Fri.Jun 16, 2023

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Despite obstacles, homeownership rate climbs for below-median income households

Housing Wire

Below-median family income households are overcoming constraints related to increased borrowing costs and home prices and are finding ways to become homeowners, according to Freddie Mac ’s latest economic, housing and mortgage outlook. The below-median family income homeownership rate increased to 53% from 48% since 2016, Freddie Mac said, citing data from the Census Bureau ’s Housing Vacancy survey.

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'What-if' scenarios in the commissions lawsuits, and how to prepare for them

Real Estate News

As several buyer agent compensation cases work their way through the court system, it’s time for brokers and agents to come up with a plan.

Agents 263
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MBA defends servicers on heels of HUD OIG loss mitigation report

Housing Wire

The Mortgage Bankers Association (MBA) is highlighting the challenges and successes that the COVID-19 pandemic created for mortgage servicers in response to a series of reports published this week by the U.S. Department of Housing and Urban Development (HUD)’s Office of the Inspector General (OIG). “[The] report from the OIG confirms what we all know – the COVID-19 pandemic presented unprecedented challenges to homeowners, servicers, and the federal agencies like HUD that administer loan guarant

Insurance 370
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People On the Move at ERA, BHGRE, Coldwell Banker, Poplar Homes

Real Estate News

Change is afoot at Anywhere brands, where 2 new presidents are filling the role vacated by Sherry Chris and regional leadership has shifted at Coldwell Banker.

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Ex-employee sues CrossCountry, branch manager for sexual harassment, retaliation

Housing Wire

A former CrossCountry Mortgage employee accused her immediate superior at a branch in Georgia of sexual harassment and said the mortgage company retaliated against her after she lodged complaints with the human resources department and federal authorities. Christina Nielsen, a former processor, claims that during her employment at CrossCountry, Alpharetta branch manager Steven Bocca subjected her to sexual comments, touched her without consent and made inappropriate solicitations.

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Coldwell Banker’s Kate Rossi to lead new Anywhere agent program

Inman

Anywhere's Agent Engagement team will help Anywhere affiliated broker-owners and agents supercharge their businesses with personalized coaching and mentorship, the company said.

Agents 155

More Trending

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Keller Williams and agent hit with class action telemarketing suit

Inman

Las Vegas resident Wayan Garvey filed a complaint calling out Keller Williams' allegedly "relentless marketing practices" and accusing the franchisor and agent Britney Gaitan of violating federal law.

Agents 155
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Career insights from an HW Insiders Honoree

Housing Wire

The HousingWire award spotlight series highlights the individuals who have been previously recognized by the HW Editors’ Choice Awards. N ominations for HousingWire’s Insiders award are open now through Friday, June 23, 2023. Click here to nominate an industry insider — a client, colleague, boss or friend — it can even be you! For the last eight years, the HW Insiders award program has provided the housing industry with the opportunity to recognize the professionals who are making a major impact

Agents 370
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StreetEasy assembles advisory board for broker feedback

Inman

The board is composed of 19 brokers from various firms across New York City who will meet in person once a quarter to discuss resources, products and other topics, according to StreetEasy.

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Fannie: Words and Phrases in Appraisals

Appraisal Today

What Fannie Says Effective June 29, 2023 Say This, Not That: Words and Phrases to Replace in Your Appraisal Reports By McKissock As part of our contributor series, Julie Molendorp Floyd gives tips on how to use more objective language in your appraisal reports ahead of the new Loan Collateral Advisor (LCA) alert messages that will take effect June 29, 2023.

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Limitless referrals can be yours in any market

Inman

Your pipeline in 180 days is a reflection of the work you are doing today. Based on the work you are doing now, what do you expect your pipeline to look like in six months?

Marketing 148
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Lamacchia Realty to Join Boston25 Morning Zip Trips Summer 2023

Lamacchia Realty

We are thrilled to be joining our friends at Boston25 for another summer of Zip Trips! The Boston25 morning anchors, Gene Lavanchy and Elizabeth Hopkins will broadcast the news at 8 different locations across Massachusetts this summer. Not only will Lamacchia Realty be at each location, but Anthony Lamacchia or Jackie Louh will also be featured in a segment to discuss the local real estate market in each town.

Realty 68
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Veros says its AVM isn’t tripped up by historical redlining boundaries

Inman

Study finds that homes located within historically redlined neighborhoods tend to have less living space, smaller lot sizes and more variations in quality.

Valuation 155
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How Mission 35 Mortgages is driving digital innovation in the mortgage space

Mortgagebroker News

The company was recognized for its cutting-edge approach at the recent Canadian Mortgage Awards

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First Look: The Future of Stand-Out Listings is Here

Inman

Listing Showcase from ShowingTime+ is an exclusive and elevated listing experience that gives sellers a premium online listing and highlights an agent’s brand on Zillow.

Sellers 148
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Canadians' financial stress tops other woes for sixth consecutive year

Mortgagebroker News

One in two have lost sleep over money, and one in three have experienced mental challenges from it

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Does low inventory make the market crash-proof?

Inman

On The Download this week, we're asking: Is low inventory having a protective effect on the housing market? How long can it last?

Inventory 155
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Canada housing market: What's in store for the rest of 2023?

Mortgagebroker News

Activity increased again in May – but could rising rates see demand fall?

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15 (plus a bonus) Dad Jokes real estate agents will love

Inman

Just in time for Father's Day, Devon Broderick brings back the Dad Joke in a big way with this real estate-related compilation.

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Rookie Reply: Pre-Foreclosures and How to Cut Your Property Management Costs

BiggerPockets

Let’s face it—property management fees aren’t cheap.

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KW, ChatGPT and fake real estate: It’s Inman’s Top 5

Inman

Wondering what you missed? Find out with Inman's Top 5 most-read stories of the week of June 9-15, 2023.

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Another Bank of Canada hike is on the way, says TD

Mortgagebroker News

Economists push back expectations of easing to mid-2024

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Understanding the Basics of Buying Your First Home - Part 1

Eppraisal

Purchasing your first home is an exciting and significant milestone. However, the process can seem overwhelming if you're unfamiliar with the steps involved. In this three-part series, we'll guide you through the essential aspects of preparing yourself for buying a home. In this first post, we'll focus on understanding the basics and laying the groundwork for your home-buying journey.

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Q2 2023 Texas Real Estate Market update – Real Estate Real Fast EP21

Listing Spark

In this episode of Real Estate Real Fast, Aaron Jistel, the co-founder of ListingSpark and an experienced real estate broker, provides a comprehensive overview of the current state of the Texas real estate market. Focusing on major Texas metro areas like Austin, DFW, Houston, and San Antonio, Aaron discusses important trends and developments that homeowners, investors, and anyone interested in real estate should be aware of.

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Is an office 'bloodbath' on the way?

Mortgagebroker News

The woes of the beleaguered office sector look set to continue

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. Bergen County, N.J. New Jersey’s Bergen County gives homebuyers the best of both worlds. There are over 9,000 acres of parklands and easy access to New York City. “There are excellent schools and great transportation into Manhattan, but if you go a little bit north you can go hiking.

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Double Digit Declines for Single-Family Permits in April 2023 in All Regions

Eyes on Housing

Over the first four months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 268,205. On a year-over-year (YoY) basis, this is 29.0% below the April 2022 level of 377,713. Year-to-date ending in April, single-family permits declined in all four regions. The Northeast posted the lowest decline of 17.6%, while the West region reported the steepest.

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House lawmakers take aim at Chopra, CFPB in contentious hearing

Housing Wire

Republican lawmakers in the U.S. House of Representatives Financial Services Committee took aim at Rohit Chopra , the director of the Consumer Financial Protection Bureau (CFPB), in a hearing held on Wednesday that served as the House version of the CFPB’s semi-annual report. A series of contentious exchanges between lawmakers and Chopra led to the CFPB director being accused of being an “extortionist” and practicing “McCarthyism,” a reference to Sen.

Lending 369