Housing Wire
JULY 31, 2023
Homeowners with a mortgage rate above 5% are nearly twice as likely to say that they plan to sell their home than those paying a rate below 5%, according to Zillow’s quarterly survey report. Additionally, the survey found that about 80% of mortgage holders reported having a rate of less than 5%, while 90% reported having a rate of less than 6%.
Real Estate News
JULY 31, 2023
In a letter to members, Cory Shepard vowed to lead the organization into a new chapter after the former CEO was accused of embezzlement.
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Housing Wire
JULY 31, 2023
Rocket Companies announced major leadership changes on Monday. The company appointed Varun Krishna, a veteran in the financial technology world who held executive positions at Intuit and PayPal , as its new CEO. In addition, Bob Walters has informed the board of directors of his intention to retire from his role as CEO of Rocket Mortgage and president and Chief Operating Officer of Rocket Companies.
Real Estate News
JULY 31, 2023
Nationwide, luxury home prices are still on the rise, but several Western cities have experienced double-digit declines in the past year.
Housing Wire
JULY 31, 2023
Many U.S. banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Banks expect to further tighten standards for the remainder of the year, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.
Inman
JULY 31, 2023
The move comes eight months after the firm rolled out its agent success services, Inman has learned. A Southwest BHHS franchisee also recently announced an agent benefits package.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JULY 31, 2023
Changing of the guard demonstrates mortgage is just one component of a larger fintech strategy, with former Intuit, PayPal exec set to succeed interim CEO Bill Emerson on Sept. 5.
Housing Wire
JULY 31, 2023
The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations. A CUNA letter was aimed at expressing its support to financial services companies, with an additional letter adding its individual comments to the Bureau’s rule proposal.
Inman
JULY 31, 2023
Ahead of his appearance at Inman Luxury Connect, the Spears Group founder told Inman demand for trophy properties or highly unique listings is at an all-time high throughout North Florida.
Housing Wire
JULY 31, 2023
Today’s RealTrending features Rich Hopen , broker-associate of Compass and co-founder of REAL-E in New Jersey and Susan Vanech , broker-associate of Compass and founder of Compass Coasta l in Connecticut. Hopen is a self-taught expert in all things ChatGPT and artificial intelligence and built an AI-powered listing chatbot. Vaneck used that chatbot to market a multi-million dollar property.
Inman
JULY 31, 2023
Knowing yourself and your relaxation style will ensure that this year's vacation truly allows you to unwind and rejuvenate. New Inman contributor, and broker-owner of YogaBug Real Estate, helps you figure out what works for you when you're away from work.
Housing Wire
JULY 31, 2023
Mike Cagney’s Figure Technologies laid off 20% of its staff and plans to take its profitable lending business public next year, Bloomberg reported. About half of the workers laid off last week were engineers and this was the first round of staff reductions for the company, according to the outlet. ”Last Friday I found out I was part of the latest round of layoffs in a company where I truly felt I had belonged and it was jarring to say the least,” a former solutions architect
Eyes on Housing
JULY 31, 2023
Despite lower perceptions of affordability, the share of prospective home buyers who are actively engaged in the purchase process (i.e., have moved beyond the planning phase) remained essentially unchanged between the first and second quarters of 2023, at 56% and 55%, respectively. The lack of change in this metric suggests that some buyers are willing to continue trying to find.
Housing Wire
JULY 31, 2023
The U.S. Department of Housing and Urban Development (HUD) on Monday published a newly-proposed rule in the Federal Register that would allow mortgage servicers to use telephonic or other electronic means to communicate with a distressed borrower, in a way that is most likely to yield a response. “[T]his rule proposes to update HUD’s current in-person, face-to-face meeting requirements by permitting mortgagees to utilize methods of communication most likely to receive a response from the m
Inman
JULY 31, 2023
Candice Milano and Malessa Rambarran, the millennial co-leaders of The Milano Rambarran Team at Brown Harris Stevens, are launching their new podcast, The Build Up, to reach a wider audience.
Eyes on Housing
JULY 31, 2023
Housing’s share of the economy remained at 15.8% at the end of the second quarter of 2023. Overall GDP increased at a 2.4% annual rate, following a 2.0% increase in the first quarter of 2023 and 2.6% increase in the fourth quarter of 2022. Despite overall GDP increasing for the fourth consecutive quarter, housing’s share of GDP remained to 15.8%.
Inman
JULY 31, 2023
Luxury buyers have been hot on Palm Beach, with 7 of the year's top 20 deals coming out of the luxe South Florida market. Overall, this year's list shows buyers' thirst for trophy properties.
Appraiserblogs
JULY 31, 2023
In his 1946 essay “Politics and the English Language,” the late British novelist, essayist and critic George Orwell examined the connection between political orthodoxies and the debasement of the English language. In a truly Orwellian move, mortgage giant Freddie Mac recently announced its intent to censor an arbitrary collection of words such as “desirable,” “safe,” “well-kept,” “student” and “crime” when they appear, in any context, in the hundreds of thousands of appraisal reports it relies o
Inman
JULY 31, 2023
Whether you're hopping a plane to your next conference, sitting by the pool or just looking to up your game, here’s our list of reads — whether you hold the pages in your hand or listen to an audible version.
Appraisal Hub
JULY 31, 2023
Understanding the actual market value of your home is crucial whether you’re planning to sell, refinance, or apply for a loan using your property as collateral. To ensure accuracy and reliability, it’s essential to obtain certified residential appraisals conducted by a team of professional appraisers in Toronto. But remember: The secret to a stellar appraisal isn’t just in the hands of the appraisal company.
Inman
JULY 31, 2023
New Zealand’s ListAssist, a software company helping agents write listing copy using computer vision AI and large language models, has landed an agreement with TheMLS to offer image-based property data input.
Lamacchia Realty
JULY 31, 2023
Lamacchia Realty is thrilled to announce that well-known legacy real estate brokerage Right Choice Real Estate is now a part of Lamacchia Realty. Right Choice Real Estate was founded over 25 years ago by two very well-respected broker owners, Ron and Dawn Rusin. Right Choice Real Estate has been a dominating force in the Bristol County market for decades.
Inman
JULY 31, 2023
Trainer, writer and horror podcast fan Rachael Hite recommends five podcasts that the perfect frightful escape. If you need to take a break and reset, these fun recommendations pair perfectly with your campfire and s'mores.
BiggerPockets
JULY 31, 2023
Large investors expanding their affordable housing portfolios recently has become a notable trend in the real estate market. Why are they doing this?
Inman
JULY 31, 2023
After an interaction with an AI chatbot went south, Grant Cardone blasted Austin and Seattle as the worst places to invest in real estate right now given how overbuilt the markets have become in recent years.
Town & Country Residential Appraisals
JULY 31, 2023
At Town & Country Residential Appraisals, we are overflowing with appreciation as we extend our sincerest thanks to those who have supported us throughout our journey. It is with immense pride and joy that we accept the honor of being awarded the Gold Badge for the second time in a row in the highly regarded Best of Westmoreland contest. Our success wouldn't have been possible without the support of our nominators and voters, the trust given to us by our valued clients, and the faith placed
Inman
JULY 31, 2023
For Inman Ambassador and new contributor Karen Stone, these tips have been the secret sauce for conference success. Get ready to make your mark in the real estate world.
Mortgagebroker News
JULY 31, 2023
Even a soft landing will be a "mixed blessing" at best, CIBC's chief economist says
Inman
JULY 31, 2023
There are few industries as reliant on personal relationships as luxury real estate — and those relationships start with the agents themselves.
Mortgagebroker News
JULY 31, 2023
Total household credit liabilities increased for the third straight month, statistics agency says
Inman
JULY 31, 2023
Real estate software company Chime has updated with a ChatGPT plugin to power its users' marketing content generation, according to the company.
Mortgagebroker News
JULY 31, 2023
Essential for brokers to bring a note of caution to the conversation, says mortgage pro
Inman
JULY 31, 2023
Nearly half the people who moved within the U.S. in the past year believe they’ll be impacted by climate change in the next decade, according to a survey the company conducted in the spring.
Mortgagebroker News
JULY 31, 2023
The evictions unduly favour the landlord's personal preferences, advocacy group says
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