Thu.Jan 04, 2024

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RentSpree achieves SOC 2 compliance 

Housing Wire

Los Angeles-based rental management software provider RentSpree successfully passed an audit regarding its data protection strategy, obtaining the System and Organization Controls (SOC) 2 Type II compliance. SOC 2 is regarded as the premier data security standard for Software as a Service (SaaS) providers. Developed by the American Institute of Certified Public Accountants , the SOC 2 Type II audit examines a company’s controls related to security, availability, processing integrity, confi

Tenants 477
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Real estate trends to watch in 2024

Sacramento Appraisal Blog

What’s the housing market going to do in 2024? Nobody has a crystal ball, but here are some emerging trends. Scroll quickly by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.

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Reverse mortgage volume and securities issuance trend lower in December

Housing Wire

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-backed Securities (HMBS) issuance closed out the year on a low note, with both metrics falling lower from the month before, according to data from RMI and New View Advisors.

Mortgage 476
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People on the Move: ‘Technological trailblazer’ named CEO of San Diego MLS

Real Estate News

Saul Klein, who helped push real estate online in the '90s and served in numerous tech and leadership roles, is the new CEO and director of SDMLS.

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Mortgage rates sit still in the first week of 2024

Housing Wire

In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday. The 15-year fixed-rate mortgage averaged 5.89% this week, down from 5.93% the prior week.

Mortgage 468
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No New Year's fireworks as mortgage rates stabilize

Real Estate News

Interest rates were nearly flat in the first week of 2024, ticking up slightly after nine weeks of declines.

Mortgage 279

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Buffalo is best in 2024, but the Buckeye State dominates

Real Estate News

Zillow predicts some of the hottest markets for price growth and home sales will be those in the Great Lakes region, with three Ohio cities in the top 10.

Marketing 278
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First American makes progress on restoring systems from pre-Christmas cyberattack 

Housing Wire

Title insurance giant First American Financial reported progress on restoring its systems from a pre-Christmas cybersecurity incident. First American has fallen victim to data theft after a perpetrator exfiltrated data and encrypted data on certain non-production systems in late December. “First American’s network, including our employee email system, has been restored.

Insurance 458
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Tech Bytes: News from T3 Sixty, HomeScout, Inside Real Estate

Real Estate News

T3 Sixty opens submissions for residential real estate website rankings; HomeScout acquires lead-gen company Trinity Oak; Inside RE releases AI assistant.

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Q1 2024 BrokerPulse: Leaders predict flat home prices, lower interest rates

Housing Wire

After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housing market, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. In fact, some 60% says that interest rates will go down in the next three months, no doubt based on current economic indicators.

Brokerage 448
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Brad Inman: ‘Unsung hero of real estate’ is the small broker-owner

Inman

More than 80 percent of real estate agents work for small brokerages with fewer than 25 agents, and the average is seven, Brad Inman writes. But their might was on full display in 2023.

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Blend’s soft credit pull function supports Fannie Mae’s DU early assessment

Housing Wire

Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae ’s Desktop Underwriter (DU) early assessment enhancement with a direct integration from Blend’s soft credit pull function. DU early assessment gives lenders more options for their pre-qualification process in DU. Lenders can submit a single soft pull credit file and receive a conditional DU recommendation, which can determine homebuyer preparedness and mortgage options earlier while consumers are spared the impact

Mortgage 448
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49% of agents sold either 1 home or none at all in the past year: CFA

Inman

Agent "glut" means part-timers are now the majority, leading to "widespread incompetence and pressure to maintain high commission rates," according to the Consumer Federation of America.

Agents 197
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loanDepot CIO on the evolution of build versus buy over 14 years

Housing Wire

Editor in Chief Sarah Wheeler sat down with George Brady, loanDepot’s chief information officer, to discuss the company’s evolving tech strategy and how he thinks long-term about tech in a rapidly changing environment. Sarah Wheeler: You joined loanDepot in 2021 from Capital One. What drew you into the mortgage industry? George Brady: You could argue I joined at the absolute worst time!

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It’s official: NAR reports first full-year membership dip since 2012

Inman

The membership of the National Association of Realtors shrank by 1.7 percent last year as the trade group weathered a tough market and major lawsuits.

Realtors 195
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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

Older Americans are forced to navigate a series of serious financial challenges compounded by their needs for both housing and later life care. While home equity can certainly be a beneficial tool for some seniors to deploy, it will not always be a definitive answer for every senior’s needs. This is according to Jennifer Molinsky, project director of the “Housing an Aging Society” program at Harvard University ’s Joint Center for Housing Studies (JCHS) in an interview with NextAvenue.

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New York agent Scott Fava boomerangs back to Compass

Inman

Fava and his New York-based team are the latest agents to participate in a trend of leaving a brokerage, only to return some time later.

Agents 190
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State-Level GDP in the Third Quarter of 2023

Eyes on Housing

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2023. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP increase ranged from 9.7 percent in Kansas to 0.7 percent in Arkansas. Nationwide, growth in real GDP (measured on a seasonally adjusted annual rate basis).

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Homebuyers are now paying $400 less per month than in October

Inman

After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there's no buying spree — yet.

Mortgage 189
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How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!)

BiggerPockets

Today, we’re going to show you how to pay off credit card debt FAST.

91
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Superman’s apartment is real, and it’s available for $5.9M

Inman

The fifth-floor unit at the Standish in Brooklyn Heights was often mentioned in the "Superman" comic books as Clark Kent's abode. Now the real-life 2,400-square-foot condo is for sale.

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Buying Rental Properties for $0 Down, 0% Interest the Creative Way

BiggerPockets

One couple is building MASSIVE passive income and generational wealth by buying rental properties for zero dollars out of pocket, sometimes with zero percent interest rates.

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This city in upstate New York is Zillow’s hottest market of 2024

Inman

Zillow is again predicting that more affordable markets will be the ones to watch in 2024, with Buffalo, New York, taking the top spot.

Marketing 183
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Top 5 Processes to Streamline with Digital Forms in 2024

GoForrmz

Master the transformative impact of digital forms One key component you may have found in your end-of-year planning is that in 2024, it might be time to find digital solutions to both ease the burden on your existing team, while also finding ways to streamline processes to be more efficient going forward. Popularly called a digital transformation, the idea of embracing new technologies to solve existing problems is nothing new and is likely already a part of your strategy in the coming year.

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Broker Spotlight: Steve Belluomini, Corcoran Icon Properties

Inman

Find out how this California broker puts his three decades of knowledge, experience and community focus to work for his agents and staff.

Agents 182
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Concerns about mortgage payments remain paramount for many Canadians: poll

Mortgagebroker News

Younger Canadians age 18 to 34 were the most worried

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Corcoran Sawyer Smith enters Pennsylvania with new acquisition

Inman

With the acquisition of Weidel Real Estate, the Corcoran Group franchisee is adding approximately 180 agents and seven new offices to its ranks, as well as moving into Pennsylvania.

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What's in store for the office sector this year?

Mortgagebroker News

Morguard research director highlights the market's numerous challenges in 2024

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A piece of the San Francisco Bay could be yours for $25M

Inman

The only private island in San Francisco Bay is up for a sale with a $25 million price tag. Red Rock Island is a six-acre vacant hill just off the Richmond-San Rafael Bridge north of the city.

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Vancouver housing market – how did it end 2023?

Mortgagebroker News

The market was supported by "surprising resilience" in the face of sky-high borrowing costs

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Meet Inman’s 2023 ‘Person of the Year’: The Small Broker-Owner

Inman

Small brokers may not get as much attention as the big guys, but they make up the majority of the real estate industry's firms and manage to win David-and-Goliath struggles every day.

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Deep Diving into Appraisal Modernization

Clear Capital

Story by Appraisal BuzzCast In today’s episode, host Hal Humphreys chats with Kenon Chen, EVP of Strategy and Growth at Clear Capital. Kenon tells us a little bit about his history in the industry, as well as his focus on the topic of appraisal modernization. What does appraisal modernization look like? How is it changing how the appraisal process works?

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7 perks of seller-paid commission to share with homeowners

Inman

Transparency and communication are more important than ever before. Darryl Davis offers essential talking points for your next commission conversation with sellers.

Sellers 173
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The New Appraisal Profession – Why bother!

Appraiserblogs

As long as the new normal is reporting the appraiser when you don’t like the value continues, why bother? In today’s new and unimproved appraisal atmosphere, any appraiser that does not “hit the number” is open to detrimental consequences. Buyers, Sellers, & Refinancers – The U.S. Government from the top down have provided the media and the public in general with so much toxic misinformation and encouragement that any appraiser doing their job, a job that can lead to lower values than expec

Appraisal 154