Top Property Appraisal Zone Easement Realtors Content for Wed.Apr 12, 2023

Wed.Apr 12, 2023

Better inflation data won’t sway the Fed

Housing Wire

APRIL 12, 2023

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. The headline inflation data came in lower than anticipated. While we have made progress in cooling down the inflation data, which is running into tough year-over-year comps (and will for the rest of the year) don’t expect the Fed to pivot anytime soon.

Housing Market

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No Time for Time Adjustment?

George Dell

APRIL 12, 2023

Appraiser credibility continues to decay over time. Even during the great runup in prices, and now the spotty, often rapid rundown in prices – residential appraisers mostly turned a blind eye to the need for this critical “time adjustment.” Non-residential appraisers have yet to see the coming value shifts. Shamefully, a time adjustment, (or market […] The post No Time for Time Adjustment?

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New data reveals changing borrower preferences

Housing Wire

APRIL 12, 2023

The current housing market is hard to describe, hard to predict and hard to navigate for borrowers, renters and lenders alike. The latest numbers are mixed. New data released in late March 2023 shows that US home prices — as measured by the seasonally adjusted Case-Shiller Home Price Index — fell for the seventh straight month in January. They are now 3% off their peak on a seasonally adjusted basis.

Realtors

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New auction marketplace puts a twist on how agents get paid

Real Estate News

APRIL 12, 2023

Real estate consultant Rob Hahn is introducing a marketplace auction website that allows homeowners to sell without paying commissions.

Agents

Agents Real Estate

The real estate industry battles the rising tide of email fraud

Housing Wire

APRIL 12, 2023

Olufolajimi Abegunde, a Nigerian citizen living in Atlanta, and Javier Luis Ramos-Alonso, a Mexican citizen living in Seaside, California, were each convicted in 2019 in federal court in Tennessee of participating in a sophisticated international email-hacking scheme that bilked its targets out of hundreds of thousands of dollars. Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the

Real Estate

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Tech Bytes: News from Second City Ventures, RentSpree, more

Real Estate News

APRIL 12, 2023

2023 REACH members announced, RentSpree partners with ABOR, Listing Media Services adds markets, Evocalize expands channels, SkySlope launches mobile app.

Marketing

Mortgage app volume climbs on heels of recent rate drop

Housing Wire

APRIL 12, 2023

Mortgage rates tumbled downward by nearly 1% last week on the heels of a lackluster jobs report, which helped to spur renewed interest in mortgage loans by potential homebuyers. The uptick in mortgage applications was a welcome change for the struggling housing market, which has been plagued by affordability issues that have kept many would-be buyers on the sidelines.

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Mortgage app volume climbs on heels of recent rate drop

Housing Wire

APRIL 12, 2023

Mortgage

Mortgage Retail Housing Market Contracts

LGBTQ+ Real Estate Alliance takes ‘Article 10 Rule’ campaign to Texas

Inman

APRIL 12, 2023

In the wake of increasing anti-LGBTQ+ legislation in Texas, the LGBTQ+ Real Estate Alliance has called Texas Realtors and TREPAC to evaluate political candidates' credibility.

Real Estate

Real Estate Realtors

LendingPulse Q2 2023 survey: Mortgage pros share their biggest concerns, market outlook

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. Roughly 30% of 155 respondents of the LenderPulse survey pointed to increased regulation, rising interest rates and inflation as the biggest challenge

Mortgage

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Your Ohio Commercial Property Reassessment Cheat Sheet [2023 Update]

The Robert Weiler Company

APRIL 12, 2023

With recent headlines focused on politics, protests, and international disputes, Ohio commercial property owners may have overlooked or forgotten that a statewide property tax reassessment (also referred to as a reappraisal) is underway. Ohio law stipulates that a comprehensive property reassessment is completed every six years , with an update at the three-year midpoint.

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Inflation cooled further in March, but shelter costs are still high

Housing Wire

APRIL 12, 2023

Consumer price increases cooled further in March, which is welcome news for the Federal Reserve , which made the challenging choice at its March meeting to continue with its federal funds rate hikes despite the failures of Silicon Valley Bank and Signature Bank. The Consumer Price Index (CPI) rose by 5.0% in March, before seasonal adjustment compared to one year ago, a dramatic decrease from the 6.0% year-over-year jump posted in February , according to data released Wednesday by the Bureau of L

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Housing costs remain stubbornly high despite relief on food, energy

Inman

APRIL 12, 2023

The U.S. Consumer Price Index cooled to 5 percent in March compared to a year ago, but remained elevated overall despite efforts from the Federal Reserve to curb inflation, according to the Bureau of Labor Statistics.

Marketing

Mortgage Activity Increases as Rates Fall for 5th Straight week

Eyes on Housing

APRIL 12, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending April 7th, total mortgage activity increased 5.3% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell ten basis points to 6.30%. The FRM rate has fallen 41 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

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NAR selects 7 firms for its US real estate tech program, REACH

Inman

APRIL 12, 2023

Flock, HighNote, Plus Platform, Prisidio, Real Grader, Summer and Tongo are the 11th class to participate in Second Century Ventures' REACH program, according to an announcement Tuesday.

Real Estate

Real Estate Realtors Technology

Inflation Shows Further Signs of Cooling

Eyes on Housing

APRIL 12, 2023

Consumer prices in March saw the smallest year-over-year gain since May 2021 with a ninth consecutive month of a deceleration. While the shelter index (housing inflation) experienced its smallest monthly gain since November 2022, it continued to be the largest contributor to the total increase, accounting for over 60% of the increase in all items less food and energy.

As iBuyers struggle, agents rethink relationships with cash-offer kings

Inman

APRIL 12, 2023

IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation's biggest housing markets. Now, real estate agents say their role has diminished dramatically.

Agents

Agents Real Estate Agent Real Estate Housing Market

In the mortgage rate game, who is buying or selling?

Valuation Review

APRIL 12, 2023

Zillow says mortgage rates, both their high levels and wild swings, are making life difficult.

Mortgage

Better’s ‘One Day Mortgage’ product lifts off

Inman

APRIL 12, 2023

New products and agent partnerships could help Better make the transition from a company known primarily for refinancing to a lender that serves homebuyers.

Mortgage

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Things That May be Impacting Your Credit

Lamacchia Realty

APRIL 12, 2023

THINGS THAT MAY BE IMPACTING YOUR CREDIT Navigating your credit score can be extremely confusing if you don’t know what goes into determining your score and what causes it to go higher or lower over time. When you’re attempting to get a mortgage loan , having good credit is a major factor. If you’ve recently learned that your credit isn’t so great and you aren’t sure why, these reasons might be the cause!

Realty

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Mike DelPrete weighs in on the rapid rise of The Real Brokerage

Inman

APRIL 12, 2023

The company's transaction growth in 2022 was second only to eXp's. Here's what's fueling its rapid rise, and what to expect after its "exponential growth phase," according to analyst Mike DelPrete.

Brokerage

Brokerage Realty

Senior appraiser enshrined in prestigious rural hall of fame

Valuation Review

APRIL 12, 2023

A conversation with a rural/farm appraiser and hall of fame inductee.

Appraisal

Homebuyer mortgage demand perks up as rates retreat

Inman

APRIL 12, 2023

Homebuyer demand for purchase loans rose 8 percent last week even after adjusting for the expected seasonal boost from the spring homebuying season.

Mortgage

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6 Ways to Use ChatGPT for Real Estate Investing

Mashvisor

APRIL 12, 2023

With all the hype going around about AI and how easy it is to get things done with it, is it okay to use ChatGPT in real estate investing?

Real Estate

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RentSpree’s ApplyLink deployed by Austin Board of Realtors

Inman

APRIL 12, 2023

Software company RentSpree continues making headway into its multiple listing service partnership strategy with its latest union: Austin Board of Realtors and its 20,000+ member MLS, the Austin/Central Texas Realty Information Service (ACTRIS).

Realtors

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Specialized Lending: What does 2023 have in store?

Mortgagebroker News

APRIL 12, 2023

CMP spoke with two of Canada’s leading lenders to get their insights into why alternative and specialized lending is set to play a more important role

Lending

Pulse: What’s the one ‘script’ you find yourself using most today?

Inman

APRIL 12, 2023

Maybe you've got a collection of tried-and-true responses that you've used over the years, but this week we're asking: What's the one "script" you find yourself using most today?

Freddie Mac: Mortgage rates down

Valuation Review

APRIL 12, 2023

Freddie Mac recently released the results of its Primary Mortgage Market Survey.

Mortgage

Mortgage Marketing

Restb.ai releases new option for automated property descriptions

Inman

APRIL 12, 2023

Property Descriptions by Restb.

Technology

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RBC reports 'big shift' in Canadians' sentiments towards housing

Mortgagebroker News

APRIL 12, 2023

Executive says would-be buyers are increasingly optimistic about their prospects

Buyers

Agents + Appraisers: Create a Winning Team for Your Clients

National Association of Realtors

APRIL 12, 2023

There’s a misconception that the two sides shouldn’t communicate to avoid potential ethical or legal problems. Two appraisers explain why that’s not true.

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