Housing Wire

NOVEMBER 17, 2023

When market players say housing leads us into a recession, it traditionally means the Federal Reserve raised rates too much, housing slowed down as a result and a job-loss recession isn’t too far off. But a funny thing happened this year for the U.S. economy: single-family permits kept rising as new home sales were showing year-over-year growth. How did this happen when mortgage rates rose from the lows earlier in the year?

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Marketing Construction Housing Market Mortgage 512

Real Estate News

NOVEMBER 17, 2023

In response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.

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Housing Wire

NOVEMBER 17, 2023

Housi ng starts surprised in October. They rose to a seasonally adjusted annual rate of 1,372,000, the highest in three months, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s a 1.9% gain from the revised September estimate of 1,346,000 and 4.2% below the October 2022 rate of 1,432,000. Permits for future construction also jumped 1.1% from September.

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Supply Chain Construction Finance Development 454

Real Estate News

NOVEMBER 17, 2023

Conference sessions provided moments of laughter as well as insights into the future of the association — and the country — in challenging times.

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Housing Wire

NOVEMBER 17, 2023

U.S. pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% compared to October 2022, it’s still the smallest annual decline in nearly two years, according to a report from Redfin. Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

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Real Estate News

NOVEMBER 17, 2023

Building permits and housing starts rose modestly between September and October, suggesting that more supply could be coming online in future months.

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Construction 240

Inman

NOVEMBER 17, 2023

Housing starts rose 1.9 percent from September to reach a seasonally adjusted annual rate of 1,372,000.

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Marketing 195

Housing Wire

NOVEMBER 17, 2023

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. This marks the first time for CBC Mortgage Agency is reducing interest rates on its second mortgages used for its DPA program on Federal Housing Administration (FHA) loans amid mounting affordability pressure for underserved and first-time homebuyers. “The rate reduction aligns with the company’s mission to s

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Miller Samuel

NOVEMBER 17, 2023

I got to join the gang at Bloomberg Surveillance on Tuesday morning. Always fun and smart. The focus seems to be figuring out what the exit of this era of tight housing inventory looks like and when rents will come down since inflation is tangibly falling. My journey to the city for the Bloomberg interview: catching the 5:49 am train – waiting in the green room – and working my way up the guest list to go on.

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Housing Wire

NOVEMBER 17, 2023

Nearly four months after filing a motion for summary judgment in the Nosalek commission lawsuit , HomeServices of America finally has a response back from the plaintiffs. As expected, the plaintiffs are in opposition to HomeServices’ motion, stating that HomeServices’ claim that the “Plaintiffs have no evidence of conspiracy as to any HSD to create, implement, or enforce the [Buyer-Broker Commission] Rule” is untrue.

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Miller Samuel

NOVEMBER 17, 2023

I joined my friend Barry Ritholtz on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. We recorded this on Tuesday – it’s currently located in the Master in Business podcast feed but will be available in its own feed everywhere on January 1.

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Housing Wire

NOVEMBER 17, 2023

New York-based Rithm Capital, the parent company of Newrez , announced on Friday it completed the acquisition of Sculptor Capital Management for $719.8 million. The deal was made public four months ago and created a dispute among investors to take the firm, leading Rithm to increase its price by 14% compared to the original bid. The transaction also created legal battles with Sculptor’s shareholders and founders, including Daniel S.

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Inman

NOVEMBER 17, 2023

The bombshell verdict of Sitzer | Burnett rocked the real estate industry, but recent earnings reports suggest many of its most recognizable CEOs don't anticipate major disruptions.

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Real Estate Realty Realtors Technology 190

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. HousingWire reported in July hat Movement’s national sales director Deran Pennington, leader of the South and Central division Matt Schoolfield and leader of the Eastern U.S. division Chris Shelton parted ways after more than a decade working at the company to join Summit.

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Inman

NOVEMBER 17, 2023

Despite our best efforts to buffer ourselves from distractions, we will be forced to negotiate thousands of them each day. Broker-owner Pam Blair offers tips to hone your focus and find your center.

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Eyes on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

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Construction Inventory Development Buyers 174

Inman

NOVEMBER 17, 2023

With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Nov. 10-16, 2023.

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Agents 175

Eyes on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2023, single-family attached starts totaled 43,000, which is 16% higher than the third quarter of 2022.

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Inman

NOVEMBER 17, 2023

Since its appraised value is over $1 million, the iconic Italian beef stand would incur significantly higher transfer taxes in a sale if Mayor Brandon Johnson's proposed "mansion tax" passes next year.

Appraisal 173

Appraisal Marketing 173

BiggerPockets

NOVEMBER 17, 2023

Real estate investing is a pathway for building wealth, distinct from other asset classes due to its tangible nature. This form of investment usually appreciates over time, providing long-term value growth. Real estate also offers the potential for rental income, transforming properties into sources of continuous revenue.

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Real Estate Investing Finance 93

Mortgagebroker News

NOVEMBER 17, 2023

How are borrowers in the easternmost province adjusting to a higher-rate environment?

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Marketing Mortgage 81

BiggerPockets

NOVEMBER 17, 2023

Social security's future and an aging population are contributing to an ever-present risk of financial instability. How should you structure your retirement, then?

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Mortgagebroker News

NOVEMBER 17, 2023

The funding will come as fully repayable low-interest loans through the Rental Construction Financing Initiative

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Construction Finance 79

BiggerPockets

NOVEMBER 17, 2023

When the Covid-19 lockdowns began in March 2020, the real estate industry was set on a new course. Now, months after the official end of the pandemic, we've taken stock of how everything's changed.

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Real Estate 92

Mortgagebroker News

NOVEMBER 17, 2023

More than one in three Canadians said that they will be spending less on gifts this year

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BiggerPockets

NOVEMBER 17, 2023

The BRRRR method, an acronym for "buy, rehab, rent, refinance, repeat," is a strategy for investors to purchase distressed properties at low costs, renovate, rent them out, refinance, and reinvest the proceeds. It's a sustainable approach for generating passive income and ideal for those knowledgeable (or willing to learn) about the rental and rehab market.

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Renovations Investors Marketing 91

GoForrmz

NOVEMBER 17, 2023

From improved mobile experiences to a Workflow Dashboard, here are the latest GoFormz updates Recorded live on November 16th, 2023, Kelsey Rose, VP of Product at GoFormz, and GoFormz Marketing Manager, Victoria Horn cover the latest GoFormz feature updates, and provide a look at what features are soon to be released, as well as some ideas and functionalities for the future.

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Lamacchia Realty

NOVEMBER 17, 2023

AJ Bruce has officially once again qualified for the 2023 Lamacchia Realty President’s Club by closing on 33 homes so far this year. This is AJ’s 5th year in a row qualifying, as he’s also a member of the 2019 , 2020 , 2021 , and 2022 President’s Club. Additionally, he broke his own record in 2022 and became a member of the 2022 President’s Club ELITE!

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Appraisal Today

NOVEMBER 17, 2023

4 Myths About Property Data Collection By McKissock Excerpts: Myth #1: PDC is the same thing as property appraisal As a professional appraiser, you know very well that what a property data collector does is not the same as what you do — even if your clients don’t always understand the difference. While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data.

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Lamacchia Realty

NOVEMBER 17, 2023

Nicole Vermillion has officially qualified for the 2023 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume so far this year! This is Nicole’s 2nd time reaching this milestone, having also made it last year in 2022. Nicole had an incredible 2022 and 2023 was no different! Earlier this year, Nicole ranked on the 2023 RealTrends America’s Best Real Estate Professionals in Massachusetts, qualified for Lamacchia Realty’s Top Producer Circle for the second ti

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Eppraisal

NOVEMBER 17, 2023

The answer to where you want to live tends to vary at different stages in your life, but it’s most challenging to decide when you’re ready to settle permanently. Some people experience that moment in their 50s, but others get that epiphany even younger. Many questions accompany that sudden awareness, including where you want your forever home to be.

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Mashvisor

NOVEMBER 17, 2023

Commercial rental properties can bring a lot of income and profit, but they also come with multiple risks. To be properly protected, investors need to get good commercial landlord insurance.

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Landlords Insurance Investors Investing 41

Inman

NOVEMBER 17, 2023

The National Association of Realtors and Keller Williams have hired former U.S. solicitors general to help them beat back the multibillion-dollar verdict.

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Realtors Brokerage 187

The Appraiser Coach

NOVEMBER 17, 2023

I suck. No, really I do. I am a sad specimen of a human being. I know what I should do every day to live a healthy, productive, and wealthy lifestyle, but I don’t do it. Well, I do it much of the time, but I just am not as consistent as I should be. As a mentor for others, I feel especially aware of my less than stellar actions. Nothing irks me quite like the self-improvement ‘gurus’ who are all talk and little action.

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