Housing Wire
SEPTEMBER 21, 2023
Existing home prices are up 3.9% year over year, with demand near 21st-century lows. How is this possible? NAR ‘s existing home sales report on Thursday gives us insight into the why factor. The median existing-home price for all housing types in August was $407,100, an increase of 3.9% from August 2022 ($391,700). All four U.S. regions posted price increases.
Sacramento Appraisal Blog
SEPTEMBER 19, 2023
There is some serious pent-up demand building. The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. And speaking of building, new construction has been glowing this year. Let’s talk about it. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale […] The post Pent-up demand & glowing new construction first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Cleveland Appraisal Blog
SEPTEMBER 21, 2023
Hello everyone! I hope you all have been doing good and hanging in there. The real estate market has been on a crazy ride for the past few years. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no. However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business.
Real Estate News
SEPTEMBER 20, 2023
Forget the spring and summer rush — home shoppers will have better luck making a deal during the first week of October, according to Realtor.com.
Housing Wire
SEPTEMBER 18, 2023
Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. According to court documents filed on Monday, RE/MAX 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.
George Dell
SEPTEMBER 21, 2023
Quasi-government “Congressionally-authorized” appraisal standards require “correct” research and analyses. What does that mean? What is correct? And who decides? It’s in Standard 1. Be correct. Editor’s Note: This is Standards, part 3.14 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Does this say – it’s […] The post A Correct Appraisal?
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Real Estate News
SEPTEMBER 19, 2023
Sexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.
Housing Wire
SEPTEMBER 16, 2023
What’s going on with housing inventory ? The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. But the next week we had the biggest increase of the year, which might show that people are rushing to list their homes.
Inman
SEPTEMBER 18, 2023
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including "no longer forcing homesellers to pay buyer’s agents.
Realtor
SEPTEMBER 19, 2023
Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals.
Real Estate News
SEPTEMBER 16, 2023
FMLS President and CEO Jeremy Crawford believes cooperation and consolidation are key to a healthy and efficient MLS network: “We are all better together.
Housing Wire
SEPTEMBER 18, 2023
Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Executives from Dark Matter Technologies, under the Constellation Software umbrella, said that a down market is the best time to make investments in technology and prepare for the next cycle.
Inman
SEPTEMBER 20, 2023
Pam O'Connor retired as CEO of Leading Real Estate Companies of the World and was named one of the top 25 thought leaders by the National Association of Realtors. In this op-ed, she shares her thoughts on the organization, its business model, and makes the case for what else needs to change.
Eyes on Housing
SEPTEMBER 22, 2023
Nonfarm payroll employment increased in 33 states and the District of Columbia in August compared to the previous month, while 17 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in August, following a gain of 157,000 jobs in July. On a month-over-month basis, employment data was strong in California, which.
Real Estate News
SEPTEMBER 18, 2023
The settlement agreement leaves NAR, HomeServices of America and Keller Williams as defendants with an Oct. 16 trial date looming.
Housing Wire
SEPTEMBER 22, 2023
Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Pending-home sales fell 13% from a year ago for the four weeks ending Sept. 17, according to a new report from Redfin. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier.
Inman
SEPTEMBER 18, 2023
A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its "Great Place to Work" merit.
Appraiserblogs
SEPTEMBER 20, 2023
It’s a Great Time to Leave the Appraisal Profession. I can hear the chorus of my fellow appraisers rising up in disagreement with me. I envision many of them screaming, “But I love being an appraiser”! Yeah, I hear you. I loved being an appraiser too. Let’s not consider what we were but what they want us to become. First, ask yourself if you are still making a livable wage.
Real Estate News
SEPTEMBER 20, 2023
The Fed did not boost interest rates at its September meeting but warned that one more hike is likely this year.
Housing Wire
SEPTEMBER 22, 2023
The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts.
Inman
SEPTEMBER 20, 2023
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down.
Appraiserblogs
SEPTEMBER 22, 2023
Appraisers, I’m almost reluctant to distribute this essay, but the reality is what it is. Per the Mortgage Bankers Association (MBA), the loan application volume is at another low point in our history. The article in Mortgage News Daily titled “Mortgage Application Volume at Lowest Levels Since 1996” in this link provides context. For a related perspective, the article contains a graph, which can be expanded to show mortgage rates and application volume for decades.
Real Estate News
SEPTEMBER 17, 2023
Marcos Martinez loves helping clients find their dream home, but worries the relationship will get more transactional if buyers are forced to pay commissions.
Housing Wire
SEPTEMBER 19, 2023
You’ve found a house for your buyer or a buyer for the home you’re selling. The negotiations were successful, and a deal has been reached. A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Not necessarily. One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water.
Inman
SEPTEMBER 19, 2023
Employees of the trade group demanded the departures of NAR CEO Bob Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and head of HR Donna Gland on Monday.
Eyes on Housing
SEPTEMBER 21, 2023
Existing home sales in August remained at the lowest level since January as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the third consecutive month where the median sales prices exceeded $400,000.
Real Estate News
SEPTEMBER 20, 2023
CRMLS adds CubiCasa floor plan app; Relevate ups offerings to Florida's SCAR; FIABCI-USA adds DO audio tour software; Delta Media Group launches new platform.
Housing Wire
SEPTEMBER 22, 2023
The Consumer Financial Protection Bureau (CFPB) this week announced that it intends to remove medical bills from the credit reports of U.S. consumers. The policy, announced simultaneously by the Bureau online as well as during a press call with reporters led by Vice President Kamala Harris, is designed to “help families financially recover from medical crises, stop debt collectors from coercing people into paying bills they may not even owe and ensure that creditors are not relying on data that
Inman
SEPTEMBER 22, 2023
As younger homebuyers revive an age-old fascination with astrology in the aftermath of the pandemic, agents, designers and astrologers told Inman the stars are aligned for a resurgence.
GoForrmz
SEPTEMBER 21, 2023
If you are filling out your forms on a mobile device, you’ll want to update your GoFormz app to our latest release Consistent look and feel We’ve made improvements to our mobile app, making it easier than ever to fill out and complete your digital forms from your phones and tablets. This update includes interface improvements that provide consistency across our Android, iOS, and Windows apps.
Real Estate News
SEPTEMBER 22, 2023
Companies are built in down markets, and savvy business leaders should take advantage of deals on tech, services and more — right now.
Housing Wire
SEPTEMBER 20, 2023
The Federal Open Markets Committee paused its interest-rate hikes on Wednesday for the second time this year. However, the door remains open for another increase as early as November. Most Fed officials last June had penciled in two more rate rises this year, one in July and one more in the fall. Most investors are already wondering what it would take for the central bank to lift rates again later this year.
Inman
SEPTEMBER 22, 2023
Coach and author Darryl Davis shows you how to get more engagement and create conversations with this autumnal social media marketing plan that's ideal for the season.
GoForrmz
SEPTEMBER 20, 2023
Capture better, thorough data with the enhanced Sketch field When filling out forms in the field that demand crucial information, such as hazards, weather conditions, incidents, and other pertinent details, depending solely on text can prove to be quite challenging in terms of clarity and comprehensibility. This challenge becomes even more problematic when relying on traditional paper forms for documentation, as they may not effectively capture or convey the necessary context.
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