Housing Wire
JULY 28, 2023
High mortgages and stubbornly elevated home prices are worsening the housing affordability crisis. A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% from a year ago, according to a new report from Redfin. In June, the typical starter home sold for a record $243,000, up 2.1% from a year earlier and up more than 45% from before the pandemic.
Real Estate News
JULY 28, 2023
The system of sellers funding commissions, which are then shared between seller and buyer agents, goes back more than 100 years. Is it time for a change?
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Housing Wire
JULY 28, 2023
Mauricio Umansky ‘s residential brokerage The Agency is venturing into core services. Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. With Bubble Insurance Services, The Agency is launching its own affiliate insurance service, Agencia Insurance Solutions , which will serve new and past The Agency clients in California and Arizona.
Real Estate News
JULY 28, 2023
Nashville tops the list of cities with "just right" homes with ample square footage and big yards near urban centers.
Housing Wire
JULY 28, 2023
The importance of giving back to the community has never been more crucial or weighted with as much importance by the business world as right now. Real estate agents and business leaders play a pivotal role in improving the cities in which they operate, making community service an essential value to their professions. Not only does community service foster connection and belonging in the communities that agents serve, but it can also further develop and challenge agents to grow professionally an
Inman
JULY 28, 2023
The suit accuses now ex-CEO Mike Mercurio of using association credit cards for personal purchases, inflating his vacation time and selling items that the association paid for on eBay.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JULY 28, 2023
The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. "starter" home in 2023 — up 13 percent from a year ago, according to a report from Redfin.
Housing Wire
JULY 28, 2023
Like its big four counterparts First American and Old Republic, Stewart , the smallest of the four largest title underwriters , still managed to turn a profit despite challenging housing market conditions. “Our second quarter improved sequentially to the first quarter,” David Hisey, Stewart’s CFO, told investors and analysts on the firm’s second quarter 2023 earnings call Thursday morning.
Eyes on Housing
JULY 28, 2023
After a reprieve in the first quarter of 2023, buyers’ outlook for housing affordability turned bleaker again in the second quarter. According to the latest Housing Trends Report, 76% of buyers are able to afford less than half the homes for-sale in their markets, up from 73% in the first quarter of 2023. On the flip side, the share able.
Housing Wire
JULY 28, 2023
Despite recording stronger financial results during the second quarter of 2023 than the first, executives at both First American Financial and Old Republic did their fair share of bellyaching over current housing market conditions during their firms’ Q2 2023 earnings calls on Thursday. “We posted good results in the second quarter given the continuing market headwinds ,” Ken DeGiorgio, the CEO of First American , told investors and analyst’s during the firm’s second quarter earnings call.
Inman
JULY 28, 2023
Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state's luxury inventory thin.
Housing Wire
JULY 28, 2023
Ex-workers took action in a New York court this week to ensure that a $3.5 million settlement with Sprout Mortgage for unpaid wages goes through. It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3
Inman
JULY 28, 2023
Inspired by this summer's hottest TikTok dating trend, trainer Rachael Hite breaks communication down into three simple steps to start seeing results in your frosty pipeline.
Appraiserblogs
JULY 28, 2023
File the complaint against the AMC yourself OR Forward the engagement letter to VaCAP to file on your behalf. At the recent Virginia Appraisal Board Meeting on Wednesday June 28th, a discussion occurred about Appraisal Management Companies prohibiting appraisers from including their invoices with the appraisal report. The overall consensus of the Board Members was this practice could be a violation of Virginia Appraisal Management Company Statute § 54.1-2022 B.
Inman
JULY 28, 2023
With an influx of tech and entertainment giants like Tesla and Universal Studios, not to mention a rising tide of millennial buyers, Texas is bursting at the seams as agents rush to find new listings.
Eyes on Housing
JULY 28, 2023
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased 0.3% in June. The pace of personal income growth slowed after reaching a 0.7% monthly gain in January 2023. Gains in personal income are largely driven by increases in wages and salaries.
Inman
JULY 28, 2023
Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. "Nobody wants to sell anything today," he said.
GoForrmz
JULY 28, 2023
What is the File Attachment field and when is the best time to utilize it? What is the File Attachment Field? The GoFormz File Attachment field enables users to have even more control and flexibility over their digital forms. This feature allows users to include various types of files directly into their forms, using their mobile app or online portal – without being limited to existing field types.
Inman
JULY 28, 2023
Former Keller Williams NYC market center owners Ilan Bracha and Heim Binstock's battle for their 377 Broadway office is officially over as a new owner snapped it up at an auction for $11.3 million. The office went into foreclosure in 2018 after the duo broke their re-fi loan terms, according to a report.
Appraisal Today
JULY 28, 2023
Pesky Words. Keeping Appraisers out of Language Purgatory Appraisers: Be Careful with Your Words! by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. Here is the Link to the Bulletin.
Inman
JULY 28, 2023
Bryan Knisley previously ran his own brokerage and completed stints at RE/MAX and Keller Williams. He's bringing 27 agents with him to eXp, according to the company.
Houston Properties
JULY 28, 2023
Finding homes for sale in Houston is easy. Picking the right one can be challenging. We use data and experience to tell you which houses and areas you need to avoid.
Inman
JULY 28, 2023
Watch this week's Inman Access classes to learn how to take your business to the next level on your own timeline and discover communication strategies to better position your value.
BiggerPockets
JULY 28, 2023
The insurance industry was upended by the Internet, like many other industries. The key issue is that without agents who can guide you through coverage options for certain properties, you're left to your own devices. That can become an issue quickly.
Inman
JULY 28, 2023
Representation matters when marketing to the 26 percent of people with disabilities. In part four of her series, Rachael Hite looks at ways to make your marketing more meaningful.
Mortgagebroker News
JULY 28, 2023
The high-interest-rate environment is unlikely to subside anytime soon, says company VP
Inman
JULY 28, 2023
On today's Download, check out Compass' new tracker tool, then check out some of our best recent advice on keeping those past clients percolating through your pipeline.
Mortgagebroker News
JULY 28, 2023
Many five-year fixed-rate mortgage loans are about to end soon
Inman
JULY 28, 2023
Worried about recruiting and retention? Your agents hold the key to your brokerage’s success, and you hold the key to theirs through exceptional marketing, Doora Creative Director Janet Pozos writes.
BiggerPockets
JULY 28, 2023
How important is cash flow when analyzing real estate deals?
Inman
JULY 28, 2023
Driven in part by the popularity of the television series "Yellowstone," this area has experienced a surge of interest from high-net-worth-clients. Broker and real estate educator Robyn Erlenbush outlines the upside and the challenges of this luxury market.
Eppraisal
JULY 28, 2023
Artificial Intelligence (AI) has rapidly permeated various industries, and the real estate sector is no exception. The integration of AI technologies is revolutionizing the way people buy and sell houses, streamlining processes, enhancing decision-making, and providing new opportunities for buyers, sellers, and real estate agents. These innovations are reshaping the entire real estate landscape with a significant impact on the buying and selling of houses through: Enhanced Property Search One of
Inman
JULY 28, 2023
Co-ownership company Pacaso has rebounded from a slow start to 2023 with a bevy of new luxury-home acquisitions and its fastest ever sell-out: A four-bedroom, four-bathroom home in Cabo San Lucas, Mexico.
Mortgagebroker News
JULY 28, 2023
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