Housing Wire
FEBRUARY 8, 2024
People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. housing credit looks very different than in 2005, 2006, 2007 or 2008. Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why. Homeowners are not the people we need to be concerned about this time.
Real Estate News
FEBRUARY 8, 2024
30-year mortgage rates have remained in the upper-6% range since December. Will predicted rate drops arrive in time for the spring buying season?
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Housing Wire
FEBRUARY 8, 2024
Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.90% this week, down from 5.94% during the prior week.
Real Estate News
FEBRUARY 8, 2024
New reports from Redfin and Allied Van Lines shed light on the impact that local laws and political divides can have on buying and selling.
Housing Wire
FEBRUARY 8, 2024
E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign had 7,336 employees at the end of 2023. DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a messag
Inman
FEBRUARY 8, 2024
The company plans to advertise during the Super Bowl and other major cultural events in what it describes as the "biggest marketing campaign in real estate history.
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Eyes on Housing
FEBRUARY 8, 2024
Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually unchanged from the previous quarter and holding near its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.7%.
Housing Wire
FEBRUARY 8, 2024
Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, accord
Eyes on Housing
FEBRUARY 8, 2024
The Congressional Budget Office (CBO) released new 30-year population growth projections that include substantial upward revisions to the net immigration rates and slightly lower projected rates of mortality from COVID-19. As a result, the revised population estimates now include an additional 8.9 million people in 2053, a 2.4% increase from its previous forecast.
Housing Wire
FEBRUARY 8, 2024
John “Buz” Gorman, a key figure in financial regulation for nearly 30 years, passed away on Monday following an eight-month battle with glioblastoma, a form of cancer. Throughout his tenure as general counsel for the Conference of State Bank Supervisors (CSBS), Gorman contributed to significant legislative milestones and nurtured the next generation of regulators.
Inman
FEBRUARY 8, 2024
Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital.
Housing Wire
FEBRUARY 8, 2024
This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved
Inman
FEBRUARY 8, 2024
U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR.
Appraiserblogs
FEBRUARY 8, 2024
Shane Lanham, a Maryland appraiser, has found himself in a difficult situation as he is being sued in The United States District Court of Maryland. However, he is not backing down and fully intends to fight these allegations through trial. In addition, he is countersuing the accusers for defamation and seeking $500,000 in damages. Lanham firmly believes that the accusations of racism against him are baseless and he has engaged a consultant with significant experience in handling such cases.
Inman
FEBRUARY 8, 2024
Real estate professionals who handle closings and settlements will be required to report information to the Treasury's Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts.
DW Slater Company
FEBRUARY 8, 2024
We are excited to bring you our newsletter in a new format! We share what is happening in the Dallas-Fort Worth/North Texas area. No doubt, higher mortgages have impacted real estate in the past year. The higher rates decrease buying power for consumers which in turn decreases demand. Although demand has weakened with higher rates, the supply is still low here and prices have not decreased as much as many thought they would.
Inman
FEBRUARY 8, 2024
Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there's optimism for a rebound as spring approaches, fueled by increasing home tours and new listings.
Empire Appraisal Group
FEBRUARY 8, 2024
Getty Images/bgwalker Source: [link] RE Q&A: Can Condo Owners Sell a Parking Spot? By Gary M. Singer One condo owner offered to buy an additional parking spot from their neighbor who had two spots. Is that legal? And if so, is it smart? FORT LAUDERDALE, Fla. – Question : I live in a condominium where every apartment has two assigned parking spots.
Inman
FEBRUARY 8, 2024
Is the path to prosperity in real estate paved by fierce competition, or does the real power lie in collaborative endeavors? Coaches Emily Bossert and Melanie Klein share how teamwork can create optimal outcomes.
BiggerPockets
FEBRUARY 8, 2024
Do you have a cash flow problem? You’re not alone! Dan invests in real estate, has a great W2 job, and maxes out his investment accounts.
Inman
FEBRUARY 8, 2024
Find out why this North Carolina broker says that real estate is as much a hospitality business as a sales and marketing one.
BiggerPockets
FEBRUARY 8, 2024
It’s February, and you know what that means…Groundhog Day!
Inman
FEBRUARY 8, 2024
Building a real estate business is about more than memorizing lists of terms and laws, Jimmy Burgess writes. Find out what it takes to launch smarter.
BiggerPockets
FEBRUARY 8, 2024
The biggest real estate tax deduction is coming back.
Inman
FEBRUARY 8, 2024
The rental market is stabilizing with fewer landlords planning rent increases, according to Realtor.com's latest survey. But the rent slowdown won't significantly ease financial burdens for renters who are struggling to save for a down payment or qualify for a mortgage.
Housing Wire
FEBRUARY 8, 2024
Real estate farming, otherwise known as geo-farming, is a dependable lead generation method that can help to create a steady pipeline of real estate leads and clients in your area. Real estate farming is a slow-burn strategy where consistency and intentionality matter, but when it’s done right, your efforts can yield long-ranging results when guided by a community-first approach.
Inman
FEBRUARY 8, 2024
Slidell-based firm Top Agent Realty is now part of ERA Real Estate. Military veteran Stephen Molero purchased the firm in 2013 and serves consumers throughout Southeastern Louisiana and the Mississippi Gulf Coast.
Mortgagebroker News
FEBRUARY 8, 2024
Residential transactions climb for the second straight month
Inman
FEBRUARY 8, 2024
To achieve extraordinary results, The Agency's Deedee Howard writes, sometimes it pays to ignore conventional wisdom and pursue a more strategic marketing plan.
Mortgagebroker News
FEBRUARY 8, 2024
A less aggressive approach is prevailing, suggests broker
Inman
FEBRUARY 8, 2024
Troy Palmquist profiles luxury team leader Ed Kaminsky, a member of the council of eXp Luxury and founder of SportStar Relocation.
Housing Wire
FEBRUARY 8, 2024
Editor in Chief Sarah Wheeler sat down with Trevor Gauthier , CEO at ACES Quality Management , to talk about the benefits of tech partnerships and how the company is building a moat around their regulatory and compliance business. Sarah Wheeler: How do you think about build versus buy? Trevor Gauthier: For us, it’s actually four-fold. We look at building, purchasing or licensing, partnering and potential acquisition.
Inman
FEBRUARY 8, 2024
Industry experts share their thoughts on the state of the market and tactical solutions to implement in your business.
Mortgagebroker News
FEBRUARY 8, 2024
OSFI chief dismisses fears following recent US banking turmoil
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