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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

One top question he addresses is how the industry is reacting to this savagely unhealthy housing market. HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? This Q&A was hosted in the HW+ Slack channel, which is exclusively available to members.

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Risk of mortgage fraud is on the rise in the current market

Housing Wire

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. month over month.

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Knock reverses course on loan officer pay cut

Housing Wire

Founded in 2014 by Black, a founding member of real estate listings site Trulia , Knock helps consumers bid on a new home by fronting a cash offer. It began 2021 in 14 markets and is now in 70. More broadly, the mortgage refinancing gravy train has skidded off the tracks for several lending companies.

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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. And today, unlike many other mortgage lenders, we reenter the residential mortgage origination market without any legacy challenges.”.

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Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

At the local level, she assumed the role of President for the North Shore Realtors in 2013 and received the Realtor of the Year award in both 2014 and 2018. She has held positions on the Executive Committee and the Board of Directors and has served as the Government Affairs Committee Chair for the Massachusetts Association of REALTOR®.

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Rechat CEO Shayan Hamidi on keeping up with the furious pace of AI

Housing Wire

It became one of the fastest-growing brokerages at the time in Canada, and then I sold that in 2014, and moved to the U.S. You see very little production-grade products out there, because it’s very expensive and hard to train the models to get them to do what you want to do. But it truly is day zero.

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Pending home sales shock 2021 housing crash bears

Housing Wire

I can tell you that these people don’t have the training to read housing or economic data correctly. Last week, I wrote about how the existing home sales markets outperformed my peak sales range in the past two sales reports. When inventory rises and more supply is on the market, this means demand is fading.

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