Housing Wire
JUNE 7, 2023
After the recent extraordinary show of force defending changes to LLPAs by federal regulators and their friends, the forest through the trees risk remains in focus to me. One of the great concerns I have, as both a former regulator and the former head of a major industry trade association, is the downside risk of keeping the GSEs in conservatorship any longer.
Real Estate News
JUNE 7, 2023
CoreLogic reported that national home price growth slowed to just 2% year over year in April, but gains (and losses) varied locally.
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Housing Wire
JUNE 7, 2023
A 10 basis point decline in mortgage rates last week wasn’t enough to spur consumer demand for mortgages , according to the latest figures from the Mortgage Bankers Association. For the week that ended June 2, mortgage applications fell 1.4% from the prior week. That was despite mortgage rates dropping to 6.81% from 6.91% during roughly the same period.
Real Estate News
JUNE 7, 2023
REdistribute, which sells data from participating MLSs to institutional users, now covers nearly half of U.S. residential properties.
Housing Wire
JUNE 7, 2023
Is this a glimpse of the future in the Southwest? Arizona state officials announced last week that there is not enough groundwater for all of the construction that has already been approved in the Phoenix area. The state paused approving new housing subdivisions in the Phoenix area that would have relied solely on groundwater, which is likely to limit expansion in fast-growing (and, relatively speaking, affordable) areas outside of Phoenix.
George Dell
JUNE 7, 2023
USPAP requires that an appraisal is an opinion. EBV yields an analytic result. Editor’s Note: This is part IIIb of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. USPAP (Uniform Standards of Professional Practice) is promulgated by the Appraisal Foundation, publisher of the irregularly issued rules, […] The post Appraisal Opinion vs Analytic Results?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Eyes on Housing
JUNE 7, 2023
The latest labor force statistics from the 2021 American Community Survey show that the construction industry continues to struggle to attract younger workers. While workers under the age of 25 comprised 13.6% of the US labor force, their share in the construction industry reached only 10.0% in 2021. Meanwhile, the share of older construction workers ages 55+ increased from less.
Housing Wire
JUNE 7, 2023
The acquisition of Roostify by CoreLogic aims to streamline the user experience in the mortgage application process. By incorporating Roostify’s mortgage application software into CoreLogic’s suite of products, clients can benefit from an end-to-end integrated workflow to the loan origination process. This integration will simplify the application process, reducing manual tasks and providing real-time updates on loan status, providing a superior customer experience for lenders and financial inst
Inman
JUNE 7, 2023
Adina Azarian died Sunday when the small plane she was on crashed in Virginia. Investigators are now exploring the possibility that hypoxia impacted people on the Cessna 560 Citation V.
Housing Wire
JUNE 7, 2023
The title industry is well acquainted with the gray areas surrounding the 1974 Real Estate Settlement Procedures Act (RESPA) , which governs how real estate agents, mortgage lenders and title providers interact and bans things like kickbacks. “Regulators would like to think that their rules are very black and white, the problem is that black and white creates grey space,” Jerra Ryan, the vice president of Firstline Compliance, LLC , told National Settlement Services Summit (NS3) attendees gather
Inman
JUNE 7, 2023
The U.S. Department of Justice wants "to resume its consequential investigation of conduct that affects over $100 billion in broker fees paid by Americans annually," according to an appeal.
Housing Wire
JUNE 7, 2023
The Mortgage Bankers Association (MBA) announced on Wednesday that Christine Chandler, the executive vice president, chief credit officer, and chief operating officer of M&T Realty Capital Corporation (RCC), has been nominated to serve as MBA’s vice chair for the 2024 membership year. The installation of Chandler is expected to take place at the association’s 110th Annual Convention in Philadelphia later this month. “Christine is a passionate and influential leader in real
Inman
JUNE 7, 2023
The real estate giants' omission from Fortune's annual list of the biggest companies illustrates just how far industry players have fallen as a result of a housing contraction that began in 2022.
Valuation Review
JUNE 7, 2023
This year’s winners of October Research, LLC’s annual awards for Leadership, Innovation and Philanthropy include a forward-thinking employer, a title-decisioning pioneer, and a fisherman-turned-fundraiser. CEO and Publisher Erica Meyer presented the awards at the 19th annual National Settlement Services Summit (NS3). Read on to find out this year's winners.
Inman
JUNE 7, 2023
Although cold calling has traditionally been used as the leading sales prospecting approach, alternative strategies often yield better outcomes in today’s business landscape. Marketing expert Diana Zaya shares lead gen ideas to take you beyond the phone call.
Valuation Review
JUNE 7, 2023
John Brenan has enjoyed a career in appraising spanning over four decades, assuming various roles and titles with numerous companies. Valuation Review caught up with Brenan to discuss his latest endeavor, which is owner and founder of his newly established business, JSB Consulting. Read on for the full conversation.
Inman
JUNE 7, 2023
"We invested heavily into building our end-to-end software solution for rent reporting and consumer app layer and now we’re focused on revolutionizing the entire renter experience," said Boom CEO and co-founder Rob Whiting.
Lamacchia Realty
JUNE 7, 2023
HOW TO KNOW WHEN YOU'RE READY TO BUY A HOME Buying a home is an exciting life chapter, but it is also a significant financial commitment. It requires thorough thought, planning, and preparation. It might be challenging to gauge your readiness to act, particularly if you’re a first-time home buyer. In this post, we’ll highlight a few crucial signs that can tell you whether you’re in a position to purchase a home.
Inman
JUNE 7, 2023
During the 18 months that have taken place since the acquisition, the firm has gradually rolled out its proprietary technology, pl@tform, to Christie's affiliates and early adopters are now seeing "great impacts," said Thad Wong.
Valuation Review
JUNE 7, 2023
For 10 years, attendees at the National Settlement Services Summit (NS3) have helped make a positive impact on each host city by participating in Make a Child Smile. This year, attendees at the Hyatt Regency at The Arch in St. Louis filled hundreds of bookbags with school supplies for children at the Saint Louis Crisis Nursery. Read on for more.
Inman
JUNE 7, 2023
As the market for proptech nears $100 billion, executives at companies like Contactually and Trackxi are grappling with a paradox: As supply grows, demand from brokerages and agents is narrowing.
JMV Lending
JUNE 7, 2023
Despite continued predictions of a housing crash in the media, we are still seeing bidding wars and seemingly insane prices in some neighborhoods. This week alone, we saw a home listed for $1.1 million end up selling for $1.6 million – and there is not a snowball’s chance in hell that it will appraise. In […] The post 5 Options When Texas Appraisals Come In Low appeared first on JVM Lending.
Inman
JUNE 7, 2023
Restb.ai, a software company that has pioneered use of computer vision, a form of artificial intelligence, in the residential real estate space, has cemented its latest multiple listing service relationship.
Valuation Review
JUNE 7, 2023
A North Carolina land appraiser recently pleaded guilty to conspiring to defraud the United States as part of a syndicated conservation easement tax shelter scheme. This involved inflating charitable contribution deductions based on a fraudulent appraisal value of a conservation easement on land that claimed more than $1.3 billion in fraudulent tax deductions.
Inman
JUNE 7, 2023
Whether you've always hated cold calling or never started in the first place, these ideas from social media strategist Michelle Berman-Mickel, will help you lead gen on Instagram instead.
Birmingham Appraisal
JUNE 7, 2023
Appraisers Helping Accountants In the realm of real estate transactions, residential appraisers play an important role in providing accurate valuations. Their expertise goes beyond helping buyers and sellers determine accurate market value. Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes.
Inman
JUNE 7, 2023
Some Fed policymakers say even if they skip hiking rates next week to assess the latest inflation data, that doesn't mean they're ready to pause altogether.
Valuation Review
JUNE 7, 2023
The Appraiser Qualifications Board’s Second Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria is available for public comment.
Inman
JUNE 7, 2023
A new report released by Redfin found that 33.4 percent of home purchases were made in cash during April 2023 — up from 30.7 percent a year earlier.
BiggerPockets
JUNE 7, 2023
You’ve heard cash flow stories before, but NOTHING like this. We’ve talked to hundreds of investors that have flipped houses, bought apartment complexes, storage facilities, and more.
Inman
JUNE 7, 2023
These 12 principles can act as guideposts and mile markers to measure your forward progress, writes mega-team leader Carl Medford. Do not take shortcuts.
BiggerPockets
JUNE 7, 2023
There are different ways to determine how to calculate rental income for child support. It depends where you live and rental income and expenses.
Inman
JUNE 7, 2023
Whether you love or hate depictions of real estate agents in books, TV shows and movies, we all have our favorites. Who's yours?
BiggerPockets
JUNE 7, 2023
Commercial real estate is on the brink of total failure as vacancy rates are set to skyrocket.
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