Housing Wire
OCTOBER 12, 2023
Today’s CPI report was good because it shows core inflation, which the Fed cares about, is trending in the right direction. The Fed feels much better today because of all the rate hikes they have done to get the Fed funds rate above the growth rate of inflation. Last year, CPI core inflation was running at 6.3%, and shelter inflation was still higher even though the data line was set to cool down.
Real Estate News
OCTOBER 12, 2023
Greg Schwartz, CEO of online lender Tomo and former head of Zillow’s Premier Agent business, sees some relief ahead for consumers — and a reckoning for agents.
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Housing Wire
OCTOBER 12, 2023
Though the home service industry is worth $500 billion, it remains a highly fragmented space occupied by a variety of players: independent contractors, platforms such as Angie , TaskRabbit , as well as white label concierge firms like LiveEasy. Vishwas Prabhakara has a new twist to offer. Through a membership system, his startup Honey Homes provides its clients, the homeowners, with the services of a dedicated, salaried handyman.
Real Estate News
OCTOBER 12, 2023
A respected team leader and speaker, Geha worked with giants Gino Blefari, Gary Keller and Glenn Sanford during his four-decade career.
Housing Wire
OCTOBER 12, 2023
Sarah Wheeler: In the past you said that technology isn’t a differentiator, it’s just an equalizer. Do you still think that? Rich Weidel: Yes, and even more now that we’re seeing in this down cycle which technologies provide value and which are just an expense. It wasn’t that long ago that technology was going to change everything. If you go and look at headlines from 2013-2014 — everything was revolution and transformation and technology was going to lower costs.
Real Estate News
OCTOBER 12, 2023
Economic signals appear to be keeping rates elevated as they climb for a fifth straight week.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
OCTOBER 12, 2023
Although technology has its place, it simply can't compare with the human touch when it comes to marketing and running a real estate business. Broker Teresa Boardman differentiates the skills AI is good at from those that you can do better.
Housing Wire
OCTOBER 12, 2023
When we go through the brokerage valuation process, the product is Fair Market Value (FMV). This is essentially the home price that a willing homebuyer would pay a seller. Interestingly, though, FMV isn’t always the final purchase price in a lot of the deals out there. In mergers and acquisitions (M&A), nearly everything is negotiable, especially the purchase price.
Inman
OCTOBER 12, 2023
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association's weekly survey.
Housing Wire
OCTOBER 12, 2023
Mortgage rates kept climbing for the fifth consecutive week, bringing average year-over-year rates 60 basis points higher. 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 mortgage averaged 7.57% as of Oct. 12. That’s up 8 basis points from 7.49% the previous week.
Eyes on Housing
OCTOBER 12, 2023
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2023 posted a reading of 65, edging down 3 points from the previous quarter. While there is still demand for remodeling, some customers are pulling back on potential projects due to higher prices and increased interest rates. Even though remodeling spending has experienced some slow down over the.
Housing Wire
OCTOBER 12, 2023
Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp., Inc. , according to a motion filed by AmeriFirst and holding company Phoenix 1040 LLC earlier this month.
Inman
OCTOBER 12, 2023
Fostering a feedback culture sets the stage for greater collaboration and performance improvement across your organization. Luxury consultant Chris Pollinger offers the strategies you need to make it happen.
Housing Wire
OCTOBER 12, 2023
Metro Atlanta-based real estate broker and TikTok influencer Glennda Baker is making the leap to Coldwell Banker. Baker and her team of five agents , which serve the greater Atlanta market , were previously affiliated with Christie’s International Real Estate. “We’re thrilled to be partnering with a brand that shares so many of our same values,” Baker said in a statement.
Inman
OCTOBER 12, 2023
According to Brad Inman, real estate pros are facing a host of game-changing challenges to the status quo all at the same time. How we navigate this moment will be remembered for decades.
Housing Wire
OCTOBER 12, 2023
Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. September’s rate-lock decline continues a four-month trend of falling mortgage volumes, with month-over-month purchase locks down 20%, cash-outs down 17% and rate/term refinances down 18% in September.
Inman
OCTOBER 12, 2023
Knowing who you are and conveying your value with authenticity is an essential part of communicating with potential clients. The Agency's Rainy Hake Austin offers insights and strategies for making your marketing message resonate.
Housing Wire
OCTOBER 12, 2023
Wholesale lender The Loan Store launched a consumer rewards program designed to help mortgage brokers offer competitive mortgage rates. Buyers can save up to 40 basis points on any agency, government or non-qualified mortgage (non-QM) first-lien loans when working with a wholesale loan origination partner approved by The Loan Store, the Arizona-headquartered lender said.
Inman
OCTOBER 12, 2023
Today's real estate market can present an intimidating and emotional challenge to hopeful buyers and sellers. Mauricio Umansky shares strategies for helping educate and reassure them so that they can get their needs met.
Housing Wire
OCTOBER 12, 2023
Real estate investment trust Rithm Capital Corp. has increased its offer to acquire Sculptor Capital Management Inc. by 7.62% to $676 million amid competition from a group of investors and a dispute among the shareholders at the asset management firm. On July 24, Rithm said it struck a deal to acquire the New York-based company for $639 million, or $11.15 per Class A share.
Inman
OCTOBER 12, 2023
Have you started your strategic real estate business planning for 2024? Inman Connect's virtual event, Nov. 1-2, offers two days of streaming knowledge.
Housing Wire
OCTOBER 12, 2023
As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI. At the American Land Title Association’s annual ALTA One conference , several title industry experts and analysts have broken down the hype, use cases and risks posed by using AI.
Inman
OCTOBER 12, 2023
After a career as a retail home furnishings buyer in LA, find out how Terri Munselle transitioned to country club living and a new career in real estate.
Housing Wire
OCTOBER 12, 2023
The Consumer Price Index (CPI) increased 0.4% month over month and 3.7% year over year in September for the second straight month, the U.S. Bureau of Labor Statistics reported on Thursday. The inflation data comes on the heels of a stronger-than-expected September jobs report. In comparison, the CPI rose 0.6% in August and 0.2% in July. With the next FOMC meeting on Nov. 1, investors are trying to make sense of the steady September inflation data and its impact on the Fed ‘s next rate-hik
Inman
OCTOBER 12, 2023
The feature, which is currently available only on Zillow's iOS mobile app, allows home shoppers to select a school district and then displays school attendance zone boundaries and homes available for rent or for sale within those boundaries.
Housing Wire
OCTOBER 12, 2023
The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) have reached two settlements totaling $23 million with consumer credit reporting agency TransUnion , stemming from issues related to its rental background check reports and alleged failure to honor security freeze and lock requests, respectively. TransUnion “failed to take steps to ensure the rental background checks that landlords use to decide who gets housing were accurate,” and “withheld, from renters, the nam
Inman
OCTOBER 12, 2023
The Atlanta-based broker is leaving Ansley Real Estate with Christie’s International and taking her team, known as "The Diamond Squad," along with her to Coldwell Banker Realty, Inman has learned exclusively.
Eyes on Housing
OCTOBER 12, 2023
Consumer prices in September remained stable, with housing and gasoline cost continuing to be key drivers. Despite the slight annual slowdown, shelter costs remain elevated, accounting for over 70% of the total increase in all items excluding food and energy. The Fed’s ability to address rising housing costs is limited as shelter cost increases are driven by a lack of.
Inman
OCTOBER 12, 2023
Despite all the talk of alternative revenue streams, Zillow's latest money-making strategy is raising the price of its agent-based lead-gen offering.
Empire Appraisal Group
OCTOBER 12, 2023
Top reasons to get your home appraised d uring a divorce. Getting your home appraised during a dissolution of marriage (divorce) is a prudent step that can help both parties involved in the divorce process. Here are some of the top reasons to consider getting a home appraisal in this situation: Equitable Property Division : In many divorces, marital assets, including the family home, need to be divided between the spouses.
Inman
OCTOBER 12, 2023
Inflation rose 0.4 percent in September, a near standstill from August, according to the latest Consumer Price Index Thursday. Economists believe "shelter" will soon recede as the largest contributor to runaway prices.
Appraisal Hub
OCTOBER 12, 2023
Embarking on a real estate journey in the vibrant heart of Canada – Toronto, can be both exhilarating and daunting. The towering condos, charming semi-detached homes, and sprawling commercial spaces each tell a story of a city that is continuously evolving. But how do you navigate through this dynamic market to ensure your property ventures are sound and rewarding?
Inman
OCTOBER 12, 2023
Join Melanie Klein and Emily Bossert for an impactful Inman Access class where they discuss how to navigate challenges with mindful responses to maintain professionalism.
Lamacchia Realty
OCTOBER 12, 2023
We are so excited to announce that Angela Harkins has officially qualified for the Lamacchia Realty President’s Club ELITE! She reached this milestone by surpassing $24,000,000 in sales volume so far this year! Angela is also a member of the 2020 and 2021 President’s Club ELITE and a 7-time member of the Lamacchia Realty President’s Club.
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