Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. There’s some optimism, however. With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.

Lending 479

Lending Mortgage Loan Officers Government 479

Sacramento Appraisal Blog

FEBRUARY 6, 2024

Look, assumable loans are basically eye candy in real estate because they’re so rare, but they’re actually starting to happen more. So, let’s talk about it. This post won’t go into details about requirements or how the process works, but I want to highlight this tiny but growing trend in the Sacramento region. UPCOMING SPEAKING […] The post The tiny but growing trend of assuming the loan first appeared on Sacramento Appraisal Blog.

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Real Estate Appraisal Housing Market Marketing 312

Housing Wire

FEBRUARY 6, 2024

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. But a landscape of strict regulations, product limitations and operational inefficiencies hamper its widespread adoption. Assumable mortgages remain a niche market compared to new mortgage issuance. But these transactions have grown recently.

Mortgage 458

Mortgage Sellers Advertising Buyers 458

Real Estate News

FEBRUARY 6, 2024

Freddie Mac and Chase have made recent changes to their down payment assistance programs which could help more low-income buyers enter the market.

Buyers 295

Buyers Marketing 295

Housing Wire

FEBRUARY 6, 2024

The data is clear: aging in place is a clear preference for many older Americans making plans for how their later years will play out. But a lot of people approaching these ages may not know the best ways they can make their homes more accommodating for natural changes that come with aging, according to a new story at CNBC. “People might say, ‘I want to age in place as the default plan, because that’s what I’m already doing,’” Carol Chiang, CEO of personalized aging-in-place consulting company E

Renovations 450

Renovations Home Improvement Investing Clients 450

The Appraiser Coach

FEBRUARY 6, 2024

In a Mastermind meeting with other (non-appraiser) business owners, I was reminded of how well so many principles that I share with you apply across different areas, whether it’s real estate or office work. There was a man by the name of Jack who was talking about how much he has to do. He’s constantly taking calls and responding to emails, without time to rest.

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Law Business Training Real Estate 195

Real Estate News

FEBRUARY 6, 2024

Appeals court sides with two of the four people suing the state of Florida along with an Orlando-based brokerage, with a final ruling expected soon.

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Buyers Brokerage 227

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. In its 2024 State of Wire Fraud report, wire fraud protection firm CertifID found that nearly 25% of the 650 U.S. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

Real Estate Agent 432

Real Estate Agent Real Estate Sellers Buyers 432

Inman

FEBRUARY 6, 2024

In three star-studded advertisements for Homes.com that appeared on YouTube over the weekend, the CoStar Group teases a "revolutionized" shopping experience ahead of Super Bowl Sunday.

Advertising 190

Advertising Technology Marketing 190

Housing Wire

FEBRUARY 6, 2024

REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. On Monday, the now defunct discount brokerage filed an appeal with the U.S. Court of Appeals for the Ninth Circuit, asking the appeals court to reverse the lower court’s ruling on REX’s motion for a new trial. REX filed its motion for a new trial in November, roughly six weeks after its September trial concluded.

Advertising 421

Advertising Real Estate Brokerage Agents 421

Eyes on Housing

FEBRUARY 6, 2024

The latest CPS/HVS data shows that the overall homeownership rate was 65.7% in the last quarter of 2023. This was 3.5 percentage points lower from the peak of 69.4% in 2004. In this post, we focus on the homeownership rates by race and ethnicity over the past decade. According to data from the Census Bureau, homeownership in the U.S. varies.

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Housing Wire

FEBRUARY 6, 2024

Rocket Homes Real Estate rolled out its new app on Apple Vision Pro, Apple ’s new virtual reality and mixed-reality headset. It will allow users to view and tour properties by blending their physical and virtual worlds, Rocket said. When homebuyers launch the Rocket Homes app in Apple Vision Pro, a home search page and map of nearby listings based on the user’s current location will fill their field of vision.

Real Estate 421

Real Estate Buyers Development Technology 421

Inman

FEBRUARY 6, 2024

NAR Chief Economist Lawrence Yun warned of "further declines in membership over the next 24 months" after NAR posted a 2.1 percent annual membership decline last month.

Realtors 176

Realtors Agents 176

Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S. Securities and Exchange Commission (SEC).

Finance 421

Finance Business Mortgage Technology 421

Inman

FEBRUARY 6, 2024

In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor.

Real Estate 166

Real Estate 166

Housing Wire

FEBRUARY 6, 2024

Introducing the NEW HousingWire Mortgage Rates Center, a resource for housing professionals to access real-time mortgage rates data and the insights that fuel understanding and decision-making. HousingWire is dedicated to providing housing professionals with the full picture , and while there are many places to find rates information, the Mortgages Rates Center takes a nuanced approach – coupling data with context.

Mortgage 421

Mortgage Inventory Housing Market Marketing 421

Inman

FEBRUARY 6, 2024

FNB's 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities.

Mortgage 165

Mortgage Lending 165

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 million, the Department of Justice (DOJ) and the State of North Carolina announced Monday. FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North C

Advertising 410

Advertising Lending Loan Officers Law 410

Inman

FEBRUARY 6, 2024

The 6,300-square-foot unit was purchased by Hong Kong-based private equity exec Terence Chan through a limited liability company, and initially asked more than $70 million. Tal Alexander of Official repped the buyer.

Buyers 158

Buyers 158

Housing Wire

FEBRUARY 6, 2024

The list of defendants in the Masiello copycat commission lawsuit just got shorter. In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit.

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Realty Realtors Real Estate Brokerage 410

Inman

FEBRUARY 6, 2024

Rent collection is essential for your portfolio's financial stability and profitability. Ryan Barone shares strategies to simplify it for you and your renters.

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Tenants Landlords Investing Agents 165

Housing Wire

FEBRUARY 6, 2024

Insellerate , a customer relationship management (CRM) provider that serves banks, credit unions and other lenders, has rehauled its user interface (UI) to make it more user-friendly and efficient. To redesign the interface, the company collected feedback from more than 250 loan officers, demonstrating the company’s commitment to enhancing user experience.

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Loan Officers Retail Lending Marketing 409

Inman

FEBRUARY 6, 2024

Two of the four plaintiffs who filed a lawsuit in November against Florida's foreign buyer ban have been awarded a temporary injunction that allows them to resume stalled transactions. The next step in toppling SB264 is an appeal hearing in April.

Buyers 155

Buyers Real Estate Marketing 155

GoForrmz

FEBRUARY 6, 2024

The GoFormz Board of Directors proudly announces their newest member The GoFormz team is thrilled to welcome Sydney Sloan, Chief Marketing Officer of Drata, to our Board of Directors! Sydney’s considerable background in document management and software marketing for top tech firms makes her a priceless addition to our team. Our excitement is echoed by Rob Brewster, GoFormz’s CEO, who shared, "Sydney's market experience and successful track record in the SaaS industry, especially during periods o

Development 78

Development Marketing Business 78

Inman

FEBRUARY 6, 2024

Fathom Holdings (Fathom) has hired Constellation1 as its primary data partner with the intent of outsourcing its widespread use of industry data.

Real Estate 168

Real Estate Technology 168

Birmingham Appraisal

FEBRUARY 6, 2024

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. We see national news stories that say this or that about the housing market, however, it may or may not reflect what is going on in our neck of the woods.

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Inventory Real Estate Sellers Buyers 76

Inman

FEBRUARY 6, 2024

In his latest Snapshot profile, Brandon Doyle talks to Heather "Sunshine" Haase about training, tech, authenticity and creating genuine connections.

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Training Real Estate Technology Agents 154

Lamacchia Realty

FEBRUARY 6, 2024

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for January 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by the office with the highest transaction numbers or sales for the month! January 2024 Winners of the Top 10 for the Company are: Eileen Doherty grew up in Woburn and resides in the area to this day.

Realtors 74

Realtors Realty Real Estate Clients 74

Inman

FEBRUARY 6, 2024

Although affordability is still the No. 1 factor in most homebuyers' moves, two surveys from Zillow and Redfin revealed politics and romance also play a role.

Marketing 135

Marketing 135

Eppraisal

FEBRUARY 6, 2024

The holidays are over which means April 15th is near and tax season is here. In the perennial debate between homeownership and renting, one significant factor often overlooked is the tax advantages associated with owning a home. While renting offers flexibility and freedom from property maintenance responsibilities, owning a home can provide substantial tax benefits that can positively impact your financial situation.

Property Taxes 69

Property Taxes Renovations Home Improvement Law 69

BiggerPockets

FEBRUARY 6, 2024

Do NOT buy rental properties. There’s a MUCH better way to build wealth. And we mean that literally, “building” wealth is the best path.

Real Estate 77

Real Estate 77

Hank Miller Team

FEBRUARY 6, 2024

Home buyers would do well to learn how to spot drainage issues. Water is not your friend; if it's not controlled it will bite in a number of different ways and every one will hurt. The first and most obvious tell is the position of the home; is it declined from the road? Gravity ensures that water takes the path of least resistance; will that be rushing down an expansive driveway that lets it blast into the house or garage?

Easement 52

Easement Development Inspection Buyers 52

East Coast Appraisal

FEBRUARY 6, 2024

Do you feel that you are paying an unfair amount in property taxes? If you believe the market value of your commercial property is lower than what the local authorities think it is, you may be looking for a way to reduce your tax bill. You may be able to appeal your current assessed value and provide evidence of your property's true value. A company that provides commercial appraisals in your area may be able to help.

Appraisal 52

Appraisal Property Taxes Market Value Real Estate 52

Lamacchia Realty

FEBRUARY 6, 2024

Lamacchia Realty's Best Blog Posts of 2023 Real estate is a constantly evolving industry, and staying up-to-date on the latest trends and best practices is essential for success. That’s why Lamacchia Realty’s blog is a valuable resource for agents and clients alike. In 2023, these were the 10 most popular articles on our blog, covering a range of topics including market analysis, new developments, and homebuying tips.

Realty 59

Realty Property Taxes Real Estate Clients 59