Tue.Apr 16, 2024

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Powell makes it clear: No rate cuts anytime soon

Housing Wire

Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. This is a change from previous statements where the Fed talked about the rate cuts it expected to make this year — although that timeframe has changed several times.

Retail 500
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Strong opinions about the housing market

Sacramento Appraisal Blog

Everyone is entitled to an opinion, but I find some people sounding off about housing seem disconnected from the actual market. I want to talk about that below and share some trends. Skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 Empire Home […] The post Strong opinions about the housing market first appeared on Sacramento Appraisal Blog.

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Opinion: Is the industry positioned for a mass exodus of real estate agents?

Housing Wire

In the wake of the recent NAR settlement , coupled with persistently sluggish home sales and high interest rates , real estate agents find themselves at a crossroads marked by uncertainty and unease. Amidst this backdrop, brokerages face a critical task; keeping their agent counts from diminishing. However, with many agents feeling uncertain about their futures, a potential mass exodus from the industry may be looming.

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Commissions, steering and the MLS: Myths and realities

Real Estate News

During a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.

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NPR podcast takes a closer look at reverse mortgages

Housing Wire

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That’s what drove a listener of the podcast “The Indicator from Planet Money,” a production of National Public Radio (NPR), to ask hosts Wailin Wong and Darian Woods about the product during a recent episode.

Mortgage 432
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Major homebuilder objects to commissions settlement process

Real Estate News

PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.

Sellers 271

More Trending

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Commissions won't count against limits, Fannie and Freddie say

Real Estate News

The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.

Finance 284
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Legacy Group Capital acquires home equity investment fintech Rook Capital

Housing Wire

Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As [HEIs] evolve and grow into a foundational component of the real estate market, the need to empower builders with a homebuyer-focused HEI is paramount,” Legacy said in its announcemen

Investing 431
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Dovenmuehle Taps Aaron Belovsky as Chief Data Officer

Appraisal Buzz

Aaron Belovsky has joined subservicer Dovenmuehle Mortgage as chief data officer (CDO). Belovsky has more than two decades of software engineering experience. Most recently, he served as engineering manager at Pixelberry Studios, where he contributed to the company’s go-to-market strategy and coached the organization on agile methodology. In addition, Belovsky has held software engineering and leadership roles across verticals in healthcare, software consulting, hospitality and government sector

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Judge denies Sitzer/Burnett plaintiffs’ motion for entry of judgement

Housing Wire

The judge overseeing the Sitzer/Burnett commission lawsuit will not issue a final ruling on the HomeServices of America defendants just quite yet. In a filing on Monday, Judge Stephen Bough denied the plaintiffs’ motion for entry of judgement without prejudice, meaning that the plaintiffs could file another motion for entry of judgement in the future.

Law 420
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Agents optimistic about the market, concerned about buy-side pay

Real Estate News

A new survey from Real Brokerage offers insight into agent sentiment and how they really feel about the industry changes set to go into effect this summer.

Agents 230
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Real estate agents, are you a text offender?

Housing Wire

Are you tired of your text messages causing more confusion than closings in the real estate world? Wondering if you may have offended a prospect? Curious why you’re being ghosted at times? We’ve curated the ultimate guide to texting etiquette for agents. From dodging grammatical gaffes to perfecting your timing, these ten rules are your secret weapon for text message triumph.

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Zillow launches ‘Home Just Got Real’ ad campaign

Inman

Just in time for spring homebuying, portal powerhouse Zillow has released a new ad campaign aimed at celebrating the persistence of millennial and Gen-Z homebuyers amid market headwinds. The ad series, "Home Just Got Real," includes two 30-second and one 15-second videos that highlight the reasons people buy — a place for their child to grow up or a home big enough for their furry friends — and the lengths they go to achieve their dreams.

Marketing 157
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Remaining Batton defendants look to have suit dismissed

Housing Wire

Defendants in the behemoth Batton homebuyer commission lawsuit filed a ream of motions on Monday seeking to have the class-action allegations struck down and dismissed. The Batton suit consists of two separate lawsuits filed by the same homebuyer plaintiffs, alleging that the National Association of Realtors (NAR) and several of the nation’s largest corporate real estate firms conspired to adopt and enforce anti-competitive rules applicable to the vast majority of real estate brokers, resulting

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Building Powerful Digital Manufacturing Checklists

GoForrmz

Originally published on 04/23/2019 Streamline manufacturing procedures with digital and online forms Digital and online forms drastically simplify manufacturing inspections, procedures, and oversight. This is achieved through robust digital capabilities that are unattainable via manual, paper-based processes. One of the most versatile tools is the GoFormz online form builder , which can create customizable digital forms, such as the digital manufacturing checklist.

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Retail losses lead February decline in reverse mortgage volume

Housing Wire

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted on the wholesale side of the business, according to RMI.

Retail 401
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Use intentional reflection to optimize your decision-making

Inman

Embrace reflection as a tool for your growth, coaches Emily Bossert and Melanie Klein write. From clarifying your purpose, to redefining your goals and cultivating adaptability, this practice will allow you to control the ebbs and flows of your business more smoothly.

Tools 147
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UWM Underwriters Subsidized by Appraisers

Appraiserblogs

The $29 fee also happens to nearly match the average hourly base salary of $29 for UWM underwriters. United Wholesale Mortgage (UWM) began an aggressive campaign in September 2021 to recruit appraisers for their new Appraisal Direct system, which aimed to cut out appraisal management companies as middlemen. Through repeated emails, they urged appraisers – both current and former, alive or deceased – to partner directly with UWM through ANOW.

Appraisal 124
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Homeseller sentiment is lukewarm as spring homebuying ramps up

Inman

Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they'll be aligning their sales with a late-year rate drop.

Sellers 146
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Housing Starts Fall on Interest Rate, Financing Concerns

Eyes on Housing

Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a.

Finance 120
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What agents do post-settlement will define Real Estate 3.0

Inman

Two major real estate market transformations defined the past 50 years, writes CEO Patrick Kilner. Are we ready for whatever comes next?

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Afton Oaks Houston Neighborhood Maps

Houston Properties

Afton Oaks Houston Neighborhood Maps: Two new Afton Oaks Maps. Afton Oaks map, direction, neighborhood and real estate guide. Afton Oaks Houston homes.

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Big Tech loses its appetite for office space, adding to landlords woes

Inman

Tech firms such as Meta, Amazon, Salesforce and Google are offloading office space and letting leases expire.

Landlords 159
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Navigating Carbon-Free Living: Insights for King County Residents

Will Springer Realtor

It’s important to set goals in various aspects of life, from personal relationships to career aspirations. Yet, how often do we consider setting goals to reduce our carbon footprint? Making the switch to energy-efficient appliances, transitioning to electric or hybrid vehicles and embracing renewable energy sources are all steps towards cutting greenhouse gas emissions and fostering a more sustainable lifestyle.

Law 59
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Sun Belt property managers merge as Bryten Real Estate Partners

Inman

Phoenix-based MEB Management Services and St. Petersburg, Florida-based Weller Management announced their merger on Monday.

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BC home sales slide as buyers anticipate rate cuts

Mortgagebroker News

Buyers opt to wait for Bank of Canada policy shifts

Buyers 80
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Lesson Learned: Find and follow great role models

Inman

Find out how top producer Juan Carlos Barreneche leveraged great advice to build out a team and create his own training community.

Training 116
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Unlicensed mortgage agent faces penalties from FSRA

Mortgagebroker News

Allegations include receiving improper payments, using fake titles

Agents 71
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The Hidden Property Damage That Could Ruin Your Home Renovation…

BiggerPockets

Added home renovation costs can ruin your plans to own the perfect rental property. When this happens, how do you come up with the extra funds?

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CMBA-BC conference welcomes industry 'All Stars' in Vancouver

Mortgagebroker News

Find out what happened on the opening day…

75
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Embracing the Future: How AI Will Transform Homes

Eppraisal

In the realm of technological advancements, Artificial Intelligence (AI) stands out as a transformative force reshaping various aspects of our lives. One area poised for significant change is our homes. As AI continues to evolve, its integration into household systems and appliances promises to revolutionize how we live. Understanding AI in the Home AI in the context of home automation refers to the ability of machines to replicate human-like intelligence to perform tasks autonomously or in resp

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Metro Vancouver housing starts hit record high

Mortgagebroker News

But home construction doesn't tell the whole story

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The ‘double-edged sword’ of dual licensing

Housing Wire

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. But it’s a tough road to hoe. (AI image generated by MidJourney.) As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground.

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Canadians embrace co-ownership to afford homes

Mortgagebroker News

Multi-family homebuying surges as buyers pool resources

Buyers 65