Housing Wire

SEPTEMBER 6, 2024

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts” policy. After today’s jobs report and the negative revision to this report and the previous ones, it is safe to say nobody outside of crazy people who want to see America go into a recession will question the Fed rate cut that will happen th

Marketing 492

Marketing Construction Mortgage Housing Market 492

Appraisal Buzz

SEPTEMBER 6, 2024

Douglas G. Duncan Douglas G. Duncan , current SVP and Chief Economist at Fannie Mae, has officially announced his retirement via a LinkedIn post late Friday afternoon. Duncan’s post on his LinkedIn page ended speculation of an impending retirement and exit from the GSE. “I noticed someone ran a story about me retiring, so I thought I had better do it,” said Duncan in his post.

Real Estate 435

Real Estate Business Mortgage Finance 435

Housing Wire

SEPTEMBER 6, 2024

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Kevin Leibowitz, president of Grayton Mortgage , said he was quoting 6.125% for a 30-year conventional mortgage of $400,000 on Friday with no discount points.

Mortgage 434

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Appraisal Buzz

SEPTEMBER 6, 2024

Renting, traditionally seen as a more affordable option compared to homeownership, has become increasingly expensive in many of the nation’s largest cities. A recent analysis by LendingTree , using data from the U.S. Department of Housing and Urban Development (HUD) , paints a stark picture of how Fair Market Rents (FMRs) for one- and two-bedroom units have surged across the country over the five-year span of 2019-2024.

Landlords 395

Landlords Housing Market Development Marketing 395

Housing Wire

SEPTEMBER 6, 2024

The reverse mortgage industry is pressing ahead with a chance at lower interest rates later this month. While there were signs of weakness in performance metrics in August, there are also commensurate signs of encouragement, according to industry experts. Home Equity Conversion Mortgage (HECM) endorsements fell by 3.3% from July to August, with the total of 2,200 falling reasonably in line with Federal Housing Administration (FHA) HECM case numbers that posted their own gains in July.

Mortgage 400

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Appraisal Buzz

SEPTEMBER 6, 2024

The third quarterly installment of WFG’s “ Quarterly Economic Outlook ” webinar, featuring Williston Financial Group (WFG) Chairman and Founder Patrick F. Stone and Economist and Forbes contributor Bill Conerly, Ph.D. , will take place Tuesday, September 10th at Noon Central. During the live session, Stone and Conerly will provide insight and analysis on the current state of the economy, and its impact on the housing market, delve into the latest economic data and trends, and offer predictions f

Real Estate 221

Real Estate Insurance Housing Market Tenants 221

Appraisal Buzz

SEPTEMBER 6, 2024

The U.S. Department of Housing and Urban Development (HUD) awarded $31.7 million from its Fiscal Year 2024 budget to support 75 fair housing organizations across the nation through the Fair Housing Initiatives Program (FHIP). These funds are being directed to second- and third-year multi-year grantees of the Private Enforcement Initiative (PEI) to continue their ongoing fair housing enforcement endeavors on a national scale.

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Government Law Tools Development 195

Housing Wire

SEPTEMBER 6, 2024

Real estate agents largely felt prepared to tackle the business practice changes outlined in the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , according to the recently published Stephens Summer 2024 Real Estate Agent Survey. This is the seventh edition of the private investment bank’s quarterly survey.

Agents 378

Agents Real Estate Agent Brokerage Realty 378

Real Estate News

SEPTEMBER 6, 2024

A mixed August jobs report has economists speculating about how deep of an interest rate cut the Federal Reserve might make on Sept. 18.

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Housing Wire

SEPTEMBER 6, 2024

Aging in place continues to be the preference for the vast majority of older Americans. But the financial and emotional ramifications of staying in one’s current home, rather than moving to a nursing home or assisted-living facility, can be a heavy burden. The Wall Street Journal highlighted aging-in-place issues this week by interviewing several families across the country about their “crushing“ struggles to care for aging relatives.

Development 376

Development Finance Insurance Mortgage 376

Real Estate News

SEPTEMBER 6, 2024

Zillow upgrades AI search; Revive's valuation tool now free; Long & Foster enhances chatbot; LeadingRE adds Move Concierge; Calque expands financing products.

Valuation 218

Valuation Tools Finance 218

Housing Wire

SEPTEMBER 6, 2024

Compass’s loss is Coldwell Banker Realty’s gain. The Boston -based Bell Petrini Group has affiliated with Coldwell Banker’s Back Bay office. The group is led by Katherine Bell and Maddy Petrini, who are bringing three team members with them. The group was previously affiliated with Compass. The Bell Petrini Group has more than 20 years of experience and has closed $47 million in volume so far this year.

Realty 375

Realty Brokerage Clients Agents 375

Real Estate News

SEPTEMBER 6, 2024

Agent-client collaborative platform Rayse engages industry veterans as it works to empower real estate professionals; Fannie Mae chief economist stepping down.

Real Estate 213

Real Estate Clients Agents 213

Housing Wire

SEPTEMBER 6, 2024

August’s gain of just 142,000 total nonfarm payroll jobs confirms that the job market is cooling, which all in all is good news for the Federal Reserve , which meets in a little under two weeks to discuss interest rates. But is it enough to justify a half-point cut? Data from the U.S. Bureau of Labor Statistics released on Friday also showed that the June jobs report was revised downward to 118,000 jobs (from 179,000) and July down to 89,000 jobs (from 114,000).

Construction 363

Construction Real Estate Marketing Mortgage 363

Real Estate News

SEPTEMBER 6, 2024

Watch the conversation with eXp CEO Leo Pareja as he discusses the company’s decision to do away with cooperative compensation and lead the way on forms.

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Housing Wire

SEPTEMBER 6, 2024

For more than two years, a storm has been brewing in the title insurance industry. Last week, the first raindrops began to fall when the Office of the Attorney General for the District of Columbia (OAG) announced settlements with four title firms over alleged kickback schemes. As a result of the settlements, Allied Title & Escrow LLC , KVS Title LLC , Modern Settlements LLC and Union Settlements will collectively pay more than $3.2 million.

Insurance 341

Insurance Real Estate Agent Law Real Estate 341

Inman

SEPTEMBER 6, 2024

Jimmy Burgess and Andrew Undem share strategies for writing a compelling offer on behalf of buyers, closing more deals and building lifelong client relationships.

Client Relationships 172

Client Relationships Buyers Clients Agents 172

Housing Wire

SEPTEMBER 6, 2024

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Inman

SEPTEMBER 6, 2024

The real estate vet co-founded the Manhattan division of Sotheby's International Realty in the mid-1970s and co-founded Halstead Property with Diane Ramirez in the mid-1980s.

Brokerage 164

Brokerage Realty Real Estate Agents 164

Eyes on Housing

SEPTEMBER 6, 2024

Mortgage rates continued to decrease in August, landing at an average rate of 6.50%. According to Freddie Mac, the average monthly rate fell by 35 basis points (bps) from July’s rate of 6.85%. The August rate is down 57 bps from one year ago, which stood at 7.07%. The 15-year fixed-rate mortgage also saw a.

Mortgage 146

Mortgage Finance 146

Inman

SEPTEMBER 6, 2024

Keeping clients fully informed and helping them to think ahead about the logistics and financial implications of a second-home purchase can create more positive feelings and better outcomes, Jonathan Pressman writes.

Logistics 158

Logistics Clients Buyers Investing 158

Eyes on Housing

SEPTEMBER 6, 2024

Today’s jobs report and the newly released preliminary estimate of the benchmark revision indicate that the U.S. labor market is slowing from its overheated state in 2021 and 2022 but remains stable. Among all sectors, construction led the August job gains, adding 34,000 jobs to payrolls. Additionally, wage growth accelerated in August. Wages grew at.

Construction 134

Construction Marketing 134

Inman

SEPTEMBER 6, 2024

Amid the current economic turmoil, including fears of a potential recession and recent significant stock market declines, real estate professionals must remain vigilant and adaptable, Victoria Kennedy writes.

Real Estate 155

Real Estate Marketing Brokerage Agents 155

Appraiserblogs

SEPTEMBER 6, 2024

The harassment campaign benefits a number of odd bedfellows: the housing lobby, which wants unfettered access to federal funds and taxpayer-backed mortgage guarantees through Freddie, Fannie and the FHA – they see appraisals as an unnecessary bottleneck. A firm called Mizrahi Kroub is the largest filer of so-called “digital Americans with Disabilities Act lawsuits.

Appraisal 116

Appraisal Law Business Mortgage 116

Inman

SEPTEMBER 6, 2024

August payroll report includes "huge downward revisions" to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts.

Mortgage 148

Mortgage Marketing 148

BiggerPockets

SEPTEMBER 6, 2024

We know evictions can be costly for both landlords and tenants (both financially and sometimes emotionally). But recently, I heard two investors discussing who actually loses more during the process.

Landlords 84

Landlords Tenants Investors Property Management 84

Inman

SEPTEMBER 6, 2024

Tether RE is a mobile app for helping real estate agents stay safe conducting showings, open houses and other activities with strangers.

Agents 170

Agents Open Houses Real Estate Agent Real Estate 170

BiggerPockets

SEPTEMBER 6, 2024

Don’t pop the champagne just yet, but one major economist just stated that he envisions the federal funds rate dropping to 3.25% once the Federal Reserve’s rate-cutting cycle is over.

Construction 79

Construction Marketing Real Estate 79

Inman

SEPTEMBER 6, 2024

As new models roll off the assembly line this fall, Inman is kicking off its first-ever Power Wheels car contest to determine once and for all the best ride for real estate agents on the go.

Agents 146

Agents Real Estate Agent Real Estate Bracketing 146

Lamacchia Realty

SEPTEMBER 6, 2024

The LASH Group Joins Lamacchia Realty September 6, 2024 – Lamacchia Realty is thrilled to announce that on August 29, 2024, the LASH Group of Central Massachusetts joined Lamacchia Realty. As dedicated REALTORS®, co-founder Laurie Ann Babbitt – Strapponi , with 26 years of experience, co-founder Shayna Ashton , who has been in the field since 2016, along with member of LASH Group, local REALTOR® Barry Henley , offer personalized service to guide clients through every step of the home-buying or s

Realty 70

Realty Realtors Real Estate Clients 70

Inman

SEPTEMBER 6, 2024

Bernice Ross talks with Patrick Stone, chairman and founder of Williston Financial, about interest rates, new construction and the 2024 election.

Real Estate 160

Real Estate Construction Inventory Agents 160

Lamacchia Realty

SEPTEMBER 6, 2024

Inman highlights Anthony Lamacchia's Thought on the Threats Lamacchia Realty Founder and CEO, Anthony Lamacchia, has been featured in Inman’s article, “Knock off the threats to hardworking real estate agents.” In the article, Anthony criticizes recent threats from plaintiff lawyers warning Realtors of severe penalties for commission violations.

Real Estate Agent 56

Real Estate Agent Realty Realtors Real Estate 56

Inman

SEPTEMBER 6, 2024

Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.

Brokerage 150

Brokerage Agents 150

Mortgagebroker News

SEPTEMBER 6, 2024

What lower prices and Bank of Canada's rate cuts mean for Toronto housing market

Buyers 78

Buyers Housing Market Marketing 78