Housing Wire
MARCH 22, 2023
The typical homebuyer’s down payment was down 10% year over year in January 2023, according to a report released Wednesday by Redfin. The report is based on data collected by Redfin from county record across 40 of the most populous metropolitan areas. Redfin found that the typical U.S. homebuyer made a $42,375 down payment in January, the smallest typical down payment recorded in nearly two years.
Real Estate News
MARCH 22, 2023
The Federal Reserve increased its benchmark rate by a quarter point, which is likely to influence mortgage rates and slow homebuying activity this spring.
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Housing Wire
MARCH 22, 2023
The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike. “The U.S. banking system is sound and resilient.
George Dell
MARCH 22, 2023
Everyone knows value. Of course! It’s easy! Value is what I can sell something for. Well, sorta. No, wait – value is what I am willing to pay for something. Editor’s Note: This is Part 2 of Market Value or Other Value. I have an apple. You want one. I threaten to take a bite […] The post Devalue Market Value? Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
MARCH 22, 2023
HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HousingWire: How is today’s market shaping the need for a better customer experience particularly when it comes to closings?
Real Estate News
MARCH 22, 2023
SphereBuilder, a new platform for agents and brokers, evaluates the effectiveness of online marketing — a critical tool for lead generation.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eyes on Housing
MARCH 22, 2023
The Federal Reserve’s monetary policy committee raised the federal funds target rate by 25 basis points but indicated that it was moving to a more data dependent mode as markets digest incoming risks for banks. The Fed is balancing two economic risks: ongoing elevated inflation and emerging risks to the banking system. Chair Powell noted that near-term uncertainty is high.
Housing Wire
MARCH 22, 2023
The Federal Reserve ‘s decision to raise the federal funds rate by 25 basis points on Wednesday signaled that officials are still focused on bringing down inflation to 2% while monitoring how much recent bank failures slow lending in the economy and cool demand. Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said.
Inman
MARCH 22, 2023
A contracting market will place pressure on struggling startup entrepreneurs while some broker-owners use the down market as an opportunity to nail down a succession plan, analysts told Intel.
Housing Wire
MARCH 22, 2023
The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American military veterans. The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land.
Inman
MARCH 22, 2023
There are so many social media tools that it’s tough to figure out what works and what’s a waste. To cut through the noise, Laura Viñalet put together this list of time-saving social media tools for agents.
Housing Wire
MARCH 22, 2023
The current bank crisis hit California-based Pacific Western Bank , a community bank owned by PacWest Bancorp that has a focus on real estate and commercial loans. Following the collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank over the last few weeks, deposits at the financial institution had dropped to $27 billion as of March 20, a decline of 20% compared to the end of December.
Inman
MARCH 22, 2023
The typical down payment for a homebuyer in the United States fell 10 percent between January 2022 and 2023, to $42,375, according to new data released Wednesday by Redfin.
Housing Wire
MARCH 22, 2023
Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. “Quo will massively accelerate Homebot’s mission to connect people to make informed homeownership decisions,” Charlie Pratt, CEO of Homebot, said in a statement. Quo’s team, led by co-founders Tucker Hass and Neel Yerneni, will join Homebot.
Inman
MARCH 22, 2023
The launch comes seven months after the rental marketplace announced a $30 million funding round to help solidify its space in the short-term rental market and serve all types of renters.
GoForrmz
MARCH 22, 2023
Everything you need to know about starting your transition to mobile forms Making the transition from paper-based documentation to digital data capture can feel daunting. Businesses often delay their search for a digital solution to paperwork due to the sheer number of perceived time and financial investments, including: Fear of disrupting workflows Difficult onboarding (including the costs of adopting a new system) Intimidating costs of solutions The need for IT or coding experience Although th
Inman
MARCH 22, 2023
At a time when all eyes are seemingly on the fall of Silicon Valley Bank and Signature Bank, RealPage Chief Economist Jay Parsons is watching the impact of something else.
Appraiserblogs
MARCH 22, 2023
At the crossroads of it all is a campaign to weaken or eliminate valuations… The nonprofit is now exploring ways it can set standards for automated valuations… Expect greater distortions from Freddie and Fannie’s plodding and committee-driven foray into automated valuations. Sometimes when the hair on the back of your neck stands up, there’s a reason for it.
Inman
MARCH 22, 2023
The unusually wide "spread" between 10-year Treasury yields and 30-year fixed-rate mortgages means mortgage rates could have more room to come down.
Valuation Review
MARCH 22, 2023
Mortgage CRM (customer relationship management) leader OptifiNow recently launched OptifiNow Flex.
Inman
MARCH 22, 2023
Business ethics firm Ethisphere released its 2023 rankings on Tuesday, which honored four real estate brands including Anywhere, CBRE Group, JLL and Thailand-based DTGO.
Valuation Review
MARCH 22, 2023
Consolidated Analytics Chief Appraiser Jeffrey Rauland shares more thoughts.
Inman
MARCH 22, 2023
Fee hikes for new and existing agents are set to begin April 1 and come after a tumultuous 2022, when Real posted significant losses, the brokerage confirmed to Inman.
Valuation Review
MARCH 22, 2023
The MBA's Builder Application Survey data showed decreases for mortgage applications.
Inman
MARCH 22, 2023
On the first day of spring, agents across the U.S. who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner.
Valuation Review
MARCH 22, 2023
CoreLogic recently acquired Roostify, a digital mortgage technology provider.
Inman
MARCH 22, 2023
TikTok's newest feature allows users to refresh their "For You Page" setting based on their most recent interactions. This ability will allow users to have even more control over what they see and help quality content be seen by more people.
Valuation Review
MARCH 22, 2023
Tyler Technologies, Inc. recently announced it acquired Safeground Analytics.
Inman
MARCH 22, 2023
Creating an ongoing content marketing plan means making use of ongoing blog posts. Part 3 of this five-part series shares what to write and how to make sure your blog posts matter.
Mortgagebroker News
MARCH 22, 2023
New online platform to highlight details on city's plan to boost housing supply
Inman
MARCH 22, 2023
In reporting a $9.9 million fourth-quarter loss, Fathom executives said they see a path to profitability without saying exactly when that might happen.
Mortgagebroker News
MARCH 22, 2023
The market has seen a noticeable decline in available space over the past year
Inman
MARCH 22, 2023
Mortgage rates expected to ease even as Fed vows to continue "quantitative tightening" that's trimming mortgage holdings by $35 billion a month.
Mortgagebroker News
MARCH 22, 2023
Cloud-based system promises optimal data protection and enhanced performance
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