Housing Wire

MAY 15, 2024

Many prospective U.S. homebuyers fear missing out on the perks of owning a home. According to the newest Bank of America Homebuyer Insights Report , 72% of respondents worry about potential rent hikes impacting their finances. The report also reveals growing uncertainty about whether to rent or buy, with 57% of survey respondents unsure if now is a good time to purchase a home, compared to 48% last year.

Buyers 416

Buyers Lending Finance Marketing 416

Appraisal Buzz

MAY 13, 2024

I recall receiving MLS books once a month and being thrilled that a whole new population of sales were available to be considered within the pages of each book. By the time I got the new book, the sales were already a bit dated, and since they were only closed sales – they had actually sold a few weeks to months prior. Each month there was a new book, but every 6 months, there was a combined book with the last 6 months of sales in one bound and printed book.

Appraisal 307

Appraisal Appraisal Process Technology Tools 307

Housing Wire

MAY 14, 2024

Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. Its net earnings were $248 million, compared to a $59 million net loss in Q1 2023. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment.

Insurance 442

Insurance Real Estate Sellers Housing Market 442

Appraisal Buzz

MAY 9, 2024

The average rate for a 30-year fixed-rate mortgage fell to 7.09% this week, down from 7.22% the previous week, according to Freddie Mac’s Primary Mortgage Market Survey. It was the first time in five weeks that mortgage rates decreased. “After a five-week climb, mortgage rates ticked down following a weaker than expected jobs report,” says Sam Khater, chief economist for Freddie Mac, in a statement.

Mortgage 365

Mortgage Sellers Buyers Appraisal 365

Sacramento Appraisal Blog

MAY 14, 2024

Has the spring market peaked? There is a good chance it has. Let’s talk about that today. This post is designed to skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 5/15/24 KW Roseville Event (open to real estate pros) 6/5/24 Marketing Mastermind (register here) 6/6/24 Golden 1 Credit Union (details TBA) 6/11/24 Elk Grove […] The post Has the housing market peaked for the spring?

Housing Market 255

Housing Market Marketing Design Real Estate 255

George Dell

MAY 15, 2024

It is easy to be critical. Harder to be “right.” In order to be really right, it is important to know how to be very critical! Critical thinking is a professional must. Rule #1: Remember that imposing your belief comes first. Rule #2: How you got to your starting position doesn’t really matter. Rule #3: […] The post Get Critical? appeared first on George Dell, SRA, MAI, ASA, CRE.

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Appraisal 195

Eyes on Housing

MAY 13, 2024

As described in a previous post, NAHB recently released its 2024 Priced-Out Estimates showing 103.5 million households are not able to afford a median priced new home and an additional 106,031 households would be priced out if the price goes up by $1,000. This post focuses on the related U.S. housing affordability pyramid, showing how.

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Inman

MAY 13, 2024

Ready to transform the way you communicate your value to clients? Marketing expert Marci James helps you reshape the agent-client relationship by prioritizing clear communication and exceptional results.

Client Relationships 171

Client Relationships Marketing Clients Agents 171

Real Estate News

MAY 9, 2024

Despite a last-minute motion to delay the hearing, the proceedings went on as scheduled, ending buyer agent commissions litigation for the three brokerages.

Brokerage 264

Brokerage Agents Buyers 264

Housing Wire

MAY 15, 2024

Mortgage rates have been slowly dropping recently, which has caught some people off guard. With inflation data that is still higher than the Federal Reserve ‘s target, the recent decrease has left many intrigued. Was it the recent inflation reports or the last batch of labor data that played a significant role in this shift? The Fed’s recent hawkish stance, refraining from rate cuts and advocating for extended higher rate language, adds to the mystery.

Mortgage 415

Mortgage Marketing Housing Market 415

Appraisal Buzz

MAY 15, 2024

Mortgage application volume increased 0.5% during the week ended May 10, as the average rate for a 30-year, fixed-rate mortgage dropped to 7.08%, down from 7.18% one week earlier, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 5% compared with the previous week and were up 7% compared with the same week one year ago.

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Mortgage Inventory Appraisal 195

Eyes on Housing

MAY 13, 2024

High mortgage rates and double-digit growth in home prices since COVID-19 have brought housing affordability to its lowest level in more than a decade. Given this reality, a recent NAHB study on housing preferences* asked home buyers about which specific compromises they would be willing to make to achieve homeownership. For 39% of buyers, accepting.

Buyers 158

Buyers Mortgage 158

Inman

MAY 13, 2024

The lawsuit filed last week alleges that the city of LA took part in "backroom machinations" in order to landmark a house that does not meet criteria for status as a historic cultural monument to "arrange the desired outcome.

Design 170

Design 170

Real Estate News

MAY 14, 2024

Damian Eales told Real Estate News that he loves competition but takes issue with Homes.com’s traffic claims and says they have “disparaged” buyer agents.

Real Estate 216

Real Estate Agents Buyers 216

Housing Wire

MAY 15, 2024

From 2010 to 2024, the reverse mortgage industry sought to allow remote reverse mortgage counseling in the state of Massachusetts, citing an insufficient number of actual counselors and logistical challenges for senior clients. But as time dragged on and state lawmakers seemed unwilling to seriously entertain the proposal, the ravages of the COVID-19 coronavirus pandemic helped to change the dynamics of the situation.

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Logistics Mortgage Law Business 411

Appraisal Buzz

MAY 15, 2024

Today on the Appraisal Buzz, host Hal Humphreys interviews Craig Capilla, Partner of Franklin, Greenswag, Channon & Capilla and one of the leading lawyers representing appraisers for the real estate appraisal industry. Craig tells us a bit about his history in the industry and how he ended up as a lawyer working with real estate appraisers. We also discuss some of the takeaways appraisers can glean from Capilla’s “Mock Trial” session at the ACTS conference this year.

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Real Estate Appraisal 195

GoForrmz

MAY 14, 2024

Originally published on 03/17/2017 Elevate your small business operations with these top form fields and features Operating a small business isn't easy; owners juggle numerous roles and duties typically assigned to a larger team. This perpetual multitasking entails striving to match established competitors and industry giants — a challenging endeavor, particularly when bogged down by manual administrative tasks.

Business 148

Business Modernization Transportation Tools 148

Inman

MAY 14, 2024

Stop worrying that AI will replace you, MoxiWorks' York Baur writes. Start learning to use technology to your advantage by automating low ROI tasks.

Agents 162

Agents Technology Real Estate Agent Real Estate 162

Real Estate News

MAY 13, 2024

Membership numbers defied expectations, while member dues and leadership announcements paint a picture of an association focused on stability.

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Housing Wire

MAY 14, 2024

A report released this week by St. Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025.

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Real Estate Agent Agents Real Estate Buyers 437

Appraisal Buzz

MAY 14, 2024

Demand for vacation-home mortgages fell 40% in 2023 as the average U.S. home price surged to a record high, Redfin reports. Austin and the Bay Area saw the biggest declines in mortgages for second homes in 2023, according to the firm. In total, U.S. homebuyers took out 90,772 mortgages for second homes in 2023, Redfin’s data shows. That’s down 65% from the height of the pandemic housing boom in 2021.

Mortgage 195

Mortgage Buyers Investing Agents 195

Eyes on Housing

MAY 10, 2024

High interest rates and construction costs are the most serious impediments for new multifamily development according to the Q1 2024 NAHB Multifamily Market Survey (MMS).

Development 148

Development Construction Marketing 148

Inman

MAY 9, 2024

The ruling by Judge Stephen R. Bough on Thursday resolves antitrust claims in the Sitzer | Burnett, Moehrl and Nosalek commission cases. However, it won't quash other existing suits from buyers.

Buyers 174

Buyers Brokerage 174

Real Estate News

MAY 15, 2024

Rates have gone up considerably in the past few years, but is the fear of losing a low-rate mortgage really keeping homeowners from selling?

Housing Market 198

Housing Market Mortgage Marketing 198

Housing Wire

MAY 14, 2024

Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America , knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. Financial planners have been, and remain, one of the most sought-after referral partnerships for reverse mortgage professionals to establish ties with.

Finance 427

Finance Insurance Business Investing 427

Appraisal Buzz

MAY 14, 2024

Vikas Rao has joined Dark Matter Technologies as deputy chief product officer. Rao has over 15 years of experience in software engineering, product management and technology leadership spanning public and private companies within the mortgage industry and in Silicon Valley’s startup scene. He previously served as vice president of product management for mortgage origination technology provider Ellie Mae.

Technology 195

Technology Development Mortgage Appraisal 195

Appraiserblogs

MAY 13, 2024

Climbing out of that black hole is nearly impossible. It’s one reason why many appraisers are vacating mortgage lending appraisal assignments. This “discrimination settlement” hit the fan last week in a news feed I get. Another appraiser (in CA) settles a discrimination complaint: Oakland homeowner settles with appraiser, lender after $300,000 lowball appraisal The entire case is based on allegations by the homeowner, who had decided the value of the home was more than the appraised amount, bef

Lending 125

Lending Appraisal Mortgage Modernization 125

Inman

MAY 14, 2024

Take into account the way you like to work, your level of expertise and your desire for collaboration when considering the brokerage model that works best for you and your business.

Brokerage 146

Brokerage Business 146

Real Estate News

MAY 9, 2024

After five weeks of increases, rates pulled back slightly, but rising home prices and record-high mortgage payments continue to hamper affordability.

Buyers 230

Buyers Mortgage 230

Housing Wire

MAY 13, 2024

A recently published report by the Financial Stability Oversight Council (FSOC) identified vulnerabilities at nonbank mortgage servicers that pose risks to financial stability. It recommended increased regulation and initiatives to improve these companies’ liquidity during moments of stress, but mortgage trade groups have different reactions to the proposals.

Finance 445

Finance Government Mortgage Legal 445

Appraisal Buzz

MAY 14, 2024

Mitch Bledsoe has been promoted to chief technology officer for LERETA , which provides real estate tax and flood services for mortgage servicers. Bledsoe, who joined LERETA in 2022, was previously senior vice president of enterprise technology. Bledsoe has more than 20 years of experience in technology management including leading numerous domestic and international teams through successful large-scale product development efforts, legacy modernizations, and the buildout and maintenance of suppo

Technology 195

Technology Modernization Development Design 195

D Fritz Appraisals

MAY 13, 2024

7 Steps to Ensure Your Home Sale Goes Smoothly The real estate market in British Columbia is dynamic and diverse, with bustling urban centers like Vancouver and Victoria alongside picturesque rural communities. Whether selling a cozy condo in the heart of downtown or a sprawling estate in the countryside, having a checklist to sell a house is essential to organizing yourself, maximizing your home’s value, and appealing to potential buyers.

Real Estate 115

Real Estate Buyers Sellers Appraisal 115

Inman

MAY 13, 2024

Movoto may be a familiar name, but under OJO's ownership the brand is quietly embarking on a David-and-Goliath struggle for a place in the portal pantheon.

Technology 158

Technology 158

Real Estate News

MAY 11, 2024

Largest Fort Worth independent chooses Real; New England's Portside Real Estate acquires boutique Maine firm; KW celebrates annual RED Day.

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Brokerage Real Estate 222