Thu.Apr 20, 2023

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Mortgage rates rebound after five straight weeks of declines

Housing Wire

Interest rates for mortgage loans broke five straight weeks of declines caused by the bank crisis. This week, the 30-year fixed rate rebounded due to recent data indicating a still-resilient economy, the potential continuity of the Federal Reserve ’s tightening monetary policy, and pressures in the secondary market. “For the first time in over a month, mortgage rates moved up due to shifting market expectations,” Sam Khater , Freddie Mac ’s chief economist, said in a statement.

Mortgage 391
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Nation’s largest homebuilder brings some heat to a cool spring

Real Estate News

DR Horton, seen as a “heat check” for the housing industry, blew past analyst expectations with its Q2 profits and offered an encouraging take on spring.

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Clear Capital and CoreLogic expand partnership

Housing Wire

Real estate valuation technology provider Clear Capital announced on Thursday an expansion of its partnership with CoreLogic. Through the expanded partnership, Clear Capital’s recently launched Universal Data Collection product will be available for order and fulfillment through CoreLogic’s suite of Valuation Workflow Solutions. “The key to appraisal modernization is wide-spread adoption, and alongside CoreLogic, we are expanding access to modern appraisal tools with the aim of pushing the mortg

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Existing home sales dip a modest 2.4% in March

Real Estate News

Home sales fell only slightly between February and March, but the year-over-year picture illustrates a more significant drop.

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Motto sues UMortgage for ‘tortious interference’ in franchise contract

Housing Wire

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S district court in Colorado, UMortgage “unlawfully solicited” and “induced” Price and his team to join the company in the latter half of 2022, despite knowing the franchisee was subject t

Contracts 367
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21 apps to accelerate your brokerage tech stack

Inman

Inman assembled a list of technology companies for customizing a tech-stack, specific to those brokers who look for flexibility, best-of-breed options and quicker roll-out.

Brokerage 159

More Trending

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After Ralph Yarl, it’s time to retire door-knocking once and for all

Inman

A teenager was shot for knocking on the wrong door. Telling your agents to door-knock for new business is dated advice, and it could be deadly. In a world where gun violence is in our headlines daily, it’s time to stop door-knocking.

Agents 155
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Guild snags a top team from Fairway

Housing Wire

Distributed retail lender Guild Mortgage has picked up a top-producing team of loan officers, branch managers and back-office staff in California from rival retail shop Fairway Independent Mortgage. Guild, publicly traded and based in San Diego, added 40 employees across eight branch offices in California, the company said Thursday. John Lowe leads the new California district, and he’s brought his whole team from Fairway, including area managers Chris Owen and Joanne Hender; branch manager

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Mortgage interest rates jump, ending 5 weeks of declines

Real Estate News

Shifting market expectations have 30-year mortgage rates on the rise again, hitting 6.39% this week.

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2022 Marketing Leader honoree on the key to a successful marketing strategy

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s Marketing Leaders award are now open through Friday, April 21, 2023. Click here to nominate someone you know — a client, colleague, boss or friend — it can even be you! For the past three years, the HW Marketing Leaders award has recognized elite marketing execs in housing who have pushed their businesses to the top via innovative marketing

Marketing 356
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Once again, Newark is named the worst city in the US to get stoned

Inman

The Gateway City once again ranked dead last in an annual ranking of the best cities for pot lovers, falling below Bridgeport, Connecticut, according to Lawnstarter in observance of 4/20.

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Today is the last day to submit for the 2023 HW Marketing Leaders award!

Housing Wire

The HW Marketing Leaders award celebrates the industry’s most innovative and influential marketing minds who are continuing to help their organizations grow and flourish. We reached out to previous years’ honorees to ask what advice has helped propel their careers as marketers and see what they have to say about the current housing market.

Marketing 329
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Uncover what lies ahead: Proptech and agent marketing insights

Inman

Watch the new Inman Access classes now! This week's videos feature industry innovators Dominic Chan and Glennda Baker, who bring their extensive experience and insights to the table.

Agents 142
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FAQ #16:  What Can I Do To Increase My Home’s Market Value?

Riverfront Appraisals

This blog is dedicated to the countless homeowners who, as we’re finishing up with the appraisal inspection, ask “well, is there anything I can do to increase the value of my home?” Realtors, you’ll also benefit from this post because I’m sure you get asked that all the time as well! You go to list […] The post FAQ #16: What Can I Do To Increase My Home’s Market Value?

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Fairway loses 8 California branches to rival Guild Mortgage

Inman

The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year "is equal to that of a mini acquisition.

Mortgage 146
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Boomers Pass Millennials in Share of Homebuyers

Empire Appraisal Group

yongyuan, E+, Getty Images Source: Boomers Pass Millennials in Share of Homebuyers | Florida Realtors Boomers Pass Millennials in Share of Homebuyers By Kerry Smith NAR study: In 2022, boomers made up 39% of buyers (29% in 2021) while millennials made up only 28% (43% in 2021). The main reason? Boomers had more money. WASHINGTON – As a percentage of all homebuyers, the share of baby boomers has surpassed millennials last year, according to the latest study from the National Association of Realto

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Broker Spotlight: Melissa LeGrand, @properties — Elleven | Christie’s International Real Estate

Inman

Learn how Melissa LeGrand, owner and relocation specialist at @properties - Elleven | Christie's International Real Estate, champions authenticity and mindset in real estate to help newly licensed brokers succeed.

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Clear Capital Expands Relationship with CoreLogic in Support of Modern Appraisal Readiness

Clear Capital

Clear Capital Expands Relationship with CoreLogic in Support of Modern Appraisal Readiness Clear Capital’s Universal Data Collection product available to be ordered, fulfilled through CoreLogic Valuation Workflow Solutions Reno, Nev. – April 20, 2023 – Clear Capital , a national real estate valuation technology company, today announced an expanded relationship with CoreLogic , a leading global property information, analytics and data-enabled solutions provider, to assist lenders in modern

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After isolated uptick, existing-home sales shift gears in March

Inman

Existing-home sales fell 2.4 percent in March to a seasonally adjusted annual rate of 4.44 million — 22 percent lower than a year earlier, according to data released Thursday by the National Association of Realtors.

Realtors 129
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Invest in Long-Term Rental Properties: A Secure Investment Option

Mashvisor

Are you considering investing in real estate and don’t know which strategy to go with? Investing in long-term rental properties might be for you.

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New York brokerage owner sues predecessor for alleged fraud

Inman

Yves Jean-Baptiste bought Rapid Realty in 2018, but now says the former owner Anthony Lolli actually used the deal to pawn off a failing business.

Brokerage 142
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50 Most Expensive Towns in New Hampshire

Lamacchia Realty

50 MOST EXPENSIVE TOWNS IN NEW HAMPSHIRE As we saw in our 2022 Year in Review Housing Report , home prices continue to rise across New Hampshire. The average selling price for a home hit $524,116 by year’s end, an increase of 14.9% compared to 2021, and the highest monthly average selling price this year. Here is a list of the most expensive towns in New Hampshire in 2022: 1.

Realty 53
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3 profit-driving tips for broker-owners in a tough market

Inman

The truth is, you can fight back against a challenging market, but it’s unlikely you can avoid it. Here are some actionable strategies every brokerage owner must know to protect and grow what you’ve worked so hard to build.

Brokerage 126
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Housing supply shortage a big concern as market heats up

Mortgagebroker News

Sales and prices are ticking upwards in Canada’s housing market, but there’s no end in sight to the inventory crisis

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Buying a home is hard. For first-timers, it’s never been tougher

Inman

Homes in the lower tier of pricing are still 8 percent more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow.

Inventory 117
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What Kind Of Rental Property Insurance Do You Need For Short, Medium, And Long-Term Rentals?

BiggerPockets

Depending on your investment strategy, you might be subject to different types of rental insurance. Here's what you need to know.

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Canadian Mortgage Awards 2023: The winners are in

Mortgagebroker News

Find out who came away with the top prizes at the star-studded event

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Finance Friday: Stay at Home with Kids or Work to Hit FI Faster?

BiggerPockets

Financial freedom vs. family time. If done correctly, you can have both; but living the best of both worlds is impossible without sacrifice.

Finance 56
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Seller rent back after close of escrow: what do you need to know?

San Jose Real Estate

If you are buying or selling a home in Silicon Valley today, you may be considering including the option to have a seller rent back after closing. What does this mean? What is a rent back?

Sellers 36
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The US Dollar Isn’t Going Anywhere (Here’s Why)

BiggerPockets

The US dollar is in danger. For decades, trading in USD (US dollars) has been the standard for almost every country on the planet.

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Housing inventory still near record lows

Housing Wire

We only have 2.6 months’ worth of housing inventory in the U.S. after coming off the single biggest home-sales crash year in history. That is where we are today in America. As expected, existing home sales fell from February to March since the previous month’s report was intense. We have a workable range for 2023 sales in the existing home sales market between 4 million and 4.6 million.

Inventory 526
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Existing Home Sales Slowed in March

Eyes on Housing

After reversing a 12-month slide last month, existing home sales retreated in March as mortgage rates began to increase again in February, according to the National Association of Realtors (NAR). With inflation continuing to ease and rent growth expected to slow, existing home sales will rebound, despite the slight drop in March.

Realtors 100
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FHFA to formalize fair housing policies through rulemaking

Housing Wire

The Federal Housing Finance Agency (FHFA) on Wednesday released a proposed rule that would codify many of its regulatory policies related to fair housing and fair lending. In formalizing housing regulation policies through the rulemaking process, the Biden administration hopes to make it more difficult for future administrations to untangle them. The proposed rule would codify in regulation FHFA’s fair lending oversight requirements for Fannie Mae , Freddie Mac and the Federal Home Loan Banks.

Finance 409
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CFPB staffer sent 250,000 consumers’ data to personal email account

Housing Wire

A Consumer Financial Protection Bureau (CFPB) employee forwarded records containing personal information on approximately 256,000 consumers at one financial institution, as well as confidential supervisory information at 45 other institutions, to a personal email address, the Wall Street Journal reported. The agency, already under fire by Republican lawmakers, described the breach to Congress as a major incident.

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