Housing Wire

SEPTEMBER 15, 2024

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s review the data together. Purchase application data First, purchase apps is the fastest way to look for positive or negative data at higher or lower mortgage rates.

Mortgage 517

Mortgage Inventory New Listings Retail 517

Appraisal Buzz

SEPTEMBER 5, 2024

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Construction 459

Construction Inventory Housing Market Contracts 459

Real Estate News

SEPTEMBER 12, 2024

The downward trend hasn’t fired up buyers (yet), but predictions of more cuts this year could move rates closer to 5% and amp up the market next spring.

Mortgage 274

Mortgage Buyers Marketing 274

Eyes on Housing

SEPTEMBER 11, 2024

In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share. In NAHB’s What Home Buyer’s.

Construction 201

Construction Buyers 201

Inman

SEPTEMBER 13, 2024

Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's "dot plot" says about expectations for the pace of future cuts.

Investors 186

Investors Mortgage Marketing 186

BiggerPockets

SEPTEMBER 6, 2024

We know evictions can be costly for both landlords and tenants (both financially and sometimes emotionally). But recently, I heard two investors discussing who actually loses more during the process.

Landlords 85

Landlords Tenants Investors Property Management 85

Appraisal Buzz

SEPTEMBER 6, 2024

Douglas G. Duncan Douglas G. Duncan , current SVP and Chief Economist at Fannie Mae, has officially announced his retirement via a LinkedIn post late Friday afternoon. Duncan’s post on his LinkedIn page ended speculation of an impending retirement and exit from the GSE. “I noticed someone ran a story about me retiring, so I thought I had better do it,” said Duncan in his post.

Real Estate 435

Real Estate Business Mortgage Finance 435

Real Estate News

SEPTEMBER 15, 2024

In an effort to curb money laundering and other crimes, a federal agency has adopted rules for brokers and others involved in non-financed transactions.

Finance 258

Finance 258

Eyes on Housing

SEPTEMBER 9, 2024

Although rent control policies do, in fact, produce lower rents in the controlled units as intended, these policies also have a number of unintended and undesirable consequences, according to a recently published review of the academic literature. Among the unintended consequences are a reduced supply of housing, higher rents in uncontrolled units, reduced quality in.

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Inman

SEPTEMBER 17, 2024

The new commission rules are confusing. Compliance expert Summer Goralik unpacks whether it’s possible to confirm if a seller is willing to compensate buyer’s agents.

Sellers 136

Sellers Agents Buyers Realtors 136

Lamacchia Realty

SEPTEMBER 16, 2024

Cyndi Deshaies has qualified for Lamacchia Realty's 2024 President's Club We are thrilled to announce that Cyndi Deshaies has qualified for the 2024 Lamacchia Realty President’s Club by closing 33 transactions so far this year! This marks the fourth consecutive year Cyndi has qualified, having previously earned this honor in 2021 , 2022 , and 2023.

Realty 74

Realty Clients Real Estate Agents 74

Housing Wire

SEPTEMBER 15, 2024

In what has become a familiar fall ritual, mortgage lenders are increasing their conforming loan limits months ahead of the FHFA’s official announcement. On Friday, Rocket Pro TPO and Pennymac both announced an increase in their conforming loan limits to $802,650 — before the expected increase by the FHFA in November. Rocket’s increase was effective Friday and Pennymac’s increase will be effective for new broker locks on Monday, Sept. 16.

Mortgage 498

Mortgage 498

Appraisal Buzz

SEPTEMBER 10, 2024

Freddie Mac CEO Diana Reid The Board of Directors of Freddie Mac has announced the selection of real estate and financial services industry veteran Diana Reid to serve as the company’s new CEO, effective immediately. Reid will also serve as a member of Freddie Mac’s Board of Directors. President and Interim CEO Michael Hutchins will continue as the company’s President.

Real Estate 418

Real Estate Finance Business Marketing 418

Real Estate News

SEPTEMBER 16, 2024

Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.

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BiggerPockets

SEPTEMBER 16, 2024

Learn how to find the best real estate markets by analyzing local economies, population trends, and infrastructure to make smart, profitable investments.

Real Estate 80

Real Estate Marketing Investing 80

Inman

SEPTEMBER 17, 2024

If you want to add to your safety and security toolbox, build value, protect your clients and stay safe in the field, check out these recommendations from Tracey “The Safety Lady” Hawkins.

Tools 142

Tools Business Clients Technology 142

Lamacchia Realty

SEPTEMBER 12, 2024

5 MISTAKES TO AVOID WHEN FURNISHING YOUR NEW HOME Furnishing a new home can be both exciting and overwhelming, especially for first-time homebuyers. With so many decisions to make, it’s easy to get swept up in the process and make common mistakes that can affect the comfort, functionality, and overall look of your home. To help you avoid these pitfalls, here are some key mistakes to steer clear of when furnishing your first home.

Realty 74

Realty Decorating Design Buyers 74

Housing Wire

SEPTEMBER 1, 2024

Have we seen the peak in housing inventory for 2024? The best part about 2024 has been that higher mortgage rates have created an inventory buffer, so if the economy gets softer and rates fall, we have many more homes to work with than we had in 2020-2023. I have consistently written that with mortgage rates above 7%, inventory should grow between 11,000-17,000 and this year it has happened six times perfectly in the channel.

Inventory 538

Inventory Mortgage New Listings Housing Market 538

Appraisal Buzz

SEPTEMBER 10, 2024

Young adults today are living with their parents at a rate unseen since 1940, according to a study from Apartment List , whose research team collects and analyzes U.S. rental market data. Necessity, rather than choice, has placed many families in this position, economists say. “Fewer than one-in-five [young adults living at home] are earning incomes that would allow them to comfortably afford local rent prices, a far lower share than in the past.

Marketing 417

Marketing Appraisal 417

Real Estate News

SEPTEMBER 5, 2024

More choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.

Marketing 286

Marketing Buyers Mortgage 286

BiggerPockets

SEPTEMBER 6, 2024

Don’t pop the champagne just yet, but one major economist just stated that he envisions the federal funds rate dropping to 3.25% once the Federal Reserve’s rate-cutting cycle is over.

Construction 80

Construction Marketing Real Estate 80

Inman

SEPTEMBER 17, 2024

Whether it’s buyers trying to nickel and dime your sellers or sellers asking for a piece of your commission, trainer Bernice Ross writes, the key is to put your foot down and say no.

Sellers 130

Sellers Buyers Agents 130

Lamacchia Realty

SEPTEMBER 12, 2024

Joselin Malkhasian & Nicole Vermillion quoted in recent Boston Globe article On September 11th, Lamacchia REALTORS® Joselin Malkhasian and Nicole Vermillion were quoted in a new Boston Globe article discussing why agents say that the fall of an election year is the best time to purchase a home. “The housing market gets a little slower during an election year.

Inspection 74

Inspection Decorating Realty Sellers 74

Housing Wire

SEPTEMBER 11, 2024

On this crazy day with the bond market, mortgage rates dropped to another yearly low after the CPI inflation print. How low? Mortgage News Daily came out with a shocking print of 6.11% mortgage rates for their top-tier borrowers, while HousingWire’s Mortgage Rates Center , which tracks actual loan lock data from Polly , is also at a year-to-date low of 6.44%.

Mortgage 506

Mortgage Marketing Housing Market 506

Appraisal Buzz

SEPTEMBER 9, 2024

The Five Star Conference 2024 is right around the corner! Set for September 24-26 at the OMNI Hotel in Dallas, the list of scheduled speakers, educational offerings, and networking opportunities continues to grow, offering something for all in the mortgage finance marketplace. At the FORCE Rally , attendees will be presented with relevant content, top-tier speakers, and exclusive insight so attendees can take their business to the next level amidst an unpredictable and tumultuous economic landsc

Agents 415

Agents Realty Brokerage Government 415

Real Estate News

SEPTEMBER 4, 2024

With new industry rules now in effect, the association has released additional resources for buyers and sellers that focus on ethics and steering.

Clients 274

Clients Agents Sellers Buyers 274

BiggerPockets

SEPTEMBER 4, 2024

News that the Federal Reserve is about to start cutting interest rates has electrified the real estate industry, with homeowners and investors eagerly waiting to see how low rates will […]

Investors 80

Investors Real Estate Mortgage 80

Inman

SEPTEMBER 2, 2024

Buyers failed to bite this summer despite falling mortgage rates. It has agents about as down on their business prospects as they've been all year heading into the NAR settlement era, according to Intel's Client Pipeline Tracker.

Real Estate Agent 185

Real Estate Agent Clients Agents Real Estate 185

Lamacchia Realty

SEPTEMBER 11, 2024

THE PROS AND CONS OF DOWNSIZING IN FLORIDA Florida has been experiencing an influx of people relocating there in recent years , and that’s why it is an attractive location for many homeowners. Whether you’re looking to reduce your living expenses, simplify your life, or take advantage of the rising property values, downsizing in Florida could be a smart move.

Real Estate Agent 74

Real Estate Agent Real Estate Realty Logistics 74

Housing Wire

SEPTEMBER 6, 2024

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts” policy. After today’s jobs report and the negative revision to this report and the previous ones, it is safe to say nobody outside of crazy people who want to see America go into a recession will question the Fed rate cut that will happen th

Marketing 509

Marketing Construction Mortgage Housing Market 509

Appraisal Buzz

SEPTEMBER 13, 2024

Incenter Lender Services Chief Legal Counsel Kathleen Dutill Kathleen Dutill , an experienced mortgage industry attorney, has joined Incenter Lender Services as Chief Legal Counsel. Dutill, who was previously Associate Counsel with Cenlar FSB and managed litigation at Ocwen Financial Corporation and GMAC Mortgage, will advise Incenter and its member firms on legal and compliance issues.

Legal 390

Legal Lending Property Taxes Law 390

Real Estate News

SEPTEMBER 3, 2024

The policy, which was designed to discourage the sharing of listings via private networks outside the MLS, is being called into question.

Design 275

Design 275

BiggerPockets

SEPTEMBER 11, 2024

Learn how to avoid common team-building pitfalls with tips on improving communication, documenting processes, fostering leadership, and inspiring collaboration.

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80

Inman

SEPTEMBER 12, 2024

The search platform is already live on the multiple listing service's website and comes amid a growing interest in using artificial intelligence to improve consumer home searches

Technology 168

Technology 168