Housing Wire
MAY 9, 2023
Independent mortgage banks have been coping with a still-surging wave of loan-repurchase requests from Fannie Mae and Freddie Mac that represents yet another threat to lenders’ already stretched balance sheets. Much of the problem stems from the huge volume of low-rate loans originated in 2020 and 2021 at a time when the industry was continuously working to build capacity to deal with the explosive origination growth.
Sacramento Appraisal Blog
MAY 9, 2023
The housing market went from an ice bath to a bloodbath. That’s a good way to describe it as the contrast between the dull fall season and the spring has been striking. In today’s post I want to highlight national vs local stats, a dead cat bounce, and dive deeply into local trends. I hope […] The post The housing market went from an ice bath to a bloodbath first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Housing Wire
MAY 9, 2023
California-based lender loanDepot was in the red again in the first quarter of 2023. However, margins and revenues improved in the period, according to documents filed with the Securities and Exchange Commission on Tuesday. The lender recorded a loss of $60.2 million in non-GAAP adjusted net income from January to March, compared to a negative $110.7 million in the previous quarter.
Real Estate News
MAY 9, 2023
With the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.
Housing Wire
MAY 9, 2023
National Mortgage Insurance Corporation (National MI) announced on Tuesday its integration with Vesta , a loan origination system (LOS) provider and software-as-a-service company. The technology integration enables lenders to obtain price quotes and order National MI’s real-time, risk-based mortgage insurance through its Rate GPS tool instantly without leaving the Vesta LOS platform. “We are delighted to partner with Vesta to make ordering MI through our Rate GPS tool as easy as poss
The Appraiser Coach
MAY 9, 2023
Averages rule the universe. You may be more familiar with this statement as the law of averages. Let me give you an example as a.
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Real Estate News
MAY 9, 2023
Is it possible to create an end-to-end buying and selling solution? Should we give iBuying a second look? Tech leaders discuss these questions and more.
Housing Wire
MAY 9, 2023
Appraisal management software company Reggora announced this week the launch of its Appraisal Marketplace, which leverages data managed by the company in an effort to improve appraisal performance. Since most appraisal orders are sent either to an individual appraiser or appraisal management company (AMC), orders are traditionally then issued to an appraiser based on location and performance history.
Real Estate News
MAY 9, 2023
NAR’s latest quarterly home sales report found that most markets are still seeing annual price increases, with the biggest gains in the Midwest and Southeast.
Inman
MAY 9, 2023
The National Association of Realtors' Board of Directors will vote Thursday on requiring its 1.5 million members to complete two hours of fair housing training every three years beginning in 2025.
Eyes on Housing
MAY 9, 2023
According to the latest May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $54,540 and the top 25% make at least $77,030. In comparison, the U.S. median wage is $46,310, while the top quartile (top 25%) makes at.
Inman
MAY 9, 2023
At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024.
Eyes on Housing
MAY 9, 2023
The NAHB’s Remodeling Market Index (RMI) survey has asked questions about Aging-in-Place (AIP) periodically, beginning in 2004. According to results from the Q1 2023 survey, 63 percent of professional remodelers undertake projects designed to allow homeowners to Age-in-Place, down from 77 percent in Q4 2018. This is the lowest percentage since the Q2 2006 survey (60 percent).
Inman
MAY 9, 2023
For now, a seasonal surge in home activity has arrested falling prices in most U.S. markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors.
BiggerPockets
MAY 9, 2023
Buying your first long-term rental property sight unseen? What could go wrong? While alarms might be going off in your head right now, they weren’t for today’s guest.
Inman
MAY 9, 2023
On a quarterly earnings call Tuesday, Matterport told shareholders, analysts and media attendees that total revenue for the first quarter of 2023 was $38 million, a 33 percent increase from quarter one last year.
BiggerPockets
MAY 9, 2023
Commerical real estate vacancies are surging, and it looks like it can only get worse from here. What does this mean for the market?
Inman
MAY 9, 2023
The Fox News founder paid nearly 20 percent — or $5.2 million — above the $30 million asking price on the 6,500-square-foot Hampshire House unit he he bought in February, according to disclosures.
Lamacchia Realty
MAY 9, 2023
HOW MUCH MONEY DO I NEED TO PURCHASE A HOME? One of the most common questions that we are asked is how much money a prospective home buyer needs to have on hand before buying a home. The actual down payment can vary anywhere from 3% down up to 20% or more depending on what program or type of mortgage loan the buyer chooses. Here we take a closer look at what you as a buyer should expect when you go through the process of buying a home.
Inman
MAY 9, 2023
An ineffective screening process can fail to block a potential threat to an investment property, experts told Inman. Here's a few more screening tips landlords might want to consider.
Hank Miller Team
MAY 9, 2023
Moving out of a home can be an emotional experience. When a seller develops a fondness for certain things defined as real estate fixtures, things can get sticky. Maybe they love the special features like the glass kitchen cabinet doors, custom lighting fixtures, high tech thermostats or even a favorite miniature Japanese Maple tree. Traditionally, these items remain in the home for the next owner to appreciate.
Inman
MAY 9, 2023
The short-term rental platform has doubled in size since the start of the pandemic as the number of rentable homes increased by 18 percent from last year, according to earnings data released Tuesday.
Mortgagebroker News
MAY 9, 2023
Jobs growth in Canada continues at a rapid pace despite the Bank of Canada’s efforts to cool the economy
Inman
MAY 9, 2023
The brokerage brought in a total of $957 million in revenue and lost $150 million. The results are something of a repeat from the fourth quarter of 2022.
Eppraisal
MAY 9, 2023
It's Spring again and for those planning a move during the season, selling your home can be a stressful process. However, carefully preparing your home for sale can make all the difference in getting a good price and a quick sale. Here are some tips for getting your home ready to sell. Clean and declutter The first step in preparing your home for sale is to give it a deep clean.
Inman
MAY 9, 2023
The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning.
Mortgagebroker News
MAY 9, 2023
There's an 'open risk' of another increase, according to the banking giant
Inman
MAY 9, 2023
In March 2022, the brokerage made its first foray into the Midwest with a location in Birmingham, Michigan. Managing Partner Traci Garontakos is leading The Agency Indianapolis.
Mortgagebroker News
MAY 9, 2023
This factor accounts for approximately 12% of commercial real estate portfolios at the Big Six banks
Inman
MAY 9, 2023
A prominent figure in Southern California real estate for three decades, Romero will help lead Realty One Group's continued expansion.
Mortgagebroker News
MAY 9, 2023
Supply challenges persist, but some positive market signs are now apparent, report says
Inman
MAY 9, 2023
Sixty thousand South Florida agents and brokers will be able to provide buyers and sellers with self-branded online homeowner portals, the Miami Association of Realtors announced Tuesday.
Buys Brokers Only LLC
MAY 9, 2023
When purchasing a home in Massachusetts, title insurance is one of the many expenses buyers are likely to incur at closing.
Inman
MAY 9, 2023
While the mortgage industry has been shrinking, Blend says it has been building its market share, processing 23.2 percent of mortgages originated in H2 2022.
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