Fri.Jun 23, 2023

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Small- and mid-sized homebuilders didn’t quite meet expectations in May

Housing Wire

Some of the best performing stocks in America this year are from large, national homebuilders – strong consumer demand , limited competition from the existing home sales market , and an improving supply chain have boosted their outlooks. On Monday, homebuilder confidence moved into positive territory for the first time in nearly a year, while Census data on new residential construction showed housing starts rose 21.7% from April, and up 5.7% from May 2022, to 1.63 million.

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Consider These Factors Before Buying Land In 2023

Cleveland Appraisal Blog

Hello, friends! I’m still playing catch-up from June. So, here is another article from guest blogger Ashley Rodriguez. In this article, she discusses some things to consider before buying land. I hope you enjoy her article! Photo by Markus Spiske on Pexels.com Buying land is a significant investment, and it requires the careful consideration of several factors before you proceed.

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Title premium volume drops 43% year over year in Q1

Housing Wire

High mortgage rates , economic uncertainty and low housing inventory did very little to help title premium volume during the first quarter of 2023. In the first three months of the year, the title industry generated $3.37 billion in title insurance premiums, down 43% year over year, according to the American Land Title Association ’s Market Share Analysis , released Thursday.

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Homeownership, affordability gaps persist as prices remain high

Real Estate News

Harvard's annual housing report found little change in the racial homeownership gap as prices rise and supply stagnates, but federal programs may help.

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CrossCountry offers buyers up to $4K in down payment assistance

Housing Wire

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. The CCM Smart Start program will provide eligible individuals with up to $4,000 in down payment assistance , granting them additional purchasing power. “Saving for a down payment can be a huge obstacle for first-time homebu

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Pride month: Why it matters in real estate

Real Estate News

Support for the LGBTQ+ community can take many forms, from a rainbow flag in a window — a "beacon of safety" — to providing resources for LGBTQ+ clients.

More Trending

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Embracing new possibilities: Let Inman Connect be your guide

Inman

Join us this summer at Inman Connect Las Vegas — the transformative event that empowers real estate professionals to proactively position themselves for growth and seize the moment.

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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Insiders are open until the end of today, June 23, 2023. Click here to nominate someone from your organization today. Today marks the last day to submit a nomination for the 2023 HW Insiders award.

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Should RPAC support candidates who violate the code of ethics?

Inman

In today's political climate, Rachael Hite writes, Realtors need to ask questions about why candidates are selected for funding, as many of them have a personal agenda that does not reflect the values of NAR.

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Diversity, Equity and Inclusion Is Overlooked by HUD Secretary Marcia Fudge

Appraiserblogs

Marcia Fudge, the Secretary of HUD, decided to convene a special meeting of master minds with absolutely no real diversity, equity or inclusion included, with the intent of “closing the racial gap and increasing access to homeownership in African American communities.” Appraisers, all the racial mud-slinging against appraisers by the current government is extremely disheartening toward our honored profession.

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This LGBTQ+ advocate has a message for you this Pride Month

Inman

Erin Morrison, LGBTQ Alliance 2023 president, shares the growing fears among the LGBTQ+ community, where RPACs and the code of ethics come in, and how to be an ally this Pride Month. It's time to become the vocal majority.

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Use Case Spotlight: Aristocrat Gaming

GoForrmz

How Aristocrat Gaming gained a competitive advantage with GoFormz The world of casinos and gaming is vast, vibrant, and exciting! But that world moves quickly, and the team at Aristocrat Gaming was tired of delays. When they found GoFormz, they not only found a solution for better data management, they found a way to gain a competitive edge over other gaming manufacturers with faster data capture, standardized documentation, and faster jackpot payouts to their winners.

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Gary Gold’s advice: ‘Create a machine to get more business’

Inman

The luxury real estate giant with Coldwell Banker recently launched his first-ever live, online mentorship program and is sharing his tricks of the trade with other agents for how to "Compete and Beat the Best.

Business 148
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Appraiser Liability Risks

Appraisal Today

This Is Where Appraisal Liability Risks Lie (Plus Tips on How to Avoid Them) By: McKissock Excerpts: While it’s difficult for a litigant to win a judgment against an appraiser, that doesn’t spare appraisers the inconvenience of being sued, which can be costly, time-consuming, and harmful to one’s reputation even if the suit fails. Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small re

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Compass nabs top-performing Coldwell Banker agent

Inman

Tacoma's Margo Hass Klein joined Compass this week, according to the company. She's the latest in a string of Coldwell Banker agents who decamped for Compass this year.

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Yes, You Should Still Be Investing. Here’s Why You Need to Enter the Market

BiggerPockets

The market might be tougher than it was in the past, but that shouldn't stop you from investing. Here's why you need to keep your foot on the gas.

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Planet Home Lending acquires $10B in mortgage servicing rights

Inman

The bulk acquisition of servicing rights to 45,000 Ginnie Mae loans brings Planet's servicing portfolio to $94 billion, with more purchases eyed for 2023.

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As the Commercial Market Falls Apart, These Three Assets Could Be Your Next Big Opportunity

BiggerPockets

Commercial real estate is tanking, but where there's chaos, there's opportunity. These assets might be your next big break.

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Humaniz recognizes the challenges of hiring: Tech Review

Inman

Humaniz is hiring software for the real estate industry, addressing a critical business need that has very little standardization and impressive fragmentation.

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How Tony Lost $100K on ONE Real Estate Deal (AVOID These Critical Mistakes)

BiggerPockets

Losing $100K on one real estate deal!? Is there any coming back from that kind of loss? Unfortunately, real estate investing is not always sunshine and rainbows.

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Lawsuits, chatbots, dad jokes: Here’s Inman’s Top 5

Inman

Wondering what you missed? Find out with Inman's Top 5 most-read stories of the week of June 16- 22, 2023.

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How Do Realtors Get Paid?

BiggerPockets

Have you ever wondered how do realtors get paid for selling real estate? Our guide takes the mystery out of this burning question!

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Understanding the Basics of Buying Your First Home - Part 3 - Financing Your Home Purchase and Navigating the Closing Process

Eppraisal

In our previous blogs, we covered the initial steps of preparing yourself for buying a home and researching and finding your dream property. Now, we'll dive into the final stages of the homebuying process: financing your purchase and navigating the closing process. Understanding these crucial aspects will help ensure a smooth transition from offer acceptance to becoming a proud homeowner.

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HUD launches Office of Manufactured Housing Programs

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) announced this week that it has established a new Office of Manufactured Housing Programs , which will report to Assistant Secretary for Housing and Federal Housing Administration (FHA) Commissioner Julia Gordon. The office will work to accelerate manufactured housing in order to help address the nation’s inventory issues.

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San Diego Has Largest Top 10 Builder Market Share in 2022

Eyes on Housing

In a previous blog post, NAHB analyzed the national data released by BUILDER Magazine. Earlier this month, BUILDER Magazine also released Local Leaders data on the top 10 builders in the top 50 largest new-home markets in the U.S. (ranking determined by the number of single-family permits) (Figure 1). The 2022 data shows that the top 10 builders in each.

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May 2023 South Florida Housing Report

Lamacchia Realty

May 2023 south florida housing report May Highlights SOUTH FLORIDA Broward County In May of 2023, Broward County single-family and condo/townhome saw decreases in all categories. Miami-Dade County In May of 2023, Miami-Dade single-family and condo/townhome saw decreases in all categories. Palm Beach County In May of 2023, Palm Beach single-family and condo/townhome closed sales, new listings, and pending sales decreased.

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Opinion: Biden should focus on housing crisis

Housing Wire

This week, the Joint Center For Housing Studies at Harvard University released this year’s “State of the Nation’s Housing.” The report is damning for those who are trying to expand opportunities for homeownership and presents an incredible challenge for policymakers, stating, “As the cost of homeownership rises, the prospect dims for eliminating racial homeownership gaps.

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Affordable housing, homelessness bills reintroduced by Rep. Waters

Housing Wire

Rep. Maxine Waters (D-Calif.), the ranking member of the U.S. House of Representatives Financial Services Committee, reintroduced this week three pieces of proposed legislation to bolster affordable housing investments, expand the housing choice voucher program and provide billions of dollars in assistance for first-time, first-generation homebuyers.

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