Housing Wire

NOVEMBER 4, 2022

On Friday, the Bureau of Labor Statistics reported that 261,000 jobs were created and we had 29,000 positive revisions to prior reports. This means the honey badger labor market will keep the Federal Reserve from pivoting anytime soon. . This has been a theme of mine lately. Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data.

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Marketing Construction Mortgage Housing Market 501

Eyes on Housing

NOVEMBER 4, 2022

Job growth slowed in October as the Fed continues its tightening of financial conditions to fight inflation, but the overall labor market remains tight. The unemployment rate increased by 0.2 percentage points to 3.7% in October as the number of persons in the labor force decreased for the second straight month.

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Housing Wire

NOVEMBER 4, 2022

Job growth continued in October, but at a slower pace as the Federal Reserve continues to raise interest rates. Total nonfarm payroll employment rose by 261,000 jobs from September , according to d a ta released Friday by the Bureau of Labor Statistics. So far this year, monthly job growth has averaged 407,000, down from an average of 562,000 per month in 2021.

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Construction Real Estate Housing Market Mortgage 395

Eyes on Housing

NOVEMBER 4, 2022

Spurred by elevated savings early in the pandemic and encouraged by lower interest rates, rising numbers of young adults left parental homes in 2021. As a result, the share of young adults ages 25-34 living with parents or parents-in-law declined and now stands at 20.2%, according to NAHB’s analysis of the 2021 American Community Survey (ACS) Public Use Microdata Sample.

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Law 130

Housing Wire

NOVEMBER 4, 2022

The National Association of Realtors (NAR) released a report on Friday that found 88% of all first-time homebuyers in the U.S. are white, while 8% are Hispanic, 3% are Black and 2% are Asian. The share of Black and Asian first-time buyers is down from 6% in 2021, while the share of white first-time buyers is up from 82% and Hispanic homebuyers up from 7%.

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JMV Lending

NOVEMBER 4, 2022

If you are one of the many homebuyers looking to qualify for an FHA loan to purchase a primary residence, you will need to get an appraisal. An FHA appraisal establishes the value of the property you are purchasing and makes sure that it is safe for its new occupants. What Is An FHA Loan? […] The post Are FHA Loan Appraisals Public? appeared first on JVM Lending.

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Housing Wire

NOVEMBER 4, 2022

United Wholesale Mortgage (UWM) is now the biggest mortgage lender in America, thanks in large part to a cut-rate pricing strategy that has put extreme pressure on competitors. UWM originated $33.5 billion in the third quarter, toppling its arch rival Rocket Mortgage ‘s $25.6 billion in production. Purchase loans accounted for 82.7% of UWM’s mix in the third quarter.

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Loan Officers Retail Mortgage Investing 81

Lamacchia Realty

NOVEMBER 4, 2022

Cyndi Deshaies has officially qualified for the highly sought-after distinction of President’s Club ELITE! While Cyndi has qualified for the Lamacchia Realty President’s Club for 2 years in a row , this is her first year achieving the ELITE level by surpassing 50 transactions in 2022! After joining the company in 2018, she quickly grew her business no matter what obstacle life put in her path.

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Realty Clients Agents Realtors 74

Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. By McKissock. Excerpts: In a nutshell, our survey respondents recommended that you should: 1) do your research and get to know the AMCs, 2) build a relationship with them, 3) treat the relationship as a partnership, and. 4) prioritize communication. Build a relationship. “Be personable so they remember you.”.

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Reconsideration of Value Appraisal Inspection Advertising 52

Lamacchia Realty

NOVEMBER 4, 2022

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for October 2022! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! October 2022 Winners of the Top 10 for the Company are: Laurie Howe Bourgeois has been a licensed REALTOR® since 2000 and in the customer service industry for 34 years.

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Realtors Realty Real Estate Agents 68

BiggerPockets

NOVEMBER 4, 2022

Medium-term rentals are not new to real estate investing, but most investors have hardly heard of them. For years, corporate travelers would rent a room, apartment, or small property for […].

Real Estate 59

Real Estate Investors Investing Marketing 59

Lamacchia Realty

NOVEMBER 4, 2022

Anthony Lamacchia was recently featured in an article by Boston.com. The article discusses the National Association of Realtors’ newest buyers and sellers report, which was released yesterday. Anthony explains the impact that the current real estate market has had on buyers everywhere. To read the full article, click here , or on the picture to the right. .

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Real Estate Realty Sellers Buyers 63

BiggerPockets

NOVEMBER 4, 2022

It can take a long time to save enough money to buy a home or raise your credit score high enough to get desirable rates. In the meantime, you wind […].

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Investing Real Estate 56

Mortgagebroker News

NOVEMBER 4, 2022

New spending to ease the central bank's policy burden by supporting low-income workers and waiving student loan interest fees

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Hank Miller Team

NOVEMBER 4, 2022

Well add this to the list of “No chit Sherlock” observations coming out of the last two years. Seems that just over 70 of recent homebuyers have buyer’s remorse. In Feb '21 we noted that 44 of homebuyers had buyer's remorse, these new stats are bonkers. This number is a bit of a surprise and the reasons have to do with price but also with just about every other aspect of the buyer's transactions.

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Buyers Real Estate Agent Agents Real Estate 40

Mortgagebroker News

NOVEMBER 4, 2022

More brokers getting training and coaching on mortgage creditor insurance, says executive

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Training Insurance Marketing Mortgage 65

Mashvisor

NOVEMBER 4, 2022

As we stand less than two months away from 2023, many real estate investors are wondering how to find rental properties for sale near me.

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Investors Real Estate Investing 36

Mortgagebroker News

NOVEMBER 4, 2022

Price declines are likely to persist over a prolonged period, new survey warns

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Eppraisal

NOVEMBER 4, 2022

Real estate investing carries all kinds of potential benefits along with a slew of inevitable problems. The hard facts that properties do not maintain themselves; that good tenants do not pop up out of the blue; and that codes and ordinances require active compliance demand time and attention on the part of landlords -- or their designees. In reality, real estate represents passive income insofar as owners share some of that revenue with active managers.

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Property Management Landlords Tenants Law 36

Mortgagebroker News

NOVEMBER 4, 2022

Outsized rate hikes were the main source of downward pressure, industry association says

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Marketing 60

Housing Wire

NOVEMBER 4, 2022

There has been a flurry of recent articles prognosticating a decrease to Federal Housing Administration (FHA) insurance premiums. Several trade groups including the Mortgage Bankers Association have corresponded with the HUD Secretary in support of cuts. One news article suggested a possible presidential announcement of FHA premium reductions prior to the November elections.

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Insurance Mortgage Development Valuation 417

Mortgagebroker News

NOVEMBER 4, 2022

Now more than ever is the time for education and knowledge to shine through, says exec

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Marketing 57

Mortgagebroker News

NOVEMBER 4, 2022

Figures for last month have blown away forecasts

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Mortgagebroker News

NOVEMBER 4, 2022

Access to financing is a perennial problem for devout Canadian Muslims, industry players say

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Finance Mortgage 36