Housing Wire

AUGUST 27, 2024

Fintech Calque rolled out an affordable version of its Buy Before You Sell program that enables homeowners to remove home sale contingencies and debt-to-income (DTI) constraints. Dubbed the “Contingency Buster,” the product uses its Purchase Price Guarantee (PPG), a binding backup contract that if a homebuyer’s current home does not sell within 150 days, the fintech will purchase it at an agreed-upon price, the company said in a release Tuesday.

Contracts 466

Contracts Real Estate Agent Real Estate Buyers 466

Appraisal Buzz

AUGUST 27, 2024

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Housing Market 416

Housing Market Marketing Appraisal 416

Housing Wire

AUGUST 27, 2024

Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances. At HousingWire ‘s Mortgage Rates Center on Tuesday, the rate for 30-year conventional loans stood at 6.64%, down 5 basis points (bps) from a week ago.

Mortgage 459

Mortgage Real Estate Finance Brokerage 459

Appraisal Buzz

AUGUST 27, 2024

The June 2024 S&P CoreLogic Case-Shiller Indices findings were made public today by S&P Dow Jones Indices (S&P DJI). In June 2024, the primary indicator of U.S. home prices hit a new record high and began to decline. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which takes into account all nine U.S. Census divisions, showed an annual growth of 5.4%, which was less than the 5.9% gain recorded in May.

Marketing 394

Marketing Appraisal 394

Housing Wire

AUGUST 27, 2024

Despite the overwhelming desire among the baby boomer generation for aging in place in their current homes, practical challenges like living costs and elevated home prices appear to be leading more older people to cohabitation with roommates, or “ boommates.” This is according to a column published this week by NextAvenue. “As home prices rise and property taxes and insurance bills soar, it’s become ever more difficult to age in place,” the article stated.

Property Taxes 459

Property Taxes Insurance Housing Market Marketing 459

Real Estate News

AUGUST 27, 2024

The housing market has seen its share of highs and lows in recent years, but appreciation has only moved in one direction: up. Could that be changing?

Housing Market 306

Housing Market Marketing 306

Real Estate News

AUGUST 27, 2024

A new report calls out numerous state associations for buyer agreements that could hurt consumers or break the new rules.

Buyers 299

Buyers 299

Housing Wire

AUGUST 27, 2024

The Federal Housing Administration (FHA) announced late last week that the previously detailed updates and expansions to its 203(k) Rehabilitation Mortgage Insurance Program will be incorporated into updates for the FHA Connection (FHAC) portal. This system provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S.

Renovations 448

Renovations Modernization Insurance Finance 448

Real Estate News

AUGUST 27, 2024

Watch the conversation with an agent who ditched cooperative compensation last year — and is getting deals done. See how he talks to sellers (and buyer agents).

Sellers 264

Sellers Agents Buyers 264

Housing Wire

AUGUST 27, 2024

In my last article, I touched on three of the challenges we had to overcome to achieve our growth goals. Now, let’s dive in and examine some of the things my amazing team at Coldwell Banker Premier was able to accomplish to help us along our path. None of this happened overnight, so don’t beat yourself up and think that this is an impossible feat. Infrastructure The initial goal I was given was to essentially double the size of our company.

Real Estate 442

Real Estate Training Agents Tools 442

Appraisal Buzz

AUGUST 27, 2024

In a new analysis by Redfin , 85.7% of U.S. homeowners with mortgages have an interest rate below 6%, down from 90.6% at the start of last year, and a record high of 92.8% in mid-2022. This means even more than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a phenomenon called the “lock-in effect.

Real Estate Agent 243

Real Estate Agent New Listings Home Value Mortgage 243

Housing Wire

AUGUST 27, 2024

Although cooperative compensation or commission information is no longer available on many MLSs after the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement went into effect Aug. 17 , some MLSs have allowed agents to continue indicating whether their seller is willing to consider concessions. The Bay East Association of Realtors , located in the San Francisco Bay Area, is taking things a step further by removing its “Concessions Considered: Ye

Sellers 433

Sellers Realtors Legal Agents 433

Appraisal Buzz

AUGUST 27, 2024

Federal Home Loan Bank of Pittsburgh President and CEO David G. Paulson The Federal Home Loan Bank of Pittsburgh (FHLBank) has announced that David G. Paulson , current COO, will become President and CEO effective October 1, 2024. Winthrop Watson will become Executive Senior Advisor, and his previously announced retirement date of December 31, 2024, remains unchanged.

Investing 221

Investing Development Insurance Government 221

Housing Wire

AUGUST 27, 2024

Chris Bruser, a reverse mortgage professional in Florida , agreed with an assertion that most people do not dream of entering the reverse mortgage business when they’re kids. But success can have a major impact on young people when they’re exposed to what it can look like, and this much was true for Bruser as a teenager when he worked at a country club as a golf caddy.

Mortgage 420

Mortgage Business Clients Finance 420

Appraisal Buzz

AUGUST 27, 2024

U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is clearly slowing, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. The index’s 20-city and 10-city composites reported monthly increases of 0.4% and 0.5%, respectively. Year-over-year, home prices – which are now at an all-time high – were up 5.4%.

Appraisal 195

Appraisal Marketing 195

Housing Wire

AUGUST 27, 2024

Mortgage market conditions presented over the past two years have muted the effectiveness of the monetary policy tightening by saving $600 billion for homeowners, accounting for about 2% of personal consumption spending since 2022, according to a report by two Swiss Re Institute senior economists. “A dollar not spent on mortgage payments is a dollar free to spend elsewhere.

Mortgage 352

Mortgage Marketing Finance 352

Inman

AUGUST 27, 2024

In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer.

Law 193

Law Contracts Buyers Agents 193

Eyes on Housing

AUGUST 27, 2024

A majority of single-family homes started in 2023 continued to have two full bathrooms according to the latest release of the Census Bureau’s Survey of Construction. According to the latest data, 64.7% of new single-family homes started in 2023 had two full bathrooms, 23.8% had three full bathrooms, 6.

Construction 124

Construction 124

Inman

AUGUST 27, 2024

With confusion around the new commission rules, compliance expert Summer Goralik unpacks whether listing agents should verify signed buyer-broker agreements before showing a property.

Buyers 187

Buyers Agents Realtors Brokerage 187

BiggerPockets

AUGUST 27, 2024

College football is back, so we found the 10 best markets to invest in for short-term rentals out of 100+ college towns.

Marketing 91

Marketing Investing Housing Market 91

Inman

AUGUST 27, 2024

As real estate's new reality takes shape, buyer agents are exploring new ways to streamline processes and communicate effectively with clients, The Medford Team CEO Carl Medford writes.

Real Estate 187

Real Estate Buyers Clients Agents 187

Eyes on Housing

AUGUST 27, 2024

Analysis of the history of data from the American Community Survey (ACS) reveals dramatic shifts in the makeup of the construction labor force over the last two decades. While the overall count of workers in the industry now approaches the historic highs of the housing boom of 2005-2006, the share of tradesmen declined from 71%.

Construction 88

Construction Marketing 88

Inman

AUGUST 27, 2024

Touted as faster and more affordable, Calque's new "Contingency Buster" product is tailored to homeowners who don't need to tap their equity when buying their next home, executives say.

Buyers 181

Buyers Tools Mortgage 181

Mortgagebroker News

AUGUST 27, 2024

Rising defaults lead to more distressed sales, but buyers struggle to find deals

Buyers 80

Buyers Real Estate Sellers 80

Inman

AUGUST 27, 2024

Find out what Miami Beach luxury agent Anna Sherrill has learned as she's grown and what she'd tell a new agent just starting out in the business.

Clients 179

Clients Agents Business Development 179

Mortgagebroker News

AUGUST 27, 2024

Scotiabank, BMO announce third-quarter results

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79

Inman

AUGUST 27, 2024

Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires.

Buyers 176

Buyers Mortgage Tools 176

Mortgagebroker News

AUGUST 27, 2024

Ex-CMHC chair outlines extensive work needed to bring longer mortgage terms to the Canadian market

Mortgage 78

Mortgage Marketing 78

Inman

AUGUST 27, 2024

How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped.

Sellers 176

Sellers Housing Market Buyers Marketing 176

Eppraisal

AUGUST 27, 2024

When it comes to boosting the value of your home, every detail counts, and flooring is one of the most critical aspects that potential buyers notice. Among the various flooring options available, carpeting and hardwood are two of the most popular choices. Both have their advantages, but how do they compare in terms of adding value to your home? Let's explore the pros and cons of each to help you make an informed decision.

Home Value 69

Home Value Design Investing Real Estate 69

Inman

AUGUST 27, 2024

Real estate’s ultimate Texas gathering, Inman Connect Austin, touches down in the Lone Star state in October with a packed roster of industry heavyweights. Here's a preview of the guest list.

Real Estate 174

Real Estate 174

Houston Properties

AUGUST 27, 2024

Let the #1 real estate team in Houston help you relocate to the Bayou City. See the best neighborhoods near the Chevron offices in Houston.

Real Estate 36

Real Estate 36

Inman

AUGUST 27, 2024

The move follows a public rift between the CEO of Tesla and the maker of ChatGPT. Musk had previously been paying rent for OpenAI's headquarters.

Technology 173

Technology Brokerage Agents Marketing 173

AmeriMac

AUGUST 27, 2024

Mortgage underwriting is an essential step in getting a mortgage loan. In this phase, your financial situation, credit history, and employment status are closely examined. The underwriter looks at the risk of lending you a specific mortgage amount based on your creditworthiness and the property’s value. They ensure the loan meets the lender’s rules and check all needed financial documents to make a smart decision.

Appraisal 36

Appraisal Mortgage Lending Market Value 36