Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. The Mesa, Arizona-based company listed estimated assets and liabilities as much as $100 million each, according to a filing in the U.S. Bankruptcy Court for Delaware. RCP Credit Opportunities Fund is listed as the largest unsecured creditor in the AmeriFirst Chapter 11 case — with a claim of $17.9 million, court pleading

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Sacramento Appraisal Blog

AUGUST 23, 2023

Rates have gone up, but have they sucked all the demand out of the market? Nope. Let’s talk about that today by looking at a few stats. Also, someone asked if the stock market is connected to the housing market, so l made a cool graph. I have a few thoughts on insurance in California […] The post Higher rates, insurance, & the stock market vs real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Real Estate Insurance Appraisal Marketing 254

George Dell

AUGUST 23, 2023

Scope of Work is required in legacy appraisal practice. Data Science (and Evidence Based Valuation) are more based on principles of good science. Editor’s Note: This is Standards, part 3.11 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. To sum up, the goal of traditional […] The post Scope or Hypothesis?

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The Appraiser Coach

AUGUST 22, 2023

My inbox is my to-do list. If I talk to someone and they need something done, I tell them, “Send me an email.” If.

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Real Estate Agent Real Estate Appraisal Inspection 195

Housing Wire

AUGUST 25, 2023

In a hawkish tone, Jerome Powell said that Federal Reserve (Fed) officials are prepared to raise the federal funds rate further and hold it at high levels until they are confident that inflation is moving sustainably down to the 2% target. And that’s unclear at this point. There are some sources of pressure on U.S. prices — among them is the housing market, Powell said Friday morning during an economic policy symposium in Jackson Hole, Wyoming. “So far this year, GDP [gross domestic

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Mortgage Housing Market Transportation Marketing 370

Inman

AUGUST 24, 2023

The Houston-based Christie's International Real Estate affiliate has also opened a new office in Lake Livingston and made two new hires to support the launch of the new division.

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Realtor

AUGUST 24, 2023

Photo-Illustration by Realtor.com; Source: Getty Images We all get a thrill when a home near ours sells for a nice juicy price, and we think maybe that’s what our property is worth, too. But the truth is, what determines property value isn’t always a one-size-fits-all number. Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms.

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Housing Wire

AUGUST 25, 2023

Zillow ‘s mortgage arm launched a down payment assistance program where the company will cover 2% of the borrower’s down payment at closing, allowing buyers to pay just 1% upfront. The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. The 2% portion of the down payment will be paid during closing and not as a payment to the borrower. “For those who can afford higher rent payments but have been held

Mortgage 370

Mortgage Buyers Agents Marketing 370

Inman

AUGUST 24, 2023

Barbara Corcoran told "Good Morning America" viewers on Wednesday that she doesn't foresee prices dropping any time soon but could see them spiking once mortgage rates come down.

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Mortgage 148

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts.

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GoForrmz

AUGUST 25, 2023

A strategic discussion around the barriers to digital data capture in global healthcare The global healthcare industry has seen more than its fair share of concerns and upsets over the last few years, and from those unprecedented moments, we’ve learned a lot about the future of healthcare data. While we may not have all the answers or the best solutions implemented, we do know a lot more about what challenges we may face in the future, and some of the ways we can work together as a global commun

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Housing Wire

AUGUST 25, 2023

Keller Williams is going with the carrot and the stick approach. The franchisor just announced a significant adjustment to its profit sharing program, aimed at rewarding agents who stay with the company and punishing vested agents who left for competitors. Keller Williams President Marc King last week wrote in an email that the company will cut the profit share distribution for vested “former” KW agents (agents who joined the company before April 1, 2020) who jumped ship to another brokerage fro

Agents 370

Agents Brokerage Real Estate Marketing 370

Inman

AUGUST 25, 2023

A new report from CoreLogic is the latest to confirm that rent growth is falling back toward historical levels as the market moves on from unprecedented growth during COVID-19.

Marketing 148

Marketing Real Estate Investing 148

Eyes on Housing

AUGUST 21, 2023

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower. According to second quarter 2023 data.

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Empire Appraisal Group

AUGUST 24, 2023

NEWS & MEDIA fizkes, iStock, Getty Images Source: [link] Inclusive Living Conditions’ Study Ranks Fla. No. 6 By Kerry Smith “Livability” is subjective, but an exhaustive study attempted to rank states based on how happy they’ll make residents. Fla. was No. 6 – but No. 1 in some categories. ORLANDO, Fla. – Around 8.6% of Americans moved last year, a slight uptick from the year before.

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Real Estate Property Taxes Realtors Transportation 78

Housing Wire

AUGUST 25, 2023

Homeownership is a hallmark of the American Dream; it’s one of the few paths to building generational wealth and achieving financial freedom. Unfortunately, for many, it can feel like a pipedream. According to a recent report from the U.S. Census , the homeownership rate has dropped to 63.1%, its lowest rate since 1970. Moreover, the outlook for individuals from minority communities is even more bleak.

Mortgage 370

Mortgage Housing Market Marketing Real Estate 370

Inman

AUGUST 25, 2023

The most explosive damage to the National Association of Realtors and the overall industry will result if the defendants lose one or both so-called bombshell lawsuits. Author and trainer Nancy Ross breaks down the possible repercussions.

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Realtors Brokerage Agents Marketing 148

Eyes on Housing

AUGUST 23, 2023

Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes in July increased 4.4% to a 714,000 seasonally adjusted annual rate from a downwardly revised reading in June, according to newly released data by the U.S. Department of Housing and Urban.

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Mortgage Inventory Construction 146

GoForrmz

AUGUST 24, 2023

Popular GoFormz integrations and features backed by customer insights We recently conducted a survey aimed at understanding the GoFormz customer journey. We learned how customers collected data before GoFormz, their main reasons for choosing GoFormz, and much more. Our respondents span across 5 countries and 14 industries, with 75% of them working at a company of 50+ employees.

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Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. For many, there is worry that the Fed may overtighten on the monetary front and lead to economic damage,” said George Ratiu, chief economist at Keeping Current Matters.

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Mortgage Property Taxes Buyers Investors 370

Inman

AUGUST 25, 2023

Pending home sales rose 0.7 percent from June to July, reversing seven months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said.

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Sellers Inventory Buyers Mortgage 148

Eyes on Housing

AUGUST 21, 2023

Between 2021 and 2022, the state of Georgia gained 124,827 residents. This was the fourth largest population gain in the U.S. and one of only four states to have a nominal population increase above 100,000. In percentage terms, Georgia’s population grew at 1.2% between this time. This was the state’s highest percentage increase in population since 2016.

Marketing 141

Marketing 141

Midtown Appraisal Group

AUGUST 21, 2023

A few simple tips to help your appraisal go more smoothly “We’re refinancing our mortgage and they’re sending out an appraiser this week. What should we do to ensure that our appraisal goes smoothly?

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Appraisal Mortgage Training 78

Housing Wire

AUGUST 24, 2023

Shares of Better Home & Finance Holding , the parent of digital lender Better.com, collapsed during its debut on Nasdaq Thursday. The company went public after merging with the special purpose acquisition company (SPAC) Aurora Acquisition Corp. the prior day. Better’s class A common stock, listed under the ticker “BETR,” declined to $1.15 at the closing on Thursday.

Mortgage 370

Mortgage Realtors Insurance Investors 370

Inman

AUGUST 25, 2023

Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR's inaugural Association Profile.

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Realtors Agents Government 148

Eyes on Housing

AUGUST 22, 2023

Existing home sales in July fell to the lowest level since January as limited inventory and higher mortgage rates continued to weight on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the first year-over-year price increase since January.

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Realtors Inventory Mortgage 139

GoForrmz

AUGUST 21, 2023

“ One wonderful thing about GoFormz is that our alteration sheet looks like it did before. It looks familiar even though it’s done in such a different way. ” — Lisa Dunn, Office Manager, Doré Designs About Doré Designs Doré Designs, an esteemed ballroom fashion company, has been operating out of Cape Coral, Florida since the late 1970s.

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Design Transportation Clients 78

Housing Wire

AUGUST 24, 2023

Homebuyer affordability remained unchanged in July from June, according to Mortgage Bankers Association ‘s (MBA) Purchase Applications Payment Index (PAPI). The index measures how new monthly mortgage payments vary across time, relative to income, drawing from data from MBA ’s weekly applications survey. The national median payment applied for by purchase applicants was $2,162 in July, up $318 from a year prior but unchanged from June.

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Inman

AUGUST 25, 2023

Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday.

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Marketing 148

Eyes on Housing

AUGUST 24, 2023

Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that demand for newly completed multifamily units remains solid as mortgage rates continue to climb. Only an estimated 39% of the 82,310 unfurnished apartment units completed in the first quarter of 2023 are available for rent three months past construction completion.

Mortgage 126

Mortgage Construction Marketing 126

Birmingham Appraisal

AUGUST 23, 2023

How Can Appraisers and Agents Work Together? In the often chaotic world of real estate, the appraiser-agent relationship can contribute to a smoother process. While each professional has a distinct role, their collaboration can greatly influence the outcome of transactions. When real estate agents and appraisers work together seamlessly, clients benefit from well-informed decisions, transactions become smoother, and professional relationships are strengthened.

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Appraisal Agents Mortgage Appraisal Real Estate Agent 81

Housing Wire

AUGUST 24, 2023

Soaring mortgage rates are taking a major chunk out of homebuyers’ budgets, according to a new report from Redfin. A homebuyer on a $3,000 monthly budget, for example, could afford a $429,000 home with a 7.4% mortgage rate, using rate data from August 23. That buyer lost $71,000 in purchasing power compared to one year ago when a $500,000 home would have been accessible to them with an average rate of about 5.5%.

Mortgage 370

Mortgage Buyers Agents Housing Market 370

Inman

AUGUST 25, 2023

It is so easy to dismiss someone because they may make a request you do not understand or even think is stupid, writes team leader Carl Medford. Listening to their request and fulfilling it, however, can actually set your life on a new and wonderful trajectory.

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Eyes on Housing

AUGUST 25, 2023

Interest rates on loans for Acquisition, Development & Construction (AD&C) continued to climb in the second quarter of 2023, according to NAHB’s quarterly Survey on AD&C Financing. Quarter-over-quarter, the contract interest rate increased on all four categories of loans tracked in the AD&C Survey: from 8.50% to 8.62% on loans for land acquisition, from 8.19% to 8.70% on loans for.

Construction 78

Construction Contracts Finance Development 78