Housing Wire

MAY 18, 2024

New listings data has been moving lower over the last few weeks. I usually wouldn’t care too much about this as its a data line that can be volatile week to week but now it’s been three weeks. The moves haven’t been significant and our weekly pending contracts data picked up this week. But, we need to see more growth in new listings data just to grow from 2023 levels. 2023 new listings data was the lowest ever on record, so it’s already a low bar.

New Listings 346

New Listings Inventory Mortgage Contracts 346

Cleveland Appraisal Blog

MAY 17, 2024

Hello, dear readers! Thank you for being here! Many homeowners have decided not to sell their homes but to renovate them instead. If you find yourself in this situation, this article will provide you with a guide that may be helpful to you. This week, I invite back a guest blogger, Tina Martin. I hope you enjoy her article! Planning for a Home Renovation: A Guide When it comes time to renovate your home, there are a few things you should know.

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Renovations Appraisal Logistics Decorating 311

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 456

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 347

Appraisal Appraisal Process Technology Tools 347

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?

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Housing Market Marketing Design Real Estate 293

Real Estate News

MAY 17, 2024

President and CEO Mark Willis called the move “unprecedented," and said the vote by the company’s agent-led IALC passed by an “overwhelming majority.

Agents 265

Agents 265

Appraisal Buzz

MAY 17, 2024

STRATMOR Group and Teraverde have merged to create a powerhouse mortgage advisory firm poised to serve clients across entire mortgage banking spectrum. Both firms will operate under the STRATMOR brand in the near future. The new firm combines each company’s respective programs, technology, and subject-matter expertise to deliver superior advisory solutions to now serve the entire mortgage banking spectrum.

Mortgage 195

Mortgage Clients Technology Business 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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Real Estate News

MAY 17, 2024

Company leaders hosted a livestream to discuss NAR settlement outcomes, including buyer agreements and how to talk to sellers about buy-side compensation.

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Sellers Buyers 242

Housing Wire

MAY 16, 2024

United Wholesale Mortgage (UWM) has launched a new service to handle all the title work for its brokers on refinancings. As a result, brokers no longer need to deal with a title company or settlement agent to close a refi. The top U.S. mortgage lender announced the service on Thursday during an annual meeting with its broker partners in Pontiac, Michigan.

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Insurance Agents Real Estate Agent Mortgage 395

Inman

MAY 15, 2024

Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports.

Mortgage 179

Mortgage Marketing 179

Appraisal Buzz

MAY 17, 2024

The median U.S. home sale price increased 6.2% year over year in April to $433,558 — the highest level on record, according to Redfin. Today’s housing market is much slower than it was during the pandemic home buying boom, but prices continue climbing due to low inventory. New listings increased 1.7% month over month in April and were up 10.8% year over year.

New Listings 195

New Listings Inventory Sellers Housing Market 195

Yolo Solano Appraisal Blog

MAY 15, 2024

My goal is to regularly produce local real estate market trend analysis on a monthly basis, focused on my primary markets of Yolo County and Northern Solano County. I’ll have Solano County analysis next week. I’ll also mix in relevant news and articles of interest.

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Marketing Realtors Real Estate Sellers 148

Real Estate News

MAY 15, 2024

Sentiment drops for the first time since November, with persistent inflation and concerns about new federal rules dampening builders’ outlook.

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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 412

Insurance Real Estate Sellers Housing Market 412

Inman

MAY 17, 2024

The cuts, initially approved last summer, were set to go into effect this July. But as of this spring, Keller Williams was facing multiple class action lawsuits over the changes.

Agents 161

Agents Realty Brokerage 161

Appraisal Buzz

MAY 17, 2024

Mortgage industry veteran David Vida has joined subservicer LoanCare as executive vice president, chief revenue officer. Vida is a seasoned leader with a robust background in residential mortgage servicing and originations-related services. He has over 30 years of experience and most recently served as chief operating officer at Weston Portfolio Group.

Clients 195

Clients Business Lending Technology 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 156

Buyers Mortgage 156

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 254

Housing Market Mortgage Marketing 254

Housing Wire

MAY 17, 2024

Mortgage advisory firm Stratmor Group has merged with Teraverde , a mortgage advisory firm and technology solutions provider, in a deal that the companies say will allow them to expand the markets they serve and the depth of services provided. The terms of the deal were not disclosed. Both firms will operate under the Stratmor brand , the companies said in a statement on Friday.

Mortgage 363

Mortgage Technology Clients Business 363

Inman

MAY 16, 2024

May 6 remarks from Anthony Lamacchia spurred at least one NAR midyear attendee to leave the MLS Forum in protest, others to hurl steering accusations, and NAR's senior counsel to intervene.

Clients 168

Clients Realtors Brokerage Agents 168

Appraisal Buzz

MAY 16, 2024

The average rate for a 30-year fixed-rate mortgage fell to 7.02% this week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). A year ago at this time, the average rate for a 30-year was 6.39%. “Mortgage rates decreased for the second consecutive week,” says Sam Khater, chief economist for Freddie Mac, in a release. “Given the news that inflation eased slightly, the 10-year Treasury yield dipped, leading to lower mortgage rates.

Mortgage 195

Mortgage Appraisal Marketing 195

Eyes on Housing

MAY 17, 2024

Nonfarm payroll employment increased in 38 states and the District of Columbia in April compared to the previous month, while 11 states saw a decrease. Alaska reported no change during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 175,000 in April, following a gain of 315,000 jobs.

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Marketing 129

Real Estate News

MAY 16, 2024

Will Homes.com sell buyer agent leads? “Never,” says Andy Florance, who believes all the portals will eventually move to “your listing, your lead.

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Agents Buyers 228

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.

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Finance Government Mortgage Legal 418

Inman

MAY 17, 2024

With the expansion, Redfin Next is now available to agents in 36 markets nationwide, according to an announcement Friday. Redfin execs said the plan has "proven to be even better" than expected.

Agents 161

Agents Marketing Buyers Brokerage 161

Appraisal Buzz

MAY 16, 2024

Snapdocs eVault is now integrated with SitusAMC ’s ProMerit platform, allowing warehouse lenders to manage e-note transactions seamlessly and securely from within their warehouse lending system of record. “Today, e-note adoption by mortgage originators is just under 10 percent, and projections indicate it will reach nearly 30 percent of all new loan originations within a few years,” says Camelia Martin, vice president of e-mortgage strategy at Snapdocs, in a release.

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Lending Mortgage 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.

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Business Modernization Transportation Tools 148

Real Estate News

MAY 14, 2024

The latest data points to some easing, but payments could hit a new peak later in the year. Regionally, payments are down in areas with rising inventory.

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Inventory 239

Housing Wire

MAY 17, 2024

Financial planners are an important referral source for reverse mortgage professionals, and Finance of America (FOA) vice president of retirement strategies Steve Resch has been at the head of the company’s conversations with planners to help them understand how much utility a reverse mortgage could have for improving a client’s retirement. In this second part of a recent discussion , Resch explains how financial planner conversations about reverse mortgages have evolved in recent years, a

Mortgage 356

Mortgage Clients Tools Finance 356

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 179

Client Relationships Marketing Clients Agents 179

Appraisal Buzz

MAY 16, 2024

Forty-four percent of recent home buyers have had to take on additional debt to maintain their lifestyle, and 43% have struggled to make mortgage payments on time, according to Clever Real Estate’s American Home Buyer Report. Further, 47% of recent home buyers say they feel in over their head financially since purchasing their home. About 85% of buyers compromised on their priorities when purchasing a home, according to the report.

Mortgage 195

Mortgage Buyers Finance Appraisal 195

Eyes on Housing

MAY 15, 2024

Both overall and core inflation eased slightly in April amid higher costs for gasoline and shelter. On a year-over-year (YOY) basis, the shelter index rose by 5.5% in April, following a 5.7% increase in March. Despite a slowdown in the YOY increase, shelter costs continue to put upward pressure on inflation, accounting for nearly 70%.

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Real Estate News

MAY 17, 2024

An NAR/Realtor.com study on the effects of rate reductions and price cuts found that a 1% mortgage rate decline could put a noticeable dent in monthly payments.

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Mortgage 200