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

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Inventory Mortgage Tools Marketing 501

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.

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Investors Mortgage Buyers Real Estate 435

Housing Wire

SEPTEMBER 18, 2024

After falling in July, housing starts were back up again in August, according to data released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD). In August, housing starts rose to a seasonally adjusted annual rate of 1.356 million, up 2.9% month over month and up 3.9% compared to a year ago. The single-family sector was the sole source of thus increase, as multifamily starts were down 6.7% monthly and 6.2% annually to a rate of 333,000 start

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Marketing Construction Development Housing Market 488

Appraisal Buzz

SEPTEMBER 18, 2024

According to statistics from the August 2024 Builder Application Survey (BAS) by the Mortgage Bankers Association (MBA), there was a 4.4% rise in mortgage applications for the purchase of new homes as compared to the previous year. There was no decline in applications when compared to July 2024. There is no adjustment made for normal seasonal variations in this alteration.

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Construction Mortgage Buyers Appraisal 409

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.

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Legal Realtors Agents Brokerage 482

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.

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Clients Development Business Training 397

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.

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Development Insurance Mortgage Inventory 367

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

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Finance 467

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.

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Real Estate Appraisal Marketing Housing Market 331

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.

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Mortgage Loan Officers Business Tools 459

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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Chief Valuation Officer Appraisal Valuation Real Estate 326

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

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Brokerage Legal Fees Realty Legal 446

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.

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Housing Wire

SEPTEMBER 18, 2024

CMG Home Loans , the retail lending division of CMG Financial , has its eyes on growing its dedicated reverse mortgage segment. In addition to recently making a key operations hire in an effort to expand its capacity to originate and fund loans, market conditions — including an expanding Home Equity Conversion Mortgage (HECM) for Purchase market — present a unique opportunity for the company.

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Real Estate Agent Buyers Real Estate Retail 444

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.

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Buyers Agents 290

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

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Real Estate Realtors Buyers Agents 424

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.

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Construction 264

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.

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Open Houses Agents Real Estate Sellers 343

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.

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Real Estate 195

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.

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Mortgage Government Appraisal Marketing 195

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.

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Mortgage Marketing 195

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.

Development 195

Development Marketing Appraisal Mortgage 195

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?

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Appraisal Modernization Marketing 195

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

Construction 195

Construction Insurance Inventory Development 195

Inman

SEPTEMBER 18, 2024

There are now more than two dozen named plaintiffs in an antitrust case against the parent company of Howard Hanna, several of them also plaintiffs in other buyer commission suits.

Buyers 189

Buyers Brokerage 189

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.

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Lending Home Improvement Investing Mortgage 195

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.

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Tools Buyers Mortgage 189

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.

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Marketing 178

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.

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Agents Real Estate Agent Brokerage Real Estate 188

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.

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Appraisal 150

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.

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Brokerage Agents 183

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

Appraisal 144

Appraisal 144

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.

Brokerage 183

Brokerage Real Estate Sellers Agents 183

Eyes on Housing

SEPTEMBER 18, 2024

Single-family starts posted a solid gain in August on robust demand and moderating mortgage rates even as builders continue to grapple with challenges related to lot and labor shortages and elevated prices for many building materials. Overall housing starts increased 9.6% in August to a seasonally adjusted annual rate of 1.36 million units, according to.

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Mortgage Construction 97