Housing Wire

NOVEMBER 13, 2023

Mr. Cooper Group became the target of at least four consumer class-action lawsuits after disclosing a cyberattack at the end of October when customer information was compromised and the company shut down certain systems. On Oct. 31, the Dallas-based servicer and lender said it had experienced a cybersecurity incident with an unauthorized third party accessing certain portions of its technology systems and customer data.

Legal 544

Legal Law Contracts Technology 544

Sacramento Appraisal Blog

NOVEMBER 15, 2023

The housing market feels like leftovers right now. It’s that time of year where we see less new listings due to sellers hibernating for the holidays, and some of the existing inventory just feels as stale as Aunt Tina’s green bean casserole that nobody wants to see during Thanksgiving. Wait, did I say that out […] The post The housing market feels like leftovers first appeared on Sacramento Appraisal Blog.

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Housing Market Marketing New Listings Inventory 321

Real Estate News

NOVEMBER 14, 2023

Texas Realtor associations and 20+ brokerages and teams are being sued by a home builder and magazine publisher who call NAR the “creator of the conspiracy.

Brokerage 324

Brokerage Realtors 324

Miller Samuel

NOVEMBER 17, 2023

I got to join the gang at Bloomberg Surveillance on Tuesday morning. Always fun and smart. The focus seems to be figuring out what the exit of this era of tight housing inventory looks like and when rents will come down since inflation is tangibly falling. My journey to the city for the Bloomberg interview: catching the 5:49 am train – waiting in the green room – and working my way up the guest list to go on.

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Housing Wire

NOVEMBER 14, 2023

Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to open houses and planning their home-buying budget. Gen Z — born between 1997 and 2012 — is making waves in the market with their approach to homebuying. Here are 14 real estate trends Gen Z buyers won’t pass up. 1.

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Real Estate Buyers Renovations Open Houses 504

George Dell

NOVEMBER 15, 2023

EBV© (Evidence Based Valuation) is the future of professional appraisal. EBV is the best response (and advantage) to the dramatic changes in residential appraisal practice. Change in the nature of commercial/industrial valuation will follow, as it usually does. Editor’s Note: This is Standards, part 3.18 of George Dell’s series on How Do I Move to […] The post EBV© Now or Later?

Valuation 195

Valuation Appraisal 195

Miller Samuel

NOVEMBER 17, 2023

I joined my friend Barry Ritholtz on his new podcast, At The Money (or cleverly, ATM). Masters in Business is still going strong, but he had a new idea – create a really good personal finance-focused show. We recorded this on Tuesday – it’s currently located in the Master in Business podcast feed but will be available in its own feed everywhere on January 1.

Finance 195

Finance Business Real Estate Appraisal 195

Housing Wire

NOVEMBER 11, 2023

Total housing inventory growth has been slow in 2023, but with rising mortgage rates over the last few months, inventory has grown a bit faster than average. The question now is: Have we hit the seasonal peak in inventory for 2023? The housing inventory growth rate has decelerated for three weeks, and we were barely positive last week, with an increase of only 59 homes.

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Inventory New Listings Mortgage Retail 491

Inman

NOVEMBER 16, 2023

If a recession comes, writes Jimmy Burgess, keep in mind that it is not just a time of challenges but also of opportunities. Here he lays out ways to lead gen and lead nurture now.

Business 197

Business Marketing Agents 197

Real Estate News

NOVEMBER 13, 2023

NAR’s annual Profile of Home Buyers and Sellers report revealed higher down payments, as more people reported living with friends or family before purchasing.

Sellers 263

Sellers Buyers 263

Eyes on Housing

NOVEMBER 15, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) declined 0.1% in October (not seasonally adjusted) following a 0.2% increase in September. The index has increased 1.0%, year-to-date, marking the smallest YTD gain through October since it fell 0.1% over the first 10 months of 2019.

Construction 187

Construction 187

Housing Wire

NOVEMBER 16, 2023

Freddie Mac will launch a new fee-based repurchase alternative pilot program for performing loans in 2024, designed to improve the quality of performing loans through a potential replacement of its current repurchase policy for defective performing loans. “The pilot will use a fee-based structure that is more efficient, transparent and rewards lenders that deliver high-quality loans,” the GSE said.

Design 466

Design Finance Mortgage 466

Inman

NOVEMBER 13, 2023

Delroy Gill doesn’t just sell homes — he builds relationships. Born and raised in London, England, he understands complex transactions and international relocation and brings world-class service and out-of-the-box thinking to every detail of real estate transactions.

Real Estate 197

Real Estate 197

Real Estate News

NOVEMBER 11, 2023

Damian Eales talked to Real Estate News about why the industry “should be careful what some people are wishing for” and his perspective on NAR.

Buyers 272

Buyers Real Estate 272

Eyes on Housing

NOVEMBER 17, 2023

Single-family construction held steady in October as high mortgage rates depressed demand but more buyers turned to new homes because of a lack of existing inventory. Overall housing starts increased 1.9% in October to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S.

Construction 179

Construction Inventory Development Buyers 179

Housing Wire

NOVEMBER 16, 2023

Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest rates steady in December, according to the CME Group’s FedWatch tool. The 30-year, fixed mortgage averaged at 7.44% as of Nov. 16, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgage 458

Mortgage New Listings Tools Inventory 458

Inman

NOVEMBER 13, 2023

Former arbitrage trader, current team leader and new Inman contributor Jen Berbas speaks to the vital due diligence role real estate professionals play for consumers, even after Sitzer et al.

Agents 192

Agents Real Estate Brokerage Marketing 192

Real Estate News

NOVEMBER 15, 2023

Although the jury reached a verdict in the Sitzer/Burnett lawsuit on Oct. 31, post-trial motions will keep any judgment on hold until spring.

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Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers. Each of the surveys produces a net easing index that is positive when credit is easing and negative when credit is tightening.

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Loan Officers Construction Finance Development 179

Housing Wire

NOVEMBER 16, 2023

As copycat commission lawsuits spread across the country in the wake of the Sitzer/Burnett jury verdict, a new demographic of plaintiffs’ attorneys are getting in on the action: so-called “ambulance chasers.” While the plaintiffs in the Moehrl , Sitzer/Burnett and Nosalek lawsuits are all represented by large law firms with class-action experience, the plaintiff in the relatively small Burton suit in South Carolina is represented by attorneys at Knie & Shealy Law Offices in Spar

Law 458

Law Brokerage Advertising Real Estate 458

Inman

NOVEMBER 16, 2023

At a forum for reps of 50 large brokerage firms, The Realty Alliance CEO Craig Cheatham asked why the nearly 1.6 million-member trade group can't use its political influence for an "existential threat.

Realty 190

Realty Brokerage Realtors Real Estate 190

Real Estate News

NOVEMBER 16, 2023

As rates decline for a third straight week, mortgage applications have risen, suggesting the possibility of a jump in year-end home sales.

Mortgage 261

Mortgage 261

Eyes on Housing

NOVEMBER 16, 2023

Confidence in the market for new multifamily housing was in negative territory for the third 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 38 – well below the break-even point of 50 –.

Development 162

Development Finance Marketing 162

Housing Wire

NOVEMBER 15, 2023

Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National Association of Realtors (NAR). Yun took the stage on Tuesday at NAR NXT , the trade group’s annual conference in Anaheim, California. He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real es

Real Estate 458

Real Estate Inventory Sellers Realtors 458

Inman

NOVEMBER 16, 2023

Local Logic’s tool set for turning granular community data into marketing advantages for real estate agents is now part of a prominent MLS software provider’s value proposition, according to a November 14 press release.

Real Estate Agent 190

Real Estate Agent Real Estate Tools Agents 190

Real Estate News

NOVEMBER 11, 2023

eXp begins search for new CFO; Century 21 strengthens Georgia presence; @properties Christie's International promotes key execs; The Agency opens Toronto office

Brokerage 236

Brokerage 236

Appraiserblogs

NOVEMBER 14, 2023

As an appraiser who has been appraising in rural south for 20 years I have seen a few things. This wave of discrimination has gotten out of control. Sure, there has been some discrimination going on which is not the norm, but to accuse someone of discrimination because the value came in lower than an expected value is pure asinine. It is not our job to validate lenders and borrowers expected values.

Appraisal 119

Appraisal 119

Housing Wire

NOVEMBER 14, 2023

Fannie Mae announced on Tuesday that its Multifamily Positive Rent Payment (PRP) pilot program, originally scheduled to expire this year, has been extended through December 2024 in light of new survey data and an impact analysis. As part of the extension and to encourage adoption, Fannie Mae will cover the cost for property owners who enroll in PRP through the extension period.

Finance 450

Finance Housing Market Mortgage Marketing 450

Inman

NOVEMBER 14, 2023

On Nov. 5, Phil Lang joined 50,000+ others in running the New York City Marathon and finished in 2:43, a two-minute personal best from seven years prior. Here he shares five things that he learned in getting to the top 0.5 percent of finishers.

Development 190

Development Brokerage Agents 190

Real Estate News

NOVEMBER 16, 2023

New buyer agency agreements are coming in light of the Sitzer/Burnett verdict, but the focus should be on relationships, eXp’s CEO said in a YouTube broadcast.

Agents 234

Agents Buyers 234

Eyes on Housing

NOVEMBER 15, 2023

Over the first nine months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 693,908. On a year-over-year (YoY) basis, this is 13.3% below the September 2022 level of 800,424. Year-to-date ending in September, single-family permits declined in all four regions. The range of permit decline spanned 10.8% in the Northeast to 19.3% in the West.

Construction 113

Construction Marketing 113

Housing Wire

NOVEMBER 16, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Jason Bressler , CTO at United Wholesale Mortgage (UWM) to talk about how the lender is developing a smart, innovative IT team by giving them a safety net to fail. This interview has been edited for length and clarity. Sarah Wheeler: UWM develops all their software in-house. What are some of the advantages of that?

Technology 441

Technology Training Development Mortgage 441

Inman

NOVEMBER 15, 2023

Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring.

Investors 187

Investors Mortgage Marketing 187

Real Estate News

NOVEMBER 17, 2023

In response to Homes.com’s huge traffic growth, Damian Eales said “poor-quality audience and stunts lead to low-quality leads.

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