Housing Wire

SEPTEMBER 13, 2023

The growth rate of inflation has been falling for a year, but mortgage rates are still near multi-decade highs. Why? While it is true that mortgage rates traditionally fall alongside inflation, I believed 2023 was going to be about the labor market. This was the core premise of my 2023 forecast, and so far it has worked. In my 2023 forecast , I set the range on the 10-year yield between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which

Mortgage 473

Mortgage Insurance Marketing Housing Market 473

Real Estate News

SEPTEMBER 13, 2023

T3 Sixty CEO Jack Miller understands that budgets are tight, but investing in a conference is an investment in your business — if you're committed to learning.

Investing 263

Investing Business 263

Housing Wire

SEPTEMBER 13, 2023

Local Logic , a location intelligence platform that digitizes the built world, has teamed up with Plunk , an AI-driven analytics company, to empower end-users with the technology and insights they need to accelerate and improve home purchase decisions, the company announced on Tuesday. Plunk’s AI-powered home analytics platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities.

Real Estate 441

Real Estate Valuation Investors Technology 441

Real Estate News

SEPTEMBER 13, 2023

Some called the latest report “disappointing,” but economists still expect a downward trend in the months ahead.

Mortgage 290

Mortgage 290

Housing Wire

SEPTEMBER 13, 2023

New York-based mortgage platform Roam has secured a $1.25 million seed round, allowing the company to officially launch its services on Wednesday. Roam focuses on a distinctive niche within the mortgage industry: assumable mortgages. Tech executive and investor Keith Rabois at venture capital firm Founders Fund led the capital injection. It also included Opendoor co-founder Eric Wu , Culdesac CEO Ryan Johnson and #ANGELS founding partner Jana Messerschmidt.

Mortgage 432

Mortgage Government Advertising Buyers 432

Real Estate News

SEPTEMBER 13, 2023

A new Redfin survey found that a significant number of people who moved during the pandemic may need to move back, even if they lose money.

Housing Market 252

Housing Market Marketing 252

Real Estate News

SEPTEMBER 13, 2023

Realtor.com's newly launched Listing Toolkit is designed to get listing agents in front of more sellers and uplevel their listing presentations.

Agents 241

Agents Tools Design Sellers 241

Housing Wire

SEPTEMBER 13, 2023

The last time mortgage demand was this low, Toni Braxton’s “Un-break my heart” topped the Billboard charts. For the week that ended Sept. 8, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. Mortgage applications decreased for the seventh time in eight weeks, down to the lowest levels since December 1996.

Mortgage 410

Mortgage Contracts Finance 410

Realtor

SEPTEMBER 13, 2023

-Oxford-/iStock The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. This is, to use technical real estate lingo, “a bummer.” Either you feel as though you got the raw end of a deal by paying more than the property’s worth or, if you don’t have extra cash to hand over, the deal can crumble into dust.

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

SEPTEMBER 13, 2023

In its attempt to topple Zillow as the No. 1 listing platform , Realtor.com has launched a sell-side agent tool kit. Listing Toolkit is a subscription-based service that is now available to agents nationwide. “We’re on a mission to become the most valuable platform powering business growth for our agents and brokers,” Blake Elmquist, Realtor.com’s vice president of the seller category, wrote in an email.

Agents 410

Agents Tools Sellers Buyers 410

Inman

SEPTEMBER 13, 2023

In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing.

Buyers 192

Buyers Mortgage Government Technology 192

Housing Wire

SEPTEMBER 13, 2023

The mortgage servicing rights (MSR) market has been very active this year, with robust deal flow that is on par with last year’s record $1 trillion in trading volume and with generally good pricing for MSR packages, industry experts agree. A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect d

Marketing 397

Marketing Sellers Buyers Mortgage 397

Inman

SEPTEMBER 13, 2023

Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market.

Housing Market 181

Housing Market Marketing Inventory Real Estate 181

Housing Wire

SEPTEMBER 13, 2023

The National Association of Realtors (NAR) is navigating turbulent waters. Its president just resigned in the wake of an explosive New York Times exposé that detailed dozens of allegations of sexual harassment and a culture of fear and retribution. The trade group also faces two massive class-action lawsuits that could forever upend the agent commission structure , and is fighting a separate legal battle with the Department of Justice.

Realtors 397

Realtors Insurance Legal Real Estate 397

Inman

SEPTEMBER 13, 2023

Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections.

Sellers 176

Sellers Real Estate Housing Market Marketing 176

Housing Wire

SEPTEMBER 13, 2023

Digital closings could be coming to California , the country’s largest real estate market, within the decade. Gov. Gavin Newsom of California on Tuesday received a senate bill legalizing remote online notarizations ( RON ). He has until Oct. 14 to act on it. The senate bill, introduced by State Senator Anthony Portantino, would allow homebuyers, sellers and borrowers to close their home purchase or refinance transactions remotely.

Real Estate 397

Real Estate Legal Government Technology 397

Eyes on Housing

SEPTEMBER 13, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending September 8th, total mortgage activity decreased 0.8% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose six basis points to 7.27%. The FRM rate has remained above 7% since the start of August. The Market Composite Index, a measure of mortgage loan application volume, fell.

Mortgage 174

Mortgage Marketing Lending Finance 174

Housing Wire

SEPTEMBER 13, 2023

Retail giant Amazon announced on Wednesday the launch of a new pilot program designed to assist moderate-income families in three different U.S. communities with the purchase of up to 800 homes, in partnership with the National Housing Trust (NHT). The initiative will include $40 million to assist residents in the Puget Sound, Washington , Arlington, Virginia , and Nashville, Tennessee communities, the company said.

Renovations 397

Renovations Investing Retail Design 397

Eyes on Housing

SEPTEMBER 13, 2023

Consumer prices in August saw the largest monthly gain since June 2022, primarily driven by a surge in gasoline costs. Core service inflation excluding housing was little changed in August, suggesting that the path toward disinflation ahead still has some fluctuations. Meanwhile, shelter costs continued to remain at a high level and was the second-largest contributor to the increase in.

173

173

Housing Wire

SEPTEMBER 13, 2023

The Consumer Price Index (CPI) increased 0.6% month-over-month and 3.7% year-over-year in August, the U.S. Bureau of Labor Statistics reported on Wednesday. It’s the second consecutive month of rising inflation, with the CPI having risen 0.2% in July. Core inflation, which excludes food and energy, rose 4.3% in August, down from last month’s 4.7% annual increase, but still well above the Fed’s 2% target.

Landlords 397

Landlords Insurance Construction Realtors 397

Inman

SEPTEMBER 13, 2023

Splitero CEO Michael Gifford explains how rising interest rates and limited housing inventory are intensifying the real estate "lock-in effect," leaving homeowners feeling trapped in their current properties. However increased home equity could offer some financial benefits and much-needed flexibility.

Clients 172

Clients Inventory Real Estate Agents 172

Housing Wire

SEPTEMBER 13, 2023

Massachusetts -based boutique real estate firm Lindo Realty Group has joined the commonwealth’s top independent real estate brokerage, Jack Conway & Co. Prior to founding the Lindo Realty Group in 2018, Robbie Lindo worked at Jack Conway for more than a decade as a top salesperson and then as a manager. In 2016, he left to pursue his goal of running his own company.

Real Estate 397

Real Estate Realty Brokerage Clients 397

Inman

SEPTEMBER 13, 2023

A team that's communicative and operationally organized can provide truly superior, client-centric service to both buyers and sellers. Texas-based team lead Jen Berbas offers advice and insight in her first column for Inman.

Agents 171

Agents Sellers Clients Buyers 171

Housing Wire

SEPTEMBER 13, 2023

The Appraisal Institute , the nation’s largest professional association of real estate appraisers, has launched a new program to increase the ranks of veteran and minority appraisers. The trade group received a $500,000 “Pathway to Success” grant from the Appraisal Foundation to assist with the development of the “Practical Applications of Real Estate Appraisal” program.

Appraisal 397

Appraisal Design Modernization Real Estate 397

Inman

SEPTEMBER 13, 2023

Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as investors take latest inflation data in stride.

Investors 186

Investors Marketing Mortgage 186

Housing Wire

SEPTEMBER 13, 2023

Some have suggested that the market for growth through mergers and acquisitions has fallen significantly over the past year. While it is true that activity among the large national purchasers, such as Berkshire Hathaway , Peerage and Compass , have declined quite a bit, activity among privately held firms within the same market has not diminished nearly as much.

Real Estate 396

Real Estate Valuation Brokerage Property Management 396

Inman

SEPTEMBER 13, 2023

2024 begins here. Inman Connect New York is a beacon for savvy real estate pros in their quest for elevated education, technology and sales development.

Real Estate 184

Real Estate Development Technology Brokerage 184

Housing Wire

SEPTEMBER 13, 2023

Florida-based financial services firm The Graystone Company has completed the acquisition of mortgage banker and broker Direct Capital Investment Group through a reverse merger transaction, the companies announced Monday. The financials of the deal were not disclosed. Direct Capital, through its subsidiary Direct Mortgage , offers residential, commercial and SBA loans, per its website.

Loan Officers 395

Loan Officers Investing Lending Mortgage 395

Inman

SEPTEMBER 13, 2023

Home values are now 11.4 percent lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August.

Home Value 180

Home Value Housing Market Marketing 180

GoForrmz

SEPTEMBER 13, 2023

Enhance your food safety procedures with these GoFormz tips and tricks In the ever-evolving landscape of the food industry, ensuring food safety has become a paramount concern for both restaurateurs and consumers alike. Establishing a robust food safety culture is not only essential for meeting regulatory requirements but also for building trust with customers.

Inspection 78

Inspection Training Inventory Tools 78

Inman

SEPTEMBER 13, 2023

Do you know how to keep your team safe from out-of-control clients or leads? Do they? Rachael Hite offers ideas and information so that you can start an important conversation around agent security.

Clients 165

Clients Agents Realtors 165

National Association of Realtors

SEPTEMBER 13, 2023

In May 2023, NAR surveyed its members pertaining to data collectors in the appraisal process. This report contains the findings.

Appraisal Process 89

Appraisal Process Appraisal 89

Inman

SEPTEMBER 13, 2023

The Bean Group is the first team to join eXp Realty via the brokerage's new Boost program, which provides financial incentives to independent recruits, according to an announcement Tuesday.

Brokerage 161

Brokerage Realty Agents 161

Lamacchia Realty

SEPTEMBER 13, 2023

We are so excited to announce that Jason Pincomb has officially qualified for the 2023 Lamacchia Realty President’s Club! Jason achieved this feat by closing on 33 homes this year! This will be Jason’s 2nd year as a member having previously qualified in 2022. Jason brought over 14 years of industry experience with him when he joined Lamacchia Realty , and his business and success since joining the company have grown tremendously!

Realty 73

Realty Clients Business Marketing 73