Sat.Nov 18, 2023 - Fri.Nov 24, 2023

article thumbnail

Here’s what you can expect from the 2024 housing market

Housing Wire

Going more in-depth than a Fed meeting, our virtual Housing Market Update event provides you with the strategy-building insights needed to operate in 2024. It’s a savagely unhealthy housing market out there, and these economists unpack what that means for you. Register for the virtual event on Dec. 11 here. In a typical year, there are about 5.2 million sales of existing homes nationally and home prices rise by about 4%.

article thumbnail

Gratitude: a Redux

George Dell

Editor’s Note: This original Gratitude post written by George Dell appeared in The Analogue Blog on November 21, 2018. A lot has transpired in five years. (The understatement of the Century!) But our gratitude is stronger than ever after all these years. Editor’s Note: Check out the later post from November 26th, 2019 here: Does […] The post Gratitude: a Redux appeared first on George Dell, SRA, MAI, ASA, CRE.

364
364
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Run toward the housing market in 2024

Sacramento Appraisal Blog

It’s time to run toward the housing market. Today, I have some quick thoughts of encouragement for the real estate community as we look to 2024. I know it’s a holiday week, but I really want to share this message. And I have some cool stats too. Scroll quickly or digest slowly. UPCOMING (PUBLIC) SPEAKING […] The post Run toward the housing market in 2024 first appeared on Sacramento Appraisal Blog.

article thumbnail

Hack at nation’s largest title company stalls closings

Real Estate News

Fidelity National Financial, parent company of Chicago Title and more, is blocking access to title and escrow services while it investigates a security breach.

352
352
article thumbnail

Have lower mortgage rates already boosted housing demand?

Housing Wire

Did the recent move lower in mortgage rates turn the housing market positive? With mortgage rates moving almost 75 basis points lower from the highs, does the data show that demand has improved? Let’s take a dive in the weekly tracker to see. Purchase application data Last year, when mortgage rates fell from 7.37% to 5.99% , we got three good months of positive purchase application data until the first week of February before mortgage rates started to run higher from 6%-8%.

Mortgage 498
article thumbnail

Cost vs Investment

The Appraiser Coach

As human beings, we often think of the cost of things. It is my opinion that we think about the cost too much. It keeps us from achieving something truly great. For instance, we may consider starting to get up and exercise every morning, but decide against it when we consider the 30 minutes of sleep we’re going to lose by getting up early to exercise.

Investing 150

More Trending

article thumbnail

Homes.com fires back over traffic claims, buyer agency and trust

Real Estate News

Dave Mele, president of Homes.com, previewed his company’s monetization plans and responded to criticisms and allegations from competitors.

Buyers 312
article thumbnail

Mortgage applications surge to highest level in six weeks: MBA

Housing Wire

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week. Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey.

Mortgage 475
article thumbnail

Existing Home Sales Slide to a New 13-Year Low Amid High Mortgage Rates

Eyes on Housing

Existing home sales in October fell to the lowest level since August 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 fourth consecutive month of year-over-year median sales price increase.

Inventory 170
article thumbnail

Existing-home sales fall to 13-year low despite strong buyer demand

Inman

Existing sales fell 4.1 percent in October to an annual rate of 3.79 million, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said.

Buyers 179
article thumbnail

Agents Decoded: Commissions lawsuits won’t doom agents

Real Estate News

Real estate agents hate change — but lawsuit outcomes like buyer agreements and greater transparency are nothing to fear, says industry veteran Phil Faranda.

Agents 264
article thumbnail

6 ways real estate agents can use AI to become the ultimate authority

Housing Wire

You might have heard about AI in sci-fi movies or tech conferences, but do you know that it’s a game-changer for real estate agents too? That’s right! Artificial Intelligence (AI) is your secret sauce to becoming the ultimate authority in the real estate world. In this article, we’re going to dive into the incredible ways AI can skyrocket your authority and set you apart from the competition.

article thumbnail

Flat Readings for Single-Family Built-for-Rent

Eyes on Housing

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions, leading to flat construction conditions after recent gains. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 17,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2023.

article thumbnail

NAR directors confront power shift as executive committee steps up

Inman

At a Friday board meeting, a member of NAR's board of directors predicted "less authority" in 2024 as the embattled trade group's growing Executive Committee shoulders more responsibility.

Realtors 179
article thumbnail

Buy Side: The impact of Sitzer/Burnett hits home

Real Estate News

When Melissa Savenko told a pair of buyer clients about the recent verdict, they balked at the idea of paying commissions. She thinks it's just the beginning.

Clients 247
article thumbnail

Mortgage rates continue falling before Thanksgiving: Freddie Mac

Housing Wire

Mortgage rates dropped significantly in the last few weeks, but the cost of borrowing remains high prompting many homebuyers to wait for even lower rates. The 30-year, fixed mortgage rate averaged 7.29% for the week ending Nov. 22, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.44% and up from 6.58% the same week a year ago.

Mortgage 460
article thumbnail

Employment Situation in October: State-Level Analysis

Eyes on Housing

Nonfarm payroll employment increased in 25 states in September compared to the previous month, while 22 states lost jobs. The District of Columbia, North Dakota, New Mexico, and Virginia reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 150,000 in October, following a gain of 297,000 jobs in September.

article thumbnail

Mortgage rates overtake inventory as biggest worry for agents: Triple-I

Inman

After exceeding 8 percent in October, rising mortgage rates overtook "lack of housing inventory" as the top concern for real estate agents, according to the results of the latest monthly Inman Intel Index.

Inventory 178
article thumbnail

People on the Move: NAR's 2024 leaders take their posts

Real Estate News

After taking on the role of president a few months early, Tracy Kasper joined other officers for their gala moment at the association’s conference.

250
250
article thumbnail

DataDigest: How and where homebuilders are closing deals

Housing Wire

For the fourth consecutive month , homebuilder confidence sank in November, according to the National Association of Home Builders /Wells Fargo Housing Market Index published last week. The pessimistic streak is especially notable given that the fall months have recently been lucrative for builders. The index fell to 34 in November, well below the 50 mark that divides bullish and bearish sentiments.

Inventory 475
article thumbnail

[Video] FAQ: How do I build a Form Template?

GoForrmz

Originally published on 03/12/2018 Ready to build your first digital form Template ? Congratulations on taking the first significant step towards creating your digital form Template by partnering with GoFormz to digitally transform your paper forms. To get started, follow these simple steps: Begin by uploading your desired form to the GoFormz Template Builder.

Legal 148
article thumbnail

Homebuyers perk up as mortgage rates hit lowest level in 2 months

Inman

Requests for purchase loans were up 4 percent last week compared to the week before, but down 20 percent from the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association.

Mortgage 177
article thumbnail

Anywhere, RE/MAX settlements receive preliminary approval

Real Estate News

The agreements, which cover multiple buyer-broker commissions lawsuits, were deemed “fair, reasonable and adequate” by the judge.

Buyers 239
article thumbnail

Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

Editor in Chief Sarah Wheeler sat down with Scot Rose , CIO at Class Valuation , to talk about innovation in the appraisal space and how the technology being deployed for appraisal modernization can actually protect appraisers. This interview has been edited for length and clarity. Sarah Wheeler: You’re the chief innovation officer at an appraisal firm, and the appraisal space has not always been known for tech innovation.

Appraisal 430
article thumbnail

Another ‘Bad’ Word to Avoid!

Appraiserblogs

To lighten the load somewhat from discussions about current highly restrictive language use in appraisal reports that tends to circumvent actual reality and truth – which can positively or adversely impact property market value, replaced with only generic, non-offensive words, I present this cartoon. It’s another word to avoid using: Obfuscation of real and accurate market data using correct written descriptions, replaced with wokeism to foster an unworkable ideological agenda, is one reason why

article thumbnail

Biggest mortgage rate drop since pandemic sparks agent optimism

Inman

A big drop in mortgage rates has resulted in holiday rejoicing for agents and hopeful buyers. Make sure you're ready to work with them.

Agents 203
article thumbnail

Buyers can give thanks for another dip in mortgage rates

Real Estate News

Applications increased as 30-year fixed-rate mortgages declined for a fourth straight week.

Buyers 277
article thumbnail

Fidelity National Financial is latest victim of a cybersecurity attack

Housing Wire

Fidelity National Financial (FNF) was attacked by a “cybersecurity incident” that led the system to shut down some of its network, the company said. FNF blocked access to certain systems, which resulted in disruptions to title insurance, escrow and other title-related services, as well as mortgage transactions and technology for the real estate and mortgage industries, according to a filing with the U.S.

Insurance 468
article thumbnail

Happy Thanksgiving

Empire Appraisal Group

Happy Thanksgiving ! We are thankful for all our clients who relied on our appraisal services this year! Need a property appraised? Call us today for What its Worth… Empire Appraisal Group 561-441-9298 The post Happy Thanksgiving appeared first on Empire Appraisal Group.

article thumbnail

10 amazing Black Friday deals for agents in search of an edge in 2024

Inman

From Inman Connect New York tickets to personalized training from Ryan Serhant himself, these are the best all-around Black Friday deals for agents looking to thrive in spite of the headwinds.

Agents 172
article thumbnail

Brokerage Beat: News from The Agency, Coldwell Banker, C21, Sotheby's

Real Estate News

The Agency opens 100th office; longtime Bermuda firm re-ups with Coldwell Banker; Century 21 adds affiliate in Mass.; Sotheby's grows in Upstate NY.

Brokerage 215
article thumbnail

Building a fairer financial future with rent payment reporting

Housing Wire

California’s SB 1157 has made a significant impact on the lives of tenants in subsidized housing developments. This groundbreaking state-specific law mandates that landlords who own or operate such properties offer their tenants the option to have their rental payments reported to credit bureaus. For the past two years since the law went into effect, residents of these housing developments have had the opportunity to opt into rent reporting annually.

Tenants 451
article thumbnail

Pompano Beach and Deerfield Beach Market Update Q3 2023

Empire Appraisal Group

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. has been assisting clients in making well-informed decisions related to real estate. They are the top residential appraisal company in Broward and Palm Beach County, providing reliable and accurate appraisals alongside exceptional customer service. At Empire Appraisal Group, professionalism and integrity are highly valued, resulting in a well-established reputation for delivering an exceptional appra

article thumbnail

Mortgage groups urge FHA to ditch ‘life of loan’ premium payments

Inman

Having just slashed annual mortgage insurance premiums on new FHA loans by 35 percent in March, and with total insurance in force growing faster than reserves, HUD officials show no signs of giving in to long-standing industry demands.

Insurance 171