Housing Wire
NOVEMBER 6, 2024
The trend of innovative software solutions and artificial intelligence (AI) tools continue as the real estate industry competes for speed and efficiency. New England -based MLS Property Information Network (MLS PIN) is following these footsteps with its latest partnership. MLS PIN announced a partnership with Restb.ai on Monday to bring advanced AI features to its web-based Pinergy MLS system.
Sacramento Appraisal Blog
NOVEMBER 6, 2024
Goodbye California. Many households have said that in recent years, and in a housing market that feels frozen with so many sellers sitting, one of the groups that still has incentive to sell happens to be residents leaving the state. Today, let’s talk about fresh migration stats. Any thoughts? UPCOMING SPEAKING GIGS: 11/7/2024 Think Like […] The post Saying goodbye to California first appeared on Sacramento Appraisal Blog.
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Housing Wire
NOVEMBER 2, 2024
Home prices have remained firm over the last two months, even with higher mortgage rates and inventory data. Our weekly tracker data is created to look ahead of the traditional monthly reports such as Case Shiller and the NAR existing home sales report, and what I have seen over the past few weeks has shocked me. I want to show you how the data changed with mortgage rates heading toward 6% so the next time this happens, we have a better idea of what to expect in the housing market.
Appraisal Buzz
NOVEMBER 1, 2024
A recent WalletHub report sheds light on mortgage delinquency rates across 100 U.S. cities, with rates spanning from around 3% to a staggering 23%. Based on data collected between Q1 and Q2 of 2024, WalletHub’s study ranks cities according to the proportion of mortgage holders behind on payments, a critical metric in assessing financial strain within communities.
Real Estate News
NOVEMBER 2, 2024
A lot has happened — leadership changes, settlements, new rules — but some say it's still too early to know how the landmark verdict will affect the industry.
Inman
OCTOBER 30, 2024
Tanya Monestier says the settlement "reinforces the existing system of seller-paid inflated compensation while pretending to eliminate it" as attorneys walk away with $333 million in cash.
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Appraisal Buzz
NOVEMBER 4, 2024
According to the National Association of Realtors ‘ (NAR) 2024 Profile of Home Buyers and Sellers, the market share of first-time homebuyers fell to a historic low of 24% (down from 32% last year), while the average age of home buyers reached all-time highs of 56 years (compared to 49 last year), 38 years for first-time buyers (compared to 35 last year), and 61 years for repeat buyers (compared to 58 last year).
Sacramento Appraisal Blog
OCTOBER 31, 2024
Prices have been pretty flat. That’s a really good way to describe the housing market lately in many areas across the country. Let’s talk about that today as well as dig into insurance. I have some encouragement to share too about mindset. UPCOMING SPEAKING GIGS: 11/7/2024 Think Like an Appraiser (3 hours) TBA 11/19/24 Downtown […] The post Flat prices & the insurance mess first appeared on Sacramento Appraisal Blog.
Real Estate News
NOVEMBER 4, 2024
In a lengthy filing, Judge Bough outlined his reasons for approving nine brokerage settlements last week, which he said got plaintiffs “the best deal possible.
Inman
OCTOBER 31, 2024
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110 million to resolve the litigation.
Housing Wire
NOVEMBER 4, 2024
Editor’s note: This is the fifth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. What does a real estate reporter do to mark the one-year anniversary of the Sitzer/Burnett jury verdict ?
Appraisal Buzz
OCTOBER 30, 2024
The National Association of REALTORS (NAR) reports that pending home sales increased in September. Transactions increased month over month in all four major regions. While sales in the Midwest and South stayed stable, the Northeast and West saw gains year-over-year. September saw a 7.4% increase in the Pending Home Sales Index (PHSI), a measure of future home sales based on contract signings, to 75.8, the highest level since March (78.3).
Appraiserblogs
NOVEMBER 4, 2024
There are signs of a new horde of deadbeat borrowers, but the foreclosure filings are being delayed and masked by the government itself. Some of the current deadbeat borrowers will learn to expertly work the system… In 2022, a San Ramon, California, couple who hadn’t made a mortgage payment since 2009 was finally evicted. Anita and Mahesh Khurana had put on a masterclass in the use of the courts to keep foreclosure at bay.
Real Estate News
OCTOBER 30, 2024
With less than a month until the deals are finalized, objectors are making claims of insufficient damages, harm to minorities, lack of accountability and more.
Inman
NOVEMBER 4, 2024
Brokerages have been plagued by falling sales and tapering price growth, rendering broker fees stagnant at a time when most sectors are enjoying robust gains, according to a new Intel analysis.
Housing Wire
OCTOBER 31, 2024
Interior property data company CubiCasa announced the launch of an interactive touring product for listing agents. The new CubiCasa Tour product will create interactive, virtual property tours within minutes. The new product uses similar software to CubiCasa’s Floor Plans, another virtual listing tool that builds floor plans in five minutes or less.
Appraisal Buzz
OCTOBER 30, 2024
It’s been a year of cautious growth for luxury real estate, so it’s the perfect time for PropertyShark to come up with a list of the 100 most expensive zip codes in America. And the winner is … Atherton, California (again). Located just north of Menlo Park in northern California, Atherton takes the crown for the most expensive zip code in the nation for the eighth consecutive year, with a 2024 median sale price of $7,900,000.
Eyes on Housing
NOVEMBER 4, 2024
Wages for residential building workers grew at a fast pace of 9.9% in September, following a 10.8% gain in August. These year-over-year growth rates in the past four months were unprecedented in the history of the data series since 1990. After a 0.3% increase in June 2023, the YOY growth rate for residential building worker.
Real Estate News
NOVEMBER 1, 2024
10 questions every listing agent had better be able to answer, from whether to list on the MLS or offer buy-side compensation to what goes into pricing a home.
Inman
NOVEMBER 5, 2024
The latest iteration of REDX's ad builder introduces customizable ad templates and an easier, more direct connection to Facebook accounts so campaigns can be created and launched in less time.
Housing Wire
OCTOBER 30, 2024
Lower mortgage rates in September had a measurable impact on home sales. According to data released Wednesday by the National Association of Realtors (NAR), pending home sales in September jumped 7.4% compared to August and 2.6% year over year. NAR’s index reading of 75.8 is the highest number since March. An index reading of 100 equates to sales activity in 2001.
Appraisal Buzz
NOVEMBER 1, 2024
The Federal Housing Finance Agency (FHFA) has issued AB-2024-05 , an Advisory Bulletin that simplifies the process for project sponsors to receive Federal Home Loan Bank (FHLBank) funds for affordable housing projects. Each of the 11 FHLBanks operates an Affordable Housing Program (AHP) providing grants or subsidized advances to fund rental housing and homeownership opportunities for low- and moderate-income households.
Appraisal Today
NOVEMBER 1, 2024
Newz: FHFA Waiver Expansion, AMC Appraisal Fees, Appraising Kitchens November 1, 2024 What’s in This Newsletter (In Order, Scroll Down) Construction Progress Inspection Reports: Claims Involving ADUs and Remodels Appraising Kitchens: Understanding Trends, Functionality, and Market Expectations Lake Tahoe Ranch Hits the Market for $188 Million, Making It One of the Priciest Listings in the U.S.
Real Estate News
NOVEMBER 2, 2024
Twin Cities and Houston-area independents embrace the Anywhere family of brands; NFL'er joins Douglas Elliman's luxury division; Christie's expands in the Alps.
Inman
NOVEMBER 4, 2024
Weekends are packed with potential buyers and sellers, from open houses to whole-family showings. Agents are expected to work weekends, and childcare on the weekends can be expensive.
Housing Wire
NOVEMBER 5, 2024
loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to help the company reduce its non-volume expenses by more than $730 million.
Appraisal Buzz
OCTOBER 31, 2024
Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. The average buyer’s agent commission for homes sold in October was 2.34%, ticking down just one basis point from 2.35% for homes sold in August, when the new changes took effect.
BiggerPockets
OCTOBER 30, 2024
Recently, we shared “8 Reasons Why REITs Are More Rewarding Than Rentals.” In short, studies show that REITs earn 2% to 4% higher annual returns than private real estate.
Real Estate News
NOVEMBER 5, 2024
Watch the conversation with Zillow CEO Jeremy Wacksman as he explains why savvy shoppers are better for agents, and why private listing networks are “just bad.
Inman
NOVEMBER 4, 2024
Amerivest Realty owner Joe Ballarino has brought a slew of agents based out of Florida, Colorado, Minnesota and Wisconsin to the cloud-based brokerage, according to an announcement Monday.
Housing Wire
OCTOBER 30, 2024
Some of the most powerful women in real estate have taken the industry’s coaching space into their own hands. A group of current and former real estate executives have launched The Helm, a coaching platform designed to provide professional development to a more diverse audience. Co-founded by Danielle Wilkie and Heather Frick — formerly of Compass and Oracle, respectively — The Helm aims to help both seasoned veterans and entry-level professionals.
Appraisal Buzz
OCTOBER 30, 2024
A new TransUnion survey has found that many consumers feel their existing mortgage and auto payments are putting a strain on their household finances, as the prospect of falling interest rates has them ready to consider refinancing those loans. TransUnion’s survey found that four in five recent home buyers say their mortgage payments are straining their finances, and are looking to refinance their mortgage payments in the next 12 months.
BiggerPockets
NOVEMBER 1, 2024
Real estate investing is one of the best ways to build wealth, but there’s a hidden trap that even seasoned investors fall into—it’s called poor bookkeeping practices that quietly drain […]
Real Estate News
NOVEMBER 2, 2024
Decades of underbuilding have led to low supply and high home prices. Is it time to take a closer look at modular construction, which can be faster and cheaper?
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