Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. The Mesa, Arizona-based company listed estimated assets and liabilities as much as $100 million each, according to a filing in the U.S. Bankruptcy Court for Delaware. RCP Credit Opportunities Fund is listed as the largest unsecured creditor in the AmeriFirst Chapter 11 case — with a claim of $17.9 million, court pleading

Mortgage 370

Mortgage Retail Business Lending 370

Real Estate News

AUGUST 25, 2023

The purchase of Spruce will allow Zillow to build “a tech-forward, high-volume title company for the future,” the company said.

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Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. The 2% portion of the down payment will be paid during closing and not as a payment to the borrower. “For those who can afford higher rent payments but have been held

Mortgage 370

Mortgage Buyers Agents Business 370

Real Estate News

AUGUST 25, 2023

Rebuilding after the Lahaina wildfires will be challenging and costly, but not "ominous.

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Housing Wire

AUGUST 25, 2023

Keller Williams is going with the carrot and the stick approach. The franchisor just announced a significant adjustment to its profit sharing program, aimed at rewarding agents who stay with the company and punishing vested agents who left for competitors. Keller Williams President Marc King last week wrote in an email that the company will cut the profit share distribution for vested “former” KW agents (agents who joined the company before April 1, 2020) who jumped ship to another brokerage fro

Agents 370

Agents Brokerage Real Estate Business 370

Inman

AUGUST 25, 2023

The most explosive damage to the National Association of Realtors and the overall industry will result if the defendants lose one or both so-called bombshell lawsuits. Author and trainer Nancy Ross breaks down the possible repercussions.

Realtors 148

Realtors Brokerage Agents Marketing 148

Inman

AUGUST 25, 2023

Pending home sales rose 0.7 percent from June to July, reversing seven months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said.

Sellers 147

Sellers Inventory Buyers Marketing 147

Housing Wire

AUGUST 25, 2023

Homeownership is a hallmark of the American Dream; it’s one of the few paths to building generational wealth and achieving financial freedom. Unfortunately, for many, it can feel like a pipedream. According to a recent report from the U.S. Census , the homeownership rate has dropped to 63.1%, its lowest rate since 1970. Moreover, the outlook for individuals from minority communities is even more bleak.

Housing Market 369

Housing Market Design Tools Mortgage 369

Inman

AUGUST 25, 2023

After an initial swoon, bond markets take Federal Reserve Chairman Jerome Powell's tough talk on inflation in stride, but the housing sector remains vulnerable to rate hikes.

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Marketing Mortgage 148

GoForrmz

AUGUST 25, 2023

A strategic discussion around the barriers to digital data capture in global healthcare The global healthcare industry has seen more than its fair share of concerns and upsets over the last few years, and from those unprecedented moments, we’ve learned a lot about the future of healthcare data. While we may not have all the answers or the best solutions implemented, we do know a lot more about what challenges we may face in the future, and some of the ways we can work together as a global commun

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Investing Business 78

Inman

AUGUST 25, 2023

Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR's inaugural Association Profile.

Realtors 147

Realtors Government Agents 147

Eyes on Housing

AUGUST 25, 2023

Interest rates on loans for Acquisition, Development & Construction (AD&C) continued to climb in the second quarter of 2023, according to NAHB’s quarterly Survey on AD&C Financing. Quarter-over-quarter, the contract interest rate increased on all four categories of loans tracked in the AD&C Survey: from 8.50% to 8.62% on loans for land acquisition, from 8.19% to 8.70% on loans for.

Construction 78

Construction Contracts Finance Development 78

Inman

AUGUST 25, 2023

Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday.

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Marketing 147

Eppraisal

AUGUST 25, 2023

In the ever-fluctuating world of real estate, buyers often face a multitude of challenges. However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. These factors can make the homebuying process more complex, but with the right strategies, prospective buyers can still find success in this competitive market.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Inman

AUGUST 25, 2023

It is so easy to dismiss someone because they may make a request you do not understand or even think is stupid, writes team leader Carl Medford. Listening to their request and fulfilling it, however, can actually set your life on a new and wonderful trajectory.

Clients 146

Clients Brokerage Agents 146

BiggerPockets

AUGUST 25, 2023

Mortgage rates have been on the rise since last year, but now they've reached their highest point in 20 years. Are they ever going to fall? Read more to find out.

Mortgage 69

Mortgage Real Estate 69

Inman

AUGUST 25, 2023

The National Association of Realtors filed four requests in the US District Court in Western Missouri on Thursday involving commission rule changes, government investigations and discrimination.

Realtors 144

Realtors Government Brokerage Agents 144

Mashvisor

AUGUST 25, 2023

Real estate investing has long been heralded as a safe and reliable way to generate great returns and build wealth.

Real Estate 69

Real Estate Investing Marketing Investors 69

Inman

AUGUST 25, 2023

Not every senior adult is ready to put their house up for sale, writes broker Teresa Boardman. Rather than trying to turn them into listings, it's time for real estate professionals to reach out to senior homeowners with a helping hand.

Real Estate 142

Real Estate Agents Marketing 142

BiggerPockets

AUGUST 25, 2023

Your tenant is breaking their landlord tenant lease agreement. What now? Do you go after the money or eat the loss?

Tenants 63

Tenants Landlords Real Estate 63

Inman

AUGUST 25, 2023

Anne Hodge and Debra Dobbs are joining Compass in the Windy City. The agents together bring more than 60 years of experience in Chicago real estate, according to the company.

Agents 141

Agents Real Estate Brokerage 141

Mortgagebroker News

AUGUST 25, 2023

Centum's Chris Turcotte looks ahead to the much-anticipated Canadian Mortgage Summit

Mortgage 66

Mortgage 66

Inman

AUGUST 25, 2023

UWM and Rocket Mortgage are also leveraging Fannie Mae and Freddie Mac programs tailored to borrowers earning less than 80 percent of the area median income.

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Mortgage Tools Buyers 148

Mortgagebroker News

AUGUST 25, 2023

The new target will be on top of the 40,000 affordable units that the city has already pledged to build by 2031

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Inman

AUGUST 25, 2023

People are pointing fingers and raising hell over KW’s recent profit share announcement, writes broker Troy Palmquist. But why is everyone so surprised?

Brokerage 146

Brokerage Agents 146

Mortgagebroker News

AUGUST 25, 2023

Are the Bank of Canada and Federal Reserve set to increase interest rates again?

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Inman

AUGUST 25, 2023

With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers.

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Agents 141

Mortgagebroker News

AUGUST 25, 2023

Nearly all provinces also saw increases in the income needed to purchase an average-priced home

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Inman

AUGUST 25, 2023

This week in The Download: Keller Williams President Marc King warned that agents who've left the company will see their profit-sharing slashed unless they boomerang within six months.

Agents 111

Agents Brokerage Marketing 111

Mashvisor

AUGUST 25, 2023

Short-term and vacation rentals offer investors the potential to earn higher rental income and capitalize on seasonal demand, premium rates, and a diverse set of tenants.

Tenants 36

Tenants Investors 36

Mortgagebroker News

AUGUST 25, 2023

Generation Squeeze founder has his say

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Appraisal Today

AUGUST 25, 2023

What’s the Average Real Estate Appraiser Salary? Excerpts: On average, appraisers earn $102,620 a year. However… the average appraiser salary varies significantly across license levels. Trainee appraisers earn an average annual income of about $53K. Licensed appraisers earn approximately $89K per year. Certified residential appraisers earn more than $101K annually.

Appraisal 75

Appraisal Real Estate Agent Agents Real Estate 75

Mortgagebroker News

AUGUST 25, 2023

Banks are reporting higher provisions for credit losses

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Inman

AUGUST 25, 2023

The 7,500-acre Zorro Ranch first listed for $27.5 million in July 2021, but the price was cut to $18 million by October 2022. San Rafael Ranch, LLC bought the property for an undisclosed price, records show.

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