Housing Wire
SEPTEMBER 14, 2023
Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. 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 7.18% as of Sept. 14, up from last week ’s 7.12%.
Real Estate News
SEPTEMBER 14, 2023
Roam, launched this week by a former Opendoor employee, aims to help buyers through the complicated and time-consuming mortgage assumption process.
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Housing Wire
SEPTEMBER 14, 2023
As competitive as real estate can be, it’s also collaborative. Every aspect of brokering a deal involves working together with others. But as much as it’s already a core tenet of real estate, collaboration currently presents a unique new opportunity for real estate agents to evolve the way they work with their buyers and sellers. Consumer expectations have changed dramatically in the last few years.
Real Estate News
SEPTEMBER 14, 2023
The Instagram fave will become a “property event series” on HGTV in 2024, plus The Agency founder Mauricio Umansky will join Dancing with the Stars.
Housing Wire
SEPTEMBER 14, 2023
Most tech CEOs emphasize how their technology empowers, not replaces, humans. But Pavan Agarwal, CEO of Sun West Mortgage Company and the creator of the Angel Ai technology, has a different perspective, which he shares in this interview with HousingWire Editor in Chief Sarah Wheeler. This interview has been edited for length and clarity. Sarah Wheeler: What do people in the mortgage industry not understand about AI?
Eyes on Housing
SEPTEMBER 14, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) ticked up 0.1% in August (not seasonally adjusted). Prices have also increased 0.1% over the past 12 months as year-over-year price growth has slowed from 4.9% in January 2023 and 14.7% in August 2022. The 12-month increase is the smallest.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
SEPTEMBER 14, 2023
With inflation proving tough to tame, 7% mortgages may be the norm for a while.
Housing Wire
SEPTEMBER 14, 2023
The U.S. housing market is short by at least 6.5 million homes. After more than a decade of under-building relative to population growth, there are simply not enough affordable entry-level and first-time move-up options available for buyers. Renters are finding themselves priced out of areas within a reasonable commuting distance to work. The scarcity of housing has driven home prices and rents prices to an all-time high and pushed affordability to a multi-decade low.
Inman
SEPTEMBER 14, 2023
Cordless Media’s products are designed for companies trying to reach the real estate brands, home buyers, moving companies, investors and other entities in real estate verticals.
Housing Wire
SEPTEMBER 14, 2023
California-based loanDepot has appointed Dan Hanson to a newly-created role of executive director of enterprises partnerships and acquisitions as the company seeks to invest in profitable growth-generating initiatives, it announced on Thursday. The mortgage lender has had several changes to its leadership so far this year. In July, loanDepot appointed Darren Graeler as executive vice president and chief accounting officer.
Inman
SEPTEMBER 14, 2023
Mortgage-rate locks on second homes were down 47 percent from their pre-pandemic levels in Aug. 2023 as market factors have made owning a second home more costly and complicated in the last year, Redfin reported.
Housing Wire
SEPTEMBER 14, 2023
Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The client had just started a new job, and that can be tricky. FHA guidelines require a two-year work history and allow for a gap of one month or longer in employment with a letter of explanation.
Inman
SEPTEMBER 14, 2023
Want the Real Tea on "Selling the OC"? Inman asked The Oppenheim Group agents to share a few things you probably don't know. Here are the Netflix stars’ fun facts, along with personal pictures.
Empire Appraisal Group
SEPTEMBER 14, 2023
NEWS & MEDIA courtneyk / Getty Images Source: [link] 2 of Every 25 U.S. Homes Worth at Least $1M By Kerry Smith While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states. SEATTLE – Just over 8% of U.S. homes are worth $1 million or more, near June 2022’s all-time high of 8.6%, according to a report from Redfin.
Inman
SEPTEMBER 14, 2023
The consumer-facing search experience was devised and is run by California Regional MLS (CRMLS), Bright MLS and REcolorado. It was released in the first quarter of 2023 and designed as an ad-free bridge between consumers and listing data.
Lamacchia Realty
SEPTEMBER 14, 2023
Rosalee DiScipio has officially qualified for the 2023 President’s Club by surpassing $16,000,000 in sales volume! This is the second year that Rosalee has qualified for the distinction. Rosie continues to go above and beyond for her clients, showing that with excellent service and dedication, success is possible in any market! With over a decade of real estate experience plus a license in both MA and NH, Rosalee’s expertise is unmatched.
Inman
SEPTEMBER 14, 2023
During her keynote at Ben Kinney's BuiltHOW conference, SPANX founder Sara Blakely shared the keys to scaling a business while maintaining joy and creativity.
Housing Wire
SEPTEMBER 14, 2023
Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. Like its competitors, the company wanted to replicate what the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have done for decades by acquiring mortgages and providing liquidity to originators. “We were originally built to serve banks and others with the thought that there was no private sector [to invest in mortgage assets] ,”
Inman
SEPTEMBER 14, 2023
While others are learning from their mistakes in today's market, Jimmy Burgess says that you don't have to. Find out what you should be doing right now to boost your real estate business.
BiggerPockets
SEPTEMBER 14, 2023
The fear of Job loss has become real for most Americans. And if you’re falling into the “middle-class trap,” a sudden loss of income could be even more severe.
Inman
SEPTEMBER 14, 2023
Judge Patti Saris, of the U.S. District Court in Massachusetts, preliminarily approved the deal after the settlement fund was restructured.
BiggerPockets
SEPTEMBER 14, 2023
Amortization in real estate is a process in which you pay down the balance and interest owed on a loan in equal payment installments.
Inman
SEPTEMBER 14, 2023
No one can predict the future of real estate, but you can prepare. Find out what to prepare for and pick up the tools you’ll need at the immersive Virtual Inman Connect online Nov. 1-2, 2023. And don’t miss Inman Connect New York on Jan. 23-25, 2024, where AI, capital and more will be center stage.
Mortgagebroker News
SEPTEMBER 14, 2023
The hottest markets will be disproportionally impacted by these developments, according to the Crown corporation
Inman
SEPTEMBER 14, 2023
In-office requirements are an emerging factor in the real estate market, with fewer and fewer companies willing to accommodate remote work, according to a new report by Redfin.
Mortgagebroker News
SEPTEMBER 14, 2023
Executive on the approach mortgage professionals should take amid a volatile market
Inman
SEPTEMBER 14, 2023
After nine years as CEO, Sven Odia will step into the newly created role of president, with a focus on supporting the luxury brand's expansion into new markets.
Mortgagebroker News
SEPTEMBER 14, 2023
Ontario city aims to build more than 2,000 new housing units over the next three years
Inman
SEPTEMBER 14, 2023
Luxury adviser Chris Pollinger offers insight into casting a vision and inspiring luxury agents to reach their highest level of performance.
Mortgagebroker News
SEPTEMBER 14, 2023
Plus: What more needs to be done to ensure equality of opportunity?
Inman
SEPTEMBER 14, 2023
Learn how this Costa Rica brokerage founder used his experience as a travel professional to differentiate his real estate services.
BiggerPockets
SEPTEMBER 14, 2023
Mortgage rates are ravaging the real estate market, but Warren Buffett is bullish on housing.
Inman
SEPTEMBER 14, 2023
Learn how this NYC team leader got her start, and read the heartwarming story of her most memorable transaction.
Mortgagebroker News
SEPTEMBER 14, 2023
However, mortgage debt showed only a minuscule increase from Q1 to Q2
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