Thu.May 25, 2023

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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. According to data from Statista , there were roughly 5.95 million homes bought and sold in the U.S. last year.

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Industry Decoded: Why MLSs should think differently about data

Real Estate News

The value prop of MLSs as data aggregation organizations could be industry-changing. But like in "Moneyball," they'll need to play the game differently.

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Colonial Savings to exit mortgage origination business

Housing Wire

Texas-based Colonial Savings, F.A. has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and condit

Business 381
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Pending home sales flat from March to April

Real Estate News

Low inventory combined with a lack of affordability continues to stifle spring sales nationally, though numbers were up in some regions.

Inventory 230
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Pending home sales were flat in April, but the South is a bright spot

Housing Wire

After falling for the first time since November 2022 in March , pending home sales remained unchanged in April, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending home sales were down 20.3%, an improvement on the 23.3% annual drop recorded in March. “The housing market looks different than it does during a typical spring, when the market is usually in full gear,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement.

Inventory 380
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Appeal denied in major commissions lawsuit

Real Estate News

NAR was unsuccessful in its attempt to overturn the class action status of the $13 billion Moehrl suit.

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Mortgage rates rise amid debt ceiling drama

Real Estate News

The 30-year fixed-rate mortgage rose to 6.57%, according to Freddie Mac’s weekly survey, while a daily survey put rates above 7%.

Mortgage 207
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Bombshell commission suit 1 step closer to trial after appeal rejected

Inman

A federal appeals court on Wednesday denied a request from NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America to overturn class certification in the Moehrl lawsuit.

Realtors 155
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FAQ #19: What Are Some Of The Craziest Things You’ve Heard As An Appraiser?

Riverfront Appraisals

I feel like we all need a laugh. How about you? It seems like everywhere you turn all you read about or hear about is negative. Or heavy. Or sad. So with this post, I’m switching gears and I’m answering the question I get a ton from various friends. It usually comes up at a […] The post FAQ #19: What Are Some Of The Craziest Things You’ve Heard As An Appraiser?

Appraisal 109
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‘A listing is an asset’: Here’s how to make the most of your next one

Inman

Although buyers provide a payday, listings give you the opportunity to grow your business and raise your profile in the local market. Jimmy Burgess and Curaytor's Jimmy Mackin discuss a strategy for maximizing the value potential of your next listing.

Buyers 135
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Apartment Absorptions Slightly Weaker in Fourth Quarter of 2022

Eyes on Housing

Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that multifamily market demand has softened as the percentage of apartments absorbed within the first 3 months of completion fell to 59.0% after six consecutive quarters of above 60.0% percent absorption. The absorption rate of unfurnished, unsubsidized apartments (the share rented out in the.

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How to realign your mindset to achieve professional growth

Inman

Watch the new Inman Access classes to better understand how to shift your mindset for business growth and discover the keys to inspire agent success and productivity in today's market.

Agents 132
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FHFA: Fla. has 6 of Top 10 Price-Increase Metros

Empire Appraisal Group

NEWS & MEDIA Andrea Antonetti / EyeEm / Getty Images Source: FHFA: Fla. has 6 of Top 10 Price-Increase Metros | Florida Realtors FHFA: Fla. has 6 of Top 10 Price-Increase Metros By Kerry Smith The FHFA House Price Index in 4Q 2022 found an 8.4% year-to-year rise – but 20.1% in top-ranking Bradenton. Of 100 metros, none in Fla. was lower than 31.

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How to create an email newsletter that cuts through the noise 

Inman

A well-designed email with meaningful content helps to build your brand while you generate and nurture leads, writes broker Eric Bramlett. It's an incredibly effective, efficient and affordable way to reach your SOI and local market.

Design 130
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[Video] Customer Story: CCDC

GoForrmz

“ you go from 60 cents up to a $1.97 for a stamp to only needing 20 cents to use a public form link for all the necessary paperwork. ” — Corey Bland, Development Manager, CCDC About CCDC CCDC, which was founded in 2002 in Central Illinois and has been serving Christian County for over 20 years, operates in the affordable housing sector.

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Court grants Gary Keller request to reject John Davis appeal

Inman

Davis's attempt to overturn a ruling sending the case to arbitration failed after a three-judge panel granted a motion to dismiss filed by Keller, Keller Williams and former KW President Josh Team.

Brokerage 127
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Greater Boston Real Estate: Will Lack of Affordability Cool Market?

Buys Brokers Only LLC

Over the last decade, median home prices in Greater Boston and Massachusetts have steadily climbed, accelerating during the COVID-19 Pandemic due to increased demand and short supply.

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Stay, go or boomerang? 5 tips for agents planning a switch

Inman

Stay, go or go back? When you’re not content with your real estate brokerage, it can be tough to make the choice. Here, The Agency’s Farah Levi gives guidance on things to consider before making a major move.

Agents 123
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1% Rule In Real Estate: What It Is And How It Works

BiggerPockets

Real estate professionals use the 1% rule to determine whether a property is a good investment.

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4 tips for providing a vibrant and healthy agency culture

Inman

Being the leader of a real estate agency requires a deep commitment to supporting your agents in every way possible to ensure their success and well-being, writes Seattle broker Adriano Tori.

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Are Canadians getting the full mortgage advice they need?

Mortgagebroker News

Survey says majority of mortgage holders haven’t been advised on how it fits into long-term financial strategy

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Pending home sales stay flat in April as Northeast numbers tumble

Inman

NAR numbers show that, while most regions of the country saw month-over-month gains, pending home sales in the Northeast pulled down the national average.

Marketing 122
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Finance Friday: How to Achieve Your “Dream Life” Decades Before Retirement

BiggerPockets

Retirement is always some far-off goal. When you’re older and much more wealthy, you can live the golden years of your life without a care in the world. The problem?

Finance 54
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Spencer Rascoff: Zillow won by focusing on consumers

Inman

The portal's co-founder and former CEO also said that Zillow's impact includes creating tens of thousands of new "super agents.

Agents 131
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The 2023 Market Showdown: Which Area Offers Investors the MOST Opportunity?

BiggerPockets

The US real estate market is a bit complex. In the South, homes are still quickly getting under contract as those from the North and West move to warmer climates.

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RE/MAX’s Motto Mortgage aims for 1,000 offices nationwide

Inman

Being named to Entrepreneur magazine's 2023 Franchise 500 list puts some wind in the sails of the company's long-term goals.

Mortgage 118
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CIBC's Tal: Parental assistance in home purchases increasingly prevalent

Mortgagebroker News

Nearly one in three first-time buyers has benefited from the Bank of Mom and Dad

Buyers 66
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Broker Spotlight: Erica Ramus, RAMUS Realty Group

Inman

Find out how Pennsylvania independent broker Erica Ramus got her start and what advice she'd offer to brokers and agents.

Realty 116
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What's next for the Calgary industrial market?

Mortgagebroker News

The region continues to labour under sustained pressure from market demand

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Doss’s latest search app comes with deep GPT-4 integration

Inman

Doss 2.0 has been released, and it’s been enhanced with a deep integration of ChatGPT-4, the newest iteration of OpenAI’s artificial intelligence content generator.

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Toronto rent rises – time to move towards the purchase market?

Mortgagebroker News

The cost to rent a home in the Greater Toronto Area has spiked recently

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AI + humans = New creative solutions | Clear Capital in the news

Clear Capital

Story by Kenon Chen for HousingWire These days I start every conversation with, “Yes, I have used ChatGPT,” just to get that out of the way for the sake of efficiency. The speed of discourse about Generative AI in all aspects of life from personal to business topics has been astounding. And while the use cases for generative AI as a consumer, such as internet searching, customer service and random poem writing for hours (who, me?

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Canada’s residential mortgage debt now $2.08trn, says CMHC

Mortgagebroker News

The federal housing agency has revealed the latest industry trends

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AI + humans = New creative solutions | Clear Capital in the news

Clear Capital

Story by Kenon Chen for HousingWire These days I start every conversation with, “Yes, I have used ChatGPT ,” just to get that out of the way for the sake of efficiency. The speed of discourse about Generative AI in all aspects of life from personal to business topics has been astounding. And while the use cases for generative AI as a consumer, such as internet searching, customer service and random poem writing for hours (who, me?