Housing Wire

DECEMBER 7, 2023

Since the 2008 housing crisis , there have been significant changes that prompted the Treasury to place Fannie Mae and Freddie Mac under conservatorship. While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely.

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Tools Development Mortgage Law 545

Sacramento Appraisal Blog

DECEMBER 4, 2023

Wall Street has invaded Main Street. It’s truly stunning to see that a company like Invitation Homes owns over 9,000 units in California. Today, I want to debut an interactive map I made to show where these homes are located. UPCOMING (PUBLIC) SPEAKING GIGS: 12/08/23 Free Q&A event for appraisers only (on private work) […] The post This one company owns 9,000+ homes in California (interactive map) first appeared on Sacramento Appraisal Blog.

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Real Estate News

DECEMBER 5, 2023

West Penn MLS and multiple brokerage companies are defendants in the latest buyer-broker commission suit filed Monday by home sellers in Western Pennsylvania.

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George Dell

DECEMBER 6, 2023

The developers of EBV (Evidence Based Valuation©) have concluded that best practices are dependent on the needs of the client for reliability and useability of the results. The need of the client is the predicted value (estimate). The goal of a valuation is trueness (accuracy) of the prediction or opinion. The test of any valuation is […] The post EBV Best Practices?

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Housing Wire

DECEMBER 2, 2023

What a week! Mortgage rates almost fell below 7%, the 10-year yield is below 4.25% again, and people are seriously talking about Fed rate cuts in 2024. Times can change quickly, which is why we created the weekly tracker so you have the information you need in real-time. Purchase application data Hello, early Christmas present! Mortgage rates have fallen by almost 1% in a short time, and it has created four straight weeks of positive purchase application data.

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Inman

DECEMBER 6, 2023

Mortgage rates keep falling after Powell tries to deflate expectations for the spring rate, as three new reports released this week suggest the economy is, in fact, losing steam.

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The Appraiser Coach

DECEMBER 5, 2023

Sometimes people don’t make sense. They make decisions or judgements that we don’t understand. They seem completely illogical to us. We forget that people make decisions based on feelings, then use logic to justify them. No matter what we think, people are not the creatures of logic and reason we like to think we are. I remember an interaction I had one day with a homeowner.

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Housing Wire

DECEMBER 8, 2023

After today’s jobs report , which showed unemployment at 3.7%, it’s now clear that the Federal Reserve does not need to create a job-loss recession to bring down the growth rate of inflation. The Fed has much to answer for after their massive rate hikes and quantitative tightening policy. These were created to bring down inflation by impacting the labor market but they disproportionally affected housing in a negative way.

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Retail Housing Market Marketing Government 528

Inman

DECEMBER 4, 2023

When luxury real estate agents need to foster their referral networks and forge new professional relationships, industry events are fundamental. But what about when you want to connect with prospective clients?

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Real Estate News

DECEMBER 6, 2023

The Florida Association of Realtors and 16 brokerages are named in the seventh major antitrust case filed by home sellers since the Sitzer/Burnett verdict.

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Brokerage Realtors Sellers 284

The Robert Weiler Company

DECEMBER 6, 2023

Are you toying with the idea of getting involved in the commercial real estate investment world? Have you been performing Google searches on commercial properties or commercial real estate investment ideas, only to find reasons not to move forward? Placing a large sum of money into a commercial property may be daunting, but your friends at The Robert Weiler Company are here to debunk a few misconceptions you may have read.

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Housing Wire

DECEMBER 7, 2023

Mortgage rates continued their downward trajectory this week as the 10-year Treasury yield dropped below 4.2% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.03% for the week ending Dec. 7, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.22% and up from 6.33% the same week a year ago.

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Mortgage Housing Market Investors Marketing 527

Inman

DECEMBER 7, 2023

Nearly 60 percent of millennials said they felt homeownership is more important now than it was for their parents, according to the results of a new survey released earlier this week by Bank of America.

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Real Estate Marketing 202

Real Estate News

DECEMBER 5, 2023

Mortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.

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Inventory Mortgage 266

Eyes on Housing

DECEMBER 8, 2023

In November, total nonfarm payroll employment increased by 199,000 and the unemployment rate declined to 3.7%, from 3.9% in October. The labor market continues to moderate. The Fed held interest rates steady for the second meeting in a row at the conclusion of its November meeting. This month’s employment data will be one of the key components in determining whether.

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Housing Wire

DECEMBER 6, 2023

Falling mortgage rates last week brought increased demand. Total home loan applications increased 2.8% for the week ending Dec. 1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August.

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Mortgage Marketing Inventory Finance 515

Inman

DECEMBER 6, 2023

In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes.

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Realtors Brokerage 199

Real Estate News

DECEMBER 6, 2023

Keller Williams also announced automated market snapshots and additional features as its CRM platform joins others in adding ChatGPT-powered capabilities.

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Marketing 236

Eyes on Housing

DECEMBER 6, 2023

Real gross domestic product (GDP) increased in 44 states and the District of Columbia in the second quarter of 2023. Economic activity contracted in six states. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP increased ranged from 8.7 percent in Wyoming to -1.9 percent in Vermont. Nationwide, growth in real GDP, measured on a.

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Contracts Marketing 97

Housing Wire

DECEMBER 6, 2023

In September 2022, the 30-year fixed mortgage rate averaged 6.1%, according to Freddie Mac data. Fast-forward one year, and the rate averaged 7.2%, an expensive difference for many homebuyers (rates have since started to drop ). But compare mortgage delinquencies over the same period: 2.8% in September 2022, 2.8% in September 2023, according to CoreLogic data.

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Mortgage Insurance Marketing Finance 491

Inman

DECEMBER 7, 2023

Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances.

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Finance Mortgage Marketing 195

Real Estate News

DECEMBER 7, 2023

Powered by Roomvo, Redfin Redesign is launching on 75,000 listings and lets home shoppers change paint colors, flooring and countertops with a few clicks.

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Tools 235

Eyes on Housing

DECEMBER 5, 2023

The bond market appears to be responding to cooling macroeconomic data, including labor market reporting, as long-term rates fall back. Among the risk factors that previously led to higher interest rates (more debt issuance, higher-for-longer monetary policy expectations, long-term fiscal deficit conditions, and strong current GDP growth data for the third quarter) was an ongoing, elevated count of open jobs.

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Construction Marketing 88

Housing Wire

DECEMBER 7, 2023

Editor in Chief Sarah Wheeler sat down with Tom Cronkright, co-founder and executive chairman of CertifID and CEO of Sun Title , to talk about battling the latest frauds and scams as bad actors leverage a new arsenal of tech tools to wreak havoc on buyers and sellers of real estate. Sarah Wheeler: Can you give us a quick overview of where we are on fraud?

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Real Estate Sellers Technology Real Estate Agent 450

Inman

DECEMBER 8, 2023

Coldwell Banker Global Luxury transformed a recent home trends survey of 200 luxury agents into a shoppable "Best of the Best" guide of luxury home products. The result shows luxury homeowners crave serenity now more than ever.

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Buyers Agents Design 193

Real Estate News

DECEMBER 5, 2023

Suzanne Bouhia will take on the role of Chief Marketing and Communications Officer, effective Dec. 11, during a turbulent time for the organization.

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Marketing 235

Empire Appraisal Group

DECEMBER 7, 2023

1 in 3 Buyers Uses Cash – Highest Share in a Decade By Kerry Smith In Fla., cash sales dropped year-to-year in only one metro: Fort Lauderdale. The percentage of cash sales ranged from 38.2% in Tampa to 49% in West Palm Beach. SEATTLE – Just over one-third (34.1%) of U.S. home purchases in September were made in cash, up from 29.5% a year earlier and the highest share in nearly a decade, according to a report from Redfin.

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Buyers Realtors Mortgage Sellers 78

Housing Wire

DECEMBER 4, 2023

Coldwell Banker Danforth , a Seattle-based Coldwell Banker franchise, won’t renew its National Association of Realtors (NAR) affiliation at the beginning of 2024, the company announced on Friday. The announcement comes amid major turmoil at the trade organization. In recent months, NAR has been embroiled in a sexual harassment scandal as well as a series of ongoing commission lawsuits.

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Brokerage Realtors Agents Design 450

Inman

DECEMBER 7, 2023

People who left Keller Williams for a competitor have begun receiving letters telling them that their profit share earnings will be reduced from 100 percent to 5 percent.

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Agents Brokerage 195

Real Estate News

DECEMBER 7, 2023

Even with mortgage rates dropping, challenges like affordability and stagnating household finances are keeping consumers wary.

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Finance Mortgage 249

The Robert Weiler Company

DECEMBER 7, 2023

In Ohio, land development continues to flourish and your farm land for sale may be a hot commodity for commercial real estate investors and brokers alike. Is your land perfect for the next shopping center, entertainment venue, or multi-family housing unit in your area? If you’re unsure of the investment potential of your commercial farm land, our tips below will help you better understand local zoning restrictions and the process of rezoning.

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Real Estate Law Development Legal 78

Housing Wire

DECEMBER 7, 2023

As the real estate market continues to grapple with high interest rates and low inventory, agents entering the market are looking for affordable client relationship management (CRM) tools that offer a cost-effective means to automate and manage client interactions. If you’re a new agent, finding the best free real estate CRM (or a low-cost option) to get you up and running until you build your client list is crucial.

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Real Estate Real Estate Agent Tools Agents 441

Inman

DECEMBER 2, 2023

Setting boundaries and saying no doesn't have to be so difficult with help from best-selling author Jay Papasan. He offers a range of options from delicate to direct to help you guard your time and energy.

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Brokerage Agents 193

Real Estate News

DECEMBER 4, 2023

Coldwell Banker Danforth broker/owner says he’s not against NAR, but that he wants agents to be able to decide for themselves if they join or not.

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