Mon.Jul 24, 2023

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CoreLogic integrates CAL FIRE inspection data

Housing Wire

CoreLogic is strengthening its Wildfire Mitigation Score data (WFMS). The firm announced Friday that it is incorporating Public Resource Code (PRC) 4291 inspection data into its WFMS. According to CoreLogic, it is the first firm to incorporate this data. CoreLogic said it plans on using this data to improve its prefill solution by providing insurance carriers with important wildfire mitigation information to support policyholders.

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Florida and Texas markets are slowly regaining some balance

Real Estate News

After heating way up over the past few years, prices and inventory in two of the most populous states are showing signs of stabilizing.

Inventory 221
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The odds favor an FTC settlement of ICE-Black Knight deal

Housing Wire

The Federal Trade Commission (FTC) looks poised to settle on the merger deal with Intercontinental Exchange Inc. (ICE) and Black Knight , Keefe, Bruyette & Woods (KBW) said in a note following the postponement of the preliminary injunction to August from this week. ICE and Black Knight’s agreement to sell its product and pricing engine unit Optimal Blue business leaves the FTC with a weak case as it remedies the remaining horizontal overlap cited in the FTC’s complaint with a com

Investors 369
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Commissions lawsuits continue to progress in the US, Canada

Real Estate News

The defendants in several major lawsuits have not gained any ground this summer as the first case moves toward trial in less than 3 months.

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eXp’s Glenn Sanford on AI’s transformative impact in real estate

Housing Wire

By now, you’ve all heard the buzz about artificial intelligence (AI) and the potential impact on the real estate industry. While it’s certainly buzzworthy technology, it’s been met with reticence in the brokerage world. In a recent RealTrends BrokerPulse , real estate brokerage leaders responded that they are embracing artificial intelligence (AI), they are doing so cautiously.

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Compass unveils new data-powered agent Performance Tracker

Inman

Compass Head of Coaching Courtney Smith said the brokerage's new data-powered Performance Tracker tool will enable agents and team leaders to track gross commission income, sales volume and other data.

Agents 148

More Trending

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Housing Demand Slows on Higher Rates and Prices

Eyes on Housing

Mortgage rates’ slow –but steady– march upwards combined with the return of home price gains are doing what they are predicted to: slow housing demand. According to the latest Housing Trends Report, the share of adults with plans to purchase a home within a year dropped to 15% in the second quarter of 2023, down from a record high of.

Mortgage 148
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Rithm to acquire Sculptor Capital for $639M

Housing Wire

Rithm Capital Corp., the real estate investment trust that operates NewRez , Caliber and several other businesses , entered into a definitive agreement to acquire Sculptor Capital Management Inc. for $639 million, the company announced on Monday. The deal, if approved by regulators, will bring to Rithm Sculptor’s $34 billion of assets under management, including real estate, credit and multi-strategy investing spectrum.

Investing 281
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Anywhere’s Cartus names veteran tech executive as president, CEO

Inman

Six months after Katrina Helmkamp's retirement, Cartus has named Matthew Tebbe as its latest president and CEO. Tebbe will be responsible for "accelerating momentum" at the relocation brand.

Brokerage 148
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Fighting for Consumer Protection & the Appraisal Industry

Appraiserblogs

I’m just an Average Joe, surrounded by some really smart people, and we are fighting back. I often wonder if Certified General, MAI or SRA appraisers sitting in their ivory towers often chuckle to themselves and say HA, data collectors will never impact commercial. Who cares about the residential appraiser. Well, it looks like it’s time for you all to care.

Appraisal 117
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Americans are moving into flood-prone cities at alarming rate: Data

Inman

Migration into flood- and wildfire-prone counties has more than doubled since the COVID-19 pandemic began, according to a Redfin analysis of domestic migration data released Monday.

Insurance 148
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[Video] Customer Story: Circle A Ag

GoForrmz

“ We’re never days behind on any data entry and we’re more accurate in our data entry using GoFormz. ” — Andrew Dueck, Office Accountant, Circle A Ag About Circle A Ag Located 45 minutes northeast of Winnipeg, Manitoba, Circle A Ag is a custom fertilizer application company that provides their customers with a comprehensive solution for fertilizer assessment and application.

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Technology platform Inspectify finds $5.76M in new funding

Inman

The company provides an automated solution for booking and conducting home and property inspections, using dynamic, smart interfaces that can greatly reduce time spent at homes, data integrity and improve downstream workflows.

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How to Evaluate an Airbnb Investment

Mashvisor

Over the past few years, the Airbnb investment strategy has been a very lucrative way for investors to make money in real estate.

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How asking this 1 vital question can help you achieve your goals

Inman

The author of "The One Thing" offers one important question that can have a game-changing impact on your business.

Business 147
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Appraisal Reviews: Ensuring Accuracy and Compliance

Town & Country Residential Appraisals

Recently, after completing a few courses and passing the exam offered by Appraiser eLearning through the National Association of Appraisers, I received a Certificate in Appraisal Review from their Professional Certification Board. Now why would one want to have an appraisal report reviewed? Appraisal reviews play a crucial role in the real estate industry, ensuring the accuracy, quality, and compliance of an appraisal report.

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Consumer spending to slow due to interest rates, analysts say

Mortgagebroker News

The Bank of Canada's increases in June and July are expected to have an outsized impact on economic activity

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What’s old is new: A deep dive into the ‘teamerage’ revival

Housing Wire

Doug Danzey describes himself as a natural trainer and mentor. So when he found himself helping more and more new agents, he decided to fold his mentorship work into his real estate business, and thus The Cobalt Group was born. “I saw the direction things were going in and I thought that it only made sense for me to form a team and get paid for the work I was doing,” Danzey, whose team is brokered at eXp Realty , said.

Brokerage 370
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Foreclosure Activity Continues to Steadily Increase as COVID-Era Policies End

BiggerPockets

Foreclosure activity continues to steadily increase according ATTOM's Q2 report.

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Can Canada build enough homes in 2023 to keep up with demand?

Mortgagebroker News

Housing starts surged in June – but have trended unevenly throughout the year

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2024 Housing Market Predictions and 3 Underrated Real Estate Markets to Watch

BiggerPockets

We’ve got 2024 housing market predictions coming up in this episode.

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Household debt significantly spikes in Q1: StatCan

Mortgagebroker News

The increase arrived amid another jump in interest rates

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Will existing home sales climb at all this year?

Housing Wire

We’re going to start today looking at the pending sales. Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 million. It’s now obvious to everyone that home prices have held up in 2023 because demand has exceeded the very limited supply of homes to buy. The question I’ve been getting lately is whether we’ve turned the corner on home sales.

Inventory 370
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How can policymakers help ease Canada's housing affordability crisis?

Mortgagebroker News

Report lays out options on the table

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The Ultimate Guide to Retiring in Florida: Tips for a Smooth Transition

Lamacchia Realty

THE ULTIMATE GUIDE TO RETIRING IN FLORIDA: TIPS FOR A SMOOTH TRANSITION Retiring to Florida is an increasingly popular choice for seniors over the years. Famous for its warm climate, sunny beaches, and vibrant lifestyle, the Sunshine State has long been a top destination for retirees seeking a relaxing and enjoyable retirement. With its diverse range of cities, coastal towns, and picturesque communities, Florida offers something for everyone.

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Essential Real Estate Software for Investors to Improve Operations and Sales

Listing Spark

The goal of every real estate investor is to turn a profit—but how much profit you garner per year and how much work it takes depends on your unique operational strategy. For example, many investors see an annual 8% return on investment for each of their rental properties. At the same time, other investors see a $65,000 gross profit per flip. But no matter your specialty, carving out more profitability by increasing your sales potential and streamlining your operations can only strengthen your b

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Build-for-rent construction rising in all but 10 states

Housing Wire

For most states, the pipeline for construction of single-family homes specifically designed as rentals is booming. However, not all states are jumping on the trend. Market conditions in 10 states are such that this kind of construction isn’t a priority. In fact, these states are seeing no additional construction of single-family homes for rent, according to reporting at Axios.

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Guide to the Property Investment Software Realtors Need in 2023

Listing Spark

In today’s market, most rental properties belong to individual investors rather than large investment companies—recent census numbers place the number at approximately 70% of properties —and they can achieve success through a growing set of property investment software tools. That means an extraordinary number of people who are traditional homeowners may be looking for new opportunities to take action in the real estate market by buying a new home without selling their current residence or