Housing Wire

AUGUST 2, 2023

Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has acquired Bonzo – a relationship management and mortgage marketing platform. Ohio-headquartered Bonzo will operate as an independent service provider that is led by the current leadership team, which includes co-founder and president Jason Perkins, co-founder and COO/CRO Miles Miller, and CEO Chad Jampedro.

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Real Estate Brokerage Tools Clients 370

Sacramento Appraisal Blog

AUGUST 2, 2023

Sellers have been sitting, and it’s been a game-changer for the housing market in 2023. It’s also made valuations more difficult. Today I want to share some stats and talk about appraising in today’s market. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 8/18/23 Details TBD 8/29/23 Elk Grove Regional MLS Meeting 10/23 […] The post Dear sellers, the housing market misses you first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Sellers Housing Market Marketing Valuation 266

Housing Wire

AUGUST 2, 2023

Daryl Owen , the founder of top California independent brokerage Nationwide Real Estate Executives , is joining eXp Realty and taking 200 agents along with him. In 2022, his team closed $887 million in sales on 1,091 transactions, with an average home price of $740,000, eXp said in a statement Wednesday. RealTrends couldn’t independently confirm those figures; NRE has not submitted data to the RealTrends brokerage rankings since 2019.

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Brokerage Real Estate Realty Property Management 370

George Dell

AUGUST 2, 2023

The USPAP “Competency Rule” is straightforward. It says you must be competent! For any given assignment, “being competent” requires the appraiser to: “properly” identify the problem; have knowledge and experience to be competent; recognize and comply with applicable laws and regulations. Editor’s Note: This is Standards, part 3.9 of George Dell’s series on How Do […] The post “The” Competency Rule v Today’s Best Practices?

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Housing Wire

AUGUST 2, 2023

Despite a $35 million net loss in the second quarter, Zillow saw a slight annual increase in revenue to $506 million, beating Wall Street’s estimates. As a result, the company’s executives told investors and analysts that they were pleased with the firm’s second quarter performance, especially in touring, financing, and renting. “Zillow outperformed the broader industry for the fourth consecutive quarter as we navigate a tough real estate market,” said Zillow cofounder and CEO Rich Barton

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Agents Finance Sellers Housing Market 370

Real Estate News

AUGUST 2, 2023

Emily Chenevert, CEO of ABoR and the newly rebranded Unlock MLS, wants Austin buyers and sellers to associate "MLS" with more than just soccer.

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Real Estate News

AUGUST 2, 2023

The company's net income of $2 million was an improvement after losses in Q1, while revenue fell by more than 10% and U.S. agent count dropped by 6.3%.

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Agents 212

Housing Wire

AUGUST 2, 2023

HousingWire Lead Analyst Logan Mohtashami appeared on CNBC ‘s Worldwide Exchange on Wednesday to talk about the health of the housing market , explaining the effect of high mortgage rates and low inventory on existing home sales. Using data from Altos Research , Mohtashami explained how new listings are trending at the lowest levels ever recorded.

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Housing Market New Listings Inventory Marketing 370

Real Estate News

AUGUST 2, 2023

NAR’s midyear forecast touched on a variety of trends, highlighting increased moving distances as a notable recent change.

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Housing Wire

AUGUST 2, 2023

Engel & Völkers , the global luxury real estate brand, just partnered with Dilbeck Real Estate , one of Southern California’s top real estate teams. Approximately 400 Dilbeck agents and support staff will operate under the Engel & Völkers brand. Additionally, nine office locations will convert to Engel & Völkers shops. The nine office locations are in Los Angeles and Ventura counties, including Burbank, San Marino, Camarillo, La Canada Flintridge, Glendale, Encino, Pasadena, Santa Cl

Real Estate 370

Real Estate Brokerage Agents Business 370

Real Estate News

AUGUST 2, 2023

Overall revenue was up from Q1 and slightly higher year-over-year, but net losses continued to mount.

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Housing Wire

AUGUST 2, 2023

For all the confusion and volatility that the pandemic caused the mortgage industry, it was clear that the near-zero interest rates were always going to be temporary. After many warnings, The Fed finally made its move in March 2022. Its aggressive inflation-crushing policy extinguished the greatest refi market in history – these days, nearly 90% of residential mortgage originations are purchase loans.

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Marketing Business Retail Lending 369

Real Estate News

AUGUST 2, 2023

The iBuyer reduced losses and acquired more homes over Q1, but sales and revenue dipped significantly.

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Housing Wire

AUGUST 2, 2023

Government-sponsored enterprise Fannie Mae this week released new updates to its appraiser independence requirements (AIR), and also established new property data independence requirements (PDCIR) simultaneously. Fannie Mae published a new frequently asked questions (FAQ) document related to AIR this week. Lenders typically use appraisal management companies (AMCs) to transfer the compliance burden associated with AIR.

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Appraisal Valuation Design Modernization 368

Inman

AUGUST 2, 2023

In the last month, the East Coast-based brokerage has made two strategic acquisitions as the company works to bolster its presence in southeastern Massachusetts and Rhode Island.

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Realty Brokerage Realtors Real Estate 148

Eyes on Housing

AUGUST 2, 2023

The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported the U.S. homeownership rate at 65.9% in the second quarter of 2023, amid persistently tight housing supply. The homeownership rate remained statistically unchanged from the first quarter reading (66%). Compared to the peak of 69.2% in 2004, the homeownership rate is 3.3 percentage points lower and remains below the 25-year average rate.

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Inman

AUGUST 2, 2023

The company lost $38 million between April and June, though it did see revenue tick up slightly. Zillow also described 2023 as "crucial," in a newly published earnings report.

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Marketing Technology Agents 148

Eyes on Housing

AUGUST 2, 2023

An earlier post revealed that 69% of buyers who were actively engaged in the process of finding a home in the second quarter of 2023 have spent 3+ months searching for a home without success. The inability to find an affordable home remains the most common reason buyers looking for 3+ months can’t make a purchase, cited by 38% (although.

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Buyers 113

Inman

AUGUST 2, 2023

A 35-home listing on Zillow has prompted debate over displacement and institutional investment — and pushback over a TikToker's claim that an 'entire neighborhood' was about to hit the market.

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Investing Marketing Realtors Technology 148

Appraisal Partners Blog

AUGUST 2, 2023

Introduction Home appraisals and sale prices are two integral components of the real estate market that often spark curiosity among homebuyers, sellers, and industry professionals alike. It is a common belief that home appraisals should precisely match the sale price, ensuring fair and accurate property valuations. In this blog post, we will delve into the […] The post The Synchrony of Home Appraisals and Sale Prices: Unraveling the Mystery appeared first on Appraisal Partners.

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Appraisal Valuation Real Estate Sellers 78

Inman

AUGUST 2, 2023

Mortgage giants Fannie Mae and Freddie Mac continued to grow their net worth as firm home prices and low default rates allowed them to release billions of dollars previously reserved for losses.

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Mortgage 147

GoForrmz

AUGUST 2, 2023

How GoFormz can transform your home health care business Home care businesses play a critical role in the healthcare system. They provide medical services and personalized care to patients in the comfort of their homes. However, it can be a physically and mentally demanding industry. From managing patient records to ensuring compliance, home health care has many responsibilities.

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Business Modernization Technology Design 78

Inman

AUGUST 2, 2023

New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders' listings while aiding consumers.

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Construction Inventory Technology Brokerage 145

Birmingham Appraisal

AUGUST 2, 2023

A Guide to Selecting the Right Appraiser Selecting a real estate appraiser is a crucial decision that can significantly impact your financial transactions and investments. Whether you’re a homeowner looking to make improvements, an agent who needs a pre-listing appraisal, or an attorney or accountant who requires a certified appraisal, a well-qualified and experienced appraiser is essential for accurate property valuation.

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Appraisal Agents Valuation Real Estate 70

Inman

AUGUST 2, 2023

The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs.

Buyers 146

Buyers Realtors 146

Lamacchia Realty

AUGUST 2, 2023

August 2, 2023 – Lamacchia Realty has been featured in a new article from RISMedia, where the rapid growth of the brokerage over the last nine months is highlighted. The article discusses Lamacchia Realty’s expansion into Southington, CT , Salem, NH , and its recent acquisitions in Cape Cod and Fall River. You can read the whole article by clicking here , or on the picture to the right.

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Realty Brokerage Real Estate Marketing 61

Inman

AUGUST 2, 2023

Having unloaded almost all of its older inventory, the iBuyer ramped up home acquisitions by 131 percent, to 840 homes, in the second quarter of 2023 and expects positive adjusted earnings by year's end.

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Inventory Marketing 142

Mortgagebroker News

AUGUST 2, 2023

A surprisingly resilient economy and underlying demand point to positive signs ahead, says company president

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Marketing Mortgage 67

Inman

AUGUST 2, 2023

For all its bluster, CoStar Group likely doesn't think it can overthrow Zillow to become real estate's top portal, Mike DelPrete tells Intel. Here's what the commercial real estate giant is really after.

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Real Estate Technology 141

Mortgagebroker News

AUGUST 2, 2023

Canada's economy continues to see inflationary pressures from a robust jobs market and record-breaking population growth

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Marketing 62

Inman

AUGUST 2, 2023

The funds will go toward general operations and services expansion to help the space "better understand the impact of location," according to a company announcement.

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Finance Technology Marketing 142

BiggerPockets

AUGUST 2, 2023

Home prices rose again in May. These markets are the ones climbing and falling the most.

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Marketing Housing Market 69

Inman

AUGUST 2, 2023

In today's Lesson Learned profile, find out how New York City's Reba Miller learned that your next big deal can come from anywhere — even lunch.

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Agents 148

Mortgagebroker News

AUGUST 2, 2023

Local governments are ideally situated to make a significant impact

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Government 67