Mon.Jan 23, 2023

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Housing Market Tracker: Purchase apps jump 25%

Housing Wire

Here’s the housing market rundown for the last week: Purchase application data had a solid week-to-week gain of 25%. That’s a big jump, but context is critical. Housing inventory decreased by 566 units, which is not a significant decline. Mortgage rates fell, but the bond market didn’t break what I see as a critical level, so for now, stabilization is more important.

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Fewer Adults are Planning a Home Purchase

Eyes on Housing

The share of adults planning a home purchase in the next 12 months dropped to 13% in the final quarter of 2022, down from 15% in the previous quarter. The drop is not surprising, given that housing affordability worsened during this period, as mortgage interest rates surpassed 7.0% and reached levels not seen in nearly 20 years. In the third.

Mortgage 168
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Revolution Mortgage integrates Tavant’s Touchless Lending

Housing Wire

Mortgage lender Revolution Mortgage has partnered with Tavant, an AI-powered digital lending company, to integrate Tavant’s Touchless Lending product suite into Revolution Mortgage’s platform. Revolution Mortgage today launched Tavant’s Decision Analysis solution, a tool for underwriters and quality control that can integrate with lender ecosystems.

Lending 417
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Why eco-certification is driving value in luxury home sales

Inman

While you’ve likely encountered eco-certifications for homes, there are also eco-certifications for real estate agents. Here's what they are and why they matter to grow you book of business.

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Bringing More People Into a Dying Profession!

Appraiserblogs

Some people want to bring more people (primarily of color, which is great) into a dying profession. But the profession is being killed off by (mostly white!) people who think technology is the golden spoon to accurate valuations. Appraisers, I’ve been studying, and writing about since 2006, all kind of issues surrounding our profession, and frankly some currently does not make sense.

Valuation 118
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Long & Foster acquires Charleston-based Southern Coast Real Estate

Inman

The acquisition comes just two weeks after Long & Foster entered the Charleston market and adds nearly 50 additional agents to the brokerage's ranks, according to the company.

More Trending

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What is the Word of the Year for Instagram in 2023?

Inman

In 2023, if you put an emphasis on the art of human connection and tap into the brains of your ideal clients, you have a chance to see the success you're after using the platform.

Clients 148
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8 Steps to Take Before Purchasing Your First Home

Lamacchia Realty

8 STEPS TO TAKE BEFORE PURCHASING YOUR FIRST HOME In this guide, you’ll learn the steps you should take before purchasing your home. Whether it’s your first time in the real estate market or you’re an experienced homeowner who wants to brush up on your skills, this is everything you need to know! Step 1: Start saving a down payment. One of the essential steps to buying a house for the first time is understanding what you can afford and saving for the down payment.

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Anywhere’s Sherry Chris: How to create lasting success in hard times

Inman

Ahead of her latest Inman Connect New York appearance, streaming on Jan. 25, Anywhere Expansion Brands CEO Chris shares what the latest string of layoffs means for the industry.

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LIVE: Appraisal Subcommittee holds Washington hearing

Valuation Review

#ValuationReview #WashingtonDC #ConsumerFinancialProtectionBureau #AppraisalSubcommittee #biashearing

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23 binge-worthy real estate YouTube channels

Inman

YouTube offers some of the real estate industry's best. Social media expert Jessi Healey rounded up 23 real estate YouTube accounts worth binging to inspire, educate and inform you.

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Eileen Doherty Wins Most Transactions and Highest Sales Volume 2022 – Companywide

Lamacchia Realty

Lamacchia Realty is proud to present the #1 REALTOR ® companywide for the Most Transactions and the Highest Sales Volume , Eileen Doherty. Eileen closed out the year with over $53,000,000 in sales volume and 75 closed transactions. As well, for an impressive fifth year in a row, she has won the award for the Most Transactions and the Highest Sales Volume for the Woburn office in 2022.

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Inside Real Estate reduces staff following BoomTown acquisition

Inman

Inside Real Estate CEO Joe Skousen confirmed the layoffs in an email to Inman, saying the cuts are the result of overlapping positions following the acquisition, which was first announced on Friday.

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Paul J. Cervone featured in Top Agent Magazine

Lamacchia Realty

January 2023 – Paul J. Cervone out of Lamacchia Realty’s Woburn office has recently been featured in Top Agent Magazine. In this article, Paul is interviewed and discusses his current success and what lead him here today. His unmatched dedication to his clients and his involvement in his local community are also highlighted. To read the full article, click here or on the picture to the right.

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RealPage hit with second class-action suit alleging rent price fixing

Inman

Tenants in Florida claim the company oversaw a "cartel" that unfairly drove up the cost of rent in markets across the Sunshine State. The claim comes on the heels of a similar suit in California.

Tenants 148
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Co-Living Could Become The Future Of Real Estate

BiggerPockets

In 2022, 41% of renters spent more than 35% of their income on rent. As rental and living costs rise, wages are struggling to keep up.

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How to navigate 2023 using your personal North Star

Inman

Charting your course is essential for navigating effectively. Team leader Carl Medford offers a guide to creating a set of beliefs and practices that help your company navigate through the unknown waters of their market.

Marketing 148
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Reggora: Point of sale integration to optimize borrower experience

Valuation Review

#Reggora #managementplatform #borrower’sappraisalexperience #pointofsalesystem #lenders

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Fiery Tennessee estate in contract after setting social media ablaze

Inman

Listing photos on Zillow show firefighters extinguishing the blaze as the $1.5 million, 25-year-old mansion actively burns. The house is now under contract after just six days on the market, according to a listing on Zillow.

Contracts 147
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Ginkgo MIC CEO talks growth strategy

Mortgagebroker News

The MIC's approach is based on treating brokers, agents, and investors like a community, executive says

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Lesson Learned: Don’t react in real time

Inman

Find out how this powerhouse team leader built a business that has earned the loyalty of financiers, celebrities, real estate investors, developers and a Who's Who of the city's artistic and cultural life.

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DOJ, HUD files statement on Fair Housing Act case

Valuation Review

#USDepartmentofJustice #HUD #FairHousingAct #algorithmbasedtenantscreening

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Inman Connect New York starts tomorrow — there’s still time to join

Inman

We’re officially going live Tuesday at ICNY at the Hilton New York Midtown. Meet us there, or join virtually. Register for a virtual ticket for live streamed sessions, plus access to all the replays.

Brokerage 113
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CEO discusses the 2023 market for multifamily housing

Valuation Review

#market #locationfederalstateandlocalregulations #renting #CignatureRealty

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BiggerNews: The State of Real Estate in 2023 and 3 Ways to Beat a Bear Market

BiggerPockets

Most 2023 housing market predictions sound like this, “The sky is falling! Sell everything! Houses will be worth $1 next year! This is just like 2008!

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Veros: National housing market forecast has a negative showing for first time in years

Valuation Review

#VerosRealEstateSolutions #2022Q4VeroFORECAST #homeprices #negativeturn

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More on the MERIX mission

Mortgagebroker News

The innovative lender is set for further success after a phenomenal 2022

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Farmers lead land purchases, setting record sales

Valuation Review

#landmarket #cropland #FarmersNationalCompany #landowners

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What happens if I declare bankruptcy?

PennyMac

Generally speaking, people file for bankruptcy during extreme financial hardships: the inability to repay large debts, have outstanding mortgage payments or they are facing foreclosure. Bankruptcy can offer some people a clean financial slate, but should only be considered as a last resort in resolving loan debt. Here is everything you need to know before filing bankruptcy.

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Redfin addresses lingering homes on the market

Valuation Review

#risinghomesales #endingDec25 #Redfin

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Assessing the Student Housing Industry in 2023

Willowbrook Valuation

Last year, the focus of our blog series was commercial real estate in specific areas of the Mid-Atlantic region. We covered everything from Laurel, MD to Canton and Downtown Silver Spring on our “travels.” However, providing expert analyses of a wide range of property types is what Willowbrook Valuation does best. Now we pivot slightly […] The post Assessing the Student Housing Industry in 2023 appeared first on Willowbrook Valuation & Advisory Services.

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BC cooling-off period could harm sellers, says VP

Mortgagebroker News

Executive also speaks on stress test and other regulatory issues

Sellers 65
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San Diego Real Estate Market Statistics and Trends You Need to Know for 2023

Mashvisor

The San Diego real estate market is experiencing strong demand. However, it is one of the most expensive real estate markets in the country.

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Half of Q4 2022 transactions had wire and title fraud risks

Housing Wire

As discussions of cybersecurity and wire and title fraud risks continue to increase, so does the cost of cyber insurance. Per Insurance Insider’s examination of Beazley’s Cyber book, “U.S. cyber pricing increased 79% in Q2 [2022], compared to 110% in the prior quarter and 133% in December 2021.” And much of that coverage doesn’t even capture the wire and title fraud risks faced by stakeholders in the real estate industry.

Insurance 395