Housing Wire

JUNE 14, 2023

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. The Federal Open Markets Committee (FOMC) has decided to pause its rate hikes in June after data that pointed to cooling inflation and the need to assess how much banks have slowed down their lending due to the recent tumult in the sector.

Mortgage 384

Mortgage Real Estate Investors Marketing 384

George Dell

JUNE 14, 2023

Standards enforce appraisal review as well as development and reporting. Editor’s Note: This is Standards, part IIIc of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. This is the third part topic of the larger topic of how standards may help or hinder the move into […] The post Move to EBV? Standards appeared first on George Dell, SRA, MAI, ASA, CRE.

Development 195

Development Appraisal Valuation 195

Housing Wire

JUNE 14, 2023

About 60% of mortgage industry professionals in the U.S. are living paycheck to paycheck, an issue caused primarily by inflation, high interest rates and fewer deals, according to a study released this week by payroll technology company Everee. “The survey of 314 U.S.-based professionals in the mortgage industry with commission-based roles also found that over 31% plan to leave the industry within the next year, and another 15% are unsure where their future in the mortgage industry stands,” the

Loan Officers 384

Loan Officers Mortgage Technology Finance 384

Real Estate News

JUNE 14, 2023

Errol Samuelson, chief industry development officer for Zillow, discussed the company’s "housing super app," empowering agents, and consumer innovations.

Agents 230

Agents Development 230

Housing Wire

JUNE 14, 2023

There has been a seismic shift in the mortgage industry, and it has redefined how mortgage originators must approach the new market , as mortgage rates have more than doubled from their 2022 lows. Over the past few years, 90% of new business has come from refinances , but the landscape has flipped, and we are in a purchase product-driven market, forcing the entire industry to be agile and adjust to a new normal.

Technology 366

Technology Clients Business Mortgage 366

Real Estate News

JUNE 14, 2023

After 10 consecutive rate hikes, the Federal Reserve announced at today's meeting that it would hold rates steady.

Real Estate 248

Real Estate 248

Real Estate News

JUNE 14, 2023

MoxiWorks adds Local Logic; CubiCasa goes 3D; Restb.ai partners with CVR MLS and UtahRealEstate.com; Chime and DirectOffer added as solution providers.

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Housing Wire

JUNE 14, 2023

Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra and allies in the U.S. Senate addressed the impending decision by the U.S. Supreme Court on the CFPB’s constitutionality during the Senate Banking Committee hearing on Tuesday. Sen. Sherrod Brown (D-Ohio), the committee chairman, asked Chopra during the hearing what it would mean for the CFPB to lose its independent funding structure.

Legal 362

Legal Law Government Realtors 362

Eyes on Housing

JUNE 14, 2023

The Federal Reserve’s monetary policy committee maintained the federal funds rate at a top target rate of 5.25% at the conclusion of its June meeting. The Fed will also continue to reduce its balance sheet holdings of Treasuries and mortgage-backed securities. Despite the June pause, the Fed’s projections indicated perhaps two more rate hikes are in store in the coming.

Mortgage 174

Mortgage 174

Housing Wire

JUNE 14, 2023

Two straight weeks of mortgage rate declines helped spur consumer demand, according to the latest figures from the Mortgage Bankers Association. For the week that ended June 9, mortgage applications climbed 7.2% from the prior week. It can partly be explained by the 30-year fixed rate decreasing to 6.77% during roughly the same period. “Mortgage applications were up over the week, but remained well below levels from a year ago,” said Joel Kan, MBA’s vice president and deputy chief economist.

Mortgage 265

Mortgage Inventory Marketing 265

Inman

JUNE 14, 2023

Sherry Chris, who recently retired, formerly led both brands. Now Ginger Wilcox will lead BHGRE while Alex Vidal leads ERA, according to an announcement Wednesday by Anywhere Real Estate.

Real Estate 155

Real Estate Brokerage Agents 155

Appraiserblogs

JUNE 14, 2023

Appraisers, on Thursday, before the Memorial Day holiday, I circulated across the US an email asking for response to a simple two question survey about how you “adjust” the GLA square footage between the Subject and Comparables. The questions: adjust 100% of the square foot difference, or adjust the difference after a ‘threshold’ square foot amount (meaning not the full 100% difference).

Appraisal 142

Appraisal 142

Inman

JUNE 14, 2023

The vast majority of United States homeowners boast a mortgage rate below the current average of 6.71 percent — a bittersweet pill that explains the stalemate playing out in housing markets across the country.

Mortgage 155

Mortgage Housing Market Marketing 155

Eyes on Housing

JUNE 14, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending June 9th, total mortgage activity increased 7.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell five basis points to 6.77%. The FRM rate has risen 20 basis points over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose.

Mortgage 113

Mortgage Marketing Lending Finance 113

Inman

JUNE 14, 2023

Following eight months at Engel & Völkers, McLaughlin has returned to The Agency. She told Inman she initially left the brand because of logistical issues surrounding her launch in Aspen.

Logistics 146

Logistics Agents Brokerage 146

GoForrmz

JUNE 14, 2023

Watch the video recap of the GoFormz Office Hours webinar, from June 14, 2023 Back for another quarterly update, the GoFormz team is happy to present the latest feature updates you may have missed - and a sneak peek at what’s coming soon! If you couldn’t join our live webinar, don’t worry! The full recap video is here to walk you through the latest product updates and new features within the GoFormz platform.

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Inman

JUNE 14, 2023

Ambuehl, who once had a career as an actress, will lead AKG | Christie's International Real Estate's Beverly Hills office. Last year, she sold more than $250 million in real estate, according to a report.

Brokerage 145

Brokerage Agents Real Estate 145

Valuation Review

JUNE 14, 2023

Lamar Ellis of Drone Education Services, one of the leading authorities on drone technology, reached out to Valuation Review to share thoughts from his article, “The New Real Estate.” Ellis said aerial technology is about to change the landscape of the real estate market. Read on for the full story.

Real Estate 78

Real Estate Valuation Review Valuation Technology 78

Inman

JUNE 14, 2023

While Fed policymakers currently see the need for two more rate hikes this year, some economists think the economy will continue to cool without further tightening.

Mortgage 148

Mortgage Marketing 148

Valuation Review

JUNE 14, 2023

Foundation Mortgage Corp. recently announced the OptifiNow TPO CRM platform has helped it rapidly grow its wholesale mortgage division within two months of launching its TPO channel. In a press release, Foundation Mortgage CEO Marc Halpern commented on this growth opportunity.

Lending 60

Lending Mortgage 60

Inman

JUNE 14, 2023

Mortgage lenders tightened standards for the third month in a row in May, with mortgage credit availability falling to the lowest level since January 2013.

Mortgage 153

Mortgage Lending Marketing 153

Valuation Review

JUNE 14, 2023

Consolidated Analytics recently announced its approval as a service provider for data collection field services to support Fannie Mae’s value acceptance + property data. Consolidated Analytics has worked closely with Freddie Mac and Fannie Mae to support their appraisal modernization initiatives.

Modernization 60

Modernization Appraisal 60

Inman

JUNE 14, 2023

For Realtors who want to be the best at their craft, team leader Carl Medford writes, it means taking the required abilities, practicing more than their competition and then seeking out a coach to help fine-tune each area of practice until mastery is achieved.

Agents 139

Agents Realtors Development Marketing 139

Valuation Review

JUNE 14, 2023

With the median home sales price having skyrocketed from $313,000 in Q1 2019 to $436,800 in Q1 2023, the personal-finance website WalletHub recently released its report on 2023’s “Most Affordable Cities for Home Buyers.” A comparison of 300 US. cities across 10 metrics were used for the survey.

Finance 60

Finance Buyers 60

Inman

JUNE 14, 2023

The CEO of coaching and training business SparkTank Media dished on how artificial intelligence will enhance lead prospecting and where agents are failing amid a murky economic landscape.

Agents 138

Agents Training Business Marketing 138

Valuation Review

JUNE 14, 2023

Black Knight, Inc. reports the following analysis of the April 2023 month-end mortgage performance statistics. The numbers are derived from its loan-level database, representing the majority of the national mortgage market. Read on for more information.

Inventory 60

Inventory Mortgage Marketing 60

Inman

JUNE 14, 2023

According to broker-owner Phillip Cantrell, being a real estate practitioner is one of the most important careers in our entire economy. Here's why.

Real Estate 148

Real Estate Real Estate Agent Brokerage Agents 148

Valuation Review

JUNE 14, 2023

Valuation Review concludes its conversation with the regional owner of EXIT Mid-Atlantic who works with and supports all of the EXIT real estate franchises in the Mid-Atlantic territory that includes the states of Maryland, Delaware, West Virginia, Pennsylvania and the District of Columbia. & Jonathan Rundlett shares more company “secrets to success.

Real Estate 78

Real Estate Valuation Review Business Valuation 78

Inman

JUNE 14, 2023

From leveraging artificial intelligence to navigating the complexities of SEO and online marketing, real estate pros need to be at the top of their game.

Real Estate 147

Real Estate Marketing Technology Agents 147

Lamacchia Realty

JUNE 14, 2023

TIPS & TRICKS: HVAC SYSTEM MAINTENANCE FOR YOUR HOME While summer brings beautiful weather, it also brings soaring temperatures that can make your home unbearably hot. If you’ve experienced an air conditioning unit breaking down on the hottest day of the year, you understand the importance of having a comfortable, cool home through the summer.

Inspection 70

Inspection Buyers Sellers Investing 70

Inman

JUNE 14, 2023

Deal sets the stage for TransUnion to go head-to-head with Equifax's verification service, The Work Number, and help mortgage lenders speed up closings.

Mortgage 139

Mortgage Technology 139

Lamacchia Realty

JUNE 14, 2023

We are proud to share that 24 of our REALTORS ® have been ranked on the 2023 RealTrends America’s Best Real Estate Professionals. The list includes almost 24,000 U.S. real estate sales associates from every state. Real Trends states the agents listed are in the top 1.5% of more than 1.6 million licensed REALTORS® nationwide! Individual Sale Sides Ranking (Units Sold) - Massachusetts Name Sides State Rank Office Eileen Doherty 75 11 Woburn, MA Laurie Howe Bourgeois 62 26 Leominster, MA Cyndi Des

Realtors 69

Realtors Realty Real Estate Tools 69

Inman

JUNE 14, 2023

The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled.

Inventory 145

Inventory Sellers Buyers Marketing 145

BiggerPockets

JUNE 14, 2023

With the always-changing and competitive legal environment, it's as important as ever to protect your business, specifically your tax strategy.

Business 76

Business Real Estate Legal 76