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.

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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.

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Altos Research housing market predictions for 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update.

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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.”

Appraisal 111
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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.

Mortgage 310
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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 147

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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. Agent Marketing New Agent Opinion Select Service Teams Technology AI artificial intelligence Chris Pollinger technology for real estate

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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.

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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. Markets & Economy Select Chen Zhao mortgage rates Redfin reports research

Buyers 144
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Townstone wins order to dismiss CFPB’s redlining lawsuit 

Housing Wire

A federal judge in Illinois ruled in favor of Townstone Financial Inc. and its owner, Barry Sturner, on a motion to dismiss with prejudice a redlining lawsuit filed by the Consumer Financial Protection Bureau (CFPB).

Legal 251
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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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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.

Retail 53
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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.

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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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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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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

Lending 60
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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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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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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. Agent Select Service Technology Video Adobe Premiere Pro audible Audience.co

Tools 136
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USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The layoffs at USAA Federal Savings Bank represent about 1.6%

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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. Agent Industry News Service Inman top 5 top 5

Agents 129
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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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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 126
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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. But the profession is being killed off by (mostly white!)

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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 124
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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.

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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. Agent Lifestyle Luxury Luxury Lens New Agent Opinion Select Service Technology Video brandon doyle smart home

Agents 119
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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.

Marketing 107
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Purchasing & Developing Land - Part 4 - Zoning & Permitting for Development

Eppraisal

Having bought and assumed ownership of a raw land lot (or lots), the new owner faces the challenge posed by local rules and regulations. Ideally, this comes as no surprise and the owner is prepared to do what is necessary to bring the property into legal compliance.

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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!

Realty 36
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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? As we start to move deeper… Investor Blogs Real Estate News And Analytics Financing Location Market Analysis Mortgage Property Prices Real Estate Data

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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? Or, […] Real Estate Rookie Podcast

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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