Tue.May 02, 2023

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You can’t buy what’s not for sale in the housing market

Housing Wire

The housing market functions differently than other markets because it can be characterized as a heterogeneous, thinly traded, illiquid market. In other words, it’s a diverse market with a wide variety of different homes of varying ages and levels of repair, and sales happen very rarely. And there’s another thing that separates the housing market from other markets — the buyer is often also the seller.

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Sellers sitting out of the housing market & buyers getting concessions

Sacramento Appraisal Blog

Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. Today I want to show what’s happening with new listings and talk about concessions. I hope this is useful, whether you’re local or not. Scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate A

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Homes for Heroes is making a difference in the lives of Minneapolis Firefighters

Housing Wire

Homes for Heroes (HFH) wants to find a home for every public service worker in Minneapolis, Minnesota. Their efforts to lower housing costs and cover the fees associated with buying a home are available for first responders, teachers, healthcare workers and military personnel. In the 20 years since the organization’s founding, HFH has helped thousands of families save millions of dollars on their home-buying journey.

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Bob Hale: 50 years at HAR, and the pursuit of greatness

Real Estate News

During his five decades as a member of HAR and 35 years as president and CEO, Hale has driven innovation in his organization and the industry at large.

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Go Mortgage names Jessica Manna as chief marketing officer

Housing Wire

Columbus, Ohio-based Go Mortgage has announced the appointment of Jessica Manna as its chief marketing officer. In her new role, Manna will be responsible for overseeing all marketing initiatives and strategies to promote Go Mortgage’s brand further and drive business growth. Manna joins the mortgage lending company with over 20 years of experience in mortgage marketing and branding.

Mortgage 332
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Parkinson’s Principle

The Appraiser Coach

The principle I’m going to share today may not be earth-shattering for you, but it has proven useful for me in my work time and time again.

More Trending

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Home prices up modestly, with bigger gains in the forecast

Real Estate News

CoreLogic’s home price report for March found that prices in the U.S. increased 3.1% annually, though gains (and losses) varied across the country.

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Snapdocs, Finastra LOS integrate to support Trustmark eClosings

Housing Wire

Snapdocs , a leading digital closing platform for the mortgage industry, has announced a new integration with Finastra ‘s Mortgagebot loan origination system (LOS) to support Trustmark ‘s eClose transformation. With this integration, Trustmark’s lenders nationwide can execute closings in a centralized workflow to drive faster closing times, reduce operating costs and enhance the borrower experience. “Our partnership with Snapdocs further validates our work to create a sol

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Shark Tank star’s advice for 'fellow sharks' in real estate

Real Estate News

Daymond John knocked on the right door to grow the FUBU brand and his own career, with a lot of hustle and a little help from LL Cool J.

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Carte Blanche returns to Compass after 3 years with The Agency

Inman

The three-person New York City team is returning to Compass to further expand into luxury markets and take advantage of the company's technology offerings, according to team leader Aaron Seawood.

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'Extremely challenging' market contributed to eXp's mixed results in Q1

Real Estate News

The cloud-based brokerage reported declines in revenue and transactions, but ended the quarter in the black and boosted agent count.

Brokerage 207
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The Agency enters Idaho with new Boise franchise

Inman

Operations at the office, which marks the brokerage's 81st location globally, will be a family affair led by managing partners and couple Mike and Robyn Moir, alongside their daughter and partner Rachel Moir.

Brokerage 149
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CoStar’s Andy Florance takes direct aim at Zillow

Real Estate News

The CoStar CEO said that Homes.com’s ‘Your listing, your lead’ model is better for agents and consumers.

Agents 228
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Supporting Construction Safety with GoFormz Digital Forms

GoForrmz

Prioritize safety without the burden of additional paperwork It’s officially Construction Safety Week, and it’s no secret that OSHA’s updated fine multiplier might be giving construction teams everywhere some additional motivation to keep safety top of mind. While the safety mandates and guidelines haven’t changed, the increased violation penalties put more pressure on businesses to prioritize safety.

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Frank Major, trailblazer who carved path as Bright MLS’s first CTO, dies

Inman

Frank Major was known for his kindness, brilliance and contributions to real estate innovation. "Like many of us, I will greatly miss his friendship," Bright MLS CEO Brian Donnellan said.

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Construction Job Openings Trending Lower

Eyes on Housing

The count of open, unfilled jobs for the overall economy declined again in March, falling to 9.6 million, after an 11.2 million reading in December, which was the highest level since July. The count of open jobs was 12 million a year ago in March 2022. The count of total job openings should continue to fall in 2023 as the.

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Corcoran Group grows presence in NJ with 109-agent franchise

Inman

Corcoran has expanded its presence in New Jersey with the addition of Corcoran Infinity Properties, according to an announcement on Tuesday. Noted luxury real estate broker David Arabia will lead the 109-agent franchise, which operates out of three offices in Alpine, Cresskill and River Vale boroughs in Bergen County.

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FREE Webinar: The Appraisal Foundation Q2 2023 Update

McKissock

On Wednesday, May 17, 2023, McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “The Appraisal Foundation Q2 2023 Update.” Participate in this Q&A session with Lisa Desmarais, Vice President of Appraisal Issues at The Appraisal Foundation (TAF). In this 2nd quarter TAF update, you’ll hear about what has been happening so far in 2023 and what is on the horizon, including proposed requirements for fair housing and valuation bias-related education for all

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ChatGPT: The AI assistant you need for your real estate business

Inman

How will new innovations and technologies change the way agents work? Join Jim Dalrymple II and Kent Czechowski as they unpack everything you need to know in this Inman Access class.

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Should You Make Your Short Term Rental an LLC?

Mashvisor

Do you consider registering your short term rental as LLC? Generally, a short term rental LLC may be beneficial to your overall bottom line.

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EXp Realty posts revenue decline as transactions and sales dip in Q1

Inman

EXp World Holdings tallied a 16 percent decrease in revenue in Q1 as transaction sides and volume at its brokerage, eXp Realty, fell by 10 percent and 20 percent, respectively, according to an earnings call on Tuesday.

Realty 143
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Five Contract Contingencies Home Buyers Should Consider

Will Springer Realtor

Home buyers are consumers. They have safeguards built in to written agreements such as a purchase contract on a home. These buyers also have the right to either add or omit some of those available rights when their real estate broker drafts an offer. These are known as contingencies, or conditions, that require the buyer or seller to take an action or possibly a non-action as part of the overall agreement.

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How to use real estate tax credits to boost your investment returns

Inman

Real estate tax credits are incentives provided by governments and municipalities to encourage investment in certain types of real estate projects. Here's how to take advantage.

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Higher renewal rates: How much stress will they cause in the mortgage market?

Mortgagebroker News

Borrowing costs have surged in recent months. Will borrowers be able to cope on renewal?

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Be prepared for bad news — and learn how to deliver it to clients

Inman

Bad news is just part of the reality for real estate agents. Here's how to deliver it effectively while ensuring clients are properly prepared and educated.

Clients 149
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19, Broke, and No Credit to 28 Units and Over $1 Million in Real Estate

BiggerPockets

Over $1 million in real estate with $0 down—at 19 years old!?

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What should landlords do — or not do — when tenants are late on rent?

Inman

Should investment property owners be lenient with overdue rent payments? When should landlords start the eviction process? Experts share tips on how to deal with delinquent tenants.

Landlords 135
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Doesn’t the listing agent have to show it to me?

San Jose Real Estate

Some Silicon Valley home buyers do not want to have their own buyers agent, but instead expect that they can find properties in the San Jose area that they want to see and request that the listing agent show it to them in a private appointment. These same potential buyers may be surprised that the listing agent may refuse to show them the listing outside of a regularly scheduled open house - that is, if the seller is permitting open houses.

Agents 36
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What’s the worst part about being a landlord? Zillow found out

Inman

More people are becoming landlords. From making repairs to finding reliable tenants, here's what they had to say about maintaining a rental.

Landlords 151
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Converting Residences to Businesses - Part 2 - Medical & Dental Offices

Eppraisal

In the last posting, we considered some of the issues surrounding the use of a residence as a retail establishment. This installment again looks at converting a part of a house for business purposes -- this time as a setting for professional health care practitioners like physicians, psychiatrists and dentists. Historically, dedicating part of the home to a medical office was a common convention among solo practitioners.

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Stricter rules eyed for controversial PACE energy improvement loans

Inman

PACE loans can burden homeowners with higher property tax bills that heighten the risk they'll get behind on their mortgages, federal regulators say.

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Providing clients with a post-retirement cashflow solution with the CHIP Reverse Mortgage

Mortgagebroker News

What to do when your retirement funds lag your retirement costs

Clients 56
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New video explores potential for AI bias in mortgage lending

Inman

Experts participating in BAD INPUT argue technology could expand access to credit, but also perpetuate discriminatory lending unless it is closely overseen.

Lending 119
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Amid US banking turmoil, what's the outlook for Canadian financial institutions?

Mortgagebroker News

Portfolio manager explains why Canadian banks remain stable in turbulent times

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