Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth. Weekly Active listings fell by 866 homes Mortgage rates rose to a year-to-date high of 7.22% Purchase apps were down 5% week to week Weekly housing inventory We had a hat trick in housing last week: weekly active listings wer

Inventory 483

Inventory Housing Market Marketing New Listings 483

Sacramento Appraisal Blog

JULY 13, 2023

The housing market has likely peaked for the year. Today I’d like to show some ways I’m seeing this in the stats. I’m focused on Sacramento, but this is likely showing up in many markets. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/23 SAR Market Update (in-person & livestream) 7/26/23 Fair Mortgage (details TBD) […] The post Did the housing market peak for the year?

Housing Market 251

Housing Market Marketing Real Estate Appraisal 251

Real Estate News

JULY 12, 2023

T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.

Agents 246

Agents Real Estate 246

George Dell

JULY 12, 2023

Workfile is required, (or not?). This part 7 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.7 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. USPAP WORKFILE The “workfile” concept works well as an effort at documenting an […] The post Workfile or Integration?

Valuation 195

Valuation Appraisal 195

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. And they have good reasons to do so. Talk to a top producer in either field and he or she will tell you: the biggest problem their respective industry faces is that there are far too many sloppy, inexperienced, yee-haw types who, I’m sorry, just shouldn’t be in this business!

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

The Appraiser Coach

JULY 11, 2023

The Covid-19 pandemic has changed a lot about our lives and the way we conduct our businesses. Some things may never again be the same again. As a result of the lockdowns, we had to turn to conducting our businesses remotely, and many of us have continued to do so even now. While working remotely has many potential benefits, it also presents many unique challenges.

Business 195

Business Appraisal Inspection Advertising 195

Eyes on Housing

JULY 10, 2023

Data obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, show that the rising trend of two or more stories homes continued in 2022. Although the overall share remained virtually unchanged, the share of two or more stories homes started construction was greater than one story homes in 2022. Nationwide, the share of new homes.

Construction 179

Construction 179

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined

Retail 370

Retail Development Finance Lending 370

The Appraiser Coach

JULY 11, 2023

The Covid-19 pandemic has changed a lot about our lives and the way we conduct our businesses. Some things may never again be the same again. As.

Business 150

Business Inspection Advertising Real Estate Agent 150

Real Estate News

JULY 10, 2023

Every agent knows there's more to the job than pulling comps and showing homes. But sometimes closing a deal takes an exceptional level of service.

Agents 240

Agents Clients 240

Eyes on Housing

JULY 14, 2023

Average hourly earnings for residential building workers* rose at a slower pace in May, after more than a year of strong gains. Wage growth has retreated below or close to 3%, from the peak rate of 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.87 in May 2023, increasing.

Construction 148

Construction Marketing 148

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs. These offerings will be available in select metro areas including Detroit, Baltimore and Chicago for Freddie Mac’s BorrowSmart and Detroit, Baltimore, Chicago, Atl

Finance 369

Finance Law Lending Development 369

Inman

JULY 12, 2023

A year and a half after Keller Williams legally blocked eXp World Holdings' attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned.

Legal 148

Legal Realty Brokerage Agents 148

Real Estate News

JULY 13, 2023

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

Modernization 246

Modernization 246

Eyes on Housing

JULY 12, 2023

Consumer prices in June saw a continued deceleration, with the smallest year-over-year gain since March 2021. Over the past twelve months, inflation has been consistently decelerating. Despite a slowdown compared to the previous month, the shelter index (housing inflation) continued to be the largest contributor to both headline and core inflation, accounting for over 70% of the increase in headline.

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Housing Wire

JULY 12, 2023

The CPI data released today shows the growth rate of inflation cooling off , and that’s good for mortgage rates. If inflation were running hot like in the 1970s, mortgage rates would have easily gotten to 8%-10% last year. The fact that the growth rate of inflation has been falling over the last few months is a positive story for mortgage rates over the long run.

Mortgage 369

Mortgage Marketing 369

Inman

JULY 14, 2023

Marketing software company Back At You is getting into the DIY content production game, releasing a new browser application to help the industry promote its brands, agents and properties, according to a company announcement.

Design 147

Design Real Estate Agents Marketing 147

Real Estate News

JULY 14, 2023

A new CFO joins Offerpad as the company looks to “accelerate its near-term growth,” and Windermere appoints a longtime leader as chief development officer.

Development 232

Development 232

Eyes on Housing

JULY 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in June 2023 (not seasonally adjusted). March 2023 was the last month prices increased. The index has gained 0.5%, year-to-date, and has not increased 1% or greater in any month since March 2022.

Construction 142

Construction 142

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

Lending 367

Lending Realtors Retail Mortgage 367

Inman

JULY 13, 2023

Tune in to Inman Access and discover the untold experiences and lessons that have shaped the remarkable career of real estate icon Sherry Chris in an exclusive interview with Andrew Flachner.

Real Estate 147

Real Estate Brokerage Agents 147

Real Estate News

JULY 13, 2023

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Mortgage 237

Mortgage 237

GoForrmz

JULY 14, 2023

Originally published on 08/03/2015 Did you know you can easily set your Checkboxes to be automatically ‘checked’ when you generate a new form? Configuring Checkbox fields to be automatically ‘checked’ when a new form is generated is a simple, yet powerful functionality that saves users time, enforces data capture rules, streamlines data entry, and eliminates the need for teams to repeatedly ‘check’ items in their everyday mobile forms.

Inspection 141

Inspection 141

Housing Wire

JULY 13, 2023

Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26.

Mortgage 366

Mortgage New Listings Buyers Inventory 366

Inman

JULY 12, 2023

The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.

Property Taxes 146

Property Taxes Marketing Mortgage 146

Real Estate News

JULY 12, 2023

The Consumer Federation of America suggests that new and less committed agents are bad for the industry and "deprive" their full-time peers of commissions.

Agents 228

Agents 228

Chicagoland Appraisal Blog

JULY 12, 2023

Welcome to our blog post dedicated to unraveling the pronunciation of a name that has left many puzzled: Tsiaousis. As a home appraiser serving the vibrant city of Chicago, Mr. Tsiaousis is well-known for his expertise, but the pronunciation of his name often leaves clients scratching their heads. Fear not, for we are here to guide you through the phonetic spelling and help you confidently say Tsiaousis.

Clients 113

Clients Appraisal 113

Housing Wire

JULY 11, 2023

Land sales volume continued to exceed the five-year average of $650 million in gross sales during the first six months of 2023, but gross sales are off from the record-setting pace of 2021 and 2022, according to Farmers National Company mid-year land values report , released Tuesday. During the first half of 2023, land sales volume came in at roughly $445 million, compared to an average of $735 million in both 2021 and 2022.

Real Estate 362

Real Estate Investors Buyers Marketing 362

Inman

JULY 11, 2023

The number of new homes earmarked for the rental market is expected to double by 2027 as built-for-rent housing rebounds with a record Q1 and developers clamor to partner with investors.

Investors 145

Investors Development Marketing Investing 145

Real Estate News

JULY 12, 2023

After Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?

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237

Eyes on Housing

JULY 14, 2023

Job gains slowed in June, but the labor market remained solid. Total payroll employment rose by 209,000 and the unemployment rate decreased to 3.6%. In June, wages grew at a 4.4% year-over-year growth rate, down 1.1 percentage points from a 5.5% gain in May 2022. Total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 in.

Marketing 78

Marketing Construction 78

Housing Wire

JULY 12, 2023

As mortgage rates reached their 2023 peak , mortgage applications rose slightly but remained very low last week. For the week that ended July 7, mortgage applications rose 0.9% from the prior week , according to data from the Mortgage Bankers Association. “Incoming economic data continue to send mixed signals about the economy, with the overall impact leaving Treasury yields higher last week as markets expect that the Federal Reserve will need to hold rates higher for longer to slow inflation.

Contracts 359

Contracts Mortgage Marketing 359

Inman

JULY 11, 2023

The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor's request to change the date because it conflicts with KW's Family Reunion.

Realtors 144

Realtors Brokerage Agents 144

Real Estate News

JULY 12, 2023

Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.

Marketing 246

Marketing 246