Housing Wire

OCTOBER 18, 2023

One in five Americans now shares their homes with adult children, parents or grandparents. In the face of soaring housing costs nationwide, multigenerational living has gained traction as a path to make living expenses more manageable and to maintain closer family bonds. While many multigenerational families are living together under one roof, potentially leading to feelings of overcrowding, accessory dwelling units (ADUs) have emerged as a practical solution for affordable housing that allows f

Construction 545

Construction Modernization Real Estate Mortgage 545

Sacramento Appraisal Blog

OCTOBER 18, 2023

It feels like a gut-punch to housing demand to have 8% rates. So many predictions said we’d be at 6% or below by now, yet here we are. I think it’s really important to stay grounded and realistic, so let’s talk about this. I also have some market recap visuals (and a few insane graphs). […] The post A Gut Punch to Housing Demand (8% Rates) first appeared on Sacramento Appraisal Blog.

Appraisal 332

Appraisal Marketing Real Estate Mortgage 332

Real Estate News

OCTOBER 17, 2023

On day two of the Sitzer/Burnett trial, the plaintiffs presented opening arguments, while the defense said conspiracy claims are "conjecture.

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The Appraiser Coach

OCTOBER 17, 2023

Different types of appraisals call for different needs. As an appraiser, you are the most qualified to make choices regarding an appraisal. There are a lot of things you have to juggle, and clients and lenders have their own ideas of how it should be. What about in regards to comp photos? With the advent of the hybrid appraisal, it seems that the need for comp photos has become obsolete.

Appraisal 195

Appraisal Appraisal Process Technology Clients 195

Housing Wire

OCTOBER 18, 2023

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly been a down market. How has the broker channel fared in the wake of the Fed rate hikes ? I asked the good folks at mortgage data technology firm InGenius to run the numbers. Take a look. “From the first six months of 2022 to first six months of 2023, brokers have increased their percentage from 23% to 28% while retail has decreased by that same percen

Retail 515

Retail Loan Officers Brokerage Mortgage 515

Inman

OCTOBER 16, 2023

The long-awaited Sitzer | Burnett commission trial is underway in Kansas City, Missouri, and Inman is covering it all live as it unfolds. Check back early and often for news, views, schedules and more.

Buyers 217

Buyers Agents Realtors Real Estate 217

Eyes on Housing

OCTOBER 19, 2023

Existing home sales in September fell to lowest level since October 2010 as limited inventory and higher mortgage rates continued to weigh 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 third consecutive month of year-over-year median sales price increase.

Inventory 193

Inventory Mortgage Realtors 193

Housing Wire

OCTOBER 20, 2023

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.

Housing Market 500

Housing Market Marketing Buyers Modernization 500

Inman

OCTOBER 19, 2023

The plaintiffs in a class action antitrust suit challenging the real estate industry’s commission structure took to the stand Wednesday and Thursday to make the case that the practice of homesellers paying buyer agents is “unfair.

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Real Estate Agents Buyers Brokerage 201

Real Estate News

OCTOBER 16, 2023

Lawyers jostled for position and weeded out ineligible jurors, including many who are members of the plaintiff class (Missouri home sellers).

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Sellers 322

Realtor

OCTOBER 16, 2023

Getty Images While buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve. Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today. This tacks many hundreds extra onto the monthly expense of housing, stretching some homebuyers’ budgets to the breaking point.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

OCTOBER 16, 2023

The trough for the mortgage origination market is nearing an end point and 2024 is shaping up to be a better year for the industry, economists of the the Mortgage Bankers Association (MBA) said at the 2023 Annual Convention & Expo in Philadelphia, Pennsylvania. The MBA doesn’t expect the Federal Reserve to hike interest rates further this year as real rates – which are inflation-adjusted– are 2%.

Mortgage 496

Mortgage Marketing Inventory Technology 496

Inman

OCTOBER 16, 2023

With the sweeping changes in society, technology and economics over the past century, the differences in how each generation thinks, speaks, and makes decisions about luxury real estate opportunities have never been more pronounced.

Real Estate 201

Real Estate Technology 201

Real Estate News

OCTOBER 19, 2023

On Day 4 of the Sitzer/Burnett trial, an expert witness for the plaintiffs said the current commissions system is a "clear case" of collusion and price fixing.

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George Dell

OCTOBER 18, 2023

Appraisal modernization has been touted in different ways. It depends on the touter. “Modernization” is a good word for marketing. But what is “modernization” selling? Is it selling modern technology? The partitioning of appraisal workflow (initiator, AMC manager-selector, data collector-researcher, inspector, analyst, reporter, reviewer, decisioner)?

Modernization 150

Modernization Technology Appraisal Marketing 150

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. You’re probably thinking, “Uh, why on earth would she do that?” The client wanted to pay off $30,000 in consumer debt, handle home improvement projects and help her daughter start college, said Anderson, a longtime mortgage advisor in Southern California.

Mortgage 479

Mortgage Clients Lending Home Improvement 479

Inman

OCTOBER 17, 2023

As the long-awaited commission trial begins, the Kansas City courtroom saw opening arguments followed by testimony from industry heavy-hitters including Gary Keller, NAR CEO Bob Goldberg and HomeServices of America President and CEO Gino Blefari.

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Brokerage Agents 199

Real Estate News

OCTOBER 20, 2023

On Day 5 of the Sitzer/Burnett trial, plaintiffs focused on steering, high fees in the U.S., and how buyer agent pay is handled differently in other countries.

Agents 287

Agents Buyers 287

Eyes on Housing

OCTOBER 16, 2023

Over the first eight months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 615,453. On a year-over-year (YoY) basis, this is 15.6% below the August 2022 level of 728,866. Year-to-date ending in August, single-family permits declined in all four regions. The range of permit decline spanned 10.7% in the Northeast to 21.7% in the West.

Construction 183

Construction Marketing 183

Housing Wire

OCTOBER 16, 2023

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Bias, discrimination, privacy and security concerns related to consumer information are some of the biggest risks in implementing generative AI, noted Brian Stucky, lead at Rocket Ethical AI at Rocket Mortgage. “We still do not have AI-specific regulati

Technology 466

Technology Lending Government Legal 466

Inman

OCTOBER 18, 2023

The study by a trio of researchers analyzed hundreds of thousands of listings and found that those offering lower commissions to buyers' agents received less attention and took longer to sell.

Buyers 197

Buyers Agents Realtors 197

Real Estate News

OCTOBER 17, 2023

Starting this week, the FHA has tweaked its borrowing rules to promote accessory dwelling units as a way to boost housing inventory and affordability.

Inventory 275

Inventory Mortgage 275

GoForrmz

OCTOBER 20, 2023

Originally published on 12/08/2016 What are fields and why do I need them in my digital forms? Fields are the backbone and structure of your digital forms. Each field is designed to collect data from people who fill out your forms. Whether you’re creating a simple electronic signature form or a complex work order, every digital form needs fields to capture information.

Design 148

Design 148

Housing Wire

OCTOBER 18, 2023

As the 30-year fixed mortgage rate increased for the sixth consecutive week to 7.70%, mortgage applications slumped, hitting their lowest level since 1995. Last Monday , in an attempt to calm the markets, a coalition of housing trade groups — including the Mortgage Bankers Association (MBA), National Association of Realtors (NAR) and National Association of Home Builders (NAHB) demanded that the Federal Reserve to provide clarity on the Fed’s rate path and its plans for the mortgage-backed secur

Mortgage 458

Mortgage Realtors Inventory Marketing 458

Inman

OCTOBER 18, 2023

On Day 2 of witness testimony Wednesday, attorney Michael Ketchmark narrowed in on training materials and presentation slides he alleged violated antitrust policies held by the defendants.

Training 195

Training Agents Realtors Brokerage 195

Real Estate News

OCTOBER 19, 2023

The summer sales slump continued through September, marking the seventh month of negative sales movement this year.

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Appraiserblogs

OCTOBER 16, 2023

“Many of the repurchase letters make no sense,” said the insider. If analysts don’t write enough defects on those files, they get hammered. If analysts fall short of their peers in “production points,” it’s considered their fault, said the insider. At the heart of Fannie Mae’s valuation system is a tool that shunts a subset of the millions of loans purchased by the mortgage giant each year into a “high risk” pool.

Valuation 149

Valuation Appraisal Tools Lending 149

Housing Wire

OCTOBER 16, 2023

The long-anticipated Sitzer/Burnett class action commission lawsuit enters its first day in court on Monday, leaving real estate professionals to ponder the fate of today’s cooperation and commission practices. At the crux of the case is the allegation that commission rates are too high, it’s unfair that the seller pays the buyer’s agent’s commission, and that the National Association of Realtors’ (NAR) Code of Conduct and MLS Handbook lead to set pricing.

Buyers 458

Buyers Brokerage Agents Realtors 458

Inman

OCTOBER 16, 2023

A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30 percent as a result of ongoing threats to the real estate industry.

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Real Estate Investing Real Estate Agent Buyers 195

Real Estate News

OCTOBER 20, 2023

The board wrote that this change, which takes effect in January, “represents the future of how residential real estate is transacted.

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Real Estate Buyers Agents 284

Appraiserblogs

OCTOBER 18, 2023

An appraiser shared the following with us which was posted on one of the appraisers’ groups. Fannie Mae filed a complaint against me with my state appraisal board. Here’s what happened. The Report In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic.

Appraisal 139

Appraisal Real Estate Marketing Market Value 139

Housing Wire

OCTOBER 17, 2023

A friend of mine is a successful real estate professional in a competitive market. We often discuss changing housing market conditions, and the pressure real estate agents are under to stay relevant in the wake of increased competition. He built his business on an existing strong sphere. But as his business has grown, he increasingly has had to adjust and modify legacy strategies to better meet the needs of today’s market and maintain his strong foothold in the market.

Real Estate 441

Real Estate Brokerage Agents Technology 441

Inman

OCTOBER 15, 2023

Social media and YouTube are marketing machines that can transform your current and future business in ways you can’t imagine, Jimmy Burgess writes. Now is the time to get focused and build your presence in a way that attracts more of your ideal clients.

Clients 195

Clients Business Marketing Technology 195

Real Estate News

OCTOBER 14, 2023

Compass regains a team, adds another; ERA gains two Florida affiliates; Real expands in NorCal; The Agency launches in Salt Lake City; RE/MAX adds 15 offices.

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Brokerage 262