Housing Wire

JANUARY 12, 2023

Today’s inflation data has shown that the peak growth rate of inflation is behind us. This should also mean mortgage rates hit their highs. The key phrase I have stressed since I wrote about the case for mortgage rates to go lower on Oct. 27 is thinking 12 months out. The trend is your friend, and the month-to-month data has cooled off noticeably. That cooling happened even with the biggest inflation component — shelter inflation — still rising in the lagged modeled CPI data.

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Mortgage Modernization Housing Market Marketing 530

The Appraiser Coach

JANUARY 10, 2023

I’ve begun to notice that retirement is starting to creep up on me a little bit, and I’m starting to wonder if I’m really ready. I recently decided to get. Read More.

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Business Advertising Real Estate Agent Government 366

Cleveland Appraisal Blog

JANUARY 12, 2023

Are you planning on moving to a new state? There’s so much to think about. Employment, the cost of the move, buying a home, and many other things. This week, I welcome a new guest blogger, Ryan Mackenzie, who shares tips for making a move more manageable. I hope you enjoy it! So you have decided to move to a new state. Good for you! This is a chance to meet new people and experience a new culture.

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Appraisal Business Investing Housing Market 304

Sacramento Appraisal Blog

JANUARY 11, 2023

If you torture the stats long enough, they’ll confess to anything. Have you heard that before? Well, it’s true in real estate. If we’re not careful, we can make numbers say anything, whether for a glowing or doom narrative. Today, I want to talk about the danger of annual stats right now, and then I […]. The post Torturing housing stats to say what you want first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Appraisal Housing Market Marketing 248

Housing Wire

JANUARY 9, 2023

The housing market saw inventory fall 4% last week from the week before. That’s a big one-week change. Does that mean we are heading back to all-time lows in inventory again for 2023? Traditionally, we do see housing inventory fall in the month of December, however, we clearly saw in the second half of 2022 that higher rates created more days on the market and inventory was lingering longer.

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Inventory Housing Market Marketing New Listings 541

George Dell

JANUARY 11, 2023

Errors and mistakes can be “statistical.” They can be modeling Blunders. Or they can be of a third type: misjudging what the data is showing you. As we continue to grow the CAA (Community of Asset Analysts), we find that our body of useful algorithms and shared programs continues to deepen and widen. The accuracy […]. The post Errors Mistakes and Modeling Myths?

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Inman

JANUARY 9, 2023

The metaverse is quickly becoming a platform, or a collection of several platforms, where you can advertise, socialize, build, and explore. It’s no wonder we’ve started to imagine how to bring real estate to this realm.

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Real Estate Development Advertising Realty 187

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. . “I’ve had five people contact me in the last week or so to talk about buying a new home, which is much better than a month or two ago,” Rochelle Gano , a Vancouver, Washington-based loan officer at Movement Mortgage , told HousingWire. “It seems like, with every

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Sellers Mortgage Loan Officers Buyers 525

Appraiserblogs

JANUARY 13, 2023

Meanwhile, cratering home prices are eroding demand for the junk-rated credit transfers. As mortgage giants Fannie and Freddie bend the knee to their political overlords, they securitize ever riskier loans. It’s a sign of the times. But while no one was looking, the twins – who wield the full faith and credit of the U.S. government – began quietly offloading this surplus risk in the form of so-called “credit-risk transfers.

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Eyes on Housing

JANUARY 10, 2023

Mortgage rates have increased rapidly in 2022, as the Federal Reserve continues to fight high inflation. The U.S. weekly 30-year fixed-rate mortgage rose from a slightly more than 3% in early 2022 to more than 7% in late October and leveled off at a rate of 6.42% as of the end of 2022. Mortgage payments have increased from $1,925 on.

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Mortgage 188

Inman

JANUARY 11, 2023

From the ability to control their own income and flexibility of work hours to making a positive impact in the lives of others — there are many reasons why real estate professionals do what they do.

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Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications. Purchase activity was down again on a weekly and annual basis,” Bob Broeksmit, Mortgage Bankers Association (MBA) president and CEO, said in a statement.

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Appraiserblogs

JANUARY 11, 2023

It’s theft of services to constantly think it’s okay to drain appraisers time and resources as if we’re advocates of the AMC; all our time and energy constantly available to AMCs so they can shop us to infinity on a per diem assignment pattern forever to increase their own profits. They condition appraisers to become advocates of the AMC or you don’t get anything.

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Eyes on Housing

JANUARY 13, 2023

According to the U.S. Census Bureau’s latest estimates, the U.S. resident population grew by 1,256,003 to a total population of 333,287,557. After a historically low growth rate of 0.16% between 2020 and 2021, the U.S. population grew at a rate of 0.38% between 2021 and 2022. The increase in the population growth rate reversed a 6-year trend of declining population.

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Inman

JANUARY 12, 2023

The new feature, prepared through a partnership between the brokerage and Wattbuy, will display an estimate of the homes' monthly electricity bills and seasonal changes in pricing.

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Brokerage 161

Housing Wire

JANUARY 9, 2023

This article is part of our 2022 – 2023 Housing Market Forecast series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Retail Sellers Buyers Market Value 487

Riverfront Appraisals

JANUARY 13, 2023

If you’ve been following me for any length of time, you know I’ve talked a lot about market value. And, the reason for this is that there is so much confusion around this term. Way too many people still think that market value is simply what a buyer is willing to pay for a property. […]. The post FAQ #2: What’s the Difference Between Appraised Value and Market Value?

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Market Value Appraisal Marketing Buyers 78

Eyes on Housing

JANUARY 12, 2023

Consumer prices in December saw the largest month-over-month decrease since April 2020. While still elevated, inflation experienced the third month below an 8% annual growth rate since February 2022. Moreover, this was the sixth consecutive month of a deceleration. However, the shelter index (housing inflation) continued to rise at an accelerated pace and was the largest contributor to the total.

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Inman

JANUARY 13, 2023

Era Ventures led the funding round for New York-based Welcome Homes, an online home construction platform that elevates the design and buy process of new property construction.

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Housing Wire

JANUARY 10, 2023

Potential homebuyers’ purchase sentiment improved slightly in December, but that still remains well below pre-pandemic highs, according to new data from Fannie Mae. Ongoing affordability challenges are expected to limit buyers from entering the market in 2023, according to Fannie Mae , which will result in continued decline in home sales in coming months.

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GoForrmz

JANUARY 12, 2023

Rapidly locate and complete Required fields you may have missed We’ve just released an exciting improvement to our Required fields feature within the GoFormz web application (our online experience). This update makes it easy to locate Required fields that have not been completed when submitting a form. What’s New? Digital forms cannot be completed when Required fields are left empty.

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Eyes on Housing

JANUARY 9, 2023

Average hourly earnings for residential building workers* rose at a slower pace in November. After reaching the highest rate (8%) of 2021 in October, the pace of wage growth has retreated and remained below 4% for the past five consecutive months. The recent slowdown in wage growth will ease inflation pressures.

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Construction Marketing 150

Inman

JANUARY 13, 2023

If you’re looking for a way to keep your upfront costs down but still have a steady flow of leads coming into your business, Jimmy Burgess recommends these companies.

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Business Realty Agents 167

Housing Wire

JANUARY 10, 2023

Wells Fargo , the largest depository mortgage lender in America, announced Tuesday that it will officially exit the correspondent channel and also reduce its servicing portfolio, the country’s largest. . The move isn’t much of a surprise. Executives have hinted at it over the past year and Bloomberg reported in August that Wells Fargo would likely shrink or eliminate the correspondent channel.

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Empire Appraisal Group

JANUARY 11, 2023

2023 Real Estate Forecast: Market to Regain Normalcy. Source: 2023 Real Estate Forecast: Market to Regain Normalcy (nar.realtor). But even though mortgage rates and home prices are expected to moderate, home sales may still sag under persistent inventory shortages, housing economists predict. © Panuwat Dangsungnoen – iStock/Getty Images Plus.

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Eyes on Housing

JANUARY 10, 2023

The balance of consumer credit outstanding grew 7.1% in November 2022 (seasonal adjusted annual rate) after climbing 7.4% (SAAR) in October according to the Federal Reserve’s latest G.19 Consumer Credit report. Revolving debt—which consists primarily of credit card debt—increased at a 16.9% rate, more than four times the growth of nonrevolving debt (excluding real estate) which grew 3.9% (SAAR).

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Real Estate 139

Inman

JANUARY 13, 2023

National Association of Realtors' membership edged ever closer to 1.6 million in 2022, but the real estate trade group expects a drop this year, according to data provided to Inman.

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Housing Wire

JANUARY 9, 2023

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . “After nearly 13 years with Rocket Mortgage, I was relieved of my duties on Friday as part of restructuring during these tough market conditions,” Tony Saia, former director of marketing channel strategy, wrote on social media on Monday morning.

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Mortgage Marketing Loan Officers Business 475

JMV Lending

JANUARY 10, 2023

A real estate appraisal is a professional assessment of the value of a property. This assessment is typically conducted by a licensed appraiser, who will consider various factors to determine the property’s fair market value. Real estate appraisals are often used for a variety of purposes, including assessing the value of a property for sale […] The post What is a Real Estate Appraisal?

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Eyes on Housing

JANUARY 11, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending January 6th, total mortgage activity increased 1.2% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate fell sixteen basis points to 6.42%. The FRM rate has remained near 6.4% over the past month. The Market Composite Index, a measure of mortgage loan application volume, rose by.

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Mortgage Marketing Lending Finance 110

Inman

JANUARY 13, 2023

Economic uncertainty is putting pressure on real estate agents' databases. Hot leads have simmered, and suddenly business is harder to come by. That's why referrals are more valuable than ever.

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Business Real Estate Agent Real Estate Agents 161

Housing Wire

JANUARY 13, 2023

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year, along with a roundtable discussion on how these insights apply to your business.

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Marketing Contracts Supply Chain Project Management 469

GoForrmz

JANUARY 11, 2023

7 business resolutions to consider for the new year It’s that time of year again. As the calendars flip to a new year, now is the perfect time to reevaluate business resolutions and goals for the upcoming year. Regardless of your industry or job function, the resolutions below can help shape your business and elevate your personal performance growth within your organization!

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BiggerPockets

JANUARY 9, 2023

It’s a story that’s echoed across social media platforms from rental property owners across the nation: Vacation rentals are no longer generating the steady revenue investors grew to expect during […].

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