Mon.May 22, 2023

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CrossCountry snatches top loan officer Chris Keelin

Housing Wire

Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Keelin, who has more than 15 years of experience, joined CrossCountry in April from New Jersey-based Family First Funding , where he spent more than six years.

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Lorne Wallace, founder of Lone Wolf Technologies, has died

Real Estate News

Wallace, who grew up in a real estate family, was proud to be involved in an industry that had such a profound impact on people's lives.

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How to realize your vision with a home stager

Inman

Does this sound familiar? You have a beautiful listing that would be a fantastic investment for a buyer — yet it has dated paint colors, worn furniture, and too many accessories that will ultimately detract from the results you know you could achieve for your seller.

Sellers 161
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Black Knight: HPI reveals prices are up, inventory worsens, demand rises slightly

Valuation Review

Black Knight Home Price Index numbers revealed for March.

Inventory 148
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Anthony Marguleas: LA ‘Mansion Tax’ is ‘devastating’ the market

Inman

Inman recently caught up with Marguleas to discuss his company's new venture in Dallas, the effects of the LA 'Mansion Tax' and what he's looking forward to at this year's ICLV event.

Marketing 161
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5 Big Predictions (And 3 Unknowns) That Will Define the Summer Housing Market

BiggerPockets

The housing market remains volatile, but here's what we think will happen over the next few months.

More Trending

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The Beginner’s Guide to “Infinite Investing” with the BRRRR Method

BiggerPockets

The BRRRR method allows you to buy rental properties faster, smarter, and with far less cash than ever before.

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Luxury unlocked: Master the market with these 8 key steps

Inman

In this must-watch Inman Access class, renowned LA broker Anthony Marguleas reveals essential factors that real estate agents must keep in mind when expanding into the luxury market.

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An update on MLS data technology from company CEO

Valuation Review

REdistribute acting CEO outlines technology platform.

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No. 1 RE/MAX agent pulls back curtain on winning listing presentation

Inman

Jordan Cohen of RE/MAX One spent three decades rising through the ranks and becoming the go-to real estate agent for professional athletes and celebrities alike.

Agents 161
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Everything You Need To Know About Tracking Passive Activity Losses Using Form 8582

BiggerPockets

Accurately tracking your passive activity can help save you money at tax time.

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‘Barely Legal’: EasyKnock exec at war with Strokes bassist over yard

Inman

Julie de Pontbriand of EasyKnock and Nikolai Fraiture of The Strokes have been engaged in a legal battle over a coveted greenspace behind their adjacent properties since 2021.

Legal 148
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Freddie Mac’s Loan Collateral Advisor to alert appraisers to ill-advised language

Valuation Review

Freddie Mac's Loan Collateral Advisor will alert appraisers.

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LocalizeOS

Inman

An innovative AI conversational engine using natural language processing (hunterTM) combined with expert advisory services. This solution can engage an unlimited number of homebuyers with direct 1:1 text messaging, enabling unprecedented opportunities for scale, and leading to conversion rates 4x the NAR average.

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CoreLogic: March U.S. annual home price numbers drop to lowest mark

Valuation Review

CoreLogic releases its Home Price Index for March.

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Real estate investors are still at the table — but fewer are bringing cash

Inman

Smaller real estate investors are stepping into the home market even as the big guns scale back. The result? Fewer all-cash investor offers, according to a Realtor.com analysis of deed records.

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HUD allocates affordable housing funds

Valuation Review

Recently, HUD allocated $382 million through HTF.

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Opendoor for Agents

Inman

With Opendoor, the buying and selling process is simple, certain, and fast — so you can keep your clients moving smoothly through life's biggest transitions.

Agents 155
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Health Risks in Older Homes

Town & Country Residential Appraisals

When purchasing an older home, whether you intend to renovate with the plan to live in it or “flip it”, there are some risks you should familiarize yourself with before you begin. Lead- Lead is often found in the paint, plumbing and the settled dust of an older home. Specifically, homes built prior to 1978 all carry the risk of lead based paint. If you want more information I wrote a blog article on the risks associated with this: [link] The best way to deal with lead issues is to consult with a

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Pandemic boomtown homes sell for $80K less than a year ago

Inman

The median U.S. home sale price fell 4.1 percent or $17,603 year over year to $408,031 between April 2022 and April 2023, according to a new report from Redfin.

Inventory 147
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Veros names new team member

Valuation Review

Veros Real Estate Solutions announces hire.

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Rocket’s new 1% down mortgage also picks up tab for PMI

Inman

Lender estimates a hypothetical buyer putting down $2,500 on a $250,000 home could save $20,500 in private mortgage insurance payments over 7 years.

Mortgage 148
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AI PAREA program receives AQB approval

Valuation Review

AI PAREA program approved by AQB.

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Former radio host for syndicated show pivots to real estate career

Inman

The former radio personality known as "Lady Jade" on "DeDe in the Morning" is starting the next chapter of her career with eXp Realty.

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6 Best Companies Offering STR Loans

Mashvisor

The right apartment value calculator can help determine whether STR loans are necessary to get started on a rental property business or not.

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Who’s winning (and losing) the agent count race? Mike DelPrete

Inman

The real estate industry is changing, driven in part by changes in brokerage affiliation, writes Mike DelPrete. Find out how agent migration patterns can offer significant insight into the future of real estate brokerage growth.

Agents 124
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Rocket rolls out conventional 1% down home loan program

Housing Wire

Rocket Mortgage introduced a new 1% down home loan program aiming to target more than 90 million borrowers. Rocket’s new product comes on the heels of rival United Wholesale Mortgage (UWM) rolling out a similar program. Dubbed ONE+, a buyer using this program who’s purchasing a single-family home, and whose income is equal to or less than 80% of their area median income (AMI), is only required to make a down payment of 1% of the purchase price.

Insurance 407
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Financial services firm Setpoint acquires due diligence startup

Inman

Resolute Diligence Solutions specifically focuses on due diligence for single-family rentals and for residential transition loans and will help Setpoint beef up its technology platform.

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Housing construction looks positive despite recession projections

Housing Wire

Housing demand has shifted more toward the new home market, Fannie Mae ’s Economic and Strategic Research (ESR) Group noted in its May economic outlook. While mortgage rates have pulled back modestly from their highs in early March, ongoing affordability constraints, a lack of inventory for sale, and the ongoing persistence of a “lock-in effect” – where existing homeowners with low mortgage rates are disincentivized to sell their homes – are likely to keep sales subdued for the remainder of the

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April 2023 Massachusetts Housing Report

Lamacchia Realty

April 2023 massachusetts housing report April Highlights MASSACHUSETTS Home Sales Down 28.4% Sales are down 28.4% year over year, with April 2023 at 4,779 compared to 6,670 last April. Sales are down across all categories. Single families: 3,870 (2022) | 2,897 (2023) Condominiums: 2,149 (2022) | 1,500 (2023) Multi-families: 651 (2022) | 382 (2023) Average prices have continued their rise with another year-over-year increase of 0.5%, now at $679,964.

Sellers 63
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HUD names Monocchio assistant secretary for Public and Indian Housing

Housing Wire

The U.S. Department of Housing and Urban Development (HUD) announced on Monday the appointment of Richard J. Monocchio to serve as its new principal deputy assistant secretary (PDAS) for Public and Indian Housing (PIH). Monocchio most recently served as executive director of the Housing Authority of Cook County, a role he served in for 12 years. He began high-profile work in the housing sector as deputy housing commissioner for the city of Chicago under the administration of Mayor Richard M.

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April 2023 New Hampshire Housing Report

Lamacchia Realty

april 2023 new hampshire housing report April Highlights NEW HAMPSHIRE Home Sales Down 25.7% Sales are down 25.7% year over year, with April 2023 at 1,050 compared to 1,414 last April. Sales are down across all categories. Single families: 952 (2022) | 715 (2023) Condominiums: 351 (2022) | 274 (2023) Multi-families: 111 (2022) | 61 (2023) The average price increased by 8.9% when compared to last April , now at $516,224.

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Setpoint acquires Resolute Diligence Solutions

Housing Wire

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said. Resolute Diligence Solutions is a due diligence provider that partners with banks, lenders and originators to ensure each deed, title or lease is verified and reported accurately against financial statements.

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April 2023 Connecticut Housing Report

Lamacchia Realty

April 2023 connecticut housing report April Highlights CONNECTICUT Home Sales Down 30% Sales are down 30% year over year, with April 2023 at 2,372 compared to 3,389 last April. Sales are down across all categories. Single families: 2,570 (2022) | 1,809 (2023) Condominiums: 819 (2022) | 563 (2023) Average prices have increased by 5.7% compared to last year, now at $508,674 from $481,446.