Housing Wire

FEBRUARY 14, 2023

Given the hotter inflation reported in Tuesday’s CPI data , can mortgage rates go above the 2022 peak of 7.37%? Initially the 10-year yield fell after the report, then rose higher, only to fall back down again. For all the hype around today’s stock market close, it was a dud of a Valentine’s date if you ask me. A lot of times, on days when big economic reports are released, you can get wild intraday action but not have much happening by the end of the day.

Mortgage 485

Mortgage Housing Market Marketing Retail 485

Sacramento Appraisal Blog

FEBRUARY 14, 2023

There is so much talk about the housing market bottoming out, and I want to give some perspective on what to watch for. I hope this helps. UPCOMING (PUBLIC) SPEAKING GIGS: 3/06/23 Matt the Mortgage Guy YouTube Live 3pm PST 3/08/23 Matt Gouge Event TBD 3/10/23 PCAR Market Update Lunch & Learn 3/28/23 Downtown Regional MLS meeting […] The post Looking out for two housing market bottoms first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 249

Housing Market Marketing Real Estate Appraisal 249

Real Estate News

FEBRUARY 11, 2023

Hall, whose organization serves 41,000 members in South Florida, believes a willingness to explore new ideas is key to thriving in a changing industry.

261

261

The Appraiser Coach

FEBRUARY 14, 2023

I recently celebrated an exciting milestone. I have officially gone one full year without eating sugar! Now that’s not 100% – everything has sugar in it these days. But I.

Inspection 195

Inspection Advertising Real Estate Agent Government 195

Housing Wire

FEBRUARY 13, 2023

The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher. Here is a quick rundown from last week : Purchase application data had a 3% week-to-week increase. The start of 2023 has been good, considering mortgage rates have stayed above 6% most of the time. Weekly housing inventory continues to decline, as we saw a decrease of 13,238 units, double the amount we had this time last year.

Inventory 508

Inventory Housing Market Mortgage Marketing 508

George Dell

FEBRUARY 15, 2023

Editor’s Note: This is Part 6 of the series on Neighborhood. We’re told we should analyze a neighborhood. This is mostly a residential concept. For non-residential appraisal the focus is often a “district” – a group of similar property uses. (Rather than a group of complementary uses.) In previous Analogue Blogs, we have looked at […] The post Measure the Neighborhood?

Appraisal 195

Appraisal 195

Eyes on Housing

FEBRUARY 17, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that cash purchases made 11.2% of new home sales in the fourth quarter of 2022—the largest share since 1990. The share of cash purchases has climbed each of the past four quarters and six of the last seven. Although the median prices.

Finance 185

Finance Marketing 185

Housing Wire

FEBRUARY 16, 2023

The overall national mortgage delinquency rate rose in the fourth quarter of 2022, due in part to a weaker economy and ongoing inflationary pressures. The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).

Mortgage 421

Mortgage Marketing Real Estate 421

Inman

FEBRUARY 14, 2023

Netflix's "Buying Beverly Hills" centers around rookie agents and their high-profile team leaders and mentors at The Agency. From mispronouncing finishes to being ill-prepared for showings, these agents dish on learning the tough lessons while being filmed for reality TV.

Agents 173

Agents 173

Real Estate News

FEBRUARY 15, 2023

Anyone can benefit from coaching — even experienced pros — if you find the right fit. Veteran agent Jay Thompson offers tips on how to choose a great coach.

Agents 243

Agents 243

Eyes on Housing

FEBRUARY 14, 2023

For 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 972,180. On a year-over-year (YoY) basis, this is 12.5% below the 2021 level of 1,111,414. Year-to-date ending in December, single-family permits declined in all four regions. The South posted a decline of 10.4%, while the Western region reported the steepest decline of 15.9%.

Construction 170

Construction Marketing 170

Housing Wire

FEBRUARY 17, 2023

Mike Simonsen, president of Altos Research , will share his data-focused insights on the housing market at Gathering of Eagles 2023. Join Simonsen and other data-obsessed attendees for a “Power Lunch,” on Tuesday, June 20. There’s no need to eat lunch alone at Gathering of Eagles. During Simonsen’s presentation, not only will you break bread with fellow housing industry leaders, but attendees will also get the latest information on the housing market and learn how that data can transform their b

Sellers 393

Sellers Housing Market Real Estate Agents 393

Inman

FEBRUARY 15, 2023

The Canadian Real Estate Association, which owns and controls Canada's most popular listing site, is spinning off into a tech company. Ex-CREA Chair Cliff Stevenson shared what's in store.

Realtors 161

Realtors Real Estate Technology 161

Real Estate News

FEBRUARY 14, 2023

During Liebman’s two decades of leadership, Corcoran has grown from a boutique firm to a national franchise with plans to expand into Europe.

260

260

Eyes on Housing

FEBRUARY 14, 2023

Consumer prices in January saw the smallest year-over-year gain since October 2021 with a seventh consecutive month of a deceleration. However, this disinflation pace was much slower than expected, partially because new methodology introduces higher weights for shelter and lower weights for food and energy to reflect changes in consumer spending in 2021.

148

148

Housing Wire

FEBRUARY 17, 2023

Rent-to-own startup Divvy Homes has reportedly conducted a new round of layoffs on Wednesday, which included cuts to a number of high-level positions. This is at least the second round of layoffs for the company in the last six months. Divvy has yet to confirm the layoffs, which were first reported by Inman. However, a number of former employees have posted to LinkedIn about the layoffs, and at least six employees were affected, including a software engineer and a senior project manager. “

Project Management 384

Project Management Real Estate Agent Landlords Real Estate 384

Realtor

FEBRUARY 13, 2023

Illustration by Realtor.com / Getty Images Getting a mortgage to buy a home is a process, with many hoops and hurdles to jump through and over before reaching the finish line. And this is particularly true for certain specialized loans, like those offered by the United States Department of Agriculture. USDA loans offer fantastic terms—including 0% down payments and low-interest rates—for homebuyers in rural areas, and while many assume they’re just for farmland, properties on 97% of U.S. l

Development 156

Development Loan Officers Appraisal Finance 156

Real Estate News

FEBRUARY 11, 2023

To find the right match, you need to know yourself first. Assess your strengths, determine what kind of agent you need, and always keep your eyes open.

Agents 236

Agents 236

Eyes on Housing

FEBRUARY 16, 2023

During the fourth quarter of 2022, credit continued to become less available and generally more costly on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. To analyze credit availability, responses from the NAHB survey are used to construct a net easing index, similar to the net easing index based on the Federal Reserve’s survey.

Construction 153

Construction Finance Development Lending 153

Housing Wire

FEBRUARY 15, 2023

Expectations that high inflation may persist for longer than previously projected put pressure on mortgage rates last week. In turn, it affected borrowers’ appetite for home loans. The latest Mortgage Bankers Association (MBA) survey showed that mortgage loan application volume declined 7.7% for the week ending Feb. 10 from the previous week. Compared to the same week last year, mortgage apps are down 57%.

Mortgage 384

Mortgage Buyers Business Marketing 384

Inman

FEBRUARY 14, 2023

The seven-bedroom Beverly Hills home was also occupied by John Legend and Chrissy Teigen from 2016 to 2021. After an initial unsuccessful offering of $19.25 million, the current owner is attempting to offload it at a loss.

Marketing 161

Marketing 161

Real Estate News

FEBRUARY 16, 2023

The number of distressed properties remains well below pre-pandemic levels, thanks to a strong job market and federal moratoriums, but they're creeping up.

Marketing 225

Marketing 225

Appraiserblogs

FEBRUARY 14, 2023

Making massive staff reductions in the appraisal management department, including the Chief Appraiser and the Administrative Manager, who both are licensed appraisers. Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” I have confirmed changes at THREE different AMCs: CoreLogic is laying off all W-2 ‘staff’ appraisers, and most of the staff administering those folks.

Appraisal 136

Appraisal Lending 136

Housing Wire

FEBRUARY 14, 2023

Timothy Bowler, president of Intercontinental Exchange, Inc. Benchmark Administration (IBA) , will take on a new role as president of ICE Mortgage Technology starting on March 1. Bowler will be in charge of ICE’s business segment, which is focused on automating elements of the mortgage industry and delivered a revenue of $1.1 billion in 2022, the firm said Tuesday.

Technology 384

Technology Mortgage Lending Business 384

Inman

FEBRUARY 15, 2023

The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon.

Technology 161

Technology Agents Marketing Mortgage 161

Real Estate News

FEBRUARY 17, 2023

The software company zavvie has introduced its cash offer and buy-before-you-sell products to brokerages in 11 states, with plans to expand later this year.

Real Estate 215

Real Estate Buyers Brokerage 215

Valuation Review

FEBRUARY 15, 2023

Loss mitigation options for borrowers struggling to pay their Federal Housing Administration-insured mortgages #FederalHousingAdministrationinsuredmortgages

Mortgage 145

Mortgage Insurance 145

Housing Wire

FEBRUARY 14, 2023

Consumer prices continued to climb in January, but they rose at the lowest yearly pace recorded since October 2021, according to data released Tuesday by the Bureau of Labor Statistics (BLS). This is welcome news for the Federal Reserve , which is continuing to raise interest rates in an attempt to curb inflation via consumer spending. The Consumer Price Index rose by 6.4% in January compared to a year ago.

Housing Market 384

Housing Market Design Insurance Inventory 384

Inman

FEBRUARY 16, 2023

Keller Williams has opened its first master franchise in Germany, according to an announcement early Thursday. KW Germany will operate out of Berlin and serve Germany's top seven real estate markets, Keller Williams Worldwide President Bill Soteroff explained.

Real Estate 152

Real Estate Marketing Brokerage 152

Real Estate News

FEBRUARY 13, 2023

Ryan Gorman leads btcRE consultancy, Ines Hegedus-Garcia chairs MIAMI board, Dave Howe now CEO at MetroList, Nicole Aissa first president at Red Oak.

221

221

Appraiserblogs

FEBRUARY 16, 2023

We come not to bury David Bunton, the public figure, but to praise David Bunton, the evolved Beltway organism. Who is David Bunton? Bunton has made a small fortune and canvassed the world at the helm of a 16-employee Washington, D.C., nonprofit that publishes a copyrighted code of conduct. The code gives his tiny fiefdom a big say in how collateral in the nation’s $11 trillion mortgage market is valued.

Appraisal 127

Appraisal Government Marketing Mortgage 127

Housing Wire

FEBRUARY 13, 2023

Jay Farner will retire as CEO of Rocket Companies in June, ending his 27-year stint at the firm. He stepped down as member of the board of directors last week, Rocket disclosed in a filing with the Securities and Exchange Commission. On February 8, Farner notified the board of directors of Rocket of his intent to retire as CEO effective June 1 and as vice chairman and member of the board effective immediately, according to the company’s 8-K filing on Monday.

Real Estate 384

Real Estate Development Mortgage 384

Inman

FEBRUARY 16, 2023

Texas-based franchisor Keller Williams is hosting its annual Family Reunion conference in California Friday through Wednesday. Here are the sessions, speakers and events you can't miss.

Realty 152

Realty Real Estate Technology Brokerage 152

Real Estate News

FEBRUARY 13, 2023

In a down market, the grass might look greener elsewhere. But if you regularly — and genuinely — connect with your agents, they'll have a reason to stay.

Agents 212

Agents Marketing 212