Housing Wire
AUGUST 30, 2023
HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market , and more specifically about today’s pending home sales data. Mohtashami explained how demand for existing homes is still trending near 21st-century lows. As long as mortgage rates stay near 23-year highs, Mohtashami believes we will see softness in data.
Real Estate News
AUGUST 30, 2023
Pending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.
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Housing Wire
AUGUST 30, 2023
Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).
Real Estate News
AUGUST 30, 2023
Emily Clark, president of Robert Paul Properties, discusses her top goals for the year and why agents should pay more attention to the industry.
Housing Wire
AUGUST 30, 2023
A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.
George Dell
AUGUST 30, 2023
You MUST make adjustments. Everybody knows that! Or not. In USPAP and The Appraisal of Real Estate (TARE) we have two predominant topical sources. The USPAP standards do not require adjustments. The word “comparable” is not defined, nor is the word “adjustment” found in USPAP. Nothing about adjustments nor picking comps. However, we note that […] The post Imaginary Adjustments?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
AUGUST 30, 2023
To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month.
Housing Wire
AUGUST 30, 2023
Mortgage applications for home purchases and refinances increased for the first time in five weeks but remain at low levels. For the week that ended Aug. 25, mortgage applications picked up 2.3% from the prior week , according to data from the Mortgage Bankers Association. “ Mortgage rates were mostly unchanged last week, with the 30-year fixed rate remaining at 7.31 percent – the highest since December 2000.
Inman
AUGUST 30, 2023
After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.
Housing Wire
AUGUST 30, 2023
Since last weekend’s New York Times exposé of alleged sexual harassment and a “culture of fear” at the National Association of Realtors (NAR), speculation about what happens next at the trade association has been in overdrive. HousingWire has heard from several sources that NAR, which serves more than 1.5 million real estate professionals , has planned an emergency leadership team meeting for Thursday, which may result in resignations.
Inman
AUGUST 30, 2023
Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.
Housing Wire
AUGUST 30, 2023
Freddie Mac on Wednesday announced that company veteran Peter Lillestolen will serve as vice president, production and sales of Targeted Affordable Housing (TAH) at Freddie Mac Multifamily. Lillestolen, a 12-year veteran of the government-sponsored enterprise (GSE), has worked in multifamily in several different roles. He began his career there as an analyst in the Capital Markets division, later serving in various leadership roles on the production team.
Inman
AUGUST 30, 2023
From Janelle Brevard's harassment suit to the fallout that ensued following the resignation of National Association of Realtors president Kenny Parcell, stay up to date with NAR coverage here.
Housing Wire
AUGUST 30, 2023
After stepping into his new position as CEO of Realtor.com in June, Damian Eales is already shaking up the industry with swift action and a bold expansion plan. Last week, at the Tom Ferry Sucess Summit in Dallas, Eales took the stage for a fireside chat with Ferry where he shared his vision for the company’s future and how it plans to supplant Zillow as the No. 1 real estate portal.
Inman
AUGUST 30, 2023
Real estate professionals are preparing for painful changes and the upending of the status quo if courts rule in favor of plaintiffs in two key lawsuits, a survey on commissions conducted by Intel shows.
Housing Wire
AUGUST 30, 2023
Fast-growing firm The Real Brokerage is welcoming yet another top-performing agent to the company. Arizona-based David Newman and his 12-member team, David Newman Partners, are moving to The Real Brokerage, according to an announcement on Wednesday. Newman and his team serve clients in Phoenix, Scottsdale , Paradise Valley and Southeast Valley. According to the release, his team closed nearly 500 transaction sides worth roughly $300 million in sales volume in 2022.
Inman
AUGUST 30, 2023
Richard E. Kellogg's text messages to a RE/MAX agent led to the evacuation of the agent's office. The Indiana suspect now faces intimidation charges in addition to fraud charges leveled in July.
Housing Wire
AUGUST 30, 2023
In the competitive world of real estate recruitment, brokerages fight for the attention and loyalty of talented agents who can drive their success. As the lifeblood of the industry, agents play an important role in attracting clients, closing deals and determining the ultimate profitability of a brokerage. For real estate firms, recruiting a high number of agents as well as recruiting the best-fit agents for your firm is the key to long-term success.
Inman
AUGUST 30, 2023
As the industry reels from The New York Times investigation into sexual harassment at the National Association of Realtors, Bernice Ross pored over the ever-changing response to the scandal.
Eyes on Housing
AUGUST 30, 2023
According to NAHB analysis of the Survey of Construction (SOC), new single-family starts decreased in 2022. Nationally, 1,018,495 new single-family units started construction in 2022, 10% fewer than the number of units started in 2021. It marked the first decrease since 2011 but was still the second highest count since the Great Recession. Among all nine Census divisions, the South.
Inman
AUGUST 30, 2023
Building on upward momentum from June, pending home sales rose 0.9 percent in July even as analysts expressed doubt the rally would last, according to new National Association of Realtors data.
Boston Appraisal
AUGUST 30, 2023
In today’s increasingly complex financial landscape, Certified Public Accountants (CPAs) are the unsung heroes behind successful businesses. Their role is multifaceted, touching upon asset valuation, regulatory compliance, risk management, and more. One essential yet often overlooked component of their job involves real estate appraisals. Here, we delve into some of the key intersections between CPAs and real estate appraisals, incorporating insights from our appraisers.
Inman
AUGUST 30, 2023
Funds will go to short-term emergency rental assistance, eviction defense, tenant outreach and education, direct cash assistance for low-income seniors and individuals with disabilities, tenant protections and affordable housing development, according to reports.
The Robert Weiler Company
AUGUST 30, 2023
Some people consider spring and summer the perfect time to clean out their attic. However, March through August is also prime time to find amazing deals on commercial real estate in Central Ohio! These months are also an efficient timeframe to relocate businesses, as inclement weather during the fall and winter can impede the process. For commercial real estate investors, it may seem like a no-brainer.
Inman
AUGUST 30, 2023
The arcane volunteer structure at the National Association of Realtors prevents proactive decision-making and erodes individual accountability, Brad Inman writes.
Birmingham Appraisal
AUGUST 30, 2023
A Look at Why Your Home May Not Appraise for The Expected Value When it comes to selling or refinancing your home, one of the crucial steps is the appraisal process. Appraisals determine the market value of your property, which affects your ability to secure a loan or make a profitable sale. However, it’s not uncommon for homeowners to be disappointed when the appraisal value doesn’t match their expectations.
Inman
AUGUST 30, 2023
Over the past six years, a mysterious entity known only as Flannery Associates quietly scooped up nearly $900 million in farmland outside the Bay Area. Now investors behind the plan have been revealed.
BiggerPockets
AUGUST 30, 2023
As Hurricane Idalia barrages the Florida coastline, we've found the cities with a lower level of risk from natural disasters compared to the most at-risk markets.
Inman
AUGUST 30, 2023
One day into Tracy Kasper's term as president of the National Association of Realtors, some agents have raised doubts about her ability to set the 115-year-old organization on the right path.
BiggerPockets
AUGUST 30, 2023
Great deals are great, right? But how much do you sacrifice when waiting for one? Sometimes, it might make sense to get an "okay" deal instead. Here's why.
Inman
AUGUST 30, 2023
Even as real estate companies cut costs and narrowed losses in the second quarter of 2023, the third quarter may deliver the truest test of their financial mettle, Mike DelPrete told Intel.
Clear Capital
AUGUST 30, 2023
AURA is the first AI-driven appraisal review solution in API format that enables lenders to automatically assess images, text and floor plans. Reno, NV – August 30, 2023 – Clear Capital , the national real estate valuation technology company, today announced a partnership with LenderX , a leading real-estate valuations SaaS provider, to deliver its lenders access to AURA , Clear Capital’s automated collateral underwriting solution.
Inman
AUGUST 30, 2023
From financing to contingencies, Eric Bramlett walks you through creating a compelling contract to come out on top in multiple offer scenarios.
Mashvisor
AUGUST 30, 2023
As the short-term rental market continues to reach new heights, effective Airbnb management has become more critical than ever before.
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