Housing Wire
MARCH 7, 2024
Buoyed by a rise in home prices , U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023. Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.
Real Estate News
MARCH 7, 2024
Products that just scratch the surface of what AI can do are giving real estate “a bad rap,” but there are ways to go deeper (without getting in too deep).
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Housing Wire
MARCH 7, 2024
The migration surge that characterized the early years of the COVID-19 pandemic has come to an end, according to an analysis from John Burns Research & Consulting. Against a backdrop of constrained housing supply , the pace of migration has slowed compared to 2020 and 2021. But where movement does occur, it tends to be over shorter distances. The allure of affordable cities near major, higher-priced metro areas has gained traction, marking a shift from the suburban exodus observed during the
Real Estate News
MARCH 7, 2024
Rates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.
Housing Wire
MARCH 7, 2024
Sotheby’s International Realty is expanding its footprint in the Golden State. On Thursday, the Anywhere brand announced that Northern California firm Vista Real Estate had joined the Sotheby’s network. The Redding, California-based firm will now operate as Shasta Sotheby’s International Realty. This marks Sotheby’s 111th office in California. “Homebuyers migrate to the Shasta County area to enjoy its world-class outdoor recreational pursuits and scenic views,” Philip White, president and CEO of
Real Estate News
MARCH 7, 2024
Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MARCH 7, 2024
Proposals announced by the Biden administration ahead of the State of the Union earmark billions in tax credits and grants to increase homeownership.
Housing Wire
MARCH 7, 2024
HousingWire Editor in Chief Sarah Wheeler sat down with Paul Hurst , chief innovation officer at First American , to talk about the challenge of attracting and retaining tech talent and how to know if a project has a big enough vision. Sarah Wheeler: How do you think about buy versus build? Paul Hurst: Before I joined First American, I worked with a lot of companies to decide this exact question.
Real Estate News
MARCH 7, 2024
Redfin adds “Ask Redfin” to its iPhone app; eXp Opendoor integration launches; Knock unveils crowdfunding campaign; Zonda acquires BDX.
Housing Wire
MARCH 7, 2024
Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. In a study of 2023 home sales, the real estate analytics company found that homes listed in the first two weeks of June sold for 2.3% more than at other times of the year, equating to an additional $7,700 on the typical U.S. home.
Eyes on Housing
MARCH 7, 2024
Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 1st, total mortgage activity increased 9.7% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 7.02%. The 30-year FRM has risen 22 basis points over the past month as rates remain right around seven percent.
Housing Wire
MARCH 7, 2024
The Federal Reserve and other regulators will be making significant changes to the so-called “Basel III endgame,” Fed Chair Jerome Powell said on Wednesday as he testified before Congress. Powell acknowledged the mounting opposition to Basel III from the banking sector, assuring lawmakers of forthcoming broad revisions to the regulatory framework that is aimed at recalibrating risk assessment methodologies and capital reserves.
Inman
MARCH 7, 2024
Luxury consultant Chris Pollinger walks you through the steps to create a cohesive and integrated marketing strategy that leverages a variety of channels for more effective engagement.
Housing Wire
MARCH 7, 2024
Federal Reserve Chair Jerome Powell indicated in recent congressional testimony that interest rate hikes are now likely at the “ peak for the current tightening cycle ,” after signaling in November of last year that the Fed was close to the end of its war on inflation. For investors in the private-label securities (PLS) market, the earlier signal was enough to unleash a boatload of money that had been sitting on the sidelines waiting for the “peak” to arrive, according to several market expert
Inman
MARCH 7, 2024
Celebrating a decade in operation this year, the cloud-based brokerage saw revenue skyrocket by 89 percent in the fourth quarter and its agent count soar by 66 percent, according to earnings data on Thursday.
Housing Wire
MARCH 7, 2024
The way that the Social Security and Supplemental Security Income (SSI) programs interact is unfair to low-income workers and retirees , and changing the Social Security benefit applied to SSI would “allow low-income older adults to obtain additional income during retirement.” This is according to a new report published by the Brookings Institution.
Inman
MARCH 7, 2024
It’s a transformative time in the industry, Mike DelPrete writes, and now is an opportunity to pause, step back, critically evaluate and use the moment to get smarter.
Housing Wire
MARCH 7, 2024
Proptech company and iBuyer Opendoor is no longer facing the allegations of a copycat commission lawsuit. On Wednesday, Nathaniel Whaley, the sole plaintiff in the Whaley suit , filed a motion to voluntarily dismiss Opendoor without prejudice. The motion noted that the reason for the dismissal was that Opendoor had not yet served an answer or a motion for summary judgment.
Inman
MARCH 7, 2024
California to use lottery system to allocate $220 million in "Dream for All" shared appreciation loans that cover down payments for first-time homebuyers.
Real Estate News
MARCH 7, 2024
The Whaley case had been the only major copycat lawsuit to name the company as a defendant.
Inman
MARCH 7, 2024
Two consumers filed the class-action suit in the Circuit Court of Cook County. Unlike similar cases, the latest seeks to represent buyers and sellers — and only names Baird & Warner as a defendant.
Appraiserblogs
MARCH 7, 2024
Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals.
Inman
MARCH 7, 2024
The prestigious award honors the most creative, innovative and strategic-thinking marketers within the real estate industry for 2024.
Housing Wire
MARCH 7, 2024
Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Sunday, March 4, at age 68. “As we mourn the loss of Steve, we hold tight to the incredible impact he had on agents, our industry, and the fact that his legacy will live on at Keeping Current Matters. Steve’s vision, his principles and his passion for people will always be our compass.
Inman
MARCH 7, 2024
Ready to get busy? Trainer and author Bernice Ross talks to Curaytor co-founder and CEO Jimmy Mackin about the marketing plays that are working right now.
Lamacchia Realty
MARCH 7, 2024
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for February 2024! 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! February 2024 Winners of the Top 10 for the Company are: Cheryl Perry is an experienced real estate agent based in Massachusetts and Rhode Island.
Inman
MARCH 7, 2024
Learn how this Atlanta native became a real estate force to be reckoned with in the wide open spaces of Idaho and Wyoming.
JMV Lending
MARCH 7, 2024
Illegal/Commercial Use Of Residential Property We once financed the purchase of a home that was being used as an office for a large paving and concrete contractor. He had a […] The post Illegal/Commercial Use Of Property Is NOT A Deal Killer As Long As… appeared first on JVM Lending.
Inman
MARCH 7, 2024
If your client is frustrated by a lowball appraisal, even when they've done everything right to get ready for the market, there may be bias at work, Dr. Lee Davenport writes.
Eyes on Housing
MARCH 7, 2024
The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the fourth quarter of 2023 as interest rates increased and financial conditions tightened. However, AD&C loan conditions will improve in 2024 as the Fed begins easing monetary policy. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions.
Inman
MARCH 7, 2024
The peak of the spring homebuying season may have shifted to later in the year, at least in some markets, according to new analysis by Zillow.
Lamacchia Realty
MARCH 7, 2024
We are thrilled to announce that Anthony Lamacchia and Jackie Louh have been recognized as RISMedia Newsmakers for the second year in a row! Anthony was recognized as a Crusader and Jackie as an Achiever! The seventh annual Real Estate Newsmakers showcase by RISMedia shines a spotlight on dynamic figures in the real estate industry who have made substantial impacts on their companies, colleagues, clients, and the overall mission of helping others achieve homeownership.
Inman
MARCH 7, 2024
Venture capital firm Prudence has raised and closed on an $80 million tranche to back early-stage technology companies targeting the built world.
BiggerPockets
MARCH 7, 2024
Did you know that a certain shade of paint can help you sell your home for more?
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