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

Real Estate 544

Real Estate Mortgage Construction Modernization 544

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 368

Appraisal Marketing Real Estate Mortgage 368

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.

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Agents Buyers Real Estate Realtors 217

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 Appraisal Real Estate 190

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

Mortgage 510

Mortgage Loan Officers Brokerage Retail 510

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)?

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Modernization Appraisal Technology Marketing 150

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.

Mortgage 182

Mortgage Realtors Inventory 182

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 493

Housing Market Mortgage Marketing Buyers 493

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

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 190

Real Estate Technology 190

Eyes on Housing

OCTOBER 17, 2023

Stubbornly high mortgage rates that have climbed to a 23-year high and have remained above 7% for the past two months continue to take a heavy toll on builder confidence, as sentiment levels have dropped to the lowest point since January 2023. Builder confidence in the market for newly built single-family homes in October fell four points to 40 from.

Mortgage 177

Mortgage Marketing 177

Housing Wire

OCTOBER 19, 2023

The savagely unhealthy housing market continues to unfold as we approach Halloween. Sales are still falling, home prices keep rising, and inventory is still negative year over year. The core problem? Too many people chasing too few goods — and days on the market are still under 30 days. On top of all that, mortgage rates are now at 8%. It’s like we invited Freddy Krueger, Jason and Michael Meyers to come for a haunted housing market party.

Housing Market 483

Housing Market Marketing Mortgage Inventory 483

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.

Appraisal 140

Appraisal Mortgage Valuation Lending 140

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.

Brokerage 188

Brokerage Agents 188

Eyes on Housing

OCTOBER 18, 2023

Despite elevated mortgage rates averaging above 7%, single-family starts posted a solid gain in September as more buyers are turning to new homes because of a dearth of inventory in the resale market. Overall housing starts increased 7% in September to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing.

Mortgage 171

Mortgage Inventory Buyers Marketing 171

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 488

Mortgage Marketing Inventory Technology 488

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 129

Appraisal Real Estate Marketing Market Value 129

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.

Agents 185

Agents Buyers Realtors 185

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 169

Construction Marketing 169

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 471

Mortgage Lending Clients Home Improvement 471

Empire Appraisal Group

OCTOBER 19, 2023

Why you should get an appraisal before you list a home for sale. Getting your home appraised before listing it for sale is a wise decision that can benefit both sellers and buyers in the real estate market. Here are some of the top reasons to consider getting a pre-listing appraisal: Accurate Pricing : An appraisal provides an objective and professional estimate of your home’s current market value.

Appraisal 78

Appraisal Real Estate Buyers Sellers 78

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 182

Training Agents Realtors Brokerage 182

Eyes on Housing

OCTOBER 20, 2023

Arizona’s population growth increased for the second consecutive year after falling during 2020. The population growth rate was 1.30% between 2021 and 2022 with the population increasing by 94,320 persons, the 8th fastest growth rate and 5th largest nominal increase in the U.S. between the years respectively. Arizona contains seven census designated MSAs.

Marketing 93

Marketing Design 93

Housing Wire

OCTOBER 19, 2023

Soaring interest rates and a higher-for-longer policy will take its toll on the economy, according to Fannie Mae ’s Economic and Strategic Research (ESR) group. “The cause of the recent run-up in long-term rates is multifactorial and likely includes some expectation of more resilient economic growth coupled with a higher-for-longer monetary policy stance from the Federal Reserve ,” the ESR group said in its latest economic commentary.

Mortgage 470

Mortgage Inventory Finance Marketing 470

GoForrmz

OCTOBER 19, 2023

Have you brought big data practices into your health education processes? National Health Education Week is a great time to reflect on the importance of promoting well-being and disseminating valuable information to the public. In a world increasingly dependent upon technology, we have an incredible resource at our disposal: big data. Harnessing the power of big data can revolutionize health education efforts, leading to more personalized, effective, and impactful campaigns with further reach th

Tools 78

Tools Technology Training Business 78

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.

Real Estate 182

Real Estate Investing Real Estate Agent Realtors 182

Eyes on Housing

OCTOBER 20, 2023

Nonfarm payroll employment increased in 40 states and the District of Columbia in September compared to the previous month, while nine states lost jobs. Wyoming reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 336,000 in September, following a gain of 227,000 jobs in August. On a month-over-month basis, employment data was.

Construction 83

Construction Marketing 83

Housing Wire

OCTOBER 16, 2023

Freddie Mac is rolling out a free tool for lenders, DPA One, that matches borrowers with down payment assistance programs across the country. DPA One streamlines the available state programs into a single source that lenders can use to find and compare programs for their borrowers. “Time and again, research reveals that the down payment is the single largest hurdle first-time homebuyers need to overcome to attain homeownership,” said Sonu Mittal, senior vice president of acquisitions at Freddie

Tools 477

Tools Mortgage Finance Lending 477

GoForrmz

OCTOBER 18, 2023

Get started with GoFormz by building a customized digital form Template Whether you’re just starting to explore GoFormz in your free trial period or are looking to brush up on your digital form-building skills, this video recap is the perfect place to start. Join Alicia Bryan, Director of Customer Success, and Implementation Lead, Emily Switzer, as they walk you through every step of the process to build out a Template for your own digital forms.

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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 182

Clients Marketing Business Agents 182

BiggerPockets

OCTOBER 18, 2023

As a real estate investor, eminent domain is something you should know about. If you own property in an area that the government needs for a road expansion, fire station, railway, or something else that benefits the public, it may be legally taken from you, whether you want to sell or not.

Real Estate 85

Real Estate Investors Legal Government 85

Housing Wire

OCTOBER 19, 2023

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% for the first time since 2007, according to one index. Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. HousingWire’s Mortgage Rates Center showed Optimal Blue ’s average 30-year fixed rate for conventional loans at 7.78% on Wednesday, compared to 7.52% the previous week.

Mortgage 464

Mortgage Housing Market Inventory Construction 464

GoForrmz

OCTOBER 17, 2023

Discover how GoFormz can be a vital asset in supporting your health education teams As we commemorate National Health Education Week (NHEW) , we aim to foster a deeper comprehension of the pivotal role that health education plays and how digital tools like GoFormz can play a vital role in the promotion of health education and health awareness. In this blog, we will delve deeper into how digital forms can support health education teams along with examples of how other healthcare teams are leverag

Clients 78

Clients Tools 78

Inman

OCTOBER 17, 2023

In settling with state regulators, the Miami-based electronic payment processor is looking to close the books on a 2021 test that triggered $2.3 billion in erroneous mortgage payments.

Mortgage 179

Mortgage 179