Housing Wire
AUGUST 11, 2023
The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a turnaround. “Buoyed by a resilient job market, homeowners are continuing to make their mortgage payments,” Marina Walsh, the MBA’s vice president of industry analysis, said in a statement.
Real Estate News
AUGUST 11, 2023
MLS system provider Rapattoni has been down since midweek, leaving tens of thousands of agents unable to add listings and update information.
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Housing Wire
AUGUST 11, 2023
Nearly one in ten homes in the U.S. are worth at least $1 million dollars, close to all-time-high levels of June 2022, according to a new report from Redfin. Just over 8% of homes are worth $1 million or more, not far off the high of 8.6% in June. This up s wing in home prices comes on the heels of a major dip in February, when only 7.3% hit the $1 million price threshold.
Real Estate News
AUGUST 11, 2023
Two regional studies of home sales found that properties listed on the MLS sold for significantly more than homes sold off-MLS.
Housing Wire
AUGUST 11, 2023
After years of discussion , the U.S. Treasury Department is expected to propose a rule that would effectively end anonymous luxury home purchases in the coming weeks, according to the Financial Crimes Enforcement Network’s ( FinCEN ) regulatory agenda. The rule, which department officials first said they planned to implement in 2021, would require real estate professionals, such as title insurers, to report the identities of beneficial owners buying real estate in cash to FinCEN.
Real Estate News
AUGUST 11, 2023
E&V opens new shops in SW Florida, Atlanta; Caribbean firm joins Christie's; eXp gains 82-agent team; Premier Sotheby's hires managing broker; more.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
AUGUST 11, 2023
The company reported significant year-over-year declines, with revenue taking a nearly 25% hit — but numbers were much improved over Q1.
Housing Wire
AUGUST 11, 2023
AG Mortgage Investment Trust, Inc. entered into a definitive agreement Tuesday to merge with Western Asset Mortgage Capital Corp., beating its competitor Terra Property Trust, Inc. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo, Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.
Inman
AUGUST 11, 2023
Federal investigators are working with MLS software company, and its insurance carriers are negotiating with hackers, who have prevented new data from being input after the Aug. 9 attack.
Housing Wire
AUGUST 11, 2023
New York-based digital lender Better.com will be going public via a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp. nearly two years after Better’s initial timeline to IPO. “At least 65% of the outstanding ordinary shares of the company entitled to vote at this meeting have voted in favor of (the) proposal,” Arnaud Massenet, CEO of Aurora Acquisition Corp, said in a shareholder’s meeting on Friday.
Inman
AUGUST 11, 2023
Don’t believe the lies. You are in the right place, at the right time, and in the exact business that can help you build the life you always dreamed of having, Jimmy Burgess writes.
Eyes on Housing
AUGUST 11, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) edged up 0.2% in July (not seasonally adjusted). Building materials price growth has slowed considerably in 2023 with an average monthly increase of 0.2%–down from 0.7% in 2022 and 1.5% in 2021. Not since prior to the COVID-19 pandemic has.
Inman
AUGUST 11, 2023
The U.S. Treasury Department is poised to enact expanded reporting measures on luxury home sales, putting an end to anonymous purchases that have enabled oligarchs, terrorists and others.
Appraisal Partners Blog
AUGUST 11, 2023
Are Real Estate Agents Qualified to Sell Real Estate? Did you know that just by writing an offer for someone else and telling them when to show up to closing, you could earn giant commission checks? If you represented a buyer on a 1 million dollar property, your commission check would be anywhere between $23,000 […] The post A Discussion on Real Estate Agents: Part 1 appeared first on Appraisal Partners.
Inman
AUGUST 11, 2023
The total worth of homes in the United States hit a record high of $46.8 trillion in June, overtaking the prior all-time high of $46.6 trillion set a year earlier, according to the analysis by Redfin Friday.
JMV Lending
AUGUST 11, 2023
Boing, Boing, Boing, Boing The above subheading is the sound of interest rates bouncing up and down, and today they are way up. This is exactly the type of volatility I predicted in Wednesday’s blog. Rates shot up because of Fed comments about inflation concerns yesterday and because of a higher-than-expected Producer Price Index print […] The post How Much Power Do Appraisers Have Over Market Values?
Inman
AUGUST 11, 2023
The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal.
GoForrmz
AUGUST 11, 2023
Enrich your data collection and processing with the GoFormz and Excel integration Integrating your digital forms with other business applications creates a seamless flow of data across your entire operation in real time. By integrating Excel into GoFormz, users gain the power to optimize their data collection and routing through Automated Workflows while ensuring seamless record-keeping.
Inman
AUGUST 11, 2023
Buyers with doubts need to know they're being heard. A well-oiled process for responding to their objections can help, Bianca D'Alessio and Aaron West said Thursday at Inman Connect Las Vegas.
Appraisal Partners Blog
AUGUST 11, 2023
Housing Market Updated for Brentwood Missouri in August of 2023. Is it a good time to buy or sell a home in Brentwood Missouri?
Inman
AUGUST 11, 2023
If you come from a place of doing good for your buyer clients and being highly aware of the market context, The Agency founder and CEO Mauricio Umansky writes, the results will unfold.
Lamacchia Realty
AUGUST 11, 2023
Darlene Umina has officially qualified for the 2023 Lamacchia Realty President’s Club, and we couldn’t be happier for her! She achieved this by surpassing $16,000,000 in sales volume so far this year – an impressive feat! This is Darlene’s seventh time qualifying, having also made it in 2017 , 2018 , 2019 , 2020 , 2021, and 2022 , as well as President’s Club ELITE in 2021, and 2022 !
Inman
AUGUST 11, 2023
A decade after Brad Inman asked if homebuying could ever be as easy as purchasing coffee, Clelia Peters, Curt Beardsley and David Voorhees assessed the state of the end-to-end transaction at ICLV.
BiggerPockets
AUGUST 11, 2023
New data from Zillow notes a very important statistic about homeownership, but it doesn't end there. Could we be gearing up for another correction?
Inman
AUGUST 11, 2023
The Amazon founder and third-richest person in the world reportedly purchased a three-bedroom property on Indian Creek, a barrier island off Miami.
BiggerPockets
AUGUST 11, 2023
You recently submitted an offer on a house, but you haven’t heard back from the seller. Now what? As an eager rookie investor, the waiting game can be painful.
Inman
AUGUST 11, 2023
Could Clear Cooperation be the problem when it comes to the years-long inventory shortage? Actually, yes, according to industry analysts.
BiggerPockets
AUGUST 11, 2023
The Baby Boomer generation has reached their retirement years, which means a lot of them will be ready for someone to bring them the right offer for their house. Here's how you can get great seller financing terms.
Inman
AUGUST 11, 2023
The 6-year-old digital property management firm scooped up the companies in a bid to boost digital payment workflows and aid tenants in credit building, according to an announcement this week.
Mashvisor
AUGUST 11, 2023
Traditional methods of investing are slowly giving way to new technologies, which are now shaping the future of real estate investing.
Inman
AUGUST 11, 2023
With Inman Top 5, you'll find the most essential stories of the past week, as chosen by our Inman readers.
Mortgagebroker News
AUGUST 11, 2023
The latest BoC increases will prove to be a significant drag on the market, industry board says
Housing Wire
AUGUST 11, 2023
Appraisal modernization is a hot topic right now, but updating the appraisal process is easier said than done. The process today is limited by a number of structural constraints, according to Scott Reuter, Single-Family chief appraiser at Freddie Mac. While the industry as a whole has been adopting new technology , the appraisal process has remained relatively unchanged — right down to the forms used to complete them.
Mortgagebroker News
AUGUST 11, 2023
Opportunities abound for the commercial property sector as it recovers from its pandemic-era doldrums, says Avison Young chief
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