Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Inventory 545

Inventory Housing Market Mortgage Marketing 545

Appraisal Buzz

JULY 24, 2024

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. This marks an increase from 59.6% year-over-year, the largest annual rise in a year and the highest share for any June since 2020. June marked the fourth consecutive month in which the proportion of homes lingering on the market for at least a month increased year-over-year.

Inventory 399

Inventory Marketing HOA Contracts 399

Real Estate News

JULY 24, 2024

A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.

306

306

Inman

JULY 25, 2024

New reports from "The New York Times" and "The Wall Street Journal" suggest that executives at Douglas Elliman and Side had heard about sexual assault allegations made against the Alexander brothers while they worked for their firms.

Agents 179

Agents 179

Eyes on Housing

JULY 19, 2024

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2024 posted a reading of 65, down one point compared to the previous quarter. The RMI remains solidly in positive territory, and NAHB continues to project that remodeling activity has stabilized at a healthy level in 2024. Although some remodelers are reporting a.

Marketing 152

Marketing 152

National Association of Realtors

JULY 19, 2024

With practice changes coming that include the prohibition of offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep an open line of communication.

Appraisal 80

Appraisal Agents 80

Appraisal Buzz

JULY 10, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed new rules to simplify the process for homeowners to get help when struggling to pay their mortgage. “ Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties ,” if finalized, would require mortgage servicers to focus on helping borrowers, not foreclosing, when a homeowner asks for help.

Mortgage 447

Mortgage Home Improvement Government Investors 447

Real Estate News

JULY 22, 2024

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

Buyers 309

Buyers Contracts Realtors 309

Inman

JULY 22, 2024

The company celebrated during a live "growth call" with leaders from more than 1,000 franchisees in the U.S. and Canada. Nearly 150 KW agents have earned more than $1 million in lifetime profit share.

Agents 185

Agents Brokerage 185

BiggerPockets

JULY 14, 2024

We might have just found the most under-the-radar real estate market of 2024. It’s got jobs, appreciation potential, and affordable homes, and it’s growing…fast! The best part?

Real Estate 79

Real Estate Marketing 79

Mortgagebroker News

JULY 24, 2024

Chair of events and VP on an eventful year to date – and what’s coming down the line

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70

Housing Wire

JULY 23, 2024

Today’s existing home sales report shows that the existing home market is now almost balanced. That might sound strange, but like most things I do, I have a model for it. We are very close to getting this balance nationally and in some markets we’re already there. I have often discussed four months of supply and active inventory between 1.52 and 1.93 million as a balanced market, but this equation has a second variable tied to today’s housing economics: affordability.

Marketing 468

Marketing Inventory Housing Market Buyers 468

Appraisal Buzz

JULY 24, 2024

One of the few good things to come from the 2020 COVID-19 pandemic was ultra-low mortgage rates that hovered around 3%, in part due to the Federal Reserve slashing interest rates to 0% in order to keep the economy afloat. But those low rates, considered a great deal at the time, has caused unintended and unexpected consequences. The main consequence of these low rates is something called the “lock-in effect” caused by homeowners with those pandemic-era 3% interest rates making the choice to sta

Mortgage 394

Mortgage Sellers Finance Appraisal 394

Real Estate News

JULY 24, 2024

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

Contracts 291

Contracts Buyers Marketing 291

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 191

Contracts Buyers Sellers Brokerage 191

BiggerPockets

JULY 7, 2024

The mortgage industry has just been through one of its biggest booms and busts, but some tech-first, cost-saving innovations could improve things for borrowers after this current cycle.

Finance 81

Finance Mortgage Marketing 81

Mortgagebroker News

JULY 23, 2024

Recent and upcoming changes position company for growth, stronger broker relationships

Business 72

Business 72

Housing Wire

JULY 8, 2024

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 526

Agents Business Real Estate Investing 526

Appraisal Buzz

JULY 19, 2024

Great news for buyers: the latest Consumer Price Index report showed that inflation is cooling—which is good—but that news came alongside a report from Redfin that monthly housing payments have also eased back from record highs hit a few months ago, making it that much sweeter for buyers. According to Redfin, the typical monthly housing payment was $2,722 mid-July, $115 lower than the all-time high which occurred in April.

Buyers 418

Buyers Inventory Mortgage Agents 418

Real Estate News

JULY 18, 2024

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Buyers 307

Buyers Inventory Mortgage 307

Inman

JULY 24, 2024

CoStar Group has put former Realtor.com News and Insights editor James Kaminsky on leave in response to Move's objections to sharing confidential information amid its trade secrets lawsuit.

Technology 169

Technology 169

BiggerPockets

JULY 21, 2024

Love traveling? Want to make more money? Looking for real estate with lower price points and higher returns? International real estate investments may be for you.

Real Estate 77

Real Estate Investing 77

Mortgagebroker News

JULY 24, 2024

Central bank lowers overnight rate for second month in a row

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79

Housing Wire

JULY 25, 2024

Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4 billion in cash, funded via available cash and drawdowns of existing MSR lines.

Business 450

Business Retail Contracts Mortgage 450

Appraisal Buzz

JULY 12, 2024

The Federal Housing Finance Agency (FHFA) has announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the GSEs). These new protections were brought about due to the FHFA’s ongoing engagement with market participants and key stakeholders on tenant issues, and represents the first time that tenant protections will be a standard component of GSE multifamily financing.

Tenants 435

Tenants Landlords Legal Finance 435

Real Estate News

JULY 22, 2024

Former eXp Chief Growth Officer Michael Valdes will spearhead the international expansion of LPT Realty, which he says is perfecting the model eXp pioneered.

Brokerage 274

Brokerage Realty 274

Inman

JULY 24, 2024

Seven executive hires in 2024 include Dana Abernathy, who will expand the company's servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships.

Mortgage 168

Mortgage 168

BiggerPockets

JULY 22, 2024

The DOJ is planning further changes to agent commission structures, which could lead to a significant reduction in traditional commission rates.

Agents 81

Agents Buyers Real Estate 81

Mortgagebroker News

JULY 23, 2024

Largest Indigenous-led housing development to create thousands of rental units

Development 72

Development 72

Housing Wire

JULY 19, 2024

Artificial intelligence has taken the real estate industry by storm over the past two years and Coldwell Banker is no exception. On Thursday, the Anywhere Real Estate brand announced that it had equipped its exclusive marketing platform tool Listing Concierge with generative AI capabilities. Through this update, the firm says the platform will now allow agents and concierge coordinators to automate the generation of listing descriptions, captions of images and property attributes.

Advertising 487

Advertising Real Estate Realty Technology 487

Appraisal Buzz

JULY 23, 2024

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Buyers 396

Buyers Contracts HOA Property Taxes 396

Real Estate News

JULY 19, 2024

The industry has weathered many storms, and through it all, has grown and thrived. So can agents. Jay Thompson shares 4 ways to leverage the changes ahead.

Agents 270

Agents 270

Inman

JULY 24, 2024

Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market.

Mortgage 173

Mortgage Marketing 173

BiggerPockets

JULY 19, 2024

From proposals to cap rent increases, all the way down to rent control, is the uncertainty in today's market enough to make investors leave it altogether?

Real Estate 80

Real Estate Investing Investors Marketing 80