Housing Wire

APRIL 22, 2024

Scott Wright and Steve Murray of RealTrends Consulting. (Photo Credit: AJ Canaria) Between inflation , an uncertain interest rate environment and legal challenges , the real estate industry is facing unprecedented challenges. While merger and acquisition activity has quieted amid the uncertainty, RealTrends Consulting’s Scott Wright and Steve Murray say now is the perfect time for firms to lay the groundwork for future deals.

Brokerage 438

Brokerage Real Estate Agents Sellers 438

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

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

Sacramento Appraisal Blog

APRIL 16, 2024

Everyone is entitled to an opinion, but I find some people sounding off about housing seem disconnected from the actual market. I want to talk about that below and share some trends. Skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 Empire Home […] The post Strong opinions about the housing market first appeared on Sacramento Appraisal Blog.

Housing Market 310

Housing Market Marketing Realty Real Estate 310

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 360

Development 360

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 179

Brokerage Agents 179

Appraisal Buzz

APRIL 17, 2024

This week on the Appraisal Buzzcast, host Hal Humphreys interviews Kelly Davids, President of The Appraisal Foundation. Davids discusses her background in the industry and how it led to her new role as president. What is her vision for the future of the industry? How can we all get involved with The Appraisal Foundation? What are some of the initiatives they are launching in the near future?

Appraisal 370

Appraisal Modernization Valuation Technology 370

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

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.

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Buyers 301

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 170

Real Estate Agent Real Estate Agents Technology 170

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

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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128

Real Estate News

APRIL 16, 2024

PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.

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Sellers 279

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 152

Brokerage Real Estate Agent Agents Real Estate 152

Housing Wire

APRIL 22, 2024

Josh Team, Howard Tager, and Jonathan Lickstein at HousingWire’s The Gathering 2024. (Photo Credit: AJ Canaria) In the real estate industry, the use of generative artificial intelligence has grown beyond just the composition of marketing copy, leading some to question other potential applications. During a panel discussion at The Gathering by HousingWire on Sunday in Scottsdale, three real estate professionals – LoKation Real Estate COO Jonathan Lickstein, Ylopo LLC co-founder and CEO Howa

Real Estate 436

Real Estate Tools Brokerage Agents 436

GoForrmz

APRIL 16, 2024

Originally published on 04/23/2019 Streamline manufacturing procedures with digital and online forms Digital and online forms drastically simplify manufacturing inspections, procedures, and oversight. This is achieved through robust digital capabilities that are unattainable via manual, paper-based processes. One of the most versatile tools is the GoFormz online form builder , which can create customizable digital forms, such as the digital manufacturing checklist.

Inspection 148

Inspection Training Tools Inventory 148

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 145

Buyers 145

Real Estate News

APRIL 16, 2024

During a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.

Real Estate 285

Real Estate 285

Inman

APRIL 17, 2024

Fannie, Freddie and FHA say sellers can continue to pay the buyer's agent's commission. But it remains to be seen if buyers will be allowed to finance their agent's commission into their mortgage.

Mortgage 171

Mortgage Sellers Finance Agents 171

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 407

Real Estate Open Houses Brokerage Real Estate Agent 407

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 101

Tools Modernization Home Value Appraisal 101

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

Real Estate News

APRIL 16, 2024

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

Finance 284

Finance Agents Buyers 284

Inman

APRIL 18, 2024

The campaign will roll out across print and digital media and comes against the backdrop of commission disruption and intense competition among portals.

Buyers 173

Buyers Technology Agents Marketing 173

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

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

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

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 262

Inventory Insurance Sellers Buyers 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 157

Realtors Marketing 157

Housing Wire

APRIL 18, 2024

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% from the previous year ($375,300).

Inventory 485

Inventory Housing Market New Listings Buyers 485

Appraiserblogs

APRIL 16, 2024

The $29 fee also happens to nearly match the average hourly base salary of $29 for UWM underwriters. United Wholesale Mortgage (UWM) began an aggressive campaign in September 2021 to recruit appraisers for their new Appraisal Direct system, which aimed to cut out appraisal management companies as middlemen. Through repeated emails, they urged appraisers – both current and former, alive or deceased – to partner directly with UWM through ANOW.

Appraisal 122

Appraisal Lending Mortgage 122

Eyes on Housing

APRIL 16, 2024

Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a.

Finance 120

Finance Lending Construction 120

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 303

Mortgage 303

Inman

APRIL 19, 2024

Frustrated and anxious about economic conditions? Trainer Bernice Ross writes that, instead of waiting for change, agents can move forward with confidence by following these strategies.

Agents 152

Agents Brokerage Marketing 152