Housing Wire

MARCH 6, 2023

The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Here is a quick rundown of the last week: Purchase application data was down 6% weekly. Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week.

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Inventory Housing Market Marketing New Listings 456

Real Estate News

MARCH 6, 2023

Howard Hanna merges with Coach, BHHS enters the Caymans, Sotheby's Realty expands in Finger Lakes, BIRCH joins Side, new owners at Seattle RE/MAX, E&V in Ohio.

Brokerage 257

Brokerage Realty 257

Housing Wire

MARCH 6, 2023

Guaranty Home Mortgage Corporation (GHMC) on Monday announced its expansion with three new licensed retail branches in Tennessee. The new branches are located in Brentwood, Lebanon and Chattanooga. GHMC originates and purchases loans through multiple channels. The expansion is part of the company’s strategy to grow its presence and focus on residential mortgage lending.

Retail 396

Retail Mortgage Lending Technology 396

Real Estate News

MARCH 6, 2023

After maxing out in June, the percentage of million-dollar homes fell and is nearly flat year-over-year. In pricey markets, the declines were more pronounced.

Marketing 191

Marketing 191

Housing Wire

MARCH 6, 2023

California-based CMG Mortgage, Inc. struck a deal to acquire the retail division of Homebridge Financial Services , the companies announced on Monday. The financial terms of the transaction were not disclosed. CMG Mortgage, which claims it originated more than $19 billion in 2022, said the M&A deal seeks to increase its footprint on the retail lending business.

Retail 382

Retail Lending Technology Mortgage 382

Eyes on Housing

MARCH 6, 2023

Residential remodeling companies, just like any other private enterprise in a capitalist economy, exist to satisfy the demand of consumers for specific products or services in exchange for a rate of profit commensurate with the risk taken. Companies control when they enter or exit the industry, but their financial performance is intrinsically linked to external factors, such as the number.

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Inman

MARCH 6, 2023

The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power.

Mortgage 158

Mortgage Marketing 158

Housing Wire

MARCH 6, 2023

Illinois-based mortgage lender Celebrity Home Loans and its parent company Celebrity Financial, Inc. are the target of a class-action-seeking lawsuit. A former employee is suing the companies, alleging they “abruptly terminated hundreds of its employees” without giving legally required 60-day advance notice as required by the Worker Adjustment and Retraining Notification Act ( WARN Act ).

Loan Officers 395

Loan Officers Retail Legal Lending 395

Inman

MARCH 6, 2023

Bedrooms that promise great comfort and sanctuary can generate a visceral response. Well-designed bedrooms can inspire a heartfelt reaction that buyers won’t be able to ignore.

Design 155

Design Sellers Buyers Realty 155

Housing Wire

MARCH 6, 2023

Home Point Capital , the parent company of wholesale lender Homepoint , is seeking a successor to take over Mark Elbaum’s chief financial officer position. On February 24, Elbaum submitted his resignation as CFO, according to a March 1 8-K filing from the company. Elbaum’s resignation will be effective April 3 and he will continue to serve as CFO until that date to assist with Home Point Capital’s 10-K filing for 2022, the filing said.

Mortgage 358

Mortgage 358

Inman

MARCH 6, 2023

The firm, previously known as Immobiliare Magri, will officially launch as Corcoran Magri Properties sometime in the next several weeks led by Maddalena Magri, the brokerage exclusively told Inman.

Brokerage 155

Brokerage 155

Appraiserblogs

MARCH 6, 2023

Poke-and-Sniff… Once federal bureaucrats embrace a destructive practice, it can take a lifetime to correct it. When government tries to Cobra Effect.” Occupational licensees and those in heavily regulated industries will recognize the pattern immediately. American high schools routinely teach Upton Sinclair’s novel “The Jungle.” Its publication more than a century ago led to the quintessential success story for federal regulation.

Government 89

Government Appraisal 89

Inman

MARCH 6, 2023

This week, hosts Byron Lazine and Nicole White are talking about the rise of lawsuits, how great agents build relationships and the rollout of NAR’s new ad campaign.

Real Estate 152

Real Estate Agents 152

McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. Predictably, the appraisal online community reacted to this announcement in much the same way that a vampire in a low-budget horror movie reacts when sho

Modernization 72

Modernization Valuation Appraisal Lending 72

Inman

MARCH 6, 2023

Black Knight data shows new listing volume is down 25 percent in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown.

New Listings 150

New Listings Inventory Mortgage Marketing 150

McKissock

MARCH 6, 2023

On March 1, 2023, Fannie Mae issued Announcement SEL-2023-02, which addressed several different lending-related topics. Most important and relevant to appraisers was the first topic, titled “Valuation modernization,” which is an update to the Selling Guide that allows more options for valuation, including alternatives to traditional appraisals. Predictably, the appraisal online community reacted to this announcement in much the same way that a vampire in a low-budget horror movie reacts when sho

Modernization 67

Modernization Valuation Appraisal Lending 67

Inman

MARCH 6, 2023

EXp World Holdings has tapped veteran professional development leader and strategist Amy Somerville to lead SUCCESS Enterprises, according to an announcement on Monday. As CEO, Somerville will oversee SUCCESS Enterprises' flagship print magazine SUCCESS and companion digital media properties.

Development 140

Development Real Estate Brokerage 140

Premier Home Appraisal Blog

MARCH 6, 2023

Consider us your best local appraiser in Virginia! Tips for finding the best local Home Appraiser. How do I find a home appraisal company near me? When you need to get your home appraised, knowing where to look for house appraisals near me or home appraisals near me can be challenging. An experienced and reliable home appraiser is essential for an accurate home appraisal.

Appraisal 52

Appraisal Real Estate Agent Appraisal Tips Real Estate 52

Inman

MARCH 6, 2023

Far from a temporary, pandemic-era adaptation, multi-generational households are more popular than ever. Find out what NAR’s recent study reflects and how you can be sensitive to the needs all of your buyers.

Marketing 135

Marketing Buyers Brokerage Agents 135

Premier Home Appraisal Blog

MARCH 6, 2023

When you need to get your home appraised, knowing where to look for the best home appraiser near you can be challenging. Finding an experienced and reliable home appraiser is essential for an accurate home appraisal. Here are some tips on how to find the best home appraiser in your area. 1. Research home appraisal companies: Look up home appraisal companies in your market area and read customer reviews online.

Appraisal 52

Appraisal Real Estate Agent Real Estate Market Value 52

Inman

MARCH 6, 2023

There’s never been a better time to switch up your marketing and branding. Take this seven-day challenge to put your best face (and bio) forward.

Marketing 149

Marketing Brokerage Agents 149

BiggerPockets

MARCH 6, 2023

In this month’s BiggerNews, the mortgage rate rollercoaster continues, ChatGPT tries to take your job, Facebook tells investors to get lost, and David discusses his love-hate relationship with Jack in […]

Mortgage 61

Mortgage Investors Real Estate 61

Inman

MARCH 6, 2023

Amazon is expected to complete the first phase of its Virginia headquarters in June, but it's pausing construction on the larger phase of the project across the street.

Construction 132

Construction 132

Valuation Review

MARCH 6, 2023

Dustin Harris shares more monthly appraiser tips.

Appraisal Tips 78

Appraisal Tips Appraisal 78

Inman

MARCH 6, 2023

According to a new report, renters are searching for pet-friendly homes and Austin, Dallas and Fort Worth, Texas, are the pet-friendliest cities in the U.S.

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National Association of Realtors

MARCH 6, 2023

There’s a misconception that the two sides shouldn’t communicate to avoid potential ethical or legal problems. Two appraisers explain why that’s not true.

Clients 59

Clients Appraisal Legal Agents 59

Inman

MARCH 6, 2023

Presale renovation company Revive and real estate company NextHome have fastened together a partnership to provide homesellers access to a solution for facilitating efficient, technology-supported interior updates.

Renovations 100

Renovations Real Estate Technology Brokerage 100

Town & Country Residential Appraisals

MARCH 6, 2023

The year 2022 was a year of historically low inventory and high demand, unlike anything Murrysville has seen in recent history. Interest rates have been a major player in the market this year and definitely caused some of the historic gains to cool off towards the last quarter of the year. As rates rose, activity slowed- at least to a certain extent.

Marketing 52

Marketing Sellers Inventory Mortgage 52

Valuation Review

MARCH 6, 2023

Infima Technologies enters 2023 with comprehensive agency mortgage-backed security coverage.

Clients 60

Clients Technology Mortgage 60

BiggerPockets

MARCH 6, 2023

Commingling refers to the combining or intermingling of funds that may be coming from various sources or earmarked for different purposes.

Legal 56

Legal Real Estate Investors Business 56

Valuation Review

MARCH 6, 2023

Fannie Mae recently released its Selling Guide Announcement SEL-2023-02 updates.

Appraisal 60

Appraisal Modernization 60

Mortgagebroker News

MARCH 6, 2023

Strong employment data in recent weeks saw bond yields – and fixed rates – tick upward

Marketing 65

Marketing Mortgage 65

Valuation Review

MARCH 6, 2023

CFPB asking for higher appraisal standards regarding discrimination.

Appraisal 60

Appraisal 60

Mortgagebroker News

MARCH 6, 2023

New tools part of a "proactive response" to trends in the Ontario real estate industry

Tools 64

Tools Real Estate 64