Tue.Aug 29, 2023

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Image Analytics from CoreLogic helps users analyze property images quickly and accurately

Housing Wire

Reviewing appraisal imagery, an essential step in the valuation review process, is time-consuming and laborious. CoreLogic developed Image Analytics to drive innovation in the appraisal review process and help lenders and mortgage industry professionals analyze property images quickly and accurately. This technology eliminates the need for manual, multi-touchpoint review, which saves time and reduces errors.

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The eye-candy of assuming a loan

Sacramento Appraisal Blog

Assumable loans are eye candy in today’s housing market. The idea of taking over somebody’s 2.5% loan sounds amazing, right? It’s technically possible on paper for some loan types, but it’s challenging to pull off in the real world. Yet, if mortgage rates remain high, this is something we’re likely going to hear more about, […] The post The eye-candy of assuming a loan first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Compass Connecticut office snags Leslie Clarke Team from William Raveis

Housing Wire

The Leslie Clarke Team, the top small agent team in Connecticut according to RealTrends , is joining the Connecticut office of Compass , the company announced on Tuesday. The move comes as Compass expands its tech offerings for agents. “This transition provides me access to the industry’s premier technology platform, an energetic office culture, and an expansive referral network spanning the nation,” said Clarke, whose team was previously part of William Raveis.

Agents 410
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Cleaning Up Your Inbox

The Appraiser Coach

If there’s one thing that consistently stresses out small business owners more consistently than anything else, it’s the dreaded inbox. Especially as an appraiser, I.

Business 195
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CFPB small business lending rule faces court challenges in multiple states

Housing Wire

A group of banks in Kentucky is seeking to block the implementation and enforcement of the Consumer Financial Protection Bureau (CFPB)’s small business lending rule , the latest in a series of challenges brought by parties including legislators and industry groups. The Kentucky Bankers Association and a coalition of banks in the state filed a preliminary injunction last week to block the rule from taking effect, according to court documents reviewed by HousingWire.

Lending 397
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High home prices in June foretold a tough summer for buyers

Real Estate News

The latest Case-Shiller data found that prices continued to creep up through June, returning to peak levels. But things may shift this fall.

Buyers 253

More Trending

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What MLSs should do now to prepare for commissions lawsuits

Real Estate News

A proactive approach could help MLSs better manage any potential changes to their business models.

Business 297
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Why all your exes probably live in Texas

Housing Wire

Texas continues to outpace other states in attracting new residents, according to migration data from John Burns , with Houston, San Antonio and Fort Worth showing strong housing demand. The other top cities for in-migration include Jacksonville, Florida, Charlotte, North Carolina, and Nashville, Tennessee. However, the Austin housing market, which boomed during the pandemic , is now seeing barely positive migration numbers, along with Phoenix , Arizona, and Las Vegas, Nevada.

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Agents: Kenny Parcell’s resignation is the ‘beginning’ of fixing NAR

Inman

Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members.

Agents 190
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American Bank of Oklahoma settles redlining case for $1.5M

Housing Wire

American Bank of Oklahoma has agreed to invest $1.5 million in credit opportunities for neighborhoods of color in the Tulsa metropolitan area as a settlement with the Department of Justice in an alleged redlining case. The bank denies the allegations. The DOJ complaint, filed in federal court, claims that the bank failed to provide mortgage lending services from 2017 through at least 2021 in neighborhoods in and around Tulsa , including those that were the site of the 1921 Tulsa Race Massacre.

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US home prices near 2022 high as prices rise for fifth-straight month

Inman

U.S. home prices rose to within 0.02 percent of an all-time high tallied in June 2022 as cities nationwide posted a fifth month of increases, according to data released Tuesday by CoreLogic and the FHFA.

Marketing 184
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Q2 2023 real estate team financial performance beats Q1 numbers

Housing Wire

The second quarter 2023 was a boon for real estate teams, beating out financial performance in Q1 2023 , according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has a roster of hundreds of U.S. real estate teams and individual agents as clients for their accounting and bookkeeping services.

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Why having a strategic plan is the secret to peak performance

Inman

The best real estate agents and the people who operate at the highest levels of the industry are not tactical, they are strategic, writes Nick Schlekeway. In part three of his five-part series, he looks at the importance of strategic planning.

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The anatomy of a successful real estate recruitment funnel

Housing Wire

Recruitment is a crucial determinant of growth and success for real estate brokerages. Like your customer, the recruitment process can be visualized as a sales funnel, where potential recruits enter at the top, and the best-suited agents emerge at the bottom as ideal members of your team or brokerage. Understanding and optimizing each stage of this funnel is critical to streamline recruitment and attract top-tier talent.

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What should happen next at NAR?

Inman

Who's in a position to decide what should happen, and what's next for the leadership at The National Association of Realtors?

Realtors 192
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Lower sues former employees for fraud that cost the firm $4M 

Housing Wire

Maryland-based lender Lower sued four former employees for fraud which it says has cost the firm more than $4 million in financial losses. Lower also accused Texas-based lender AmCap Mortgage of conspiring in a scheme with its former employee to induce other staff to abruptly leave Lower. Jason Ozment, Lower’s former vice president and branch manager in Plano, Texas, misappropriated vast amounts of confidential business and trade secret information concerning its business and its customers, incl

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Home Price Appreciation Continues in June

Eyes on Housing

In June, national home prices continued to increase. Limited inventory and solid but weakened demand put upward pressure on home prices, despite rising mortgage rates. Locally, all 20 metro areas, reported by S&P Dow Jones Indices, had positive home price appreciation in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.

Inventory 167
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Opinion: Real estate success is paved brick by brick

Housing Wire

At the height of the Great Depression In 1932, Ole Kirk Christiansen, a Danish carpenter, had fallen on hard times. With few jobs available, he began crafting wooden toys in his workshop to make ends meet for his wife and three boys. It was a humble beginning for what would become one of the most iconic and beloved brands by people all over the world.

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Credit repair companies settle ‘hot swapping’ allegations for $2.7B

Inman

Lexington Law and CreditRepair.com parent Progrexion filed for bankruptcy protection in June after the court ruled collection of upfront fees violated the Telemarketing Sales Rule.

Law 148
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In July, job openings declined to pre-pandemic level

Housing Wire

U.S. job openings fell in July, declining to an early 2021 level. A few weeks ahead of the next Federal Open Market Committee meeting, this latest data release offers fresh evidence that the labor market is cooling. The number of job openings edged down to 8.8 million in July from 9.17 million in June, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey , or JOLTS, showed on Tuesday.

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Tens of thousands of Airbnb listings will be outlawed in NYC next week

Inman

Local Law 18, which requires short-term rental owners to register with the city, could siphon tens of millions of dollars in revenue from Airbnb when it goes into effect on Sept. 5 in New York City.

Law 148
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Specificity is your goldmine for real estate web traffic

Housing Wire

In the dynamic realm of digital real estate, discovering fresh growth hacks can be the key to inching ahead of competitors. Today, I want to unpack a growth hacking approach I employed on a real estate website I manage. The outcome? A noticeable uptick in traffic, proving the value of thinking outside the box. Most real estate sites feature landing pages tailored to broad search terms—think “homes for sale in New York” or “apartments for rent in Boston.” But here’s

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Redlining, steering, misogyny and fear: How the industry lost its way

Inman

"Our original mission was to provide shelter and security to our communities," writes Teri Conrad, a 16-year industry vet. "But somewhere along the way, we got lost in pursuing wealth and power.

Brokerage 148
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Job Openings Data Reveal Labor Market Cooling

Eyes on Housing

The count of open, unfilled jobs for the overall economy continued to moved lower in July, falling to 8.8 million. While certain inflation readings have raised the likelihood of a September Federal Reserve interest rate increase, the JOLTS survey is another data point indicating an ongoing but gradual cooling of macro conditions due to elevated interest rates.

Marketing 147
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NAR notches loss as appeals court revives pocket listing antitrust suit

Inman

Top Agent Network's case against the National Association of Realtors' Clear Cooperation Policy will move forward after the Ninth Circuit court ruled to overturn a lower court ruling on Monday.

Realtors 148
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Yolo County Market Trends August 2023

Yolo Solano Appraisal Blog

Here are Yolo County residential real estate market trends as of August 23, 2023, based on analysis of sales in Metrolist MLS for my presentation at the Yolo County Association of Realtors marketing meeting last week. In the past, I’ve not included county-wide data nor West Sacramento.

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Nearly half of Better’s mortgage business now comes from partners

Inman

Better's market share has shrunk by more than 70 percent in the last year as it focuses on making more profitable loans, with partners like Ally Bank and American Express generating 42 percent of its mortgage business.

Business 147
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7 Deals in 2 Years with HUGE Cash Flow: How to Grow Your Real Estate FAST

BiggerPockets

Growing a real estate business with multiple rentals and HUGE cash flow…in just two years!? How do you get so many deals done in such little time?

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Holding onto property managers is hard. Here’s how to keep them

Inman

Our management team averages 12 years on the job, providing continuity essential to our residents and our business. Here’s how we do it.

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Ask an Appraiser Webinar

National Association of Realtors

Register today for the October 4 Webinar featuring a panel of seasoned REALTOR® appraisers, as they field questions about all aspects of the real estate industry and appraisal process.

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DelPrete: Why real estate tech platforms can’t quit the agent

Inman

The last mile of lead generation, where an agent connects with a client, is what tech can't recreate on its own, Mike DelPrete argues.

Agents 148
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Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

BiggerPockets

Short-term rentals are still hot, despite what some pundits say. That's why you should be learning to scale your portfolio even further with DSCR loans.

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Industrial market shortages in Ontario could impact the rest of Canada: RE/MAX

Mortgagebroker News

Addressing shortfalls as soon as possible is crucial since Ontario remains a major industrial hub, report says

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Home prices back near all-time highs

Housing Wire

Home prices showed resilience in June as low supply drove demand in spite of high mortgage rates. The S&P CoreLogic Case-Shiller home price index posted a 0.7% month-over-month increase after a seasonal adjustment in June — marking the fifth consecutive monthly increase. Meanwhile, the 10-City and 20-City composites both posted increases of 0.9%.

Inventory 370