Tue.Jun 20, 2023

article thumbnail

Protecting homeowners from predatory business practices

Housing Wire

June is National Homeownership Month. It is a month when we celebrate the American Dream of homeownership and reflect on the current challenges that homeowners are facing today. The purchase of a home is one of life’s largest and most important investments, and it is critical that homeowners remain vigilant to protect this investment. During this National Homeownership Month in particular, homeowners should be wary of a new business practice preying upon vulnerable homeowners — non-title record

Business 384
article thumbnail

Freedom: the Basis of Creativity

The Appraiser Coach

I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability to do what I want, when I want, with whom I want, because I want. This is all within reason, of course. I’m not going to go out and dunk a basketball tomorrow; I’m not anywhere near the condition required for that.

Business 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Truist taps David Smith as next head of mortgage business

Housing Wire

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. Smith will replace the soon-to-be-retired Todd Chamberlain, who will assist with the transition. Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending.

Business 370
article thumbnail

Freedom: the Basis of Creativity

The Appraiser Coach

I think I’ve talked to you about my definition of wealth before. It’s not having a sports car or a big fancy house. My definition of wealth is the ability.

article thumbnail

Figure Technologies launches wholesale lending platform

Housing Wire

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. New wholesale partners of Figure can leverage the company’s HELOC technology to broker loans directly, the company said announcing the launch on Tuesday. “With Figure’s built-in digital origination process, originators have a faster time to market with less upfront hassle, enabling them to ser

article thumbnail

Lose the white paint — the mood of the day is gray

Real Estate News

The latest paint color analysis from Zillow finds that buyers are willing to pay more for a home with dark gray and earth-tone walls.

Buyers 221

More Trending

article thumbnail

Why self-storage and real estate leap-frog traditional investments

Inman

Self-storage and real estate investments provide returns and benefits that traditional investments may not offer, making them an attractive option for investors looking to diversify their portfolio and generate steady income.

article thumbnail

Traveling the World Thanks to One $6,500/Month Rental Property

BiggerPockets

A house hack that covers all living expenses and allows you to travel the world!? Many people dream of making passive income from real estate, but only some take action.

article thumbnail

The Netherlands let cities ban landlords. Here’s what happened

Inman

Home prices stayed roughly the same, but rents climbed higher. Researchers say the Dutch experiment undercut supply, though it's unclear exactly how it would play out in the U.S.

Landlords 157
article thumbnail

Tax Lien Investing: How To Find Tax Delinquent Properties Near Me

BiggerPockets

Buying tax lien properties is a great strategy for real estate investors looking to diversity. We'll explain the ins and outs of tax lien investing.

article thumbnail

Housing starts see biggest increase since 2016

Inman

Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7 percent jump from April and 5.7 percent higher than the levels recorded in May 2022, according to U.S. Census Bureau data.

article thumbnail

What Exactly is Real Estate Transfer Tax?

Lamacchia Realty

WHAT EXACTLY IS REAL ESTATE TRANSFER TAX? When creating a budget to buy or sell a home , there are extra fees that need to be factored into your financial plan such as closing costs, lender fees, and more. Another one of these added expenses to consider is real estate transfer tax. To put it simply, a real estate transfer tax is exactly what it sounds like: a tax on any change of ownership in real estate.

article thumbnail

Captivate, connect, convert: Instagram lead generation

Inman

Unlock this featured Inman Access class to hear from Michelle Berman as she shares strategies to utilize Instagram to power up your engagement, create new connections and convert new leads

article thumbnail

Why the role of mortgage brokers is more important than ever

Mortgagebroker News

Brokers and agents have an essential part to play in guiding borrowers through the current climate, says CEO

Agents 69
article thumbnail

Will chatbots make housing discrimination worse?

Inman

New artificial intelligence technology can recommend real estate listings based on neighborhoods' ethnic makeup. Experts are worried about the tech's potential for discrimination.

article thumbnail

What to Buy During the Newest Real Estate Crash

BiggerPockets

Commercial real estate has been teetering on the edge of crash territory for months now.

article thumbnail

Miami Realtors sweetens tech recipe with Chocolatechips.ai

Inman

Agents who use the new system can rapidly generate social media content, marketing visuals, property descriptions and other assets to boost market attention.

Realtors 157
article thumbnail

CMHC chief: Longer amortizations will not ensure housing affordability

Mortgagebroker News

Policymakers can take more concrete steps to alleviate consumer worries, national housing agency head says

67
article thumbnail

Now LiveEasy, moving concierge is all-in on life after closing

Inman

Moving technology and concierge company MoveEasy has rebranded as LiveEasy to accommodate new tools, better connectivity and its introduction to the rental market.

Tools 148
article thumbnail

How can brokers best advise their clients on term types?

Mortgagebroker News

Neighbourhood Holdings executive on the pros and cons of open, closed, and partially open terms

Clients 68
article thumbnail

Truist puts former Keller Williams exec in charge of home loans

Inman

David Smith will oversee Truist's direct, correspondent and warehouse mortgage channels as well as servicing for more than 1.2 million homeowners.

Mortgage 148
article thumbnail

New Canadians not ideally positioned to participate in housing market: report

Mortgagebroker News

Several vital industries have seen minuscule immigration-driven employment growth

article thumbnail

7 retirement milestones every real estate agent should prepare for

Inman

Retirement may seem like a distant dream, but, according to CFP Jordan Curnutt, understanding the key age milestones can make all the difference.

article thumbnail

Household debt levels up slightly in April, says StatCan

Mortgagebroker News

Posted increases maintained the pace of growth seen in March, says statistics agency

66
article thumbnail

WATCH: 4 video strategies I used to navigate the last downturn

Inman

Consistently creating and posting your video content on social media helps you stand out and make an impact in your market.

Marketing 148
article thumbnail

Lake View Cemetery – Final Resting Place to Seattle’s Greatest Gifts, Its People

Will Springer Realtor

Ancient pine, elm, cedar and fir trees – even a stately redwood and sequoia – dot the pasture of green separated by ribbons of asphalt. The landscape is both high and hilly, discreet and decadant. Their occupants, each with their unique life stories, rest in peace at Seattle’s longest-running burial ground. Lake View Cemetery, spread atop one of the city’s highest points at 435 ft. above sea level, covers 38 acres on North Capitol Hill.

article thumbnail

Does being ‘anti-woke’ constitute a code of ethics violation?

Inman

Hate in this country seems to be gaining popularity in a growing “anti-woke” movement that is pushing back against displays of support for Diversity, Equity, and Inclusion. Trainer Rachael Hite asks, "How does all this rhetoric land when upholding our Code of Ethics?

Brokerage 120
article thumbnail

Understanding the Basics of Buying Your First Home - Part 2 - Researching and Finding Your Dream Home

Eppraisal

In the first blog of our series, we covered the basics of preparing yourself for buying your first home. Now that you've assessed your financial readiness, obtained a pre-approval for a mortgage, and engaged a real estate agent, it's time to dive into the exciting process of researching and finding your dream home. In this second blog, we'll guide you through the essential steps to ensure a successful home search.

article thumbnail

See inside Walt Disney’s former home that rents for $40K a month

Inman

The home Disney built in the early 1930s and lived in for nearly two decades, while releasing some of his company's most iconic films, is available for rent in Los Angeles' Los Feliz neighborhood.

Investing 113
article thumbnail

What are the challenges and opportunities facing consumers in the current market?

Mortgagebroker News

Exec on the current landscape for borrowers

article thumbnail

Is the housing recession over?

Housing Wire

Housing starts are surging today and the builder’s confidence data is now in expansion territory. Does this mean the housing recession is over? As I have said many times over the last few months, the builders are efficient sellers and they’re taking advantage of an existing home sales market that is suffering from low inventory and higher mortgage rates.

article thumbnail

Nearly 1 million new homes are in the pipeline

Real Estate News

Single-family housing starts hit an annualized rate of 997,000 in May, up significantly from earlier this spring but still down year-over-year.

277
277
article thumbnail

May housing starts swell as builders respond to strong demand

Housing Wire

Homebuilders are responding to an increase in new home sales and an extremely low level of existing home inventory by getting a jump start on new projects. Privately-owned housing starts in May 2023 checked in at a seasonally adjusted annual rate of 1.63 million, about 22% above the revised April 2023 estimate of 1.34 million, according to the U.S. Census Bureau.

Inventory 384
article thumbnail

Picket’s $20M Series B a sign of proptech growth in SFR

Inman

With a focus on the single-family rental (SFR) category, Picket calls itself a provider of integrated technology and services for residential real estate investing, management and resident experience.