Trending Articles

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Figure Technology Solutions takes another step to become public

Housing Wire

Figure Technology Solutions (FTS), the parent company of Figure Lending LLC , took another step this week to become a public company, just one week after announcing a reorganization of its enterprise structure. On Wednesday, the company said it “has confidentially submitted a draft registration statement” with the U.S. Securities and Exchange Commission (SEC) regarding the proposed initial public offering of its equity securities.

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Climate Change: What it Means for the Mortgage Industry

Appraisal Buzz

In this week’s episode, host Hal Humphreys speaks with Toni Moss, CEO of AmeriCatalyst LLC and Speaker on Climate Change and its effects on the mortgage industry. Moss discusses her experience in the real estate industry, her research and findings on extreme climate conditions, and how these impact home insurance, mortgages, and real estate at large.

Mortgage 359
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Keller Williams faces three lawsuits tied to its profit-sharing program 

Housing Wire

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L. Bueker and Robert E. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. The lawsuits contest alterations made to Keller Williams’ profit-sharing program, with one of them seeking a court order to halt further payouts until the case concludes.

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Do appraisers deduct value if there are concessions?

Sacramento Appraisal Blog

It’s been a heated week of conversation in light of the NAR lawsuit, and one part that feels misunderstood or even controversial is how appraisers might handle concessions ahead. Let’s talk about it. Any thoughts? UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 […] The post Do appraisers deduct value if there are concessions?

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A New Appraisal Approach?

George Dell

“A new valuation modeling paradigm” are the words used by the late Dr. Marv Wolverton. He is the author of the Appraisal Institute’s book on statistics for appraisers. He created the term in a response to my peer-reviewed Appraisal Journal article: “Common Statistical Errors and Mistakes: Valuation and Reliability.” The article itself can be summed […] The post A New Appraisal Approach?

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‘NAR’s days are numbered’: Ben Belack of ‘Buying Beverly Hills’

Inman

The Agency's Ben Belack shares his thoughts on NAR settlement news, the current industry landscape and the American Real Estate Association ahead of Season 2 of the popular Netflix real estate reality TV show.

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Existing Home Sales Surge to One-Year High in February

Eyes on Housing

Despite the rising mortgage rates witnessed in February, existing home sales continued to improve and climbed to a 12-month high, according to the National Association of Realtors (NAR). However, low resale inventory and strong demand continued to drive up existing home prices, marking the eighth consecutive month of year-over-year median sales price increases.

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[Webinar] GoFormz Office Hours: Discover the Latest Updates (April 2024)

GoForrmz

Join the live GoFormz Office Hours webinar all about the latest GoFormz features and what’s coming soon. Live on April 9th, 2024, at 11:00 AM PT / 2:00 PM ET, the GoFormz team is happy to share with you all the latest updates to the GoFormz platform. Hosted by VP of Product, Kelsey Griswold, and GoFormz Marketing Manager, Victoria Horn, you’ll get in-depth feature walkthroughs, a sneak peek at the newest features coming soon, and a live Q&A session to cover any GoFormz questions you have.

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Former Keller Williams agents sue over profit share changes

Inman

One of the class-action suits seeks $250 million in damages while the other is asking the court for a preliminary injunction stopping Keller Williams from distributing profit share payments.

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FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). Over the course of 2023, the government-sponsored enterprises (GSEs) completed 192,897 foreclosure prevention actions. This brought the total to 6.905 million since the start of the GSE conservatorships in September 2008, the FHFA foreclosure prevention and refinance report showed.

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Truv Verifications Soon to be Available Through Fannie Mae’s Desktop Underwriter

Appraisal Buzz

Truv , a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter (DU) validation service. After final approval, which is expected later this year, Truv’s consumer-permissioned platform will be able to obtain and transmit income and employment data through the DU validation service, the company says in a release.

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State Level Employment Situation: February 2024

Eyes on Housing

Nonfarm payroll employment increased in 43 states and the District of Columbia in February compared to the previous month, while seven states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 275,000 in February, following a gain of 229,000 jobs in January.

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Customer Story: Takitimu North Link

GoForrmz

“ Over the last two years, it’s been nothing but great for us. GoFormz makes everything easy, straightforward, organized, and consistent. ” — Blayn Fenwick, Environmental Advisor, Takitimu North Link About Takitimu North Link Project The Takitimu North Link Project a Waka Kotahi NZ Transport Agency Project, under construction in Tauranga, New Zealand is being delivered by a Fulton Hogan/HEB Construction Joint Venture to improve safety, access, resilience, and provide greater trav

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Mastering Social Media with Sotheby’s International Realty

Inman

In this hour session Sotheby’s International Realty will explore what has worked for the three brokers to grow their business and drive leads with their online personalities.

Realty 168
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Special report: Jacksonville’s brokerage competition visualized

Housing Wire

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market.

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Loosening The Knot

Appraisal Buzz

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can discern the usage of the word as it was intended by the author. It can be easy to merely overlay our own current usages and connotations and miss the true meaning and intent of the author’s words.

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Consumer Confidence Remains Stable Despite Concerns About Future

Eyes on Housing

Consumer confidence held steady in March, with optimism about current conditions offset by concerns about the future economic outlook. This pessimism was primarily driven by persistent inflation, especially elevated food and gas prices. The Consumer Confidence Index, reported by the Conference Board, stood virtually unchanged at 104.7 in March, the lowest level since November 2023.

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Florida is now home to the most expensive for sale listing in the US

Empire Appraisal Group

Florida is now home to the most expensive for sale listing in the US The most expensive home for sale in the U.S. goes up in Naples The most expensive home for sale in the U.S. hit the market this week for $295 million. Gordon Pointe, as it’s called, is a roughly 9-acre compound in Naples, Florida, on the Gulf Coast, in an affluent enclave called Port Royal.

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Moehrl attorney: Market shift after NAR settlement ‘will take time’

Inman

Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses "misconceptions" about the NAR deal's impact and says Realtors who try to ignore the changes "will get left behind.

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State Farm will not renew more than 70K property policies in California

Housing Wire

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. The company is withdrawing completely from offering commercial apartment policies — which impact multifamily property owners, not renters insurance policies — in California.

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Long as the dog likes me…

Appraisal Buzz

The post Long as the dog likes me… appeared first on Appraisal Buzz.

Appraisal 370
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The “Luxury” Rental Property That Brings in $150K/Year of Pure Profit

BiggerPockets

Making six figures from one rental property is every investor’s dream, but to achieve this, you need to choose the right investing market, buy the right property, and create luxurious […]

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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some areas due to limited inventory. The lack of homes available for sale and the increase in interest rates have resulted in a decline in homes sold in most areas of the country.

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Let’s debunk 7 mainstream media falsehoods, post-NAR settlement

Inman

Premier Sotheby’s International Realty President and CEO Budge Huskey corrects the record on commissions — and the potential impact of the NAR settlement on buyers, sellers and agents.

Realty 185
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loanDepot settles appraisal bias lawsuit 

Housing Wire

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore of adrenal cancer — agreed with a voluntary dismissal with prejudice.

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Bindiya Jain: To Personalize Offerings, Mortgage Lenders Should Look at Both Credit and Property Data 

Appraisal Buzz

PERSON OF THE WEEK: Mortgage lenders are struggling in this challenging market. As a result, many are turning their focus on their existing customers and looking for ways to expand and customize their offerings. But how can mortgage lenders looking to tailor their offerings gain a more comprehensive view of their customers’ needs? How can they personalize their offerings so as to meet the needs each borrower?

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Property Taxes: Complete FAQ

BiggerPockets

It’s common to have questions about your property taxes, but one is more important than all the others combined: Why did my property taxes increase. There’s no individual answer to this question, as it can depend on a variety of factors. Here are 19 frequently asked questions (FAQs) to help you understand property taxes as a whole, and with that, determine why your taxes have increased.

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How to select appraisal comps

Appraisal Today

Dos and Don’ts of Selecting Appraisal Comps Excerpts: Follow these dos and don’ts to help ensure that relevant comparable sales are established: Here are a few topics Do welcome relevant comparable sales from real estate agents Don’t limit the number of comparable sales to three Do consider objective characteristics when selecting competing neighborhoods Don’t use appraisal comps based on price As an appraiser, you must provide an unbiased opinion of value.

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US home price growth accelerates in January at fastest pace since ’22

Inman

The S&P Core Logic Case-Schiller National Home Price Index tallied a 6 percent annual increase in January, reaching its fastest annual rate in more than a year, according to data released Tuesday.

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Opinion: How did homeowners get into home equity prison?

Housing Wire

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs. Then, the housing market takes off like a rocket with home values exceeding all expectations.

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Case-Shiller: Home Prices ‘Continued to Drive Higher’ in January

Appraisal Buzz

U.S. home prices increased 0.4% on an adjusted basis in January compared with December and were up 6.0% compared with January 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The index’s 20-city and 10-city composites – measuring home prices in the 20 largest U.S. metros – posted month-over-month increases of 0.1% and 0.2% respectively.

Appraisal 195
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How a Squatter in Oregon “Stole” a Property, and the Rising Tide of Disputes Ending Badly for Landlords

BiggerPockets

“I always thought stealing was wrong,” real estate investor and developer George McCleary remarks at the end of a viral video posted on social media last month, “But turns out, if you steal a […]

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. The market dynamics have changed namely interest rates. Prices have held steady and even increased in some areas due to limited inventory. The lack of homes available for sale and the increase in interest rates have resulted in a decline in homes sold in most areas of the country.

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DOJ launches criminal probe into RealPage amid rent-fixing scandal

Inman

The DOJ opened its investigation into the property management software firm as well as several multifamily building operators who authorities believe collaborated in a "price-fixing combination.