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Housing industry continues to shed employees in economic downturn

Housing Wire

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. And don’t expect the layoffs to stop anytime soon.

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Push button. Get CEO? What’s next for Rocket

Housing Wire

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. Learn quickly. With the Feb. 28 earnings call.

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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

And while former agents have nice things to say about Redfin, they also leave in droves. In exchange, the agents set a sales commission and negotiate with the brokerage their commission cut. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I The pay wasn’t great.”.

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How to Find Comps With Few Sales

Appraisal Today

If we have 40% fewer sales happening, that means there are 40% fewer comps. I also have some market recap visuals to unpack what’s been happening in 2024 so far. I have been doing this for many years. The challenge of pulling comps in 2024 By Ryan Lundquist February 14, 2024 Excerpts: Pulling comps in 2024 is tough.

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Value of a Pool for Homes?

Appraisal Today

July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. Homes in different locations and price points tend to have different amenities, and that includes pools. In short, the higher the price, the greater chance of having a pool. Where I live, very few homes have pools.

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OK to average adjusted comps on appraisals?

Appraisal Today

One of the best I have read. NOTE: Please scroll down to read the other topics in this long blog post on Non-lender appraisals, dealing with lender hassles, real estate market, unusual homes, mortgage origination stats, etc. = $36M Beachfront Beauty on Maui Hawaii Excerpts: What exactly makes this oceanside manse on Maui so desirable?

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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

I have been a licensed real estate broker since 1986. I got it mostly for MLS access and have only done one sale, representing the buyer. NAR Appraisal Survey 2022. NAR Urges Appraisal Foundation To Establish Equivalency Credit for Education and Experience. Completing broker price opinions and Competitive Market Analyses.