Fri.Jul 07, 2023

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Will labor data send mortgage rates to 8%?

Housing Wire

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. The question is: will the labor data push mortgage rates to 8%? In my 2023 forecast , I wrote that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates betwee

Mortgage 421
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'Threads' is taking off — here's why you should try this Twitter alternative

Real Estate News

Yes, there's a new social media app in town. It might be a fad — or the next big thing — but getting on board now could reap dividends for your business.

Business 258
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Nationwide Property and Appraisal Services acquires Integrity Appraisal Management

Housing Wire

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Appraisal 409
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Hanna’s move to limit listings: Conversation starter or something more?

Real Estate News

The country’s largest independent brokerage recently pulled out of IDX in the Cleveland area, touching off widespread discussion. Will its approach catch on?

Brokerage 219
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Consumers may be coming to terms with elevated rates and high home prices: Fannie Mae

Housing Wire

Consumer confidence in housing may have plateaued, according to the latest home purchase sentiment index (HPSI) by Fannie Mae. The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.4 points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae.

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Buydowns, rate lock fees can be powerful negotiation tools

Real Estate News

In this high-interest rate, low-inventory environment, creative financing tactics can help agents and their clients seal the deal.

Tools 241

More Trending

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Slow job growth could signal an economic shift

Real Estate News

A lackluster June jobs report suggests the Fed’s aggressive fight against inflation may finally be working, which could influence future rate hikes.

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What does the fix-and-flip market look like right now?

Housing Wire

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors. But increasing costs and the banking crisis this year have meant a fall-off in return on investment for flippers, and for those still interested, it can be more difficult to finance a fix-a

Marketing 370
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Americans resigned to high home prices, mortgage rates: Fannie Mae

Inman

Consumer confidence in the housing market "appears to have plateaued at a relatively low level," said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday.

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Job gains slow in June, but are probably still too hot to sway the Fed

Housing Wire

The labor market is moderating gracefully, but conditions remain too hot for the Fed’s liking. Job gains were relatively solid yet again in June, with total nonfarm payroll employment reaching 209,000 jobs, compared to 339,000 in May , according to data released Friday by the Bureau of Labor Statistics. This increase is slightly under the average monthly gain of 341,000 jobs over the past 12 months.

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Is this really who we ‘R’? 

Inman

In the face of new harassment allegations at the highest levels of leadership, where is the outrage? asks speaker and writer Valerie Garcia. Is this who we are as Realtors?

Realtors 164
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FHFA issues notice of potential changes to Suspended Counterparty Program

Housing Wire

The Federal Housing Finance Agency (FHFA) on Friday issued a notice of proposed rulemaking that would amend its Suspended Counterparty Program (SCP) to include additional forms of misconduct as a basis for keeping regulated entities from doing business with organizations found to have committed fraud. “The SCP regulation requires any of FHFA’s regulated entities to submit a report to FHFA if the regulated entity becomes aware that an individual or institution with which it does business has been

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Virginia is for lovers, irked buyers, stubborn sellers and bidding wars

Inman

Despite sales falling by double-digits, agents and brokers in Alexandria, Richmond and Norfolk, Virginia, anticipate a summer of heated bidding wars, tough negotiations and market headwinds.

Sellers 157
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Nationwide Property and Appraisal Services acquires Integrity Appraisal Management

Housing Wire

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Appraisal 370
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5 years after Amazon staked its claim in Virginia, luxury is thriving

Inman

Since Amazon announced its ambitious HQ2 plans in 2018, Arlington's lower-tier luxury market has been ravaged by homebuyers and developers alike — and the rush show no signs of slowing.

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10 Blog Posts to Help You Build Your First Mobile Form

GoForrmz

Originally published on 09/08/2020 Ready to digitize your first mobile form? Here’s a guide to help you get started! Check out these helpful tips and tricks to get started building and optimizing your first mobile form Template : How to Upload Your First Form Getting started with GoFormz is easy and only takes a few steps. Login to GoFormz from your computer and simply upload your first form (PDF or JPG) into the GoFormz Template Editor.

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Mosaik rolls out AI-backed home search as stand-alone product

Inman

Collaborative, AI-backed home search that allows buyers, agents and family members to browse and consider options in unison based on a "wishlist" is now available to enterprise accounts.

Agents 148
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State-Level GDP in the First Quarter of 2023

Eyes on Housing

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2023. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP increased ranged from 12.4 percent in North Dakota to 0.1 percent in Alabama and Rhode Island. Nationwide, growth in real GDP, measured on a seasonally.

Marketing 103
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Fredrik Eklund swaps coasts in move from Los Angeles to Miami

Inman

With the move, Eklund also announced that he and husband Derek Kaplan will be renting out their 5,700-square-foot Beverly Hills home for $50,000 per month. He cited increased business and his children's education as key reasons for their relocation.

Business 148
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Appraiser Countersues Alleged Discrimination

Appraisal Today

Appraiser Countersues Black Plaintiffs Who Alleged Discrimination by Isaac Peck, Publisher WorkingRE There are now a number of lawsuits facing appraisers where the primary allegation is racial discrimination. Tate-Austin v. Janette Miller, filed in California in Dec. 2021, was one of the first (and perhaps the most publicized). But since late 2021, a number of similar lawsuits have popped up—from North Carolina to Maryland.

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Builder hiring ramps up while real estate brokerages keep pace

Inman

Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics.

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Lamacchia Realty Announces Top Producing REALTORS® for June 2023

Lamacchia Realty

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for June 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! June 2023 Winners of the Top 10 for the Company are: Kevin Cormier decided to obtain his real estate sales license several years ago to combine his knowledge of and deep roots in the local Massachusetts area, knowledge of housing markets from years of personally

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Smart, easy Azibo soothes the pain points of owning investment property: Tech Review

Inman

Azibo is a browser app to help property owner-operators who manage anywhere from five to 50 units get a handle on their finances, tenants and portfolio.

Tenants 156
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Rookie Reply: How to Get 100% Financing for ALL of Your Real Estate Deals

BiggerPockets

100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate.

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How we’re using QR codes for high-impact real estate marketing

Inman

Stop sending the same-old, same-old marketing collateral, writes DOORA Creative Director Janet Pozos. Use QR codes to make everything you provide more meaningful.

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New Survey From Opendoor Reveals Interesting Trends—Guess What Groups are Getting Competitive

BiggerPockets

If you’re planning on buying or selling an investment property, having a handle on market conditions is critical. Can you expect a bidding war?

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NAR hunkers down as agents push back: The Download

Inman

This week: As NAR dismisses harassment claims, women in the industry speak up about what they've seen up close and personal.

Agents 148
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How to Buy a Vacation Rental Property

BiggerPockets

Have you ever given thought to possibly purchasing a vacation rental property? If so, have we got the guide for you! Read on to learn how to buy one.

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Threads: First impressions of summer’s hottest social network

Inman

Trainer Rachael Hite shares her first impressions of Meta's latest new social app. Will this kill Twitter? Do you need to add this to your business marketing strategy. We are in a new frontier of digital communication.

Business 120
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Mortgage Interest Rates Reached Highest Level in 2023

Buys Brokers Only LLC

The average rate for a 30-year, fixed-rate mortgage climbed to its highest point this year, reaching levels not seen since last fall, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending July 6, 2023.

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Times names ‘modern farmhouse’ defining residential style of 2020s

Inman

The modern farmhouse, with its black and white exterior, board and batten, and classic interior is the style of the moment. Its rise coincides with a yearning for simpler times.

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Lumber market: What's the latest?

Mortgagebroker News

A cooler housing market and high borrowing costs have had an impact

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Separation, law suits, procrastination: Here’s Inman’s Top 5

Inman

Wondering what you missed? Find out with Inman's Top 5 most-read stories of the week of June 30-July 6, 2023.

Law 113
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Feds announce big investment in Ontario Indigenous shelter project

Mortgagebroker News

The project promises culturally appropriate housing for Indigenous peoples