Thu.May 11, 2023

article thumbnail

Mortgage rates continue recent sideways trend: Freddie Mac 

Housing Wire

This week’s mortgage rates declined slightly, continuing a recent “sideways trend” at the low 6% mark. Rates reflected a moderation in inflation and the banking crisis, and the consequent expectation that the Federal Reserve ( Fed ) is done hiking the federal funds rate. Per Freddie Mac ‘s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage averaged 6.35% as of May 11, down four basis points from last week’s 6.39%.

Mortgage 395
article thumbnail

Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)

Real Estate News

President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Flueid integrates with Encompass to fuel loan originations

Housing Wire

Flueid , a leading technology company specializing in real estate transactions, announced on Thursday the integration of its patented Flueid Decision platform with Encompass by ICE Mortgage Technology. This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience.

article thumbnail

The 'catastrophic' impact of a debt default on housing costs

Real Estate News

The U.S. has never defaulted on its debt, but without government action, it could happen by June 1 — leading to a surge in mortgage rates and monthly costs.

article thumbnail

NAR votes to raise membership dues in alignment with inflation

Inman

The National Association of Realtors voted Thursday to tie annual membership dues to the Consumer Price Index. Its board separately voted to increase annual dues by 4 percent to $156 next year.

Realtors 167
article thumbnail

Real defies the odds, reports strong annual revenue gains

Real Estate News

The Real Brokerage more than doubled its agent count vs. last year, with chairman and CEO Tamir Poleg crediting its technology and “agent attraction model.

Brokerage 261

More Trending

article thumbnail

Mortgage rates inch down, continuing a ‘sideways trend’

Real Estate News

Interest rates dipped slightly to 6.35% this week, and mortgage applications were up — but limited inventory is keeping the market “subdued.

Mortgage 235
article thumbnail

10 killer call-to-action strategies for real estate agents

Inman

A well-crafted CTA can make the difference between a lead and a sale, so put the time and effort into creating a powerful one that drives action and achieves your desired outcomes.

article thumbnail

A tough first quarter for top Canadian brokerage company

Real Estate News

Bridgemarq Real Estate Services reported a net loss of $4.7 million, attributing the drop to the housing market downturn.

Brokerage 198
article thumbnail

US debt default may mean tanking sales, huge mortgage costs

Inman

A debt default by the U.S. government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22 percent, pushing rates to a peak above 8 percent in September, according to Zillow.

Mortgage 155
article thumbnail

Building Materials Prices Decline in April Despite Increased Lumber Costs

Eyes on Housing

According to the latest Producer Price Index report, the prices of inputs to residential construction less energy (i.e., building materials) decreased 0.2% in April 2023 (not seasonally adjusted). The index has gained 0.5%, year-to-date, which is the smallest April YTD increase since it climbed 0.3% over the first four months of 2020. The PPI for goods inputs to residential construction, including.

article thumbnail

How to inspire client trust and attract like-minded agent talent

Inman

Industry leaders Anthony Lamacchia and Dana Cadena share their expertise and tactical strategies on how to grow your business, obtain more listing opportunities and attract top talent.

Clients 155
article thumbnail

Some Homeowners Regret Pandemic Purchases

Empire Appraisal Group

NEWS & MEDIA sturti, E+, Getty Images Source: Some Homeowners Regret Pandemic Purchases | Florida Realtors Some Homeowners Regret Pandemic Purchases By Devan Markham A number of people who bought homes during the bidding wars – often foregoing inspections and making offers sight-unseen – are discovering problems with the property. NEW YORK – Some homeowners who bought their homes during the pandemic say they are starting to feel some buyer’s remorse, especially those who bought their homes s

article thumbnail

Engel & Völkers enters nation’s capital with 14th Street shop

Inman

The new office, led by License Partners Rick Foster, Tom Spier, Phil Di Ruggiero and Travis Gray, will service neighborhoods in D.C. as well as Montgomery and Prince George's counties in Maryland; and Arlington, Alexandria and Fairfax Counties in Virginia.

Brokerage 154
article thumbnail

How to Pass Your Appraiser License Exam the First Time

McKissock

All real estate appraisers must pass the National Uniform Licensing and Certification Examination as the final step toward earning their appraiser license. The exam is not easy. According to The Appraisal Foundation exam statistics for 2022 , 1 in 3 people fail the Licensed Residential exam and the Certified Residential exam on the first try. Here’s how to pass your appraiser license exam the first time.

article thumbnail

Fathom Realty narrows losses but agent growth slows in Q1

Inman

With 10,628 agents on board as of March 31, Fathom grew by 258 agents in the first three months of the year but posted a $5.7 million Q1 net loss, according to an earnings call Wednesday.

Agents 154
article thumbnail

William Mahoney Named Lamacchia Realty’s Employee of the Month – April 2023

Lamacchia Realty

Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.

Realty 74
article thumbnail

Real estate stocks are suddenly and finally on fire

Inman

Redfin, Opendoor and Compass have all seen their share prices rally in recent days — suggesting that after years of the cold shoulder investors are warming to the sector.

article thumbnail

From Homeless at 14 to Debt-Free Homeowner AFTER Prison Time

BiggerPockets

A debt-free homeowner with an emergency fund and a keen eye for personal finance? A few years ago, Jazmyn Gray wouldn’t have dreamed that’s how her life turned out.

Finance 56
article thumbnail

Airbnb chief calls out CEOs for remote work double standard

Inman

"I guarantee you that many of these CEOs who are calling people back to the office in New York City are going away to the Hamptons for the summer or going to Europe in August," Airbnb CEO Brian Chesky said.

article thumbnail

Avison Young reports 'turbulence' in Metro Vancouver office market

Mortgagebroker News

The market is seeing more unoccupied newly delivered space along with a growing number of subleases

article thumbnail

Realtor.com parent Move saw traffic and revenue fall in Q1

Inman

Between January and March, Realtor.com had an average of 72 million unique monthly users — down 24 percent compared to one year earlier, according to the company's first-quarter earnings report.

article thumbnail

Feds announce massive investment in Indigenous housing

Mortgagebroker News

Approximately $103 million has been earmarked for new development and ongoing operational support

article thumbnail

Coldwell Banker Warburg launches ‘What Moves Her’ chapter

Inman

Establishing a more localized version of the "What Moves Her" campaign will allow Coldwell Banker Warburg to have a more direct impact on female real estate professionals in their community and tailor programming to the community's specific needs, the company exclusively told Inman.

article thumbnail

StatCan releases latest building permit figures

Mortgagebroker News

A significant increase was recorded, although not on the residential side

64
article thumbnail

iGuide software update draws in architects with DWG format

Inman

Property data capture company Planitar, which sells iGuide, a digital twin and dynamic digital floor plan production software, has worked its way deeper into the architectural mainstream, according to the company.

article thumbnail

Q2 2023 Housing Market Update: Homebuying Could Get MUCH Harder

BiggerPockets

Homebuyers are gearing up for a hot summer housing market as demand starts to surge.

article thumbnail

Find out how this LA agent pulls 80% of his clients from YouTube

Inman

Darren Kriz's journey from amateur YouTuber to real estate superstar demonstrates the power of persistence, consistency and a passion for learning.

Clients 155
article thumbnail

What's top of mind for mortgage lenders in the current market?

Mortgagebroker News

CEO on navigating an ever-changing environment

article thumbnail

Mr. Cooper closing in on $1T portfolio with Home Point deal

Inman

After selling off originations businesses and laying off thousands, Home Point will sell $84 billion in mortgage servicing rights for $324 million in cash.

Business 148
article thumbnail

MCAN Mortgage Corporation reports robust results for Q1 2023

Mortgagebroker News

The lender saw its net income grow on a yearly basis

article thumbnail

Broker Spotlight: Johnny Chappell, Compass Carolinas

Inman

Find out how this former TV news anchor made a gradual pivot into real estate and built an award-winning North Carolina brokerage.

Brokerage 161
article thumbnail

What impact has the BoC's rate pause had on Canada's housing market?

Mortgagebroker News

Exec highlights recent trends

article thumbnail

Make people matter: 4 ways to positively impact agent retention

Inman

In the second part of his two-part series, Chase Williams looks at the actionable steps you can take to make an impact on your retention.

Agents 155