Thu.Feb 16, 2023

article thumbnail

Weaker economy, inflation caused mortgage delinquency uptick in Q4

Housing Wire

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).

Mortgage 417
article thumbnail

J. Lennox Scott is ready to grow: 'This is the start of the next 10-year cycle'

Real Estate News

Scott, chairman and CEO of John L. Scott Real Estate in the Pacific Northwest, said the market is poised to enter a new period of growth.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

LauraMac appoints Rick Seehausen as chief strategy officer

Housing Wire

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I have known and worked with Rick for more than a decade and am delighted that he chose LauraMac to further his transition from leader to strategist,” LauraMac CEO Bob Fulton said in a prepared statement.

article thumbnail

Foreclosures creating ripples, but not waves

Real Estate News

The number of distressed properties remains well below pre-pandemic levels, thanks to a strong job market and federal moratoriums, but they're creeping up.

Marketing 252
article thumbnail

Black Knight to integrate Wolters Kluwer’s eNote and eVault capabilities

Housing Wire

Black Knight will integrate Wolters Kluwer ‘s eNote and eVault capabilities in order to cut lenders’ costs per transaction and secure their clients’ electronically signed assets. The two firms signed an agreement to combine Wolters Kluwer’s eNote and eVault solutions with Expedite Close — Black Knight’s digital closing solution — as the final pieces to connect all the tools lenders need to perform digital closings and complete digital mortgages, Black Knight said Thursday.

Contracts 294
article thumbnail

Mortgage rates move in the wrong direction for would-be buyers

Real Estate News

Interest rates are up for the second week in a row, and signs point to further bumps. This could put a damper on the spring selling season.

Buyers 159

More Trending

article thumbnail

Redfin revenues down 25% but better than expected

Real Estate News

CEO and founder Glenn Kelman said the company is continuing to cut expenses and looking to increase the number of online visitors who hire Redfin agents.

Agents 146
article thumbnail

‘Charge the storm’: What to watch at Keller Williams’ big Family Reunion

Inman

Texas-based franchisor Keller Williams is hosting its annual Family Reunion conference in California Friday through Wednesday. Here are the sessions, speakers and events you can't miss.

Realty 154
article thumbnail

Mixed results for RE/MAX in Q4: Quarterly declines, annual gains

Real Estate News

The company noted that it closed out the year with a relatively small drop in revenue considering the sharp decline in home sales in 2022.

146
146
article thumbnail

Keller Williams launches new franchise in Germany

Inman

Keller Williams has opened its first master franchise in Germany, according to an announcement early Thursday. KW Germany will operate out of Berlin and serve Germany's top seven real estate markets, Keller Williams Worldwide President Bill Soteroff explained.

article thumbnail

Credit for Builders Tightens as Rates Climb

Eyes on Housing

During the fourth quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey.

article thumbnail

Redfin sees revenue fall, losses mount amid tough market in Q4

Inman

The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon.

Brokerage 154
article thumbnail

Two Cheers for an ‘Evolved’ Beltway Entrepreneur… David Bunton

Appraiserblogs

We come not to bury David Bunton, the public figure, but to praise David Bunton, the evolved Beltway organism. Who is David Bunton? Bunton has made a small fortune and canvassed the world at the helm of a 16-employee Washington, D.C., nonprofit that publishes a copyrighted code of conduct. The code gives his tiny fiefdom a big say in how collateral in the nation’s $11 trillion mortgage market is valued.

Appraisal 129
article thumbnail

WeWork hits an earnings milestone in Q4 — but remains deep in the red

Inman

The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in losses, according to Q4 earnings on Thursday.

article thumbnail

Building Materials Prices Increase in January Reversing Four-Month Trend

Eyes on Housing

After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e. building materials) rose 0.9% in January 2023 (not seasonally adjusted) according to the latest PPI report. Price growth of goods inputs to residential construction, including energy, gained 1.4% over the month. Prices have increased 5.1% over the past 12 months.

article thumbnail

A volatile housing market slices at RE/MAX’s Q4 revenues, profits

Inman

RE/MAX Holdings' total revenue decreased 8.9 percent year over year to $81.3 million during the fourth quarter due to diminished broker fee revenue, a 1.9 percent drop in its North American agent count and costs related to increased recruiting incentives. However, the franchisor remains bullish.

article thumbnail

FAQ #7: How Are Non-ANSI Compliant Bedrooms Treated?

Riverfront Appraisals

FAQ 7: How Are Non-ANSI Compliant Bedrooms Treated? This question came to me recently from a Realtor friend of mine. He had just taken a new listing of an older home with one bedroom and bathroom on the main level, and two bedrooms upstairs. The issue, however, was that the upper level didn’t have […] The post FAQ #7: How Are Non-ANSI Compliant Bedrooms Treated?

article thumbnail

Study sounds the alarm on $187B ‘climate housing bubble’

Inman

A study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots.

article thumbnail

Challenges remain for homeowners, buyers despite apparent BoC pause

Mortgagebroker News

Many borrowers are still grappling with mortgage costs that have soared over the last year

Buyers 68
article thumbnail

‘My clients were flabbergasted’: Cool markets heat up ahead of spring

Inman

Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman.

article thumbnail

Becoming An All-Star Real Estate Agent Starts With Your Team

BiggerPockets

The following is an excerpt from SCALE: A Successful Agent’s Guide to Leveling Up Their Real Estate Business by David Greene, real estate agent and host of the BiggerPockets Real Estate […]

article thumbnail

Nearly two-thirds of brokerage sites aren’t displaying commissions

Inman

Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined.

Brokerage 154
article thumbnail

What Investors Must Do To Survive And Thrive In This Market

BiggerPockets

When people consider taking the leap to start investing in real estate, one question always persists: is now the right time to start investing?

article thumbnail

Broker Spotlight: Jerry Pinkas, Jerry Pinkas Real Estate Experts

Inman

Find out how this broker parlayed an early interest in real estate investing into a career as head of one of Myrtle Beach's most popular brokerages.

article thumbnail

Is Canada's housing market about to turn the corner?

Mortgagebroker News

Positive signs have emerged despite January home sales hitting a 14-year low

article thumbnail

Innovation insights, listing luxury properties and adding $1M to your bottom line

Inman

Watch the latest classes with Inman Access to learn from the experts across a wide range of topics to keep you ahead of the competition.

article thumbnail

Is the current jobs market strong enough to sustain the Canadian economy?

Mortgagebroker News

BMO Economics outlines the warring factors impacting GDP growth

article thumbnail

More than ‘support’: How to embrace diversity, equity and inclusion

Inman

Real estate leaders have an important responsibility to help create a world without obstacles to homeownership. Allies who actively engage in and promote diversity, equity and inclusion can help be a force for change.

article thumbnail

Canadian rent rates — What's the latest?

Mortgagebroker News

New report releases rental market figures for January

article thumbnail

How to master real estate investing and avoid mistakes – Real Estate Real Fast EP14

Listing Spark

Episode Summary Julie Daniels subs in for host Aaron Jistel and Rachael Holladay, VP of Lending at Stallion Funding. Julie and Rachael discuss the importance of access to capital and building relationships with lenders. They also talk about the different types of financing available and how to structure a successful real estate investment. About Rachael Holladay Rachael Holladay is the VP of Lending at Stallion Funding, a real estate and hard money lending firm.

article thumbnail

Valcre named CRE Tech Influencer by GlobeSt.com

Valcre

74
article thumbnail

The Hidden Housing Costs Almost Every New Investor Overlooks

BiggerPockets

Your real estate investment’s returns could be ruined by a few hidden costs that you don’t know about.

article thumbnail

Rising Stars 2023 – Entries now open

Mortgagebroker News

Entries are now open for CMP's annual list of Canada's top emerging young industry talent

36
article thumbnail

How to Use Equity in Your Home to Reach Financial Freedom Faster

BiggerPockets

Your home equity could be the secret sauce to earlier retirement.