Housing Wire

NOVEMBER 20, 2024

Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. “The launch of Sales Mastery Powered by Momentum Builder marks a transformative moment in the housing industry, signaling a seismic shift in how sales professionals will approach success,” said Todd Dunca

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Training Tools Mortgage Marketing 370

Appraisal Buzz

NOVEMBER 19, 2024

The American Dream has long been synonymous with homeownership. However, for many low- and moderate-income families, realizing this dream is becoming increasingly out of reach. This is due to several factors, including rising housing costs, stagnant wages, and a decline in the availability of small-dollar mortgages, defined as those for homes priced at $150,000 or below.

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Housing Wire

NOVEMBER 19, 2024

We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand is high so the clearance rate (mortgage rates) should be higher.

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Sacramento Appraisal Blog

NOVEMBER 19, 2024

The internet has been buzzing this week about Governor Newsom’s new $9.1M home purchase, so let’s talk about it. But I want to be clear that this is about real estate – not politics. Also, I think modest price growth is a really good way to describe the market. UPCOMING SPEAKING GIGS: 11/20/24 Delia Real […] The post Modest price growth & the Governor’s outlier properties first appeared on Sacramento Appraisal Blog.

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Real Estate News

NOVEMBER 18, 2024

Leaders spent thousands on Hamilton tickets and other luxuries with corporate credit cards, as former execs stayed on the payroll, The New York Times reported.

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Eyes on Housing

NOVEMBER 20, 2024

Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose substantially in 2022. According to the latest American Community Survey (ACS), the industry managed to attract close to 130,000 new workers coming from outside the U.S. to help with persistent labor shortages. For comparison, this.

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Appraisal Buzz

NOVEMBER 18, 2024

This piece originally appeared in the November 2024 edition of MortgagePoint magazine, online now. The integration of artificial intelligence (AI) technology into the lending space has opened doors for countless possibilities. Loan options can be personalized, outcomes can be predicted, and all processes can be expedited at incredible rates. As AI continues to expand, it becomes increasingly important to focus on the quality of the customer experience.

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Technology Loan Officers Lending Tools 419

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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Real Estate News

NOVEMBER 19, 2024

The new, lower-cost program also includes access to legal forms and training, and is being rolled out as NAR’s three-way agreement faces greater scrutiny.

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Realtors Legal Training 309

Inman

NOVEMBER 19, 2024

As real estate continues to evolve in a post-Sitzer | Burnett era, contract documents are likely to be refined and modified to reflect current trends, broker Cara Ameer writes.

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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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New Listings Sellers Mortgage Law 504

Appraisal Buzz

NOVEMBER 19, 2024

This piece originally appeared in the November 2024 edition of MortgagePoint magazine, online now. Legal League Director D.J. (David) Mulkay The Five Star Institute is proud to welcome D.J. (David) Mulkay as the newest Director of the Legal League. Mulkay has over 20 years of experience with financial services law firms and mortgage banks. This latest role overseeing Five Star’s Legal League gives him the opportunity to leverage his experience on all sides of the industry to bring all parties

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GoForrmz

NOVEMBER 19, 2024

Originally published on 01/09/2018 Level up your mobile construction forms with these powerful features Mobile forms are making their way onto more and more construction sites as more organizations than ever recognize the speed, accuracy, and flexibility of switching away from paper forms. But not all mobile forms providers are created equal. With GoFormz unique, customizable, and feature-filled platform, you can ensure you have the mobile form features to streamline all your construction projec

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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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Brokerage Real Estate Agents 283

Inman

NOVEMBER 19, 2024

It's gratitude season, Darryl Davis writes, so let's show how much our colleagues, clients, vendors and friends mean with these affordable and original gift ideas.

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Clients Agents 160

Housing Wire

NOVEMBER 14, 2024

The Congressional Budget Office (CBO) this week published a report assessing the performance of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in reaching their single-family housing goals. The CBO found that the GSEs “met or exceeded” nearly all goals over a four-year period from 2018 to 2022. The CBO analyzed data from the Federal Housing Finance Agency (FHFA) data in its report.

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Appraisal Buzz

NOVEMBER 19, 2024

The Mortgage Bankers Association ’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.4 million borrowers since March 2020. The share of Fannie Mae and Freddie Mac loans in forbearance increased seven basis points to 0.20% in October 2024.

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Mortgage Investors Appraisal Marketing 367

Eyes on Housing

NOVEMBER 18, 2024

Lending standards were essentially unchanged for all residential mortgage categories in the third quarter of 2024, except for Subprime loans, according to the Federal Reserve Board’s October 2024 Senior Loan Officer Opinion Survey (SLOOS). Demand for most residential mortgage loans remained weaker across all categories in the quarter. Lending conditions for commercial real estate (CRE) loans were.

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Real Estate News

NOVEMBER 19, 2024

The National Association of Hispanic Real Estate Professionals says the much-debated policy “helps ensure all buyers have equal access to available properties.

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Inman

NOVEMBER 18, 2024

National mortgage lender offering affected customers free credit monitoring and identity theft protection after hackers accessed Social Security numbers in August data breach.

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Mortgage Technology 152

Housing Wire

NOVEMBER 18, 2024

What will the housing market look like in 2025? We already see many signals for what to expect, including last week’s data on inventory , new listings and price reductions, which I analyze below. For a more comprehensive look, read our 2025 Housing Market Forecast covering home prices, home sales volumes and more. Last week, there were 9% more newly pending home sales than the same week a year ago and home sales are ticking down for the season.

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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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Eyes on Housing

NOVEMBER 13, 2024

Inflation picked up again in October, showing the last mile to the 2% target will be the hardest. Shelter costs remained the main driver of inflation, accounting for over 65% of the 12-month increase in the all items less food and energy index. However, the year-over-year change in the shelter index has been below 5%.

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Real Estate News

NOVEMBER 16, 2024

As a smaller brokerage or team, you may not have the backing of major brand or franchise, but you have some unique advantages. See how to make the most of them.

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Brokerage 224

Inman

NOVEMBER 18, 2024

Nearly three-quarters of U.S. residents earning less than $50,000 annually are struggling to keep up with monthly rent or mortgage payments, causing many to make dramatic sacrifices to stay afloat.

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Housing Wire

NOVEMBER 19, 2024

The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned. In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included U.S. Senate Amendment 2358 — known as the Homebuyers Privacy Protection Act of 2024 — in the Senate’s Fiscal Year 2025 National Defense Authorization Act (NDAA).

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Appraisal Buzz

NOVEMBER 18, 2024

E-closing technology is a game-changer for mortgage lenders in optimizing their secondary market strategies, a research report from Snapdocs shows. The report, conducted in partnership with Falcon Capital Advisors, shows that e-closing technology enables lenders to achieve a pricing gain of up to 10 basis points by accelerating loan delivery to the secondary and capital markets.

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Technology Mortgage Investors Investing 349

Eyes on Housing

NOVEMBER 19, 2024

Clouded by hurricanes in the southeast part of the country and strike activity in the manufacturing sector, October nonfarm payroll figures were mediocre. Nonfarm payroll employment increased in 21 states in October compared to the previous month, while it decreased in 29 states and the District of Columbia.

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Marketing 130

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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Inventory 241

Inman

NOVEMBER 19, 2024

This is a moment of transformation in our industry, and you have a choice: adapt or fall behind, coach Darryl Davis writes. Don’t wait for the market to dictate your future. Take control.

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Marketing Realtors Agents 155

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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Real Estate Sellers Buyers Renovations 418

Eyes on Housing

NOVEMBER 19, 2024

Year-over-year gains for townhouse construction continued during the third quarter of 2024 as demand for medium-density housing continues to be solid despite slowing for other sectors of the building industry. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the third quarter of 2024, single-family attached starts.

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Real Estate News

NOVEMBER 14, 2024

An analysis of more than 17,000 transactions initiated within 60 days of Aug. 17 showed only minor shifts in percentages, though transactions were down overall.

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Inman

NOVEMBER 19, 2024

Zillow releases a new “BuyAbility” tool it says helps consumers find homes they can actually afford to buy after accounting for more variables.

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