Housing Wire
APRIL 18, 2023
Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau , and the last decade has resulted in a significant uptick in low-income homeowners’ home values. Between 2012 and 2022, the nationwide median value of homes owned by low-income households (households earning no more than 80% of metro area’s median income) rose 75%, or $98,910.
Real Estate News
APRIL 18, 2023
The industry’s leading iBuyer continues its struggle against housing industry headwinds, cutting about 560 employees, mostly in operations.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
APRIL 18, 2023
While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. This year, thus far, has been anything but that. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.
The Appraiser Coach
APRIL 18, 2023
Today I want to share a principle that I am very passionate about; this principle drives everything that I do! The principle is that people thrive when they love what.
Housing Wire
APRIL 18, 2023
PunchListUSA , a real estate technology platform digitizing home inspection data, has named Stefan Pampulov as its chief product and data officer. The firm is growing rapidly to offer instant repair estimates and scale through process automation. Pampulov will be responsible for the development of PunchListUSA’s proprietary products, data infrastructure, home lifecycle services, and predictive pricing models, according to the firm.
Real Estate News
APRIL 18, 2023
Constellation1 to support E&V websites; Elm Street providing marketing tools to Weichert; Restb.ai partners with Black Knight; LandOnEarth harnesses ChatGPT.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
APRIL 18, 2023
A recent NAR report found that while homeowners have generated significant wealth via appreciation, gains were uneven across income levels and ethnic groups.
Housing Wire
APRIL 18, 2023
According to Sawan Tivakaran, SVP, titlegenius Product Owner, “Homebuyers continue to cite the closing process as one of the most stressful events in their lives. Most feel this way because they don’t understand the process, what they are paying for or what is expected of them.” However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its
Inman
APRIL 18, 2023
In total, the company cut 560 positions, according to a statement Opendoor provided to Inman. The cuts, which were announced internally Tuesday morning, primarily focused on operations roles.
Housing Wire
APRIL 18, 2023
Higher interest rates pushed up profits for Bank of America (BofA) in the first quarter of 2023, but much like its depository peers, JP Morgan Chase and Wells Fargo , the mortgage business dropped by double-digits during this period. The bank posted a net income of $8.2 billion from January to March, rising 15.5% quarter over quarter and climbing from $7.1 billion during the same quarter last year.
Real Estate News
APRIL 18, 2023
Low inventory has kept home prices high, and builders can’t deliver new homes fast enough to meet the demand.
Housing Wire
APRIL 18, 2023
In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. For New American Funding (NAF), the country’s 33rd-largest mortgage lender , hedging is how the company was able to manage through the troughs of the mortgage business cycle, Rick Arvielo, co-founder and CEO of NAF, said in an interview with HousingWire. “We’re always looking for hedges,” Arvielo said.
Inman
APRIL 18, 2023
Rezora will leverage artificial intelligence to personalize email based on client segmentation and property interests, as well as enhance listing narratives, according to an announcement.
Housing Wire
APRIL 18, 2023
MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The launch of the working group comes at a time when HELOC s are an increasingly popular choice for homeowners who want to tap into their home’s rising equity while protecting their existing low mortgage rates.
Inman
APRIL 18, 2023
Join Inman Access to watch Nancy Almodovar share her marketing and branding tips to communicate your unique value proposition, elevate your business and take on the luxury market.
Eyes on Housing
APRIL 18, 2023
Single-family production showed signs of a gradual upturn in March as stabilizing mortgage rates and limited existing inventory helped to offset stubbornly high construction costs, building labor shortages and tightening credit conditions. This is reflected in the slight uptick in builder sentiment in April. Overall housing starts in March decreased 0.8% to a seasonally adjusted annual rate of 1.
Inman
APRIL 18, 2023
No metro in the U.S. held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them.
Eyes on Housing
APRIL 18, 2023
According to the latest Employment Situation of Veterans report released by the U.S. Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% in 2022–the second consecutive annual increase. The share has climbed 0.6 percentage point since 2020 and is just one-tenth lower than the most recent peak reached in 2019.
Inman
APRIL 18, 2023
Strategic marketing consultant Chrissie Rivers shared five reasons property managers might use artificial intelligence for managing properties. Then we asked ChatGPT for management advice.
Mortgagebroker News
APRIL 18, 2023
Alternative lending may be an option for borrowers with good credit as rising rates take a bite
Inman
APRIL 18, 2023
Proptech will continue to transform real estate across the rental, operational and residential journey, particularly as we develop more creative ways to deploy it.
Mortgagebroker News
APRIL 18, 2023
RBC poll reveals significant optimism among prospective entrants to the housing market
Inman
APRIL 18, 2023
A "penthouse" title alone isn't enough to get a seller top dollar anymore, according to a new report obtained exclusively by Inman from Jim St. André at Compass. Other factors play a key role, too.
Mortgagebroker News
APRIL 18, 2023
The leadership team at CWB Optimum Mortgage is obsessed with their employees' success
Inman
APRIL 18, 2023
The mortgage giant's quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022.
Mortgagebroker News
APRIL 18, 2023
MERIX Financial offers brokers a shot at the City of Lights with an annual reward incentive trip
Inman
APRIL 18, 2023
Sahil Kapoor will lead the new office, which is based in Delhi. The expansion comes amid a significant international push for Keller Williams, according to the company.
Mortgagebroker News
APRIL 18, 2023
New survey shows half of Canadians are still pessimistic about the economic future
Inman
APRIL 18, 2023
A one-year agreement calls for RESAAS and Rocket Mortgage Canada to share revenue generated by new mortgages, mortgage renewals and refinances.
Mortgagebroker News
APRIL 18, 2023
RESCON urges government to invest more in housing and infrastructure
Inman
APRIL 18, 2023
People do business with people they know, like and trust. So be that person, and you’ll watch your business soar.
Mortgagebroker News
APRIL 18, 2023
The annual rate is at its lowest level since August 2021
Eppraisal
APRIL 18, 2023
Buying your first home is an exciting and nerve-wracking experience. With so many things to consider and so much information to take in, it can be overwhelming. However, with the right preparation and guidance, you can make the process smooth and successful. Here are some tips for first-time homebuyers to help you navigate the journey: Determine your budget before you start looking at homes - It's essential to figure out how much you can afford.
Mortgagebroker News
APRIL 18, 2023
Activity is slowly gathering pace as prices stabilize
Expert insights. Personalized for you.
410 
Let's personalize your content