Housing Wire
JANUARY 6, 2023
Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022. The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer.
Eyes on Housing
JANUARY 6, 2023
Job growth slowed in recent months, but the overall labor market remains tight. In December, total nonfarm payroll employment increased by 223,000, and the unemployment rate ticked down to 3.5%, back to its lowest point before the pandemic. However, in a positive sign for inflation, wage growth slowed to a 4.6% year-over-year gain, the slowest pace since August 2021.
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Housing Wire
JANUARY 6, 2023
Mortgage lender loanDepot recently became the target of a lawsuit filed by a group of former California employees who have complaints about the company’s work conditions. . The lawsuit was filed on December 23 in the Superior Court of the State of California for the County of Orange by about 40 former loanDepot employees, including loan officers, processors, underwriters, loss mitigation and foreclosure specialists.
Inman
JANUARY 6, 2023
The New York-based brokerage is shopping around 89,000 square feet of office space at 90 Fifth Ave. in Manhattan as it looks for ways to stem its losses, which clocked in at $154 million in 3Q22.
Housing Wire
JANUARY 6, 2023
The mortgage servicing industry landscape is shifting. For over a decade, the industry has experienced growth from two primary sources. The first, and more traditional source, is organic growth through new loan originations. The second method, which has become increasingly more common, is growth through either loan portfolios or company acquisitions.
Inman
JANUARY 6, 2023
Finding ways to rise above the noise and shine light onto a challenging market is the mission of every agent in today's market. Coach Darryl Davis shares eight strategies to help agents become a beacon of light for their clients against the storm of misinformation and negative mindsets.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
JANUARY 6, 2023
Pending home sales dropped 32 percent annually during the four-week period ending Jan. 1, with the biggest drop-offs recorded in markets that took off during the pandemic, according to Redfin.
Housing Wire
JANUARY 6, 2023
Happy New Year to everyone in the housing industry! Creating a realistic and inspiring new years resolution for your business can be a creative way to goal set in this new year. In your personal life, you may have created resolutions for eating healthy, trying new experiences or traveling more. And whether or not you quit the gym by February, you should put real thought into a resolution for your business.
Inman
JANUARY 6, 2023
Lead generation is the lifeblood of a successful real estate business, writes Jimmy Burgess. What are you going to do in 2023 to take your business to the next level?
Housing Wire
JANUARY 6, 2023
Former bankers at Rocket Mortgage have filed a class-action-seeking lawsuit that claims the lender failed to fully compensate their overtime wages, a violation of the Fair Labor Standards Act. The lender denied the allegations in a statement to HousingWire, calling it a “desperate” move. Complaints about the company’s labor practices were made public in November amid a challenging mortgage market.
Inman
JANUARY 6, 2023
Brokers, agents and homebuilders tallied a solid hiring month amid the holiday season even as the downturn in real estate transactions continued, according to the U.S. Bureau of Labor Statistics.
Appraiserblogs
JANUARY 6, 2023
The appraisers are the convenient scapegoats every time. Anytime the real estate market takes a hit, 99% of the time it is because of banking and lending practices. The appraisers are the convenient scapegoats every time. During the 1980s it was the commercial side, yet residential appraisers received both barrels of double-odd buck. Then in 2008 again: stated income, 40 year loans, predatory lending (REFINANCING), NO money down (no skin in the game); people used their homes as a slot machine t
Inman
JANUARY 6, 2023
In advance of his appearance at Inman Connect New York on Jan. 24-26, The Agency's founder and CEO said he's always working but finds ways to unwind.
McKissock
JANUARY 6, 2023
At the end of the holiday season, we start hearing the phrase repeatedly used in weight loss industry advertisements, “New Year, New You!” January is the Black Friday of the weight loss industry, with gyms, exercise equipment manufacturers, and of course the diet and diet supplement companies, all promising a “New You!”. All that noise got me thinking.
Inman
JANUARY 6, 2023
Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Dec. 30, 2022 through Jan. 5, 2023.
BiggerPockets
JANUARY 6, 2023
The real estate market is changing, especially in high-appreciation cities like Phoenix, Arizona. This week, Ashley and Tony made the journey to the Valley of the Sun to visit real […].
Inman
JANUARY 6, 2023
RentRedi is a six-year-old software company with hundreds of thousands of units under management totaling close to $10 billion in value.
Lamacchia Realty
JANUARY 6, 2023
Lamacchia Realty's Best Blog Posts of 2022. 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 2022, these were the 10 most popular articles on our blog, covering a range of topics including market analysis, new developments, and homebuying tips.
Inman
JANUARY 6, 2023
When done right, staging evokes a stronger emotional tie for buyers, which translates to a greater commitment to the home. .
Mortgagebroker News
JANUARY 6, 2023
"Our focus is on ripping apart what you thought you knew in terms of how a real estate transaction should be closed"
Inman
JANUARY 6, 2023
Don't just coax your team to grow; show them how you do it. When you are a leader you need to have a vibrant digital presence to show your crew that you are more than just talk. You have the talent to help them connect where it counts.
Mortgagebroker News
JANUARY 6, 2023
2022 saw the number of new permanent residents arriving in the country hit an all-time high
Eppraisal
JANUARY 6, 2023
Downsizing your home can be a difficult decision to make. It can be a great way to save money, reduce stress, and simplify your life. But knowing when the right time to downsize your home, especially after living in it for quite some time, can be stressful. Just the mere thought of going through all your furniture and belongings can cause anxiety. There are a few signs to look for to help you know when it is time to downsize.
Mortgagebroker News
JANUARY 6, 2023
The region's December performance was a return to balance, housing board says
Mashvisor
JANUARY 6, 2023
Find out all the important tips, tricks, and insights on how to invest in real estate for beginners in 2023 through this comprehensive article.
Mortgagebroker News
JANUARY 6, 2023
The unemployment rate ticked downwards for the third time in four months
Housing Wire
JANUARY 6, 2023
Despite several rate hikes throughout the second half of 2022, the labor market finished the year strong. Very strong, according to the latest jobs report. And that could spell trouble for the housing market in 2023 as the Federal Reserve looks to bring inflation down through aggressive interest rate hikes. Total nonfarm payroll employment rose by 223,000 jobs from November to December, according to data released Friday by the Bureau of Labor Statistics.
Mortgagebroker News
JANUARY 6, 2023
Authorities release photos of suspects in a complex fraud case
Mortgagebroker News
JANUARY 6, 2023
The policy is intended to give buyers a chance to secure financing
Mortgagebroker News
JANUARY 6, 2023
Analyst outlines possibilities for Canada's largest banks
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