Housing Wire
FEBRUARY 21, 2023
High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. “We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If it’s not moving, change the pricing so it does move.
Real Estate News
FEBRUARY 21, 2023
Florance, founder and CEO, made the announcement during a Q4 earnings conference call Tuesday, which also highlighted the company's revenue gains.
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Housing Wire
FEBRUARY 21, 2023
Mutual of Omaha Mortgage (MOM) has acquired the assets of Keller Mortgage – the lending arm of real estate holding company kwx – for an undisclosed amount. Keller Mortgage will be operated as an independent division alongside Mutual of Omaha’s existing forward and reverse mortgage division, MOM said in an e-mailed response. “This transaction brings together two leaders in the mortgage industry, leveraging the strengths of each to provide outstanding products and services to homebuyers fro
Real Estate News
FEBRUARY 21, 2023
Led by co-presidents OB Jacobi, Jill Jacobi Wood and Geoff Wood, the company continues to grow but strives to retain its family-oriented culture.
Housing Wire
FEBRUARY 21, 2023
Existing home sales started 2023 right where they left off at the end of 2022, dropping for the 12 th consecutive month. In January, the seasonally adjusted sales pace for existing homes dropped 0.7% from December to a pace of 4.00 million, according to a report from the National Association of Realtors (NAR) released Tuesday. On a yearly basis, existing home sales were down 36.9% in January.
Real Estate News
FEBRUARY 21, 2023
T3 Sixty's annual report on Organized Real Estate found a 7.6% drop in the number of MLSs and a 3.8% drop among Realtor associations since 2020.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
FEBRUARY 21, 2023
I’ve recently been looking into real estate as an investor, and I found a rental property relatively close to my home that looked pretty promising. It was advertised as a.
Housing Wire
FEBRUARY 21, 2023
Finance of America Companies (FOA) has entered into an agreement to sell the operational assets of its Finance of America Commercial vertical to Roc Capital Holdings LLC. The deal will offload an FoA subsidiary division that offers residential real estate investment loans. Roc Capital is expected to pay FOA an “aggregate purchase price” over a three-year period, which will be based on the purchased asset performance and will not exceed $30 million, according to an 8K form reviewed by
Real Estate News
FEBRUARY 21, 2023
Sales of existing homes fell again in January, but the slower rate of declines suggests the market is "bottoming out.
Housing Wire
FEBRUARY 21, 2023
California lender New American Funding has promoted Patty Arvielo to CEO, becoming co-CEOs with her husband Rick. Christy Bunce will succeed Arvielo as president. “Patty Arvielo had served as president of the company before being elevated to the co-CEO position but in effect has always conducted herself as co-CEO for NAF because of her and Rick’s amazing partnership in building and running NAF from a high level,” the company said in an e-mailed response when asked how her role would change with
Sacramento Appraisal Blog
FEBRUARY 21, 2023
The housing market is definitely heating up for the spring, but it still feels frozen with so many buyers and sellers sitting right now. I recently talked about sellers sitting out of the market, but today let’s look at buyers. UPCOMING (PUBLIC) SPEAKING GIGS: 3/06/23 Matt the Mortgage Guy YouTube Live 3pm PST 3/09/23 Matt Gouge Event […] The post The housing market is heating up & still frozen first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
Housing Wire
FEBRUARY 21, 2023
Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. Instead, Farner recounted in an interview with tech outlet Protocol , they would do mortgages by telephone.
Inman
FEBRUARY 21, 2023
Even though the extreme seller's market is in the rearview mirror, disgruntled clients have been filing more lawsuits against their agents, according to an analysis by Victor Insurance Managers.
Appraiserblogs
FEBRUARY 21, 2023
Under-valuations that more accurately reflect the homes’ “true” value as opposed to the contract price will also alert the buyer, not just the lender, that he or she may be over-paying, which often triggers a renegotiation… when the seller and buyer settle on a new price after the appraisal, the new lower price reduces credit risk, costs to the borrower, and ultimately results in greater wealth for the buyer.
Inman
FEBRUARY 21, 2023
The company's revenue jumped 13 percent year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar's push into residential real estate.
Eyes on Housing
FEBRUARY 21, 2023
As elevated mortgage rates and tight inventory continue to weaken housing demand, the volume of existing home sales declined for a twelfth consecutive month as of January, according to the National Association of Realtors (NAR). This is the longest run of declines since 1999. While mortgage rates have stabilized in January, they are likely to see a rise in the.
Inman
FEBRUARY 21, 2023
Whether you’re looking for inspiration to get out there and conquer your day or looking to improve your real estate content on TikTok, here are some of the best real estate-related follows on the platform.
Lamacchia Realty
FEBRUARY 21, 2023
What exactly is a Zestimate? “The Zestimate® home valuation model is Zillow’s estimate of a home’s market value. A Zestimate incorporates public, MLS and user-submitted data into Zillow’s proprietary formula, also taking into account home facts, location and market trends. It is not an appraisal and can’t be used in place of an appraisal.” -via Zillow.com Are Zestimate’s Worth Looking At?
Inman
FEBRUARY 21, 2023
After nearly five years away from Keller Williams, Florida-based indie brokerage Laurie Finkelstein Reader Real Estate has rejoined the Texas franchisor. Finkelstein Reader initially joined Keller Williams in 2011 as the leader of the Laurie Finkelstein Reader Real Estate Team. Her team served buyers and sellers in Broward County, Florida.
Will Springer Realtor
FEBRUARY 21, 2023
Buying a home is unlike any other purchase. There are exacting requirements that should be precisely timed. Like a well-choreographed dance, consumers should be prepared to step around obstacles and move both painstakingly slowly and quickly all within days. One or two false moves and your Fred Astaire shimmy can quickly become more like the Fred Flintstone Flop.
Inman
FEBRUARY 21, 2023
Buying Realtor.com was viewed as a potential way for CoStar to take on Zillow. But CoStar CEO Andy Florance said Tuesday that his company would instead focus on its Homes.com business.
BiggerPockets
FEBRUARY 21, 2023
The popularity of manufactured (mobile) homes has been on the rise over the past several years, spurred partly by highly competitive traditional housing markets, overall interest in smaller homes, and the search for more […]
Inman
FEBRUARY 21, 2023
Mark Wahlberg and his wife, Rhea Durham, initially listed the 30,500-square-foot property for $87.5 million in April 2022 but dropped the ask by $8 million after it sat on the market for several months.
BiggerPockets
FEBRUARY 21, 2023
Offer accepted! Now what? As a rookie real estate investor, it can be anxiety-inducing to hear that a seller accepts your house offer.
Inman
FEBRUARY 21, 2023
Now is the time to take constructive action that can impact the trajectory of your whole year. Do these three things to successfully set the tone for this year’s unique market conditions.
Mortgagebroker News
FEBRUARY 21, 2023
The Bank of Canada expects 2023 to see significant movement on annual price growth
Inman
FEBRUARY 21, 2023
The federal voucher program has fallen far short of its goals, according to strategy expert David Piscatelli. By making minor adjustments to federal policy, an entirely new generation of children can enhance their chance to achieve better health and greater economic mobility.
Mortgagebroker News
FEBRUARY 21, 2023
Could the news see the Bank of Canada hit pause on rate hikes?
Inman
FEBRUARY 21, 2023
The state's population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents' primary reason for departure.
Mortgagebroker News
FEBRUARY 21, 2023
BMO Economics highlights advantages of pandemic-era savings
Inman
FEBRUARY 21, 2023
The Chicago-based team has exceeded $50 million in sales volume since 2021 while still at Berkshire Hathaway HomeServices, Compass told Inman exclusively.
Eppraisal
FEBRUARY 21, 2023
It is no secret that consumer prices have gone up and we have been experiencing a high inflation rate in the United States. You may be using your savings to keep up with higher gas prices, food prices, consumer products prices and consumer service prices. The good news is that home values have also gone up. If you are a homeowner and need extra money for larger expenses, you may have an option available to you.
Mortgagebroker News
FEBRUARY 21, 2023
Panel explores state of the professions during recent turbulent times
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