Housing Wire
FEBRUARY 28, 2023
The 2022 housing market was largely characterized by the swift slowdown in demand caused by rapidly rising mortgage rates. However, even as existing home sales fell 17.8% year over year in 2022, according to data from the National Association of Realtors , home prices still managed to rise 5.8% for the year as a whole, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday.
The Appraiser Coach
FEBRUARY 28, 2023
Principles are tremendously important tools we can use in our lives to affect change. A principle is an eternal truth. It can be applied across all circumstances, all times, all.
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Housing Wire
FEBRUARY 28, 2023
Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. “At Better, our mission is to make homeownership cheaper, faster and easier for all Americans,” Better CEO and founder Vishal Garg said.
Real Estate News
FEBRUARY 28, 2023
Mortgage provider Better unveiled Equity Unlocker, which allows Amazon employees to pledge company stock toward a home purchase.
Housing Wire
FEBRUARY 28, 2023
Independent mortgage lender New American Funding (NAF) has partnered with hyper-local news platform Patch to become its exclusive mortgage provider, the company announced on Tuesday. Through this partnership, NAF will be featured in Patch’s weekly newsletters in more than 1,200 communities nationwide, and the mortgage and real estate verticals on Patch’s community websites. “This partnership will put our company in front of millions of people, giving us a great opportunity to e
Real Estate News
FEBRUARY 28, 2023
The Case-Shiller and FHFA housing indices for December showed further cooling of home prices in all metros.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
FEBRUARY 28, 2023
Revenue was $1.1 billion, down 31% compared to Q4 2021, but cost-cutting measures may be stemming the tide of losses.
Housing Wire
FEBRUARY 28, 2023
Gathering of Eagles kicks off on June 18. It will be here before you know it! As the conference quickly approaches, so does the deadline to lock in the exclusive room rate for Omni Barton Creek in Austin, Texas. Take advantage of staying on the property and being close to all the conference sessions and networking events by locking in the Gathering of Eagles room price of $279/night before the block closes on May 18, 2023.
Real Estate News
FEBRUARY 28, 2023
The Washington-based real estate giant missed revenue estimates in Q4 but increased agent count to more than 86,000.
Housing Wire
FEBRUARY 28, 2023
Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. “Prosperity has been looking to add a direct-to-consumer business line for some time,” Justin Messer , president and CEO of Prosperity, said in a statement. “By adding JFQ’s technology stack, proven sales process, and seasoned leadership team, Prosperity is well positioned to execute its goal of becoming a significant force in the consume
Inman
FEBRUARY 28, 2023
New data from John Burns and Redfin shows that investor activity slowed toward the end of 2022 but still accounted for about a quarter of home sales. That's up from about 11 percent in 2001.
Housing Wire
FEBRUARY 28, 2023
Just two weeks after announcing the sudden retirement of longtime executive Jay Farner , Rocket Companies reported a fat financial loss in the fourth quarter of 2022, its largest ever. And things aren’t getting any easier in a depressed originations environment. The Detroit-headquartered lender suffered a $197 million non-GAAP net income loss in the fourth quarter, on the back of a $166 million loss in the third quarter, when the company also lost the title as America’s largest mor
Inman
FEBRUARY 28, 2023
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages.
Housing Wire
FEBRUARY 28, 2023
HousingWire recently spoke with Adam Carmel, founder and CEO of Polly, about the benefit of vendor options in a historically gridlocked tech ecosystem. HousingWire: Like most industries, the mortgage industry has historically had key, dominant players that lenders must work with in order to remain operational. Have you seen that pattern shift over the past year, or do you see that shifting in the future?
Inman
FEBRUARY 28, 2023
Former Keller Williams CEO John Davis says he wants his claims decided through a public trial rather than arbitration. KW says Davis's claims are "unsubstantiated, unwarranted, and disparaging.
Appraiserblogs
FEBRUARY 28, 2023
NPR topped the online edition of its article with the headline, “Black and Latino Homeowners are About Twice as Likely as Whites To Get Low Appraisals.” The problem? Freddie never called the appraisals “low.” While the Freddie Mac study finds no evidence of undervaluation, the NPR story about the study somehow does. Almost 30 years ago, Alan Sokal, now a professor of mathematics at University College London, perpetrated a memorable hoax.
Inman
FEBRUARY 28, 2023
As "motivator and chief encourager" of Berkshire Hathaway HomeServices, Budnick said she's bullish about the upcoming year. Agents who get down to business will thrive, she added.
Eyes on Housing
FEBRUARY 28, 2023
Seasonally adjusted home prices continued to fall in December and have declined for six consecutive months due to high mortgage rates and economic uncertainty. Locally, all 20 metro areas, reported by S&P Dow Jones Indices, experienced negative home price appreciation in December. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, fell at a.
Inman
FEBRUARY 28, 2023
In a market where listings are still scarce, a mid-career agent is having difficulties. What can the broker do for an agent in this position, who is completely strapped for cash?
Birmingham Appraisal
FEBRUARY 28, 2023
Homeowners, Don’t Make These Appraisal Mistakes When Selling Your Home As a real estate appraiser, I have seen many mistakes that sellers make during the appraisal process. These mistakes can significantly impact the value of a property and even lead to an appraisal being lower than the contract price. In this blog post, I will discuss some of the most common mistakes sellers should avoid during a real estate appraisal.
Inman
FEBRUARY 28, 2023
Home price growth fell 5.8 percent annually in December, down from a 7.6 percent gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation.
Kairos Appraisal Services
FEBRUARY 28, 2023
Wouldn’t it make things so much easier if there was a blog containing all the things residential appraisers want sellers to know about their home appraisals? We thought so too, because here it is! That’s right, we’re unveiling all the mysteries. (Well, maybe not all of them—you wouldn’t need us if you already knew everything.)… The post 5 Things Real Estate Appraisers Want You to Know appeared first on Kairos.
Inman
FEBRUARY 28, 2023
Having tough conversations about real estate can be difficult when the news isn’t ideal — but remember that your clients are asking you because they trust you and your expertise. By being prepared for these conversations, you are serving them when they need you most.
Mortgagebroker News
FEBRUARY 28, 2023
Neighbourhood Holdings marketing expert shares top insights for mortgage professionals to optimize their strategies
Inman
FEBRUARY 28, 2023
In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021.
Mortgagebroker News
FEBRUARY 28, 2023
'If employer is untruthful, misleading, or even unduly insensitive, they could be on the hook for additional money'
Inman
FEBRUARY 28, 2023
Analysts gave Zillow an "overweight" rating, which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year.
Mortgagebroker News
FEBRUARY 28, 2023
HomeEquity Bank explains how brokers can help clients access funds while remaining in their home
Inman
FEBRUARY 28, 2023
Agents shared the biggest "green flags" they find in good leaders and skills associated with emotional intelligence dominated responses. When leaders exhibit these qualities, team members are more likely to feel engaged, motivated and valued, leading to better overall team performance and satisfaction.
BiggerPockets
FEBRUARY 28, 2023
You’re not alone if you’re unfamiliar with land trust affiliate marketing. However, it is quickly becoming a popular real estate marketing strategy—and can be a highly effective one at that!
Inman
FEBRUARY 28, 2023
Rocket reported a $493 million fourth-quarter net loss even after slashing expenses by $202 million from the third quarter as revenue fell 81 percent from a year ago to $481 million. Rocket executives say they're focused on growing the company's share of the purchase loan market through partnerships with agents.
Mortgagebroker News
FEBRUARY 28, 2023
Higher provisions for credit losses fuelled a weaker year-over-year performance
Inman
FEBRUARY 28, 2023
EXp World Holdings' revenue increased 13 percent to $933 million in Q4 2022 as closed transaction sides and volume fell by 13 percent and 16 percent, respectively, according to an earnings call Tuesday afternoon.
Mortgagebroker News
FEBRUARY 28, 2023
The banking giant became the latest of the Big Six to release its Q1 financials
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