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Mortgage rates continue to stay low at 2.73%

Housing Wire

Recent data from mortgage software firm LBA Ware revealed that total funded loan volume by LOs in Q4 2020 increased 106% from the fourth quarter of 2019. That’s a 63% increase and a whopping million dollars more per person than seen in Q4 2019. Strategies lenders should adopt from direct to consumer lending.

Mortgage 542
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Q4 BrokerPulse: Commission lawsuits spur proactive changes for real estate brokers

Housing Wire

As the commission lawsuits heat up, real estate brokers are gearing up to add buyer representation agreements and training, cut costs and hone value propositions, according to RealTrends Q4 2023 BrokerPulse survey. Only 1% of respondents say they are restructuring their compensation model.

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What to do about the appraiser shortage

Housing Wire

The appraisal workforce was already in decline in 2019. Mentor appraisers have begun letting their apprentices go earlier and earlier in the training process, Reese said, simply due to financials – the mentor isn’t make as much money on a job if a trainee is with him. What a two-year stretch it has been for appraisers.

Appraisal 424
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Why home-price growth is still up 18% year over year

Housing Wire

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. I have documented the history of these housing price crash addicts for a decade now. Housing inventory issue with no booming demand.

Inventory 381
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As title insurance volume shrinks, workers take on more tasks

Housing Wire

The last two years was like drinking from a fire hose and we’re back to more like 2019 levels right now,” David Townsend, the president and CEO of Agent’s National Title , told attendees listening to PropLogix’s State of the Title Industry report webinar Thursday afternoon.

Insurance 362
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Housing starts and permits ruin Christmas for housing bears

Housing Wire

From 2008-2019, my premise for housing was that we would see the weakest housing recovery ever and that housing starts wouldn’t start a year at 1.5 We are finally here on schedule, which means that the low bar that housing enjoyed from 2008-2019 is also gone. Housing starts from Census: Privately?

Training 471
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Lamacchia Realty’s Leominster Office Achieved 35% Growth in 2021

Lamacchia Realty

While the housing market in 2021 had its challenges, our Leominster REALTORS® showed they are unstoppable! "I Since the office opened in May of 2019 we have continued and will continue to grow at a fast pace. When the Leominster office first opened in 2019 , it took the city of Leominster by storm and quickly rose to the top.

Realty 63