Housing Wire
AUGUST 24, 2023
Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. The company went public after merging with the special purpose acquisition company (SPAC) Aurora Acquisition Corp. the prior day. Better’s class A common stock, listed under the ticker “BETR,” declined to $1.15 at the closing on Thursday.
Real Estate News
AUGUST 24, 2023
The company said the new program, initially launching in Phoenix, will help ease one of the biggest barriers to entry for buying a home.
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Housing Wire
AUGUST 24, 2023
Homebuyer affordability remained unchanged in July from June, according to Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time, relative to income, drawing from data from MBA ’s weekly applications survey. The national median payment applied for by purchase applicants was $2,162 in July, up $318 from a year prior but unchanged from June.
Real Estate News
AUGUST 24, 2023
For the fifth straight week, 30-year mortgage rates went up, hitting 7.23% — the highest level since 2001.
Housing Wire
AUGUST 24, 2023
Soaring mortgage rates are taking a major chunk out of homebuyers’ budgets, according to a new report from Redfin. A homebuyer on a $3,000 monthly budget, for example, could afford a $429,000 home with a 7.4% mortgage rate, using rate data from August 23. That buyer lost $71,000 in purchasing power compared to one year ago when a $500,000 home would have been accessible to them with an average rate of about 5.5%.
Inman
AUGUST 24, 2023
The Houston-based Christie's International Real Estate affiliate has also opened a new office in Lake Livingston and made two new hires to support the launch of the new division.
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Inman
AUGUST 24, 2023
Barbara Corcoran told "Good Morning America" viewers on Wednesday that she doesn't foresee prices dropping any time soon but could see them spiking once mortgage rates come down.
Eyes on Housing
AUGUST 24, 2023
Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that demand for newly completed multifamily units remains solid as mortgage rates continue to climb. Only an estimated 39% of the 82,310 unfurnished apartment units completed in the first quarter of 2023 are available for rent three months past construction completion.
Inman
AUGUST 24, 2023
Beloved Keller Williams Moorestown agent Rob Montalbano died in a Lake Travis boating accident on Aug. 13. His brokerage and community have rallied to raise more than $68,000 for funeral costs.
Realtor
AUGUST 24, 2023
Photo-Illustration by Realtor.com; Source: Getty Images We all get a thrill when a home near ours sells for a nice juicy price, and we think maybe that’s what our property is worth, too. But the truth is, what determines property value isn’t always a one-size-fits-all number. Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms.
Inman
AUGUST 24, 2023
Insurance as a hot-button issue is likely not going away anytime soon. Unfortunately, as long as Mother Nature is in control, agents, buyers and sellers need to be more proactive than ever, broker Cara Ameer writes.
Empire Appraisal Group
AUGUST 24, 2023
NEWS & MEDIA fizkes, iStock, Getty Images Source: [link] Inclusive Living Conditions’ Study Ranks Fla. No. 6 By Kerry Smith “Livability” is subjective, but an exhaustive study attempted to rank states based on how happy they’ll make residents. Fla. was No. 6 – but No. 1 in some categories. ORLANDO, Fla. – Around 8.6% of Americans moved last year, a slight uptick from the year before.
Inman
AUGUST 24, 2023
With so much to learn as a new agent, it helps to draw on the experience of those who've gone before. Find out where to start with this guide from author, coach and Realtor Erin McCormick Torres.
Mashvisor
AUGUST 24, 2023
A Agreement of Sale: It is a document that is sent by the buyer to a seller of an investment property detailing the price and conditions of the sale of…
Inman
AUGUST 24, 2023
Real estate’s brightest leaders shared their thoughts on the market, insights on the bombshell commission lawsuits and how the industry might change in the future during Inman CEO Connect this month.
BiggerPockets
AUGUST 24, 2023
One of the easiest ways to establish a consistent income stream is by improving lease renewal rates among your tenants. Here's how to do just that.
Inman
AUGUST 24, 2023
Tune in to Inman Access this week for a deep dive into the impact of the industry's megalawsuits and a tactical breakdown on what to focus on in today's housing market to come out on top.
Mortgagebroker News
AUGUST 24, 2023
The pace of housing construction has not kept up with Canada’s growing cities and population, Fraser says
Inman
AUGUST 24, 2023
In addition to going public at a bad time for mortgage lenders, Barron's reports that a SPAC merger resulted in a huge increase in the number of shares outstanding.
Mortgagebroker News
AUGUST 24, 2023
Mortgage professionals are increasingly comfortable with digital advancements, says Tango Financial co-founder
Inman
AUGUST 24, 2023
The new office, to be managed by Corcoran Icon Properties Partner Michael Barnacle, is located on bustling Union Street, where trendy restaurants, boutiques and fitness studios are thriving.
BiggerPockets
AUGUST 24, 2023
Financial advisors are supposed to look after your money, but sometimes, their profits come first.
Inman
AUGUST 24, 2023
You have a choice when it comes to the brokerage you'll work with and for, broker Chris Speicher writes. Here's what to look for and how to evaluate your options.
Mortgagebroker News
AUGUST 24, 2023
The Liberal administration has recently concluded a three-day ministerial meeting in PEI
Inman
AUGUST 24, 2023
Learn from this Canadian broker's professional journey and find out about her No. 1 rule for real estate investing.
BiggerPockets
AUGUST 24, 2023
Holding on to hope that mortgage rates could hit four or even three percent again?
Mortgagebroker News
AUGUST 24, 2023
Why a RRIF might not be the emergency backup fund your clients may think it is
Mashvisor
AUGUST 24, 2023
The decision to buy rental property in 2020 is an easy one to make. Want to enjoy positive cash flow, appreciation, and possibly even passive income? Invest in rental properties.
Mortgagebroker News
AUGUST 24, 2023
Home values are continuing to fluctuate across many major markets
Willowbrook Valuation
AUGUST 24, 2023
Special servicing is a term you begin hearing more frequently during times of economic disturbances. For example, during a pandemic which has forced businesses to work from home, office buildings might see a decrease in value and borrowers may be looking for loan extensions or have trouble making their payments. In situations like these, a […] The post An Overview of Special Servicing appeared first on Willowbrook Valuation & Advisory Services.
Mortgagebroker News
AUGUST 24, 2023
Find out how the banking giant fared in the third quarter
Housing Wire
AUGUST 24, 2023
Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. For many, there is worry that the Fed may overtighten on the monetary front and lead to economic damage,” said George Ratiu, chief economist at Keeping Current Matters.
Mortgagebroker News
AUGUST 24, 2023
The bank has announced its third-quarter results
Housing Wire
AUGUST 24, 2023
Strong consumption data combined with slowing inflation points to a “soft landing” for the economy, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Thursday. But the government sponsored enterprise still expects a recession next year. “In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation t
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