Appraisal Buzz

NOVEMBER 13, 2024

According to new research from Clever Real Estate , a St. Louis-based real estate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. The costs are broken down into the following: Repairs and renovations: $13,498 Furniture, fixtures, and appliances: $6,446 Closing costs: $4,754 Concessions to seller: $3,943 Moving costs: $2,670 Private mortgage insurance: $387 annually Home inspection: $277 The rep

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Housing Wire

NOVEMBER 15, 2024

Jerome Powell , the chair of the Federal Reserve , said on Thursday that the U.S. economy is “not sending any signals that we need to be in a hurry to lower rates.” The statement was enough to raise mortgage rates to an even higher level, a sharp departure from the optimism lenders experienced during the September rally, which now seems like a distant memory.

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Sacramento Appraisal Blog

NOVEMBER 14, 2024

What happens to the housing market after a presidential election year? Does the market really heat up like people say? What can we expect? Let’s take a look at some stats and kick around ideas. I’d love to hear your take in the comments. UPCOMING SPEAKING GIGS: 11/19/24 Downtown Regional MLS Meeting Q&A 9am 11/20/24 […] The post The housing market after a presidential election first appeared on Sacramento Appraisal Blog.

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Inman

NOVEMBER 14, 2024

The antitrust lawsuit filed by broker John Diaz in U.S. District Court in Los Angeles claims the membership agreement creates "an anti-competitive monopoly over MLS services.

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Advertiser: Trellis

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

Investing

Appraisal Buzz

NOVEMBER 13, 2024

The mortgage servicing landscape has long been a crucible of change, where today’s decisions lay the groundwork for the industry’s future. Servicing teams must manage shifting delinquency rates, regulatory demands that may pivot with each new administration, and ever-increasing operational costs while keeping their fingers on the pulse of the modern consumer and advancing technology.

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Real Estate News

NOVEMBER 9, 2024

Robert Reffkin said “it’s only a matter of time” before Zillow becomes a national MLS. Zillow, meanwhile, advocated for a strong MLS and equal access to data.

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Inman

NOVEMBER 12, 2024

Secret profits, deceitful acts or undisclosed compensation by Realtors could lead to action from multiple enforcement bodies, including NAR, MLSs and state regulators, Summer Goralik writes.

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Appraisal Buzz

NOVEMBER 11, 2024

More than three out of four (74.5%) home sales with Veterans Affairs (VA) loans over the past year had a 0% down payment, and nearly eight out of ten (83.5% of) VA home loan sales had a down payment below 10%, according to new information released by Realtor.com celebrating the recent holiday of Veterans Day. According to recent Realtor.com research , VA borrowers are more than twice as likely as conforming borrowers to have made a small down payment, which lowers the upfront costs of homeowners

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Housing Wire

NOVEMBER 15, 2024

The housing bubble crash theory has failed once again as we approach the end of 2024, but it’s always important to know why something didn’t happen. This week, we got the updated New York Fed credit data report and it shows the strong position of homeowners — especially in comparison to the years before the Great Financial Crisis. This is the kind of information you need as we get close to Thanksgiving and share the dinner table with Uncle Dave who says (for the 13th year) that we’re seein

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Speaker: Dylan Secrest

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Technology

Real Estate News

NOVEMBER 14, 2024

With the election over and rates appearing to stabilize, more would-be buyers were looking at homes this past week.

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Buyers 316

Inman

NOVEMBER 11, 2024

Fifth Wall led Fractional's funding, which brings its total funding to date to $20.55 million. The funds will be used to expand the product, hire and broaden its education initiatives.

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Investing Real Estate Technology 167

Appraisal Buzz

NOVEMBER 12, 2024

According to the National Association of Realtors ‘ (NAR) most recent quarterly report, home prices increased in about 90% of metro markets (196 out of 226, or 87%) during Q3 of 2024, while the 30-year fixed mortgage rate varied between 6.08% and 6.95%. Compared to 13% in Q2, just 7% of the 226 metro regions under study saw double-digit price increases within the same time frame.

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Housing Wire

NOVEMBER 15, 2024

Homebuyers who are part of Generation X — primarily born between the mid 1960s and the early 1980s — should keep accessibility features in mind as they approach retirement, since Americans are increasingly looking to age in place in their own homes once their time in the workforce is complete. This is according to a recent article at the Boston Globe that took a closer look at the kinds of homes that those currently in their mid-to-late 50s may want to prioritize as they look to the future.

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Design Renovations Retail Home Improvement 409

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Real Estate

Real Estate News

NOVEMBER 15, 2024

Broker and real estate influencer Anthony Lamacchia told agents at NAR NXT that it’s “ridiculous” what the DOJ has been “doing to our industry” in recent years.

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Eyes on Housing

NOVEMBER 15, 2024

Over the first nine months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 763,990. On a year-over-year (YoY) basis, this is an increase of 10.1% over the September 2023 level of 693,908. Year-to-date ending in September, single-family permits were up in all four regions. The range of permit increases spanned.

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Construction Marketing 144

Appraisal Buzz

NOVEMBER 14, 2024

The Consumer Financial Protection Bureau (CFPB) has finalized the Personal Financial Data Rights Rule (PFDRR) that will give consumers greater rights, privacy, and security over their personal financial data. The rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual’s personal financial data and transfer it to another provider at the consumer’s request—for free—allowing consumers to more easily switch to providers with superior rates and

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Housing Wire

NOVEMBER 13, 2024

With fluctuating mortgage rates and economic pressure in the housing market, foreclosure activity ramped up in October 2024. According to real estate data provider Attom , homebuyers may face more challenges heading into 2025. Attom released its October 2024 U.S. Foreclosure Market Report on Tuesday. It showed that 30,784 properties had foreclosure filings last month.

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Real Estate News

NOVEMBER 14, 2024

President Susan Daimler is departing after 12 years at the company, while SVP Jun Choo moves into the C-suite.

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Inman

NOVEMBER 12, 2024

Compass Resort aims to provide referrals, collaboration and other resources to agents who work with clients focused on vacation properties and secondary homes.

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Appraisal Buzz

NOVEMBER 13, 2024

According to ATTOM ‘s October 2024 U.S. Foreclosure Market Report, 30,784 properties in the U.S. had foreclosure filings, such as default notifications, scheduled auctions, or bank repossessions. This represents an 11% decrease from a year ago but a 4% increase from a month ago. “Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM.

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Housing Wire

NOVEMBER 14, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for real estate agents to grow their business in a variety of ways. Joining and engaging with groups of fellow Realtors on Facebook should be a key tool in every agent’s toolbox.

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Real Estate News

NOVEMBER 14, 2024

If home price growth continues at the current pace, “America will be completely divided,” said Chief Economist Lawrence Yun. The solution? “More supply.

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Inman

NOVEMBER 12, 2024

Approved handily, the proposal was one of 11 from NAR's Culture Transformation Commission, a group founded a year ago in the wake of accusations of harassment, intimidation and retaliation.

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Appraisal Buzz

NOVEMBER 15, 2024

According to a recent poll conducted by TD Bank , America’s Most Convenient Bank, two-thirds (66%) of homeowners still consider their homes to be a source of wealth for future generations, indicating that homeowners continue to perceive their houses as strong financial assets in the present market climate. More than 1,800 homeowners who bought a home during the last ten years with a mortgage loan and are currently homeowners participated in TD Bank’s HELOC Trend Watch nationwide poll.

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Housing Wire

NOVEMBER 13, 2024

The U.S. finds itself in a “troubling environment” for bolstering Black homeownership as evidenced by two key — and lagging — metrics. This is according to the 2024 State of Housing in Black America (SHIBA) report published this month by the National Association of Real Estate Brokers (NAREB). “The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the rep

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Real Estate News

NOVEMBER 9, 2024

Yun expects existing sales to rise 9% next year and even more in 2026, though the market has proved difficult to predict in recent years.

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Marketing 299

Inman

NOVEMBER 15, 2024

The 52-story hotel at 57 East 57th Street had been shuttered during the pandemic, with the property temporarily repurposed to house first responders, only to later have its staff furloughed. However, the reason for its extended closure remains undisclosed, though reports suggest ongoing disputes between Warner and the Four Seasons Hotels and Resorts Management company, which manages the properties.

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Appraisal Buzz

NOVEMBER 12, 2024

As the typical purchase price for a home remains at an all-time high , so does the cost of caring for one. According to the Q3 Home Care Price Index (wherein analysts at home-services provider Thumbtack estimate the yearly expense to maintain a single-family house), homeowners today average an annual $10,433 for their property’s upkeep. That represents a 5.9% increase compared to last year’s third quarter.

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Housing Wire

NOVEMBER 13, 2024

Compass is certainly known for luxury property sales , but the nation’s top brokerage based on sales volume is looking to offer even more support to agents working on these types of deals. On Tuesday, the firm launched Compass Resort, a network for agents in vacation-home markets and clients searching for second homes. Compass Resort will be led by agents Jordie Karlinski, Jack Pearson, Jen O’Hanlon and Steve Springer.

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Real Estate News

NOVEMBER 11, 2024

CEO Nykia Wright said she is also engaging a chief human resources officer, as well as a special advisor to help re-establish broker relationships.

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Human Resources 297

Inman

NOVEMBER 12, 2024

In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows.

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