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 514

Marketing Construction Mortgage Housing Market 514

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 476

Mortgage Loan Officers Government Tools 476

Appraisal Buzz

SEPTEMBER 6, 2024

In Q2 of 2024, ATTOM produced a Special Housing Risk Report that highlights county-level housing markets across the country that are more or less susceptible to falls based on home affordability, underwater mortgages, and other metrics. According to the analysis, the most at-risk markets in the nation are—once again—concentrated in California, New Jersey, and Illinois, with some of the largest clusters located in inland California as well as the New York City and Chicago regions.

Housing Market 397

Housing Market Property Taxes Mortgage Marketing 397

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 474

Mortgage Finance Design Marketing 474

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

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

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate. With its new partnership with Atlantic Bay Mortgage Group, CANDID is set to make an even greater impact.

Mortgage 459

Mortgage Technology Tools Clients 459

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 278

Valuation Tools Finance 278

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 459

Development Finance Insurance Mortgage 459

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 459

Insurance Real Estate Agent Law Real Estate 459

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 264

Real Estate Clients Agents 264

Housing Wire

SEPTEMBER 6, 2024

Millennials and members of Generation Z now make up the majority of military veteran and active-duty homebuyers, but not all cities offer good situations for them. To that end, Veterans United Home Loans conducted a study to find which housing markets are best for current and former military members in these two generations. It concluded that the most favorable markets are on the East Coast and in the Midwest.

Housing Market 459

Housing Market Marketing Insurance Buyers 459

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 Tenants Housing Market 221

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 456

Construction Real Estate Marketing Mortgage 456

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 198

Client Relationships Buyers Clients Agents 198

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 447

Agents Real Estate Agent Brokerage Realty 447

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 196

Real Estate Marketing Brokerage Agents 196

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 447

Realty Brokerage Clients Agents 447

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 195

Agents Open Houses Real Estate Agent Real Estate 195

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.

Government 195

Government Law Tools Development 195

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 192

Real Estate Construction Inventory Agents 192

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 172

Construction Marketing 172

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 192

Logistics Clients Buyers Investing 192

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 158

Mortgage Finance 158

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 190

Mortgage Marketing 190

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 124

Appraisal Law Business Mortgage 124

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 186

Agents Real Estate Agent Real Estate Bracketing 186

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 93

Landlords Tenants Investors Property Management 93

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 183

Brokerage Agents 183

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 90

Construction Marketing Real Estate 90

Appraisal Today

SEPTEMBER 6, 2024

Newz: Disturbing AMC Violations, Appraiser and Real Estate Agent Communication September 6, 2024 What’s in This Newsletter (In Order, Scroll Down) Top 10 Things Appraisers Wish Real Estate Agents Understood Divorce Appraisal Red Flags Carmel’s Iconic and Artistic ‘Owl House’ $3,750,000 Housing Market Update: August 2024 Please! Not Another Highest and Best Use Question?!

Real Estate Agent 86

Real Estate Agent Real Estate Appraisal Agents 86

Mortgagebroker News

SEPTEMBER 6, 2024

Jobless rate rises by more than anticipated in August

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