Housing Wire

OCTOBER 14, 2024

The latest tumult in real estate feels like our world has been turned upside down yet again. But underneath all the frenzy, I see a genuine opportunity for us to turn this into a positive and come back even stronger than before. I often think of the term “Anti-fragile” from the book of the same name by Nassim Taleb. The principle is that people and organizations can build their success around being able to come back even stronger after a wallop, instead of just withstanding the impact.

Real Estate 417

Real Estate Tools Clients Buyers 417

Appraisal Buzz

OCTOBER 11, 2024

Do rising mortgage rates necessarily trigger an economic recession or vice versa? With six of 10 distinct housing recessions since the 1970s preceding an economic recession (as determined by the National Bureau of Economic Research Business), it is tempting to answer, “yes.” But real estate economists say it’s not so simple. “Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly anal

Housing Market 416

Housing Market Marketing Construction Real Estate 416

Housing Wire

OCTOBER 13, 2024

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Weekly housing inventory data Four weeks ago was the best week of inventory growth in 2024, as we hit my model range without higher mortgage rates : I gave it the chef’s kiss.

Inventory 497

Inventory New Listings Retail Mortgage 497

Sacramento Appraisal Blog

OCTOBER 10, 2024

I get this question quite a bit. Why didn’t the appraiser add the square footage of the ADU to the main house? The idea is the accessory dwelling in the backyard should be lumped into the total square footage, and since it wasn’t, maybe the appraiser undervalued the property. Let’s talk about it. I have […] The post Why didn’t the appraiser add the ADU in the square footage?

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Appraisal Marketing 345

Real Estate News

OCTOBER 10, 2024

The trade organization filed an official request with the high court today, asking for a review of an antitrust case that was ostensibly closed in 2021.

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Inman

OCTOBER 13, 2024

The better your listing marketing plan, the better the results, and the more listing opportunities you will have in the future. Jimmy Burgess offers a step-by-step strategy for winning now.

Marketing 148

Marketing Agents 148

Appraisal Buzz

OCTOBER 8, 2024

Mortgage rates climbed in 44 U.S. states during the first half of 2024, leaving homebuyers anxiously awaiting relief. With the Federal Reserve beginning a series of interest rate cuts , the housing market is expected to see some improvement, but for now, homebuyers in most states continue to feel the squeeze. According to a new analysis from WalletHub , mortgage interest rates increased in all but six states from the first quarter to the second quarter of this year.

Mortgage 435

Mortgage Housing Market Buyers Marketing 435

Appraiserblogs

OCTOBER 14, 2024

Fannie and Freddie have been toiling at the coalface of “synthetic appraisals” – “black box valuations.” In the 1960s, technocrats at the Pentagon used the latest IBM mainframe computers to analyze complex data related to the Vietnam War. Planners fed punch cards into the machines and ran endless simulations, hoping to determine strategies for winning the war.

Finance 88

Finance Valuation Appraisal 88

Real Estate News

OCTOBER 9, 2024

In the second of a 2-part series, NextHome CEO James Dwiggins warns of a greed-driven future if the CCP is eliminated, and shares a proposal for revising it.

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Inman

OCTOBER 11, 2024

The Park City Board of Realtors informed the National Association of Realtors it would no longer require agents to comply with the pocket listing rule due to fear of litigation.

Realtors 168

Realtors Agents Realty Brokerage 168

Housing Wire

OCTOBER 10, 2024

The Real Brokerage ’s explosive growth continues. The company has added the Grant Johnson Group , based in the Minneapolis area, bringing 55 agents to Real and pushing the brokerage’s total agent count past 22,000. “It’s fitting that a fast-growing team, focused on building a strong culture, has helped us surpass 22,000 agents,” Real President Sharran Srivatsaa said in a statement.

Brokerage 430

Brokerage Agents Real Estate Realty 430

Appraisal Buzz

OCTOBER 8, 2024

In wake of the Fed’s recent rate cut last month, hesitant Americans are becoming open to the idea of entering the market to begin their homebuying journey. However, people actually need homes to do so. There is a concerning housing shortage in the U.S., and while one of the primary drivers of today’s high housing costs—although it’s not always the case—is an overall lack of housing supply.

Home Value 418

Home Value Housing Market Marketing Investors 418

Eyes on Housing

OCTOBER 10, 2024

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2024 posted a reading of 63, down two points compared to the previous quarter. Remodelers remain optimistic about the market even though the overall RMI edged down for the third consecutive quarter. Some have potential customers citing the upcoming election as a reason.

Marketing 105

Marketing 105

Real Estate News

OCTOBER 9, 2024

President Susan Daimler reiterated the company's support for the Clear Cooperation Policy, and called private networks "terrible" for consumers and agents.

Agents 271

Agents 271

Inman

OCTOBER 11, 2024

Led by broker-owner Daniel Aubry, Daniel Aubry Realty comprises a team of six agents who bring a wealth of experience in both commercial and residential real estate, backed by Aubry’s extensive background in the industry.

Realty 153

Realty Real Estate Agents Brokerage 153

Appraisal Buzz

OCTOBER 10, 2024

In its September 2024 Market Advantage mortgage statistics report, Optimal Blue revealed that rate-and-term refinancing activity increased by 50% month-over-month (MoM) as recent homebuyers seized the chance to reduce their interest rates and mortgage payments. Even though the Federal Open Market Committee (FOMC) reduced its target federal funds rate by 50 basis points on September 18, the market had already factored in some of the rate drop, which resulted in a month-long surge in refinancing a

Mortgage 392

Mortgage Marketing Appraisal 392

Eyes on Housing

OCTOBER 15, 2024

Nationally, across the 86 million owner-occupied homes in the U.S., the average annual real estate taxes paid in 2023 was $4,112, according to NAHB analysis of the 2023 American Community Survey. Homeowners in New Jersey continued to pay the highest real estate taxes, paying an average of $9,572, 30.6% higher than the second highest, New.

Property Taxes 105

Property Taxes Real Estate 105

Real Estate News

OCTOBER 11, 2024

A decision by Park City Realtors could signal a shift in local associations’ willingness to abide by NAR policies, and comes as the CCP debate intensifies.

Realtors 244

Realtors 244

Inman

OCTOBER 11, 2024

While repping their former marital home, Alyssa Morgan presented her ex, John Jansheski, with a $70 million offer, which he declined. Several months later, he accepted a $57 million offer from the same buyer after he had assigned a new listing agent.

New Listings 162

New Listings Agents Buyers Mortgage 162

Housing Wire

OCTOBER 11, 2024

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements. But a new survey reveals diversity in the ways that teams are structured and how they produce different outcomes.

Real Estate 430

Real Estate Brokerage Legal Agents 430

Appraisal Buzz

OCTOBER 9, 2024

With more and more programs addressing the needs of middle-income renters—those earning between 60% to 120% of the area median income (AMI)—Harvard University’s Joint Center for Housing Studies decided to dive deep to discover who these renters are, the challenges they face, and the services they need, recently publishing the paper “ Subsidizing the Middle: Policies, Tradeoffs, and Costs of Addressing Middle-Income Affordability Challenges.

Bracketing 397

Bracketing Design Insurance Investing 397

Eyes on Housing

OCTOBER 11, 2024

Prices for inputs to new residential construction—excluding capital investment, labor, and imports—decreased 0.6% in September according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. Compared to a year ago, this index was down 0.1% in September after an increase of 1.0% in August. The inputs to.

Construction 94

Construction Investing 94

Real Estate News

OCTOBER 8, 2024

In the first of a 2-part series, NextHome CEO James Dwiggins explains the history of NAR’s policy and warns of the legal consequences of eliminating it.

Legal 262

Legal 262

Inman

OCTOBER 8, 2024

Compass founder and CEO Robert Reffkin writes that Clear Cooperation and mandatory disclosures undermine seller choice and put them at risk of the unintended consequences of a mass exposure of property details.

Sellers 171

Sellers Brokerage Agents 171

Housing Wire

OCTOBER 8, 2024

A housing watchdog group has filed more than 100 complaints that target more than 200 defendants for allegedly discriminating against potential housing applicants who sought to use Section 8 housing vouchers to secure a dwelling. In 2019, California Gov. Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of inco

Brokerage 488

Brokerage Landlords Law Realty 488

Appraisal Buzz

OCTOBER 11, 2024

The U.S. Department of Housing & Urban Development (HUD) follows up their record-setting $16 billion in federal funding and investments in Historically Black Colleges and Universities and $138 million in awards grants for 18 state housing agencies to create affordable homes and expand support services for adults living with disabilities by expanding its counseling services, forming a new partnership with Zillow to attract the next generation of homebuyers, and issuing a new final rule allowi

Transportation 370

Transportation Advertising Modernization Design 370

Yolo Solano Appraisal Blog

OCTOBER 14, 2024

I’m speaking at the Northern California Chapter of the Appraisal Institute’s Fall Conference this Friday in South San Francisco. I have 45 minutes to discuss the ABCs of ADUs. It’s a short class but I hope to offer new, useful material to attendees. More details here.

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Appraisal 78

Real Estate News

OCTOBER 11, 2024

A recent survey found that many agents are not satisfied with local association services and find MLSs less relevant in light of new industry rules.

Agents 237

Agents 237

Inman

OCTOBER 11, 2024

Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same.

Business 142

Business Mortgage Technology 142

Housing Wire

OCTOBER 9, 2024

In its race against other brokerages to add agents, eXp Realty has scored big in California. Prime Real Estate Team is leaving the white-label brokerage Side and taking its 21 agents to eXp. Led by the wife-and-husband team of Angelica Galeana Yost and Robert Yost, the team serves the Sacramento and Folsom areas of Northern California. Robert Yost is a 19-year veteran in real estate, and Angelica serves as co-team lead and director of growth.

Realty 430

Realty Agents Brokerage Real Estate 430

Appraisal Buzz

OCTOBER 11, 2024

Ginnie Mae and the U.S. Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. This event will explore the intersection between liquidity for mortgage lenders, servicers, and mortgage-backed securities Issuers, and the preservation of borrowers’ access to affordable credit throughout the economic cycle.

Mortgage 369

Mortgage Marketing Finance Retail 369

GoForrmz

OCTOBER 14, 2024

The GoFormz team is going abroad this October for Field Service Europe 2024 Connect with our team in Amsterdam at Field Service Europe 2024 this October 28-30! We’ll be at booth #202 showcasing how GoFormz mobile forms can transform your manual processes and modernize your business. Stop by to say hello to the team, watch a demo, and enter for a chance to win a set of Apple AirPods!

Modernization 78

Modernization Business Design Tools 78

Real Estate News

OCTOBER 8, 2024

Three major Texas MLSs — Unlock, HAR and SABOR — agree to share data; REcore unveils new compliance product for buyer agents; Stellar subsidiary goes global.

Buyers 238

Buyers Tools Agents 238

Inman

OCTOBER 10, 2024

The American Real Estate Association is looking for those 'fined or otherwise harmed' by the National Association of Realtors' pocket listing rule and are interested in "collective action.

Agents 154

Agents Realtors Real Estate 154