Fri.Feb 03, 2023

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Why HELOCs are growing more popular

Housing Wire

The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates.

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A New Year Starts with Strong Gains

Eyes on Housing

Job growth rebounded in January. After declines for five consecutive months, total nonfarm payroll employment increased by 517,000 in the first month of 2023 and the unemployment rate hit a 53-year low at 3.4% as more people entered the labor market. Construction industry employment (both residential and non-residential) totaled 7.9 million and exceeds its February 2020 level.

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Guaranteed Rate loan programs aim for lower rates for builders, borrowers 

Housing Wire

Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates. The rate lock program allows builders to lock in a current rate for up to 120 days on individual homes.

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Leaning into winning seller leads, Fello puts your website to work: Tech Review

Inman

Fello centers itself around a series of lead-capture website add-ons that can be easily customized, turned on and off, and fed into any number of integrated CRM solutions used by the brokerage, team or agent.

Sellers 148
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How to Level Up as an Appraiser

McKissock

As part of our contributor series, experienced appraiser Conrad Meertins Jr. shares his advice on how to level up as an appraiser. There is a popular saying, “Skills pay the bills.” There is much merit to that in our industry, and it will be even more true as we move into this year with so much uncertainty looming over our heads. Your skills are what make you invaluable.

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Ready to be a real estate mentor? Here’s how to make a massive impact

Inman

Being a mentor isn’t a one-way street. When done right, it offers you the opportunity to hone your skills and experience to unexpected levels of personal and professional growth.

More Trending

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Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Inman

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels.

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Logan Mohtashami to speak at Gathering of Eagles 2023

Housing Wire

Logan Mohtashami , lead analyst for HW Media , is taking the stage at Gathering of Eagles 2023 to give an update on the state of housing and the economy. Mohtashami’s presentation is scheduled for Tuesday, June 20. Mohtashami’s proprietary modeling is essential to any leader making business plans in 2023. His chart-making abilities will provide attendees with the essential information they need on mortgage rates , inventory, pricing and more.

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9 elements your real estate website must include in 2023

Inman

Your real estate website is your window to the world, writes luxury expert Laura Stace. It allows potential clients to see your experience in the real estate industry, your business acumen and also to connect with you should they wish to take the next steps.

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NAR Asks FHA To Collaborate With Other Regulators on New Reconsideration of Value Proposal

National Association of Realtors

NAR joined a group of industry and consumer groups in a response to the FHA's request for comment on its proposed revision to a mortgagee letter on reconsideration of value (ROV).

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Mass rounds of real estate layoffs still the exception, not the norm

Inman

Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S. Bureau of Labor Statistics.

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Lamacchia Realty Lists Landmark Commercial Listing in Watertown, MA

Lamacchia Realty

Lamacchia Realty REALTOR® Waipeng Lee recently listed 1084 Belmont Street in Watertown, a neighborhood landmark commercial building. The entire 6,392-square-foot building is listed at $2.5 million. This property is located in a densely populated area on the Watertown/Waltham line near Waltham’s Warrendale and Belmont’s Waverly Square. With its local convenience, it’s also conveniently located close to I95, I90, and Rte. 2.

Realty 60
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23 tech tools to make 2023 easier

Inman

We live in an amazing time with unprecedented tools and technology, writes Jimmy Burgess. By tapping into the leverage these tools provide, your business can’t help but grow.

Tools 148
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Why education is set to be doubly important for agents in 2023

Mortgagebroker News

Now is the time to get up to speed on the full array of lending options available to borrowers, executive says

Agents 69
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David Kramer is ready to bring out the ‘soul’ of Hilton & Hyland

Inman

As David Kramer steps into his role as Hilton & Hyland's president after a year of upheaval, the brokerage is repositioning itself. Kramer told Inman the goal is to effect change with culture.

Brokerage 148
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Did the Bank of Canada mislead borrowers on low interest rates?

Mortgagebroker News

Many Canadians who took on mortgages in 2020 are now experiencing financial strain. Who's to blame?

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How will AI change your real estate business?

Inman

The world is changing. Consultant Chris Pollinger believes that those who embrace the coming wave of AI will outpace their competition exponentially.

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Rookie Reply: How to Find Out Who Owns a Property and Direct Mail 101

BiggerPockets

You stumble across the perfect rental property, but you don’t know who owns it. So what do you do? Walk up the door and present an offer? Ask the neighbors?

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Buyers on a $2,500 budget can now afford a $400,000 home

Inman

Things are looking up for homebuyers on a budget as mortgage rates fall from their 20-year highs, according to a report published Thursday by Redfin.

Buyers 148
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Appraisal Profession Dying?

Appraisal Today

Bringing More People Into a Dying Profession? By Dave Towne, Jan. 23, 2023 My comment: This only applies to residential lending appraisals, of course. My non-lender appraisals have changed very little with few, if any new “requirements”. I determine the Scope of Work. Excerpts: Some people want to bring more people (primarily of color, which is great) into a dying profession.

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Amerant Mortgage launches Midwest hub in St. Louis, Missouri

Inman

Florida's largest community bank, Amerant Bank, continues to grow the national footprint of its mortgage subsidiary, Amerant Mortgage, through acquisitions.

Mortgage 148
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How far should the Canadian home price correction go?

Mortgagebroker News

BMO Economics says policy is not yet going far enough

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Inman’s Top 5 stories for the week of Jan. 27 – Feb. 2 , 2023

Inman

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 27 - Feb. 2, 2023.

Agents 148
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Toronto home sales, prices stay flat in January

Mortgagebroker News

Could the city's housing market slowdown be easing?

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EXCLUSIVE: MooveGuru acquires relocation competitor Relocator

Inman

The deal was inked for "eight figures" and brings to MooveGuru a number of substantial mortgage marketing partnerships, according to news sent exclusively to Inman.

Mortgage 145
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How is the Calgary housing market shaping up at the beginning of the year?

Mortgagebroker News

Calgary Real Estate Board reports on the market's latest performance figures

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How to get a luxury smart home for a DIY price

Inman

Today, putting together a seamless smart home setup doesn't have to be expensive. Find out how to create one on a budget.

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Anthony Lamacchia Talks the Current Status of the Housing Market with Gene Lavanchy on Boston25 News

Lamacchia Realty

Yesterday morning, Anthony Lamacchia sat down with Boston25 morning news anchor Gene Lavanchy and discussed the current status of the housing market, and what buyers and sellers can expect in 2023! Watch the segment below! Play Video Anthony Lamacchia Talks the Current Status of the Housing Market with Gene Lavanchy on Boston25 News February 3, 2023 No Comments Read More » Why You Should Use a Real Estate Attorney to Sell Your Home February 2, 2023 No Comments Read More » Anthony Lamacchia and J

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Housing board reveals Fraser Valley market's January performance

Mortgagebroker News

Interest rate increases are playing a central role in the market's dynamics

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2023 US Housing Market News: Where We’re At Now

Mashvisor

We’re already a month into 2023. What does the real estate market look like? What’s the latest US housing market news for investors today?

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Positive jobs report sends mortgage rates higher

Housing Wire

Let’s first state the facts regarding our country’s wonderful week in labor data. Job openings are over 11,000,000. Jobless claims are under 200,000. The unemployment rate in America is 3.4%. When we look at the history of U.S. economics, this week is one for the record books. As someone who professed early in the Covid-19 recovery that we would see 10,000,000 job openings — and the labor dynamics are much different now than what we saw in 2008 — it’s Van Gogh art week when I see all the d

Mortgage 397
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Vancouver office market — How did it fare in 2022?

Mortgagebroker News

Avison Young highlights market's strengths and future possibilities

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January’s strong jobs report could spell trouble for the housing market

Housing Wire

The labor market started off in 2023 with a bang, which could mean trouble for the housing market as the Federal Reserve continues to try and bring inflation under control this year. Total nonfarm payroll employment rose by 517,000 jobs from December to January, according to data released Friday by the Bureau of Labor Statistics. In comparison, the job market gained an average of 401,000 jobs per month in 2022.

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3 Ways GoFormz Supports Accountants

GoForrmz

Eliminate messy piles of paperwork with digital forms Accountants are tasked with making critical financial decisions for their businesses and clients. With vital information always at the forefront of their day, it’s important to remain organized and have accurate, real-time data. Paper-based methods make this nearly impossible to accomplish as paper forms can create cluttered paperwork, become lost over time, and require tiring, manual record-keeping.

Clients 15