Housing Wire

APRIL 23, 2024

The National Association of Realtors (NAR) can breathe a small sigh of relief. The trade group’s nationwide settlement of the commission lawsuits has passed its first hurdle as Judge Stephen R. Bough, who oversaw the Sitzer/Burnett lawsuit , granted preliminary approval to NAR’s settlement on Tuesday. While the agreement still must receive final approval from the court, the industry is now one step closer to operating under the new rules outlined in the settlement agreement.

Realtors 472

Realtors Agents Buyers Legal 472

Appraisal Buzz

APRIL 22, 2024

Let’s get real for a moment. When that email from an AMC hits your inbox, asking for your best fee and quickest turnaround, do you feel that twinge of annoyance? You’re not alone. A lot of folks in our field are downright peeved (and quite vocal) about the whole bidding process. They see it as a race to the bottom, a game where the only winning move is not to play.

Appraisal 347

Appraisal Real Estate Agent Business Real Estate 347

Real Estate News

APRIL 18, 2024

Two U.S. senators are pushing for policy changes that would reduce “exclusionary” zoning regulations and promote local development.

Development 361

Development 361

Inman

APRIL 22, 2024

Sitzer | Burnett plaintiffs on Friday asked the court to preliminarily approve the proposed deal. Brokerages and MLSs that were left out initially will have to take action by June 18 to be covered.

Brokerage 184

Brokerage Realtors 184

Eyes on Housing

APRIL 22, 2024

Green homes go beyond lessening their environmental impact; they also actively mitigate the effects of the environment upon them. All homes can face damage from environmental hazards, prompting builders to implement resiliency practices to reduce such risks. This post will detail the prevalence of resiliency building, specific practices by hazard, as well as resiliency certification.

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142

Housing Wire

APRIL 20, 2024

Housing inventory finally hit my target level of growth last week with mortgage rates now over 7.25% , something I couldn’t get all last year. 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. This is something I talked about last week on Yahoo Finance.

Inventory 504

Inventory New Listings Mortgage Finance 504

Real Estate News

APRIL 19, 2024

This week, Zillow CEO Rich Barton praised Realtor.com CEO Damian Eales’ latest push to educate homebuyers about changes coming to the industry.

Buyers 306

Buyers 306

Inman

APRIL 22, 2024

Matterport's board of directors unanimously approved the deal, which will be finalized later this year. CoStar purchased its outstanding stock for $5.50 per share, reflecting a value of $1.6 billion.

Brokerage 190

Brokerage Agents 190

Eyes on Housing

APRIL 18, 2024

Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median wage is $48,060, while the top.

Construction 158

Construction 158

Housing Wire

APRIL 21, 2024

California Association of Realtors CEO John Sebree has departed the trade organization. In an announcement on Saturday, CAR said that Sebree was resigning to “pursue other opportunities. “On behalf of CAR’s leadership team and the Board of Directors, I’d like to thank John for his contributions and service as CEO and State Secretary for our organization.

Realtors 479

Realtors Real Estate Business Agents 479

Appraisal Buzz

APRIL 17, 2024

Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Compared with the same week one year ago, applications for purchases were up 6%. Applications for refinances increased 0.5% compared with the previous week and were up 11% compared with the same week one year ago.

Mortgage 361

Mortgage Appraisal 361

Real Estate News

APRIL 19, 2024

Active listings are back to pre-pandemic levels, but home prices — and home insurance costs — keep going up, creating a tough market for buyers and sellers.

Inventory 276

Inventory Insurance Sellers Buyers 276

Inman

APRIL 22, 2024

The Utah-based disruptor "moved our real estate agents from W2 to 1099" while other "non-Homie" agents were laid off last week due to "role redundancy," a Homie spokesperson confirmed to Inman.

Brokerage 190

Brokerage Real Estate Agent Agents Real Estate 190

Eyes on Housing

APRIL 17, 2024

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want.

Buyers 156

Buyers 156

Housing Wire

APRIL 22, 2024

Do you remember the last time you received a letter in the mail, in an envelope, that was hand-addressed to you? People remember snail mail simply because we don’t receive much of it. Emails are easily forgotten, end up in the spam folder, or are never opened at all — but a letter in the mail ensures you occupy your audience’s mindshare for much longer.

Real Estate 435

Real Estate Open Houses Brokerage Real Estate Agent 435

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?

Valuation 293

Valuation Appraisal Housing Market Marketing 293

Real Estate News

APRIL 18, 2024

No rate relief is expected soon, and home prices are also setting records this spring, suppressing existing home sales.

Mortgage 315

Mortgage 315

Inman

APRIL 22, 2024

As the real estate industry continues to evolve, embracing the transformative potential of AI and blockchain technology to gain a competitive edge.

Real Estate Agent 209

Real Estate Agent Real Estate Agents Technology 209

Appraiserblogs

APRIL 23, 2024

“FNMA’s collateral underwriter tool has a line item adjustment it makes on every comparable called Census Block Grid.” In a recent discussion within the comments section of an article titled ‘The Censorship of Appraisers,’ appraiser Spencer Paul shared a concerning statement from an underwriter about an adjustment made by Fannie Mae’s Collateral Underwriter tool.

Tools 116

Tools Modernization Home Value Appraisal 116

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. To go deeper into the company’s renewed efforts in the space, RMD sat down with Krajewski and US Mortgage Corporation President Scott Milner about the groundwork the company is laying in the reverse space today, and what it hopes to achieve

Mortgage 412

Mortgage Loan Officers Investors Business 412

Appraisal Buzz

APRIL 23, 2024

New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3% compared with March 2023, according to estimate from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The median sales price of a new home sold in March was $430,700. The average sales price was $524,800.

Mortgage 195

Mortgage Inventory Development Finance 195

Real Estate News

APRIL 20, 2024

The Supreme Court passes on a chance to weigh in, objections pile up, and Fannie and Freddie say it’s all right to exclude commissions from seller concessions.

Sellers 252

Sellers 252

Inman

APRIL 22, 2024

Anxiety around commissions leaped to the top of the worries brokerage leaders face, pushing down concerns around inventory and competition, according to Inman Intel Index survey results.

Real Estate 180

Real Estate Brokerage Inventory Agents 180

Advanced Appraisal

APRIL 17, 2024

We are located in the Mokena area but some of our prime service areas is the Lincoln-Way areas as a whole, from Frankfort to Manhattan, we are very active in Residential, Land and some Small Commercial to Industrial.

Real Estate 128

Real Estate 128

Housing Wire

APRIL 23, 2024

Guaranteed Rate made two significant executive appointments, the Chicago -based mortgage lender announced on Monday. CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending. Rose will be in charge of recruiting top talent, individuals, groups and companies throughout the industry.

Loan Officers 415

Loan Officers Real Estate Brokerage Business 415

Appraisal Buzz

APRIL 23, 2024

Mortgage industry veteran Kurt Raymond, CMB, has joined Informative Research as senior vice president and borrower journey engineer. Raymond co-founded mortgage industry consulting firm Excelerate Advisors and serves as owner and founder of KATANTCO2, specializing in connecting small and emerging companies to other mortgage industry entities. He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, train

Lending 195

Lending Training Design Tools 195

Real Estate News

APRIL 20, 2024

Real nabs top Chicago team; Rabbitt Group forms at Corcoran Reverie; Baltimore indie joins C21; Oklahoma firm signs on with BHGRE; Sotheby's opens in Poland.

Brokerage 246

Brokerage 246

Inman

APRIL 20, 2024

Event planning is about more than space and catering. Let Liane Dutton guide you through developing an effective call to action and measurable outcomes to ensure recruiting success.

Development 189

Development Brokerage Agents Marketing 189

Appraiserblogs

APRIL 18, 2024

…whether through redlined maps or implicit “one-mile rule,” the result can be undervalued properties in historically marginalized neighborhoods. Throughout the history of mortgage banking and lending in the United States, underwriting policies have significantly influenced the appraisal process for home purchases and refinances. Appraisers must follow underwriter appraisal review guidelines meticulously to ensure their appraisal reports are accepted by the lender.

Modernization 120

Modernization Appraisal Process Appraisal Finance 120

Housing Wire

APRIL 22, 2024

Last week, Keller Williams was named to an additional class-action lawsuit, which also takes issue with alterations made to the brokerage’s profit-sharing program. In the past few weeks, 12 agents formerly affiliated with Keller Williams — Jerri Moulder, David Bueker, Robert Hill, Kevin Ortiz, Edward Fordyce, Paul Davis, Penny Alper, Jana and Dennis Caudill, Eric Mendoza, Jack Levine and John Exnicios — took legal action against the real estate brokerage by filing a host of class-action lawsuits

Agents 431

Agents Brokerage Legal Real Estate 431

Appraisal Buzz

APRIL 22, 2024

Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs ’ e-closing platform are 18 days faster than industry peers across the loan production timeline—from loan application through delivery to the secondary market. The research is based on self-reported performance data from over 150 mortgage lenders. It shows that lender participants using the Snapdocs e-closing platform averaged only 41.1 days from application to closing and 11 days from closing to shipping—a 26% overa

Mortgage 195

Mortgage Appraisal Marketing 195

Real Estate News

APRIL 17, 2024

Get answers to the big questions on everyone's mind: What will happen with inventory and mortgage rates — and will the NAR settlement impact the market?

Housing Market 262

Housing Market Marketing Inventory Mortgage 262

Inman

APRIL 18, 2024

Existing-home sales retreated 4.3 percent between February and March to a seasonally adjusted annual rate of 4.19 million, according to data released Thursday by the National Association of Realtors.

Realtors 187

Realtors Marketing 187

Eyes on Housing

APRIL 18, 2024

After reaching the 12-month high last month, existing home sales retreated in March due to lingering high mortgage rates, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the ninth consecutive month of year-over-year median sales price increases.

Realtors 115

Realtors Inventory Mortgage 115