Appraisal Buzz

JUNE 18, 2024

Despite the construction boom that happened shortly after pandemic restrictions began being lifted—that has since slowed—the U.S. housing shortage grew to a 4.5-million-unit deficit, up from 4.3 million units in 2023, according to a new analysis from the real estate firm Zillow. The deepening housing deficit is the root cause of the housing affordability crisis According to Zillow, at its core, the housing market is driven by supply and demand; when the number of people who want a home increase

Inventory 448

Inventory Construction Law Real Estate 448

BiggerPockets

JUNE 5, 2024

Mortgage porting allows you to transfer an existing mortgage from one property to another, with the same lender and the same terms, under certain conditions. Is this something investors should try?

Investors 82

Investors Mortgage 82

Housing Wire

JUNE 27, 2024

After rising in March , pending home sales continued to slide in May, with the Pending Home Sales Index (PHSI) posting its second consecutive month of declines to reach a record low, according to data released Thursday by the National Association of Realtors (NAR). The PHSI fell 2.1% from April to a reading of 70.8 in May, which was down 6.6% on a yearly basis.

Inventory 485

Inventory Contracts Realtors Buyers 485

Real Estate News

JUNE 22, 2024

New York is one of only two cities where landlords can hire brokers and require renters to pay them. This may be changing — but not if the industry has its way.

Landlords 360

Landlords 360

Inman

JUNE 10, 2024

As compliance becomes even more top of mind for the industry, Realtracs CEO Stuart White writes, MLSs have an enhanced role as a reliable resource to support professionals in following developing processes and procedures.

Tools 197

Tools Development Brokerage Agents 197

Eyes on Housing

JUNE 6, 2024

Despite higher mortgage rates, limited resale inventory and strong growth in demand continued to put upward pressure on house price appreciation. House price appreciation was recorded in all 50 states and the District of Columbia. According to the quarterly all-transactions House Price Index (HPI) released by the Federal Housing Finance Agency (FHFA), U.S. house prices.

Inventory 173

Inventory Finance Mortgage 173

BiggerPockets

JUNE 13, 2024

Learning the art of rent collection is crucial for running a successful rental business. Implementing efficient, effective rent collection strategies can minimize stress, improve cash flow, and help maintain a positive relationship with your tenants.

Tenants 89

Tenants Business Property Management Landlords 89

Housing Wire

JUNE 5, 2024

The U.S. Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA). The Manufactured Home Community loan product will “will help entities to preserve, stabilize, and revitalize these vital sources of affordable housing,” the department explained.

Government 527

Government Finance Renovations Insurance 527

Real Estate News

JUNE 24, 2024

The associations that own the 16th-largest MLS surprised its leaders with a deal that “scared the absolute hell out of us,” REcolorado’s vice chair said.

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Inman

JUNE 18, 2024

The U.S. Department of Justice on Monday argued NAR "does not identify any errors of law or fact meriting panel rehearing" over whether the antitrust enforcer can reopen its probe into NAR rules.

Law 200

Law Realtors 200

Mortgagebroker News

JUNE 24, 2024

Funds hit by market slump and high rates are restructuring operations to adapt

Real Estate 90

Real Estate Investing Marketing 90

Appraisal Buzz

JUNE 18, 2024

Rapid rent increases mixed with widespread financial hardship pushed the number of cost-burdened renters to a record high of 22.4 million households in 2022, according to a new analysis from Harvard’s Joint Center for Housing Studies. With housing costs outpacing income gains, low-income renters have been hit especially hard—median residual income remaining post-rent has sunk to $310 a month, far less than the minimum for an adequate standard of living, and turning food, healthcare, and childcar

Investing 434

Investing Appraisal Marketing 434

BiggerPockets

JUNE 14, 2024

When New York City banned short-term rentals (under 30 days) under Local Law 18 in September 2023, 15,000 landlords suddenly found themselves without income, many struggling to pay their mortgages.

Landlords 85

Landlords Law Investors Mortgage 85

Housing Wire

JUNE 11, 2024

The U.S. Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. The change, a result of the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , was anticipated late last month and commented on by Michelle Corridon, the deputy policy director at the VA.

Buyers 517

Buyers Real Estate Real Estate Agent Brokerage 517

Real Estate News

JUNE 25, 2024

Association owners of REcolorado say now is “the right time to sell” and that decoupling MLSs and associations can provide protections and improve operations.

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Inman

JUNE 24, 2024

Fannie Mae on Friday slashed its 2024 forecast as a result of weak spring home sales, but listings are returning to the market and mortgage rates look poised to drop, according to new projections.

Mortgage 190

Mortgage Marketing Agents 190

Mortgagebroker News

JUNE 21, 2024

Brokers have crucial opportunity to guide clients through turbulence, says top mortgage exec

Mortgage 82

Mortgage Clients 82

Appraisal Buzz

JUNE 14, 2024

Home sales dipped 1.7% month-over-month in May on a seasonally adjusted basis, and 2.9% year-over-year, according to a recent Redfin study. There have only been two months in the last decade with fewer home sales: October 2023, when mortgage rates reached a 23-year high, and May 2020, when the pandemic brought the housing market to a halt and home sales to an all-time low.

Sellers 435

Sellers Buyers New Listings Mortgage 435

BiggerPockets

JUNE 3, 2024

If you are a new investor with limited capital, having the misfortune of renting to a bad tenant in a tenant-friendly state can cripple you financially and put you off […]

Tenants 84

Tenants Law Landlords Real Estate 84

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. homeowner with a mortgage added $28,000 in equity during the year ending in March 2024 — the highest year-over-year increase since late 2022.

HOA 512

HOA Home Value Insurance Mortgage 512

Real Estate News

JUNE 13, 2024

Buyers have more inventory to choose from, but the uptick in demand could be short-lived as the lock-in effect and price growth continue to stymie sales.

Inventory 307

Inventory Mortgage Buyers 307

Inman

JUNE 4, 2024

Some believe more buyers will come to the table without agents. That could lead to fertile breeding grounds for the polarizing practice sometimes known as "double ending.

Agents 195

Agents Buyers Law Realty 195

Mortgagebroker News

JUNE 11, 2024

Poll found Canadians still discouraged by high mortgage costs and housing affordability

Mortgage 80

Mortgage 80

Appraisal Buzz

JUNE 17, 2024

According to new Redfin research , more than three in five—an estimated 61.9%—of homes on the market in May had been listed for at least 30 days without selling. That’s up from 60% a year ago and around 50% two years ago. Since March, when new listings increased but buyer demand remained sluggish, the share of properties on the market for at least one month has increased year-over-year, as it has since mortgage rates began climbing in 2022.

Marketing 431

Marketing Inventory Contracts New Listings 431

BiggerPockets

JUNE 12, 2024

This article is presented by DealMachine. Read our editorial guidelines for more information. A well-built, up-to-date lead list is an essential component of success in real estate investing.

Investors 84

Investors Real Estate Investing Business 84

Housing Wire

JUNE 8, 2024

Given last week’s surprising jobs report, how much longer will we have to deal with higher mortgage rates ? The labor data will be the key to answering that question. It’s essential to track the labor data along with inflation because the key to getting lower mortgage rates for longer lies with the labor data more than inflation. That makes this week another one to watch since we will have CPI inflation and the Federal Reserve meeting results on Wednesday.

Mortgage 496

Mortgage Inventory New Listings Contracts 496

Real Estate News

JUNE 28, 2024

The Realtor association owners of the MLS said the decision was made “in the best interests of our collective membership” following confidentiality violations.

Buyers 296

Buyers Realtors 296

Inman

JUNE 11, 2024

The temporary rules were first announced in May ahead of Memorial Day and came in response to calls from Realtors who feared veterans would become less competitive in the new landscape.

Realtors 187

Realtors Buyers Real Estate Brokerage 187

Mortgagebroker News

JUNE 27, 2024

Investigation uncovers altered bank statements and fake employment records

Agents 84

Agents Mortgage 84

Appraisal Buzz

JUNE 27, 2024

May saw a 2.1% decline in pending home sales, according to the National Association of REALTORS. While the Northeast and West saw advances in transactions each month, the Midwest and South reported losses. Per the report, every U.S. region had decreases over the previous year. Indicator of prospective home sales based on contract signings, the Pending Home Sales Index (PHSI) dropped to 70.8 in May.

Contracts 418

Contracts Inventory Buyers Mortgage 418

BiggerPockets

JUNE 17, 2024

DSCR loans have moved at unprecedented rates. Real estate investors navigating the challenging market of 2024—with mortgage rates still at elevated levels—are at an advantage.

Marketing 83

Marketing Real Estate Investors Mortgage 83

Housing Wire

JUNE 17, 2024

From rising home prices to rising mortgage rates and inflation , the millennial generation hasn’t had it easy when it comes to homeownership. But new data from Realtor.com shows that millennials aren’t overly burdened in comparison to previous generations. The analysis of historic home prices, income levels and mortgage rates found that baby boomers — Americans between the ages of 60 and 78 this year — “arguably faced the toughest housing market ever for first-time buyers.“ In 1980, when boomers

Housing Market 479

Housing Market Property Taxes Inventory Mortgage 479

Real Estate News

JUNE 11, 2024

A new survey of lenders reveals a 38 basis point difference between mortgage rates by state, which can mean hundreds of dollars a year for borrowers.

Mortgage 294

Mortgage 294

Inman

JUNE 7, 2024

Four days after Bing Real Estate came under fire for its alleged co-opting of listing data from Zillow, Redfin and Realtor.com, Microsoft has removed for-sale listing data from its site.

Real Estate 192

Real Estate Technology Agents 192