Housing Wire

NOVEMBER 22, 2023

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec. 11 here. In a typical year, there are about 5.2 million sales of existing homes nationally and home prices rise by about 4%.

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Real Estate News

NOVEMBER 22, 2023

Applications increased as 30-year fixed-rate mortgages declined for a fourth straight week.

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Housing Wire

NOVEMBER 22, 2023

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

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Inman

NOVEMBER 22, 2023

Gone are the days of collecting business cards and cramming them into an overstuffed Rolodex. These days, customer relationship management (CRM) software is the tool that makes keeping client information safe and accessible.

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Housing Wire

NOVEMBER 22, 2023

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The index fell to 34 in November, well below the 50 mark that divides bullish and bearish sentiments.

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Inman

NOVEMBER 22, 2023

Requests for purchase loans were up 4 percent last week compared to the week before, but down 20 percent from the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association.

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Inman

NOVEMBER 22, 2023

Home-listing portals all rely on the same source for school ratings, which are treated as essential by many homebuyers. If used improperly, critics fear the data could lead to Fair Housing violations.

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Housing Wire

NOVEMBER 22, 2023

Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates. The 30-year, fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.44% and up from 6.58% the same week a year ago.

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Inman

NOVEMBER 22, 2023

Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they'll come down over the next two years.

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Housing Wire

NOVEMBER 22, 2023

The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected. With mortgage rates having previously soared to around 8% , existing home sales will likely decline further to bottom out in early 2024. The good news is that sales will rebound as mortgage rates are expected to decline, Fannie Mae’s Economic and Strategic Research (ESR) group, said in its November commentary.

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Inman

NOVEMBER 22, 2023

Neither brand recognition nor the promise of lower rates were as valuable to agents as a mortgage lender's ability to reliably obtain funding, according to results from the latest Inman Intel Index.

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Housing Wire

NOVEMBER 22, 2023

Mike Cagney’s financial technology firm Figure Technologies has taken another step to go public with its lending division, LendCo , hiring investment banks to coordinate the initial public offering (IPO), per a Bloomberg report. People familiar with the transaction told Bloomberg that Figure is working with Goldman Sachs Group Inc. , JP Morgan Chase & Co. and Jefferies Financial Group Inc. for the IPO.

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Inman

NOVEMBER 22, 2023

The servicer is facing five separate federal lawsuits over an Oct. 31 cyberattack that knocked out services for days and prevented borrowers from accessing their accounts or paying home loans.

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Housing Wire

NOVEMBER 22, 2023

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. Sarah Wheeler: You’re the chief innovation officer at an appraisal firm, and the appraisal space has not always been known for tech innovation.

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Inman

NOVEMBER 22, 2023

The Century 21 president and CEO spoke to Intel about his 25th anniversary with the brokerage, deploying AI to recruit agents and his plan to grow marketshare across New York City in 2024.

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Housing Wire

NOVEMBER 22, 2023

While foreclosure completions remained relatively flat in October, foreclosure starts rose to 33,000, hitting their highest level in 18 months, according to the ICE Mortgage Monitor report. In October, there were 217,000 loans in active foreclosure , up 3,000 since September. However, this remains 25% under the pre-pandemic levels. The national delinquency rate fell three basis points to 3.26% in October.

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Inman

NOVEMBER 22, 2023

CEO Troy Reierson offers insights gleaned from young professionals and the way they add their unique perspectives to the practice of real estate.

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Empire Appraisal Group

NOVEMBER 22, 2023

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. has been assisting clients in making well-informed decisions related to real estate. They are the top residential appraisal company in Broward and Palm Beach County, providing reliable and accurate appraisals alongside exceptional customer service. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appra

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Inman

NOVEMBER 22, 2023

Join Katie Lance and learn how to create a social media calendar that will drive engagement and boost your business in 2024.

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BiggerPockets

NOVEMBER 22, 2023

One disadvantage that entrepreneurs and “small-time” real estate investors have is that we cannot do anywhere near the amount of market research that large corporations can.

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Inman

NOVEMBER 22, 2023

It's the season for giving, so we're asking you: How did you share with others this year?

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BiggerPockets

NOVEMBER 22, 2023

The Home Depot announced its Q3 earnings last week, showing signs of life in a dormant housing market. Read more about why this is good news for investors.

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Buys Brokers Only LLC

NOVEMBER 22, 2023

Since reaching more than 8 percent last month, the average 30-year, fixed-rate mortgage loan has plummeted almost three-quarters of a percent over four weeks, according to the Mortgage News Daily (MND) Index.

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BiggerPockets

NOVEMBER 22, 2023

If you’ve spent any time researching investing in real estate (or stocks), you have probably heard people throw around the phrase: “Time in the market is better than timing the […]

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Mortgagebroker News

NOVEMBER 22, 2023

The company is helping Canadians navigate the current market through transfer program updates and its hugely popular broker and customer portals

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Marketing 71

BiggerPockets

NOVEMBER 22, 2023

These eight high-upside housing markets are true diamonds in the rough. Check out the full list here.

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Housing Market Marketing 84

Mortgagebroker News

NOVEMBER 22, 2023

Activity remains subdued – but is there room for optimism on the horizon?

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Housing Market Marketing 71

BiggerPockets

NOVEMBER 22, 2023

Need flexible funding for your deals? Private money could be the answer.

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Mortgagebroker News

NOVEMBER 22, 2023

The just-released fall economic statement did not come with enough new programs to help Canadians, says Rona Ambrose

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Housing Wire

NOVEMBER 22, 2023

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. It’s not something consumers think about much when they set out to buy a first home or plan to upsize to accommodate life changes. In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing ove

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Mortgagebroker News

NOVEMBER 22, 2023

The Bank of Canada's benchmark rate has fundamentally altered the income requirements for home purchases

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Housing Wire

NOVEMBER 22, 2023

While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free. In 2022, nearly 40% of U.S. homeowners owned their homes outright, according to Census Bureau data analyzed by Bloomberg. In total, 33.3 million single-family homes and condos were mortgage-free, a 31% increase compared to 25.4 million homes a decade ago.

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Mortgagebroker News

NOVEMBER 22, 2023

Finance Minister Chrystia Freeland tabled the proposal earlier this year

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Eyes on Housing

NOVEMBER 22, 2023

An expected impact of the virus crisis was a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.

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