Housing Wire
JANUARY 2, 2024
The “ silver tsunami ” — a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging — could have more of an impact on the housing market this year, according to analyst Meredith Whitney in a conversation with Yahoo Finance. “[T]he other major demographic trend you see is the aging of America,” Whitney said.
Sacramento Appraisal Blog
JANUARY 4, 2024
What’s the housing market going to do in 2024? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.
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Real Estate News
JANUARY 3, 2024
Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.
George Dell
JANUARY 3, 2024
An appraisal, everyone knows what is. Or do they? To explore this question, we must consider the theoretical – what USPAP expects. And we must consider what actually happens – in real, practical, practical, practice. In addition, we must consider other “valuations” types. We also might glance at what might be an ideal – given […] The post What IS an Appraisal?
Housing Wire
DECEMBER 30, 2023
Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow. Those reading the tracker would have understood why the housing market dynamics shifted on Nov. 9, 2022, and they’ll be ready for what’s coming next.
The Appraiser Coach
JANUARY 2, 2024
There’s been a lot of talk recently about desktop appraisals. Everyone has their opinion, and there are many who are not in favor of this new development. I don’t know any more than you do about where things are headed, but from what I do know, and from connecting the dots, I think it’s that desktop appraisals will become more (not less) popular.
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Inman
JANUARY 4, 2024
Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.
Housing Wire
JANUARY 5, 2024
Slowing job growth doesn’t mean a recession, but today’s jobs report tells me that the significant job gains we were accustomed to in the early part of the COVID-19 recovery period are ending, which ties nicely to how I thought labor would recover after COVID. Even though the headline number on the report today beat estimates, we are entering a new phase of the economic cycle, which means you need to know where to look to get clues for a recession.
The Appraiser Coach
JANUARY 3, 2024
A simple concept, but how can you make this apply to real estate appraisal? How do you increase your volume and revenue by creating great offers for your potential clients? Check out this episode!
Real Estate News
JANUARY 2, 2024
MoxiWorks predicts home sales will increase 8% year-over-year in January, which could bolster economist predictions of a rebound in 2024.
Inman
JANUARY 4, 2024
More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.
Housing Wire
JANUARY 5, 2024
Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. Despite the rise in poaching lawsuits in a competitive market, it’s the first time a large lender has publicly accused a competitor of violating the LO comp rule by allowing their salesforce to manipula
The Appraiser Coach
JANUARY 3, 2024
With less volume comes more time on your hands. Some appraisers are using that time to attack others. Dustin gives a better solution to how you might spend your extra time. Check out this episode!
Real Estate News
JANUARY 2, 2024
The family-run company may not project the flashy style of some other firms, but it offers substance, with a successful growth strategy and continued momentum.
Inman
JANUARY 2, 2024
Fourteen of the real estate industry's biggest leaders shared their thoughts on rising mortgage rates, slowing sales, antitrust suits, National Association of Realtors drama, and several other headline-making stories along with their hopes for the new year.
Housing Wire
JANUARY 5, 2024
Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates make mortgages more accessible, paving the way for more buyers into the market and potentially resulting in increased demand and higher prices.
Eyes on Housing
JANUARY 5, 2024
December’s jobs report concludes another solid year of job hiring in 2023. In December, total nonfarm payroll employment increased by 216,000, and the unemployment rate held steady at 3.7% for the second month. Job gains moderated in 2023 with an average 225,000 monthly employment growth but remained strong. In December, wage growth accelerated to a 4.
Real Estate News
JANUARY 5, 2024
The impact of artificial intelligence covers a wide range of territory — from consumer engagement to property valuation — as the real estate landscape shifts.
Inman
JANUARY 2, 2024
An SEC filing showed the Compass CEO is letting go of $25 million in performance-based restricted stock unit awards in exchange for something a bit more tangible. His salary is also going up to $900,000.
Housing Wire
JANUARY 5, 2024
On Jan. 26, HousingWire will host a virtual debate between Michael Ketchmark, the plaintiffs’ attorney in the Sitzer/Burnett commission lawsuit, and Anthony Lamacchia , CEO of Lamacchia Realty and an outspoken advocate for Realtors, to discuss the arguments and the outcome of the trial. The recent landmark decision in the Sitzer/Burnett case included multi-billion dollar penalties for the National Association of Realtors , HomeServices of America and Keller Williams and spawned more tha
Eyes on Housing
JANUARY 3, 2024
Due to tightened monetary policy, the count of total job openings for the economy continues to move slower. This is consistent with a cooling economy that is a positive sign for future inflation readings. In November, the number of open jobs for the economy declined to 8.8 million. This is notably lower than the 10.8 million reported a year ago.
Real Estate News
JANUARY 4, 2024
Interest rates were nearly flat in the first week of 2024, ticking up slightly after nine weeks of declines.
Inman
DECEMBER 31, 2023
Because we're sure you remember these stories all too well, we'll just get to it without further ado. Here are the top news stories of 2023, ranked by readership.
Housing Wire
JANUARY 2, 2024
New York-based nonbank mortgage lender RealFi (formally known as Residential Home Funding Corp. ) laid off employees in December and did not issue their last paychecks or provide a severance package, former workers told HousingWire. The company’s executives held a conference call with employees on Dec. 15, notifying them about the job cuts because of a “lack of work” and “warehouse lines of credit,” a former underwriter told HousingWire anonymously for fear of retaliation.
Eyes on Housing
JANUARY 5, 2024
Nonfarm payroll employment increased in 37 states and the District of Columbia in November compared to the previous month, while 13 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 199,000 in November, following a gain of 150,000 jobs in October.
Real Estate News
JANUARY 4, 2024
Zillow predicts some of the hottest markets for price growth and home sales will be those in the Great Lakes region, with three Ohio cities in the top 10.
Inman
JANUARY 5, 2024
Armed with the latest research, Rachael Hite talks with Glennda Baker about choosing sobriety in an industry that is always ready to party and why drinking is so harmful for women.
Housing Wire
JANUARY 2, 2024
U.S. single-family rent growth softened year-over-year in October, but remained above pre-pandemic levels. Rental prices were up by 2.5% annually in October, cooling from 2.6% annual growth in September. It was the largest drop between September and October in more than a decade. Rent growth was also the lowest since the summer of 2020. That’s according to CoreLogic ’s Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas.
Appraiserblogs
JANUARY 5, 2024
Appraisers, it seems this past year has been like furiously paddling against a giant iceberg containing frozen lending assignments in the North Atlantic ocean while in a rowboat with one paddle! The entire 2023 has been one chilling episode in terms of mortgage lending appraisal assignments for appraisers. While it’s too soon to tell for sure, a giant sea-going tug boat with high horsepower diesel engines powering twin propellers mounted on azipods has arrived on the scene to help direct and pus
Real Estate News
JANUARY 2, 2024
Robert Reffkin got a hefty cash bonus and a raise for 2024, but he had to give up a stock plan worth upwards of $25 million.
Inman
JANUARY 4, 2024
The Mike Seder Group and the Ronnie and Cathy Matthews Group join eXp as the battle for top agents continues to be one of real estate's defining stories.
Housing Wire
JANUARY 5, 2024
The seniors who are often the parents of Generation X and Generation Y ( millennials ) could become a pronounced expense for their kids in the coming years, but adult children also want to see their parents successfully age in place. This is according to a commentary from Sarita Mohanty, president and CEO of elder financial advocacy organization The SCAN Foundation in a commentary published by Fortune.
Appraiserblogs
JANUARY 2, 2024
The Elephant I refer to is simply this: Fannie Mae’s modernization program is going to put a lot of appraisers out of business. It’s all “lender centric”. It’s all about better, faster, cheaper, appraisals (with lots more data) for lenders. As an appraiser, all I see are sticks… no carrots. Nobody wants to talk about the Elephant in The Room. Post COVID 19, business was excellent; fees were high and we profited.
Real Estate News
JANUARY 4, 2024
T3 Sixty opens submissions for residential real estate website rankings; HomeScout acquires lead-gen company Trinity Oak; Inside RE releases AI assistant.
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