Thu.Feb 23, 2023

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Opinion: How the title industry protects homeowners

Housing Wire

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. But many may be surprised to learn that title and settlement professionals do so much more than conduct title searches, issue policies and process claims. As an industry, our commitment to protection goes beyond title insurance policies.

Insurance 446
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Anywhere reports losses of nearly half a billion in Q4

Real Estate News

CEO Ryan Schneider said the company will make cost reductions to bring operations in line with the market, as he expects a volatile year in real estate.

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The housing industry is on a mortgage rate roller coaster

Housing Wire

The mortgage industry has been on a roller coaster ride this year due to a resilient economy. In the span of a month, mortgage rates shot up near 7% after dropping to the low 6%-levels. “The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation,” said Sam Khater, Freddie Mac ’s chief economist.

Mortgage 383
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Opendoor posts $399M loss in Q4 but sees growth ahead

Real Estate News

Despite losses on home sales, CEO Carrie Wheeler said the company believes in its value proposition and sees "significant runway" via its Zillow partnership.

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2022 Rising Star honoree on brand strategy

Housing Wire

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2023 HW Rising Stars are open now through Friday, February 24, 2023. Click here to nominate someone from your organization today. A successful marketing strategy is essential in an environment of fierce competition among global real estate companies.

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Teams on the Move: E&V, KW, Side, Corcoran and Platinum Living gain teams

Real Estate News

The latest movers: The Nielsen Group, Laurie Finkelstein Reader Real Estate, Archpoint Advisory, The Real Estate People, Inspired Living.

More Trending

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Higher mortgage rates could mean a 'nobody's market' this spring

Real Estate News

Mortgage interest rates climbed again this week, with the daily rate approach levels not seen since November.

Mortgage 244
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Fidelity records strong 2022 performance despite market headwinds

Housing Wire

Despite the closed title purchase order volume dropping 36% year over year and the number of closed refinance orders dropping 79% compared to the fourth quarter of 2021, Fidelity National Financial still managed to record a strong Q4 in 2022. “Our title business has continued to perform well despite the fall off in mortgage originations due to increasing mortgage rates and housing market headwinds,” Mike Nolan, Fidelity’s CEO, told investors during the firm’s fourth-quarter earnings call mid-mor

Marketing 370
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Chime: Chatbot AI Assistant at 93% conversational accuracy

Inman

The company attributes the success to "consistent coaching and humanizing of the chatbot," which in the past year increased daily messages by 322 percent and daily lead responses by over 108 percent.

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Multifamily Developer Confidence Remains in Negative Territory in Fourth Quarter

Eyes on Housing

While the two main confidence indexes for multifamily housing increased slightly in the fourth quarter, they both remain in negative territory, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) increased two points to 34 compared to the previous.

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Growing your business with tech, teams and new development

Inman

Watch this week's three new expert-led classes featuring top tips for agents, and what you should know about the latest tech trends

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‘Opportunity’ to Work for Free is Not a Plan

Appraiserblogs

I gave this ‘opportunity’ further critical analysis in terms of time spent versus the fee income potential. Appraisers, I’d like to disclose a personal ‘opportunity’ that was presented to me last fall, early winter. A company with AMC roots was, or is, recruiting people to become “property inspectors” with the resulting reports potentially fed to other appraisers who do HYBRID, or maybe even DESKTOP reports.

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Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

Inman

The dominant iBuyer lost nearly $400 million in the fourth quarter, according to an earnings call Thursday afternoon. That's better than the previous quarter, but a big jump from the same period in 2021.

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Missing Middle Housing Production Lags

Eyes on Housing

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. While townhouse construction has trended higher in recent quarters, the multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed. For 2021, there were only 12,000 starts of such residences.

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The hottest tools to add to your AI toolbox in 2023

Inman

ChatGPT is only a sliver of what’s already available in the AI space. Bernice Ross talks to team leader Kendall Bonner and offers a roundup of some of the hottest applications you’ll want to add to your AI toolbox.

Tools 154
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Fla. Top State for 2022 Home Value Increases

Empire Appraisal Group

AndreyPopov, iStock, Getty Images Source: Fla. Top State for 2022 Home Value Increases | Florida Realtors Fla. Top State for 2022 Home Value Increases By Dylan Abad Analysis finds Fla. home prices rose 17.27% last year, the most in the U.S., with Vermont second at 15.15%. But in last-place Idaho, values sank 0.18%. TAMPA, Fla. – Florida home values rose more in 2022 than in any other state, according to data analyzed from real estate company, Zillow.

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Real estate industry welcomes FHA premium cuts, with caveats

Inman

Cuts are expected to save borrowers $678 million a year but don't apply to existing loans or release homeowners who have built up equity from "life-of-loan" requirements.

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What Are Rental Portfolio Loans And How Can They Change Your Business

BiggerPockets

This article is presented by Kiavi. Read our editorial guidelines for more information.

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Ohio 4th state to sue MV Realty over allegedly ‘shameful business model’

Inman

Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its "homeowner benefit agreements" in Florida, Pennsylvania and Massachusetts.

Realty 148
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What's behind the rise of title fraud in Canada?

Mortgagebroker News

The start of 2023 has seen an uptick in fraudulent activity

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Anywhere profitability dips in Q4 as executives brace for disruptive 2023

Inman

Revenue declined 33 percent in the fourth quarter of 2022 — and 13 percent year over year — as the franchisor dealt with double-digit declines in transaction and unit volume across every business segment.

Business 148
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Average new home prices remain largely flat across Canada

Mortgagebroker News

Statistics Canada reports divergent price trends in January

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RE/MAX Alliance Group and Capital Realty join forces in merger

Inman

The deal brings RE/MAX Capital Realty under the operations of the RE/MAX Alliance Group, growing the combined companies' forces into a total of about 400 agents and staff.

Realty 148
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Finance Friday: Is Staying At Your Job Costing You More Than You Think?

BiggerPockets

Most people assume that buying rental properties is only for those making six-figure salaries.

Finance 53
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Lawsuit accuses eXp agents of sexual assault, drugging women

Inman

According to the suit filed Wednesday, Michael Bjorkman and David Golden took advantage of women while attending real estate industry events.

Agents 148
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Airbnb Statistics 2023: Is Airbnb Still Profitable?

Mashvisor

If you’d like to gain insights into Airbnb statistics for 2023 and see if it’s going to be a profitable year for Airbnb investors, read this guide.

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Broker Spotlight: Boris Fabrikant and Collin Bond, The Fabrikant Bond Team at Compass

Inman

Find out how these attorneys, brokers and friends put their legal and financial expertise to work to create exceptional outcomes.

Legal 148
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New foreign buyer restrictions could hit a snag

Mortgagebroker News

Some communities are wary of possible unintended consequences

Buyers 60
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America is Screaming for Affordable Housing, But No One Wants to Build

BiggerPockets

The housing market has entered into a new era never measured before.

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Executive talks advantages of private over traditional lending

Mortgagebroker News

"We have discretion to assess"

Lending 66
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Taking the pulse on eNotes

Housing Wire

HousingWire recently spoke to Kevin Wilzbach, director, product management at Wolters Kluwer, about the adoption of digital technology and the future of eNotes. HousingWire: What kind of impact has the overall deceleration of the mortgage market had on the adoption of digital technology over the past few quarters? Kevin Wilzbach: Well, I guess the short answer is, it hasn’t helped.

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What are Canadians' expectations for the housing market in 2023?

Mortgagebroker News

New RE/MAX report outlines consumers' sentiments

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Market Still Strong as Low Inventory Persists- February Newsletter

DW Slater Company

It’s hard to believe that it has been 2 years since we experienced the great Texas Winter Storm when the Texas power grid failed and we went several days without power in our Texas homes that are not built to keep heat. As much as I love the beauty of snow and the colder temps we occasionally get in North Texas, I still worry about the grid. I called it PTSD from that storm.

Inventory 128
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Who are the industry's rising stars?

Mortgagebroker News

CMP is searching for the country's top emerging young talents

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