Tue.Dec 19, 2023

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Fannie Mae continues to forecast modest downturn in 2024

Housing Wire

Even though Jerome Powell announced three rate cuts in 2024, Fannie Mae Economic and Strategic Research (ESR) group continues to forecast a modest downturn in 2024. The group projects a return to growth in 2025. “Last week’s comments by Chairman Powell, as well as the Federal Reserve’s updated Summary of Economic Projections, suggest increased Fed confidence that a soft landing has been achieved and inflation is headed sustainably to 2%,” Doug Duncan, Fannie Mae’s senior vice president and chief

Inventory 441
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MLS leaders bond over industry shifts — and Sammy Hagar?

Real Estate News

Art Carter and Brian Donnellan, CEOs of the nation’s largest MLSs, are pals as well as colleagues, walking the talk of collaboration in challenging times.

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Fidelity facing class action suit after cybersecurity attack

Housing Wire

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. The suit was filed last Tuesday by Teneika Tillis, a Loancare servicing client, in U.S.

Clients 421
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DOJ still not satisfied with proposed MLS PIN settlement

Real Estate News

The Department of Justice has inserted itself — again — in the Nosalek buyer-broker commissions case ahead of final settlement approval.

Buyers 292
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Amended settlement agreement in Nosalek suit not enough to appease the DOJ

Housing Wire

The home seller plaintiffs and MLS Property Information Network’s (MLS PIN) efforts to address the Department of Justice’s “significant concerns” about their proposed settlement agreement in the Nosalek commission lawsuit were not enough. In a letter filed on Monday, the DOJ told Judge Patti Saris that it had concerns about the second amended settlement agreement.

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Optimism growing among builders, mortgage industry

Real Estate News

The latest NAHB survey shows improving builder confidence, and even Fannie Mae’s more bearish economists see a recovery ahead.

Mortgage 266

More Trending

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Zillow users loved small Northeastern towns this year

Real Estate News

Small cities in New Hampshire and Connecticut dominated the search portal's most popular markets for 2023.

Marketing 231
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Fannie Mae, MBA economists still expect mild 2024 recession

Inman

The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year.

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When Principles Cross Over

The Appraiser Coach

I’ve started getting into investing over the last couple of years, and I had an experience related to that that I want to share with you. I started looking at getting into short-term rentals. I’m smart enough to know what I don’t know, and I started looking for someone who could teach me how to make this work. I found a group that sounded really promising.

Business 150
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Want a high-performance network? It all starts at ICNY

Inman

According to research, writes Nikki Beauchamp, by aligning yourself with those who complement your skill set and creating a systematic approach to networking, you can add targeted leverage to your real estate business.

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7 Mistakes Real Estate Agents Should Avoid

Birmingham Appraisal

Tips To Make An Agent’s Life Easier The job of a real estate agent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. While I cannot speak to most of those duties, or how to do them, I do have something that I would like to share regarding the pricing and appraisal part of their job.

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7 ways to avoid taxes on real estate investments

Inman

Investing in real estate doesn't have to bring a big tax bill. In fact, there are plenty of ways to minimize your taxes while making healthy returns. Here are the top seven.

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How I Made $50K in 6 Weeks in an “Extremely Competitive” Market

BiggerPockets

Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible.

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Real estate syndication: How to invest passively and profitably

Inman

If you can let go of some of the control, writes Luke Babich, you can take advantage of exceptional upside potential when you invest through real estate syndications.

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Transitioning Smoothly from Your Current Home to a 55+ Community in Florida

Lamacchia Realty

TRANSITIONING SMOOTHLY FROM YOUR CURRENT HOME TO A 55+ COMMUNITY IN FLORIDA Moving from your current home to a 55+ community in Florida is a significant decision. On one hand, it opens the door to a fulfilling new chapter in life. On the other hand, packing up your house and relocating can be an emotional and overwhelming process. Thus, to ensure a smooth transition, you must plan every aspect carefully.

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For nearly half a century, Saul Klein has been a tech pioneer, evangelist

Inman

In the most recent edition of his Snapshot series, Brandon Doyle talks to Saul Klein about being at the forefront of technology and internet adoption in the residential real estate industry.

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The Canadian government and Mississauga announce agreement for faster housing construction

Mortgagebroker News

It will build over 3,000 housing units over the next three years

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Bess Freedman says agents must ‘be present’ to succeed in 2024

Inman

Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she's looking forward to at ICNY.

Agents 167
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5 trends that will reshape the real estate market in 2024

Housing Wire

The landscape of real estate is undergoing significant transformations in 2024, driven by a confluence of technological advancements, shifting market dynamics and evolving consumer behaviors. 1. Technology 2024: Proptech challenges and profitability pursuit The proptech sector, a technological cornerstone of the real estate space heavily reliant on venture capital, has encountered formidable challenges in the past year.

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Housing starts defy expectations, surge to highest point since May

Inman

Housing starts jumped 14.8 percent between October and November to a seasonally adjusted annual rate of 1.56 million. That's 9.3 percent higher than they were in December 2022.

Marketing 165
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Bank of Canada may cut rates in 2024 - governor

Mortgagebroker News

It all depends on one condition…

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Flyhomes announces 3rd round of layoffs since 2022

Inman

Seattle-based brokerage and mortgage lender Flyhomes announced another round of layoffs on Friday. The company had layoffs in July and November 2022, with one round impacting 20 percent of its workforce.

Brokerage 165
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Four major banks reveal forecasts on upcoming inflation data

Mortgagebroker News

Headline inflation is expected to reach lowest level since March 2021

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Now Landing, a partnership with ID verification solution CLEAR

Inman

Landing is now partnering with personal identity verification company CLEAR to shrink the time needed for its tenants to move from place to place.

Tenants 180
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Upgrading Technology Can Be a Driving Force in Today’s Housing Market

Eppraisal

Smart homes for sale can jump off the screen on property listing sites. A property with smart technology can convince appraisers to value your property more and encourage interested buyers to bid higher. Learn about the makings of a smart home and the upgrades to focus on before selling. What Makes a Smart Home A smart home has at least three network-connected devices for remotely controlling, automating and optimizing essential functions, including temperature, entertainment, lighting, safety a

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7 hard-earned lessons from a firefighter-turned-broker

Inman

Entrepreneurship requires fundamental changes, no matter what your previous occupation may have been. Broker Nick Schlekeway outlines the seven lessons you'll need to learn to be successful.

Brokerage 161
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How much does it cost to buy a home in Vancouver?

Mortgagebroker News

Average income needed surges

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WeWork asks bankruptcy court to hide 600K tenant names from rivals

Inman

Once valued at $47 billion, WeWork attorneys argue that releasing the names of its 600,000 clients would allow office landlords to poach customers.

Tenants 178
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Are home sellers finally coming back to the market?

Housing Wire

The defining characteristic of the 2023 housing market has been dramatically fewer home sellers than any recent year. That’s one reason total sales volume has been so low, but it looks now like that’s starting to change. In this week’s Altos Research video, I look at how home sellers and sales are up, but that doesn’t mean prices will climb in 2024.

Sellers 458
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DOJ objects to 2nd settlement bid in MLS PIN commission case

Inman

The antitrust enforcer says it "continues to have concerns" about a proposed deal between homesellers and broker-owned multiple listing service MLS PIN.

Agents 174
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Housing starts rise on falling mortgage rates

Housing Wire

Housing starts rose in November, significantly beating expectations. New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Department of Housing and Urban Development and U.S. Census Bureau data. It’s 14.8% above the revised October estimate of 1,359,000 and 9.3% above the November 2022 rate of 1,427,000. Single-family building activity drove November residential construction activity.

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Personal info of nearly 15M people exposed in Mr. Cooper data breach

Inman

Personal information in exposed files included names, addresses, phone numbers, Social Security numbers, dates of birth, bank account numbers, Mr. Cooper said.

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Expectations for 2024 in Seattle/King County Real Estate

Will Springer Realtor

The region’s real estate scene in 2023 will be remembered for rising home prices and scant new listings. Buyers and sellers tiptoed through caution. As the year dims, all eyes fixate on 2024’s potential: a hopeful dance fueled by dreams of lower rates and a wave of new homes for sale. Welcome to our sixth annual look back at the year that was and to predictions and projections for the coming 12 months in real estate for Seattle/King County and beyond.

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How are you ending 2023 on a high note? Pulse

Inman

As we leave 2023 behind, how are you going to move forward with confidence and take advantage of the opportunity to build momentum for 2024?

Agents 167