Appraisal Buzz
MAY 22, 2024
Mortgage application volume increased 1.9% during the week ended May 17, as the average rate for a 30-year- fixed-rate mortgage fell to to 7.01%, down from 7.08% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 7% compared with the previous week and were up 21% compared with the same week one year ago.
Housing Wire
MAY 22, 2024
Fast-growing firm The Real Brokerage is launching a luxury division , according to an announcement on Wednesday. Real Luxury , as the division will be known, will focus on helping luxury agents and teams, as well as their exclusive clients. The firm said that the launch of Real Luxury is in response to the growing number of luxury real estate agents and teams joining Real.
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Appraisal Buzz
MAY 22, 2024
Today, host Hal Humphreys meets with Jeff Allen, President of CubiCasa. Jeff has been an integral part of the valuation industry for a while, and he gets us up to speed on what his experience has involved. There have been a lot of new changes coming to the valuation space. What are some recent changes happening in valuation technology Where is the future of valuation going, and just how long will it take us to get there?
Housing Wire
MAY 22, 2024
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. In this engaging panel session, hear directly from top industry leaders as they discuss their strategic responses to the commission lawsuits. This segment moves beyond mere predictions, offering a real-time look at how businesses are navigating these turbulent times.
Real Estate News
MAY 22, 2024
Comments made by a Department of Veterans Affairs official Tuesday “ensures veterans have the same opportunity as others to compete in a tight housing market.
Housing Wire
MAY 22, 2024
Mortgage fraud risk saw a modest uptick toward the end of 2023, according to CoreLogic ’s latest Mortgage Application Fraud Risk Index , although it remained largely stable on a year-over-year basis. The index reached 127 in Q4 2023, marking a 2.7% increase from the previous quarter, but compared to Q4 2022, the index decreased by 1%. Despite these fluctuations, overall risk levels have remained relatively flat.
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Housing Wire
MAY 22, 2024
According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. That’s not saying all that much. H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year.
Appraisal Buzz
MAY 22, 2024
Tim Whittier has been promoted to president at First Home Mortgage. Whittier first joined First Home Mortgage in 2009. He began his mortgage banking career in 1992 directly out of the University of Maryland. What initially started as just a job where a friend worked has become a lifetime career. Over the years, Whittier has held various positions, including assistant, loan officer, builder manager, branch manager, and regional manager.
Housing Wire
MAY 22, 2024
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Florida Realtors is known for the valuable services they offer members, including a Tech Helpline that is nationwide. Margy Grant will discuss building relationships through trust and transparency, the importance of tailored customer service, determining the needs of the people you serve and delivering top-notch tools to help build
George Dell
MAY 22, 2024
ROV (Reconsideration of Value) is now in the boat. Is it safe? We suspect this will be a long row to get to the chosen island. Just row! It is likely this topic will be the focus of more of our “analog blog” series. To read part one of this series or other blog post […] The post Row Row ROV? Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
MAY 22, 2024
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Join Abby Lee and Kelly Gill for a candid conversation on the dynamic relationship between LOs and real estate agents, with a focus on how marketing strategies can bolster their collaboration.
Real Estate News
MAY 22, 2024
Real launches luxury division; Alabama merger ups United's market share; RE/MAX affiliate adds 3 firms; The Agency opens in Niagara; ERA Carroll expands in WY.
Housing Wire
MAY 22, 2024
Unpaid property tax debts are leading to preventable foreclosures , with the greatest impacts on Black and Latino households and older homeowners living on fixed incomes. But if states take proactive measures to reform policies and disclosures around tax foreclosures, this could go a long way to prevent unnecessary home displacements. This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP.
Real Estate News
MAY 22, 2024
Despite the sluggish pace, inventory is up, which is “nudging the market in a more buyer-friendly direction.
Housing Wire
MAY 22, 2024
Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance. “Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement.
Inman
MAY 22, 2024
Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process.
Housing Wire
MAY 22, 2024
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. The promises of the 2018 housing industry aren’t the promises of today. That hot tech thing or product that you had to have in 2018? Nobody’s talking about that anymore. And more importantly, if you haven’t moved on or committed to contracts that are too rooted in the past, chances are your P&L statement isn’t looking so great.
Inman
MAY 22, 2024
Several months after Kofi Nartey announced his team's move to Real, the brokerage has launched a new luxury division with Nartey serving as executive director.
Housing Wire
MAY 22, 2024
Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. If you’re still saying minority homeownership, you’re already losing. It’s time to take a hard look at the data. Any player who will be worth their weight in the future understands that the MAJORITY of their business will come from Hispanic and Black home shoppers.
Inman
MAY 22, 2024
Statements made by a DOJ attorney during a May 21 status hearing in the Nosalek commission case offer new insights into the Justice Department's impression of the proposed NAR settlement.
Eyes on Housing
MAY 22, 2024
Existing home sales fell for the second straight month in April, after a big monthly drop in March, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the tenth consecutive month of year-over-year median sales price gains. Due to elevated interest.
Inman
MAY 22, 2024
The CEO for Berkshire Hathaway HomeServices Beach Properties of Florida argued at Inman Connect Miami on Wednesday that real estate is like a race — and this moment is similar to a curve.
BiggerPockets
MAY 22, 2024
Some states are better suited for real estate investing than others. Be sure to consider the following factors to help you find the right state for your next investment.
Inman
MAY 22, 2024
"Mauricio, you are a scum bag," Umansky recalled the Frasier actor shouting in a voice message. The Agency CEO shared how he converted Grammer during Inman Connect Miami on Wednesday.
BiggerPockets
MAY 22, 2024
Bigger is not always better, especially when it comes to homes and mortgage payments. High interest rates and soaring house prices have made developers, homeowners, and investors consider going smaller to make big money.
Inman
MAY 22, 2024
The star of "Flip or Flop" talked Tuesday at Inman Connect Miami about how professional hardships, cancer diagnoses and personal hardships paved his road to success.
BiggerPockets
MAY 22, 2024
A few months ago, I had to decide whether to sell my primary residence or turn it into a rental.
Inman
MAY 22, 2024
In real estate, where every detail counts, AI can be the tool that sets you apart, Chris Pollinger writes. ChatGPT's new update allows you to do more than ever before.
Mortgagebroker News
MAY 22, 2024
One in four workers say it's 'OK to break the rules if needed to get the job done': report
Inman
MAY 22, 2024
Homes at the higher end of the market — priced at $1 million or more — enjoyed the spoils with inventory and sales rising by double digits from a year ago, according data released Wednesday by NAR.
BiggerPockets
MAY 22, 2024
Self-managing rental properties doesn't have to be a challenge. We've outlined several resources that can help all DIY landlords be more successful.
Inman
MAY 22, 2024
The Fair Housing Classifier is an open-source tool aimed at helping real estate, technology and civil rights organizations create smarter, fair-housing compliant chatbot and search functions for their websites. The code is available on GitHub.
Mortgagebroker News
MAY 22, 2024
Regulator highlights potential strain as renewals loom
Inman
MAY 22, 2024
With plenty of ideas in the air and very little certainty, we want to know what you think. How will buyers pay for their agents in the future?
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