Fri.May 19, 2023

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Nominations for the 2023 Women of Influence award close today!

Housing Wire

Today marks the last day to submit a nomination for HousingWire’s prestigious and first-of-its kind Women of Influence award. Each year, HousingWire’s Women of Influence award spotlights women who are cultivating a new path forward for the housing economy and paving the way for the women who follow after them. These women are recognized based on achievements within their organizations, their communities and the in the industry at-large.

Realtors 358
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Why slowing rent growth is a good sign for the economy, future buyers

Real Estate News

Rent growth was up just 0.3% YoY in April and is falling below inflation and wage growth, which "suggests better times ahead for the U.S. economy.

Buyers 221
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Judge should dismiss ICE, Black Knight’s constitutionality claims, FTC argues

Housing Wire

The Federal Trade Commission (FTC) asked a judge to dismiss Intercontinental Exchange (ICE) and Black Knight ‘s claims over the agency’s constitutionality and separation of power as “impertinent” and “immaterial.” The FTC, which is trying to prevent a merger between the two mortgage tech firms, said the two companies made “bare statements of legal conclusions that fail to meet the required pleading standards,” according to a filing made this week. ̶

Legal 358
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Can NAR keep real estate agents safe and sound? The Download

Inman

Each week on The Download, Christy Murdock takes a deeper look at the top-read stories of the week to give you what you’ll need to meet Monday head-on. This week: NAR’s latest Realtor safety proposal and resources for taking better care of yourself IRL and online.

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Homebuying trends and motivations in the LGBTQ+ community

Real Estate News

A new report helps agents better understand the preferences, drivers and challenges for LGBTQ+ buyers.

Agents 180
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3 HR experts weigh in on the bad behavior reality TV shows overlook

Inman

When shows like "Selling Sunset" normalize workplace romances between brokers and agents, the dicey issues that arise from unequal power dynamics often go unspoken, experts told Inman.

Agents 164

More Trending

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Virtual Staging AI ensures you’ll never market an empty room again: Tech Review

Inman

Do you hate marketing an empty house? Virtual Staging AI offers a quick and easy-to-use solution to stage the rooms of a home virtually and save you and your client hassle. Craig Rowe offers a review of the service.

Marketing 164
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Employment Situation in April: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 36 states in April compared to the previous month, while 14 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 253,000 in April, following a gain of 165,000 jobs in March. On a month-over-month basis, employment data was strong in California, which.

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‘Selling Sunset:’ 60+ facts as the reality show returns for Season 6

Inman

Netflix's fan favorite is back with Season 6 (and Season 7 is coming!) Here's everything you never knew you needed to know about the series, its cast and The Oppenheim Group.

Agents 164
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Rocket sells roughly $20B in MSRs to JPMorgan Chase

Housing Wire

Add Rocket Mortgage to the list of companies selling mortgage servicing rights (MSR) in a difficult operating environment. The Detroit, Michigan-based lender sold about $20 billion in MSRs to JPMorgan Chase in April, following a decline in its servicing book in the first quarter of 2023. The company’s unpaid principal balance reached $524.8 billion as of March 31, compared to $535 billion at the end of December, according to Securities and Exchange Commission (SEC) filings. “In Apr

Mortgage 109
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5 reasons top agents don’t worry about commission lawsuits

Inman

Although the bombshell commission lawsuits are scary, Inman contributor Chase Williams writes, it's time to focus on the things you can control and move forward.

Agents 164
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Customer Appreciation Day

GoForrmz

Thank you to all our customers from the GoFormz team At GoFormz, we live and work by our core values – and today we’re focused on Customer Centric. We strive to put our customers first every day and have your best interest in mind. So today on Customer Appreciation Day, we want to express our sincerest gratitude to you, our valued customers. Customer Appreciation Day is celebrated nationally on the third Friday of May to show customers love and appreciation.

Retail 78
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Should you follow everyone who follows you on Instagram?

Inman

Sue "Pinky" Benson tells you how to tell the difference between legit Instagram followers and those who are boosting your count without adding value.

Marketing 170
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REITs vs. Stocks: Is There Any Diversification Benefit At All?

BiggerPockets

If you're exploring diversification options, it's crucial to note that this investment might not be as sensible as initially thought. Here's the truth about this trendy investment.

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Housing is outperforming, but recession may still be in the cards

Inman

Fannie Mae economists say "extraordinarily tight" inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes.

Inventory 164
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Lamacchia Realty Ranked in the 2023 Mega 1000

Lamacchia Realty

The Real Estate Almanac by T3 Sixty has published its annual ranking of the Mega 1000 Brokerages. This comprehensive report evaluates the top 1,000 brokerages in the nation based on their annual sales volume, transaction sides, and agent count. T3 Sixty prioritizes sales volume as the primary criterion for ranking, as it serves as a fundamental metric for calculating agent commissions, franchise fees, and overall company revenue.

Realty 70
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Agents, stay off my grass and don’t knock on my door

Inman

While the conversation around door-knocking is compelling, it's not a prerequisite for success in the real estate business, writes Teresa Boardman. She offers a variety of alternatives if door-knocking just isn't your thing.

Agents 131
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Disclosure Example: Hypothetical Condition

McKissock

In an appraisal assignment, a hypothetical condition is used when a property is appraised under a condition that is contrary to what is known by the appraiser to exist on the effective date of the assignment results. If a hypothetical condition is not properly disclosed in an appraisal report, it could be significantly misleading for the client and intended users.

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Door-knocking, danger alerts, FOMO demand: Inman’s Top 5

Inman

Wondering what you missed this week? Find out with Inman's Top 5 most-read stories of the week.

Brokerage 164
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Crumbling Foundations: Understanding Pyrrhotite-Infected Concrete and Its Impact on Homeowners

Lamacchia Realty

Crumbling foundations – This is an epidemic affecting thousands of homeowners throughout Western Massachusetts and Northeastern Connecticut. A significant number of homes in these areas built between 1983-2015 may have concrete foundations containing pyrrhotite, which means they’re at risk of cracking or even crumbling completely. This is understandably alarming to homeowners whose properties fit these criteria, fearing for the safety of their families and their investments.

Sellers 62
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NAR’s membership is now shrinking for the 1st time in years

Inman

The organization's membership was down 0.66 percent in April compared to a year earlier. NAR thinks the numbers may fall even further.

Realtors 131
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Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process.

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Housing market has 'taken the brunt' of rate hike impact, expert says

Mortgagebroker News

Concerns expressed over higher borrowing costs and their effects on Canadian households

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Rookie Reply: Tenant Red Flags and BEST Investor-Friendly Loans

BiggerPockets

Want a better rental property loan?

Tenants 84
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Scotiabank's Holt calls for BoC to remain aggressive on interest rates

Mortgagebroker News

Leading economist calls for 'crush it, killer mentality' from central bank

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Valuing Your Home - AVM vs. Real Estate Agent

Eppraisal

AVM (Automated Valuation Model) is a computer-generated estimate of a property's value based on data such as recent sales in the area, public records, and local market trends. While AVMs can be a useful tool for getting a ballpark estimate of a property's value, they have limitations and may not always provide an accurate estimate of the property's true market value.

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Mortgage interest cost inflation: How concerning is it for the economy?

Mortgagebroker News

Costs soared on a yearly basis as overall inflation ticked upwards in April

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Custom Home Building Contracts

Eyes on Housing

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building gained market share during recent quarters but experienced a notable drop for construction starts at the beginning of 2023. There were 36,000 total custom building starts during the first quarter of the year. This marks a 22% decline compared to the first.

Contracts 110
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Why short-term fixed options are increasingly popular for Canadian borrowers

Mortgagebroker News

The recent market has seen an uptick in those mortgage types

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Rhode Island legislature approves more ADUs

Housing Wire

Residents in the state of Rhode Island could soon have an easier time constructing accessory dwelling units (ADUs) on their properties, as a bill prioritized by the state’s House Speaker Rep. Joe Shekarchi and sponsored by AARP passed the Rhode Island House of Representatives earlier this week. The bill, 2023-H 6082Aaa (given additional letters in its designation to reflect that it has been amended), is part of a broader package of 14 bills sought by the speaker in an effort to address housing i

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BMO's Kavcic weighs in on latest BoC financial system review

Mortgagebroker News

How concerning is the potential impact of higher rates on the mortgage market?

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Trez Capital reports Q1 earnings

Mortgagebroker News

The company has surpassed the milestone of $5.

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