Thu.Jun 22, 2023

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Appraisal Insights firm launches to help combat bias in appraisals

Housing Wire

Appraisal Insights , an appraisal education company committed to eradicating bias, announced its official launch this week. The goal is to quip key stakeholders and decision-makers in the housing industry with the knowledge necessary for preventing bias and enhancing the quality and integrity of real estate appraisals. Founded by Jillian White , an SRA-designated appraiser with over two decades of leadership experience, the firm offers expertise to non-appraiser stakeholders, including regulator

Appraisal 370
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A new home rebound & avocado toast

Sacramento Appraisal Blog

The housing market for new homes is rebounding, but that’s definitely not how I’d describe the rest of the market. Today I have some thoughts about new construction, avocado toast, and positioning yourself for the market that is happening. Skim or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 6/30/23 Halftime report with Ben Johnston 10am (Zoom) […] The post A new home rebound & avocado toast first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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FHFA housing, condo co-op lending guidelines need improvement: Trade groups

Housing Wire

A coalition of trade associations — the Community Home Lenders of America (CHLA), the Community Association Institute (CAI) and the National Association of Realtors (NAR) — have submitted a letter to the Federal Housing Finance Agency (FHFA) that requests transparency in the development of final lending requirement guidelines for condominium and housing co-operatives.

Lending 370
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‘Agents are core’: Zillow's push to win over agents, innovate through tech

Real Estate News

Errol Samuelson, chief industry development officer, explains how Zillow plans to stay on top in a growing crowd of real estate portals and agent services.

Agents 260
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AmeriFirst Financial gets back into forward mortgage origination

Housing Wire

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial.

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Existing home sales and inventory tick up slightly as prices soften

Real Estate News

Numbers are still far below where they were a year ago, and inventory gains are largely due to the "abundant" supply of newly constructed homes.

Inventory 229

More Trending

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Revised forecast a sign that spring was more showers than flowers

Real Estate News

Realtor.com previously predicted home prices would rise 5.4% by the end of 2023 but now expects a 0.6% decline.

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In acquisition mode, Planet closes a $10B MSR deal  

Housing Wire

Connecticut-based lender and servicer Planet Home Lending announced on Thursday a deal that boosts its servicing portfolio, which the company claims is already above the $90 billion mark. Planet has acquired a $10 billion mortgage servicing rights (MSR) bulk of Ginnie Mae loans from Village Capital & Investment LLC. and anticipated that it will continue bidding for MSRs in the second half of the year, engaging in bulk and co-issue transactions.

Lending 370
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Little movement in mortgage rates signals a slow summer

Real Estate News

Rates dipped only slightly this week in Freddie Mac's survey, inching down from 6.69% to 6.67%.

Mortgage 189
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The anti-LGBTQ+ movement IS a real estate issue. Here’s why

Inman

Erin Morrison, 2022 National President Elect of the LGBTQ+ Real Estate Alliance and proud Texas Realtor, is afraid. And so are some of your clients. Here’s what you need to know.

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Employment Situation in May: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 39 states and the District of Columbia in May compared to the previous month, while 11 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 339,000 in May, following a gain of 294,000 jobs in April. On a month-over-month basis, employment data was strong in Texas, which.

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Nearly 1 out of every 10 homes sold in Q1 was flipped: Report

Inman

Home-flipping activity remained high during the first three months of the year after a sharp drop. Profits also rose slightly, according to property data firm Attom.

Investing 164
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Real Estate Appraiser Tips for Increasing Your Home Appraisal Value

Appraisal Hub

Are you selling your home? Like any seller, you want to get the best deal and close quickly. Real estate appraisal companies can guide you in pricing your property accurately and fairly so that it doesn’t stay too long in the market. Their report can also reveal what repairs you can do to potentially increase the value of your home. But while the appraiser plays a crucial role in assessing the value of a property, there are proactive steps you can take to enhance the likelihood of receiving a hi

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5 luxury home staging trends that should be on your radar in 2023

Inman

Staging leaves a lasting impression on potential buyers. Chris Pollinger sat down with Nicole Senia and Samantha Senia of Elite Home Staging to uncover the latest trends in luxury design.

Design 157
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Why Few Listings? 82% Have a Mortgage Rate Below 5%

Empire Appraisal Group

Why Few Listings? 82% Have a Mortgage Rate Below 5% Source: [link] By Kerry Smith Homeowners don’t want to lose a mortgage rate that saves them hundreds of dollars a month. And of today’s owners with a mortgage, 1 in 4 enjoys a rate less than 3%. SEATTLE – More than nine of every 10 (91.8%) U.S. homeowners with a mortgage have an interest rate below 6%, according to a report from Redfin.

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Newzip helps mortgage lenders connect borrowers to agents

Inman

Former Keller Williams Realty exec's startup enables virtually any mortgage lender to emulate programs offered by bigger rivals, such as Rocket Mortgage, loanDepot and Better.

Mortgage 148
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How to Choose a Multifamily Realtor

BiggerPockets

If you are buying or selling a multifamily property, the realtor you choose could be important. Learn about what to look for when finding a multifamily realtor.

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SERHANT faces another lawsuit related to allegedly taking data

Inman

The lawsuit launched at the brokerage led by the "Million Dollar Listing" star alleges that SERHANT. and two recently recruited agents stole trade secrets, marketing data and listings from the Florida-based Sutter & Nugent.

Brokerage 148
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Angela Harkins is the First to Qualify for 2023 Lamacchia Realty President’s Club

Lamacchia Realty

Angela Harkins is officially the first REALTOR to qualify for the 2023 President’s Club by surpassing $16,000,000 in sales volume! This is Angela’s 7th year achieving this milestone, and we couldn’t be happier for her! Additionally, she is a member of the 2020, 2021 President’s Club ELITE. Before moving to the new Salem, New Hampshire office, Angela was the winner of the Highest Sales Volume Award for the Chelmsford office for 2022 and also qualified for the 2022 Lamacchia Realty Top Pro

Realty 69
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US needs 4.3M homes to close the affordability gap: Zillow

Inman

During 2021, there were 8 million "missing households" across the country — families without homes of their own — compared to just 3.7 million housing units available for rent or sale, according to Zillow.

Marketing 148
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Michael Valencia Qualifies for the 2023 Lamacchia Realty President’s Club

Lamacchia Realty

Michael Valencia, P.A. has officially qualified for the 2023 President’s Club by surpassing $16,000,000 in sales volume this year! This is Michael’s first time qualifying, and we couldn’t be more excited for him! Since joining Lamacchia Realty in December 2022, Michael has consistently been a top producer both company-wide and in our Fort Lauderdale office.

Realty 69
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Ready to start investing? Here are the ins and outs to get you started

Inman

If you're just starting out, here's how to choose your investment property and increase its value for maximum return on investment.

Investing 164
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Navigating Divorce and Homeownership

Lamacchia Realty

NAVIGATING DIVORCE AND HOMEOWNERSHIP When faced with divorce and shared homeownership, you and your spouse must decide whether to sell your home and vacate the property or if one of you will buy out the other. Alternatively, some couples choose to maintain joint ownership of the property. Your home is most likely your largest asset, making it crucial to carefully address during this challenging time.

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7 telltale signs an agent or staff member is about to split

Inman

Some turnover is inevitable, writes Livian's Erin McCormick Torres. Watch out for these changes in behavior that indicate a split from the team is on the horizon.

Agents 148
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Mortgage tech trends: Everything you need to know

Mortgagebroker News

Using the latest mortgage tech trends can help lenders and borrowers find the right fit. Here is everything you need to know about mortgage tech trends.

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Home sales see typical boost in May to close a sluggish spring

Inman

The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000.

Realtors 157
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What is an ADU?

San Jose Real Estate

What is an ADU? This lingo may crop up in housing conversations and leave some hearers baffled, though it’s been in the news quite a lot in recent years. ADU explained ADU stands for Accessory Dwelling Unit.

Law 59
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5 reasons you don’t have a listings-based real estate business (yet)

Inman

It's important to build your real estate business on listings to generate ongoing, reliable growth. Here's what might be holding you back.

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Rental market significantly tightened in 2022, according to CMHC

Mortgagebroker News

Demand accelerated due to a rebound in immigration and stronger purchasing power, says deputy chief economist

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The benefits of text messaging marketing for business growth

Inman

Ready to refresh your text message marketing efforts? Anthony Marguleas’ 7-step text message marketing blueprint will teach you innovative techniques and strategies to elevate your business.

Business 146
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Fixed-rate mortgage holders yet to feel impact of higher rates, says analyst

Mortgagebroker News

Those borrowers should brace themselves for payment shock within a few years’ time, observer warns

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Could your cold calls get you into legal hot water?

Inman

This week on The Download, we take a look at the latest Keller Williams class-action lawsuit over cold calling.

Legal 148
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Where does opportunity lie in Canada's housing market?

Mortgagebroker News

Challenges may be steep – but some conditions are favourable for would-be buyers, executive says

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Broker Spotlight: Bobby Carmody and Greg Link, Jr., The Agency Coeur d’Alene

Inman

Today the spotlight shines on Coeur d'Alene, Idaho, managing brokers Bobby Carmody and Greg Link, Jr. of The Agency.

Brokerage 114