Mon.Feb 06, 2023

article thumbnail

Housing Market Tracker: Inventory and purchase applications data fall together

Housing Wire

Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market.

Inventory 430
article thumbnail

The Aging Housing Stock

Eyes on Housing

The median age of owner-occupied homes is 40 years, according to the latest data from the 2021 American Community Survey[1]. The U.S.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Borrowers opt for permanent rate buydowns amid affordability challenges

Housing Wire

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front.

Inventory 385
article thumbnail

Why LEED-certified residences are so rare — but growing in popularity

Inman

It’s no surprise that for today’s eco-conscious buyers, LEED-certified residences represent a prize like no other. However, for now, such homes are a rarity. Here’s a closer look at why that’s the case, and why it could be changing.

Buyers 158
article thumbnail

MBA urges removal of DTI-based LLPA

Housing Wire

The Mortgage Bankers Association (MBA) urged the Federal Housing Finance Agency (FHFA) to remove the addition of a debt-to-income loan level pricing adjustment (LLPA) in Fannie Mae and Freddie Mac ‘s pricing framework.

Realtors 356
article thumbnail

“Valuable” Advice From an AMC

Appraiserblogs

The person who espouses this super valuable ‘advice’ does not have an appraiser’s license… Appraisers, if you think I’m serious about the message subject line, please reconsider!

Valuation 108

More Trending

article thumbnail

12 secret and unusual places to recruit amazing talent

Inman

Good talent is out there. By taking a different approach to agent and staff recruitment, you can find amazing additions to your team or brokerage. Agent Brokerage Columns Recruiting Select Service Teams Chris Pollinger finding agents finding staff recruiting recruitment Staffing

Brokerage 143
article thumbnail

Rocket Mortgage will fight UWM’s ‘ultimatum’ with its wallet

Housing Wire

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , wants to court brokers from its competitor United Wholesale Mortgage even if it means covering legal costs to bring them over. “Starting today, we stand behind brokers who want to use Rocket or Fairway [Independent Mortgage Corporation] , but fear Mat Ishbia’s lawyers ,” Mike Fawaz, EVP of Rocket Pro TPO said at the lender’s Ignite Live sales event with brokers on Monday.

Mortgage 281
article thumbnail

Landlord’s $200 ‘aggressive breed’ fee for pet fish shocks internet

Inman

TikTok user Nicole Rose posted a video of herself staring in stunned silence at the Kansas City apartment's pet policy, which requires a $200 one-time fee for pets, along with a $15 monthly fee. Rentals adam fish fish funny Insider kansas city listings social media TikTok

Landlords 141
article thumbnail

Opinion: Why fintech “disruption” doesn’t work in mortgage servicing

Housing Wire

America’s $13.3 trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” but that’s the wrong question.

Mortgage 274
article thumbnail

What to look for when partnering with a team

Inman

Whether you are on the hiring side or on the candidate side of the table, here are a few things to keep in mind when looking to partner with an agent or team. Agent New Agent Select Service Teams Adam Hergenrother joining a team team leader teams

Agents 137
article thumbnail

PrimeLending taps Kim Dybvad to rebuild Mid-America division after poaching

Housing Wire

Home lender PrimeLending has promoted Kim Dybvad to lead its Mid-America division, months after the workforce quit en masse and joined a competitor.

Legal 270
article thumbnail

Tiny-home startup’s production delays raise investor eyebrows

Inman

Tiny-homebuilding startup Boxabl has received $140 million in funding since its founding in 2017 and now has a waiting list of 160,000 tiny-home orders. How long will investors wait for homes to be delivered?

Investors 134
article thumbnail

CEO discusses appraisal modernization, other tech matters

Valuation Review

#appraisalmodernization #OPTEON #advancedalternativemethods #appraisers

article thumbnail

How to grow your agent-to-agent network in 2023

Inman

These strategies work, whether you are establishing, growing or maintaining your real estate agent referral network. Agent New Agent Select Service Teams building a professional network networking opportunities Nicole Beauchamp professional network

Agents 130
article thumbnail

Final thoughts from the AI president

Valuation Review

#2023appraisalinstitutepresident #craigsteinley #moreappraisertopics

article thumbnail

At Inman Connect New York, these sponsors share takeaways

Inman

Our partners are a critical part of those experiences, and value the opportunity to reach these power-players. We asked them for their impressions and takeaways from the event.

Agents 120
article thumbnail

Where to Get the Single Family Rental Data You Need Before Investing

Mashvisor

Trustworthy single family rental data is key to making an investment that returns a profit. This guide will explain the latest data insights. In 2022, the rental market saw some… Investor Blogs Mashvisor Tools Market Analysis Real Estate Data Real Estate Tips Single Family Home

article thumbnail

This Black History Month, evaluate your culture’s inclusiveness

Inman

Building a culture that no one wants to leave isn’t easy, writes DEI expert Julia Lashay Israel. Here she shares the core pillars of an inclusive culture and how you can leverage them as components to take your brokerage to the top. Agent Brokerage Select Service Teams DEI diversity equity inclusion inclusion Julia Lashay Israel

Brokerage 107
article thumbnail

ClearCast Podcast E34 — FundingShield President Adam Chaudhary

Clear Capital

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY In ClearCast episode 34, Kenon and Jeff discuss some good news in the form of increasing buyer sentiment and less required jumbo loans per new conforming limits.

Buyers 67
article thumbnail

$1.3B Robyn + Rachel Group rejoins Sotheby’s after 1 year at Compass

Inman

Brokers Robyn Kimura Hsu and Rachel Schindler have rejoined Realogics Sotheby's International Realty. The four-person Robyn + Rachel Group has a lifetime sales volume of $1.3 billion. Brokerage Luxury Luxury Lens Select dean jones luxury real estate philip white Rachel Schindler Realogics Sotheby's International Realty recruitment retention Robyn Kimura-Hsu Sotheby's International Realty

Realty 102
article thumbnail

2022 Employee Referral Award Winner is Michelle Wesson Second Year in a Row

Lamacchia Realty

The winner of the 2022 Employee Referral Award Winner is Michelle Wesson ! This is the second year in a row that Michelle has taken home the award for referring the most buyers and sellers into the company who then get referred out to our REALTORS.

Realty 64
article thumbnail

UWM rolls out ‘one-time-close’ new construction loan in time for spring

Inman

Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Buyers Tools Mortgage Select loanDepot Mat Ishbia new construction loan new home sales new homes One-Tome Close New Construction Loan United Wholesale Mortgage uwm

article thumbnail

Fannie Mae picks five groups for $5M innovation challenge

Valuation Review

#FannieMae #deliverablebasedcontracts #SustainableCommunitiesInnovationsChallenge

article thumbnail

Opinion: New LLPA changes represent noble effort, but wrong approach

Housing Wire

On January 19, 2022, the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac released their n e w pricing matrix’s as a response to the late year 2022 directive from FHFA on the subject. The effort is a noble one.

Insurance 425
article thumbnail

Texas PACE authority wins approval to finance HUD, FHA multi-family projects

Valuation Review

#USDepartmentofHousingandUrbanDevelopment #TexasPACEAuthority #energyandwatersavingfinancingtool

article thumbnail

How GoFormz Can Promote Productivity in the Energy Sector

GoForrmz

Energy sector productivity improvements with GoFormz digital forms The energy sector is no stranger to challenges, especially over the last two decades.

article thumbnail

Freddie Mac brings greater diversity, equity to programs

Valuation Review

#FreddieMac #SingleFamilyandMultifamilyCreditRiskTransfer #Aonplc #Protecdiv

article thumbnail

Neighborhood vs Market Area

Town & Country Residential Appraisals

One of the foundations that determines the value of a property is the well known mantra- location, location, location. But what does that really mean? Simply put, the value of a property is in direct relation to where it is located- both its neighborhood and the market area it is located within.

article thumbnail

RCLCO: Master-planned community sales declining

Valuation Review

#RCLCO #masterplannedcommunities #declininghomesales #MortgageBankersAssociation

article thumbnail

Feds unveil new funding for Alberta Indigenous housing

Mortgagebroker News

New tranche is valued at more than $13 million

53
article thumbnail

What Is a Reconsideration of Value for an Appraisal Report?

Kairos Appraisal Services

The cooling housing market is forecast to continue in 2023, and buyers and sellers are proceeding with caution. With increased interest rates and declining home sales, there’s plenty to be nervous about—and there’s still the home appraisal, which can derail any mortgage deal if it comes in “low.”

article thumbnail

Texas Real Estate Contracts and Addendums: A Guide for Home Sellers and Buyers

Listing Spark

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers.

article thumbnail

The 3-Step System to Scale ANY Real Estate Portfolio

BiggerPockets

You need to know how to scale your real estate portfolio. You’ve been stuck at the same number of units, dealing with the same problems for far too long. But […] All BiggerPockets Real Estate Podcast