Housing Wire
AUGUST 31, 2023
Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, down from last week ’s 7.23%. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time.
Real Estate News
AUGUST 31, 2023
NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.
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Housing Wire
AUGUST 31, 2023
The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince ind
Real Estate News
AUGUST 31, 2023
Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.
Housing Wire
AUGUST 31, 2023
Intercontinental Exchange (ICE) received the green light to move forward with its acquisition of Black Knight after the Federal Trade Commission (FTC) accepted a binding settlement. Under the agreement, both firms will divest Black Knight’s loan origination system (LOS) Empower business and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Constellation Software Inc, the FTC said in a release on Thursday.
Real Estate News
AUGUST 31, 2023
A survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 31, 2023
The 30-year fixed-rate mortgage averaged 7.18% this week, dropping for the first time in five weeks.
Housing Wire
AUGUST 31, 2023
Encompass Lending Group , a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Terms of the deal were not disclosed. Elite Financing Group will operate under the umbrella of Cary, North Carolina-based Encompass, which has a presence in the Dallas-Fort Worth area.
Inman
AUGUST 31, 2023
Strategically positioning yourself and evaluating your performance with the metrics that matter will put you ahead of the competition, according to consultant Diana Zaya.
Housing Wire
AUGUST 31, 2023
Core inflation met consensus expectations today, with goods prices declining and shelter inflation continuing to moderate, said Zillow Senior Economist Orphe Divounguy. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.2% in July after increasing 0.2% in June , the Commerce Department said Friday. Meanwhile, core PCE — the Federal Reserve ’s preferred inflation gauge — also rose 0.2% month-over-month.
Inman
AUGUST 31, 2023
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports.
Housing Wire
AUGUST 31, 2023
NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. Terms of the deal were not disclosed. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6 billion.
Inman
AUGUST 31, 2023
In addition to selling Empower and Optimal Blue, the FTC consent order would require ICE and Black Knight to seek prior approval before acquiring an interest in another loan origination system.
Housing Wire
AUGUST 31, 2023
New York-based asset management firm Sculptor Capital Management said Wednesday it rejected an improved bid from a group of investors. Sculptor said it still prefers the deal with Rithm Capital due to the closing certainty. “The Special Committee has not concluded that the Consortium’s most recent revised proposal constitutes a superior proposal or is reasonably expected to lead to a superior proposal (as defined in the Company’s merger agreement with Rithm Capital Corp.),̶
Inman
AUGUST 31, 2023
The company's quick turnaround of marketing assets is ideally designed to complement the urgency-based system 72SOLD leverages to promote listings, said co-founder of BoxBrownie Brad Filliponi.
Empire Appraisal Group
AUGUST 31, 2023
NEWS & MEDIA sturti / Getty Images Source: [link] RE Q&A: What to Do About a Blocked Condo View? By Gary M. Singer Once upon a time, a condo had a dynamic golf course view, but a developer bought it and the view now is two overgrown trees. Are there options? FORT LAUDERDALE Fla. – Question : When I bought my condo, my building had the best golf course view from my screened porch.
Inman
AUGUST 31, 2023
In a memo to employees, Redfin CEO Glenn Kelman said the 15-year veteran of the company will serve as an advisor after his final day on Sept. 8. Redfin has no plan to fill the vacated position.
BiggerPockets
AUGUST 31, 2023
Philadelphia made our 2023 top cash flow market list, but a lot has changed since the beginning of the year. With rising rates, is it still worth investing here? Read more to find out.
Inman
AUGUST 31, 2023
The future is here, writes Jimmy Burgess, and AI is the vehicle. Take advantage of the opportunities it provides for smart growth in every area of your real estate business.
Lamacchia Realty
AUGUST 31, 2023
We’re thrilled that Anthony Castellano has officially joined the 2023 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume so far this year! This is his FOURTH year in a row qualifying, having previously made it in 2022 , 2021 , and 2020. In 2022, Anthony also qualified for the prestigious President’s Club ELITE for the very first time!
Inman
AUGUST 31, 2023
The Mark Seiden Real Estate Team is partnering with Howard Hanna Rand Realty, increasing the latter's influence north of New York City, according to an announcement.
Lamacchia Realty
AUGUST 31, 2023
It’s official! Laurie Howe Bourgeois has qualified for the 2023 Lamacchia Realty President’s Club by closing on 33 homes so far this year. Laurie has made President’s Club FIVE TIMES including 2019 , 2020 , 2021 , and 2022. Additionally, she became a member of the President’s Club ELITE both in 2021 and 2022. She was named the #1 agent in total sales and highest volume in the Leominster Office for 2019 , 2020 , 2021 , and 2022 , and consistently ranks among our top prod
Inman
AUGUST 31, 2023
Is this mini-floorplan a sign of "shrinkflation" in housing? This month, the internet weighed in on Lennar's idea of affordability at a tiny-home community in San Antonio.
Lamacchia Realty
AUGUST 31, 2023
After eight weeks of zipping around different Massachusetts towns and cities with Boston25 Morning News, the 2023 Zip Trip season has come to an end. We had a blast visiting the local communities we serve and watching everyone get to know our REALTORS ® ! Members of each community talked with us about home prices , mortgage rates , and the benefits of buying and selling in the current real estate market.
Inman
AUGUST 31, 2023
Find out how this player from the international tennis circuit made the switch to the no-less-competitive real estate industry.
Mortgagebroker News
AUGUST 31, 2023
Recent economic volatility has pushed down the pace of spending growth into a nearly flat trajectory, according to new report
Inman
AUGUST 31, 2023
Tune in to this week's Inman Access classes as experts discuss how to better attract luxury buyers and sellers and what the future of innovation in the industry looks like.
BiggerPockets
AUGUST 31, 2023
The FIRE community is notorious for chasing early retirement at all costs.
Mortgagebroker News
AUGUST 31, 2023
Higher credit loss provisions contributed to the weaker year-over-year results
BiggerPockets
AUGUST 31, 2023
Buying a house in the 2023 real estate market is already exhausting.
Housing Wire
AUGUST 31, 2023
In what is perhaps the most traditional sector of housing, change has arrived. However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. How do the solutions work? Why do we need them? Who is eligible to take advantage of them? And as a loan officer (LO), why should I care? We’re here to answer those questions, specifically with you in mind, LOs.
Mortgagebroker News
AUGUST 31, 2023
Controversial Greenbelt land swap process marked by 'lack of oversight,' according to integrity watchdog
Housing Wire
AUGUST 31, 2023
A Federal Reserve plan to make low-downpayment loans more expensive for banks could negatively impact the Biden administration’s efforts to combat housing inequality, experts told Politico. Civil rights and housing groups have formed an unlikely alliance to oppose the plan, claiming that increased costs for banks could mean fewer home loans for lower-income borrowers, the report said.
Mortgagebroker News
AUGUST 31, 2023
Tech-powered brokerage continues to establish itself as a dominant presence in the Canadian mortgage space
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