Housing Wire
JULY 5, 2023
There was a viral tweet going around from YouTube housing influencer Nick Gerli. You’ve probably seen it. Gerli cites data from a company called AllTheRooms to make the case that the Airbnb /short-term rental market is “crashing” and it will have a big impact on inventory. Indeed, the chart he shared is alarming. A nearly 50% drop in revenue in some markets!
Real Estate News
JULY 5, 2023
Younger generations are especially motivated by walkability, even if it means paying more, giving up yard space or living in a multifamily dwelling.
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Housing Wire
JULY 5, 2023
Wells Fargo has been sued in U.S. District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. This is according to original reporting by Bloomberg and court documents reviewed by HousingWire. “Wells Fargo forces its employees on the Bilingual team to offer predatory lending options to Spanish-speaking customers,” the initial legal complaint reads.
George Dell
JULY 5, 2023
What!? Universal Valuation Standards? Not possible! This part 6 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.6 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. The ‘possibility’ premise, however, is that all valuations follow the same logic […] The post Move to Universal Standards?
Housing Wire
JULY 5, 2023
The Community Home Lenders of America (CHLA) sent a letter to U.S. Rep. John Rose (R-Tenn.) this week that applauds the introduction of a bill to ban mortgage trigger leads outside of certain situations. The bill, House Resolution (H.R.) 4198, the “Protecting Consumers from Abusive Mortgage Leads Act,” would prohibit trigger leads for mortgages unless one of two criteria are met: either a consumer has given their permission; or “a third party has submitted documentation to such agency cert
Eyes on Housing
JULY 5, 2023
Consumer confidence in June rose to its highest level in 17 months as recession concerns eased. However, spending plans were mixed. Vacation intentions continued to improve, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue this year.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JULY 5, 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past six months and could well define the remainder of 2023.
Housing Wire
JULY 5, 2023
HousingWire Annual is strategically placed in October to bring the greatest minds in housing together. At HW Annual, they will be mapping out their playbooks for the future. The event serves as a starting line for conquering next year. With less than 100 days left until these leaders meet in Austin, Texas at the Hyatt Lost Pines, sign up today to not only optimize your time at the event, but also to take advantage of some of the lowest rates available.
Inman
JULY 5, 2023
Embrace the future, writes Salt Lake City broker Belladonna Riso, and get ready to position yourself as a forward-thinking, tech-savvy expert in the industry with the power of AI.
Housing Wire
JULY 5, 2023
The Federal Trade Commission (FTC) has postponed its administrative hearing on Intercontinental Exchange ‘s (ICE’s) planned acquisition of Black Knight to allow a federal court to rule on its request for a preliminary injunction in the case. The FTC’s administrative hearing will be held on September 25, according to a commission order on June 27.
Inman
JULY 5, 2023
Three leading economists share what's ahead for the summer, from sellers' continued struggles with mortgage rates to the resurgence of bidding wars and the gift of new-home sales.
Housing Wire
JULY 5, 2023
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Vanguards are open until July 28, 2023. Click here to nominate someone from your organization today. The 2023 HW Vanguard awards are now open for nominations! This prestigious award recognizes the c-suite executives making an unmistakable impact on the housing ecosystem.
Inman
JULY 5, 2023
Bonner, an eXp team leader, has been vocal about the need for agents and brokers to consider how they'll serve buyers in a post-lawsuit landscape. She expanded on her concerns with Intel.
Lamacchia Realty
JULY 5, 2023
THE BEST HOME SIDING OPTIONS IN NEW ENGLAND Home Siding and Exterior Maintenance You may already be familiar with the common New England home styles , but how much do you know about exterior siding? Choosing the right siding for your home is a crucial decision, as it not only enhances your property’s curb appeal but also provides protection against this region’s varying weather conditions.
Inman
JULY 5, 2023
If you’re coming out of the spring market and feeling disappointed in your progress, it’s time to get back in touch with your 2023 goals, writes broker Troy Palmquist.
BiggerPockets
JULY 5, 2023
Lamon Woods used an ingenious rental property strategy to go from one house to over one hundred rentals in a small market without using almost any cash.
Inman
JULY 5, 2023
Every client presents an opportunity for repeat business and referrals, writes Jonathan Pressman. How can you ensure you impress them and stand out from the crowd?
Lamacchia Realty
JULY 5, 2023
At the end of June, Anthony Lamacchia was featured in a new interview from RISMedia. During his discussion with senior editor Michael Catarevas, Anthony speaks about how Lamacchia Realty has been able to successfully expand into the Florida real estate market, after primarily focusing on New England. He highlights the recent promotion of Shane Bronson to Regional Vice President of Lamacchia Realty – Florida, and how Shane will be a valuable leader as the company continues to make a splash
Inman
JULY 5, 2023
Relocation and moving services provider Sirva Worldwide Inc. has agreed to sell its stake in Troy, Michigan-based Premia Relocation Mortgage LLC for an undisclosed sum.
BiggerPockets
JULY 5, 2023
Cash transactions are growing as a percentage of sales. What's driving it, and what do you need to do to adjust?
Inman
JULY 5, 2023
After debuting a power buyer program for real estate brokerages in February, zavvie now has power buyer partnerships with 30 mortgage lenders in nine states.
BiggerPockets
JULY 5, 2023
Could banks be facing a crisis as large as 2008? What did this influential banking figure have to say?
Inman
JULY 5, 2023
In anticipation of the July 21 premier of 'Barbie,' Airbnb has listed a real-life DreamHouse for two lucky guests. A Malibu broker estimated closing costs and a sales price for the fabled pink palace.
Mortgagebroker News
JULY 5, 2023
While monthly payments would become more manageable due to extensions, overall mortgage costs will balloon, says Ratehub.
Inman
JULY 5, 2023
Is it price point, square footage or the number of garage bays? What makes a home whisper "luxury" to you and your clients?
Mortgagebroker News
JULY 5, 2023
Those options remain the overwhelming choice of nesto borrowers, says company co-founder
Inman
JULY 5, 2023
Learn how this Palm Beach, Florida, top producer turned her childhood interest in real estate into $1 billion-plus in luxury sales.
Mortgagebroker News
JULY 5, 2023
Lenders are expected to play their part in helping consumers, regulator says
Clear Capital
JULY 5, 2023
9 frequently asked questions about Fannie Mae’s Value Acceptance + Property Data Fannie Mae has launched its new appraisal modernization program, Value Acceptance + Property Data. This appraisal waiver program is a great solution for consumers and lenders alike. It can save the time and cost associated with a traditional appraisal and allow buyers to receive a home loan faster.
Mortgagebroker News
JULY 5, 2023
Relying on notions of the way things once were is no longer possible, says CEO
Listing Spark
JULY 5, 2023
Just over a year ago, homes on the market in Austin were available for only 19 days. Even in 2023, as the market starts to return to normal, many homes across Texas are on the market for less than two months before they find a new owner. Real estate investors who want to stay nimble in this market (especially as inventory stays low and prices stay meteorically high) need to adopt every tool at their disposal to stay informed and to quickly assess homes just entering the marketplace.
Mortgagebroker News
JULY 5, 2023
Digital mortgage technology is now a must for positive client experience
Eppraisal
JULY 5, 2023
In our previous post, we discussed the basics of fixed-rate mortgages, which offer stability and predictability. In this second installment of our three-part series on mortgage loans, we will delve into adjustable-rate mortgages (ARMs). ARMs provide homeowners with flexibility and unique advantages that make them a popular choice for certain borrowers.
Mortgagebroker News
JULY 5, 2023
Home sales were slightly down on a monthly basis
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