Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents.

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Housing Wire

SEPTEMBER 12, 2023

New contracts dipped as affordability is out of reach for so many. For example if mortgage rates hit 8%, we’ll definitely see it in the data. There are 348,000 single-family homes in contract right now, with only 54,000 new contracts pending in the last week. The light portion of the bar are the new contracts that week.

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Housing Wire

JULY 19, 2023

A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Consider the following, fairly common scenario and the result: A seller signs a listing contract with a real estate brokerage for six months. A seller-client cancels a listing.

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Real Estate Legal Clients Brokerage 365

Housing Wire

NOVEMBER 21, 2023

1, 2024, but certain provisions on derivative contracts, and cleared and collateralized transactions go into effect on Jan. The final rule is primarily related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies and derivatives and cleared transactions.

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Housing Wire

MARCH 22, 2024

We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” It is definitely a significant concern and issue,” Smith said. “It It is definitely a significant concern and issue,” Smith said.

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Appraisal Buzz

AUGUST 1, 2022

When reading contracts, words will always have their ordinary meaning unless defined otherwise. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule. Below is the definition from Webster’s online dictionary of the plain meaning rule: Plain meaning rule. adjective.

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Valuation Contracts Appraisal Legal 360

Housing Wire

SEPTEMBER 1, 2020

“Activity [in New York City] has definitely picked up in the last month-and-a-half since showings resumed,” said Melissa Cohn , a mortgage lender and broker with William Raveis Mortgage. “People are out there, they’re looking for the best deal.” The rest of this content is for HW+ members.

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Listing Spark

FEBRUARY 6, 2023

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. And so they put a little bit of a more defined definition of what cash needs.

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Housing Wire

FEBRUARY 26, 2024

Home prices aren’t falling but the growth signals are definitely softening. And sure enough the number of new contracts started this week dipped. Price of new pendings The price of the homes that went into contract this week dipped a little too. A week ago, I mentioned that some of the price signals were softening.

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Sellers Inventory New Listings Contracts 468

Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight. In 2020, hiring in the mortgage industry surged.

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Loan Officers Retail Business Mortgage 468

Housing Wire

AUGUST 1, 2023

or 8% range, then there is definitely downside risk for home prices. In the light red line of the chart, you can see how the seasonal discounting definitely accelerated in 2022. The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. In 2022 there were 418,000.

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Inventory Contracts Buyers Mortgage 370

Housing Wire

NOVEMBER 10, 2022

The 2023 caps reflect an anticipated contraction of the multifamily originations market in 2023,” the FHFA said in a statement. “To The FHFA also made changes to selected definitions of multifamily mission-driven affordable housing in Appendix A of the Conservatorship Scorecard. “In

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Government Finance Contracts Design 370

Housing Wire

MARCH 10, 2023

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. Our contract is little different in that we share part of the entire home value at the end of the contract.

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Housing Market Marketing Contracts Lending 370

Housing Wire

JANUARY 23, 2024

While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close. Well into January, we are already seeing properties go under contract in the first weekend with multiple offers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

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Real Estate Agent Real Estate Buyers Agents 476

Appraisal Buzz

AUGUST 16, 2021

Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value. In other words, why are appraiser estimating market value below the contract price so often? Let me summarize the theory of a normal distribution.

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Market Value Buyers Appraisal Sellers 448

Housing Wire

OCTOBER 21, 2024

Prior to the implementation of the current CCP in May 2020, listing brokers had two business days from the signing of the listing contract to either enter the listing into the MLS as “active” or submit a listing exclusion form, which had to be authorized by the seller, to the MLS.

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Housing Wire

NOVEMBER 1, 2023

There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space. So, the deals aren’t as attractive to sellers. …We’ll

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Mortgage Loan Officers Finance Buyers 468

Housing Wire

AUGUST 19, 2024

Home sales down a teeny bit There are 366,000 single-family homes under contract. It is notable that the price of the homes under contract is still 3-5% above last year. Withdrawals of active listings are definitely climbing. So not all signs are showing the plateau in unsold homes. Prices nationally are unchanged for two years.

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Inventory New Listings Sellers Buyers 414

Housing Wire

MARCH 29, 2023

A HousingWire analysis of bond-rating report data and information provided by industry experts shows that between 2019 and March 28 of this year, there were at least 17 private-label securitization deals involving HELOCs and/or closed-end second-lien (CES) home-equity loans and separately shared-equity contracts.

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Contracts Lending Investing Investors 397

Housing Wire

JANUARY 10, 2024

Exclusivity: No Trial period: None specified Contract requirements: None specified zBuyer Best for: Customer service Visit zBuyer zBuyer offers a suite of tech-forward features, such as email and SMS marketing, an IDX website and marketing assistance, in addition to its real estate lead generation services.

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Real Estate Real Estate Agent Tools Contracts 440

Housing Wire

AUGUST 4, 2022

In May, ICE said it entered into a definitive agreement to acquire Black Knight for $13.1 Black Knight is preparing to be acquired by Intercontinental Exchange Inc. ICE), assuming regulators don’t stand in their way. billion, which valued Black Knight at $85 per share.

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Housing Wire

NOVEMBER 4, 2024

The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close.

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Agents Inspection Real Estate Sellers 435

Housing Wire

NOVEMBER 2, 2023

While its expensive setup fee and contract terms may not be ideal for all agents, Zurple’s emphasis on lead quality, lead prioritization and automated nurturing campaigns make it suitable for real estate professionals aiming to streamline the efficacy of their email marketing efforts. Zurple is that assistant you’ve been looking for.

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Real Estate Real Estate Agent Tools Agents 455

Housing Wire

DECEMBER 29, 2023

First of all, let’s unpack this precious time between Christmas and New Year’s when real estate pros are left wondering, what the heck do I do with myself and all of this unclaimed time?!

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Housing Wire

MAY 21, 2024

While these online tools aren’t a definitive statement of a home’s value, they can be a great starting point, especially when combined with other data like a home’s list price, square footage, number of bedrooms and baths, property tax history, and any price reductions.

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Real Estate Agent Real Estate Inspection Valuation 486

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” Generally, they go under contract in a day or two.” “We’re definitely seeing a ton of new projects,” Grebe said. It’s like a horse race.

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Housing Market Marketing Realtors Inventory 459

Housing Wire

JUNE 7, 2024

Automated lead engagement and nurturing tools: Leads are engaged and nurtured with automated, behavior-based text messages and emails Automated pipeline management CRM: Automatically identifies hot leads ready to transact so you can take over. To target different cities or neighborhoods in your MLS, you’ll want to add additional Zurple websites.

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Advertising Tools Real Estate Sellers 449

Appraisal Buzz

JUNE 6, 2022

But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. That contract or agreement you make when you accept a job is critical. Aside from the technicality of new assignment definitions, there’s a practical reason to be vigilant about this. Assignment conditions.

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Housing Wire

JUNE 28, 2024

Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market. We’ve definitely noticed an increase in inventory, and with not as much buyer activity, we are seeing longer days on the market and even some price drops,” Kubichko said. “I

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Housing Market Marketing Inventory Buyers 397

Housing Wire

MAY 27, 2022

Jeremy Potter: Here are the trends that I am closely following: iBuyer and Rent-to-own platforms for first-time homebuyers Blockchain and tokenization technology for smart contracts and fractionalized ownership Dad jokes on Instagram reels. I don’t mean affordable housing in the HUD definition, though I know that’s needed too.

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Modernization Legal Contracts Mortgage 396

Empire Appraisal Group

AUGUST 8, 2024

WASHINGTON – It is definitely best to price your home correctly as soon as the listing goes live. If you actually get it under contract, the appraisal could come in low, causing the lender to be unwilling to loan on the home. Pricing a home correctly will avoid any problems when it’s time for the appraisal.

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Real Estate Sellers Buyers Market Value 78

Appraisal Today

JULY 1, 2023

Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). It began with a summary of the definitions of highest and best use versus the definition of market value. percent from 6.73

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Appraisal Contracts Market Value Mortgage 87

Appraisal Buzz

OCTOBER 11, 2024

ppts Pending sales that fell out of contract, as % of overall pending sales 15.6% Refer to our metrics definition page for explanations of metrics used in this report. August 2024 Housing Market Highlights: United States August 2024 Month-over-month change Year-over-year change Median sale price $433,101 -1.3% Months of supply 2.6

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New Listings Buyers Housing Market Real Estate Agent 195

Housing Wire

MAY 30, 2024

But we are definitely supporting a market that already exists — they don’t use real estate agents anyway. We’ve enabled the ability to create an offer, negotiate that offer and produce a contract — all from a mobile device, without having to go through the back and forth of sending emails and follow ups.

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Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

SEPTEMBER 30, 2020

“But if the pandemic surges up again, I think we’re just going to get busier and busier here, because we are definitely located in the correct position, outside of New York City, where parents can still commute to work and children can have space needed for homeschooling and things like that,” Kanacki said.

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Real Estate Agent Real Estate Agents Realtors 546

Housing Wire

MARCH 5, 2024

Interest rates going up definitely cooled the market, but overall, that is not the problem.” By doing so, you are adding value to their marketing efforts and getting them a contract even if you don’t write a loan on that home,” Clark said. Our philosophy is, ‘Go help agents that are sending you buyers.’

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Loan Officers Mortgage Buyers Inventory 448

Appraisal Today

AUGUST 30, 2024

AI Appraisals: Embracing the Future Appraisal 5 Enormous Mansions, With Wildly Different Architectural Styles—Priced at Under a Million Bucks Is appraisal accuracy measured by contract price? Again, I ask, does contract price equal market value? Further, should contract price be the metric by which appraisal values are measured?

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