Housing Wire

MARCH 27, 2024

As first-time homebuyers contemplate their housing options, the financial calculus between renting and owning is essential. Against the backdrop of elevated mortgage rates and soaring home prices , discerning the evolving financial dynamics between renter-friendly and buyer-friendly markets is also paramount. A report released Tuesday by Realtor.com highlights a significant disparity in costs between buying and renting a starter home across the country’s 50 largest metropolitan areas.

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Marketing Buyers Mortgage Housing Market 493

Sacramento Appraisal Blog

MARCH 27, 2024

It’s been a heated week of conversation in light of the NAR lawsuit, and one part that feels misunderstood or even controversial is how appraisers might handle concessions ahead. Let’s talk about it. Any thoughts? UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 […] The post Do appraisers deduct value if there are concessions?

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Appraisal Realty Real Estate Marketing 382

Housing Wire

MARCH 27, 2024

The National Association of Realtors (NAR) urged the U.S. Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price.

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Buyers Real Estate Agent Inventory Real Estate 476

Appraisal Buzz

MARCH 27, 2024

In this week’s episode, host Hal Humphreys speaks with Toni Moss, CEO of AmeriCatalyst LLC and Speaker on Climate Change and its effects on the mortgage industry. Moss discusses her experience in the real estate industry, her research and findings on extreme climate conditions, and how these impact home insurance, mortgages, and real estate at large.

Mortgage 365

Mortgage Real Estate Insurance Appraisal 365

Housing Wire

MARCH 27, 2024

Pre-pandemic, Jacksonville’s housing market was propelled by strong tailwinds: affordability relative to the rest of the Sunshine State, Florida’s lack of income tax and the quality of life benefits of having a river and oceanfront, to name a few. Those advantages, coupled with cheap land, made the city a favorite for homebuilders like DR Horton and Lennar that brought plenty of new inventory to market.

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Brokerage Realty Real Estate Inventory 475

Real Estate News

MARCH 27, 2024

State Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew existing policies starting in July.

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Insurance 363

Real Estate News

MARCH 27, 2024

Even as settlements continue to roll in, a panel of judges will hear arguments tomorrow about merging the remaining buyer agent commission lawsuits.

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Agents Buyers 299

Housing Wire

MARCH 27, 2024

Reverse mortgage software and calculator provider Ibis Software announced this week that it appointed Robert Sivori, a reverse mortgage industry veteran, to its board of directors. Sivori’s role became effective March 1, according to an announcement distributed to RMD by company president Jerry Wagner. “Bringing a wealth of experience from the reverse mortgage industry, Sivori joins Ibis Software as a director, poised to contribute significantly to the company’s strategic growth initiatives,” th

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Development Investing Mortgage 459

Real Estate News

MARCH 27, 2024

The 35,000 member multiple listing service calls the DOJ’s statement of interest an “ill-informed” interpretation of its compensation practices.

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Housing Wire

MARCH 27, 2024

Clear Capital , a real estate valuation technology company, has broadened its collaboration with data management platform Cherre , the companies announced on Wednesday. Under the expanded partnership, Cherre’s customers will gain access to ClearAVM, Clear Capital’s automated valuation model (AVM), through Cherre’s advanced programming interface (API).

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Valuation Investors Real Estate Investing 459

Real Estate News

MARCH 27, 2024

Brokerages and agents need to communicate exactly how they serve buyers, just as they do for sellers — and what value those services bring to clients.

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Buyers Agents Brokerage Sellers 264

Housing Wire

MARCH 27, 2024

New York-based multichannel lender US Mortgage Corporation is expanding its efforts in the reverse mortgage space, illustrating its focus on growth. The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. US Mortgage recently surpassed 30 years in business. The expansion of its dedicated reverse lending division, which has been active for more than a decade, follows on other recent trends that have seen mo

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Business Mortgage Loan Officers Training 459

Inman

MARCH 27, 2024

The estate sits alone on its own 2.3-acre man-made island, and went into contract on Monday. The negotiated price and the buyer's identity are still unknown.

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Contracts Buyers 197

Housing Wire

MARCH 27, 2024

The Appraisal Foundation this week named Kelly Davids, former superintendent of the Ohio Division of Real Estate and Professional Licensing, as its new president. Davids, who has been a foundation staff member since 2013 as a senior vice president, is also a former foundation trustee and has served various roles in Ohio politics over the past 40 years.

Appraisal 458

Appraisal Contracts Real Estate Valuation 458

Inman

MARCH 27, 2024

Governor Ned Lamont on Wednesday proclaimed March 27 "William Raveis Day" in Connecticut as the brokerage celebrated 50 years of service with an unforgettable anniversary bash.

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Brokerage 196

Housing Wire

MARCH 27, 2024

HomeServices of America , the remaining defendant in the Sitzer/Burnett commission lawsuit , suffered another blow on Tuesday. In a filing, Judge Stephen Bough, who oversaw the Sitzer/Burnett trial in Oct. 2023, denied the HomeServices defendants’ motion to decertify the class. HomeServices of America first filed its motion to decertify the class in early January 2024.

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Law Sellers Realtors Contracts 458

Appraisal Buzz

MARCH 27, 2024

Mortgage application volume decreased 0.7% during the week ended March 22, despite a slight decrease in mortgage rates that brought the average rate for a 30-year to 6.93%, down from 6.97% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances fell 2% compared with the previous week and were down 9% compared with than the same week one year ago.

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Mortgage Inventory Appraisal Marketing 195

Housing Wire

MARCH 27, 2024

It’s no secret that forging new connections at in-person events can help to grow your business. Nothing sets you up for success like learning the habits and best practices of more experienced agents, brokers and other housing professionals. While your online presence is crucial to your success, each real estate event or conference on our list can help you stay current with the latest market, tech and industry trends, build your skills and expertise, and expand your referral network.

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Real Estate Realtors Agents Real Estate Agent 450

Appraisal Buzz

MARCH 27, 2024

PERSON OF THE WEEK: Mortgage lenders are struggling in this challenging market. As a result, many are turning their focus on their existing customers and looking for ways to expand and customize their offerings. But how can mortgage lenders looking to tailor their offerings gain a more comprehensive view of their customers’ needs? How can they personalize their offerings so as to meet the needs each borrower?

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Mortgage Business Clients Appraisal 195

Housing Wire

MARCH 27, 2024

Snakes. Vultures. Con artists. Liars. These are all untrue and offensive words that come up when searching “Realtors” or “Real estate agents.” And before getting my real estate license in 2009, I had the same opinion, too. But even with all the negative nouns used to describe some real estate agents, the majority of real estate agents are professional and valuable.

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Real Estate Agent Real Estate Agents Sellers 353

George Dell

MARCH 27, 2024

“A new valuation modeling paradigm” are the words used by the late Dr. Marv Wolverton. He is the author of the Appraisal Institute’s book on statistics for appraisers. He created the term in a response to my peer-reviewed Appraisal Journal article: “Common Statistical Errors and Mistakes: Valuation and Reliability.” The article itself can be summed […] The post A New Appraisal Approach?

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Appraisal Valuation 195

Inman

MARCH 27, 2024

With a key inflation report due Friday, mortgage rates and long-term Treasury yields have retreated to levels not seen in two weeks after Fed signals it could ease up on "quantitative tightening.

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Mortgage Marketing 194

Eyes on Housing

MARCH 27, 2024

As part of the recently published HBGI, new NAHB analysis of residential permit data shows that about a quarter of single-family construction takes place in coastal counties. Coastal counties, as defined by U.S. Census Bureau, are counties that are adjacent to coastal water or a territorial sea.

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Construction 147

Inman

MARCH 27, 2024

The Baltimore homeowner succumbed to cancer before she could celebrate a landmark appraisal bias win. She's part of a long legacy of Black homeowners who've died while fighting for their rights.

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Appraisal Valuation Lending Mortgage 191

BiggerPockets

MARCH 27, 2024

The media tends to side with tenants and take a negative view of landlords overall.

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Landlords Tenants 94

Inman

MARCH 27, 2024

Explore how to transcend discounting and enhance value in response to the NAR settlement with strategic consultant Chris Pollinger.

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Clients Buyers Agents 187

BiggerPockets

MARCH 27, 2024

With the college sports season’s thrilling climax, this is also an exciting time for real estate investors who own rentals in college towns that are being given a high profile.

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Marketing Real Estate Investors Housing Market 92

Inman

MARCH 27, 2024

Glennis Beacham founded the former indie brokerage in 2006 after growing her career over the course of more than two decades to become one of Atlanta's top luxury agents.

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Brokerage Agents 186

BiggerPockets

MARCH 27, 2024

For business travel to be tax-deductible, you need to leave your tax home. This is where you ordinarily conduct business, and you typically have to travel far enough to warrant an overnight stay (100 miles is a good rule to follow).

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Business 92

Inman

MARCH 27, 2024

Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday.

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Buyers Marketing Mortgage 185

BiggerPockets

MARCH 27, 2024

There’s a lot that goes into house flipping. You need to choose the right market, negotiate a competitive price, work with the best contractors, and get an agent to help you sell for a profit. On top of that, a defined accounting strategy for house flipping is critical to your long-term success. Here’s how to create one.

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Agents Marketing 92

Inman

MARCH 27, 2024

The critical difference between survival and downfall during turbulent times, such as the commission lawsuits, is effective crisis management, Keller Williams' Julia Lashay Isreal writes.

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Brokerage Agents 183

BiggerPockets

MARCH 27, 2024

This article is presented by DeRosa Group. Read our editorial guidelines for more information. Real estate investing, particularly in the multifamily sector, is both a rewarding and complex venture.

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Real Estate Investing 92

Inman

MARCH 27, 2024

Lender revises appraisal policies and practices in wake of lawsuit by Baltimore couple who claimed their home was undervalued by more than $250,000 because they were Black.

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Appraisal Valuation Lending Mortgage 181