Housing Wire
SEPTEMBER 26, 2023
After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% compared to July , reaching a seasonally adjusted annual rate of 675,000. On a year-over-year basis, new home sales were up 5.8%.
Real Estate News
SEPTEMBER 26, 2023
Industry heavyweights — and former rivals — Spencer Rascoff and Glenn Kelman addressed some of the toughest issues facing real estate in a lively discussion.
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Housing Wire
SEPTEMBER 26, 2023
After three consecutive months of annual price declines, home prices in July were up 0.98%, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted an increase of 0.6%, while the 10-City posted a 0.8% increase and 20-City Composite a 0.9% increase. “U.S. home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said.
Real Estate News
SEPTEMBER 26, 2023
Prices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.
Housing Wire
SEPTEMBER 26, 2023
Plunk , an AI-powered home analytics platform, has partnered with two real estate industry marketing companies, Union Street Media and Realforce , to scale its real-time data and analytics across multiple digital channels. Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities. The company is partnering with Union Street Media, a leader in business strategy marketing, providing integrated campaigns across web, mobile, voice, search engine o
The Appraiser Coach
SEPTEMBER 26, 2023
People have often seen the relationship between the “good cop” and the “bad cop” in a variety of situations. Does this dichotomy exist in your office? Although the size of.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
The Appraiser Coach
SEPTEMBER 26, 2023
People have often seen the relationship between the “good cop” and the “bad cop” in a variety of situations. Does this dichotomy exist in your office? Although the size of your team as a small business owner may be modest, this tactical approach is not a bad thing to utilize when difficult conversations need to be had. When this occurs, the question is not if, not when, but who.
Housing Wire
SEPTEMBER 26, 2023
To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. And it is putting its new cloud-based Blend Builder platform front and center. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.
Inman
SEPTEMBER 26, 2023
As Re-convene returns to Santa Monica this week, investors nationwide will be following along on Twitter, where an enthusiastic community of investors has leaned into social media in a big way.
Housing Wire
SEPTEMBER 26, 2023
The Federal Housing Finance Agency (FHFA) is moving to consider an amendment to current regulations that restrict Fannie Mae , Freddie Mac and federal home loan banks from purchasing, investing in or dealing in mortgages on properties encumbered by certain types of private transfer fee covenants (PTFCs), according to an entry published in the Federal Register on Tuesday.
Inman
SEPTEMBER 26, 2023
Author and trainer Bernice Ross talks to distressed property expert Rick Sharga about the interest rate lock-in effect, how it's impacting current buyers and sellers, and where the market is headed next.
Housing Wire
SEPTEMBER 26, 2023
Keller Williams New Orleans is getting a major boost. The city’s top agent by both sales volume and transaction sides in 2022 is joining the firm, according to an announcement on Tuesday. Chris Smith, a 20-year industry veteran, is leaving Latter & Blum for Keller Williams New Orleans. Latter & Blum is an independent brokerage based in New Orleans, which serves clients throughout the Gulf Coast, including those in Louisiana , Texas and Mississippi.
Inman
SEPTEMBER 26, 2023
A discrimination lawsuit filed in August by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several Douglas Elliman agents has brought to light misconceptions about agent obligations when it comes to fair housing.
Housing Wire
SEPTEMBER 26, 2023
Quinn & Co. Realty Group joined Compass as its founding team in Madison, Wisconsin , the company announced on Tuesday. The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. The move comes amid a time of growing demand for second homes and low-tax markets, including those in Wisconsin, according to Compass’s mid-year, ultra-luxury report.
Inman
SEPTEMBER 26, 2023
The luxury network's new office in the state of Utah will help provide crucial referrals to clients in feeder markets where Christie's has an existing presence, Inman has learned exclusively.
Housing Wire
SEPTEMBER 26, 2023
Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. “As Mortgage Machine Services continues to pioneer technology for the mortgage industry, we knew we needed a seasoned and innovative thinker like Dan to help us deliver these innovations to the masses
Inman
SEPTEMBER 26, 2023
The Pulitzer Prize-winning real estate writer was a pioneering figure in journalism and was one of the early contributors to Inman's industry coverage.
Housing Wire
SEPTEMBER 26, 2023
Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. It is also turning Acra’s business into a technology-first one, the statement said. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.
Inman
SEPTEMBER 26, 2023
Chris Smith joins Keller Williams from Latter & Blum. The move comes as major real estate brands compete intensely for top talent.
Housing Wire
SEPTEMBER 26, 2023
Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, on a trailing twelve month’s basis, mobility hit its 10-year high in June of 2021 at an index value of 109.4.
Inman
SEPTEMBER 26, 2023
A discrimination lawsuit filed in August by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several Douglas Elliman agents has brought to light misconceptions about agent obligations when it comes to fair housing.
Housing Wire
SEPTEMBER 26, 2023
Dovenmuehle Mortgage , a top mortgage subservicing company, has appointed Robert Howerton as chief information officer to oversee the company’s IT infrastructure, the company announced on Tuesday. His responsibilities will include maintaining and expanding Dovenmuehle’s current information technology (IT) infrastructure. “Today’s tech-driven mortgage environment demands a leader of Robert’s caliber who can balance thoughtful innovation with maintaining a sound, safe and compliant operating envir
Inman
SEPTEMBER 26, 2023
The feature is in beta mode and, upon formal rollout, will allow agents instant access to room dimensions and total square footage by room and floor, according to an announcement Tuesday.
Housing Wire
SEPTEMBER 26, 2023
Before the acquisition by Mr. Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO). The settlement follows Home Point Capital’s decision to sell the origination business to The Loan Store on April 7, 2023, exiting the mortgage lending business entirely.
Inman
SEPTEMBER 26, 2023
While you probably don't want to listen to those spammy sales calls, they can teach you something about what to do, and what not to do, in your business.
Housing Wire
SEPTEMBER 26, 2023
Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago. In June, ACI Worldwide and one of its subsidiaries, ACI Payments, agreed to pay a $25 million civil penalty, without admitting any wrongdoing, for illegally processing $2.3 billion from nearly 500,000 homeowners serviced by Mr.
Inman
SEPTEMBER 26, 2023
U.S. home prices climbed 0.6 percent between June and July and reported an annual increase of 1 percent, erasing earlier declines.
Housing Wire
SEPTEMBER 26, 2023
Less than a month after Compass snagged two top-performing Chicago-based @properties agents, @properties has evened the score in the Windy City. Justin and Aly Tesar are leaving Compass and joining @properties Christie’s International Real Estate in Winnetka, Illinois. The husband-and-wife team have more than 20 years of combined real estate experience.
Inman
SEPTEMBER 26, 2023
Bystanders scream in shock as video shows a massive piece of concrete get knocked onto the sidewalk and street below.
Eyes on Housing
SEPTEMBER 26, 2023
Consumer confidence saw another decline in September as consumers expressed growing concerns about the future, primarily driven by persistent inflation and expectations of higher interest rates lasting for an extended period. The Consumer Confidence Index, reported by the Conference Board, fell 5.7 points from 108.7 to 103.0 in September, the lowest level since May 2023.
Inman
SEPTEMBER 26, 2023
Sales of newly built homes dropped 8.7 percent in August to a seasonally adjusted annual rate of 675,000.
Birmingham Appraisal
SEPTEMBER 26, 2023
Should Outlier Sales Be Used When Pricing a Listing? Pricing a listing is both an art and a science. Real estate professionals use a mix of data analysis, market knowledge, and professional judgment to determine a property’s value or list price. However, in the quest for accuracy and reliability, one common mistake that real estate professionals need to avoid is the undue influence of outlier sales in pricing strategies.
Inman
SEPTEMBER 26, 2023
More investors are maintaining rental properties from far away. Find out how to make that long-distance landlord more manageable.
BiggerPockets
SEPTEMBER 26, 2023
Most people can’t afford to buy property with all cash, so they take out a mortgage. We'll explain what is a mortgage and how to use one.
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