Housing Wire

NOVEMBER 8, 2023

While the last months of the year can be a hectic time in your professional and personal life, it’s also the ideal time to make strategic money moves for a more prosperous New Year. Here’s a financial checklist that real estate agents and mortgage professionals should complete before the end of the year for more success and financial security in 2024. 7 money moves for a prosperous New Year Use these seven tips to save money, get additional tax benefits and make the most of your ins

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Sacramento Appraisal Blog

NOVEMBER 8, 2023

What’s going to happen to the housing market with a presidential election year coming? There are so many ideas. I’ve heard stuff like, “Rates usually go down during a presidential year,” or “The market is likely going to be stronger because one party is trying to stay in power.” But are these things really true? […] The post The housing market during a presidential election year first appeared on Sacramento Appraisal Blog.

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Housing Wire

NOVEMBER 8, 2023

Mortgage applications picked up for the first time in four weeks as mortgage rates dropped by 25 basis points, to 7.61%. The Fed’s rate hike pause, combined with a softer October jobs report and the U.S Treasury’s issuance update, paved the way for rates to come down. For the week ending Nov. 3, total home loan applications increased 2.5% compared to the week prior , according to weekly mortgage application data from the Mortgage Bankers Association (MBA).

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George Dell

NOVEMBER 8, 2023

Market value or comparable value? What does that mean? It means we form market value opinions. Specifically, credible market value opinions. Credible in this case must mean more than merely “…worthy of belief…” since USPAP contains no indication of who’s belief we seek. It means, therefore, worthy of the market’s belief since the market is […] The post Market Value Or Comparable Value?

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Housing Wire

NOVEMBER 8, 2023

As multiple listing services look to navigate potential changes to cooperative compensation following the verdict in the Sitzer/Burnett commission lawsuit trial, some MLSs have preemptively changed their policies. Though these policies have been put in place to avoid future antitrust lawsuits, legal experts who spoke to HousingWire said they might not be enough.

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Real Estate News

NOVEMBER 8, 2023

During the company's recent earnings call, CEO Glenn Sanford was asked about ongoing litigation that claims eXp ignored a pattern of sexual misconduct.

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Inman

NOVEMBER 8, 2023

In recognition of the entrepreneurs, venture capitalists and visionaries pushing real estate forward, the "Best of Proptech" honors cap the yearlong expansion of Inman's awards program.

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Housing Wire

NOVEMBER 8, 2023

The Missouri judge who oversaw the landmark Sitzer/Burnett real estate commission lawsuit will also preside over the Gibson lawsuit brought by Michael Ketchmark, who represented the plaintiffs in Sitzer/Burnett. The class action-seeking Gibson case was assigned to Judge Stephen Bough, whose forthcoming injunctive relief ruling in the Sitzer/Burnett case is keeping the real estate industry rapt.

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Inman

NOVEMBER 8, 2023

While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms.

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Housing Wire

NOVEMBER 8, 2023

“Significant untapped growth potential,” touts a slide in an Offerpad Solutions Inc. presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations.

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Inman

NOVEMBER 8, 2023

CEO Carrie Wheeler told Intel that Opendoor wants to purchase 2,000-plus homes per month and that the company is leaning into partnerships like the ones it has with Zillow and eXp.

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Housing Wire

NOVEMBER 8, 2023

California lender Guild M o rtgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory. The purchase-focused lender with a distributed retail model emphasized its growth strategy of gaining purchase market share through acquisitions and bringing on high-performing originators as the industry continues to see muted demand for mortgages.

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Inman

NOVEMBER 8, 2023

"Batton 2," exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another new suit called Gibson.

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Housing Wire

NOVEMBER 8, 2023

The National Association of Realtors (NAR) on Wednesday unveiled its state flood disclosure tracker tool , aiming to offer clarity and access to survey existing state disclosure requirements for flood insurance. Working in conjunction with the Legal Research Center , the tool is meant “to educate the public and Congress as it considers the Federal Emergency Management Administration ’s (FEMA) legislative proposals to reform the National Flood Insurance Program (NFIP), including the unneces

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Inman

NOVEMBER 8, 2023

A majority of potential buyers say they're open to paying their agents in the wake of legal threats to commissions, according to results from a joint survey conducted by Inman with Dig Insights.

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Housing Wire

NOVEMBER 8, 2023

Polly , a software-as-service mortgage tech firm, announced a bi-directional integration with MeridianLink , a loan origination software system provider, on Tuesday. The partnership enables lenders to access Polly’s products directly from the MeridianLink environment. Loan officers will be able to add MeridianLink Mortgage loan pipeline data directly into Polly’s product and pricing engine in real time, and vice versa.

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Inman

NOVEMBER 8, 2023

With headwinds in sight for 2024, LoanDepot plans to slash $120 million in annual expenses following three consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon.

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Housing Wire

NOVEMBER 8, 2023

Property services provider SingleSource Property Solutions has launched a new data collection solution for appraisal supported by SingleVue, its new mobile app, the company announced on Tuesday. This new suite of products will be of service to lenders for the Fannie Mae value acceptance + property data initiative. With these tools, lenders are poised to see “shorter loan cycle times, lower consumer costs, and an improved borrower experience,” the company said in a statement.

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Inman

NOVEMBER 8, 2023

Purchase mortgage applications trended up last week for the first time in nearly a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders.

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Housing Wire

NOVEMBER 8, 2023

Is the U.S. headed for another housing bubble crash? With home prices at all-time highs and concern that the labor market will break going into a recessionary period, is another 2008-style crash a possibility? The answer is no, and for that, we must thank the 2010 qualified mortgage (QM) rule, which has high standards for borrower credit scores and the ability to repay the loan.

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Inman

NOVEMBER 8, 2023

According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever.

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Housing Wire

NOVEMBER 8, 2023

UWM Holdings Corporation , the parent of United Wholesale Mortgage (UWM), produced lower mortgage origination volume in the third quarter of 2023 than the previous quarter – and more declines are expected to come. But volumes in Q3 came in at higher margins, close to the levels seen prior to the company’s Game-on pricing initiative that squeezed competitors out of the wholesale space.

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Eyes on Housing

NOVEMBER 8, 2023

Consumer credit outstanding growth slowed to 0.4% in the third quarter of 2023 (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report, as revolving debt grew 8.6% and nonrevolving debt declined 2.4%. On a monthly basis, revolving credit outstanding increased just 3.0% in September after surging 14.6% in August (SAAR). Total consumer credit outstanding stands at $4.98 trillion.

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Inman

NOVEMBER 8, 2023

Welcome Homes, a hybrid homebuilder and proptech company, announced its new "Make-an-Offer" module and an artificial intelligence-backed land analysis report on Wednesday.

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Eyes on Housing

NOVEMBER 8, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending November 3rd, total mortgage activity increased 2.5% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell 25 basis points to 7.61%. The FRM rate has decreased by 6 basis points over the past month but has hovered between 7.5% and 8.0% for six consecutive weeks.

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Inman

NOVEMBER 8, 2023

In a five-minute video posted online Wednesday, NAR President Tracy Kasper urged Realtors to be transparent about commission negotiations as NAR gears up for a long legal battle ahead.

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GoForrmz

NOVEMBER 8, 2023

Join the GoFormz team for a live walkthrough of the latest features and ask any questions directly to the team. Live on November 16th, 2023, at 11:00 AM PT / 2:00 PM ET, the GoFormz team is happy to share with you all the latest updates to the GoFormz platform. Kelsey Griswold, VP of Product at GoFormz, and GoFormz Marketing Manager, Victoria Horn, will walk you through all the latest features in the GoFormz platform, including: Improved Mobile App experience Page Elements (Adding basic design e

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Inman

NOVEMBER 8, 2023

The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region.

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BiggerPockets

NOVEMBER 8, 2023

You’ve seen Barbara Corcoran on Shark Tank, heard of her unbelievable real estate deals that make millions of dollars, and might own a product or two that she’s invested in.

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Inman

NOVEMBER 8, 2023

With the coming appeal, writes team leader Carl Medford, it will be some time before the final verdict is reached. However, there are four key realities that you can expect to see in the days that lie ahead.

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Kairos Appraisal Services

NOVEMBER 8, 2023

When selling your home or buying a house, the appraisal and inspection are critical steps in the process. As they both involve a professional conducting an onsite examination of the property, it’s easy to confuse the two. However, there are key differences between a home appraisal and a home inspection. Is a Home Inspection the… The post Home Appraisal vs.

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Inman

NOVEMBER 8, 2023

The New York-based brokerage reported consolidated revenues of $251.5 million in Q3, a drop from the third quarter of 2022 when it tallied $272.6 million in revenue, according to an earnings call Wednesday.

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BiggerPockets

NOVEMBER 8, 2023

The NAR ruling could change a lot about the real estate process, especially for investors. Here's what you need to know.

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Inman

NOVEMBER 8, 2023

Instagram expert Michelle Berman-Mikel teaches you to actively prospect and convert your Instagram connections into buyers and sellers who only want to work with you.

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