Thu.Mar 16, 2023

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Latest housing starts data is good for mortgage rates

Housing Wire

How is today’s housing starts data , which beat expectations, good for mortgage rates ? Typically good economic data is bad for rates, especially in this environment, when a Fed member will come out and say building or buying homes is bad for fighting inflation.

Mortgage 464
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FAQ #11: Which Appraisal Method is the Best?

Riverfront Appraisals

From time to time, we get questions from Realtors, homeowners, and builders asking us why we use certain approaches, or if we can only use one of the approaches to value. In this FAQ post, we’ll look at the three commonly-used approaches to value when appraising a single family residential property.

Appraisal 143
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Housing starts increase to meet rising buyer demand

Housing Wire

After pulling back at the start of the year , homebuilders jumped back in during February as homebuyer demand and builder confidence trended upward. Homes were started at an estimated annual pace of 1.45 million in February, up 9.8%

Buyers 411
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Single-Family Starts Remain Lackluster but Will Rebound Later This Year

Eyes on Housing

Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage rates, high construction costs and tightening credit conditions that threaten to be exacerbated by recent turmoil in the banking system.

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Big banks to rescue First Republic with $30B in deposits 

Housing Wire

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure.

Insurance 379
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7 reasons agents are failing (and how to avoid their mistakes)

Inman

The current real estate market separates the best from the rest. Jimmy Burgess shares how to avoid the biggest mistakes agents are making right now. Agent New Agent Select Service Teams agent failure agent retention jimmy burgess new agents real estate agent failure rate

Agents 146

More Trending

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Coldwell Banker latest brokerage to settle in wake of ‘Newsday’ exposé

Inman

Coldwell Banker agents subjected prospective homebuyers of color to different requirements than white homebuyers, according to the Office of the New York State Attorney General. News Brief Select

Brokerage 131
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Mortgage rates declined amid banks failures. What’s next?

Housing Wire

After increasing steadily for over a month, mortgage rates fell last week following a deposit run that provoked a liquidity crisis in regional U.S. financial institutions — and resulted in the failures of Silicon Valley Bank and Signature Bank.

Mortgage 311
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Redfin Premier expands nationally to more than 100 new markets

Inman

Redfin Premier, which matches luxury homebuyers and sellers with a Redfin Premier agent and marketing tools specific to the luxury brand, is launching in every market the brokerage operates.

Tools 131
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Blend focuses on tech, cost reduction as it reports $769M loss

Housing Wire

California mortgage tech firm Blend Labs is focused on cutting costs and courting more users to its Blend Builder platform. The goal is to bring the firm to profitability after posting a net loss of $768.6 million in 2022. Blend’s net loss last year is more than four times the $171.3

Clients 273
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As losses mount, Blend looks beyond mortgage for future growth

Inman

The San Francisco-based cloud banking software provider has trimmed the company's payroll by 1,100 employees and cut annual expenses by $72 million. Mortgage Select Technology blend Blend Labs Blend Labs Inc.

Mortgage 126
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Qualia adds a new product to its software offerings

Housing Wire

Closing software provider Qualia has announced a major update to its software offerings. On Thursday, the firm announced the launch of Qualia Atlas. According to Qualia , Atlas combines title and escrow production, as well as vendor management, along with client and homebuyer connectivity. “We

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How scary is a contagion? Imagine if everyone sold their house at once

Inman

Could a contagion hit real estate? Not now, Inman founder Brad Inman writes. But cavalier lending, greed and bad actors can all wreak havoc on the housing market. Agent Brokerage Columns Opinion Select Technology brad inman contagion Signature Bank Silicon Valley Bank subprime

Lending 121
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First Republic Bank is reportedly exploring sale: Bloomberg

Housing Wire

First Republic Bank , the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources with knowledge of the matter.

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LISTEN: It’s not too late to advocate for affordable housing

Inman

Have we reached the point of no return when it comes to affordable housing? Dr. Lee Davenport and her guest, Georgia State University's Dr. Dan Immergluck, discuss the peril and possibilities.

Agents 119
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Housing market optimism on the rise in every demographic, survey suggests

Mortgagebroker News

New poll also shows greater buying and selling intentions among Canadian adults

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Broker Spotlight: Ida Schwartz, Compass Florida

Inman

Find out how this luxury broker made the move from banking to stay-at-home mom to real estate (Hint: It started with an open house). Brokerage Luxury Lens Profiles Service broker spotlight compass compass florida Ida Schwartz

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NAR Hosts Policy Forum on the Current Housing Market and Affordability

National Association of Realtors

The National Association of Realtors® hosted a policy forum on March 16, 2023 entitled The Current Housing Market: Implications for Home Buyers and the Economy at the Capital Hilton in Washington, D.C.

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Multifamily construction delivers boost to housing starts in February

Inman

Apartment building construction soared 24 percent in February, lifting new housing starts overall despite a weak month for single-family builds, according to data released Thursday by the U.S. Census Bureau.

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SVB’s Collapse: Is Real Estate at Risk in The Fallout?

BiggerPockets

SVB’s (Silicon Valley Bank) collapse has more to do with the housing market than you think. With bank runs becoming contagious, Americans in fear of economic turmoil, and a recession […] All BiggerPockets Real Estate Podcast

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Watch Now: iBuying, positioning your brand and winning listings

Inman

The newest Inman Access classes are live! Watch experts discuss the latest iBuying trends, mastering branding and positioning, and tactics to secure listings in a competitive market. Agent Brokerage Technology Inman Access

Marketing 111
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CFPB launches inquiry into data brokerage business practices

Housing Wire

The Consumer Financial Protection Bureau (CFPB) announced this week that it is launching an inquiry into the business practices of data brokerage firms to learn whether their impact on consumers can inform planned rulemaking under the Fair Credit Reporting Act (FCRA).

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3 things Netflix, Airbnb and Google do (that most leaders don’t)

Inman

Good leadership is often the difference between a thriving business and a failing one. A great leader cares about their people and prioritizes their needs to ensure a happy and productive work environment. Agent Brokerage Select Service Teams Chris Pollinger leadership qualities of leadership teams

Business 107
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BMO: Canadian housing activity, prices could soon bottom out

Mortgagebroker News

The central bank's rate freeze might support a market resurgence

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4 Ways To Improve Your Home's Appraisal

East Coast Appraisal

A home appraisal is one of the best ways to determine a property's market value. Fortunately, you can take several steps to improve your home's appraisal. A higher appraisal value means you can sell your home for a higher price, which can result in a larger profit for you as the seller.

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Banking crisis: Could there be an upside for Canadian borrowers?

Mortgagebroker News

Five-year Government of Canada bond yields have plunged in recent days

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What Is A Rent Ledger And Why Do You Need One?

BiggerPockets

Managing rental properties is a complex task, especially when it comes to keeping track of which tenants are paying on time and who has outstanding balances. If you’re not maintaining […] Landlording & Rental Properties

Tenants 47
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Exec on key elements to the broker-lender relationship

Mortgagebroker News

"You have to trust and let them do what they do

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SVB’s Risky Bailout and The Bank Run “Domino Effect”

BiggerPockets

Both SVB (Silicon Valley Bank) and Signature Bank have crashed and burned dramatically over the past week. What once was a few large customers making withdrawals quickly turned into a […] All On the Market Podcast

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Where are the best urban housing markets for first-time buyers?

Mortgagebroker News

New poll reveals the most affordable urban markets in Canada

Buyers 47
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SVB’s Risky Bailout and The Bank Run “Domino Effect”

BiggerPockets

Both SVB (Silicon Valley Bank) and Signature Bank have crashed and burned dramatically over the past week. What once was a few large customers making withdrawals quickly turned into a […] All BiggerPockets Money Podcast

39
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Join us for an unforgettable night at the Canadian Mortgage Awards 2023

Mortgagebroker News

The Canadian Mortgage Awards are back for its 17th year

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Hard Convincing Sellers Not to Overprice? Use Data

Empire Appraisal Group

NEWS & MEDIA sorbetto / Getty Images Source: Hard Convincing Sellers Not to Overprice? Use Data | Florida Realtors Hard Convincing Sellers Not to Overprice? Use Data By Jennifer Warner Florida Realtors economist : Many sellers today plan to overprice their home, but overpricing isn’t new.

Sellers 78