Housing Wire
JANUARY 13, 2023
This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.
Eyes on Housing
JANUARY 13, 2023
In May of last year, Eye on Housing reported on historically widespread shortages of building materials. Since then, most of the shortages have eased; the major exceptions being shortages of HVAC equipment and certain categories of ceramic materials (ceramic tiles, clay bricks and cement-based building materials), which have gotten slightly worse. NAHB has been tracking shortages of building materials and.
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Housing Wire
JANUARY 13, 2023
Like its nonbank competitors, Wells Fargo , JPMorgan Chase and Bank of America operated in a highly challenging mortgage market in 2022. But quarterly earnings released on Friday also revealed that the top depository lenders struggled more than the overall mortgage market in the final three months of the year, perhaps an omen of what’s to come. “The fourth quarter results were weaker than we expected,” a team of mortgage lending analysts at Keefe, Bruyette & Woods wrote in
Eyes on Housing
JANUARY 13, 2023
According to the U.S. Census Bureau’s latest estimates, the U.S. resident population grew by 1,256,003 to a total population of 333,287,557. After a historically low growth rate of 0.16% between 2020 and 2021, the U.S. population grew at a rate of 0.38% between 2021 and 2022. The increase in the population growth rate reversed a 6-year trend of declining population.
Housing Wire
JANUARY 13, 2023
Wisconsin-based mortgage lender Waterstone Mortgage Corp. promoted Rico Garcia to vice president of enterprise risk from director of quality control, portfolio risk management and vendor management. In his new role, Garcia will supervise the quality control, title services, portfolio risk management and compliance teams at the company. In addition, he will work with other teams to lead cross training and improve communication with both internal and external customers.
Inman
JANUARY 13, 2023
Era Ventures led the funding round for New York-based Welcome Homes, an online home construction platform that elevates the design and buy process of new property construction.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JANUARY 13, 2023
National Association of Realtors' membership edged ever closer to 1.6 million in 2022, but the real estate trade group expects a drop this year, according to data provided to Inman.
Housing Wire
JANUARY 13, 2023
“Dominate The One’s” was born out my appreciation for a tactic that was taught to me some 32 years ago and my frustration with how we in sales try to overcomplicate the simplest tasks in business. The year was 1990. And in my sixth-grade English class, I learned one of the most important business lessons I still follow and teach. This is where I was introduced to K.I.S.S.
Inman
JANUARY 13, 2023
By staying up-to-date on these trends and adapting their social media strategies accordingly, real estate professionals can position themselves for success in 2023 and beyond.
Appraiserblogs
JANUARY 13, 2023
Meanwhile, cratering home prices are eroding demand for the junk-rated credit transfers. As mortgage giants Fannie and Freddie bend the knee to their political overlords, they securitize ever riskier loans. It’s a sign of the times. But while no one was looking, the twins – who wield the full faith and credit of the U.S. government – began quietly offloading this surplus risk in the form of so-called “credit-risk transfers.
Inman
JANUARY 13, 2023
Economic uncertainty is putting pressure on real estate agents' databases. Hot leads have simmered, and suddenly business is harder to come by. That's why referrals are more valuable than ever.
Riverfront Appraisals
JANUARY 13, 2023
If you’ve been following me for any length of time, you know I’ve talked a lot about market value. And, the reason for this is that there is so much confusion around this term. Way too many people still think that market value is simply what a buyer is willing to pay for a property. […]. The post FAQ #2: What’s the Difference Between Appraised Value and Market Value?
Inman
JANUARY 13, 2023
If you’re looking for a way to keep your upfront costs down but still have a steady flow of leads coming into your business, Jimmy Burgess recommends these companies.
Appraisal Today
JANUARY 13, 2023
Appraiser Scam – Be Careful! Posted Jan 5 on National Appraisers Forum. This was also posted in the 100% Appraisers group on FaceBook as happening to others. “Last week, I received a text from “Master Chief Robert Roy” requesting an appraisal for a cash purchase. I thought it was odd that he was addressing himself by his rank as I do work for the VA and no service member has ever done that in my experience.
Inman
JANUARY 13, 2023
In a bold move to start the new year, a SERHANT. representative pitched the brokerage's training and coaching programs to BHS CEO Bess Freedman, although BHS already has its own in-house programs.
BiggerPockets
JANUARY 13, 2023
On January 12, new Consumer Price Index (CPI) data was released for December, showing falling inflation rates across the board. The headline CPI, the broadest measure of inflation in the U.S., dropped […].
Inman
JANUARY 13, 2023
The biggest redlining settlement in DOJ history is the fifth enforcement action since the launch of the initiative to combat redlining in 2021, with $75 million in relief to date. City National denied that it engaged in redlining.
BiggerPockets
JANUARY 13, 2023
Tenant not paying rent? Debating whether a year-long, six-month, or month-to-month lease is best? Don’t know how to estimate rent for a new unit? On this week’s Rookie Reply, we’re […].
Inman
JANUARY 13, 2023
The three-bedroom, three-and-a-half-bathroom property at 133 E. 64th St. on the Upper East Side sat on the market for 7 months without an offer, according to a report.
Mortgagebroker News
JANUARY 13, 2023
Assisting brokers in meeting the needs of a changing market has been a big priority, executive says
Inman
JANUARY 13, 2023
Chris and Roberta Hanley designed a 5,500-square-foot home with mirrored glass to reflect the surrounding 70 acres of desert landscape near Joshua Tree National Park.
National Association of Realtors
JANUARY 13, 2023
NAR raised concerns about not limiting the number of comparable properties offered in the appraisal reconsideration policy.
Inman
JANUARY 13, 2023
As part of the deal, the real estate franchisor also agreed to create a task force to 'enhance compliance' with the Telephone Consumer Protection Act.
Mortgagebroker News
JANUARY 13, 2023
New $500 million fund will help non-profits get building slates for renovation or redevelopment
Inman
JANUARY 13, 2023
Sometimes quitting is the right thing to do, writes broker Teresa Boardman. Having a plan first is a good idea but not absolutely required.
Mortgagebroker News
JANUARY 13, 2023
Declines in home prices and sales could be set to level off, suggests TRREB analyst
Inman
JANUARY 13, 2023
The opening of two new shops in Playa Hermosa/Papagayo and Tamarindo marks the global luxury brokerage's first foray into Central America.
Mortgagebroker News
JANUARY 13, 2023
We preview some of the trends that are set to emerge in this year’s market
Inman
JANUARY 13, 2023
Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Jan. 6-12, 2023.
Mortgagebroker News
JANUARY 13, 2023
BoC rate increases are playing a significant role in aggravating risks
Inman
JANUARY 13, 2023
Whether you’re a real estate agent or a homeowner, market conditions in 2023 are going to vary wildly across the country. Bernice Ross talks with Rick Sharga of Attom Data about what to expect next.
Housing Wire
JANUARY 13, 2023
Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages.
Inman
JANUARY 13, 2023
ListAssist is an ideal solution for real estate marketing teams tasked with cranking out original copy day after day, the creatively drained agent and the tech-savvy team that wants to further automate business tasks they find tedious.
Mortgagebroker News
JANUARY 13, 2023
Economist breaks down the hits and misses of the central bank's approach
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