Fri.Mar 03, 2023

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Inflation is high, so why aren’t mortgage rates higher?

Housing Wire

Inflation is hot, so why aren’t mortgage rates over 10% like we saw in the 1970s? Put those disco pants back in the closet; this isn’t the 1970s, John, and the bond market has been saying this to anyone who would listen. Mortgage rates have trended up to over 7% while the 10-year yield has been around 4%, so everything is in the top-end range of my 2023 forecast.

Mortgage 418
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Homes are getting smaller — which could improve affordability

Real Estate News

Newly built homes continue to lose square footage. But agents see an upside for buyers seeking more affordable options.

Agents 243
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Clear Capital launches UDC to support appraisal modernization

Housing Wire

Real estate valuation technology provider Clear Capital on Thursday launched Universal Data Collection (UDC), a product designed to support appraisal modernization. The UDC product provides lenders with tools for scalability, interchangeability and loan management, according to a statement. UDC will provide fast and accurate collection of data, pursuant to Freddie Mac and Fannie Mae data standards, when lenders receive “loan eligibility for agency loan programs that allow for an inspection-based

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How the real estate industry can better serve the growing millennial market

Real Estate News

A recent panel discussion concluded that the industry, from lenders to agents, should take note: Millennials are a massive cohort with unique challenges.

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Rocket has a plan to drastically cut costs. Does it go far enough?

Housing Wire

Executives at Rocket Companies are engaged in a very tricky balancing act: they must drastically reduce expenses to return the company to profitability. And at the same time they must continue to invest in their business to avoid losing further ground in a mortgage market that doesn’t play to Rocket’s natural strengths. The lender has made several big reductions in force in recent months.

Business 276
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More homes are hitting middle age

Real Estate News

As the housing stock ages, agents should educate themselves about the features and occasional pitfalls of older homes.

Agents 195

More Trending

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RE/MAX conference looked at lessons from the past, goals for the future

Real Estate News

Founder Dave Liniger encouraged attendees to focus on growth and adaptability, while CEO Nick Bailey said agents shouldn't be afraid to "get loud.

Agents 169
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RE/MAX CEO Nick Bailey: Agents who ignore tech will be replaced

Inman

On the heels of RE/MAX's 50th anniversary and R4 conference, RE/MAX CEO Nick Bailey shared with Inman a sneak-peek into the franchisor's tech and growth strategy for 2023.

Agents 151
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Exactly How Are Property Data Collectors Professionally Trained?

Appraiserblogs

Somebody explain to me exactly how Property Data Collectors are “professionally trained” per Fannie Mae directives. The fact is, Fannie Mae is explicitly working toward the elimination of appraisers for real property valuations. This is in their latest Selling Guide Announcement SEL-2023-02 to the Fannie Mae Selling Guide: Value acceptance + property data is a new option that utilizes property data collection by a third party who conducts interior and exterior data collection on the subject prop

Training 113
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Christie’s affiliate owners: In a downturn, spend money (prudently)

Inman

The two-day Christie's International Real Estate conference in the Cayman Islands drew broker-owners — including Aaron Kirman in his debut at the event — from four continents and around two dozen U.S. states.

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FAQ #9: How Long Does it Take To Get My Appraisal Back?

Riverfront Appraisals

If you ask an appraiser, “what’s the most frequently asked question you get just as you’re about to leave a house”, I bet 99% of appraisers would respond with the following: Now, how long does it take to get the appraisal results back? Or some iteration of that question. It’s what’s on most homeowner’s minds […] The post FAQ #9: How Long Does it Take To Get My Appraisal Back?

Appraisal 100
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23 ways to turn one listing into multiple transactions

Inman

There are four stages in the listing process that offer unique opportunities to market both the listing and yourself, Jimmy Burgess writes. Here are 23 ways to turn your latest listing into multiple deals.

Marketing 145
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GoFormz Celebrates Employees

GoForrmz

Honoring National Employee Appreciation Day In honor of National Employee Appreciation Day, we would like to take a moment to share our appreciation for our incredible team at GoFormz. Every day, our dedicated team tirelessly works to introduce new initiatives, push boundaries, and ensure our product functions at the highest level for our customers.

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Rise in Black homeownership over past decade negligible, data shows

Inman

The National Association of Realtors said increasing the nation's inventory is one solution to address homeownership gap. The trade group is eying 3 million net new Black homeowners by 2030.

Realtors 140
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Fannie Announces New Options for Property Valuations, Market Rebound Halts, and More Appraisal News

McKissock

Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity. Registration is now open for the 2023 Appraiser’s Conference and Trade Show (ACTS).

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Here’s a smart retirement planning strategy for agents at every level

Inman

The optimal retirement planning strategy may differ depending on the stage of the agent's career. According to CFP Jordan Curnutt, agents must be fully aware of the options available to ensure they are using the best plan to make the biggest impact on their financial future.

Agents 136
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Fannie Announces New Options for Property Valuations, Market Rebound Halts, and More Appraisal News

McKissock

Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity. Registration is now open for the 2023 Appraiser’s Conference and Trade Show (ACTS).

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QUIZ: Have you gotten lazy with your marketing?

Inman

If you want to keep your pipeline full, you can't slack off on marketing. Take this quiz to find out if you're doing everything you can (and should) be doing now.

Marketing 143
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Fannie Announces New Options for Property Valuations, Market Rebound Halts, and More Appraisal News

McKissock

Fannie Mae updates its Selling Guide to include more options for property valuations. Early signs of a housing market rebound are halted by rising interest rates. A new episode of Beyond the Numbers with McKissock Appraisal interviews Robbie Wilson to learn how his company, RSDS, is working to increase appraisal diversity. Registration is now open for the 2023 Appraiser’s Conference and Trade Show (ACTS).

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Home sale prices post annual drop for the first time in a decade

Inman

The median U.S. home sale price declined marginally between February 2022 and 2023, clocking in at $350,426, according to new data released Thursday.

Marketing 146
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When will Canada's housing market pick up pace?

Mortgagebroker News

A mild technical recession could give way to a busier market in the second half of the year, says president

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Real has the moxy to make agents go viral, now it needs adoption: Tech Review

Inman

While gathering leads is certainly the goal, the best ones will come to those agents who leverage Real's connectivity to each other, and who remain active in curating relevant market content.

Agents 129
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Fraser Valley registers price growth after months of declines

Mortgagebroker News

The market's February benchmark price was also markedly higher than pre-pandemic levels

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Park National Bank latest lender to settle federal redlining charges

Inman

The Ohio bank's $9 million pledge to promote ownership in Black and Hispanic neighborhoods is the sixth since the DOJ launched an initiative to combat redlining in October 2021, with lawsuits generating $84 million in relief to date.

Mortgage 127
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Rookie Reply: Unpermitted Renovations, House Hack Profits, and Frozen Pipes

BiggerPockets

If you live in a high-cost-of-living area, a house hack could solve many of your money-related problems.

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Home where JonBenet Ramsey was found dead hits market for $7M

Inman

It's the highest price yet for the former Ramsey home, which hasn't sold in nearly 20 years despite several attempts in the $2 million range.

Marketing 130
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Is the Bank of Canada ready to hit pause on rate hikes?

Mortgagebroker News

The central bank has some big decisions to make

68
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Inman’s Top 5 stories of the week Feb. 24 – March 2

Inman

Catch up on the most-read stories of the week, as determined by Inman readers. Here's Inman Top 5 for Feb. 24 - March 2, 2023.

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How do Canadians feel about their household income?

Mortgagebroker News

New survey highlights the steps Canadians have taken to augment their income

58
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Rocket, UWM cut a combined 9,500 positions in 2022, new filings show

Inman

Companies said that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts.

Mortgage 107
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The Difference Between a Homeowner’s Insurance Policy and a Home Warranty

Eppraisal

Do you as a homeowners know the difference between a homeowner's insurance policy and a home warranty? There is a distinct difference between the two. As a homeowner, it's important to know what differences there are and how each type functions. With the increase in home values over the last couple years, you have a bigger investment to protect against hazards and defects.

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Avison Young: GTA commercial market activity remains robust

Mortgagebroker News

However, interest rate hikes have left their mark

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How To Calculate The Square Footage Of A Home

BiggerPockets

Knowing how to calculate the square footage of a home is important for real estate investors.

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Toronto home prices inch upwards in February

Mortgagebroker News

Sales remain low across the city's housing market