Mon.Jun 19, 2023

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Florida school district to build housing in effort to fill teacher vacancies

Housing Wire

If you build it, they will teach? A building in St. Petersburg, Fla. that previously served as a junior high school will be transformed into an affordable housing apartment complex. This is being done in order to attract more teachers to the Pinellas County school district to aid in recruitment and retention efforts, according to reporting by the Tampa Bay Times.

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Getting your brokerage ready for a new world of buyer agency

Real Estate News

In light of ongoing lawsuits, brokers need to prepare their buyer agents to communicate their value and respond to objections around agreements and fees.

Buyers 292
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CFPB, senators pledge to look at house-flipping business practices

Housing Wire

A duo of bipartisan U.S. senators and the director of the Consumer Financial Protection Bureau (CFPB) have said that they intend to more closely scrutinize the business practices of “house-flipping” companies after an investigative report alleged that one such entity, HomeVestors , “trains its nearly 1,150 franchisees to zero in on homeowners’ desperation,” according to reporting by ProPublica.

Business 370
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Homeownership begins with an AI-powered home search

Inman

Today’s consumers have been trained to expect a personalized search experience that can tailor the results to their unique preferences. And as the digital native generations—Millennials and Gen-Z—continue to enter the housing market, home search technology needs to catch up to meet their expectations.

Training 155
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4 Questions title pros should ask before switching software systems

Housing Wire

So you’ve been using the same outdated title production software for years and feel like you’re no longer getting the most bang for your buck. As your business grows, you need efficient software that can grow with you, but some questions hold you back. The four most common questions we hear from title professionals about their concerns with switching their software are: What are the benefits of switching?

Tools 370
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They went from ordinary to extraordinary

Inman

Join Lauren Muehlethaler, Vice President of Affiliate Services at Sotheby’s International Realty for this Sotheby’s International Realty Insider webinar with leading agents who outline their road to success.

Realty 155

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‘It’s going to be a real shock’: Carrie Wells on Aspen’s luxury crackdown

Inman

The Coldwell Banker Mason Morse agent sat down with Inman to dish on a zoning proposal that threatens to reduce the size of new homes in Aspen ahead of her talk at Inman Connect Las Vegas.

Agents 153
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ASC conducts second appraisal bias hearing

Valuation Review

Valuation Review virtually attended the Appraisal Subcommittee’s (ASC) second hearing on appraisal bias and the appraisal regulatory system from the Constitution Center, headquarters of the Federal Housing Finance Agency in Washington, D.C. Selected witnesses gave testimony to the ASC panel. Read on for more details in Part I of this exclusive story.

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WATCH: A candid conversation with TV legend Joan Lunden

Inman

This live, interactive show features a candid conversation with Nick Bailey and award-winning journalist, bestselling author, television host, and motivational speaker Joan Lunden.

Agents 148
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Prioritizing Construction Site Safety with GoFormz

GoForrmz

Emphasize site safety by introducing technology across your construction operations It’s no secret that prioritizing construction site safety is a crucial aspect of advancing safety programs and upholding guidelines. Thousands of construction companies have taken the leap into digital transformation, whether through digital construction forms or investing in project management tools like Procore and Acumatica.

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Lesson Learned: Dive in, be real, and connect

Inman

Native New Yorker and Providence, Rhode Island, agent Kira Greene offers advice and insight plus the lessons she's learned along her journey.

Agents 144
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How Long Does It Take to Close On a House?

BiggerPockets

Navigating the closing process on a house is a daunting task. Learn how long it takes to close on a house, along with the information you need for the process.

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WATCH: Taking action with ‘Color of Law’ author Richard Rothstein

Inman

Dr. Lee Davenport interviews New York Times bestselling author of "The Color of Law," Richard Rothstein, along with Leah Rothstein, his co-author on the new "Just Action.

Law 113
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The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market

BiggerPockets

Don’t know where to find undervalued rental properties? Thankfully, we’ve got some experts who do. Finding a below-market-value property is much easier than most people think.

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Survey: Best, worst places to raise families revealed

Valuation Review

With inflation leading some families to move to cities with a low cost of living, the personal-finance website WalletHub recently released its report on 2023’s “Best & Worst Places to Raise a Family.” To determine the most family-friendly places in America, WalletHub compared more than 180 cities across 45 key metrics.

Finance 60
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Lamacchia Realty Officially Celebrates Salem, New Hampshire Office Grand Opening

Lamacchia Realty

After opening our Salem, New Hampshire office in May , we are so excited to be celebrating this exciting milestone with a Grand Opening celebration which happened on Saturday, June 17th! Lamacchia Realty has been serving New Hampshire since 2010. With this being our first office location in the state, we are thrilled to be to able provide even more to the clients in this area.

Realty 66
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Appraiser speaks of new technology revolutionizing the industry

Valuation Review

In his article, “The Next Generation of Appraisals: Revolutionizing Real Estate Valuation with Computer Vision,” Tony Pistilli, valuations general manager at Restb.ai, discusses how new technology will enable appraisers to better use their analytical skills. Valuation Review caught up with Pistilli to ask him our questions relating to this technological subject.

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What Happened? An Analysis of the Multifamily Meltdown

BiggerPockets

We all hate market meltdowns, and this one was bound to happen. We just didn’t know when, exactly how, or how bad things would get.

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Black woman outlines challenges faced working in commercial real estate

Valuation Review

Valuation Review sat down with Rachel Goldman, associate advisor for SVN Commercial Advisory Group, to get her thoughts on a career in commercial real estate and the challenges she faced as a Black woman in the industry. Goldman, who said it was “incredibly difficult” just getting her “foot in the door,” still faces challenges today. Read on to learn more.

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He Made $70,000 on the First Property. Now He’s 200 Flips Into His Career—Here’s How He Did It

BiggerPockets

Workers were adding the finishing touches to a Ranch-style home just when an all-black Tesla Model 3 pulled up to the job site.

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Freddie Mac: Mortgage rates increase continues

Valuation Review

Freddie Mac recently released the results of its Primary Mortgage Market Survey (PMMS). The PMMS showed the 30-year fixed-rate mortgage averaged 6.57 percent.

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Growing number of mortgage payments going solely towards interest: analyst

Mortgagebroker News

Consumers have also elected to significantly extend their amortizations amid rate increases

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LoanLogics celebrates data automation ‘anniversary’

Valuation Review

LoanLogics recently announced several document processing milestones achieved in large part through an 11-year relationship with Pennymac.

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Canada housing starts likely to remain sluggish, suggests CHBA chief

Mortgagebroker News

Interest rates and construction costs are presenting plenty of challenges for homebuilders

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How to Start an Airbnb in Georgia in 2023

Mashvisor

Set aside a few minutes from your schedule to read about how to start an Airbnb in Georgia in 2023 and how the strategy benefits your portfolio.

Buyers 36
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Broker on the value of building the right professional network

Mortgagebroker News

The best teams provide valuable guidance and insights, Saskatoon-based broker says

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Homebuilders are all smiles right now

Housing Wire

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The National Home Builders Association ‘s June survey marks the sixth straight month that builder confidence has increased and is the first time that sentiment levels have surpassed the midpoint of 50 (out of 100) since July 2022.

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Average rent rates grow at slowest pace since end of 2021

Mortgagebroker News

However, further upward pressure is expected in the near future

67
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Homebuilders are all smiles right now

Housing Wire

For the first time in nearly a year, homebuilder confidence moved into positive territory thanks to strong consumer demand , limited competition from the existing home sales market , and an improving supply chain. The National Home Builders Association ‘s June survey marks the sixth straight month that builder confidence has increased and is the first time that sentiment levels have surpassed the midpoint of 50 (out of 100) since July 2022.

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Why are so few homes being listed in Canada's housing market?

Mortgagebroker News

The recent recovery has seen no influx of new listings

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Renting is much cheaper than owning in these housing markets

Housing Wire

Owning a starter home is now $1,000+ per month more expensive than renting one. While the metric has decelerated from a $1,188 peak in October 2022, it remains far above historic levels, according to John Burns Research & Consulting. Factors such as high mortgage rates — currently hovering around the 7% mark — and elevated resale prices continue to challenge for-sale housing affordability.

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CMHC: Affordability solutions require 'all hands on deck'

Mortgagebroker News

Is housing affordability set to deteriorate even further?

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Builder Confidence Moves into Positive Territory in June

Eyes on Housing

Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in 11 months. Builder confidence in the market for newly built single-family homes in June rose five points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

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ADU's- What are they and how do they impact the appraisal process?

Town & Country Residential Appraisals

Accessory Dwelling Units (ADUs) are secondary residential units on the same property as the main dwelling. They provide homeowners and potential buyers with opportunities to enhance property value, generate income, or accommodate multi-generational living. It's important to understand how ADUs can impact property value and financing options, particularly considering the restrictions set by Fannie Mae and FHA lending guidelines.