Housing Wire

JULY 6, 2023

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales.

Inventory 466

Inventory Renovations Real Estate Government 466

Real Estate News

JULY 6, 2023

The Baird & Warner CEO shares how his family business has thrived in a cyclical, sometimes “regressive” industry, and discusses the future of buyer agency.

Brokerage 261

Brokerage Buyers Business 261

Housing Wire

JULY 6, 2023

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. The 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 6.81% as of July 6, up significantly from last week ’s 6.71%. By contrast, the 30-year was at 5.30% a year ago at this time.

Mortgage 384

Mortgage Construction Inventory Investors 384

Real Estate News

JULY 6, 2023

A former employee has withdrawn a lawsuit alleging she was unfairly fired after ending a relationship with the National Association of Realtors president.

Realtors 233

Realtors 233

Housing Wire

JULY 6, 2023

The Consumer Financial Protection Bureau (CFPB) released its 2022 Fair Lending Annual Report to Congress last week, which illustrates how it took aim last year at redlining and appraisal discrimination in pursuit of its enforcement and supervision, guidance and rulemaking, interagency coordination, and outreach and education missions. The CFPB in 2022 focused heavily on redlining; potential discrimination in the underwriting process; whether lenders are “illegally steering applicants on a prohib

Lending 384

Lending Technology Law Valuation 384

Real Estate News

JULY 6, 2023

At 6.81%, the weekly average for a 30-year fixed-rate mortgage is the highest level seen since last fall, when rates spiked above 7%.

Mortgage 221

Mortgage 221

Eyes on Housing

JULY 6, 2023

The count of open, unfilled jobs for the overall economy moved lower in May, falling to 9.8 million. While ongoing tight labor market conditions have likely confirmed one to two more Fed rate hikes through the start of the Fall, the JOLTS survey is another data point indicating an ongoing but gradual cooling of macro conditions. The count of open.

Construction 175

Construction Marketing 175

Housing Wire

JULY 6, 2023

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released updates on Wednesday related to condominium and co-operative project standards policies for properties in need of critical repairs and special assessments. “At the direction of the FHFA, Fannie Mae and Freddie Mac have worked together to update project review requirements to assist lenders in identifying projects that may have issues that result in unsafe conditions, and to promote sustainable homeownership,” the update

Inspection 370

Inspection Government Tools Finance 370

Inman

JULY 6, 2023

Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won't stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday.

Agents 167

Agents Marketing 167

Housing Wire

JULY 6, 2023

Apprasial management company Valligent , which was recently acquired by enterprise risk management and collateral valuation services provider VerosTM , announced today that it has integrated with the ICE Mortgage Technology platform Encompass. The Encompass platform by Ice Mortgage Technology offers innovative solutions for the mortgage industry and provides seamless integration capabilities and a marketplace for various mortgage-related products and services.

Technology 370

Technology Valuation Mortgage Design 370

Inman

JULY 6, 2023

Janelle Brevard initially sued the National Association of Realtors, claiming her firing was a form of harassment and retaliation. The case ended Thursday, though many questions still remain.

Realtors 161

Realtors Brokerage Agents 161

Housing Wire

JULY 6, 2023

Finance of America (FOA) announced Thursday that its indirect subsidiary Incenter closed the sale of its title insurance businesses. The company previously announced that it would be selling its title insurance businesses in early February. “The completion of this transaction marks another important step in the execution of Finance of America’s long-term growth strategy designed to help Americans achieve their retirement goals through the use of home equity,” Graham Fleming, the CEO of FOA

Business 367

Business Insurance Finance Retail 367

Inman

JULY 6, 2023

Dallas-based team leaders Jason Castro and Liz Mello have moved their team, The Castro Group, to Compass. They are the 48th agent or team to move from Coldwell Banker to Compass this year.

Real Estate 154

Real Estate Agents Brokerage 154

Housing Wire

JULY 6, 2023

First American Financial Corporation announced this week the appointment of Jody Mulkey as its chief technology officer. In this role, Mulkey will lead the corporate product development team, which is responsible for building and enhancing enterprise products across multiple First American divisions. “We’re committed to developing innovative digital products that improve the customer experience by reducing risk and streamlining processes,” said Ken DeGiorgio , chief executive o

Technology 367

Technology Development Real Estate Valuation 367

Inman

JULY 6, 2023

The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday.

Marketing 148

Marketing Agents 148

Housing Wire

JULY 6, 2023

Wolters Kluwer Compliance Solutions , a provider of risk management and regulatory compliance solutions, announced this week the appointment of Vikram Savkar as its new executive vice president and general manager. In this role, Savkar will be responsible for the management of an expanding business unit within Wolters Kluwer that focuses on product innovation and technological advancements. “I am thrilled that a capable, experienced leader with Vikram’s strong skillset has taken the

Legal 353

Legal Technology Business Insurance 353

Inman

JULY 6, 2023

Knowing which platforms to advertise on, which strategies are the most effective on those platforms, and how to deliver on promises to clients will help with marketing effectively in any digital space, writes Victoria Kennedy.

Advertising 148

Advertising Marketing Clients Agents 148

Eyes on Housing

JULY 6, 2023

After two consecutive monthly declines, existing home sales saw a modest increase in May as mortgage rates were relatively steady in April, according to the National Association of Realtors (NAR). However, elevated mortgage rates and limited inventory continued to weight on homebuyers. Low resale inventory and strong demand have contributed to the recent increases in new home sales.

Inventory 103

Inventory Realtors Mortgage 103

Inman

JULY 6, 2023

Whether you’re an agent parting ways with a team you’ve outgrown, or a team releasing an agent back into the industry for lack of production or disrupting the team culture, there’s a proper way to part ways to maintain both parties’ professionalism and reputation, Erin McCormick Torres writes.

Agents 148

Agents Brokerage 148

Kairos Appraisal Services

JULY 6, 2023

The home appraisal report plays a significant role in the home buying process. This article provides a brief overview of its various sections and what is covered in each, so you can gain a better understanding of how to read a home appraisal report. In this article, we’ll walk you through the Uniform Residential Appraisal… The post How to Read a Home Appraisal Report appeared first on Kairos.

Appraisal 97

Appraisal Sellers Buyers 97

Inman

JULY 6, 2023

The blockchain and Web3 advocate said its artificial intelligence-enhanced and optical character recognition-backed update will increase workflow efficiency and augment data dissemination.

Technology 147

Technology Real Estate 147

Boston Appraisal

JULY 6, 2023

Property disputes can come in many forms: from squabbles between neighbors about boundary lines to legal battles in a divorce proceeding over shared assets. In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal. By providing an objective assessment of the property’s market value, an appraisal can aid in dispute resolution, assist in legal arguments, and guide negotiations.

Appraisal 78

Appraisal Legal Market Value Appraisal Process 78

Inman

JULY 6, 2023

Facebook is an important marketing tool that, if used correctly, can help a real estate professional generate leads and stay top of mind with clients, writes marketing expert Laura Stace.

Tools 146

Tools Real Estate Clients Marketing 146

GoForrmz

JULY 6, 2023

Let technology solve your biggest ag data capture concerns When imagining growers and ag workers, the first images that come to mind may not be of the latest technologies or vast levels of data capture, but it may be time to change your perspective. In today’s climate, with growing populations and changing weather patterns, the science behind agriculture has never been more important.

Business 78

Business Inspection Technology Tools 78

Inman

JULY 6, 2023

The HGTV star and house-flipping expert learned the hard way that nothing in life would be handed to him. But he also learned that by "taking massive action," the possibilities in life are limitless.

Design 145

Design Realty Real Estate Brokerage 145

Lamacchia Realty

JULY 6, 2023

Two Lamacchia Realty REALTORS will be hosting the upcoming season of the television series The American Dream. Genevieve Botelho from the Worcester Office and Darlene Umina from the Waltham office will be highlighting their local markets while doing what they do best, helping their clients buy and sell properties. The 30-minute commercial-free show, “Selling Your City”, will air locally on cable starting mid-July.

Real Estate 67

Real Estate Realty Realtors Real Estate Agent 67

Inman

JULY 6, 2023

Inman sat down with Tyler Whitman to get the Real Tea on post-reality TV life, Glitter and Gay with Glennda Baker, his new Hamptons locale and upcoming projects in the works.

Brokerage 144

Brokerage Agents 144

BiggerPockets

JULY 6, 2023

Despite all of the negative coverage, the multifamily meltdown is behind us. You should be investing still. Here's why.

Investing 78

Investing Real Estate 78

Inman

JULY 6, 2023

Strong jobs numbers and GDP growth have bond market investors convinced it's all but certain the Federal Reserve will resume rate hikes this month.

Investors 154

Investors Mortgage Marketing 154

Hank Miller Team

JULY 6, 2023

No investors is immune, every one has dealt with additional costs due to unexpected repairs in a flip home. Hours of research, project expenses and potential profit, getting contractors and permits lined up and trying to hold onto the wallet. Rookie investors make rookie mistakes; overpaying, underestimating repairs, poor project management, overestimating finished market value and a thousand other things.

Decorating 52

Decorating Renovations Project Management Inspection 52

Inman

JULY 6, 2023

Watch this week's latest Inman Access classes and dive into content creation techniques for increased engagement and the latest trends being seen in the new development space.

Development 139

Development Agents Marketing 139

BiggerPockets

JULY 6, 2023

A rental property portfolio can replace your job, give you ultimate financial freedom, and allow you to do what you want when you want.

Finance 65

Finance 65

Inman

JULY 6, 2023

Even as transactions are going through for higher-priced condos and apartments, sales in the lower price tiers have been drying up.

Sellers 154

Sellers Buyers Marketing 154

San Jose Real Estate

JULY 6, 2023

The Burbank neighborhood is conveniently situated in the Central San Jose district, close to Valley Fair, Santana Row, and downtown San Jose, as well as lots of medical care and two nearby hospitals. Great shopping and dining is close at hand.

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