Fri.Apr 21, 2023

article thumbnail

Mortgage industry takes another stand against the FHFA’s DTI fee

Housing Wire

It’s been delayed, but that’s not enough for the mortgage industry. In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.

Logistics 420
article thumbnail

How one agent on Instagram created a $100M sales team

Real Estate News

With an Instagram following of 50,000 and nearly 60 sales so far this year, the Upstate Curious team is taking over the Hudson Valley.

Agents 212
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Market in Focus: Florida Has Highest Population Growth Rate In U.S.

Eyes on Housing

In 2022, Florida had the highest population growth rate of any state at 1.9% and the second largest nominal growth in population at 416,754. Florida’s population was at 22,244,823 as of July 1st, 2022, the third largest state population in the U.S. The population of Florida has not experienced a decline since 1946. Because of continual high population growth, the.

Marketing 164
article thumbnail

Brokerage Beat: News from Sotheby's Realty, KWW, ERA, more

Real Estate News

Sotheby's Realty adds Podium Group; E&V opens in southern Colorado; KWW goes to India; ERA and BHGRE add affiliates; John R. Wood boasts top sales volume.

Realty 187
article thumbnail

Livabl portal aims to build up new construction market

Inman

Zonda, a technology company that leverages extensive data resources to deliver enterprise software to commercial homebuilders, has released a front-end system for finding new-construction homes. The website is called Livabl.

article thumbnail

Homebuying is tough in the U.S. — Canada can relate

Real Estate News

Our neighbors to the north are also grappling with high prices and low inventory, but "sanity is slowly returning to the housing market.

Inventory 190

More Trending

article thumbnail

Borrowers With Good Credit Scores to Foot the Bill for Higher Risk Borrowers

Appraiserblogs

It is disheartening to think that those of us who have worked hard to maintain good credit scores will now be penalized with higher mortgage rates and fees, just so the government can subsidize people with riskier credit ratings. It’s no surprise that the Federal Housing Finance Agency’s (FHFA) new rule forcing homebuyers with good credit scores to pay higher mortgage rates and fees is causing a stir.

article thumbnail

Too busy to show homes? Maybe Showami can help: Tech Review

Inman

Showami is software that facilitates the broadcast, acceptance and payment of showing needs between licensed agents, offering teams and brokerages a quick way to create a showing delegation system.

Business 148
article thumbnail

Employment Situation in March: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 36 states and the District of Columbia in March compared to the previous month, while 14 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 236,000 in March, following a gain of 326,000 jobs in February. On a month-over-month basis, employment data was strong in Texas, which.

article thumbnail

More tech vendors approved to support appraisal-free mortgages

Inman

Stewart Valuation Intelligence (SVI) is the latest technology vendor to be approved by Fannie Mae to support the new value acceptance + property data valuation process.

Valuation 148
article thumbnail

Celebrating Earth Day 2023 with GoFormz

GoForrmz

Join GoFormz in celebrating Earth Day 2023! Our planet is a unique place, providing life as we know it. It’s a cozy distance from the sun, covered mostly by water, and remains perfectly in orbit to host life like us! And while our Earth is amazing, it needs our help to thrive and provide resources for future generations. That’s why each year on April 22, people from all over the world come together to celebrate Earth Day!

78
article thumbnail

5 AI-driven social media strategies real estate agents are missing

Inman

There are only a few generational technologies that come along with the potential to revolutionize the efficiencies in our businesses. ChatGPT is one of these.

article thumbnail

3 Things You Need to Show Your Appraiser

Appraisal Hub

The appraisal process is one of the most important steps in mortgage and property agreements. Only with a home appraisal in Toronto can you determine your property’s market value and verify that there are no hidden problems that could cause headaches down the line. To get an appraisal report, you need to find a dependable appraisal company in Toronto.

article thumbnail

This agent got a job from TikToking. Steal 11 of his social media tips now

Inman

Alexander Zakharin took TikTok seriously, and soon the president of Nest Seekers International's Ultra Luxury division took notice. Now he's sharing his tips to land a promotion with Inman readers.

Agents 140
article thumbnail

What’s New in Appraisal Membership: April 2023

McKissock

Did you know? McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant info to grow your real estate appraisal career. Do you already have an Unlimited Learning Membership?

article thumbnail

Compass CEO: Buyers will deal with higher rates. Sellers? Not so much

Inman

During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust.

Sellers 140
article thumbnail

A bull year is ahead for MSR trading

Housing Wire

The trading volume of mortgage-rights servicing (MSRs) so far this year is on pace to meet or exceed last year’s robust mark , when MSRs on some $1 trillion worth of home loans exchanged hands — then fueled by the spike in interest rates, industry players say. As of late April 2023, mortgage interest rates, though still volatile, have been on a downward trajectory since the start of the year.

Buyers 66
article thumbnail

Nearly 1 in 7 homes sold in March went for less than investors paid

Inman

Investor profits are falling, and the number of investors losing money reached the highest point since 2016, according to a new report from Redfin.

Investors 147
article thumbnail

Using Rental Income to Qualify for Mortgage: A How-To Guide

Mashvisor

As a landlord, you might be looking for a way to finance your next investment. This guide is about using rental income to qualify for a mortgage.

article thumbnail

Need a way to differentiate your service? Design

Inman

Whether you have design skills or work with a trusted colleague, decor and renovation services are an exceptionally effective value-added service.

Design 138
article thumbnail

State Appraisal Boards – What Do They Look For?

Appraisal Today

The State Appraisal Board Wants to Throw Me Under the Bus, Right? by Barry Phillips and Tim Andersen Excerpts: So, what do the investigator and the state board look for as part of their investigation? Again, simply put, the investigator and board look to see if the appraisal meets the requirements of USPAP’s Standard 1, and if the report meets the requirements of USPAP’s Standard 2.

article thumbnail

Millennials hit big homeownership milestone as Gen Z outpaces Gen X

Inman

Millennials passed a significant milestone in 2022, with census data showing that 51.5 percent of millennials now own homes.

150
150
article thumbnail

Rent Prices In These 10 Markets Are Falling The Quickest

BiggerPockets

Austin, Texas, continues to lose ground in the rental market, while Raleigh, North Carolina surges. Where should you invest next?

article thumbnail

Exploring Lennar’s ‘everything’s-included’ smart home

Inman

Lennar is one homebuilder making the most of the popularity of smart home style and infrastructure with their newly implemented tech plan.

article thumbnail

Canada inflation high - how can Canadians protect their budgets?

Mortgagebroker News

Debt insolvency firm president on the best ways to mitigate sky-high cost-of-living

69
article thumbnail

Compass assembles new division serving military families, veterans

Inman

The brokerage is recruiting agents and regional directors from the military community to help launch the Compass Military Division in July.

Brokerage 130
article thumbnail

How to Buy a Rental Property with NO Money OR Credit

BiggerPockets

Everyone wants to know how to invest in real estate with no money. And surprisingly, it’s much more straightforward than people think.

article thumbnail

One card isn’t enough: Get more leads with this ‘just sold’ method

Inman

If you're implementing direct mail into your marketing, here's how to make sure it stands out after your next closing.

Marketing 117
article thumbnail

BC housing roundtable sorely needed, groups say

Mortgagebroker News

The market is seeing a sustained lack of affordability and supply, according to market players

article thumbnail

Condominium ownership is complex. Here’s what to know

Inman

Detached or site condominium ownership is a complicated issue that requires immediate attention from the real estate industry.

article thumbnail

How is the Edmonton office market faring?

Mortgagebroker News

Tenants' long-term plans in the region are becoming increasingly apparent, new report says

Tenants 62
article thumbnail

Layoffs, words, tools: Catch up on Inman’s Top 5 April 14-20, 2023

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Tools 114
article thumbnail

CMHC announces results of $4.8-million grant

Mortgagebroker News

The funding will examine the long-term effects of government corporation's investments

article thumbnail

Banking Failures & Their Impact On the Housing Market - Part 1 Interest Rates & Lending

Eppraisal

Safety and security are core human aspirations. These instincts show up in many areas of our lives, especially our finances and investments. Most everyone keeps their hard-earned money in a bank, where brick, mortar and electronic safeguards secure it for later use. However, when those financial institutions collapse, due to external economic conditions or internal mismanagement, our comfort is violently interrupted.

Lending 28