Fri.Mar 17, 2023

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Mom-and-pop landlords stepping in as ‘mega-investors’ retreat from single-family market

Housing Wire

Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic.

Landlords 307
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NAHB 2023 “Priced Out” Estimates – State and Local Estimates

Eyes on Housing

NAHB recently released its 2023 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 96.5

Mortgage 169
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Sterling Bancorp will plead guilty in securities fraud case

Housing Wire

The U.S. Department of Justice ( DOJ ) announced this week that it has secured a commitment from Southfield, Michigan-based Sterling Bancorp, Inc.

Legal 299
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We Need a Lobbyist

Appraiserblogs

Who is going to organize raising the funds and hiring the lobbyist? We are woefully behind the curve here. Myself and many others were organized in the early 1990s and managed to protect the appraisers’ interests for the most part at that time.

Training 110
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Mortgage AI firm Candor conducts layoffs

Housing Wire

Candor Technology Inc. , a mortgage artificial intelligence firm focused on automated mortgage underwriting decisions, has conducted layoffs as lenders rush to cut costs.

Mortgage 274
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Beagel’s custom offer management is more than it promises: Tech Review

Inman

Agents 153

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‘All strapped in’: Luxury clients face whiplash as banking fallout unfolds

Inman

The sudden change in the global banking landscape has left luxury real estate clients hanging out "in the parking lot," Kofi Nartey said, as they wait to see where the remaining chips will fall.

Clients 151
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Valcre achieves major milestone with SOC 2

Valcre

Independent audit confirms Valcre’s best-in-industry security standards with SOC 2 certification

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Even after layoffs, 3 in 4 mortgage lenders lost money in Q4 2022

Inman

Lenders lost $2,812 per loan as business dropped off faster than they could trim expenses and production costs hit a record-high $12,450 per loan, a Mortgage Bankers Association survey found.

Business 144
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What is the Difference Between Assessed Value and Market Value?

Lamacchia Realty

WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property.

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QUIZ: Test your real estate marketing IQ

Inman

Are you a real estate know-it-all? Just a big trivia buff? Take Inman's real estate marketing quiz. Test your knowledge to see if you're on the right track or if you need to study up.

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How to Become a Supervisory Appraiser

McKissock

As an experienced appraiser, there are many reasons you may decide to take on a trainee. You might be looking to grow your business, delegate tasks (e.g., property inspections), or prepare for retirement.

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SVB, CB, DOJ: Inman’s Top 5 stories of the week March 10-16, 2023

Inman

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for March 10-16, 2023. Industry News Select Service Inman top 5 top 5

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Finding success as a young immigrant in Canada's mortgage industry

Mortgagebroker News

Having relocated to Canada from Iran, a new agent making waves tells CMP her story

Agents 66
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How that ‘Distracted Boyfriend’ meme could end up costing you

Inman

Sharing the latest funny photo is an almost irresistible impulse. However, if it crosses the line into marketing, you could be setting yourself up for financial consequences.

Agents 127
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Could Banking Failures Actually Mean Good News For Multifamily Investors?

BiggerPockets

I know what you’re thinking. This guy is trying to stretch the SVB headlines into a multifamily real estate investing story. It must be clickbait. I get it. But I […] Opinion Multifamily Real Estate Investing

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Real Matters hires new chief financial officer as revenue dwindles

Inman

Executives with the Canadian real estate tech company said its U.S. expansion plan and ambitious goals to grow its appraisal and title insurance market share are still in place.

Marketing 125
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RBC: Canadians' debt servicing woes might worsen

Mortgagebroker News

Banking giant warns of the delayed impact of higher interest rates

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The 5 best outdoor smart-tech home upgrades

Inman

The days are getting longer, and many of us are looking forward to spending more time outside. Here are five favorite smart outdoor updates. Agent Columns Lifestyle Opinion Select Service Technology Video brandon doyle outdoor tech smart home

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What factors will influence the BoC rate down the line?

Mortgagebroker News

CIBC outlines possibilities for the latter part of the year

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Real estate industry reacts to the SVB meltdown: The Real Word

Inman

This week, Byron Lazine and Nicole White discuss Brad Inman's view on the Silicon Valley Bank collapse, Plunk's impact on the real estate industry and Elon Musk's future Texas fiefdom.

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Report: BC commercial market had a roaring 2022

Mortgagebroker News

Avison Young highlights region's sustained commercial sector strength

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That’s such a turnoff! 7 major marketing mistakes agents make

Inman

Marketing that repulses the intended audience is much worse than marketing with no redeeming qualities, writes Laura Viñalet. Your marketing should be strategic, purposeful and professional. Here are seven major marketing turnoffs that you should avoid.

Agents 111
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The Current State of The Homebuilding Industry

Eppraisal

The last few years took a toll on many sectors of the U.S. economy, home building prominent among them.

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New mortgage fee won’t debut until after spring homebuying season

Inman

Industry groups continue to object to a new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and consumers. Mortgage Regulations Select Bob Broeksmit CHLA Community Home Lenders of America debt-to-income ratio dti fannie mae Federal Housing Finance Agency FHFA freddie mac LLPAs loan-level price adjustments mortgage bankers association national association of realtors

Mortgage 107
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Can You Get a Good Cash on Cash Return in the San Francisco Real Estate Market? This Calculator App Has the Answer

Mashvisor

Is the San Francisco market too overvalued to make a good return on investment? Check it in Mashvisor’s cash on cash return calculator app.

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Mauricio Umansky’s 6 tips for helping new agents navigate a shift

Inman

It’s not always possible to predict how the world — and therefore the market — will shift. What we can do is teach new agents how to navigate the changing tides.

Agents 106
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Canadian Mortgage App, BluMortgage announce systems integration

Mortgagebroker News

Partnership aims to ensure greater efficiency in the mortgage process for brokers and lenders alike

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Zillow CEO Rich Barton: ‘The real pain is probably coming’

Inman

Zillow — which held $3.4 billion in cash and investments at the end of 2022 — is well prepared to weather any storm, including the banking fallout, Barton said in a new interview on Thursday. Markets & Economy Select Technology GeekWire interview PropTech Redfin rich barton Zillow Zillow Offers

Investing 105
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Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC

BiggerPockets

Don’t have enough capital to own property? Enter Airbnb arbitrage, the popular investment strategy that allows you to rent out someone else’s property for a profit. Of course, there are […] Real Estate Rookie Podcast