Housing Wire
OCTOBER 5, 2023
Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. 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 7.49% as of Oct. 5th, up 18 basis point from last week ’s 7.31%. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time.
Real Estate News
OCTOBER 5, 2023
The FHFA's second quarter report found that home values increased the most in states that aren't typically thought of as hot markets.
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Housing Wire
OCTOBER 5, 2023
The real estate market in China, both commercial and residential, have been unwinding over the last few years. Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Following a pattern eerily similar to the U.S. in 2008 and 2009. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble.
Real Estate News
OCTOBER 5, 2023
The average weekly mortgage rate leapt up again this week, and 8% "does not seem unlikely.
Housing Wire
OCTOBER 5, 2023
As Compass looks to strengthen its presence in Northern California , it is welcoming back a familiar face. The Robert Reffkin -helmed firm is welcoming back Bob Gerlach, who retired from the brokerage in 2021, according to an announcement on Wednesday. Gerlach is joining Compass as a sales manager supporting brokerage professionals in the Palo Alto market as part of the firm’s management team. “We’re seeing a lot of real estate professionals return to Compass after a short stint away
Eyes on Housing
OCTOBER 5, 2023
NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017. Vermont was the only state for which the.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
OCTOBER 5, 2023
After four years with Side Real Estate, OWN Real Estate founder Wilson Leung has brought his team back to Keller Williams. OWN's 19 agents closed 80 transactions worth $107.1 million in 2022.
Housing Wire
OCTOBER 5, 2023
As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. Between the summer of 2019 to date, there have been at least 26 securitization deals backed by home equity products valued in total at some $6.1 billion, according to a review of bond-rating and industry reports.
Inman
OCTOBER 5, 2023
Dana Cadena takes a deep dive into the latest industry trends and best practices and shares advice on how to rise above the noise and create opportunities in today's market.
Housing Wire
OCTOBER 5, 2023
HousingWire Editor in Chief Sarah Wheeler sat down with Adam Carmel , founder and CEO at Polly , to talk about the ways technology should be delivering ROI for lenders. Sarah Wheeler: The cost to originate a mortgage is higher than ever, while companies have invested more in technology than ever before. What is the disconnect there? Adam Carmel: Since the great financial crisis there are certain things that lenders and banks have to spend money on today that have created more costs to their busi
Inman
OCTOBER 5, 2023
Palmquist joined eXp's Michael Valdes on stage to talk recruitment at ICLV over the summer. Now, he's taking his 30-member team to eXp as the brokerage's new director of growth for California.
Housing Wire
OCTOBER 5, 2023
The Asian Real Estate Association of America (AREAA) shared its annual “A-List” on Monday. Shirley Gary, Tracy Allen, Realty Group , and the Advanced Super Team ranked highest in AREAA’s real estate sales list, while Shashank Shekhar and Joanna Yu topped the loan originators rankings. When added-up together, the A-List honorees generated more than $15.4 billion in sales volume from 20,472 transaction sides in 2022.
Inman
OCTOBER 5, 2023
While you want to do what’s best for your team, sometimes helping can hurt. New Inman contributor Beverly Jacobo offers insights for assisting agents without rewarding bad behavior.
Housing Wire
OCTOBER 5, 2023
The No. 1 brokerage in the country by transaction side count is getting bigger. Troy Palmquist is bringing his team of nearly 30-agents at DOORA Properties over to eXp Realty from white-label firm Side. “Joining a new brokerage company can be both an exhilarating and nerve-wracking experience, but, it’s precisely this sense of venturing into the unknown that I’m excited about.
Inman
OCTOBER 5, 2023
Lender Price CEO Dawar Alimi breaks down the impact of AI on mortgage lending, how it's making it quicker and smarter and what's to come.
Housing Wire
OCTOBER 5, 2023
Sue Yannaccone and Sherry Chris are teaming up to launch Balance Blueprint , a new campaign from What Moves Her. Founded in 2020 by Yannaccone, who is the president and CEO of Anywhere Brands and Anywhere Advisors, What Moves Her is an advocacy organization with the goal of helping women in real estate develop their leadership skills and achieve their professional development goals.
Inman
OCTOBER 5, 2023
It's not just how your marketing looks, it's how it performs. According to broker-owner Eric Bramlett, in performance marketing, results reign supreme.
Housing Wire
OCTOBER 5, 2023
The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. Mortgage application fraud declined 3.1% year-over-year in Q2 of 2023 compared to the second quarter of 2022, according to CoreLogic Mortgage Fraud Report. However, they increased slightly(+1.6%), from Q1 to Q2 2023. Overall, in the second quarter of 2023, 0.75% of all mortgage applications were estimated to contain fraud, it equates to about 1 in 134 applications.
Inman
OCTOBER 5, 2023
Scott Degnan, California division president of Jason Mitchell Group, offers advice and insights on the advantages of working with a team.
Empire Appraisal Group
OCTOBER 5, 2023
What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. This type of appraisal is typically required during the settlement of an estate, especially when there are assets that will be inherited by heirs or beneficiaries.
Inman
OCTOBER 5, 2023
Find out how The Agency North Vancouver's co-managing partners focus on collaboration and connection as they build their brokerage.
Mortgagebroker News
OCTOBER 5, 2023
With more Canadians facing late-life divorce, there is a need for innovative financial solutions to help with the financial intricacies of this complex and emotional process
Inman
OCTOBER 5, 2023
Supposedly fire-resistant homes newly constructed in Calaveras County are being built with magnesium sourced from Canada.
BiggerPockets
OCTOBER 5, 2023
Apartment brokers overprice properties all of the time—and get away with it. So what should you do about it?
Inman
OCTOBER 5, 2023
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report.
Mortgagebroker News
OCTOBER 5, 2023
Broker licensing, options for struggling borrowers among leading topics at inaugural conference
BiggerPockets
OCTOBER 5, 2023
Many real estate syndications are facing absolute failure in 2023.
Mortgagebroker News
OCTOBER 5, 2023
The lowest-income households saw massive gains in average disposable income during the second quarter, says Statistics Canada
BiggerPockets
OCTOBER 5, 2023
A 2024 recession looks a lot more likely than it did just a few months ago.
Mortgagebroker News
OCTOBER 5, 2023
On an annual basis, listings surged while sales had a more modest increase
Housing Wire
OCTOBER 5, 2023
Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide. The new DU update will be rolled out to the system during the weekend of Nov. 18, the company said.
Mortgagebroker News
OCTOBER 5, 2023
Benchmark prices fell for the second consecutive month in September, FVREB says
Housing Wire
OCTOBER 5, 2023
Families with children under 24 years old living at home recorded 35% of all predicted listings through July, according to The nSkope Predictive Analytics Report. The report reviewed nSkope’s January-April 2023 listings predictions and found 301,314 properties already converted to actual listings through the end of July. The nSkope Predictive Analytics Report reviewed 360 MSAs in the U.S.
Mortgagebroker News
OCTOBER 5, 2023
Tech should be used to make everybody's lives easier, says co-founder
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