Housing Wire
SEPTEMBER 18, 2024
For those of us in the mortgage world, the spring and summer market may be showing some signs of slowing down, and what a ride this market has been. If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. You deserve a pat on the back if you are still standing because it has been a wild ride.
Appraisal Buzz
SEPTEMBER 18, 2024
In this episode, we welcome back Ernie Durbin, Chief Valuation Officer at Voxtur, and a frequent guest on the Appraisal Buzzcast. Ernie has just wrapped up a highly insightful 3-part series on the upcoming UAD changes, and he’s here to share some key takeaways for those who might have missed it. We dive into the potential impact of these updates on appraisers, the learning curve involved, and whether these changes could ultimately simplify your work.
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Housing Wire
SEPTEMBER 18, 2024
The Federal Reserve lowered its benchmark interest rate on Wednesday by 50 basis points (bps) to a range of 4.75% to 5%, turning an important corner in the central bank’s fight against inflation. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. With both inflation and the labor market cooling, economists and housing professionals alike had expected the Fed to cut borrowing costs in September, with the
Appraisal Buzz
SEPTEMBER 18, 2024
For the first time in four years, the Federal Reserve has slashed its benchmark interest rate, a move that will force lower borrowing costs for consumers and businesses. The rate cut of a full half-point to a new range of 4.75% to 5.0% was announced by Federal Reserve Chair Jerome H. Powell at the conclusion of today’s Federal Open Market Committee (FOMC) meeting.
Housing Wire
SEPTEMBER 18, 2024
Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits. In a document filed with the Securities and Exchange Commission on Monday, Fathom notified shareholders of its decision to settle the antitrust claims related to the Siter/Burnett suit. The agreement settles all related claims nationwide and Fathom noted that the settlement is not an admission of liability or an acknowledgment of the validity of any of the suit’s
Sacramento Appraisal Blog
SEPTEMBER 18, 2024
We’ve been waiting for the Fed to cut rates, and it FINALLY happened today. That’s positive news, but let’s unpack what that means. Also, let’s talk about the problem of days on market. Any thoughts? UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/23/24 SAFE Credit Union (details TBA) 10/29/24 Orangevale MLS Meeting 11/19/24 Downtown […] The post Rates cuts & you might not be the problem first appeared on Sacramento Appraisal Blog.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Appraisal Buzz
SEPTEMBER 18, 2024
As we approach another installment of the annual Five Star Conference and Expo , MortgagePoint is proud to continue our tradition of recognizing and honoring the extraordinary accomplishments of our industry’s women executives. Each year, industry colleagues nominate their peers across five categories, and those nominees are then narrowed down further.
Housing Wire
SEPTEMBER 18, 2024
Elder financial exploitation (EFE) is a common form of elder abuse that impacts as much as 10% of older Americans each year. But to better combat its growing commonality, more information is needed — particularly for vulnerable communities — according to senior advocacy organization AARP. “While financial exploitation can occur in any community, gaps in data exist in understanding the impact on older adults within certain communities that historically have been discriminated against,” the organi
Appraisal Buzz
SEPTEMBER 18, 2024
The September 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group states that existing home sales are not expected to pick up significantly through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, despite a significant decline in mortgage rates and improved supply in some parts of the country.
Housing Wire
SEPTEMBER 18, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Here’s our complete guide to sending and receiving real estate referrals and earning more money this year. We’ll break down everything you need to know about real estate referral fees, including how they work, typical referral fee rates, how to draft and manage referral agreements, and how to develop a successful referral network.
Appraisal Buzz
SEPTEMBER 18, 2024
Data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 13 show that the number of mortgage applications increased 14.2% from one week earlier, on a seasonally adjusted basis. On an unadjusted basis, the index increased 26% compared with the previous week. The refinance index increased 24% from the previous week and was 127% higher than the same week one year ago.
Housing Wire
SEPTEMBER 18, 2024
After Hanna Holdings , the parent company of Howard Hanna Real Estate Services, filed a motion to dismiss , the Davis commission lawsuit plaintiff could have either filed a reply brief or an amended complaint. On Monday, the court got its answer, with the plaintiff’s counsel filing its first amended complaint. The suit still takes aim at the National Association of Realtors’ Participation Rule, which required listing brokers to make a blanket offer of compensation to buyer brokers in order to li
Appraisal Buzz
SEPTEMBER 18, 2024
Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds rate by 0.50 percentage points to a range of 4.75% to 5%. “Recent indicators suggest that economic activity has continued to expand at a solid pace,” the FOMC writes in its statement. “Job gains have slowed, and the unemployment rate has moved up but remains low.
George Dell
SEPTEMBER 18, 2024
Should appraisal practice go back to original historical principles? Yes! Is the appraisal “body of knowledge” now well established — and finally in place? We here have long campaigned for the profession to “get with it” and start teaching modern methods. Modern methods include artificial intelligence, data science, and critical thinking processes needed to supplement […] The post Appraisal Back to the Future?
Appraisal Buzz
SEPTEMBER 18, 2024
Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according a report from Fannie Mae’s Economic and Strategic Research (ESR) Group. Recent data, including softness in pending home sales and purchase mortgage applications, continue to suggest limited home-purchase demand at current affordability
Housing Wire
SEPTEMBER 18, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Virtual open houses are a unique way to help you stand out from other agents as a tech-savvy marketer and can help get your listings in front of hundreds (possibly thousands) of potential buyers online. They’re also much less intrusive for homeowners — perfect for sellers who don’t want tons of people walking through their homes on a Sunday afternoon.
Appraisal Buzz
SEPTEMBER 18, 2024
OceanFirst Bank will pay $15 million to settle allegations brought by HUD and the DOJ that it engaged in redlining practices by restricting access to credit and mortgage lending services in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick, N.J., area. “Redlining is not only illegal, but it unfairly closes doors of economic opportunity for thousands of families of color in this country,” says Adrianne Todman, acting secretary for HUD, in a statement.
Real Estate News
SEPTEMBER 18, 2024
The board took an aggressive approach with its 50-basis point cut, and signaled that two more cuts are coming this year.
George Dell
SEPTEMBER 18, 2024
There is no excerpt because this is a protected post. The post Protected: Next Week’s blog appeared first on George Dell, SRA, MAI, ASA, CRE.
Real Estate News
SEPTEMBER 18, 2024
Housing starts and completions rose year-over-year, and builders expressed more confidence this month — but a significant housing shortfall remains.
Inman
SEPTEMBER 18, 2024
Clelia Warburg Peters, Era Ventures' founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation.
Real Estate News
SEPTEMBER 18, 2024
A recent survey from Century 21 found that buyers rank community higher than the home itself, and they rely on their agents to provide local insights.
Inman
SEPTEMBER 18, 2024
With prices rising, it's becoming standard operating procedure for big lenders like Rocket to help homebuyers avoid jumbo loan pricing by getting a jump on FHFA's official announcement.
Appraiserblogs
SEPTEMBER 18, 2024
Ultimately, the United Appraisers Network would represent a bold and progressive alternative to the Appraisal Institute… The recent firing of Cindy Chance, the CEO of the Appraisal Institute (AI), has ignited widespread outrage and a profound sense of distrust among appraisers nationwide. In the wake of this controversial decision, discussions have emerged on industry forums about the potential creation of a new appraisal organization that would better serve the needs and interests of all appra
Inman
SEPTEMBER 18, 2024
A month into the NAR settlement era, the Inman Intel Index is tracking the impact on buyers, sellers, agents and brokerages. Add your voice to real estate's most ambitious monthly survey today.
Eyes on Housing
SEPTEMBER 18, 2024
After its first post-COVID rate hike enacted more than two years ago, the Fed’s Federal Open Market Committee (FOMC) announced at the conclusion of its September meeting a significant reduction for the short-term federal funds rate. Tight monetary policy was undertaken to fight the worst bout of inflation in four decades. Today’s policy action marks.
Inman
SEPTEMBER 18, 2024
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may already be priced in to mortgage rates.
BiggerPockets
SEPTEMBER 18, 2024
Accurate accounting and meticulous bookkeeping are vital to maintaining a profitable rental operation, especially when STRs are even more scrutinized than typical rentals.
Inman
SEPTEMBER 18, 2024
If you want to be a better negotiator, pace yourself, come prepared with examples in hand, and collaborate to arrive at the best possible decision for your clients, trainer Bernice Ross writes.
BiggerPockets
SEPTEMBER 18, 2024
Visit PassivePockets, your resource for passive investing with syndications. Do you want to get into real estate without managing rentals and dealing with tenants?
Inman
SEPTEMBER 18, 2024
Former Keller Williams agents had filed suit in recent months over the company's now-abandoned plans to slash profit sharing for agents who jumped ship for rival brokerages before April 2020.
Housing Wire
SEPTEMBER 18, 2024
Dawn Pfaff is a free-market evangelist, and that informs how she runs MyState MLS. The privately owned multiple listing service has taken a laissez faire approach since its launch in 2009, as it promises no fees and fewer rules than MLSs owned by Realtor associations. This manifesto has helped MyState develop a national footprint with listings for all types of properties, including single-family homes, manufactured homes, newly built homes, foreclosures and even land.
Inman
SEPTEMBER 18, 2024
Even before the commission crunch, real estate agents have struggled to make ends meet. Through brokerage partnerships, Upfront aims to ease access to credit for working agents.
Lamacchia Realty
SEPTEMBER 18, 2024
Dan Delosh named August 2024 Employee of the Month Behind the incredible REALTORS® of Lamacchia Realty is a team of over 90 staff members that work tirelessly to support, propel, and operate the independently owned brokerage. Each and every staff member plays an integral role in the continued success of the quickly growing company. Lamacchia Realty views its staff members in the highest regard, fostering the values the full service, value-based brokerage prides itself on.
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