Tue.Dec 26, 2023

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How analysts see 2024 shaping up for mortgage lenders

Housing Wire

Kyle Joseph, a specialty finance equity research analyst at Jefferies , believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry. “Barring any sort of unforeseen consequences, I’d like to think so , ” Joseph said in an interview. “Obviously, this cycle was fast and furious – for lack of a better term – in terms of how quickly rates went up, and volumes basically got cut into a third of what they wer

Mortgage 508
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Home prices hit record highs, with more gains likely

Real Estate News

Despite 8% interest rates in October, annual home price growth continued to increase in most markets, the latest Case-Shiller report shows.

Marketing 300
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Home prices climbed in October at fastest annual rate

Housing Wire

Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. Real estate experts say the performance reflects limited inventory in the country, a problem expected to continue in 2024. The data released on Tuesday shows that home prices in all nine U.S. census divisions posted a 4.8% annual gain in October, up from a 4% gain in the previous month.

Inventory 500
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Trends 2024: The 4 portal giants and the battle for dominance

Real Estate News

Home search sites have become an integral part of the real estate industry, for agents and consumers alike. Where do they stand, and what’s next for portals?

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Hackers accessed data of 1.3M customers in Fidelity cyberattack

Housing Wire

Mortgage subservicer Loancare informed authorities that the data of about 1.3 million customers was compromised following a cyberattack in November on its parent company, the big four title firm Fidelity National Financial (FNF). This data includes customers’ social security numbers. The company informed officials in Maine and California that 1,316,938 customers had information accessed by hackers during the incident.

Law 491
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The top 10 real estate advice articles of 2023

Inman

This year's top how-tos run the gamut from commission conversations to content creation. Ranked by highest readership, here are the top how-tos from Inman contributors this year.

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After a big 2023, make no mistake: Artificial intelligence is here to stay

Inman

A year after ChatGPT burst onto the scene, real estate professionals told Inman that AI and AI-backed companies are on the way to becoming a baked-in part of the modern real estate business.

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7 best real estate schools in North Carolina (NC) for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. You’ll need to complete 75 hours of prelicensing classes to get licensed as a real estate agent in North Carolina. We’ve done the research for you, evaluating the many courses available to pinpoint the best real estate schools in North Carolina to help you pass the state exam and set you up for early career success.

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Connections that last should be the foundation of your business

Inman

Las Vegas Realtor and new Inman contributor John Sullivan says lasting success in real estate comes less from transactions and more from connections that are nurtured for the long term.

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The Best Communication Tool I’ve Used

The Appraiser Coach

I’ve used a number of communication tools over the years. I started with Heytell, and loved the walkie-talkie feature. I used that program for several years before moving to Voxer, which had a similar feature. Most recently, I was using WhatsApp, which can do talk, text, video, and still has the walkie-talkie feature (I really like that one, can you tell?).

Tools 150
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Will Perisphere and other AI-fueled startups pilfer clients from agents?

Inman

Perisphere uses an onboard computer vision solution and 0 percent commission model to help consumers self-direct transactions. And it's using current consumer sentiment against agents to promote the tool.

Agents 189
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Top Posts: Building Materials

Eyes on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Trends concerning building material pricing were examined monthly by David Logan. In May, David reported on a pivot for aggregate building material price growth. Building Materials Prices Fall for Second Month Straight This December post details.

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The race to the bottom is about to begin in the real estate industry

Inman

According to New Orleans Realtor Grant Clayton, it's time for the real estate industry to stop arguing about what's best for agents and lean in by doing what's best for clients.

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ICE solidifies position as the dominant player in the mortgage tech space in 2023

Housing Wire

The mortgage tech industry has taken its fair share of punches in 2023. But for Intercontinental Exchange, Inc. (ICE), it was a year of solidifying its dominance in the mortgage space. It’s been more than a year since ICE’s acquisition of mortgage data juggernaut Black Knight for $11.9 billion , the watershed moment in the mortgage tech space that integrated two of the industry’s biggest rivals.

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Domicile takes gamification of Zillow-scrolling to whole new level

Inman

The app is the first-ever game to pull real-time MLS data to merge gaming with an ever-changing real estate market where users can guess home prices and connect with agents.

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Top Posts: Home Price Trends

Eyes on Housing

With the end of 2023 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. Jing Fu provided a recent analysis of recent metro price dynamics.

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Title insurer First American and many subsidiaries remain offline

Inman

The Dec. 20 cybersecurity incident has derailed closings and generated complaints about the lack of communication since the company took some systems offline.

Insurance 184
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Commercial Real Estate: The “Buy Box” for Buying BIG Properties

BiggerPockets

For the past year, commercial real estate has been the disappointing big brother of rental properties. As housing prices went up, commercial real estate prices went down.

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Dava Davin on running the No. 1 indie brokerage in Maine

Inman

The brokerage owner sat down with Inman ahead of her appearance at Inman Connect New York in January to discuss career shifts, the market and what's ahead in 2024.

Brokerage 179
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6 best Michigan real estate schools for 2024

Housing Wire

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. To find the best Michigan real estate school with expert instruction and valuable study resources, look no further than our Michigan real estate school guide. From Ann Arbor to Grand Rapids and Birmingham, MI, we’ve done extensive research to find the leading real estate classes in Michigan to help make your new career a reality.

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House Hacking spiked amid COVID. In 2024, it will be a household name

Inman

Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind.

Investors 170
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Home prices increased 6.3% over last year in October: FHFA

Housing Wire

U.S. house prices increased year over year in October, according to the Federal Housing Finance Agency (FHFA) House Price Index. However, the data shows it slowed down compared to the previous month. In fact, home prices climbed 6.3% from October 2022 to October 2023, compared to 5.5% year over year in September, according to the FHFA HPI released on Tuesday.

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LoanCare says data breach affected 1.3M mortgage customers

Inman

Parent company Fidelity National Financial has not said whether other subsidiaries were affected in cybersecurity incident it discovered and contained in November.

Mortgage 175
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Understanding Property Title Holding in the United States

Eppraisal

In the intricate world of real estate, the concept of how a title is held is crucial for both professionals and homeowners. Whether you're a seasoned real estate agent or a first-time homebuyer, comprehending the nuances of title holding is essential. In the United States, the intricacies of property ownership are influenced by various factors, with or without a mortgage.

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US home prices tally biggest uptick of 2023 amid steep mortgage rates

Inman

The S&P CoreLogic Case-Shiller National Home Price Index posted a yearly increase of 4.8 percent during October, their fastest annual rate increase of 2023.

Mortgage 174
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Anthony Lamacchia’s 2024 Predictions

Lamacchia Realty

ANTHONY LAMACCHIA'S 2024 REAL ESTATE MARKET PREDICTIONS Anthony is obsessed with tracking the data and in this article written at the end of 2023 he explains how the market is shaping up based on trends and what Buyers and Sellers can expect in 2024. The worst is behind us, but we are not out of the woods 2023 was surely a year to remember in the world of real estate.

Sellers 74
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MyHome expands menu of lender services with Volly acquisition

Inman

Volly's customer relationship management, lead conversion and portfolio retention tools will be offered to lenders through WFG Enterprise Solutions.

Tools 168