Housing Wire
SEPTEMBER 7, 2023
A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time.
Sacramento Appraisal Blog
SEPTEMBER 7, 2023
There are more cash buyers right now. Bottom line. Well, technically. Today let’s unpack the housing market’s cash trend, some myths, and things to watch ahead. This post is designed to scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Housing Wire
SEPTEMBER 7, 2023
The Mortgage Bankers Association (MBA) on Thursday sent a letter to leaders of the U.S. Senate Committee on Banking, Housing and Urban Affairs to address the availability of flood insurance. In the letter, MBA SVP of Legislative and Political Affairs Bill Kilmer pointed to the impending expiration of the National Flood Insurance Program (NFIP), which is currently slated to happen on September 30.
Real Estate News
SEPTEMBER 7, 2023
The average rate on a 30-year loan settled at 7.12% this week, but a decline in mortgage applications suggests that “consumers are weary.
Housing Wire
SEPTEMBER 7, 2023
Equity Prime Mortgage (EPM) has completely shifted to the TPO business after seeing growth opportunities in the wholesale channel, a distribution channel that’s been growing in recent years. The Atlanta-based lender has fully exited the retail channel, a change in strategy the company has been preparing for over the past few months. EPM’s CEO Eddy Perez had previously shared plans with HousingWire to double down on wholesale while scaling down its retail footprint.
Real Estate News
SEPTEMBER 7, 2023
As the industry digests Anywhere’s decision to settle the Moehrl and Sitzer/Burnett cases, more such deals, and policy changes, emerge as likely outcomes.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
SEPTEMBER 7, 2023
The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt.
Housing Wire
SEPTEMBER 7, 2023
For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. “That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. “The lender and LO can make or break the transaction.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.
Inman
SEPTEMBER 7, 2023
National Association of Realtors President Tracy Kasper released the 5-minute video on Thursday outlining the organization's plan to address sexual misconduct charges and rebuild broken trust.
Housing Wire
SEPTEMBER 7, 2023
Leading Real Estate Companies of the World (LeadingRE) has promoted Jessica Edgerton to chief legal officer/executive vice president of industry and learning and Kate Reisinger to chief operating officer. Edgerton and Reisinger will have an impact on the global network of 550-plus independent real estate brokerages. Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018.
Inman
SEPTEMBER 7, 2023
Renters can purchase insurance policies on Zillow's desktop or mobile platform, thanks to a partnership with Homesite Insurance. Renters can pay on a monthly or annual basis.
Housing Wire
SEPTEMBER 7, 2023
Homeowners can now see potential short-term rental income estimates on Realtor.com thanks to an integration with Airbnb. Short-term rental earnings estimates for hosting one room or the entire house will be available to homeowners via Realtor.com’s My Home dashboard, according to an announcement on Thursday. The estimated earnings for a seven-day rental are based on Airbnb data from similar listings in the ZIP code.
Inman
SEPTEMBER 7, 2023
Carlos and Moore, who have collaborated on other ventures in the past, have joined the global luxury company to spearhead the new division of advisory services across clients' luxury holdings.
Housing Wire
SEPTEMBER 7, 2023
Fast-growing firm The Real Brokerage is making it easier for their agents to take advantage of the company’s revenue share program. During the brokerage’s monthly video call on Wednesday, Real president Sharran Srivatsaa announced that any agent who has recruited at least five producing Real agents into their network will be bumped into the second tier of the firm’s revenue share program, as first reported by Real Estate News.
Inman
SEPTEMBER 7, 2023
Lack of affordable housing, rising home prices and soaring interest rates are making the dream of homeownership dangerously unachievable, writes broker, coach and consultant Zak Shellhammer.
Housing Wire
SEPTEMBER 7, 2023
Loan quality and audit services company QC Ally has appointed Jeffrey Flory as its new chief executive officer, the company said Thursday. The news comes eight months after the appointment of Nicole Booth as as company CEO. She left in August. “I am humbled to take on this role and help bring the company’s vision to fruition,” Flory said in a statement.
Inman
SEPTEMBER 7, 2023
The portal gives The Agency's agents access to all of its marketing and public relations resources, as well as direct access to its marketing team.
Housing Wire
SEPTEMBER 7, 2023
The Consumer Financial Protection Bureau (CFPB) has settled a class action suit first brought against it in 2018 by Black and Hispanic employees over issues of alleged discrimination and retaliation, according to court documents reviewed by HousingWire. The settlement of $6 million will be distributed to “a class of 85 Black/African American and/or Hispanic Bureau employees in certain jobs within the Office of Consumer Response, administration costs, any court-approved attorneys’ fees and costs,
Inman
SEPTEMBER 7, 2023
New classes now streaming! Join Inman Access today to gain a new perspective for succeeding in today's market and tactical business building hacks to implement in 2024.
Housing Wire
SEPTEMBER 7, 2023
Glenn Sanford’s eXp Realty is getting in on the revenue share program changes. The brokerage on Thursday launched Accelerate , an incentive program that helps agents maximize their revenue share earning potential during their first year with the brokerage. The program is available in all 24 countries where eXp Realty operates and it is open to agents who joined on or after March 1, 2023.
Inman
SEPTEMBER 7, 2023
With its power to engage and inform, video can play a pivotal role in ensuring that your best agents see the value in staying. Growth expert Jim Turner shares how to put it to work for your brokerage or team.
Housing Wire
SEPTEMBER 7, 2023
Most brokers are feeling the crunch. Existing home sales are down, mortgage interest rates are up, and the economic uncertainty is palpable. Rather than belabor the kick in the teeth this industry is feeling, I’d like to bring attention to the other side of the coin that has some real estate brokers licking their chops. During this time, we ( RTC Consulting ) have come to grips with various certainties prevalent in residential real estate.
Inman
SEPTEMBER 7, 2023
New tool comes as more homeowners look for ways to offset high housing costs, and as Airbnb looks to add more supply to keep prices down.
Housing Wire
SEPTEMBER 7, 2023
The Appraisal Institute , the nation’s largest professional association of real estate appraisers, appointed Cindy Chance as chief executive officer, the trade organization announced. Prior to joining the Appraisal Institute, Chance worked at the Urban Land Institute as an executive vice president for the learning and product councils. At ULI, she created and grew the group’s online education efforts.
Inman
SEPTEMBER 7, 2023
The struggling commercial real estate startup said that its leasing costs remain too high and it will look to exit underperforming locations.
Mortgagebroker News
SEPTEMBER 7, 2023
'I think that deep inside, they know the likelihood of them raising again is relatively slim – but in their language they will not admit that'
Inman
SEPTEMBER 7, 2023
Find out how this team on Florida's Space Coast has put a business-builder mindset to work while staying focused on what they do best.
BiggerPockets
SEPTEMBER 7, 2023
The South and West grew during the pandemic, but it's harder to cash flow there now. Here's where investors should be looking for deals instead.
Inman
SEPTEMBER 7, 2023
Real estate companies that grow now will come out the other side of this shift with massive market share and a strong, loyal agent base.
Lamacchia Realty
SEPTEMBER 7, 2023
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for August 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! August 2023 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.
Inman
SEPTEMBER 7, 2023
Find out how this South Florida broker moved from selling private jets and yachts to showplace luxury homes.
BiggerPockets
SEPTEMBER 7, 2023
Work smarter, not harder by using AI for these property management tasks. See how machine learning is revolutionizing tenant management.
Inman
SEPTEMBER 7, 2023
While other companies are shedding their mortgage arms, Zillow's seeing potential and doubling down on Zillow Home Loans.
Lamacchia Realty
SEPTEMBER 7, 2023
7 ESSENTIAL STEPS TO SELL YOUR HOME THIS FALL As the vibrant colors of the fall season start to appear, the real estate market also experiences a shift for homeowners potentially looking to sell. Selling your home during the autumn months presents new opportunities, such as leveraging a cozy home atmosphere and reaching motivated home buyers looking to settle in before the holidays.
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