Housing Wire

APRIL 27, 2023

Being able to close on a home at any time on any day of the year has long been a pipe dream, but the Federal Reserve ’s new FedNow instant payment system looks to be making that dream a reality. However, before one gets too excited, the title insurance industry is asking if it really is worth sacrificing security for speed. “There is the obvious perceived benefit of faster payment and they are touting that it will be cheaper than wire transfers , and of course you no longer have to worry about m

Insurance 431

Insurance Tools Marketing 431

Real Estate News

APRIL 27, 2023

Sherry Chris, president and CEO of the Anywhere Expansion Brands portfolio, is retiring from brand leadership and will transition to an advisory role.

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Housing Wire

APRIL 27, 2023

For the first time since November 2022, pending home sales fell in March, posting a 5.2% month-over-month decrease, according to data released Thursday by the National Association of Realtors (NAR). The monthly drop resulted in the Pending Home Sales Index recording a reading of 78.9, down 23.3% year over year. An index of 100 is equal to the level of contract activity in 2001.

Inventory 430

Inventory Realtors Contracts Construction 430

Real Estate News

APRIL 27, 2023

While these trends can bring challenges, understanding local market dynamics can help buyers and sellers be more competitive.

Sellers 221

Sellers Buyers Marketing 221

Housing Wire

APRIL 27, 2023

Mortgage rates are trending up ahead of the Federal Reserve’s meeting next week, with the FOMC expected to increase the federal funds rate. Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate increased to 6.43% as of April 27, up four basis points from last week and 133 basis points from this time last year, when rates averaged 5.10%.

Mortgage 384

Mortgage Housing Market Buyers Marketing 384

Real Estate News

APRIL 27, 2023

The average 30-year mortgage was up slightly this week, but cooling inflation is a sign that the market is stabilizing, which should prompt declines.

Mortgage 196

Mortgage Marketing 196

Real Estate News

APRIL 27, 2023

The National Association of Realtors reported the first dip in pending sales since last November as inventory remains tight.

Inventory 199

Inventory Realtors 199

Housing Wire

APRIL 27, 2023

California-based Pennymac Financial Services reported gains in its servicing portfolio that offset losses with its origination activity in the first quarter of 2023, allowing the company to deliver an overall profit in the period. However, Pennymac’s profitability declined compared to the previous quarter amid a still-challenging mortgage market.

Mortgage 370

Mortgage Technology Marketing Investing 370

Eyes on Housing

APRIL 27, 2023

Despite a housing market slowdown but reflecting persistent long-term labor challenges, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. According to the latest Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), average hourly earnings (AHE) in construction vary greatly across 43 states that reported these data.

Construction 179

Construction Housing Market Marketing 179

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. has started the proceedings to delist its common stock from the exchange, suspending its trading immediately. Impac does not intend to appeal the determination, the company said in a filing with the U.S.

Brokerage 369

Brokerage Retail Lending Design 369

Inman

APRIL 27, 2023

In an unexpected twist, the Bronx neighborhood saw the median property value increase a stunning 149 percent year over year, bumping it into NYC's 50 priciest 'hoods for the first time in Q1.

Marketing 164

Marketing 164

Housing Wire

APRIL 27, 2023

The Consumer Financial Protection Bureau (CFPB) issued guidance this week for debt collectors seeking to foreclose on homes with mortgages past the statute of limitations, also known as “zombie mortgages.” The guidance comes in the form of an advisory opinion pertaining to the Fair Debt Collection Practices Act (FDCPA) and implementation of Regulation F.

Mortgage 365

Mortgage Law Valuation Design 365

Inman

APRIL 27, 2023

Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday by U.S. Bureau of Economic Analysis.

Brokerage 157

Brokerage Agents Marketing 157

Housing Wire

APRIL 27, 2023

Financial wellness technology company EarnUp reached a new milestone last quarter, helping millions of Americans schedule mortgage, auto, and student loan payments through its Payday to Payday program and technology. The company says it processed more than 50 million payment transactions worth $43 billion in total as of Q1 2023. The growth of EarnUp follows a surge in interest from companies seeking smart programs designed to help employees achieve a more well-rounded financial picture.

Technology 364

Technology Lending Design Tools 364

Inman

APRIL 27, 2023

There’s so much noise out there on how to navigate a challenging market. This April, let Inman help you cut through the clutter to make smart business decisions in real time.

Real Estate Agent 157

Real Estate Agent Real Estate Agents Investing 157

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. “I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. Movement is an incredible place, and I cannot wait to show everyone what makes this company so special,” Yeager said.

Loan Officers 364

Loan Officers Retail Lending Investing 364

Inman

APRIL 27, 2023

The Pending Home Sales Index dropped by 5.2 percent in March to a reading of 78.9 — 23.2 percent lower than March 2022 levels, according to data released by the National Association of Realtors.

Realtors 156

Realtors Marketing 156

Housing Wire

APRIL 27, 2023

Mobility Market Intelligence (MMI), a data intelligence and market insight tool provider for the mortgage and real estate industries, has appointed Brian McKray as the director of product development. In this role, McKray will be responsible for overseeing the creation of new system features and functionalities that align with MMI’s vision and mission.

Development 350

Development Real Estate Agent Real Estate Loan Officers 350

Inman

APRIL 27, 2023

The off-market deal in the luxury enclave was conducted by a luxury car dealer and the founder of Green Mountain Coffee. It marks a new record for Palm Beach, and becomes one of the priciest deals of 2023 so far.

Marketing 152

Marketing 152

Eyes on Housing

APRIL 27, 2023

In the first quarter of 2023, economic growth slowed to an annual rate of 1.1%, amid rising interest rates and an ongoing banking crisis. This quarter’s growth was dragged down by decreases in private inventory investment and residential fixed investment. Private inventory investment subtracted 2.26 percentage points off the headline growth rate for overall GDP, while residential fixed investment took.

Investing 150

Investing Inventory Construction 150

Inman

APRIL 27, 2023

Chris has been a leader at Anywhere for years, most recently as CEO of Anywhere Expansion Brands. She'll continue on with the firm in an advisory role, she told Inman exclusively.

Real Estate 148

Real Estate Brokerage Agents 148

Eyes on Housing

APRIL 27, 2023

Housing’s share of the economy moved lower at the end of the first quarter of 2023. Overall GDP increased at a 1.1% annual rate, following a 2.6% increase in the fourth quarter of 2022 and 3.2% increase in the third quarter of 2022. Despite overall GDP increasing, housing’s share of GDP decreased to 15.8%, below the 2022 fourth quarter share.

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Inman

APRIL 27, 2023

It's time to reevaluate the skills and tools that team members need to be successful in today's marketplace. Consultant Chris Pollinger outlines the new necessities for leaders.

Tools 148

Tools 148

Eyes on Housing

APRIL 27, 2023

After souring significantly in the final quarter of 2022, buyers’ expectations of housing availability edged up slightly in the first quarter of 2023, with 26% expecting the home search to get easier in the months ahead, just ahead of the 24% a quarter earlier. Despite the mild improvement, buyers’ perceptions of housing availability remain well below their level in the.

Buyers 110

Buyers 110

Inman

APRIL 27, 2023

Formed by RentSpree, the "Rental Industry Leadership Board" includes heads of the California Regional MLS, Bright, Beaches and more amid a continued push for Realtors to focus on rentals.

Realtors 148

Realtors Marketing 148

GoForrmz

APRIL 27, 2023

Join the GoFormz team for a walkthrough of Calculation Fields Say goodbye to manual data entry and calculations with the GoFormz Calculation Fields. These fields go beyond simple mathematical equations, giving you the power to add conditional logic and custom behaviors to your form fields. Watch the full video to see a detailed walkthrough with GoFormz Product Manager, Summer Wilke, and Marketing Manager, Victoria Horn, to get started implementing Calculation Fields in your form templates today.

Marketing 78

Marketing 78

Inman

APRIL 27, 2023

Tim Carr, Steve High, Kim Bibb, Evan Corkett, Jon Flagg and the approximately 20 agents that make up Villa Real Estate will now work under the banner of Coldwell Banker Realty, the company said.

Real Estate 148

Real Estate Agents Realty Brokerage 148

Mashvisor

APRIL 27, 2023

STR investments come with important advantages over other strategies, which make them an excellent asset to add to your real estate portfolio.

Real Estate 64

Real Estate Investing Investors 64

Inman

APRIL 27, 2023

When you commit to building an authentic brand, you're better able to foster genuine connection with your audience. The Agency CEO and "Buying Beverly Hills" star Mauricio Umansky tells you how.

Brokerage 148

Brokerage Agents 148

Mortgagebroker News

APRIL 27, 2023

Volatility in the global economic environment made the case for a potential increase on April 12

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64

Inman

APRIL 27, 2023

The loan servicer spends "several hundred million dollars a year" on call center operations and expects $50 million in annual savings at the outset of a 'multiyear' artificial intelligence project.

Mortgage 147

Mortgage Technology 147

Mortgagebroker News

APRIL 27, 2023

The average annual price is still expected to end the year lower than 2022

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Inman

APRIL 27, 2023

Over her decades-long career in real estate, Sherry Chris was the rare executive who was smart, intuitive and always fun, Brad Inman writes. "Even in retirement, she will only be a call away.

Real Estate 147

Real Estate Brokerage Agents 147

BiggerPockets

APRIL 27, 2023

The road to early retirement isn’t easy. Once you become dead-set on finding financial freedom, your entire world turns upside down.

Finance 57

Finance 57