Tue.May 30, 2023

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Home prices accelerated in March even as mortgage rates climbed

Housing Wire

Low housing inventory and still-strong demand kept prices high in March, according to the latest according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. The annual growth rate in March 2023 was up 0.7%. On a month-over-month basis, the index was up 1.3% before seasonal adjustment. This was the second month-over-month increase following seven consecutive month-over-month decreases.

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Is Opendoor starting to turn things around?

Sacramento Appraisal Blog

The iBuyer model got destroyed last year when the housing market shifted, but is Opendoor starting to turn things around? Today I want to look at some stats in the midst of a market full of drama. SERIOUS REAL ESTATE DRAMA It’s been drama this past week with debt ceiling conversations and rates above 7% […] The post Is Opendoor starting to turn things around?

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UBS to close business in U.S. mortgage trading unit

Housing Wire

Swiss bank UBS Group AG plans to wind down a business in its US mortgage unit that focuses on “to-be-announced” (TBA) trading, Bloomberg reported late last week. The decision is part of UBS’s strategy to focus more on financing mortgage originators , the outlet said, citing an anonymous source discussing non-public information who asked not to be identified.

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The Decision to Act

The Appraiser Coach

The key to success isn’t great ideas. Everyone has great ideas. I’ve had so many people come to me with an idea they had and say, “Dustin, isn’t this a.

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AI will be a supercharger for loan officers: Blend CEO

Housing Wire

Artificial intelligence (AI) is a buzzword in virtually every industry right now. And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. “Some of these borrowers have hundreds of products that they can choose from. How is an LO supposed to keep that in their head?

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Home price growth in early spring higher than anticipated

Real Estate News

While sluggish year-over-year, appreciation picked up between February and March, especially in West Coast cities, according to the Case-Shiller Index.

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Home Prices Rebound in March

Eyes on Housing

After seven consecutive months of decline, home prices climbed for a second straight month in March as low inventory levels persist. Locally, five metro areas, reported by S&P Dow Jones Indices, experienced negative home price appreciation in March. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth.

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Heading into summer, Airbnb is going head-to-head with the hotels

Inman

It grew from a way to earn a little extra money renting out a room to a $67B behemoth. Now, heading into a busy travel season, Airbnb looks to return to its roots.

Business 155
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From Appraisal to Freedom: How a PMI Removal Appraisal Can Save You Thousands

Premier Home Appraisal Blog

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? You can remove it and save thousands of dollars! PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. That's where our home appraisal for PMI removal comes in.

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Mortgage rates hit new 2023 high on debt ceiling, inflation worries

Inman

For investors who provide the funding for most U.S. mortgages, the debt ceiling crisis won't be over until Congress actually votes to approve the deal negotiated over the weekend.

Mortgage 148
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What Professional Services Can Do For You

GoForrmz

Drive your operation’s digital transformation with the attentive support of our Professional Services team At GoFormz, we understand that time is money and are committed to ensuring you get the most out of your technology investment. Our Professional Services team provides expert guidance and custom solutions crafted to address your unique business needs.

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A former CNN producer reveals why agents intuitively ‘get’ social media

Inman

Ahead of her appearance at Inman Connect Las Vegas, media strategist Shannon McKinstrie shares how agents can tap into social media as a lead generator without falling into a time-suck.

Agents 148
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Living for FREE at 22 and Planning to Retire by 30 with Rentals

BiggerPockets

Who knew living for free could be as simple as house hacking and renting rooms out to a few college friends?

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Second month of home price gains could signal end to year of declines

Inman

U.S. home prices rose 0.7 percent in March, notching a second-straight month of upticks while suggesting declines that began in 2022 may be winding down, according to data from CoreLogic and the FHFA.

Marketing 148
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Canada economic crisis – could high household debt lead to the worst?

Mortgagebroker News

Those levels are the highest in the G7 – and a global economic downturn could have big consequences, warns economist

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Ignition! Brokerage Engine, Payload to speed secure payments

Inman

Secure payment processor Payload will deploy its APIs to facilitate faster, more secure payments for customers of Brokerage Engine, according to an announcement exclusively sent to Inman.

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Analyst: BoC's June 7 policy decision will hinge on upcoming GDP figures

Mortgagebroker News

Stronger-than-expected economic data will not be consistent with the narrative of a slowing economy, analyst says

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Are ARMs and 40-year mortgage loans good deals for buyers?

Inman

Focusing exclusively on monthly payments can mean borrowers lose sight of the advantages, and drawbacks, of various loan products. Trainer Bernice Ross looks at some alternatives to the 30-year fixed rate mortgage.

Buyers 148
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Poll: Consumers are increasingly confident about the housing market's prospects

Mortgagebroker News

More and more Canadians are expecting home price increases within the next six months

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Should real estate investors bank on self-storage amid uncertainty?

Inman

Should you jump on the bandwagon or leave self-storage to institutional investors? Here's what to consider before investing in a storage facility, according to SparkRental co-founder G. Brian Davis.

Investors 148
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Over half of GTA condo investors lost money in 2022, study shows

Mortgagebroker News

New report sheds light on the prevalence of condo investors in the region

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A new lens for success: Reframe your mindset, overcome obstacles

Inman

Now Streaming! Discover the transformative power of reframing your mindset with a new outlook, and gain the upper hand in conquering challenges with Bill Storm's Inman Access class.

Agents 148
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The Lasting Impact of COVID-19 on the Homebuilding Industry

Eppraisal

The COVID-19 pandemic profoundly affected various sectors of the economy, and the homebuilding industry is no exception. With lockdowns, supply chain disruptions, and changing consumer preferences, the industry experienced significant shifts that have had a long-term impact on its future. Among the noteworthy changes that have emerged with lasting impact on the homebuilding industry are: Accelerated Demand for Home Offices The remote work culture, necessitated by the pandemic, drove a surge in t

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Judge narrows in on trial date for bombshell commission lawsuit

Inman

If the parties don't settle, expect a lengthy trial for the Moehrl homesellers' case against NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America.

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VIDEO: Mari – Boutique Luxury Condo Living in Bellevue

Will Springer Realtor

Picture yourself enjoying success in both your personal and professional life. You’re thinking of taking that next step of buying a home closer to the urban oasis that is Bellevue. Maybe it’s time for a trip to see one of the most talked about real estate projects in the city – Mari. Positioned as a boutique luxury residence, Mari offers 138 homes in its 20-story, glass-and-steel structure that is targeting a spring 2024 unveiling.

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Plunk’s API plugged into Mosaik and Roomvu

Inman

In addition to Mosaik and Roomvu, Plunk is also providing actionable market data to DropOffer, Calque and SphereBuilder, according to a company announcement.

Marketing 113
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How can brokers establish good partnerships with BDMs?

Mortgagebroker News

Executive on the best ways to cultivate a successful relationship

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Real estate investing: 3 tips to get started from a seasoned investor

Inman

Find a niche, start small and think local, writes Inman contributor Michael Zaransky, the founder and managing principal of MZ Capital Partners.

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How is specialized lending meeting the challenges of 2023?

Mortgagebroker News

Executives on how the space is adapting to a changing market

Lending 36
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House bill would incentivize home selling in effort to boost supply

Housing Wire

A duo of bipartisan U.S. House of Representatives lawmakers introduced a bill earlier this year that is designed to increase the supply of available homes on the market. And in order to bring more attention to the issue, the lawmakers recently made a public push about what the bill would do if passed. The “More Homes on the Market Act,” unveiled in March by Reps.

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The Full Measure with Kevin Hecht: Economic Recap May 2023

McKissock

Welcome to the latest installment of The Full Measure with Kevin Hecht— your destination for the most current economic insights and analyses. Catered to real estate appraisers, agents, and other professionals, this monthly blog series helps you navigate the ever-evolving economic environment so you can make well-informed decisions to support your business and career success.

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Leaders struck a debt ceiling deal. What does it mean for mortgages? 

Housing Wire

The debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy on Saturday represents momentary relief for the mortgage market , as it reduces the chances of a federal government default. But that’s just the first step in an ongoing effort to avoid the chaos. The deal has to receive Congressional approval before the U.S.

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FHFA House Price Index hits an all-time high

Housing Wire

On Tuesday the FHFA House Price Index hit an all-time high. In this article I’ll explain why this is happening and why we still have a savagely unhealthy housing market. The quick takeaway here is that total active listings in the U.S. are still near all-time lows and the demand has stabilized. If home sales were crashing at the same pace they were last year, we would all be having a different discussion.

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