Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth. Weekly Active listings fell by 866 homes Mortgage rates rose to a year-to-date high of 7.22% Purchase apps were down 5% week to week Weekly housing inventory We had a hat trick in housing last week: weekly active listings wer

Inventory 485

Inventory Housing Market Marketing New Listings 485

Real Estate News

JULY 5, 2023

Younger generations are especially motivated by walkability, even if it means paying more, giving up yard space or living in a multifamily dwelling.

Buyers 277

Buyers 277

Eyes on Housing

JULY 5, 2023

Consumer confidence in June rose to its highest level in 17 months as recession concerns eased. However, spending plans were mixed. Vacation intentions continued to improve, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue this year.

Mortgage 183

Mortgage 183

Inman

JULY 6, 2023

Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won't stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday.

Agents 170

Agents Marketing 170

BiggerPockets

JULY 2, 2023

Artificial intelligence (AI) like ChatGPT might not be great at writing podcast intros, but when it comes to building a rental property or real estate portfolio, these platforms produce far […]

Real Estate 75

Real Estate Investing Marketing 75

Lamacchia Realty

JULY 7, 2023

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for June 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! June 2023 Winners of the Top 10 for the Company are: Kevin Cormier decided to obtain his real estate sales license several years ago to combine his knowledge of and deep roots in the local Massachusetts area, knowledge of housing markets from years of personally

Realtors 74

Realtors Realty Real Estate Clients 74

Real Estate News

JULY 6, 2023

The Baird & Warner CEO shares how his family business has thrived in a cyclical, sometimes “regressive” industry, and discusses the future of buyer agency.

Brokerage 261

Brokerage Buyers Business 261

Eyes on Housing

JULY 10, 2023

Data obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, show that the rising trend of two or more stories homes continued in 2022. Although the overall share remained virtually unchanged, the share of two or more stories homes started construction was greater than one story homes in 2022. Nationwide, the share of new homes.

Construction 179

Construction 179

Inman

JULY 6, 2023

Janelle Brevard initially sued the National Association of Realtors, claiming her firing was a form of harassment and retaliation. The case ended Thursday, though many questions still remain.

Realtors 164

Realtors Brokerage Agents 164

BiggerPockets

JULY 2, 2023

Have you ever wondered whether or not real estate is a good investment? Explore why real estate is a great investment and how it can help you achieve your financial goals.

Real Estate 76

Real Estate Investing Finance 76

Lamacchia Realty

JULY 5, 2023

THE BEST HOME SIDING OPTIONS IN NEW ENGLAND Home Siding and Exterior Maintenance You may already be familiar with the common New England home styles , but how much do you know about exterior siding? Choosing the right siding for your home is a crucial decision, as it not only enhances your property’s curb appeal but also provides protection against this region’s varying weather conditions.

Design 71

Design Investing Realty Contracts 71

Housing Wire

JULY 2, 2023

Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940 while this year they only grew 5,848. Mortgage rates rose last week after the better-than-anticipated jobless claims data but even with higher rates, we also had a third week of positive purchase application data.

Inventory 458

Inventory Housing Market Marketing New Listings 458

Real Estate News

JULY 2, 2023

Facing a contraction of his brokerage business, J. Philip Faranda made a previously "unthinkable" decision. Now he wishes he had done it sooner.

Brokerage 260

Brokerage Contracts Business 260

Eyes on Housing

JULY 6, 2023

The count of open, unfilled jobs for the overall economy moved lower in May, falling to 9.8 million. While ongoing tight labor market conditions have likely confirmed one to two more Fed rate hikes through the start of the Fall, the JOLTS survey is another data point indicating an ongoing but gradual cooling of macro conditions. The count of open.

Construction 175

Construction Marketing 175

Inman

JULY 7, 2023

Consumer confidence in the housing market "appears to have plateaued at a relatively low level," said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday.

Housing Market 164

Housing Market Mortgage Marketing Inventory 164

BiggerPockets

JULY 7, 2023

100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate.

Real Estate 76

Real Estate Finance Investing 76

Lamacchia Realty

JULY 31, 2023

Lamacchia Realty is thrilled to announce that well-known legacy real estate brokerage Right Choice Real Estate is now a part of Lamacchia Realty. Right Choice Real Estate was founded over 25 years ago by two very well-respected broker owners, Ron and Dawn Rusin. Right Choice Real Estate has been a dominating force in the Bristol County market for decades.

Realty 69

Realty Marketing Real Estate Realtors 69

Housing Wire

JULY 7, 2023

The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the spreads between the 30-year mortgage rate and the 10-year yield keep getting wider. The question is: will the labor data push mortgage rates to 8%? In my 2023 forecast , I wrote that if the economy stays firm, the 10-year yield range should be between 3.21% and 4.25% , equating to mortgage rates betwee

Mortgage 421

Mortgage Government Marketing Insurance 421

Real Estate News

JULY 7, 2023

Yes, there's a new social media app in town. It might be a fad — or the next big thing — but getting on board now could reap dividends for your business.

Business 258

Business 258

Eyes on Housing

JULY 31, 2023

Despite lower perceptions of affordability, the share of prospective home buyers who are actively engaged in the purchase process (i.e., have moved beyond the planning phase) remained essentially unchanged between the first and second quarters of 2023, at 56% and 55%, respectively. The lack of change in this metric suggests that some buyers are willing to continue trying to find.

Buyers 148

Buyers 148

Inman

JULY 7, 2023

In the face of new harassment allegations at the highest levels of leadership, where is the outrage? asks speaker and writer Valerie Garcia. Is this who we are as Realtors?

Realtors 164

Realtors Brokerage Agents 164

BiggerPockets

JULY 3, 2023

With 25% of median earners able to afford homes, what can you do to make up the difference? Here is some key personal finance tips to put you over the top.

Finance 75

Finance Real Estate 75

Clear Capital

JULY 27, 2023

Clear Capital and BeSmartee Partner to Bring Home Value Verification Solution to Mortgage Lenders Clear Capital’s ClearAVM is now integrated with BeSmartee’s Mortgage POS and HELOC product Reno, NV – July 27, 2023 – Clear Capital ® , a national real estate valuation technology company, announced today that it has entered into a strategic partnership with BeSmartee , a digital mortgage solution development company, to offer a cost effective and efficient solution for mortgage and home equity ori

Home Value 69

Home Value Valuation Mortgage Real Estate 69

Housing Wire

JULY 7, 2023

Nationwide Property and Appraisal Services LLC (NPAS), led by Sri Velamati and one of the largest appraisal management companies in the U.S., announced that it has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. The acquisition of Integrity will help NPAS strengthen its ability to expand market reach and enhance product and service offerings, the company said in a statement.

Appraisal 409

Appraisal Investing Marketing Valuation 409

Real Estate News

JULY 29, 2023

Amid a new wave of reports of the dangers of working as a real estate agent, Jay Thompson says the industry must take steps to improve safety for all agents.

Agents 246

Agents Real Estate Agent Real Estate 246

Eyes on Housing

JULY 25, 2023

Higher interest rates have led millions of existing homeowners with mortgages under 4% to postpone plans to list their homes for sale, and for many prospective buyers, that supply vacuum has left newly built homes as the only game in town. That is the backdrop behind the strengthening of interest for new homes.

Buyers 148

Buyers Mortgage 148

Inman

JULY 3, 2023

The North Carolina centenarian, who bought her first home in the 1940s, is settling in at the "lovely house" where she'll live with her son, news station WSOC-TV reported.

Clients 164

Clients Buyers 164

Lamacchia Realty

JULY 27, 2023

Lamacchia Realty, Inc. has released their “Top Producing REALTORS®,” for the Mid-Year 2022! 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 first 6 months of the year! Mid-Year 2023 Winners of the Top 10 for the Company are: Michael Valencia is a passionate and knowledgeable REALTOR® with almost two decades of active-duty military experience.

Realtors 69

Realtors Realty Real Estate Agents 69

BiggerPockets

JULY 7, 2023

If you’re planning on buying or selling an investment property, having a handle on market conditions is critical. Can you expect a bidding war?

Investing 77

Investing Marketing Housing Market 77

Housing Wire

JULY 7, 2023

Consumer confidence in housing may have plateaued, according to the latest home purchase sentiment index (HPSI) by Fannie Mae. The HPSI — which tracks the housing market and consumer confidence to sell or buy a home — rose a mere 0.4 points to 66 as difficult supply and affordability conditions continue to weigh on the housing market, according to Fannie Mae.

Housing Market 397

Housing Market Mortgage Marketing 397

Real Estate News

JULY 20, 2023

The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.

Buyers 246

Buyers Clients 246

Eyes on Housing

JULY 24, 2023

Mortgage rates’ slow –but steady– march upwards combined with the return of home price gains are doing what they are predicted to: slow housing demand. According to the latest Housing Trends Report, the share of adults with plans to purchase a home within a year dropped to 15% in the second quarter of 2023, down from a record high of.

Mortgage 148

Mortgage 148

Inman

JULY 3, 2023

Umansky, the founder of luxury brokerage The Agency, has been married to The Real Housewives of Beverly Hills star for decades, and over the years the duo became reality TV stars together.

Brokerage 157

Brokerage Agents 157

Lamacchia Realty

JULY 21, 2023

After spending over a year as a REALTOR with Lamacchia Realty, Chris Rochon has made the exciting jump to the Business Development team. Chris served buyers and sellers in the Greater Merrimack Valley area during his time as a REALTOR. Before he got into the real estate market, Chris spent 30 years working in the customer service industry. He always loved working with people, getting to know the other REALTORS just as well as his clients.

Development 69

Development Business Realty Realtors 69