Housing Wire
SEPTEMBER 19, 2023
Have we finally hit the limits of the massive boom in 5-unit apartment construction that has been a positive driver of jobs and the fight against inflation since January of 2021? Tuesday’s housing starts report was a mixed bag: housing starts and completions fell with a big hit to 5-unit housing starts. However, housing permits continued to slowly increase, as we’ve seen over the last several months.
Sacramento Appraisal Blog
SEPTEMBER 19, 2023
There is some serious pent-up demand building. The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. And speaking of building, new construction has been glowing this year. Let’s talk about it. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale […] The post Pent-up demand & glowing new construction first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
SEPTEMBER 19, 2023
Housing starts fell to a seasonally adjusted annual rate of 1,283,000 in August, according to the U.S. Census Bureau. It’s a 11.3% drop from the revised July estimate of 1,447,000 and 14.8% below the August 2022 rate of 1,505,000. On the bright side, permits for future construction recorded a 6.9% gain from July, indicating some builders might be more hopeful that things will turn around soon.
Real Estate News
SEPTEMBER 19, 2023
Sexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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
SEPTEMBER 19, 2023
You’ve found a house for your buyer or a buyer for the home you’re selling. The negotiations were successful, and a deal has been reached. A home inspection hasn’t yielded any problems, so nothing is standing in the way of closing, right? Not necessarily. One of the final hurdles to clear is the appraisal , and it has the power to leave a deal dead in the water.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 19, 2023
Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it did last year at this time. This is alarming because this was the moment last year when the market turned south. This week was the biggest week of inventory increase all year, with inventory growing by over 9,000 single-family homes.
Real Estate News
SEPTEMBER 19, 2023
The multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.
Housing Wire
SEPTEMBER 19, 2023
The housing market faces renewed headwinds with mortgage rates settling above 7%. Still, the downside risk to home sales is limited as more sales are being driven by life events, according to Fannie Mae ’s Economic and Strategic (ESR) Group. “New home sales were surprisingly strong in the first half of the year, due partly to homebuilder rate buydowns , which become more expensive when mortgage rates rise,” Fannie Mae’s ESR group said in its latest commentary.
The Appraiser Coach
SEPTEMBER 19, 2023
When you have a bobble-head replica of yourself in a blue button-down shirt (it was a gift) and you show up to work every day twinning with it, the people.
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
SEPTEMBER 19, 2023
Alterra Home Loans , a Nevada headquartered retail lender and a Panorama Mortgage Group company, has promoted Fernando Ospina to president. Ospina, who has worked for the firm since 2018, formerly served as Alterra’s SVP of national production for the last year. He originated more than $46 million in loans in 2022, the company said. Ospina will oversee the firm’s strategic direction, operational activities, and growth initiatives while ensuring Alterra provides accessible and tailored mortgage s
Realtor
SEPTEMBER 19, 2023
Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals.
Housing Wire
SEPTEMBER 19, 2023
Over the past year, the pace of rent increases has cooled significantly , drawing the market closer to its pre pandemic levels. U.S. single-family rent increases in July 2023 registered a 3.1% year-over-year gain, down from 3.3% in June , CoreLogic’s latest Single-Family Rent Index (SFRI) showed. The index , which analyzes single-family rent price changes nationally and across major metropolitan areas, dropped on an annual basis for the 15th consecutive month in July.
Inman
SEPTEMBER 19, 2023
Employees of the trade group demanded the departures of NAR CEO Bob Goldberg, President Tracy Kasper, Chief Legal Officer Katie Johnson and head of HR Donna Gland on Monday.
Housing Wire
SEPTEMBER 19, 2023
The Real Brokerage continues to add to its agent count. Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday. Led by Carrie Théard and Sean Hettich, District South’s 40 agents serve home buyers and sellers in Louisiana’s Acadiana region. All 40 of Théard and Hettich’s agents will be joining Real, bringing the firm’s agent count to over 12,000.
Inman
SEPTEMBER 19, 2023
Intercontinental Exchange Inc. teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs.
Housing Wire
SEPTEMBER 19, 2023
The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of legal requirements lenders must adhere to when using artificial intelligence (AI) or “other complex models” when making decisions about the creditworthiness of borrowers. “The guidance describes how lenders must use specific and accurate reasons when taking adverse actions against consumers,” the CFPB said in the announcement.
Inman
SEPTEMBER 19, 2023
Most real estate tech companies focus on making their customers happy, but the CINC team is hyperfocused on making their clients more MONEY.
Housing Wire
SEPTEMBER 19, 2023
CubiCasa will be providing its user-friendly floor plan creation tools to the 110,000 members of California Regional MLS (CRMLS), the largest MLS in the United States. With this new partnership, CRMLS and CubiCasa say they will deliver more value to consumers through digital floor plans, and help create a more organized and transparent real estate market. “We strongly believe that floor plans create a better home buying experience for consumers and provide valuable data to the MLS compilat
Inman
SEPTEMBER 19, 2023
The real estate broker, investor, HGTV star and Inman Influencer shared her thoughts on a wide range of topics, from real estate to personal hobbies and more. Here's what she revealed to Inman.
Housing Wire
SEPTEMBER 19, 2023
Chris Lim is stepping down as president of Christie’s International Real Estate , according to an announcement on Tuesday. The brokerage noted that Lim will remain at Christie’s as a senior advisor and global brand ambassador, working to expand the relationship between the real estate business and the auction house, among other duties. Lim’s former role will be divided between Natalie Hamrick and Kevin Van Eck, who will lead the firm’s operations in the Americas.
Inman
SEPTEMBER 19, 2023
DPP Real Estate has more than 175 agents and specializes in architecturally significant properties. Moving forward, the firm will be known as DPP @ Compass.
Housing Wire
SEPTEMBER 19, 2023
Grid151 , a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign , an eClosing technology platform, the company announced Tuesday. As a result, Grid151, which is owned by the holding company of Westcor Land Title Insurance Company , will integrate Simply Secure Sign into GridBase, its universal API for lender and title collaboration.
Inman
SEPTEMBER 19, 2023
In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled "shutdowns, labor shortages and supply chain issues," according to U.S. Census data.
Housing Wire
SEPTEMBER 19, 2023
As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. I would love to say they all went well, but they didn’t. Back before iron-clad earn outs and claw-back clauses, I witnessed a time when two days after an acquisition announcement, the entire agent population walked out with the managers.
Inman
SEPTEMBER 19, 2023
Your clients need a lot more than your enthusiasm to act on their ADU dream, writes ADU expert Kendyl Young. They need facts, resources and a patient ear to listen and help overcome their fears.
Housing Wire
SEPTEMBER 19, 2023
BeachesMLS ’ and MIAMI REALTORS SEFMLS , South Florida ’s two largest Multiple Listing Services (MLSs), have begun providing complete listing data to Nestfully , a public search portal sourced directly from the MLS, the company announced last Wednesday. Created in the first quarter of 2023, Nestfully was initially fed by three MLSs: California Regional MLS (CRMLS), Bright MLS and REcolorado.
Eyes on Housing
SEPTEMBER 19, 2023
Higher mortgage rates averaging above 7% put a damper on single-family production in August, as builders also continue to face supply-side challenges in the form of elevated construction costs, a lack of skilled labor and a shortage of buildable lots. Led by a sharp decline in multifamily production, overall housing starts declined 11.3% to a seasonally adjusted annual rate of.
Housing Wire
SEPTEMBER 19, 2023
Title premium volume continued to trend downward during the second quarter of 2023 as high mortgage rates and low housing inventory continued to plague the real estate industry. During the second quarter, the title industry generated $3.91 billion in title insurance premiums, down from $6.21 billion from a year ago, according to the American Land Title Association’s Market Share Analysis , released Monday.
Inman
SEPTEMBER 19, 2023
Natalie Hamrick and Kevin Van Eck, vets of Christie's and @properties, will take up Lim's former role as co-presidents. Nidhal Charfi, formerly of Compass, is also joining as vice president of affiliate expansion, Inman has learned exclusively.
Housing Wire
SEPTEMBER 19, 2023
One of the challenges in discussing what the mortgage industry needs to do next is figuring out what’s actually coming next. In August, when interest rates topped 7% for the first time in 22 years, there was a rash of articles featuring leading industry economists predicting what interest rates would do for the rest of the year and into 2024. The consensus was… there really was no consensus.
BiggerPockets
SEPTEMBER 19, 2023
Completing ten real estate deals in only eighteen months might seem ambitious for a rookie investor, but today’s guest had no choice after experiencing a MAJOR loss of income.
Mortgagebroker News
SEPTEMBER 19, 2023
Some of Canada's best mortgage lenders who are modernizing the lending process and prioritizing seamless operations, as judged by their broker partners
Expert insights. Personalized for you.
534 
Let's personalize your content