Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real es

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Sacramento Appraisal Blog

NOVEMBER 15, 2023

The housing market feels like leftovers right now. It’s that time of year where we see less new listings due to sellers hibernating for the holidays, and some of the existing inventory just feels as stale as Aunt Tina’s green bean casserole that nobody wants to see during Thanksgiving. Wait, did I say that out […] The post The housing market feels like leftovers first appeared on Sacramento Appraisal Blog.

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Housing Wire

NOVEMBER 15, 2023

Providence, Rhode Island-based Citizens Bank , the 28th largest U.S. mortgage lender, has decided to close its wholesale channel, which produced over $1 billion in volume in the first half of this year. “After careful consideration, Citizens has made the difficult decision today to discontinue originations in the mortgage wholesale channel,” Chace Gundlach, senior vice president and national sales director, said in letters sent to broker partners on Tuesday and reviewed by HousingWire.

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Retail Mortgage Brokerage Finance 441

Real Estate News

NOVEMBER 15, 2023

Willis previously held the top leadership position at Keller Williams Realty from 2005-2015 and had recently rejoined the company in a consulting capacity.

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Realty 304

Housing Wire

NOVEMBER 15, 2023

Both purchase and refinance applications increased to their highest weekly pace in five weeks after mortgage rates logged the largest decline in a year. Total home loan applications increased 2.8% for the week ending Nov. 10 compared to the previous week , according to weekly data from the Mortgage Bankers Association (MBA). The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

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Mortgage Marketing Finance 441

Real Estate News

NOVEMBER 15, 2023

Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.

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George Dell

NOVEMBER 15, 2023

EBV© (Evidence Based Valuation) is the future of professional appraisal. EBV is the best response (and advantage) to the dramatic changes in residential appraisal practice. Change in the nature of commercial/industrial valuation will follow, as it usually does. Editor’s Note: This is Standards, part 3.18 of George Dell’s series on How Do I Move to […] The post EBV© Now or Later?

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Valuation Appraisal 195

Housing Wire

NOVEMBER 15, 2023

Michigan-based United Wholesale Mortgage (UWM) wants to court more brokers by offering no-cost appraisals on 1-0 temporary rate buydowns amid fierce competition in the industry. The wholesale lender will cover up to $600 of the appraisal cost on all conventional and government-backed home loans until March 31 when a broker uses UWM’s 1-0 temporary rate buydown.

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Appraisal Real Estate Agent Sellers Government 431

Inman

NOVEMBER 15, 2023

Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring.

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Investors Mortgage Marketing 187

Housing Wire

NOVEMBER 15, 2023

The economic trifecta of rising interest rates , persistently high home prices and record undersupply is making home buying increasingly challenging. Every loan on your book matters more than ever; the next lead you have is your most important. The current business environment has left originators scratching their heads and trying new things. Luckily, the mortgage industry is cyclical, so let’s take a look at how you can turn a negative into a positive and grab clients’ attention through effecti

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Real Estate Agent Marketing Mortgage Real Estate 421

Eyes on Housing

NOVEMBER 15, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.

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Construction 187

Housing Wire

NOVEMBER 15, 2023

Plunk , an AI-powered home analytics platform, announced a proptech partnership with BHR , a housing data aggregator. Through this collaboration, BHR’s RealReports platform will integrate Plunk’s proprietary AI technology, making property data even more accessible to real estate professionals. Property research, comprehensive valuation and remodeling insights will all be available in one place.

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The Appraiser Coach

NOVEMBER 15, 2023

We’ve all been there before. You drive for an hour for an inspection. When you get there, you knock on the door, only to have it opened by the kids. You ask them if their parents are home, to which they respond, “No.” When you call the parents, they say something like, “Oh, I’m not home right now, but the kids will let you in.” Now what? Where do you go from there?

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Housing Wire

NOVEMBER 15, 2023

Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs. On average, homebuyers put down 14.7% of the home’s purchase price for a primary home in Q3, up from 13.6% one year ago, according to a Realtor.com report. The median down payment was $30,000 in Q3, up from $27,300 the same quarter a year ago.

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Mortgage Investing Housing Market Buyers 420

Inman

NOVEMBER 15, 2023

For weeks, the eyes of real estate's agents and leadership were on the Sitzer | Burnett trial. They shared their thoughts and fears as part of Intel's monthly real estate sentiment survey.

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Real Estate Agent Real Estate Agents Sellers 183

Housing Wire

NOVEMBER 15, 2023

Stavvy , a fintech firm specializing in digital and remote collaboration for lending and real estate companies, acquired SigniaDocuments, a technology suite from Texas-based lender Evolve Mortgage Services. Terms of the deal were not announced. Stavvy will acquire assets, including eClosing tools, eNote and eVault services, eRegistry capabilities for agency and non-agency loans and SigniaDocuments’ SMART Doc technology – a data-driven electronic document engine.

Technology 427

Technology Real Estate Lending Design 427

Inman

NOVEMBER 15, 2023

Don't be a shrinking violet when it comes to your compensation. Broker Cara Ameer teaches you how to ask for what you're worth and have that tough buyer commission talk.

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Buyers Brokerage Agents 180

Housing Wire

NOVEMBER 15, 2023

Troy, Michigan-based appraisal management company (AMC) Class Valuation announced on Wednesday that it has acquired fellow AMC Valuation Connect , formerly a subsidiary of mortgage technology company Mortgage Connect LP. Class Valuation acquired the company to bolster its position in the appraisal marketplace further, according to an announcement of the deal.

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Valuation Technology Clients Modernization 410

Inman

NOVEMBER 15, 2023

The National Association of Realtors laid out its arguments to overturn the ruling Tuesday. The plaintiffs' attorney said if the trade group doesn't change, it risks an injunction and DOJ wrath.

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Eyes on Housing

NOVEMBER 15, 2023

Over the first nine months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 693,908. On a year-over-year (YoY) basis, this is 13.3% below the September 2022 level of 800,424. Year-to-date ending in September, single-family permits declined in all four regions. The range of permit decline spanned 10.8% in the Northeast to 19.3% in the West.

Construction 113

Construction Marketing 113

Inman

NOVEMBER 15, 2023

Dwellsy channels rentals from multiple portals, management systems and third-party listing sites across all residential property types and publishes industry trend reports.

Finance 178

Finance Technology Marketing 178

GoForrmz

NOVEMBER 15, 2023

Streamline your daily workflow with automations Welcome back to the third and final installment of the Intro to GoFormz webinar series, all about getting started with GoFormz and the features that can help you streamline your documentation and data capture. Join Alicia Bryan, Director of Customer Success, and Implementation Lead, Emily Switzer, as they walk you through the process of customizing your GoFormz account with automated workflows.

Design 78

Design Business 78

Inman

NOVEMBER 15, 2023

The CEO stressed to agents during a keynote address at Compass RETREAT on Tuesday that getting back to basics and forging sincere connections with clients would be the key to surviving and thriving in the current market.

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Clients Agents Marketing Open Houses 167

BiggerPockets

NOVEMBER 15, 2023

After a whirlwind of struggles throughout the year, some of these high-value commercial properties are facing huge risks that could reshape their markets. See the full list here.

Marketing 82

Marketing Real Estate Investing 82

Inman

NOVEMBER 15, 2023

Mark Willis is Keller Williams' new CEO, according to an announcement on Wednesday. Willis' first KW CEO tenure was from 2005 to 2015, and he returned to the company in July as a strategic consultant.

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Realty Brokerage 166

BiggerPockets

NOVEMBER 15, 2023

Investors have been pushed into a corner with high prices, capital calls, and unfavorable interest rates. How do you deploy your money in times like now?

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Investors 80

Inman

NOVEMBER 15, 2023

ListAssist and BoxBrownie, as well as Sensor Global and Openn, are attending NXT under the umbrella of NAR Reach Australia-New Zealand, a technology-focused industry advocacy organization and product accelerator.

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Technology Realtors Real Estate Agents 166

BiggerPockets

NOVEMBER 15, 2023

A high savings rate will help you build wealth, sure. But it can also do a lot of other things that you might not have thought about.

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Inman

NOVEMBER 15, 2023

The industry is still unpacking the Sitzer | Burnett verdict and its impact on commissions, Inman Director of Research Chris LeBarton told Intel. After that, expect even more queries from clients.

Clients 165

Clients Buyers Brokerage Agents 165

BiggerPockets

NOVEMBER 15, 2023

Self-storage investing saved AJ Osborne’s life. After sudden paralysis and being left in a coma, AJ was fired from his job.

Investing 79

Investing Real Estate 79

Inman

NOVEMBER 15, 2023

According to The Agency's Rainy Hake Austin, meeting the challenges of 2024 will require you to get in touch with an essential truth about the real estate business: You've never arrived.

Real Estate 164

Real Estate Business Development Brokerage 164

Mortgagebroker News

NOVEMBER 15, 2023

'It took me a long time to make the move and try to see what the other side looks like – and the grass was greener.

Mortgage 76

Mortgage 76

Inman

NOVEMBER 15, 2023

Join us for an engaging 30-minute webinar, featuring a compelling case study that unveils the transformative impact of a TitleEase franchise in a challenging market. Delve into how this model can be your game-changer, as we explore how diverse strategies and a franchise can elevate your real estate business.

Real Estate 163

Real Estate Business Marketing 163

Mortgagebroker News

NOVEMBER 15, 2023

A growing number of unregulated debt advisors are offering misleading promises of quick-fix solutions

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