Housing Wire

SEPTEMBER 12, 2023

U.S. home price gains rose 2.5% year over year in July to mark the 138th straight month of annual growth. The annual acceleration reflects six consecutive monthly gains, which drove prices about 5% higher compared to the February bottom, according to CoreLogic ‘s Home Price Index. “Annual home price growth regained momentum in July, which mostly reflects strong appreciation from earlier this year,” said Selma Hepp, chief economist for CoreLogic.

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Inventory Buyers Mortgage Marketing 432

Sacramento Appraisal Blog

SEPTEMBER 12, 2023

Is it 2007 again? There’s so much talk online about today’s housing market being like 2007, but what are the stats showing? Today I want to walk through three parts of the market. I suspect many locations are experiencing the same trend as Sacramento too. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: […] The post Is it 2007 again in the housing market?

Housing Market 306

Housing Market Marketing Real Estate Appraisal 306

Housing Wire

SEPTEMBER 12, 2023

With mortgage rates above 7%, historically low levels of housing inventory, defaults in commercial real estate, and a series of potentially onerous regulations to come, Mortgage Bankers Association President and CEO Bob Broeksmit said the trade group is doing all its can to influence policymakers. “MBA cannot control macroeconomic forces, but what we can do is make sure the actions of policymakers help our industry instead of hindering it at a crucial time,” Broeksmit said at the organization’s

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Valuation Finance Appraisal Inventory 410

Real Estate News

SEPTEMBER 12, 2023

Bean Group, which serves Maine, New Hampshire, Massachusetts and Vermont, has joined eXp thanks to new incentives aimed at recruiting large teams.

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Housing Wire

SEPTEMBER 12, 2023

Despite her initial misgivings , Boston U.S. District Court judge Patti Saris granted preliminary approval of MLS Property Information Network’s (MLS PIN) settlement agreement in the class action buyer-broker commission antitrust lawsuit. In court documents filed last Thursday, Saris approved the agreement, stating that the releases in the agreement were “fair, reasonable, and adequate to the Settlement Class.

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Buyers Realtors Real Estate Agent Real Estate 410

Real Estate News

SEPTEMBER 12, 2023

The $3 million settlement in the buyer-broker commissions lawsuit will now move forward following updates to the terms of the agreement.

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Buyers 258

Real Estate News

SEPTEMBER 12, 2023

The MLS's 100,000+ subscribers will gain access to integrated advertising and social media tools to boost their online presence.

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Advertising Tools Marketing 257

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. “But economists said mortgage r

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Loan Officers Investors Mortgage Clients 397

Real Estate News

SEPTEMBER 12, 2023

A Zillow report found that new listings rose by 4% in August, an atypical late-summer boost that may offer buyers a few fresh options.

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New Listings Buyers 251

Housing Wire

SEPTEMBER 12, 2023

Everyone wants to know: How do I create a steady flow of repeat and referral business? Here’s the answer — create a 12-month plan so you can get into action and out of getting ready to get started mode! First, we’ll make sure you’re set up correctly and understand how to maximize your database, then we’ll get into the 12-month plan in future articles.

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Real Estate Agents Clients Sellers 397

Real Estate News

SEPTEMBER 12, 2023

CoreLogic found home prices in July were 2.5% higher than a year ago, up from 1.6% appreciation in the spring.

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Housing Wire

SEPTEMBER 12, 2023

Mortgage credit availability increased slightly in August but remained close to the very low levels last seen in January 2013, according a report from the Mortgage Bankers Association. Overall, an increase in the number of loan programs offering cash-out refinances and mid-range credit scores drove the uptick, said Joel Kan, MBA’s vice president and deputy chief economist.

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Mortgage Government Lending Marketing 397

The Appraiser Coach

SEPTEMBER 12, 2023

A topic that comes up a lot when I talk with people is how they should dress. Are flip-flops okay? What about a tank top?

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Inspection Real Estate Agent Government Business 195

Housing Wire

SEPTEMBER 12, 2023

Fraud prevention tech firm CertifID just received a funding boost. The company secured $20 million in a Series B funding round, according to an announcement on Tuesday. The funding round was led by Arthur Ventures , which also led their Series A funding round in May 2022, which produced $12.5 million in funding. “CertifID is addressing a growing problem in an industry looking for modern solutions,” Patrick Meenan, the general partner at Arthur Ventures, said in a statement.

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Modernization Real Estate Technology Housing Market 397

Inman

SEPTEMBER 12, 2023

Luxury agent Shelton Wilder, CEO of the Shelton Wilder Group, joins Aaron Kirman at AKG | Christie's International Real Estate after closing $150 million in sales volume in 2022.

Real Estate 197

Real Estate Agents Brokerage 197

Housing Wire

SEPTEMBER 12, 2023

Delta Media Group , a technology provider for real estate brokerages , launched a new CRM-based, all-in-one digital marketing platform called DeltaNET 7, the company announced on Tuesday. The new “made for mobile” tool leverages artificial intelligence and automation, allowing hyper-personalization for both the brokerage and customers, the company said in a statement.

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Brokerage Marketing Tools Agents 397

Inman

SEPTEMBER 12, 2023

The LA luxury developer is being forced to sell the 27-acre site, which was slated for an elaborate mega mansion, after a creditor tried to foreclose on the property and Hadid filed a bankruptcy petition.

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Development 195

Housing Wire

SEPTEMBER 12, 2023

New York-based Mortgage Industry Advisory Corporation (MIAC) has agreed to settle with the Securities and Exchange Commission (SEC) over allegations of multiple compliance failures. The investment adviser and analytics firm will pay $100,000, according to the agreement made public on Monday. The case first started in 2006, when the SEC’s division of examinations received notice of some deficiencies at the company, among them failures to adopt and implement written compliance policies and

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Human Resources Design Investing Business 397

Inman

SEPTEMBER 12, 2023

Goldman Sachs economist Michael Murdoch criticized the Federal Reserve's rate strategy at Ben Kinney Companies' BuiltHOW conference on Tuesday and shared how upcoming policies could impact the 2024 housing market.

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Sellers Buyers Housing Market Marketing 187

Housing Wire

SEPTEMBER 12, 2023

Rent-to-own startup Divvy Homes issued pink slips to nearly 100 U.S. employees based in the company’s San Francisco, California headquarters as well as remote staff across the country, according to published reports. This is the third round of layoffs Divvy Homes had in 12 months as rising interest rates have made it challenging for the proptech startup that offers a path to homeownership via a rent-to-own program.

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Valuation Landlords Investing Buyers 397

Inman

SEPTEMBER 12, 2023

At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units, and rents could start falling soon.

Construction 187

Construction Marketing 187

Eyes on Housing

SEPTEMBER 12, 2023

The second quarter of 2023 release of the Z.1 Financial Accounts of the United States indicates that the market value of households’ real estate assets increased over the quarter. Low existing for-sale inventory helped to increase real estate value after falling for three consecutive quarters. The level of households’ real estate assets increased by $2.43 trillion from $42.07 trillion in.

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Real Estate Market Value Inventory Marketing 183

Inman

SEPTEMBER 12, 2023

The overlap in offerings will empower clients on both sides of the partnership, providing Local Logic users with granular insights on the financial aspects of homes within market reports.

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Clients Marketing Technology 184

Eyes on Housing

SEPTEMBER 12, 2023

Consumer credit outstanding growth slowed to 2.5% in July, down from 3.4% in July (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving credit growth reaccelerated to 9.2% in July, potentially reflecting strong consumer sentiment and job security in a tight—albeit cooling—labor market. In contrast, nonrevolving consumer debt outstanding inched up just 0.2% over the month.

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Marketing 174

Inman

SEPTEMBER 12, 2023

It's never too early to get a jump on long-term business and financial planning, sisters Amy Chorew and Maeda Palius write in their first column for Inman.

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Business Finance Agents 195

Mortgagebroker News

SEPTEMBER 12, 2023

The central bank appears ready to ramp up interest rates further to hit the 2% target in unwelcome news for scores of mortgage borrowers

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Mortgage 72

Inman

SEPTEMBER 12, 2023

The L.A. City Council filed an emergency motion Friday to establish the home as an Historic-Cultural Monument to avoid demolition after thousands of concerned citizens registered their complaints.

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BiggerPockets

SEPTEMBER 12, 2023

If your end goal is financial freedom, investing in real estate is one of the best ways to get there.

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Real Estate Investing 76

Inman

SEPTEMBER 12, 2023

Although the timeline is uncertain, the nation's most populous state is on track to fall in line with 44 others that allow RON, a process that can speed real estate closings.

Real Estate 180

Real Estate Tools Buyers Technology 180

Mortgagebroker News

SEPTEMBER 12, 2023

Investors now have safer options to compound their savings in bonds and other fixed-income products, analyst says

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Investors 66

Inman

SEPTEMBER 12, 2023

Now that Anywhere has announced a deal on the bombshell commission lawsuits, it's time to take a look at the way you communicate with buyer clients moving forward. Trainer and author Bernice Ross offers a step by step guide to make sure you've got your bases covered.

Agents 176

Agents Buyers Clients Brokerage 176

Mortgagebroker News

SEPTEMBER 12, 2023

Pineapple CEO highlights the vital role that non-tech elements play in the success of a mortgage business

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Business Mortgage 62

Inman

SEPTEMBER 12, 2023

Real estate investors now know about the risks posed by interest rates. But what is the threat they'll be facing in a year or two? G. Brian Davis breaks it all down.

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Investors Real Estate Investing 176

Mortgagebroker News

SEPTEMBER 12, 2023

The market's overall office vacancy rate fell by 0.

Marketing 75

Marketing 75