Housing Wire
AUGUST 18, 2023
The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Magazine ’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023.
Sacramento Appraisal Blog
AUGUST 16, 2023
Weird. That’s a good way to describe today’s housing market. On one hand prices are still pretty high, but volume has fallen off a cliff. This week I was talking with a broker who has been in business since the 1970s, and he told me he’s never seen a market like today. Exactly. This is […] The post A Weird Housing Market: High Prices & Depressed Volume first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Cleveland Appraisal Blog
AUGUST 13, 2023
Hello! I hope you’re having a great summer! Plumbing may be the last thing on your mind right now. If you’re like me, you put off plumbing work until the winter months when there is less to do outside. At least in Cleveland anyway. However, plumbing is a big part of our lives, on many levels. When it comes to plumbing, there are things we can do to save money and avoid future problems.
Real Estate News
AUGUST 12, 2023
As the wildfire death toll rises, Keller Williams, eXp and others connect with agents, raise money and even turn an office into an emergency “command center.
Housing Wire
AUGUST 18, 2023
A great Listing pre-qualification script pulls out critical facts so you can be best prepared to not just take the listing, but to price it right in the first place! Not prequalifying is unprofessional and can waste your time and the sellers. Always prequalify, 100% of the time! Price it to sell, not to sit. The best price reduction conversation is the one you never have to have.
George Dell
AUGUST 16, 2023
Analyst Appraisers are replacing “Opinion” Appraisers! (Trust me … ) Why? How? Huh? In the late 1900’s, appraisers were handicapped! Typewriter. Telephone. Assessor data. Quarterly MLS comp books, No compiled commercial data at all! Collecting comp data was 80% of the battle. Get four or five and you were “almost done.” Make some adjustments from […] The post The Analyst Appraiser?
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Real Estate News
AUGUST 18, 2023
Serial entrepreneur Spencer Rascoff predicts real estate agents will be “one of the biggest verticals” that will use HeyLibby to turn contacts into customers.
Housing Wire
AUGUST 18, 2023
The U.S. Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires. The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov.
Inman
AUGUST 16, 2023
Housing starts increased 3.9 percent between June and July to a seasonally adjusted annual rate of 1.45 million units, according to data released Tuesday by the U.S. Census Bureau.
Eyes on Housing
AUGUST 17, 2023
Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the first quarter while the Multifamily Occupancy Index.
Real Estate News
AUGUST 15, 2023
Keller kicked off KW’s Mega Camp with a message for agents: “If you do the work, you will have a great real estate year, regardless of the market.
Housing Wire
AUGUST 17, 2023
The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. According to the CFPB, Freedom provided real estate agents and brokers with incentives, including cash payments, paid subscription services, and catered parties in exchange for agent and broker referrals for mortgage loan offer
Inman
AUGUST 18, 2023
Compass has purchased the 40-year-old brokerage and its team of nearly 40 agents, marking the publicly traded brokerage's first office in Santa Cruz County, the company announced Wednesday.
Eyes on Housing
AUGUST 14, 2023
Over the first six months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 449,226. On a year-over-year (YoY) basis, this is 20.9% below the June 2022 level of 567,798. Year-to-date ending in June, single-family permits declined in all four regions. The Northeast posted the lowest decline of 11.0%, while the West region reported the steepest.
Real Estate News
AUGUST 16, 2023
A judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.
Housing Wire
AUGUST 17, 2023
The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. In my 2023 forecast , the range on the 10-year yield was between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which would require jobless claims to go over 323,000 on a four-week moving average.
Inman
AUGUST 18, 2023
Regulators claim lenders' marketing agreements with more than 40 real estate brokerages, including Realty Connect USA, were a conduit for kickbacks that generated more than 1,000 mortgage referrals.
GoForrmz
AUGUST 14, 2023
Originally published on 10/29/2015 Simplify the collection and completion of critical authorizations with Digital Signature and eSignature fields Whether it’s a handwritten or electronic signature , signatures are being captured every day across various industries. In this blog, we’ll delve into the three different types of signature options GoFormz offers along with best practices and common use cases to consider when selecting which signature form field to use for your electronic signature for
Real Estate News
AUGUST 18, 2023
The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.
Housing Wire
AUGUST 17, 2023
Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. Magazine ‘s 5,000 fastest-growing private companies in the U.S. for 2023. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The companies are U.S.-based, privately held and independent as of Dec. 31, 2022.
Inman
AUGUST 18, 2023
U.S. District Judge Allen Winsor denied a request by plaintiffs to stop the state from enforcing the law because it is based on citizenship, not race, so does not violate the Constitution and fair housing.
Appraiserblogs
AUGUST 16, 2023
The real estate appraisal industry has long been subject to pressure from various sources, such as lenders, borrowers, and agents. In the past, this pressure often came in the form of withholding business if appraisers refused to inflate values, or ignore property deficiencies. Nowadays, it appears that government efforts, aimed at curbing discrimination, are actually leading to increased pressure on appraisers to inflate values.
Real Estate News
AUGUST 16, 2023
CRMLS and other organizations are offering temporary access and support to agents affected by the Rapattoni shutdown, now in its second week.
Housing Wire
AUGUST 17, 2023
Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. A federal court judge on Wednesday dismissed all antitrust allegations made by REX Real Estate against NAR and Zillow. The remaining claims in the case are all against Zillow, meaning that NAR is no longer a defendant in the case and will not have to participate if it heads to trial next month as scheduled.
Inman
AUGUST 17, 2023
CEOs, reality TV personalities, your favorite TikTokers and agents in the trenches all converged in Vegas to share their pro tips, hot takes and even more heated debates. In case you missed it, here are the top takeaways for your team.
Appraiserblogs
AUGUST 15, 2023
Folks, the following letter was sent to FHFA by an appraiser I know. It was sent in response to the ‘first’ data dump FHFA made which uses CENSUS TRACT data to try to convince others that appraisers are biased by using ‘people demographics’ contained in Census Bureau info. You can find that ‘dump’ here. The writer of that first FHFA dump was identified by name, and included an email address.
Real Estate News
AUGUST 15, 2023
New rules intended to prevent laundering money through luxury real estate could increase costs and extend transaction times for agents and brokers.
Housing Wire
AUGUST 17, 2023
With the housing industry down across the board, upstart title insurance firms couldn’t maintain strong growth rates in 2023. Just three title insurance firms made the annual Inc. 5000 list, a growth-based ranking of U.S.-based privately held and independent companies. Nine title insurers made the list in 2022. Each business had a minimum revenue of $190,000 in 2019 and $2 million in 2022, according to the business magazine.
Inman
AUGUST 16, 2023
Last week at Connect, Brad Inman dropped the biggest bombshell of the conference when he told a rapt audience about a text message he'd received involving The New York Times, Bernice Ross writes.
Kairos Appraisal Services
AUGUST 16, 2023
Buying a home today looks very different than it did in previous decades. From virtual house tours to applying for a mortgage online, the real estate industry has embraced new technology, weaving it into many of its processes. The home appraisal industry is beginning to use more technology, too. If you are buying or selling… The post How Technology Improves the Home Appraisal Process appeared first on Kairos.
Real Estate News
AUGUST 14, 2023
A new report from Redfin found that homes in high-opportunity neighborhoods sold for nearly 40% more than homes in low-opportunity neighborhoods.
Housing Wire
AUGUST 17, 2023
Independent mortgage banks (IMB) reported an average net loss of $534 on each loan originated from April to June, down from $1,972 per loan in the first quarter of 2023, according to the Mortgage Bankers Association (MBA). The average pre-tax production loss was 18 basis points in Q2. Including both the production and servicing business lines, 58% of retail mortgage companies were profitable in Q2, up from 32% in the first quarter of 2023.
Inman
AUGUST 16, 2023
The case is currently set for trial on Sept. 18, but the National Association of Realtors is no longer a defendant, according to a court order. Some claims against Zillow remain.
Eyes on Housing
AUGUST 18, 2023
Nonfarm payroll employment increased in 36 states in July compared to the previous month, while 14 states and the District of Columbia lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in July, following a gain of 185,000 jobs in June. On a month-over-month basis, employment data was strong in Florida, which.
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