Housing Wire
MARCH 30, 2023
With the banking crisis spurring more talk of a recession, the question now is: What would housing credit look like in a recession? Many people predicted that the U.S. housing market would crash during the pandemic. One of the main reasons for that fear was that housing credit was about to get tight, meaning fewer people could buy homes with mortgages.
Real Estate News
MARCH 29, 2023
A judge ruled that the Moehrl suit would now cover all sellers who paid commissions to named companies over a 5-year period, plus “current and future” sellers.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Appraiserblogs
MARCH 27, 2023
Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The truth of the matter is that appraisals are an essential part of any mortgage transaction and should not be taken lightly or eliminated without due consideration.
Eyes on Housing
MARCH 15, 2023
After four consecutive declines, the producer price index (PPI) for inputs to residential construction less energy (i.e., building materials) rose 0.3% in February 2023 (not seasonally adjusted) follow a 1.1% increase in January (revised), according to the latest PPI report. Price growth of goods inputs to residential construction, including energy, gained 0.4% over the month.
Inman
MARCH 29, 2023
Amid an economic landscape in flux, homebuyers and sellers continue to want expert advice from real estate agents while looking to prepare for the future, and for Gen Z that means finding "green homes," according to RE/MAX.
McKissock
MARCH 28, 2023
In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? As part of our monthly survey series, we asked real estate appraisers, “What type of non-lending appraisal work are you MOST interested in pursuing?
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MARCH 15, 2023
With the value of its residential real estate surpassing $3.6 trillion, Florida edged out New York but trails California among markets with the top home values.
Lamacchia Realty
MARCH 27, 2023
The Real Trends 500 has released its annual list ranking the top 500 brokerages in the United States. This list uses data compiled from the previous year, 2022. Lamacchia Realty once again made the list in multiple categories! This is the seventh year in a row that the company has ranked. Lamacchia Realty was ranked 213th by Closed Transaction Sides for 2022 among the 500 largest brokerages in the United States.
Eyes on Housing
MARCH 17, 2023
NAHB recently released its 2023 priced out estimates, showing how higher prices and interest rates affect housing affordability. The new estimates show that 96.5 million households are already not able to afford a median priced new home in 2023 due to the fact that their incomes are insufficient to qualify for the required mortgage under standard underwriting criteria.
Inman
MARCH 29, 2023
Demand for purchase loans picks up for the fourth straight week as mortgage rates continue to retreat from 2023 highs, according to the latest Mortgage Bankers Association survey released Wednesday.
Clear Capital
MARCH 1, 2023
Live from ICE Experience 2023. ClearCast host Kenon Chen sits down with Stephanie Durflinger , SVP of Product Management at ICE Mortgage Technolog y. The pair discuss the market and how the industry is responding with automation and new, innovative solutions. Listen below! The post Conversations at ICE Experience 2023: Stephanie Durflinger, SVP, Product Management, ICE Mortgage Technology appeared first on ClearCapital.com, Inc.
Housing Wire
MARCH 6, 2023
The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive seasonal bottom for housing inventory. Here is a quick rundown of the last week: Purchase application data was down 6% weekly. Weekly inventory fell much more than the previous two weeks, down 11,021; new listing growth had its lowest weekly calendar print for this previous week.
Real Estate News
MARCH 18, 2023
Wes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.
Lamacchia Realty
MARCH 17, 2023
WHAT IS THE DIFFERENCE BETWEEN ASSESSED VALUE AND MARKET VALUE? Two terms that often come up when buying or selling property are assessed value and market value. While these terms may seem similar, they actually represent two different values that can affect the pricing of a property. Understanding the difference between these two values can help you make informed decisions when it comes to buying or selling a property Assessed Value Assessed value is a value that is assigned to a property by th
Eyes on Housing
MARCH 6, 2023
Residential remodeling companies, just like any other private enterprise in a capitalist economy, exist to satisfy the demand of consumers for specific products or services in exchange for a rate of profit commensurate with the risk taken. Companies control when they enter or exit the industry, but their financial performance is intrinsically linked to external factors, such as the number.
Inman
MARCH 29, 2023
Although people have mixed feelings about social media, there's no denying that it's a valuable tool for marketing your business. Find out how agent Nikki Beauchamp puts it to work effectively.
Buys Brokers Only LLC
MARCH 28, 2023
Whether you're a first-time home buyer, moving to Massachusetts , or you last purchased a home several years ago, you will want to educate yourself on the current state of the Massachusetts real estate market.
Housing Wire
MARCH 24, 2023
ChatGPT , the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to the first million users in five days. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)?
Real Estate News
MARCH 23, 2023
A new report found that most portals lost traffic and market share over the past year, but a few companies improved or firmed up their positions.
Lamacchia Realty
MARCH 7, 2023
Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for February 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! February 2023 Winners of the Top 10 for the Company are: Jason Pincomb joined Lamacchia Realty in the Spring of 2021 and has seen tremendous success!
Eyes on Housing
MARCH 9, 2023
The NAHB recently published its latest Cost of Construction Survey. Results show that 60.8% of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% posted in 2019. Since the inception of this series in 1998, this was the fourth time construction costs represent over 60% of the total price of the home (2013: 61.
Inman
MARCH 24, 2023
The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.
Mashvisor
MARCH 20, 2023
In the US, travelers have had the option of picking between hotels vs Airbnb for their travel accommodations for more than ten years and counting.
Housing Wire
MARCH 1, 2023
Fannie Mae updated its Selling Guide on Wednesday to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” Those options include value acceptance (formerly appraisal waivers), value acceptance plus property data and hybrid appraisals. “We are on a journey of continuous improvement to make the home valuation process more efficient and accurate.
Real Estate News
MARCH 28, 2023
Millennials dominated the market in 2021, but as affordability pushed younger buyers to the sidelines, boomers took over as the top group of buyers 2022.
Lamacchia Realty
MARCH 9, 2023
Behind the incredible REALTORS® of Lamacchia Realty is a team of over 75 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.
Eyes on Housing
MARCH 29, 2023
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021. The 6.9% annual increase is the largest since property tax receipts climbed 9.3% in.
Inman
MARCH 3, 2023
To help you avoid mistakes that will hamper your growth and damage your online presence, social media expert Katie Lance lays out the most common marketing myths and why they’re wrong.
Mashvisor
MARCH 15, 2023
Maximizing the earning potential of your real estate investment requires you to be knowledgeable about specific strategies and opportunities.
Housing Wire
MARCH 26, 2023
The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory. Here’s a quick rundown of the last week: The 10-year yield had a Lord of Rings battle at a critical technical level, pushing mortgage rates lower at the end of the week with no real break in the bond market.
Real Estate News
MARCH 29, 2023
NAR reported that February pending home sales were up 0.8% from January, making it the third consecutive month of increases.
Lamacchia Realty
MARCH 7, 2023
5 FINANCIAL STEPS TO TAKE BEFORE PURCHASING YOUR FIRST HOME Purchasing your first home is an exciting time! You may have been dreaming about owning your home for years, and it is finally time to take the plunge. It can be tempting to immediately jump into the deep end and purchase the home you fell in love with. However, you must consider the necessary financial steps before buying your first home. 1.
Eyes on Housing
MARCH 31, 2023
Real gross domestic product (GDP) increased in 42 states and the District of Columbia in 2022 according to the U.S. Bureau of Economic Analysis (BEA). Six states recorded declines while Maryland and New Hampshire reported no change. The percent change in real GDP ranged from 4.9 percent increase in Idaho to 2.4 percent decline in Alaska.
Inman
MARCH 27, 2023
Timely exploration, adoption and smart use of this technology will help real estate professionals do more with less and focus even more on creating an impeccable customer experience.
Expert insights. Personalized for you.
539 
Let's personalize your content