Tue.Jan 03, 2023

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Pending home sales fall 38% in November

Housing Wire

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9, according to data released last Wednesday by the National Association of Realtors. “Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, sa

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Real estate trends to watch in 2023

Sacramento Appraisal Blog

What’s the real estate market going to do in 2023? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 1/12/23 McKissock Webinar (register here) 1/18/23 WCR Market Update in Cameron Park (register here) 1/19/23 Big market update at SAR on Zoom (register here) 1/20/23 […].

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UWM scores partial win in broker ultimatum lawsuit

Housing Wire

Top U.S. lender United Wholesale Mortgage (UWM) notched a partial win in a lawsuit against broker shop America’s MoneyLine (AML) regarding the controversial “ultimatum” it imposed two years ago. UWM CEO Mat Ishbia announced in March 2021 that brokers who did business with Rocket Mortgage or Fairway Independent Mortgage could not also send loans to UWM, which the lender called the “All In” initiative.

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Join Us at World of Concrete 2023

GoForrmz

The GoFormz team will be exhibiting at World of Concrete in Las Vegas! We are thrilled to be attending World of Concrete in Las Vegas, Nevada, January 17-19, 2023. Will we see you there? World of Concrete 2023 World of Concrete has been serving the global concrete and masonry construction industry for almost 50 years. Industry professionals from all over the world will come together to demonstrate the latest technology, like GoFormz, and machinery available, access the newest training and techni

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Mortgage industry grieves death of Regina Lowrie, the MBA’s first female chair

Housing Wire

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. 1. She was 68. Lowrie was most recently the president and CEO of Dytrix , a fintech company that enables secure financial transactions that includes closing agent management and real-time wire/ACH transfer validation for institutions. With nearly 40 years of experience in the real estate finance industry, Lowrie is widely known for making history in 2005 as the first female elected chair of the MBA.

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Consumer Confidence Bounced Back in December

Eyes on Housing

Consumer confidence rose to an eight-month high in December as declining gas prices and easing inflation contributed to more optimistic views of economy. However, spending plans were mixed. Vacation intentions improved, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue.

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Valcre's 2022 Year-in-Review and What's Ahead

Valcre

The future of commercial real estate appraisal has arrived, and we have technology to thank. This past year, Team Valcre remained steadfast on equipping commercial real estate appraisers with a top-shelf solution for achieving a higher volume of business in less time. More than 50,000 appraisals were completed with Valcre in 2022; and it is expected that number will increase substantially as we head into 2023 and appraisers continue to seek out the tools that will give them a competitive advanta

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Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. But, we might also pull from wisdom of the ages: “If it ain’t broke, don’t fix it.”.

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These 10 Markets Could Boom In 2023—According To The NAR

BiggerPockets

2023 will be tougher for the housing market, but not the worst, according to the National Association of Realtors (NAR). The Annual Real Estate Forecast Summit, organized by the NAR, delivered […].

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Is It Better to Invest in Stocks or Real Estate in 2023?

Mashvisor

Mashvisor will help you make a well-calculated decision about whether to invest in stocks or real estate in 2023 with this thorough guide.

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Best Houston Condos Near The METRORail

Houston Properties

There Are Over 20 Condos Located Along Or Near The Houston METRORail, The Second Most-Traveled Light Rail In The Southern United States.

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The Capitalist Cult: How MLMs and Pyramid Schemes Trap Average Americans

BiggerPockets

Multi-level marketing companies (MLMs) operate in secrecy. They don’t want you to know where the products are coming from, how they’re being sold, who’s making a profit, and how the […].

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Montrose Houston Neighborhood Maps

Houston Properties

See the best areas to live in Montrose Houston based on homes, direction, and neighborhood

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Simple Steps to Start, Scale, and Grow a Real Estate Business in 2023

BiggerPockets

You want to start a real estate business. The cash flow is calling, and whether you’re looking to build passive income, escape the nine-to-five grind, or set yourself up for […].

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Houston Real Estate Market: 2023 Forecast

Houston Properties

8 Burning Questions About The 2023 The Houston Housing Market

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How can technology contribute to perfecting a brokerage's processes?

Mortgagebroker News

"This is a great time for organizations to really take a few steps back"

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What Do You Do When No One’s Watching?

The Appraiser Coach

It doesn’t happen very often, but I’m sure it’s happened to each of us at least once: while taking a payment at the door, someone pays you in cash. And. Read More.

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What are Canadians planning to focus their spending on this year?

Mortgagebroker News

New poll highlights Canadians' financial priorities in 2023

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How to Find the Right Neighborhood For You

Eppraisal

If you are in the market for buying a home, there is more to it than just finding a home that has the right number of bedrooms, bathrooms and other amenities you are looking for. You will want to consider finding the right neighborhood as well. Where you live is important as there are quite a few factors to consider when it comes to finding the right neighborhood for you.

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Investing Time, Technology to Correct Decades of Real Estate Wrongs

Will Springer Realtor

As early as the Civil War era – before Washington was a state and Seattle became a city – white settlers promoted segregation across the Pacific Northwest. Seattle officials in 1865 passed an ordinance calling for the removal of Native Americans from the town unless hired and housed by Caucasians as their help. This, in effect, marked the beginnings of our city’s race-based housing discrimination, established by one group of citizens against others.

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Canada stress test decision – RBC verdict

Mortgagebroker News

Reaction to the regulator's key move

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First Time Home Buyer Programs

Houston Properties

2023 quick guide for first time Houston home buyers. Also includes common mistakes that first time home buyers commit.

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How large is Canada's current HELOC load?

Mortgagebroker News

OSFI releases latest HELOC data

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December 2022 Home Data Index Market Report

Clear Capital

The December 2022 Home Data Index (HDI ) Market Report shows national quarter-over-quarter (QoQ) home price growth is at -3.2 percent. Download the report , or read it below. Commentary by Brent Nyitray of The Daily Tearsheet. Home price appreciation decelerated again in December as the Clear Capital Home Data Index fell 3.2% quarter-over-quarter (QoQ) and rose 8.7% on a year-over-year (YoY) basis.

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How is GTA multi-residential investment faring?

Mortgagebroker News

Avison Young unveils latest GTA market report

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Appraising Small Income Properties

McKissock

As part of our contributor series, Steven W. Vehmeier, Appraisal Educator Emeritus, shares his insights into appraising small income properties. The topic of this blog is two-to-four unit residential income properties. The purpose is to address common misconceptions about appraising these unique investment properties, as well as to emphasize the important factors an appraiser must consider.

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November Private Residential Spending Dips

Eyes on Housing

Private residential construction spending declined 0.5% in November, as spending on single-family construction plunged 2.9%. Private residential construction spending fell for the six consecutive month, standing at an annual pace of $868 billion. However, this total remains 5.3% higher compared to a year ago. The monthly decline is largely attributed to lower spending on single-family construction, which has also declined.

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loanDepot starts 2023 with changes to its warehouse credit line agreements

Housing Wire

California-based mortgage lender loanDepot made changes to its credit line agreement with two of its warehouse lenders going into 2023 amid shrinking origination volume in the previous year. In late December, Dallas, Texas-headquartered NexBank adjusted the revolving credit note to $200 million from $268 million in the previous year, according to a U.S.

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What training will Ontario mortgage brokers need by 2024?

Mortgagebroker News

"This will affect every single licensee in Ontario"