Mon.Feb 13, 2023

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Housing Market Tracker: Inventory drops as mortgage rates move higher

Housing Wire

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Here is a quick rundown from last week : Purchase application data had a 3% week-to-week increase. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year.

Inventory 501
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People On the Move: Gorman moves on, Miami association gets a new leader, more

Real Estate News

Ryan Gorman leads btcRE consultancy, Ines Hegedus-Garcia chairs MIAMI board, Dave Howe now CEO at MetroList, Nicole Aissa first president at Red Oak.

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Rocket Companies CEO Jay Farner to retire

Housing Wire

Jay Farner will retire as CEO of Rocket Companies in June, ending his 27-year stint at the firm. He stepped down as member of the board of directors last week, Rocket disclosed in a filing with the Securities and Exchange Commission. On February 8, Farner notified the board of directors of Rocket of his intent to retire as CEO effective June 1 and as vice chairman and member of the board effective immediately, according to the company’s 8-K filing on Monday.

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Want to keep your top agents? Work on your relationships

Real Estate News

In a down market, the grass might look greener elsewhere. But if you regularly — and genuinely — connect with your agents, they'll have a reason to stay.

Agents 198
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Deephaven Mortgage appoints Aaron Drago as new COO

Housing Wire

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer. “Aaron combines a depth of operational experience with a focused and disciplined approach to process optimization. This will serve Deephaven well as we scale operations to meet strong demand for our products,” said Deephaven president and CEO John Keratsis in a statement.

Mortgage 324
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Sotheby’s snags leading South-Central Texas team to form affiliate

Inman

The team formerly known as the Southern District Properties Group at Compass will now become Sotheby's newest affiliate in Texas, Southern District Sotheby's International Realty.

Realty 144

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The USDA Loan Process From Beginning to End—and How Long It Will Take

Realtor

Illustration by Realtor.com / Getty Images Getting a mortgage to buy a home is a process, with many hoops and hurdles to jump through and over before reaching the finish line. And this is particularly true for certain specialized loans, like those offered by the United States Department of Agriculture. USDA loans offer fantastic terms—including 0% down payments and low-interest rates—for homebuyers in rural areas, and while many assume they’re just for farmland, properties on 97% of U.S. l

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EPM files a counterclaim against Jesse Iwuji Motorsports

Housing Wire

Equity Prime Mortgage (EPM) filed a counterclaim against Jesse Iwuji Motorsports (JIM) last week for allegedly breaching a sponsorship contract. The Atlanta-based mortgage lender is accusing the stock car racing team of breaking the agreement by changing the driver of the car starting in May 2022. The counterclaim is a response to a lawsuit filed by JIM in December 2022.

Legal 290
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8 tips to successfully livestream and engage a new audience

Inman

I’ve been showcasing properties in front of the camera for much of my career. I’ve uncovered my own formula for what works when streaming video to a live virtual audience and what doesn’t. Here are my top tips.

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GoFormz Tips to Keep Your Finance Team Happy

GoForrmz

Equip your finance team with the tools they need to be more efficient and productive GoFormz is the leading mobile forms and data capture platform that keeps your finance team happy. With automated data entry, real-time access to data, and much more, your teams can accomplish more in less time. Ditch the manual processes, human errors, and expected delays that come with paper forms.

Finance 78
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One fact about AI? It is surpassing our beliefs of what is possible.

Inman

On a stage at Inman Connect New York, industry insider Kendall Bonner welcomed a full house to an expert panel discussion on AI including Omer Granot, Jonathan Klein, and Ori Freiman.

Agents 145
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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

What’s going on with the VA? Join us on Wednesday, February 22, 2023, to find out! McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions.

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When your toughest competitor is the other agent

Inman

Sometimes, the agent on the other side of the table can't get out of their own way. The next time you experience a hot-headed real estate agent on the other side of the deal, try these tips from Amie Quirarte to cool it down.

Agents 141
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AQB updates appraisers on 2022 Criteria

Valuation Review

#AppraiserQualificationsBoard #FirstExposureDraft #QualificationCriteria #questions

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EXCLUSIVE: Read Inman’s Blueprint 2.0 for Uncertain Times

Inman

Real estate's top thought leaders shared their best advice for thriving in a slower market during CEO Connect in New York last month. Here's what they had to say.

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Maximize Your Airbnb Earnings: Use Our Rental Income Calculator

Mashvisor

Using an Airbnb rental income calculator is now common among beginner real estate investors. That’s why it’s important to learn how to use one.

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PLACE hires former Homeward exec Brian Gubernick

Inman

Brian Gubernick will serve as PLACE's new chief real estate officer tasked with helping teams and agents grow their businesses.

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Appraiser outlines changes witnessed over the years

Valuation Review

#Veteranappraiser #KimWood #indiana #industrychanges #feature

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These 10 skills will make you look like a natural born leader

Inman

Everyone has the ability to be a great leader, but not everyone has the drive. Developing leadership skill takes time, dedication and perseverance.

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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

What’s going on with the VA? Join us on Wednesday, February 22, 2023, to find out! McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions.

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$40M NYC penthouse deal sets record for eXp Realty

Inman

The penthouse apartment sits at the southwest corner of Central Park and sprawls across more than 8,000 square feet.

Realty 161
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For Better or For Worse? FNME vs GPAR

Town & Country Residential Appraisals

Over the years, I have provided appraisals for properties owned by individuals going through divorce proceedings and have had the opportunity to be used in several counties as an expert witness. Whenever I am providing an appraisal for marital dissolution purposes, there are a few things I keep in mind. Most important is the possibility that my report might end up being used as part of expert witness testimony in a formal court proceeding.

Legal 50
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Fill your pipeline with this AI tool

Inman

Learn how proactive AI can give you an almost unfair advantage and fill your pipeline with opportunities.

Tools 132
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HUD’s Community Compass program seeks technical assistance

Valuation Review

#USDepartmentofHousingandUrbanDevelopment #CommunityCompassTAProgram #housingproblems

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I’m a real estate agent. You can’t tell me what to wear on the job

Inman

Why is it that in 2023 our culture is still determined to enforce dated and ridiculous dress code stereotypes? Trainer Rachael Hite says that brokers need to focus more on providing great customer service to consumers and better training for agents and worry less about what they are wearing.

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Voxtur appoints new COO

Valuation Review

#Realestatetechnology #VoxturAnalyticsCorp #newhire #chiefoperatingofficer

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Low motivation? Blind ambition? Procrastination? Here’s how to solve 5 common team squabbles

Inman

Working with a team is as much of an exercise in self-improvement, commitment to excellence and accountability for the team leader as it is for members on the team, writes broker Cara Ameer. The goal is to create a happy and inspiring place to prosper.

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New Census Data Shows Where Americans Are Moving—And Where You Should Be Investing

BiggerPockets

Americans are squeezed by inflation and rising housing prices in big cities.

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How will labour market robustness influence the BoC's rate pause?

Mortgagebroker News

Economist calls into question if the central bank will maintain its "conditional pause"

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7 Tips And Tools For Thriving As A Real Estate Investor In Any Market

BiggerPockets

This article is presented by DoorLoop. Read our editorial guidelines for more information. Can you win in any market?

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Reggora reveals 2022 appraisal data

Valuation Review

#Reggora #AppraisalPerformanceIndex #2022database

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How does the borrowing landscape look for Canadians in 2023?

Mortgagebroker News

Higher rates have created new challenges for homebuyers and owners

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CoreLogic: Delinquency numbers for November remain low

Valuation Review

#Corelogic #November2022 #delinquentmortgages

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Canada recession – how likely is it this year?

Mortgagebroker News

CIBC Capital Markets breaks down the possibilities for 2023