Tue.Jan 23, 2024

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Many baby boomers live in “time capsules” that need renovations to age in place

Housing Wire

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging. This is according to a new report from home improvement services company Leaf Home and market research firm Morning Consult , which enlisted responses from 1,001 baby boomer homeowners (aged 59–77) and 1,001 millennials (aged 27–42) in late Decemb

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The housing market has 80s vibes

Sacramento Appraisal Blog

The housing market has 80s vibes. The 90s are back for clothing, but it’s the early 1980s when it comes to housing narratives. Today, I want to show some headlines from over forty years ago, and I’d love to hear your take. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on […] The post The housing market has 80s vibes first appeared on Sacramento Appraisal Blog.

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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

Change is on the horizon. For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. With the coming together of interest rate drops, the persistent, continued low inventory levels and 2023 being recorded as the slowest year for U.S. home sales in nearly

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NAR alternative moves up its launch

Real Estate News

AREA, an initiative spearheaded by Mauricio Umansky and Jason Haber, aims to create “something totally new” for agents and others dissatisfied with NAR.

Agents 283
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Mauricio Umansky and Jason Haber launch new real estate trade group

Housing Wire

Mauricio Umansky, founder of The Agency and star of Buying Beverly Hills, and Compass agent and NAR Accountability Project founder Jason Haber are making good on a promise to explore a real estate professional trade organization alternative to the National Association of Realtors. The two industry professionals are asking agents to “Trade Up” and give their new group, the American Real Estate Association, a try.

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ENRG Realty offers a new take on revenue sharing

Real Estate News

The newly launched firm — the brainchild of former eXp and Real execs — tweaks the downline model and is intended to “professionalize the industry.

Realty 261

More Trending

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Everyperson Syndrome: Signs and Symptoms

The Appraiser Coach

It’s a situation I’ve seen time and time again. Someone in the appraisal office is doing too much. They take all the phone calls. They do all the data entry. They send out all the emails. They update AMCs when needed. They make appointments. What don’t they do? Sleep, probably. I have a term for this kind of behavior: Everyperson Syndrome. I know that many of you think you know where I’m going with this.

Training 195
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Xome names industry vet Mike Jansta COO

Housing Wire

Real estate marketplace Xome appointed Michael Jansta to the position of chief operating officer, the company announced Monday. In his new position, Jansta will oversee key aspects of Xome’s operations, including auction, default servicing and quality assurance. He will also join Xome’s executive leadership team, reporting to Mike Rawls, chief executive officer of Xome since Jan. 2020.

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Central Bank Central Video Podcast: Miller Samuels’ Chief Sees Stubbornly High Mortgage Rates, Low Inventories

Miller Samuel

A long time friend and journalist Kathleen Hays invited me to speak with her about the impact of the recent Fed pivot on the U.S. housing market. She has extensive experience interviewing experts about the economy from time at Bloomberg Television. She’s started up a very cool Substack: Central Bank Central that features conversations around Fed policy.

Inventory 195
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Florida theme parks creating more housing for employees

Housing Wire

A large portion of Florida ’s economy relies on tourism, especially as major Orlando-area theme parks including Universal Studios Florida and Walt Disney World. But the parks — which employ an estimated 110,000 people collectively — are also facing headwinds due to their employees’ struggles to afford housing , and now both NBCUniversal and The Walt Disney Company — owners of the major parks — are aiming to address it, according to reporting from Bloomberg.

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Court should consolidate all commissions cases, argues NAR

Real Estate News

The trade association favors a consolidated approach but wants all 19 cases included — and doesn’t think the trial should be held in Missouri.

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Gateless partners with Equifax on employment and income verification

Housing Wire

Chicago, Illinois-based mortgage tech firm Gateless announced an integration of its Smart Underwrite solution product with The Work Number – a digital verification solution – from consumer credit reporting agency Equifax. Smart Underwrite allows lenders to digitally analyze and interpret all essential loan data and documentation the moment they are received.

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People on the Move at MARIS, real estate tech firms

Real Estate News

Cameron Paine takes on top role at MARIS as CEO David Price retires; Happy Grasshopper, HomeScout, Rechat and Lundy announce new executive hires.

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January Demo Day: Smart Underwrite

Housing Wire

Gateless: Smart Underwrite Smart Underwrite represents a paradigm shift in mortgage lending. Real-time automation of critical underwriting functions, like the evaluation of credit, income, and assets, can drive real-time outcomes, including immediate loan approvals. These cutting-edge solutions interrogate loan data and documentation, instantly, upon receipt.

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Blame ‘Ziltorfin’: CoStar CEO says competitors souring industry rep

Inman

During his latest ICNY appearance CoStar Group CEO Andy Florance chastised Zillow, Redfin and Realtor.com for prioritizing their bottom line to the detriment of buyers and listing agents.

Agents 195
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January Demo Day: The Trade-In Mortgage powered by Calque

Housing Wire

The Trade-In Mortgage powered by Calque The Trade-In Mortgage is a white-labeled ‘buy before you sell’ solution that is simpler and more cost-effective than competing products. Win more deals with Calque by helping clients make non-contingent offers and qualify more easily. Our binding backup offer protects you and your client if the home doesn’t sell.

Mortgage 410
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‘Super-connectivity’ the key to uncovering affordability

Inman

At Inman Connect New York's Broker tract, Hilary Farnum-Fasth said that agents need to dig deep into their networks to find the right vendors and partners who can put the buying puzzle together for their clients.

Clients 193
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January Demo Day: Digital Lending Platform

Housing Wire

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. API-centric and based on consumer data models, our platform focuses on innovation, automation, and business transformation. From application through servicing, our platform drives efficiency and ensures compliance and scalability.

Lending 315
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Nexthome CEO: Make buyers’ agent agreements a priority

Inman

James Dwiggins argued at Inman Connect New York that commission lawsuits and pressure from the feds is going to bring about change in the real estate industry.

Buyers 193
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January Demo Day: Equity Protect

Housing Wire

EquityProtect EquityProtect does not just monitor, we do what others cannot do, we protect your title and more importantly, your equity with our patented SmartPolicy locking down your home ownership from cybercriminals and fraud. Product Fast Facts #1 EquityProtect values security and has been MARCUM SOC2 certified. #2 EquityProtect offers a patent-pending dual-factor biometric authentication system to ensure only the lawful owner can make binding alterations to the title and ownership of the pr

Law 315
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Kirsten Jordan: Learn to let go to regain control of your life

Inman

The "Million Dollar Listing New York" star had to develop a three-rule system to keep it all together after being cast on the Bravo show. One of her key tenets? Learning to say no.

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January Demo Day: AutomatIQ Borrower Income Analysis

Housing Wire

CoreLogic: AutomatIQ Borrower Income Analysis AutomatIQ Borrower Income Analysis is an API-enabled, intuitive workflow solution for automating, analyzing, and calculating borrowers’ income. It now offers a fully integrated experience with Fannie Mae’s income calculator tool and Freddie Mac AIM for Rep and Warrant certification. As a result, lenders can increase certainty in loan quality and are also eligible for rep and warrant relief for self-employment income calculation, reducing repurchase r

Tools 311
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Differing opinions on housing markets an opportunity for agents

Inman

Fact-based marketing gives agents confidence that they understand what's happening in their market and the courage to have a conversation about home prices.

Agents 193
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Employment Situation in December: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 39 states and the District of Columbia in December compared to the previous month, while 11 states saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 216,000 in December, following a gain of 173,000 jobs in November. On a month-over-month basis, employment data was most favorable in.

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Brokers need to see silver linings and lead through down times

Inman

"Every challenge presents a silver lining. You just have to be willing to look at it right," ERA President Alex Vidal said on stage at ICNY on Tuesday.

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“Silent Depression” or Complete Delusion: How Bad IS The American Economy?

BiggerPockets

The “silent depression” is here. Just like in 1929, the American economy is ravaged by a declining GDP, plummeting asset prices, widespread unemployment, and a completely fractured banking system. Wait…are any of those things happening today? Not quite.

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Ryan Serhant: Real estate has a big problem with chasing trends

Inman

The star broker said at Inman Connect New York Tuesday that the industry hasn't fundamentally improved enough, which makes him fear the past's mistakes will be repeated.

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The Low-Risk “Micro-Flips” ANY Beginner Investor Should Try

BiggerPockets

Antoine Martel has a secret to finding the best real estate markets around, and here’s the thing—ANYONE can repeat his process.

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Top agents on AI: ‘It’s affordable leverage’ you can’t afford to ignore

Inman

Grab the opportunity, Carrie McCormick of Christie’s International Real Estate, Carrie Soave of eXp Realty and Karen Stone of Engel & Volkers told Inman Connect New York attendees.

Realty 164
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Feds announce foreign student admission cap

Mortgagebroker News

The two-year limitation on international student admissions will cut down the number of new study visas for this year by 35%.

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Workman: Now’s not the time to lose top-producing agents

Inman

"Great leaders aren’t hired; they're developed," the real estate coach said at ICNY 2024, adding that brokerages who don't nurture great agents will lose them.

Agents 175
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Income, wealth gaps widen in Canada, says statistics agency

Mortgagebroker News

Higher interest rates continue to have a negative impact on the country’s least wealthy households

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You won’t believe how different these foreign markets are

Inman

Canada has shorter mortgage terms, which are now forcing people to move. Meanwhile in Australia, most buyers don't even use agents.

Marketing 187
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Slower market driven by greater saving, says CIBC

Mortgagebroker News

Discretionary spending is "well below" pre-pandemic trends, says Andrew Grantham of CIBC Capital Markets