Housing Wire

AUGUST 28, 2023

Two days after a New York Times exposé of alleged sexual harassment and a culture of fear at the National Association of Realtors , President Kenny Parcell announced his resignation. Parcell was called out for alleged sexual harassment by 16 of the more than two dozen current and former NAR employees interviewed by the Times. “I am deeply troubled by those looking to tarnish my character and mischaracterize my well-intended actions,” Parcell wrote in a letter to NAR’s Executive Committee and Boa

Realtors 458

Realtors Realty Brokerage Agents 458

Inman

AUGUST 30, 2023

To win approval from antitrust regulators for its merger with Intercontinental Exchange (ICE), Black Knight will sell two businesses to subsidiaries of Canadian-based software giant Constellation Software next month.

Business 197

Business Mortgage Technology 197

Eyes on Housing

AUGUST 30, 2023

According to NAHB analysis of the Survey of Construction (SOC), new single-family starts decreased in 2022. Nationally, 1,018,495 new single-family units started construction in 2022, 10% fewer than the number of units started in 2021. It marked the first decrease since 2011 but was still the second highest count since the Great Recession. Among all nine Census divisions, the South.

Construction 158

Construction 158

BiggerPockets

AUGUST 30, 2023

As Hurricane Idalia barrages the Florida coastline, we've found the cities with a lower level of risk from natural disasters compared to the most at-risk markets.

Investing 83

Investing Marketing Real Estate 83

Lamacchia Realty

AUGUST 31, 2023

We’re thrilled that Anthony Castellano has officially joined the 2023 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume so far this year! This is his FOURTH year in a row qualifying, having previously made it in 2022 , 2021 , and 2020. In 2022, Anthony also qualified for the prestigious President’s Club ELITE for the very first time!

Realty 73

Realty Real Estate Agents Clients 73

Buys Brokers Only LLC

AUGUST 31, 2023

The number of single-family and condominium homes for sale in Massachusetts plunged in July compared to July 2022, according to data compiled and released by the Massachusetts Association of Realtors (MAR) earlier this month.

Real Estate 69

Real Estate Realtors Inventory Marketing 69

Inman

AUGUST 30, 2023

After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs.

Mortgage 190

Mortgage Marketing 190

Eyes on Housing

AUGUST 29, 2023

In June, national home prices continued to increase. Limited inventory and solid but weakened demand put upward pressure on home prices, despite rising mortgage rates. Locally, all 20 metro areas, reported by S&P Dow Jones Indices, had positive home price appreciation in June. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at.

Mortgage 153

Mortgage Inventory Construction 153

BiggerPockets

AUGUST 30, 2023

Great deals are great, right? But how much do you sacrifice when waiting for one? Sometimes, it might make sense to get an "okay" deal instead. Here's why.

Investors 84

Investors 84

Lamacchia Realty

AUGUST 31, 2023

It’s official! Laurie Howe Bourgeois has qualified for the 2023 Lamacchia Realty President’s Club by closing on 33 homes so far this year. Laurie has made President’s Club FIVE TIMES including 2019 , 2020 , 2021 , and 2022. Additionally, she became a member of the President’s Club ELITE both in 2021 and 2022. She was named the #1 agent in total sales and highest volume in the Leominster Office for 2019 , 2020 , 2021 , and 2022 , and consistently ranks among our top prod

Realty 70

Realty Agents Clients Marketing 70

Clear Capital

AUGUST 30, 2023

AURA is the first AI-driven appraisal review solution in API format that enables lenders to automatically assess images, text and floor plans. Reno, NV – August 30, 2023 – Clear Capital , the national real estate valuation technology company, today announced a partnership with LenderX , a leading real-estate valuations SaaS provider, to deliver its lenders access to AURA , Clear Capital’s automated collateral underwriting solution.

Appraisal 68

Appraisal Modernization Real Estate Valuation 68

Housing Wire

AUGUST 31, 2023

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug. 31, down from last week ’s 7.23%. By contrast, the 30-year fixed-rate mortgage was at 5.66% a year ago at this time.

Mortgage 421

Mortgage Housing Market Buyers Inventory 421

Inman

AUGUST 30, 2023

Three months after a Texas judge sent former Keller Williams CEO John Davis' $300 million fraud suit against the franchisor to arbitration, Davis is back with new racketeering claims.

Real Estate 190

Real Estate Brokerage 190

Eyes on Housing

AUGUST 24, 2023

The residential remodeling market has grown rapidly in the past few years, mainly fueled by changes in housing and lifestyle decisions during the pandemic period. According to National Income and Product Accounts (NIPA), expenditures for residential home improvements soared 13% to $328 billion in 2021, from $289 billion in 2020. This marks the largest gain since 1993 (16% increase).

Home Improvement 147

Home Improvement Marketing Construction 147

BiggerPockets

AUGUST 31, 2023

Philadelphia made our 2023 top cash flow market list, but a lot has changed since the beginning of the year. With rising rates, is it still worth investing here? Read more to find out.

Real Estate 80

Real Estate Investing Marketing Housing Market 80

Eppraisal

AUGUST 25, 2023

In the ever-fluctuating world of real estate, buyers often face a multitude of challenges. However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. These factors can make the homebuying process more complex, but with the right strategies, prospective buyers can still find success in this competitive market.

Real Estate 69

Real Estate Inventory Buyers Real Estate Agent 69

Mashvisor

AUGUST 24, 2023

A Agreement of Sale: It is a document that is sent by the buyer to a seller of an investment property detailing the price and conditions of the sale of…

Real Estate 69

Real Estate Investing Sellers Buyers 69

Housing Wire

AUGUST 30, 2023

Mirroring the trend for new home sales (+4.4%), pending home sales rose 0.9% in July, according to data released Wednesday by the National Association of Realtors (NAR). Year over year, pending home sales were down 14%, a smaller decrease than the 15.6% annual drop recorded in June. However, unlike the market for new homes , which has recovered convincingly above last year’s lows (+31.5%), pending home sales continue to lag behind year-ago levels (-14.0%).

Mortgage 421

Mortgage Real Estate Inventory Realtors 421

Inman

AUGUST 30, 2023

From Janelle Brevard's harassment suit to the fallout that ensued following the resignation of National Association of Realtors president Kenny Parcell, stay up to date with NAR coverage here.

Realtors 187

Realtors Brokerage Agents 187

Eyes on Housing

AUGUST 21, 2023

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to second quarter 2023 data.

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148

BiggerPockets

AUGUST 29, 2023

Growing a real estate business with multiple rentals and HUGE cash flow…in just two years!? How do you get so many deals done in such little time?

Real Estate 81

Real Estate Business 81

Mortgagebroker News

AUGUST 31, 2023

Recent economic volatility has pushed down the pace of spending growth into a nearly flat trajectory, according to new report

78

78

Mashvisor

AUGUST 30, 2023

As the short-term rental market continues to reach new heights, effective Airbnb management has become more critical than ever before.

Property Management 69

Property Management Marketing 69

Housing Wire

AUGUST 30, 2023

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with dismay, they often are the end result of a strong economy. Case in point, the private sector added 497,000 jobs in June — more than double many economists’ expectations — while compensation climbed 6.4% from a year ago.

Mortgage 421

Mortgage Real Estate Agent Real Estate Landlords 421

Inman

AUGUST 31, 2023

Strategically positioning yourself and evaluating your performance with the metrics that matter will put you ahead of the competition, according to consultant Diana Zaya.

Brokerage 190

Brokerage Agents Marketing 190

Housing Wire

AUGUST 31, 2023

The pile of lawsuits facing Gary Keller and the real estate firm he co-founded, Keller Williams , just got larger. Former KW CEO John Davis filed his second lawsuit against the firm on Wednesday in the Western District of Texas. In the filings, which name Keller Williams , Keller, former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants, Davis alleges that the defendants inflated key profitability metrics including company sales and profits to convince ind

Real Estate 410

Real Estate Brokerage Contracts Agents 410

Housing Wire

AUGUST 31, 2023

Intercontinental Exchange (ICE) received the green light to move forward with its acquisition of Black Knight after the Federal Trade Commission (FTC) accepted a binding settlement. Under the agreement, both firms will divest Black Knight’s loan origination system (LOS) Empower business and product and pricing engine (PPE) unit Optimal Blue to a subsidiary of Constellation Software Inc, the FTC said in a release on Thursday.

Mortgage 410

Mortgage Valuation Tools Technology 410

Housing Wire

AUGUST 29, 2023

The Leslie Clarke Team, the top small agent team in Connecticut according to RealTrends , is joining the Connecticut office of Compass , the company announced on Tuesday. The move comes as Compass expands its tech offerings for agents. “This transition provides me access to the industry’s premier technology platform, an energetic office culture, and an expansive referral network spanning the nation,” said Clarke, whose team was previously part of William Raveis.

Agents 410

Agents Clients Technology Real Estate Agent 410

Housing Wire

AUGUST 30, 2023

In a letter to a group of founders and shareholders, New York-based asset management firm Sculptor Capital Management said their request to inspect the company’s books and records pertaining to its acquisition by Rithm Capital was “improper” and motivated by founder Daniel Och’s “long-standing resentment” of being exited from the company. Sculptor also said in the letter sent on Tuesday that Och and the other shareholders have requested millions of dollars in cash for legal expenses incurred dur

Real Estate 409

Real Estate Inspection Legal Finance 409

Housing Wire

AUGUST 29, 2023

Reviewing appraisal imagery, an essential step in the valuation review process, is time-consuming and laborious. CoreLogic developed Image Analytics to drive innovation in the appraisal review process and help lenders and mortgage industry professionals analyze property images quickly and accurately. This technology eliminates the need for manual, multi-touchpoint review, which saves time and reduces errors.

Valuation Review 410

Valuation Review Appraisal Valuation Mortgage 410

Housing Wire

AUGUST 31, 2023

Adam Wiener, Redfin ’s president of real estate services, is leaving the brokerage after nearly 16 years of service, CEO Glenn Kelman announced in an email sent to employees on Tuesday. His last day at the company will be Friday, Sept. 8. During his tenure, Wiener first served as a product manager for agent tools. He then went on to run the partner program, analytics, marketing and a variety of new businesses.

Real Estate 397

Real Estate Brokerage Mortgage Agents 397

Housing Wire

AUGUST 31, 2023

Encompass Lending Group , a subsidiary of real-estate services platform Fathom Holdings, has acquired Austin, Texas-based Elite Financing Group, the company announced Thursday. Terms of the deal were not disclosed. Elite Financing Group will operate under the umbrella of Cary, North Carolina-based Encompass, which has a presence in the Dallas-Fort Worth area.

Mortgage 397

Mortgage Lending Real Estate Finance 397

Housing Wire

AUGUST 31, 2023

Core inflation met consensus expectations today, with goods prices declining and shelter inflation continuing to moderate, said Zillow Senior Economist Orphe Divounguy. The personal consumption expenditures (PCE) price index, excluding food and energy, rose 0.2% in July after increasing 0.2% in June , the Commerce Department said Friday. Meanwhile, core PCE — the Federal Reserve ’s preferred inflation gauge — also rose 0.2% month-over-month.

Marketing 397

Marketing 397

Housing Wire

AUGUST 31, 2023

In what is perhaps the most traditional sector of housing, change has arrived. However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. How do the solutions work? Why do we need them? Who is eligible to take advantage of them? And as a loan officer (LO), why should I care? We’re here to answer those questions, specifically with you in mind, LOs.

Appraisal 397

Appraisal Modernization Valuation Inspection 397