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 Design 458

Real Estate News

AUGUST 31, 2023

NAR leaders affirmed Bob Goldberg as CEO during an emergency meeting days after the association’s president resigned following sexual harassment allegations.

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303

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 198

Business Technology Mortgage 198

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 178

Construction 178

Kairos Appraisal Services

AUGUST 16, 2023

Buying a home today looks very different than it did in previous decades. From virtual house tours to applying for a mortgage online, the real estate industry has embraced new technology, weaving it into many of its processes. The home appraisal industry is beginning to use more technology, too. If you are buying or selling… The post How Technology Improves the Home Appraisal Process appeared first on Kairos.

Appraisal Process 98

Appraisal Process Technology Appraisal Real Estate 98

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 82

Investing Marketing Real Estate 82

Real Estate News

AUGUST 28, 2023

Just two days after the New York Times published claims of harassment, retaliation and intimidation at the association, Kenny Parcell has stepped down.

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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 195

Mortgage Marketing 195

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.

Inventory 167

Inventory Mortgage Construction 167

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 74

Realty Clients Construction Real Estate 74

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 83

Investors 83

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%).

Inventory 421

Inventory Contracts Buyers Realtors 421

Real Estate News

AUGUST 31, 2023

Following the Lahaina wildfires, "predatory capitalism" has taken hold in the historic community as locals are faced with the decision to rebuild or sell.

Agents 295

Agents 295

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 195

Real Estate Brokerage 195

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 148

Home Improvement Marketing Construction 148

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 74

Realty Agents Clients Business 74

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.

Investing 74

Investing Real Estate Marketing Housing Market 74

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.

Real Estate Agent 421

Real Estate Agent Mortgage Landlords Real Estate 421

Real Estate News

AUGUST 31, 2023

A survey of buyers found that trustworthiness and the ability to provide high-value services were key to landing — and keeping — them as a client.

Buyers 272

Buyers Agents Clients 272

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 192

Realtors Brokerage Agents 192

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts.

Construction 148

Construction Development 148

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.

Modernization 69

Modernization Appraisal Valuation Real Estate 69

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.

Inventory 69

Inventory Real Estate Buyers Renovations 69

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 420

Mortgage Housing Market Contracts Buyers 420

Real Estate News

AUGUST 30, 2023

Pending sales in July rose a modest 0.9%, but that could reflect an extended homebuying season as inventory has stifled buying activity.

Inventory 281

Inventory 281

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 194

Brokerage Agents Marketing 194

Eyes on Housing

AUGUST 17, 2023

Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the first quarter while the Multifamily Occupancy Index.

Development 148

Development Marketing 148

BiggerPockets

AUGUST 23, 2023

A new Florida law will limit the power of local governments to impact zoning regulations, requiring them to approve multifamily and mixed-use residential developments in commercial, industrial, and mixed-use zones, […]

Law 69

Law Government Development Real Estate 69

Clear Capital

AUGUST 14, 2023

Follow ClearCast on LinkedIn , Twitter , Facebook , and Instagram. EPISODE SUMMARY In ClearCast’s 37th episode, Kenon Chen and Jeff Allen chat with David Hirshman, the EVP and Chief Content Officer for Blueprint. The three discuss David’s history in media and his role planning content for the premier event for industry executives, real estate and construction tech startups, and VCs.

Construction 69

Construction Real Estate 69

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

Contracts 410

Contracts Brokerage Business Training 410

Real Estate News

AUGUST 30, 2023

Emily Clark, president of Robert Paul Properties, discusses her top goals for the year and why agents should pay more attention to the industry.

Marketing 268

Marketing Agents 268

Inman

AUGUST 29, 2023

Agents and industry leaders said National Association of Realtors President Kenny Parcell's resignation is the first step in making the organization safer for female employees and members.

Agents 190

Agents Realtors 190

Eyes on Housing

AUGUST 29, 2023

The count of open, unfilled jobs for the overall economy continued to moved lower in July, falling to 8.8 million. While certain inflation readings have raised the likelihood of a September Federal Reserve interest rate increase, the JOLTS survey is another data point indicating an ongoing but gradual cooling of macro conditions due to elevated interest rates.

Marketing 147

Marketing 147

Lamacchia Realty

AUGUST 11, 2023

Darlene Umina has officially qualified for the 2023 Lamacchia Realty President’s Club, and we couldn’t be happier for her! She achieved this by surpassing $16,000,000 in sales volume so far this year – an impressive feat! This is Darlene’s seventh time qualifying, having also made it in 2017 , 2018 , 2019 , 2020 , 2021, and 2022 , as well as President’s Club ELITE in 2021, and 2022 !

Realty 69

Realty Agents Clients Real Estate 69