Housing Wire
OCTOBER 20, 2023
The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. A homebuyer must earn $114,627 to afford the median-priced U.S. home, up 15% ($15,285) from a year ago and up more than 50% since the start of the pandemic in early 2022.
Real Estate News
OCTOBER 20, 2023
The board wrote that this change, which takes effect in January, “represents the future of how residential real estate is transacted.
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Housing Wire
OCTOBER 20, 2023
The world of real estate is constantly in flux, yet one thing remains true: Lead generation is one of the most important requirements for maintaining a successful real estate business. Particularly in the 2023 economy, with interest rates on mortgage rates stubbornly perched around 7.5% and dwindling inventory in most states, today’s brokers must get creative to keep a fresh pipeline of homebuyers coming through the door.
Real Estate News
OCTOBER 20, 2023
On Day 5 of the Sitzer/Burnett trial, plaintiffs focused on steering, high fees in the U.S., and how buyer agent pay is handled differently in other countries.
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
Housing Wire
OCTOBER 20, 2023
The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to combat the practice of lenders’ avoidance of providing credit services to people living or seeking to live in communities of color because of race, color or national origin, otherwise known as “redlining.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 20, 2023
So far, week one of the Sitzer/Burnett bombshell class action antitrust buyer broker commission lawsuit has seen four of the five named plaintiffs testify in front of the jury. During their testimony, attorneys for the defendants, which now include National Association of Realtors , Keller Williams and HomeServices of America , had the opportunity, if they wished, to cross-examine the witnesses in addition to the questions posed by Michael Ketchmark, the lead attorney for the plaintiffs.
Inman
OCTOBER 20, 2023
Although you need to be careful with ChatGPT and other AI platforms, they can offer a great resource for idea generation. We asked for ideas on handling objections and got some surprisingly solid suggestions.
Housing Wire
OCTOBER 20, 2023
With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out.
Inman
OCTOBER 20, 2023
Security expert Robert Siciliano teaches you the five red flags for this scam and shows you how to put a stop to this type of real estate fraud with a simple and effective email response.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Housing Wire
OCTOBER 20, 2023
Optimal Blue — a provider of secondary market solutions and actionable data services — plans to solidify its position as an end-to-end solution from pricing a loan to hedging, trading and selling a loan, Scott Smith, interim CEO of Optimal Blue, shared in an interview following Constellation Software ’s acquisition of the firm. There will be no one-stop shop for mortgage tech, which in turn makes having an open platform of integration all the more important in a highly competitive environment, S
Inman
OCTOBER 20, 2023
The Fed chair acknowledged that in principle, elevated term premiums — higher rates of return bond investors are demanding to compensate them for risk — could reduce the need for further rate hikes.
GoForrmz
OCTOBER 20, 2023
Originally published on 12/08/2016 What are fields and why do I need them in my digital forms? Fields are the backbone and structure of your digital forms. Each field is designed to collect data from people who fill out your forms. Whether you’re creating a simple electronic signature form or a complex work order, every digital form needs fields to capture information.
Inman
OCTOBER 20, 2023
Jimmy Burgess shares 11 ways you can leverage QR codes to capture more leads, drive traffic and create an easy way for prospects to engage with your content.
Eyes on Housing
OCTOBER 20, 2023
Arizona’s population growth increased for the second consecutive year after falling during 2020. The population growth rate was 1.30% between 2021 and 2022 with the population increasing by 94,320 persons, the 8th fastest growth rate and 5th largest nominal increase in the U.S. between the years respectively. Arizona contains seven census designated MSAs.
Inman
OCTOBER 20, 2023
On Black Friday and the subsequent Cyber Monday annual shopping holidays this year, second home co-ownership solution Pacaso will offer zero percent interest on shares in select homes within its marketplace for the first three years of ownership.
BiggerPockets
OCTOBER 20, 2023
On Thursday, Federal Reserve Chairman Powell signaled a prolonged pause in interest rate increases. What does this mean for the market?
Inman
OCTOBER 20, 2023
The share of couples including "home funds" as part of their wedding registry has increased by 55 percent since 2018, according to a joint analysis released Thursday by Zillow and The Knot.
Mortgagebroker News
OCTOBER 20, 2023
New report shines a light on the woes of squeezed borrowers
Inman
OCTOBER 20, 2023
Federal prosecutors announced Wednesday that Cesar Pina had been charged with one count of wire fraud for running a pyramid scheme targeting real estate investors.
BiggerPockets
OCTOBER 20, 2023
First rental property? Security deposits, credit checks, and home renovations can seem DAUNTING when it’s your first real estate rodeo.
Inman
OCTOBER 20, 2023
With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Oct. 13-20, 2023.
Mortgagebroker News
OCTOBER 20, 2023
Average customer satisfaction among Canada's largest banks fell by double digits
Inman
OCTOBER 20, 2023
This week: As Sitzer | Burnett begins, the way agents communicate on commission may be the first thing to change.
Eyes on Housing
OCTOBER 20, 2023
Nonfarm payroll employment increased in 40 states and the District of Columbia in September compared to the previous month, while nine states lost jobs. Wyoming reported no change. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 336,000 in September, following a gain of 227,000 jobs in August. On a month-over-month basis, employment data was.
Inman
OCTOBER 20, 2023
Dallas real estate agents Heather Guild and Elena Richey bonded with their non-agent friend, Melanie Stout, over a shared interest in true crime and real estate, which is how the "Crime Estate" podcast was born.
BiggerPockets
OCTOBER 20, 2023
As insurance carriers raise their prices—and pull coverage from entire regions—this might be your next best bet to protect your properties from natural disasters.
Mortgagebroker News
OCTOBER 20, 2023
Province might resort to new legislation if necessary
Appraisal Today
OCTOBER 20, 2023
Fannie Mae Filed a Complaint Against Me October 18, 2023 Excerpts: In June of 2021, I completed an appraisal for a conventional purchase. The appraisal was ordered by an AMC on behalf of a lender. At that time, the real estate market was still being wildly affected by the COVID pandemic. Remote work was in full swing, and consumers were desperately seeking to get out of the cities.
Mortgagebroker News
OCTOBER 20, 2023
The province hopes to ramp up home construction
Mashvisor
OCTOBER 20, 2023
If you’re looking to make some money in real estate, then having positive cash flow properties is your top priority.
Lamacchia Realty
OCTOBER 20, 2023
NAVIGATING THE MOVE: LOGISTICS OF A SMOOTH HOME SELLING TRANSITION Selling your home comes with its unique set of challenges. The thought of packing up years of memories and coordinating the logistics can be daunting. But with the right approach, research, and help from a trusted real estate professional, you can make the process smoother, more manageable, and perhaps even fun!
Kairos Appraisal Services
OCTOBER 20, 2023
Have you seen the most recent updates to the Appraiser Independence Requirements? This is something worth paying attention to. These guidelines affect loan officers and how closely AMCs can work with mortgage brokers and lenders moving forward. Lenders have previously been scrutinized for how they have interpreted the Appraisal Independence Requirements.
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