Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth. Weekly Active listings fell by 866 homes Mortgage rates rose to a year-to-date high of 7.22% Purchase apps were down 5% week to week Weekly housing inventory We had a hat trick in housing last week: weekly active listings wer

Inventory 485

Inventory Housing Market Marketing New Listings 485

Sacramento Appraisal Blog

JULY 13, 2023

The housing market has likely peaked for the year. Today I’d like to show some ways I’m seeing this in the stats. I’m focused on Sacramento, but this is likely showing up in many markets. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/23 SAR Market Update (in-person & livestream) 7/26/23 Fair Mortgage (details TBD) […] The post Did the housing market peak for the year?

Housing Market 252

Housing Market Marketing Real Estate Appraisal 252

Real Estate News

JULY 12, 2023

T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.

Agents 246

Agents Real Estate 246

George Dell

JULY 12, 2023

Workfile is required, (or not?). This part 7 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.7 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. USPAP WORKFILE The “workfile” concept works well as an effort at documenting an […] The post Workfile or Integration?

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Valuation Appraisal 195

Housing Wire

JULY 14, 2023

loanDepot has named Darren Graeler as executive vice president and chief accounting officer. He will succeed current CFO David Hayes as the publicly traded lender’s chief accounting officer. The company will pay Graeler a base salary of $335,000 with an annual target bonus of 100% of base salary, according to a filing registered with the Securities and Exchange Commission (SEC) on Thursday.

Business 370

Business Mortgage 370

The Appraiser Coach

JULY 11, 2023

The Covid-19 pandemic has changed a lot about our lives and the way we conduct our businesses. Some things may never again be the same again. As a result of the lockdowns, we had to turn to conducting our businesses remotely, and many of us have continued to do so even now. While working remotely has many potential benefits, it also presents many unique challenges.

Business 195

Business Appraisal Inspection Advertising 195

Eyes on Housing

JULY 10, 2023

Data obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, show that the rising trend of two or more stories homes continued in 2022. Although the overall share remained virtually unchanged, the share of two or more stories homes started construction was greater than one story homes in 2022. Nationwide, the share of new homes.

Construction 179

Construction 179

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

Lending 370

Lending Realtors Retail Mortgage 370

The Appraiser Coach

JULY 11, 2023

The Covid-19 pandemic has changed a lot about our lives and the way we conduct our businesses. Some things may never again be the same again. As.

Business 150

Business Inspection Advertising Real Estate Agent 150

Real Estate News

JULY 13, 2023

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

Modernization 240

Modernization 240

Inman

JULY 11, 2023

Builders are adding more supply than at any point in the past five decades, with another million units on the way in the coming few years, according to a new report from RealPage.

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Housing Wire

JULY 13, 2023

Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26.

Mortgage 370

Mortgage New Listings Buyers Inventory 370

Eyes on Housing

JULY 14, 2023

Average hourly earnings for residential building workers* rose at a slower pace in May, after more than a year of strong gains. Wage growth has retreated below or close to 3%, from the peak rate of 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.87 in May 2023, increasing.

Construction 148

Construction Marketing 148

Real Estate News

JULY 12, 2023

Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.

Marketing 242

Marketing 242

Inman

JULY 14, 2023

Marketing software company Back At You is getting into the DIY content production game, releasing a new browser application to help the industry promote its brands, agents and properties, according to a company announcement.

Design 148

Design Real Estate Agents Marketing 148

Housing Wire

JULY 13, 2023

New York City-based title insurance agency Kensington Vanguard National Land Services, LLC. is the latest title firm to come under fire from New York Attorney General Letitia James for business practices that “reduce competition and negatively impact wages and opportunities for workers,” according to an announcement on Wednesday. An investigation by James’ office found that Kensington had entered into illegal no-poach agreements with several of its title underwriters, who also independently sell

Insurance 370

Insurance Agents Business Marketing 370

Eyes on Housing

JULY 12, 2023

Consumer prices in June saw a continued deceleration, with the smallest year-over-year gain since March 2021. Over the past twelve months, inflation has been consistently decelerating. Despite a slowdown compared to the previous month, the shelter index (housing inflation) continued to be the largest contributor to both headline and core inflation, accounting for over 70% of the increase in headline.

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Real Estate News

JULY 10, 2023

Every agent knows there's more to the job than pulling comps and showing homes. But sometimes closing a deal takes an exceptional level of service.

Agents 223

Agents Clients 223

Inman

JULY 13, 2023

Tune in to Inman Access and discover the untold experiences and lessons that have shaped the remarkable career of real estate icon Sherry Chris in an exclusive interview with Andrew Flachner.

Real Estate 148

Real Estate Brokerage Agents 148

Housing Wire

JULY 13, 2023

Argyle , a rising player in the digital income and employment verification industry, announced the appointment of Anaid Chacón as its new senior vice president of product. Chacón brings with her over a decade of leadership experience in product management and technology to her new role. At her new company, her primary goal will be to optimize the utilization and adoption of Argyle’s products across various sectors, including mortgage, lending, banking, and background checks.

Technology 370

Technology Design Lending Mortgage 370

Eyes on Housing

JULY 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in June 2023 (not seasonally adjusted). March 2023 was the last month prices increased. The index has gained 0.5%, year-to-date, and has not increased 1% or greater in any month since March 2022.

Construction 142

Construction 142

Real Estate News

JULY 11, 2023

Morningstar has made a bold prediction about where mortgage rates and home prices are headed, but for now, prices are still rising.

Mortgage 238

Mortgage 238

Inman

JULY 12, 2023

A year and a half after Keller Williams legally blocked eXp World Holdings' attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned.

Legal 148

Legal Realty Brokerage Agents 148

Housing Wire

JULY 14, 2023

During the first six months of 2023, a total of 185,580 U.S. properties went into foreclosure , default notices, scheduled auctions or bank repossessions. That’s up 13% compared to the same period last year and it’s up by 185% compared to the same time period two years ago, when COVID-related restrictions were still in place. Additionally, average days to complete a foreclosure peaked in Q2 2023, according to ATTOM Data Solutions ‘ latest foreclosure market report.

Real Estate 369

Real Estate Marketing Mortgage 369

GoForrmz

JULY 14, 2023

Originally published on 08/03/2015 Did you know you can easily set your Checkboxes to be automatically ‘checked’ when you generate a new form? Configuring Checkbox fields to be automatically ‘checked’ when a new form is generated is a simple, yet powerful functionality that saves users time, enforces data capture rules, streamlines data entry, and eliminates the need for teams to repeatedly ‘check’ items in their everyday mobile forms.

Inspection 141

Inspection 141

Real Estate News

JULY 13, 2023

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Mortgage 218

Mortgage 218

Inman

JULY 12, 2023

The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.

Property Taxes 148

Property Taxes Marketing Mortgage 148

Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. entered into a dispute with Terra Property Trust, Inc. for Western Asset Mortgage Capital Corp., the company announced on Thursday. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. and owner of mortgage lender ARC Home , made a stock-and-cash offer for its peer Western Asset, managed by Franklin Resources, Inc.

Investing 370

Investing Mortgage Property Management Investors 370

Chicagoland Appraisal Blog

JULY 12, 2023

Welcome to our blog post dedicated to unraveling the pronunciation of a name that has left many puzzled: Tsiaousis. As a home appraiser serving the vibrant city of Chicago, Mr. Tsiaousis is well-known for his expertise, but the pronunciation of his name often leaves clients scratching their heads. Fear not, for we are here to guide you through the phonetic spelling and help you confidently say Tsiaousis.

Clients 113

Clients Appraisal 113

Real Estate News

JULY 14, 2023

A new CFO joins Offerpad as the company looks to “accelerate its near-term growth,” and Windermere appoints a longtime leader as chief development officer.

Development 211

Development 211

Inman

JULY 12, 2023

The typical home value breached $350,000 for the first time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92 percent of homeowners have a mortgage rate below 6 percent.

Home Value 148

Home Value Mortgage Marketing 148

Housing Wire

JULY 14, 2023

The Consumer Financial Protection Bureau (CFPB) this week filed an amicus brief in a Maine Supreme Judicial Court in a case involving a married couple’s loan, joining with state officials including the attorney general, its Bureau of Financial Institutions and Bureau of Consumer Credit Protection. The Maine state agencies filed the lawsuit, Franklin Savings Bank v.

Law 369

Law Mortgage Construction Lending 369

Eyes on Housing

JULY 14, 2023

Job gains slowed in June, but the labor market remained solid. Total payroll employment rose by 209,000 and the unemployment rate decreased to 3.6%. In June, wages grew at a 4.4% year-over-year growth rate, down 1.1 percentage points from a 5.5% gain in May 2022. Total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 in.

Marketing 78

Marketing Construction 78

Real Estate News

JULY 12, 2023

After Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?

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