Housing Wire

FEBRUARY 4, 2024

For the Fed to cut rates in March, we would need weaker labor data, no matter how low inflation goes in the next report. Here’s part of the interview on 60 Minutes that illustrates what I’m talking about: Scott Pelley: But inflation has been falling steadily for 11 months. What about housing? You’ve avoided a recession.

Housing Market 489

Housing Market Marketing Mortgage Construction 489

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. We got one big existing home sales report, and then as rates rose, sales fell the rest of the year.

Inventory 473

Inventory Housing Market New Listings Buyers 473

Housing Wire

APRIL 20, 2024

Of course, what is different this year versus last year is that new listing data is growing yearly instead of trending at the lowest levels recorded in history. Also, the Fed’s main inflation report, the PCE inflation data, will be released on Friday, so it should be a wild day. We need this to happen to get balance in housing.

Inventory 470

Inventory New Listings Mortgage Finance 470

Housing Wire

FEBRUARY 29, 2024

Sarah Wheeler: What differentiates your technology? And that’s what we focus on. And we’ve built a reporting engine we affectionately call queen bee reporting. SW: How do you know what the “right” content is? SW: What are some use cases of the formula for engagement?

Real Estate 368

Real Estate Agents Technology Business 368

Housing Wire

APRIL 8, 2024

The comments follow a Hunterbrook Media report from last week stating that UWM pressures brokers to send loans its way, resulting in higher costs to customers. “We think the premise of the thesis is misplaced,” Eric Hagen and Jake Katsikas wrote in the company’s weekly mortgage finance roundup.

Loan Officers 293

Loan Officers Business Mortgage Brokerage 293

Housing Wire

JANUARY 22, 2024

Dave’s decision to bring PREMIERE to Real is a monumental testament to the Real model and what our company offers top teams,” Sharran Srivatsaa, the president of Real, said in a statement. “In In Q3 2023 , the firm reported a 92% annual gain in revenue to $214.6 Keener’s teamerage was ranked No. million.

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Brokerage Agents Realty Clients 418

Housing Wire

MARCH 8, 2024

Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. The key labor data line in this expansion is the weekly jobless claims report. Even with the massive miss on a job report in May 2021, I didn’t waver. Bureau of Labor Statistics reported today.

Marketing 481

Marketing Mortgage Transportation Insurance 481

Housing Wire

FEBRUARY 28, 2024

The watchdog group reached this conclusion in a report released Tuesday, in which the group examined 43 different contracts from 37 states, with most of the sample contracts coming from state or local Realtors associations. The report was authored by CFA senior fellow Stephen Brobeck.

Buyers 350

Buyers Contracts Agents Realtors 350

Housing Wire

FEBRUARY 2, 2024

Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates higher today. Even with the massive miss on a job report in May 2021, I didn’t waver. On to the report. Bureau of Labor Statistics reported today.

Mortgage 359

Mortgage Retail Marketing Business 359

Housing Wire

MARCH 11, 2024

We just no longer felt that it was the best brokerage for what we are building.” For years I discounted Real, but once I took my eXp jersey off and looked at things objectively, and asked what the best place for our people and our agents is, the answer was overwhelmingly Real,” Brohm said. million net loss it reported in 2022.

Agents 432

Agents Brokerage Realty Real Estate 432

Housing Wire

AUGUST 4, 2023

What do I mean by a make-up demand in labor? Currently, we are at 156,342,000, which means we are a few jobs reports away from getting into that make-up range. Bureau of Labor Statistics reported today. Let’s look at the report’s internals, where we gained and lost jobs, and why mortgage rates fell today.

Mortgage 328

Mortgage Insurance Government Marketing 328

Housing Wire

APRIL 26, 2024

That’s according to a pair of reports released Thursday by Redfin. Redfin reported that among the 10 U.S. Listings in Cape Coral were spending a median of 31 days on the market longer than in March 2023 — the largest increase in the nation, Redfin reported. from 2018 to 2023.

Housing Market 285

Housing Market Marketing Insurance Sellers 285

Housing Wire

FEBRUARY 5, 2024

Mortgage rates took a sharp turn following a blowout jobs report , which demonstrated that the U.S. Fed Chair Jerome Powell’s message that the central bank will move carefully on rate cuts, given in an interview with “60 Minutes” after last week’s Federal Open Market Committee (FOMC) meeting, is what sent mortgage rates higher on Monday.

Mortgage 452

Mortgage Investors Marketing 452

Housing Wire

APRIL 25, 2024

Anywhere Real Estate felt the brunt of the challenging housing market again in the first quarter of 2024 as the company reported a loss of $101 million during the three-month period. Anywhere Brands and Anywhere Advisors each reported a 7% increase in their average home sale price, inching up to $470,119 and $709,506, respectively.

Housing Market 311

Housing Market Realty Brokerage Technology 311

Housing Wire

JANUARY 16, 2024

So, with my modest experience in such matters let me comment on what I read in these motions. I want to express what readers should know. So, while I make no claim as to the specific deep legal issues, I have some familiarity of antitrust actions and more in the conduct of legal actions in a courtroom. That is how they got to $1.8

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Agents Law Sellers Legal 336

Appraisal Buzz

MARCH 14, 2022

Post submission of an appraisal report ordered by an AMC for lending purposes, a quality control check of the report will be completed. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender. The lender will run the report through automated underwriting and may have a QC process of their own.

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

MARCH 22, 2024

Agents are educating their buyers as to how real estate functions, and what a transaction and what representation looks like, but they should have been doing that years ago. They know what to look for and if they don’t see it, they’ll ask for it,” Sax said. “At At the firm level, we have file reviewers who work off a checklist.

Buyers 464

Buyers Contracts Real Estate Agents 464

Housing Wire

NOVEMBER 30, 2023

Here’s what homebuyers and sellers can expect in 2024, according to Bright MLS: Mortgage rates will fall, ranging between 6% and 6.5% Home sales are poised to remain low during the first quarter of 2024, according to the report. for much of the year before reaching 6.2% by the year’s end. Existing-home inventory will grow to 1.3

Buyers 436

Buyers Housing Market Sellers Inventory 436

Housing Wire

FEBRUARY 20, 2024

HousingWire: What should lenders consider in 2024 for collateral risk? The benefit of reducing the number of full appraisals required is that, when we do get an appraisal, we can push for a higher quality and more accurate report. Lenders should be careful with trying to enforce appraisal quality after they get a report back.

Modernization 361

Modernization Tools Appraisal Technology 361

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. Bureau of Labor Statistics reported today. Even in 2021, when job reports missed badly, I doubled down on my premise. percent, the U.S.

Housing Market 472

Housing Market Marketing Mortgage Retail 472

Housing Wire

OCTOBER 16, 2023

” In a webinar last week with NAR’s Deputy General Counsel Lesley Muchow, she notes that if the plaintiffs are successful, “We will be forced back into the 19th century or what we see as the Wild West where unscrupulous people can regularly defraud clients. .” ” What’s at stake?

Buyers 451

Buyers Brokerage Agents Realtors 451

Housing Wire

APRIL 5, 2024

Today’s jobs report beat estimates , but the internals show the labor market is softening, as the Federal Reserve wants. The 10-year yield has had a wild ride today, but now is an excellent time to look at my macro take on the labor market and explain what the Fed is looking for with the jobs data. percent, the U.S.

Marketing 437

Marketing Mortgage Construction Government 437

Housing Wire

OCTOBER 4, 2023

According to reporting from the Wall Street Journal, such plans — typically used for those who have no other options in securing home insurance — are increasingly becoming the first or only choice for homeowners who have been left to pick up the pieces following their original carrier’s exit from their coverage area.

Insurance 374

Insurance Design Marketing Real Estate 374

Housing Wire

MAY 23, 2023

Mortgage tech company Blend has launched a soft credit inquiry function for lenders at a time when the industry is facing higher credit report fees. In some cases, the costs have increased by four to five times what they were previously. Credit bureaus and Fair Isaac Corp. According to FICO, it charges a royalty of about $0.60

Finance 354

Finance Mortgage Technology 354

Housing Wire

NOVEMBER 25, 2023

The question now is what will inventory look like in the spring if mortgage rates keep falling? No more excuses if this happens again, hence why reading the weekly tracker reports is a good thing. We also have the Federal Reserve ’s favorite inflation report coming out Thursday with jobless claims. Then we have jobs Friday.

Inventory 523

Inventory Mortgage New Listings Buyers 523

Housing Wire

JANUARY 20, 2024

I have been waiting for years for a standard inventory data line to start the year, and so far that’s what I’m seeing. This is not what we’re seeing now, as home sales aren’t crashing like they did in 2022. We just had the existing home sales report that showed a month-to-month decline. So far, so good in 2024.

Inventory 537

Inventory Mortgage New Listings Sellers 537

Housing Wire

APRIL 11, 2024

In a report published on Sunday, the KBW analysts noted that they believe the DOJ, which has already made its desire for an end to cooperative compensation publicly known , will take issue with the off-MLS compensation workaround made possible by the terms of NAR’s settlement agreement.

Real Estate 395

Real Estate Law Realtors Legal 395

Housing Wire

MARCH 10, 2023

This week, the Community Home Lenders of America (CHLA) released a special report entitled “The Ubiquity of IMB Regulation.” This report is important to independent mortgage banks (like Atlantic Bay Mortgage ) that are increasingly dominating mortgage markets and leading the market in serving minority and underserved borrowers.

Mortgage 328

Mortgage Business Insurance Marketing 328

Housing Wire

MARCH 10, 2023

What a week this has been for the housing market , from the fireworks of Fed Chair Jay Powell’s Congressional testimony to an attempt to break over a critical line on the 10-year yield. Bureau of Labor Statistics reported today. What the Fed wants is for the wage growth data on a year-over-year basis to head much lower and stay there.

Mortgage 371

Mortgage Housing Market Transportation Marketing 371

Housing Wire

FEBRUARY 22, 2024

Focusing first on her office’s oversight work, Oliver Davis said that any audits, reviews or investigations her office takes on are primarily driven by what are identified as the most significant risks to the HUD portfolio. In recent years, the total number of participants in the HMBS program has steadily declined,” the report said.

Government 342

Government Mortgage Investors Finance 342

Housing Wire

OCTOBER 20, 2023

What about the MLSs? What it leaves out is the value that MLSs bring to the participants in the market, both real estate professionals and consumers. The repeated challenges from all three forms of litigants show that what they seek, they will not get. I am repeating myself but bear with me. Some say the MLS enables U.S.

Real Estate Agent 417

Real Estate Agent Real Estate Brokerage Agents 417

Housing Wire

JUNE 16, 2023

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Department of Housing and Urban Development (HUD)’s Office of the Inspector General (OIG). “[The]

Insurance 332

Insurance Mortgage Development 332

Housing Wire

NOVEMBER 13, 2023

We are continuing to investigate precisely what information was exposed. Mr. Cooper advises customers to report any unusual activity to their financial institution and update their passwords frequently to prevent any potential fraud. Cooper had 4.3 million customers by the end of Sept.

Investors 342

Investors Technology Business Mortgage 342

Housing Wire

OCTOBER 26, 2023

Report examined Stefan Swanepoel, the author of the infamous NAR D.A.N.G.E.R. Report , was next to take the stand. During his testimony, Swanepoel discussed how the report was created with 72 industry voices. The report, he said, is neutral and does not reflect his personal opinions. The D.A.N.G.E.R.

Buyers 361

Buyers Sellers Agents Law 361

Appraisal Buzz

NOVEMBER 15, 2021

Aside from all of these being myths, you should realize what message that sends. We’re powerless as appraisers, stuck in a box, and don’t have the autonomy to do what might need to be done in a unique situation. What use are you anyway? The report is not the appraisal. I can’t use it because it’s too far.

Appraisal 435

Appraisal Valuation Finance Clients 435

Housing Wire

APRIL 18, 2024

Editor in Chief Sarah Wheeler sat down with Ike Suri, chairman and CEO of FundingShield, to talk about rising fraud risks, what keeps him up at night, and why AI is still far from helpful in his business of protecting clients. There are so many different angles of what affects the market at any given time. What’s the latest here?

Technology 292

Technology Business Agents Lending 292

Housing Wire

OCTOBER 18, 2023

The second day of the trial for the Sitzer/Burnett bombshell class action buyer broker commission class action lawsuit included plenty of insights into how the plaintiffs are approaching what is expected to be a battle royal. I reported the numbers and walked off the stage.” I do believe training is essential.”

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Agents Training Real Estate Real Estate Agent 412