Housing Wire
APRIL 24, 2024
The rental segment has been marked by strong demand and looks to continue on this trajectory given mortgage rates that continue to hover around 7% and record property prices across many U.S. regions. In spite of some slowdown, rents have continued to appreciate, being nearly 30% higher than prior to the pandemic, with February levels up 3.5% as compared to the previous year.
Appraisal Buzz
APRIL 24, 2024
Today, host Hal Humphreys chats with Jason Ferris, MAI, SRA and owner of Bell Ferris, Inc. Ferris discusses his background in the industry and his experience with Short Term Rentals. It seems like bringing up Short Term Rental valuation is the quickest way to start a fight on social media. Why is there such wild variance of opinions on how to handle these?
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Housing Wire
APRIL 24, 2024
Few cities have benefited as much from the recent trend of Americans increasingly moving south as Dallas. The Dallas-Fort Worth-Arlington metro area had the largest increase in population count between 2021 and 2022 of any metro area in the country, adding more than 170,000 people , according to the U.S. Census Bureau. That’s a lot of new Texans in a state that already has three of the nation’s 10 largest cities.
George Dell
APRIL 24, 2024
Biased thinking, biased analysis — a part of the appraisal process? The Appraisal Institute is starting to address some bias-related critical issues — head on. Cindy Chance, the CEO of the AI, in her recent posts noted the role of human bias as a natural phenomena of the survival of the species. She cited the […] The post Biased Unbiasedness?
Housing Wire
APRIL 24, 2024
Two former New Jersey -based mortgage loan originators have been charged with conspiracy to commit bank fraud by the U.S. Attorney’s Office, District of New Jersey according to an announcement by the U.S. Department of Justice (DOJ) and U.S. Attorney Philip Sellinger. Christopher Gallo has been noted as a top-producing loan originator, at one point being Scotsman Guide ‘s fourth-ranked LO in the country.
Real Estate News
APRIL 24, 2024
At the T3 Leadership Summit, Rich Barton discussed what’s in store for Zillow and the industry — and encouraged the audience to “resist the urge to chaos.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
APRIL 24, 2024
The court approved an April 19 request filed by the Gibson and Umpa plaintiffs to merge the lawsuits, which were both under the purview of Judge Stephen Bough.
Housing Wire
APRIL 24, 2024
Figure Technology Solutions , the parent company of Figure Lending LLC , named Michael Tannenbaum as its new CEO, the company announced on Tuesday. Tannenbaum will also be a member of the board of directors. Meanwhile, Mike Cagney, the company’s co-founder and previous CEO, will continue to serve as executive chairman of the company. “With its proven ability to develop cutting-edge technological solutions to streamline the HELOC lending process, Figure has cemented itself as one of the most exci
Real Estate News
APRIL 24, 2024
The brokerages are the first to settle following preliminary approval of the NAR agreement by a Missouri judge earlier this week.
Housing Wire
APRIL 24, 2024
Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. ”Your interest rates are going to be higher for longer ,” he said. ”This year will look a lot like last year. Next year is going to look a lot like this year.
Real Estate News
APRIL 24, 2024
Awards recognize residential real estate brokerage sites for excellence in website design, functionality and performance.
Housing Wire
APRIL 24, 2024
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced new initiatives to bolster community protections against severe heat, an issue that has become more common nationwide. “For the first time in its history, HUD published a webpage on Extreme Heat that serves as a hub highlighting actions communities can take to prepare and respond to extreme heat events and available resources to help fund climate resilience projects,” the department said.
Inman
APRIL 24, 2024
Agent optimism over future buyer pipelines fell from 44 percent before the deal to 27 percent afterward — one of the starkest monthly shifts in sentiment that Intel has recorded in the last year.
Housing Wire
APRIL 24, 2024
Another brokerage has decided to settle the commission lawsuits. Chicago-based At World Properties , which own @properties and Christie’s International Real Estate , has agreed to settle the nationwide class-action antitrust claims brought by home sellers. According to the firm, the settlement agreement covers all company-owned brokerages including all those under the @properties, Christie’s International Real Estate, Ansley Real Estate and Sereno brands, as well as independently owned brokerage
Inman
APRIL 24, 2024
Buyers and sellers are confused about the new rules of the road. Trainer Bernice Ross and Jeff Lobb discuss how agents can change up the conversation and add clarity and confidence.
Housing Wire
APRIL 24, 2024
Seniors could choose to employ home equity through a reverse mortgage or other equity-tapping product to manage a series of expenses in retirement , but when it comes to managing their tax burden , it can get more complicated. Steve Resch, vice president of retirement strategies at industry-leading lender Finance of America Reverse (FAR), told Financial Advisor that the utility can vary when it comes to tax savings.
Inman
APRIL 24, 2024
Each month, the trade group publicly reports the size of its ranks and other data on its official website. But as recently as this month, state-by-state and national data is nowhere to be found.
Housing Wire
APRIL 24, 2024
The Consumer Financial Protection Bureau (CFPB) on Wednesday released a new edition of its Supervisory Highlights publication, which includes the agency’s actions to combat what it calls “ junk fees charged by mortgage servicers , as well as other illegal practices.” Examinations conducted by the bureau found mortgage servicers levied charges it deems “illegal,” including prohibited property inspection fees, the issuance of “deceptive” notices to borrowers, and violations of loss-mitigation rule
Eyes on Housing
APRIL 24, 2024
NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by VA loans climbed substantially in the first quarter of 2024, while all-cash sales share fell by nearly 30%. However, the median purchase price of homes bought with cash continued to increase in.
Housing Wire
APRIL 24, 2024
Pennymac Financial Services earned a profit of $39.3 million in the first quarter of 2024, the California -based multichannel lender and servicer announced Wednesday. The company’s pretax gain in the first quarter was $43.9 million. That was less than the $38.1 million figure it posted during the same period last year but a significant improvement from the pretax loss of $54.2 million it incurred in fourth-quarter 2023.
Inman
APRIL 24, 2024
Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow.
Housing Wire
APRIL 24, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. While the real estate industry is forever in flux, one constant is that it’s a relationship business. One of the biggest challenges for agents is finding new clients and staying top-of-mind until they are ready to buy or sell.
Inman
APRIL 24, 2024
Conrad Miller shares what the right brokerage can do for your professional growth and personal satisfaction at every stage of your real estate career.
Housing Wire
APRIL 24, 2024
Multichannel lender American Financial Resources (AFR) appointed Michael Brenning as its head of production and Brian Collins to the role of executive vice president of capital markets, the company announced Tuesday. Brenning will be responsible for driving loan volume growth and enhancing sales productivity. Most recently, he served as the president of Fairway Central at Fairway Independent Mortgage Corp.
Inman
APRIL 24, 2024
Two years after taking the helm, California Association of Realtors CEO John Sebree has stepped down from his post. His resignation went into effect immediately, with C.A.R. subsidiary Real Estate Business Services (REBS) CEO Debra Ferrier taking over as interim CEO as the Association launches a nationwide search for a new leader.
Housing Wire
APRIL 24, 2024
Florida -based wholesale lender A&D Mortgage appointed Satish Vishwakarma to the role of servicing manager, the company announced on Tuesday. In this new role, Vishwakarma will be responsible for overseeing the day-to-day operations of the mortgage servicing department. He will ensure the successful management of mortgage servicing teams while leading efforts to streamline operations, enhance quality and reduce costs.
Inman
APRIL 24, 2024
Demand for some of the most exclusive luxuries remains, even as the city of San Francisco itself grapples with plunging home prices and an all-time high in office vacancies.
Housing Wire
APRIL 24, 2024
As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that task is made simpler. The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lend
Inman
APRIL 24, 2024
Requests for purchase loans were down 1 percent week over week and 15 percent from a year ago, according to the latest Mortgage Bankers Association survey.
Housing Wire
APRIL 24, 2024
Judge Stephen R. Bough ruled Tuesday that the Umpa and Gibson commission lawsuits can consolidate. “The Court finds that consolidation is appropriate given that the instant case and Gibson, et al. v. National Association of Realtors , et al., involve common questions of law and fact, consolidation will conserve judicial resources and promote efficiency, and consolidation will not cause undue delay, confusion, or prejudice,” Bough wrote in his ruling.
Inman
APRIL 24, 2024
Mortgage lenders using AskMax no longer need to be database engineers. They can ask for — and receive — business intelligence in plain English.
Housing Wire
APRIL 24, 2024
Hilary Saunders speaks at The Gathering by HousingWire on Monday, April 22. Photo credit: AJ Canaria Hilary Saunders , the co-founder and chief broker officer at Side , sees the current challenges facing the real estate industry as yet another opportunity for brokerage models to further evolve. “I think what we are definitely going to see is a fall-off of the old way of doing things,” Saunders told attendees at HousingWire ’s The Gathering.
Inman
APRIL 24, 2024
Share your back-in-the-saddle, boots-on-the-ground perspectives now that NAR's settlement has received preliminary approval.
Birmingham Appraisal
APRIL 24, 2024
Birmingham Real Estate Market Update: First Quarter 2024 vs 2023 The first quarter of 2024 is now under our belts so this week I’ll be taking a look at how Q1 of 2024 compared to Q1 of 2023. The big story for 2024 is interest rates, and as of the writing of this post, rates have been in the 6-7% range for approximately 20 weeks. Most believed that going into 2024 we would have seen rate drops before now, however, this has not happened.
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