Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. This change appears to possibly diverge from a National Association of Realtors rule, which states that listing agents must make an offer of cooperative compensation to buyer brokers in order to list a property on the MLS.

Buyers 370

Buyers Clients Sellers Realtors 370

George Dell

JULY 19, 2023

Change. It’s clear that appraisal, as a vocation, has changed. Many appraisers are considering new careers. Others are preparing to meet new demands. Yet others are doing. nothing. Which mind are you? Escape. Retool. Or be in denial. I have taught with Valuemetrics.info for over 17 years now. And was on the […] The post Change Careers or Change Your Practice?

Appraisal 369

Appraisal 369

Sacramento Appraisal Blog

JULY 18, 2023

The weather has been scorching in so many areas across the country. I don’t know about you, but I’ve been thinking about water, lakes, and air conditioning quite a bit this week. Anyway, today I have some pool stats that I’m excited to share. I also want to show you the DIY “pool” I built […] The post The value of a pool in real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Real Estate 328

Real Estate Appraisal Marketing 328

Real Estate News

JULY 20, 2023

The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.

Buyers 246

Buyers Clients 246

Housing Wire

JULY 20, 2023

Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. The buyout follows two rounds in 2022, in April and August, which resulted in a workforce reduction of about 30% last year. “Yesterday, we offered a voluntary career transition opportunity to several teams within the organization to better align resources with the needs of both our business and today’s mortgage market,” Mike

Human Resources 370

Human Resources Loan Officers Business Mortgage 370

The Appraiser Coach

JULY 18, 2023

We all have our hobbies. I’ve talked to people who enjoy everything from quilting to drag racing to bird watching, and everything in between. Hobbies are an important part of our lives, but so often these days we don’t make time to do them. It’s easy to get stuck in a rut, with the to-do list looming bigger and bigger, the problems constantly mounting, and your hair becoming awash with gray as you try to keep up.

Business 195

Business Appraisal Inspection Advertising 195

Real Estate News

JULY 21, 2023

A correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.

Housing Market 246

Housing Market Marketing Mortgage 246

Housing Wire

JULY 20, 2023

In the competitive world of real estate, effectively and consistently securing listings is the key to success. Whether new to the industry or a seasoned vet, it’s important to keep an open mind and innovate your strategies. By embracing different opportunities, agents can expand their chances of securing more listings and growing their business.

Housing Market 370

Housing Market Marketing Real Estate Client Relationships 370

The Appraiser Coach

JULY 18, 2023

We all have our hobbies. I’ve talked to people who enjoy everything from quilting to drag racing to bird watching, and everything in.

Inspection 195

Inspection Advertising Real Estate Agent Business 195

Inman

JULY 20, 2023

The best thing you can do for the acceleration of your real estate team, Erin McCormick Torres writes, is to attract, hire and drive immediate production for like-minded recruits.

Real Estate 148

Real Estate Real Estate Agent Brokerage Agents 148

Real Estate News

JULY 20, 2023

The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.

Mortgage 235

Mortgage 235

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. About 35% of the 253 mortgage executives that responded to Fannie Mae ’s mortgage lender sentiment survey (MLSS) said cost cutting was overall the most important factor in their business operations – ranking first for the second year in a row.

Lending 370

Lending Technology Business Construction 370

Eyes on Housing

JULY 17, 2023

Over the first five months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 357,143. On a year-over-year (YoY) basis, this is 24.7% below the May 2022 level of 473,997. Year-to-date ending in May, single-family permits declined in all four regions. The Northeast posted the lowest decline of 14.7%, while the West region reported the steepest.

Construction 148

Construction Marketing 148

Inman

JULY 20, 2023

The 2023 Inman Innovator Awards finalists range from true upstarts to established players, with each offering a new vision for real estate. Winners will be announced live in Las Vegas, Aug. 8-10.

Real Estate 148

Real Estate Brokerage Agents 148

Real Estate News

JULY 18, 2023

NWMLS launches app; New Mexico MLS adopts Aligned Showings; CRMLS updates member dashboard; iGo acquires products; Clear Capital integrates with ICE API; more.

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Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. The lender claims actions by Katie Chikonde cost the lender millions of dollars. Chikonde, who was hired in January 2021, managed Go Mortgage’s warehouse lines, pricing, hedging and loan sales.

Mortgage 370

Mortgage Marketing Retail Construction 370

Eyes on Housing

JULY 18, 2023

While US homeownership rates have been rising since 2015 and received an extra boost during the post-pandemic housing boom, they remain below the levels reached during the housing boom of the mid-2000s. With the national trends reflecting fundamental drivers of homeowners, local markets often tell different and unique stories. NAHB’s analysis of the 2021 5-year ACS county-level data reveals substantial.

Marketing 147

Marketing 147

Inman

JULY 20, 2023

Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors.

Realtors 148

Realtors Brokerage Agents Marketing 148

Real Estate News

JULY 15, 2023

Broker-owner Adam Conrad of Perry Wellington Realty describes the challenges of navigating seven different MLSs as the slow journey to consolidation continues.

Clients 211

Clients Agents Realty 211

Housing Wire

JULY 18, 2023

Minneapolis-based U.S. Bank , the fourth-largest U.S. mortgage lender, is laying off staffers in its mortgage division this week, a spokesperson confirmed on Tuesday. The announcement follows a decline in its mortgage originations in the first quarter of 2023 – the second-quarter earnings will be released on Wednesday morning. The current jobs cut also comes amid rumors that depositary lenders would see changes to their residential mortgage capital requirements under the Basel III regulations.

Mortgage 370

Mortgage Retail Lending Business 370

Eyes on Housing

JULY 21, 2023

Nonfarm payroll employment increased in 38 states and the District of Columbia in June compared to the previous month, while 12 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 jobs in May. On a month-over-month basis, employment data was strong in Texas, which.

Construction 145

Construction Marketing 145

Inman

JULY 20, 2023

Maggie Wu is the latest of many agents to "boomerang" back to Compass after briefly leaving for another company. She leads the 4-person W Team which closed $102 million in sales last year.

Agents 148

Agents Brokerage 148

Real Estate News

JULY 18, 2023

While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.

Buyers 245

Buyers 245

Housing Wire

JULY 18, 2023

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Among those top performing agents are Grecia “GG” Garza, Francisco Rizo, Bret Whitfield and Eddie Wilbanks. Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year.

Agents 370

Agents Loan Officers Brokerage Clients 370

Robinson Appraisal Group

JULY 17, 2023

Maryland is facing a serious housing shortage that is impacting the entire state, but especially the Baltimore Metropolitan area. The low inventory of available homes combined with high interest rates has made it difficult for potential buyers to find an affordable home in the area. This has caused a decrease in overall real estate sales, and an increase in rental prices.

Inventory 141

Inventory Landlords Real Estate Realtors 141

Inman

JULY 18, 2023

Palm Bay, Cape Coral and Tampa top WalletHub's list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains.

Marketing 148

Marketing Buyers 148

Real Estate News

JULY 20, 2023

NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.

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Housing Wire

JULY 18, 2023

Under the latest rumored changes to Basel III regulations , large depository institutions would see residential mortgage capital requirements that far exceed international standards, according to a report by Bloomberg. The Federal Reserve , Federal Depository Insurance Corporation and the Office of the Comptroller of the Currency , which together regulate large depository banks, are expected to unveil the proposed changes on July 27.

Lending 370

Lending Mortgage Insurance Government 370

Empire Appraisal Group

JULY 20, 2023

primeimages / Getty Images Source: [link] Accept It: Higher Mortgage Rates Here to Stay By Holden Lewis Homebuyers shouldn’t view today’s rates as temporary and postpone ownership. The housing crisis pushed rates lower for 11 years, but that won’t recur anytime soon. NEW YORK – The era of low mortgage rates is over. Embracing this reality will hasten your owning a house that meets your needs.

Mortgage 78

Mortgage Realtors Real Estate Investing 78

Inman

JULY 18, 2023

From July 24 to 28, Century 21 and its affiliated companies will raise money for nonprofits that address food, healthcare and education inequalities. C21 corporate has pledged to match up to $50K in donations to longtime nonprofit partner, Easterseals.

Brokerage 148

Brokerage 148

Real Estate News

JULY 17, 2023

The company's "right to list" agreements gained national attention in December, and civil and legislative actions are ongoing.

Realty 213

Realty 213

Housing Wire

JULY 17, 2023

With real estate inventory at a near-record low, buyers seeking a place to call home are facing stiff competition as bidding wars continue to be commonplace. In such an environment, buyers may feel pressure to bypass steps in the transaction to make their bid more attractive to the seller, but they should be wary that taking shortcuts can expose them to fraud.

Sellers 370

Sellers Real Estate Agent Real Estate Insurance 370

Eyes on Housing

JULY 20, 2023

Existing home sales in June fell to the lowest level since January as limited inventory and fluctuating mortgage rates continued to weight on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand pushed existing home prices to the highest level in a year and contributed to the recent increases in new home sales.

Inventory 78

Inventory Realtors Mortgage 78

Inman

JULY 18, 2023

Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin.

Inventory 148

Inventory Mortgage Marketing 148