Tue.Apr 02, 2024

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Homeowners Have Zero Incentive to Upsize in This Current Housing Market  

Appraisal Buzz

With mortgage rates now well above 6.5% and home prices rising to all-time highs due to lack of inventory, first-time homebuyers are getting discouraged by declining affordability. But this lack of affordability is just as much of a downer for homeowners looking to upsize. According to ICE Mortgage Technology’s Mortgage Monitor report , a homeowner looking to move to a home that is 25% more expensive would see their mortgage payments increase by an average of $1,384 per month, or 103%.

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eXp, Compass top five-year movers by sides, volume: RealTrends Verified

Housing Wire

Independent real estate firms are growing quickly, with flat-fee firms taking three of the top 10 spots by transaction sides when looking at the five year movers (2019-2023) in this year’s RealTrends Verified brokerage rankings. Public independents eXp Realty and Compass show how quickly they grew by dominating the top two spots by both sides and volume.

Brokerage 385
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Northeast and Midwest markets are still sizzling hot

Real Estate News

The regions continue to see significant price growth and elevated buyer activity, but national price growth is expected to slow this year as supply increases.

Marketing 284
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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. Steinway, who closed more than $1.5 billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

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Unlock The Blueprint: How To Construct A Better Payment Workflow

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

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Buyer agreements work, sellers still willing to pay: Baird & Warner

Real Estate News

Laura Ellis, chief strategy officer at the Chicago firm, says part-timers may not make it in the post-settlement world, but serious agents will excel.

Sellers 212

More Trending

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The Leadership Imperative: Creating Adaptable Teams

Appraisal Buzz

BLOG VIEW: In a fast-moving industry, being prepared is never enough. It doesn’t take a large disruptor – in the environment, the company, or customer base – to render contingency plans unworkable. As a leader, it is a responsibility to lead a team that is fully adapted to a changing market or willing to become so. When adaptability is built into the corporate culture, companies are well-prepared to navigate change.

Training 195
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People on the Move: Promotions at JPAR, Realty ONE

Real Estate News

JPAR president Laura O’Conner adds chief operating officer to her title; David Romero takes on chief customer officer role at Realty ONE + more role changes.

Realty 188
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Xactus Hires Thomas Gallucci as EVP, Strategic Sales

Appraisal Buzz

Thomas Gallucci has joined Xactus , a provider of borrower verification solutions for the mortgage industry, as executive vice president, strategic sales. Gallucci has nearly 20 years of financial services and mortgage industry experience, fostering business relationships and leading sales efforts. Prior to joining Xactus, he served as senior vice president, business development at The Mortgage Collaborative (TMC), where he was responsible for managing the team that supported TMC’s 70+ preferred

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Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital

Inman

Founded as Daily AI, Aidium rebranded last year to better align brands it had acquired — Whiteboard CRM and Recruitable.ai — under a single umbrella.

Mortgage 153
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

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.

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MMI Taps Ryan Minard as Senior Sales Engineer

Appraisal Buzz

Ryan Minard is the new senior sales engineer for Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries. Minard previously served as a sales engineer for ICE Mortgage Technology’s Surefire CRM platform, which was included in the company’s 2023 acquisition of Black Knight. He also held the position of director of customer growth at Surefire until Black Knight’s acquisition of the platform in 2021.

Clients 195
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3 Ways Mobile Forms Improve Your HVAC Workflow

GoForrmz

Originally published on 01/03/2018 How important is communication between your field and back-office HVAC personnel? Like any field service operation, HVAC teams rely heavily on communication between field crews and back-office personnel. Using paper forms impedes collaboration and communication between frontline workers and other teams, leading to sluggish, manual processing – hindering productivity.

Clients 147
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ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many

Appraisal Buzz

Home prices are rising faster than wages in half the U.S., a report from ATTOM shows. And while the portion of wages needed for home ownership dipped in the first quarter compared with the fourth quarter, it remained up annually in most of nation. With mortgage rates tracking downward in recent months after rising last year, the portion of average local wages consumed by major expenses on median-priced, single-family homes and condos has decreased from the fourth quarter to the first quarter in

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California legislator proposes $1.25B affordable housing bill

Inman

United States Representative Adam Schiff is taking another shot at solving America's housing crisis, this time through a proposal to convert government-owned buildings into affordable rental housing.

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Open Construction Jobs Rising

Eyes on Housing

Due to tightened monetary policy, the count of total job openings for the entire economy has trended lower over the last year. This is consistent with a cooling economy that is a positive sign for future inflation readings. However, the number of open jobs for the aggregate economy was relatively unchanged in February per the.

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124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets

BiggerPockets

In just four years, Dylan Osmon went from having no job, barely any money, and no real estate investing experience to owning over one hundred rental units.

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Asset Evaluation: How Appraisals Simplify Divorce Settlements?

Appraisal Partners Blog

Divorce is a complex and emotionally challenging process, mainly consisting of the breaking of assets acquired during the marriage. Real estate holdings are often the most valuable of these assets and might present a difficult point to discuss when it comes to settlement. At this point, real estate evaluations play a critical part in making divorce settlements simpler.

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Top Mortgage Employers revealed for 2024

Mortgagebroker News

Find out which companies made the cut

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How to Save Your Cash Flow When Dealing with a “Problem” Property

BiggerPockets

How many things can possibly go wrong with ONE rental property? Well, you’re about to find out!

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Will Canada avoid a recession?

Mortgagebroker News

Deloitte Canada offers its prediction

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Pushing Harder for Reducing Our Carbon Footprint in the Home

Will Springer Realtor

April does not have to be Earth Month for each of us to be aware of the importance of living a sustainable, environmentally friendly lifestyle. That includes embracing this intentional way of life around the home. It’s even more true when using “green” features to sell a home. Fun fact: When comparing the overall median sales price of a home sold in Western Washington in 2023, the Northwest Multiple Listing Service reported residential properties with a green certification sold for 20% more – $7

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CMBA-BC gears up for annual conference in Vancouver

Mortgagebroker News

Star-studded event to take place on April 15-16

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Navigating the Unforeseen Impacts of 7% Mortgage Interest Rates

Eppraisal

In the ever-evolving landscape of real estate, mortgage interest rates play a pivotal role in shaping the housing market. Over the past year and a half, we've witnessed mortgage rates hover around the 7% mark, a significant shift from previous years. While these rates may seem daunting at first glance, they carry both expected and unforeseen impacts that homeowners, homebuyers, and industry professionals must navigate.

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Luxury housing market makes a comeback

Mortgagebroker News

Softer prices and lower interest rates spur renewed interest in high-end homes

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Canadian business sentiment improves. Will rate cuts follow?

Mortgagebroker News

Survey shows consumers remain cautious

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Tackling financial risks requires united front, says regulator

Mortgagebroker News

OSFI chief underscores importance of collaboration at international roundtable

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Revealed - Canada's top mortgage employers for 2024

Mortgagebroker News

Recognition was given in the form of gold, silver, and bronze awards