Housing Wire

SEPTEMBER 3, 2023

We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last we

Mortgage 458

Mortgage Inventory New Listings Marketing 458

Sacramento Appraisal Blog

SEPTEMBER 7, 2023

There are more cash buyers right now. Bottom line. Well, technically. Today let’s unpack the housing market’s cash trend, some myths, and things to watch ahead. This post is designed to scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 343

Housing Market Buyers Marketing Design 343

Real Estate News

SEPTEMBER 5, 2023

The company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.

328

328

George Dell

SEPTEMBER 6, 2023

Scope of Work is what you plan to do. It requires you to identify the problem and identify the work necessary. The goal of USPAP (Uniform Standards of Professional Appraisal Practice) is credibility. The appraiser should be “worthy of belief.” A measure of reliability or usefulness of the appraisal is not required. Editor’s Note: This […] The post EBV: A New Scope of Work?

Appraisal 195

Appraisal 195

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time.

Housing Market 443

Housing Market Mortgage Marketing Contracts 443

Miller Samuel

SEPTEMBER 5, 2023

I joined my friend Barry Ritholtz of RWM and of The Big Picture on his Bloomberg Radio MIB podcast for the sixth time since 2014. Here's the transcript , book recommendations , and the podcast version! Here are the previous interviews from 2014 , 2016 , 2020 , 2021 and 2022. They are always fun, and Barry keeps the conversation interesting. My wife Cheryl was in the producer's booth, keeping me honest (and taking pictures).

Business 195

Business Mortgage Real Estate Appraisal 195

The Appraiser Coach

SEPTEMBER 5, 2023

I once read a book called First Things First, by Stephen Covey. That phrase, “first things first,” prompted a lot of thought for me a little while.

Inspection 195

Inspection Advertising Real Estate Agent Government 195

Housing Wire

SEPTEMBER 6, 2023

Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. For the week that ended Sept. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. “Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice pres

Mortgage 421

Mortgage Contracts Inventory Buyers 421

Inman

SEPTEMBER 8, 2023

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of "creepy" and "disrespectful" behavior that, until now, had not been made public.

Realtors 206

Realtors Agents 206

Real Estate News

SEPTEMBER 2, 2023

NWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.

Brokerage 302

Brokerage 302

Eyes on Housing

SEPTEMBER 8, 2023

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the second quarter of 2023 as interest rates continue to rise and financial conditions tighten. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions declined by 2.8% during the second quarter. The volume of loans declined by $2.9 billion for the quarter.

Construction 103

Construction Insurance Development 103

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5 million in damages for both the Moehrl and Sitzer/Burnett suits.

Agents 421

Agents Buyers Realtors Sellers 421

Inman

SEPTEMBER 5, 2023

Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims.

Realtors 200

Realtors Agents 200

Real Estate News

SEPTEMBER 8, 2023

An ambitious challenge from Homes.com for consumer market share and agent dollars has reignited the portal competition, says former Zillow CEO Spencer Rascoff.

Agents 294

Agents Marketing 294

Eyes on Housing

SEPTEMBER 6, 2023

NAHB analysis of the 2022 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.1% of the market, roughly the same as in 2021, at 28.8%. As in previous years, conventional financing dominated the market at 71.9% of sales. In 2020, the share of non-conventional financing was 34.4%.

Finance 103

Finance Construction Marketing 103

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits.

Real Estate 421

Real Estate Buyers Legal Realtors 421

Inman

SEPTEMBER 5, 2023

Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to "change its practices.

Realtors 199

Realtors Brokerage Agents 199

Real Estate News

SEPTEMBER 8, 2023

On average, U.S. homeowners gained nearly $14,000 in equity since the beginning of the year, though equity is down slightly from last year's peak.

Marketing 300

Marketing 300

Eyes on Housing

SEPTEMBER 8, 2023

Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to a previous post about builder members, NAHB conducted a related analysis of its associate members. In 2022, 65% of NAHB’s members were associate members—those involved in a wide range of.

97

97

Housing Wire

SEPTEMBER 5, 2023

Buying and selling a home can be a confusing, intimidating process. From fine-tuning the initial listing to completing the mountains of paperwork needed for closing , homebuyers and sellers can find themselves juggling a wide range of issues. Real estate professionals can help by hosting educational workshops to help make the transaction easier. Here are 11 tips to make these workshops more effective. 1.

Real Estate 421

Real Estate Sellers Buyers Clients 421

Inman

SEPTEMBER 4, 2023

President and CEO of Anywhere Brands Sue Yannaccone writes that this is the time for leaders to find and use their voices so that the industry reflects the values it promotes.

Realtors 190

Realtors Brokerage Agents 190

Real Estate News

SEPTEMBER 2, 2023

New construction homes and multifamily housing are on different tracks. Here’s why that matters, and what’s coming in the next year.

Housing Market 323

Housing Market Inventory Construction Marketing 323

Eyes on Housing

SEPTEMBER 6, 2023

According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories inched up 1% to a seasonally adjusted annual rate (SAAR) of $3.6 billion in the second quarter of 2022, after a 6.4% increase in the first quarter. Private fixed investment in dorms was 8.7% higher than a year ago, but still below the.

Investing 97

Investing 97

Housing Wire

SEPTEMBER 8, 2023

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers.

Home Value 413

Home Value Design Clients Investing 413

Inman

SEPTEMBER 5, 2023

New York City's law limiting short-term rentals went into effect on Tuesday. To offer stays of less than 30 days, hosts must stay in the unit with their guests.

Law 199

Law Investing 199

Real Estate News

SEPTEMBER 5, 2023

After a major real estate company reached a settlement in the Moehrl and Sitzer/Burnett cases, NAR said its commitment to defend itself remains unchanged.

Real Estate 295

Real Estate 295

GoForrmz

SEPTEMBER 8, 2023

The results are in! Discover why businesses are digitally transforming their operations with GoFormz At GoFormz, our primary focus is our customers. We’re committed to understanding and addressing their unique requirements and facilitating their digital transformation through the power of digital data collection. We recently conducted an extensive customer survey spanning 14 diverse industries across 5 countries.

Tools 78

Tools Modernization Business Design 78

Housing Wire

SEPTEMBER 6, 2023

In the face of spiking interest rates and historically high home prices , $3,000 monthly mortgage payments are common in today’s housing market. According to Black Knight’s mortgage monitor report, the average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306.

Mortgage 410

Mortgage Insurance Housing Market Marketing 410

Inman

SEPTEMBER 5, 2023

The lawsuit, filed by the daughter of one of Cardone's previous investors, says he misled his followers by boasting on social media about the potential returns they would see from investing in his real estate fund while downplaying the risks.

Investors 186

Investors Real Estate Investing 186

Real Estate News

SEPTEMBER 4, 2023

Most clients want to work with their agents again, but few do. Why? Because agents don't take full advantage of their CRM and stay in touch with past clients.

Agents 289

Agents Clients 289

Appraisal Hub

SEPTEMBER 8, 2023

In today’s real estate market, the process of obtaining a mortgage can seem complex and daunting. One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage. Let’s delve into the significance of mortgage appraisals and how professional appraisers and reputable appraisal firms can make a difference.

Appraisal 78

Appraisal Mortgage Mortgage Appraisal Market Value 78

Housing Wire

SEPTEMBER 8, 2023

As Tracey Kasper, the National Association of Realtor’s newly appointed president, put it, the trade group is “grappling with a very difficult situation.” Kasper made the comment during a five-minute-long video message to members and employees posted on Thursday. NAR’s “difficult situation” came into focus in June, when former NAR employee Janelle Brevard filed a lawsuit accusing trade group of racial and sexual discrimination and alleging that NAR president Kenny Parcell harassed female employe

Legal 405

Legal Law Agents Real Estate 405

Inman

SEPTEMBER 8, 2023

A lawsuit filed by a renter in Seattle accuses the property management software firm and major landlords of violating antitrust statutes through a product used to set rent rates.

Law 182

Law Property Management Landlords Investing 182

Real Estate News

SEPTEMBER 6, 2023

“A lot of agents are going to make more money,” says CEO Tamir Poleg as Real reduces the threshold to move up in its rev share structure.

Agents 312

Agents 312