing power practices and tools derived from the realms of positive psychology, neuroscience, and holistic wellness, you can lay the foundation for a successful career as well as a joyful and meaningful life.
Building Materials Prices Climb as Concrete, Transformer Shortages Persist
Eyes on Housing
APRIL 13, 2023
According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) climbed 0.3% in March 2023 (not seasonally adjusted). Since declining the last four months of 2022, the index has increased three consecutive months by a total of 1.6% but has been relatively stable over the past year.
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