Housing Wire
OCTOBER 10, 2023
We’ve all witnessed the housing market slowdown that has occurred over the last year. Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers. Additionally, competition for listings is on the rise as fewer homeowners are looking to sell.
Real Estate News
OCTOBER 10, 2023
Government policies and the rise of remote work contributed to declining affordability, but real estate agents have an opportunity to show their value.
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Housing Wire
OCTOBER 10, 2023
The same trends in the housing market in recent weeks are still dominant this week. Mortgage rates continue to climb. It’s not uncommon to hear rates quoted over 8% for a 30-year fixed mortgage. Conventional homebuyers, particularly those who stretch to make a down payment and maximize their home for the payment, are in an increasingly tight bind. To find out more of my weekly housing market insights backed by Altos Research data, watch the video above.
Real Estate News
OCTOBER 10, 2023
Most consumers say it’s a bad time to buy, but for the determined, family members can help them overcome affordability hurdles.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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 10, 2023
CoreLogic ’s Image Analytics is an innovative solution in the appraisal review space. Image Analytics is a fully automated solution that evaluates the content of appraisal photos, highlighting errors and allowing lenders to reduce time, effort and costly manual mistakes within their operations. The CoreLogic team developed Image Analytics to drive innovation in the appraisal review process by reducing time and touch on appraisals, with the goal of helping the industry ease into the upcoming dema
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
OCTOBER 10, 2023
Coldwell Banker has appointed Jason Waugh as president of Coldwell Banker Affiliates, where he will lead the brand and be responsible for strategy, operations and sales for the Anywhere-owned company’s growing network of franchises. Waugh comes to Coldwell Banker following an 18-year stint at Berkshire Hathaway HomeServices and Berkshire Hathaway Home Services Real Estate Professionals.
Real Estate News
OCTOBER 10, 2023
REcolorado adds listings to Alexa, partners with SkySlope; Global MLS integrates earnest money service; FBS adds Local Logic tech; CoreLogic app hits 1M users.
Housing Wire
OCTOBER 10, 2023
Compass continues to expand its agent count. Top-producing, Chicago-based team, Team Pimentel , announced Tuesday that it was leaving Keller Williams North Shore West to join the Robert Reffkin -helmed firm. The team is led by Alyssa Pimentel and consists of eight agents, including Cristina McLain, Iris Gomez, Kimberly Morales, Nathan Griffith, Sam Chapa, Yessenia Acosta and Sofia De Los Santos.
Inman
OCTOBER 10, 2023
Waugh was previously president and CEO of Berkshire Hathaway HomeServices Northwest Real Estate and Berkshire Hathaway HomeServices Real Estate Professionals. His new role will focus on brand strategy, affiliate operations and franchise sales.
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 10, 2023
A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. Successful agents create effective and accurate CMA reports that help their clients make informed decisions.
The Appraiser Coach
OCTOBER 10, 2023
How did you become an appraiser? Maybe you just stumbled upon it. Maybe it was your dream career ever since you knew what appraising was. No matter how you got there, at some point you said, yes this is for me. You decided, this is what I want to do for the rest of my life. What was your why behind that moment? Many people who decide to run their own small business do it in large part because of the flexibility that comes from creating their own schedule and running on their own time.
Housing Wire
OCTOBER 10, 2023
Chicago-based Guaranteed Rate raised agency conforming loan limits to $750,000 on Monday, representing an increase of 3.2% compared to the current limit of $726,200. “We raised the conforming loan limits to $750,000 on our Fannie Mae and Freddie Mac 30-year fixed. This is in anticipation of the loan limit increase for 2024,” Kate Amor, senior vice president and head of enterprise products at G-Rate, said in an interview with HousingWire during the HW Annual conference held Oct. 10-12 i
Inman
OCTOBER 10, 2023
Master the new construction niche, and grow your business by building relationships with builders and developers in your market.
Housing Wire
OCTOBER 10, 2023
Blend Labs announced an integration with MeridianLink Inc. , a software platform for financial institutions and consumer reporting agencies. Lenders using MeridianLink Consumer loan origination software (LOS) will be able to leverage Blend’s unified platform and consumer banking origination software for a fast onboarding and application process for banking, credit card and loan products, Blend said in a news release on Tuesday.
Inman
OCTOBER 10, 2023
From physical safety to psychological and emotional safety, it's time to implement new practices and changed attitudes to the industry, writes safety expert Tracey Hawkins.
Housing Wire
OCTOBER 10, 2023
The Consumer Financial Protection Bureau (CFPB) on Tuesday filed a lawsuit against Freedom Mortgage Corporation for allegedly violating the Home Mortgage Disclosure Act (HMDA) and a 2019 consent order by submitting legally required mortgage loan data that “was riddled with errors.” The suit comes two months after the CFPB issued orders against Freedom and Realty Connect USA Long Island for allegedly engaging in illegal kickbacks, the first 1974 Real Estate Settlement Procedure
Inman
OCTOBER 10, 2023
Both hotels and short-term rental companies are vying for customers seeking out extended stays through new offerings as business travel ramps up across the U.S. this fall.
Housing Wire
OCTOBER 10, 2023
CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 300 real estate and mortgage professionals. In his keynote session to kick off the event, Mohtashami highlighted how the Fed feels increasingly uncomfortable with the speed at which the bond market is rising.
Inman
OCTOBER 10, 2023
Fitch downgraded the commercial real estate firm from a CC to a C, meaning a default or "default-like" process has already begun.
Eyes on Housing
OCTOBER 10, 2023
According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $4.97 trillion (seasonally adjusted annual rate) in August, a decrease of $15.6 billion over the month but $188.8 billion—or 3.9%–higher than August 2022. The monthly decline resulted from a 0.8% drop in nonrevolving credit outstanding that was partially offset by a 1.2% increase in revolving credit.
Inman
OCTOBER 10, 2023
First-time buyers may not be ready to purchase a home right away, but with a little patience you can turn them into lifelong clients. Keller Williams Head of Inclusion and Belonging Julia Lashay Israel offers insights on providing education and information that converts.
Eyes on Housing
OCTOBER 10, 2023
After more than a year of strong gains, average hourly earnings for residential building workers* increased at a relatively slower pace in the past few months. Wage growth has retreated below 3%, from the peak rate of 8% in 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.99 per.
Inman
OCTOBER 10, 2023
The late former U.S. Secretary of State had lived in the Federal-style house since 1968 and originally purchased it for $100,000.
BiggerPockets
OCTOBER 10, 2023
Buying a rental property for just eighty bucks? There’s no way that’s possible.
Inman
OCTOBER 10, 2023
Last week, we asked about the best advice you ever got from a mentor, coach or colleague. This week, we want to hear the worst.
BiggerPockets
OCTOBER 10, 2023
The Chinese real estate crisis could mean much more for the global economy than you think.
Mortgagebroker News
OCTOBER 10, 2023
The suit alleges over 1,000 mobile mortgage specialists did not receive proper vacation and holiday pay
GoForrmz
OCTOBER 10, 2023
GoFormz security features can bolster your cybersecurity initiatives During Cybersecurity Awareness Month, and all year long, the importance of cybersecurity can’t be overstated. With the increasing reliance on digital platforms for data storage and communication, businesses and individuals alike are vulnerable to cyber threats. One often overlooked aspect of cybersecurity is the use of digital forms.
Mortgagebroker News
OCTOBER 10, 2023
Alberta Mortgage Brokers Association chair believes that women’s industry contributions are irreplaceable
Mashvisor
OCTOBER 10, 2023
If you’re in the process of selling your house, the term ‘comparative market analysis’ will definitely come up in your conversation with your real estate agent.
Mortgagebroker News
OCTOBER 10, 2023
Diamond & Diamond’s integration into DLC’s Velocity software is set to speed up mortgage closings significantly
PennyMac
OCTOBER 10, 2023
Whether you’re selling your home to begin a new adventure or refinancing your existing home, getting an appraisal with the value you want is an important hurdle to clear. You may feel that the appraisal process is out of your control, but there are many easy and inexpensive ways to get both yourself and your home ready. We put together a checklist of our top tips below.
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