Appraisal Buzz

JULY 19, 2024

Great news for buyers: the latest Consumer Price Index report showed that inflation is cooling—which is good—but that news came alongside a report from Redfin that monthly housing payments have also eased back from record highs hit a few months ago, making it that much sweeter for buyers. According to Redfin, the typical monthly housing payment was $2,722 mid-July, $115 lower than the all-time high which occurred in April.

Buyers 416

Buyers Inventory Mortgage Agents 416

Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This is the conclusion of a new report published by the Center for Public Enterprise , a nonprofit organization that promotes the expansion of public sector projects.

Construction 403

Construction Finance Development Marketing 403

Appraisal Buzz

JULY 19, 2024

According to the most recent Leading Indicator of Remodeling Activity (LIRA) from the Joint Center for Housing Studies (JCHS) , homeowner spending on upgrades and repairs is anticipated to increase through the first half of 2025 following a slight decline. According to the LIRA, through the second quarter of 2025, the yearly drop in spending on owner-occupied home maintenance and improvements is projected to only slide -0.5%.

Renovations 372

Renovations Appraisal 372

Housing Wire

JULY 19, 2024

Artificial intelligence has taken the real estate industry by storm over the past two years and Coldwell Banker is no exception. On Thursday, the Anywhere Real Estate brand announced that it had equipped its exclusive marketing platform tool Listing Concierge with generative AI capabilities. Through this update, the firm says the platform will now allow agents and concierge coordinators to automate the generation of listing descriptions, captions of images and property attributes.

Advertising 402

Advertising Real Estate Realty Technology 402

Real Estate News

JULY 19, 2024

The industry has weathered many storms, and through it all, has grown and thrived. So can agents. Jay Thompson shares 4 ways to leverage the changes ahead.

Agents 274

Agents 274

Housing Wire

JULY 19, 2024

They say everything is bigger in Texas — and apparently that includes housing inventory growth. While available homes for sale are growing all over the country , it’s happening at a dramatic scale in Texas. According to a second-quarter 2024 report from Texas Realtors, the number of active listings from April to June of this year were up 40.8% compared to the same period last year.

Inventory 401

Inventory Realtors Housing Market Buyers 401

Housing Wire

JULY 19, 2024

Howard Hanna Real Estate Services is looking to “streamline the home-buying process.” On Thursday, the family-owned real estate firm announced that it was launching its “Buy & Borrow Bundle” program, which it said offers “comprehensive support and financial incentives that cater to the unique needs of everyone in search of home.” “We are thrilled to introduce the Buy & Borrow Bundle, which reflects our ongoing dedication to providing superior value and convenience to our clients,” F.

Real Estate 353

Real Estate Clients Brokerage Agents 353

Real Estate News

JULY 19, 2024

Buyers who sign agreements with the nation’s largest family-owned brokerage — and use its mortgage services — will get a 0.5% credit when their loan closes.

Buyers 227

Buyers Mortgage Brokerage 227

Housing Wire

JULY 19, 2024

eXp Realty announced Friday that it has named Troy Palmquist as its new vice president of growth and product marketing. According to the announcement, Palmquist will be responsible for developing and executing comprehensive marketing strategies aimed at attracting, recruiting and retaining top-tier real estate agents. He will also oversee the promotion of various eXp divisions, including commercial and land and ranch, along with leading a team of product marketers, who will be tasked with ensur

Marketing 349

Marketing Realty Real Estate Agent Brokerage 349

Real Estate News

JULY 19, 2024

A recent analysis found that agents in several Midwestern cities earn higher salaries and face less competition compared to their peers in other regions.

Agents 225

Agents 225

Housing Wire

JULY 19, 2024

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” The new term sheet details several differences from the current HMBS program, including a reduction in the HMBS pool size to 95% of the loan’s total unpaid principal balance (UPB).

Development 340

Development Mortgage Design Government 340

Real Estate News

JULY 19, 2024

Four MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.

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212

Housing Wire

JULY 19, 2024

In a competitive market full of options, banks must rely on more than their rate sheet to compete for the business of third-party originators. Established brokers and non-delegated correspondents alike continue to choose Flagstar as a preferred partner because of its reputation for not only being a reliable lender for over 35 years but also for having an extremely knowledgeable team. “We have built enduring trust with a network of over 3,5000 established brokers and non – delegated corresp

Training 326

Training Renovations Lending Clients 326

Inman

JULY 19, 2024

The FCC announced on Tuesday a plan to help consumers identify and block AI-generated robocalls. The plan, if passed, could impact a key part of real estate agents' lead generation methods.

Real Estate Agent 165

Real Estate Agent Real Estate Agents Technology 165

Housing Wire

JULY 19, 2024

The Federal Housing Administration (FHA) on Friday announced that its FHA Connection (FHAC) portal — which provides FHA-approved lenders and business partners with secure online access to computer systems at the U.S. Department of Housing and Urban Development (HUD) — has experienced outages in certain core services, coinciding with a widely reported global technology outage stemming from issues at major U.S. tech providers.

Technology 318

Technology Government Development Business 318

Eyes on Housing

JULY 19, 2024

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2024 posted a reading of 65, down one point compared to the previous quarter. The RMI remains solidly in positive territory, and NAHB continues to project that remodeling activity has stabilized at a healthy level in 2024. Although some remodelers are reporting a.

Marketing 164

Marketing 164

Housing Wire

JULY 19, 2024

Expanding your real estate career into a new market presents significant challenges, especially when navigating unfamiliar language barriers and a new community culture. Leading Zink through our expansion into the United States has provided insight into effectively navigating unfamiliar networks and establishing a presence. When we decided to enter the Florida real estate market , we were driven by its immense growth potential and the chance to diversify our portfolio.

Real Estate 318

Real Estate Investing Marketing Investors 318

Inman

JULY 19, 2024

Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220 million, "The Wall Street Journal" reported on Thursday.

Marketing 158

Marketing Real Estate 158

Housing Wire

JULY 19, 2024

Julia Gordon , the commissioner of the Federal Housing Administration (FHA) and a leading voice at the U.S. Department of Housing and Urban Development (HUD), will be returning for the third consecutive year to the National Reverse Mortgage Lenders Association ‘s (NRMLA) Annual Meeting and Expo that will take place in San Diego in September. Julia Gordon The announcement was made by NRMLA in an email alert to its membership.

Lending 304

Lending Development Mortgage 304

Inman

JULY 19, 2024

Two weeks after filing a theft of trade secrets lawsuit against CoStar Group, Move now wants CoStar to hand over Move-owned files and electronic devices used by former Realtor.com News and Insights Editor James Kaminsky.

Technology 156

Technology 156

Appraiserblogs

JULY 19, 2024

this is a colossal failure on their part – to have a key document on BACKORDER until a month from now, or longer! Appraisers, I have a print copy of the current USPAP, but need/want a PRINT copy of the AO/FAQ Reference Manual, which TAF decided to make into a separate document for this version at a cost of $75. I prefer the printed versions, rather than the PDF so I can read it and use a highlighter for key items.

Appraisal 120

Appraisal 120

Inman

JULY 19, 2024

These times have been hard on nearly every real estate business. But different parts of the country report unique challenges and business approaches, as illustrated by Intel’s monthly gauge of industry sentiment.

Agents 152

Agents Real Estate Business New Listings 152

JMV Lending

JULY 19, 2024

We published this blog several years ago, and I am re-sending it with a very important addition. The addition is this: agents should focus especially on “inconvenient” (low-priced) comparable sales. […] The post What To Say To Appraisers? A Lot – But In the Right Way appeared first on JVM Lending.

Appraisal 78

Appraisal Lending Agents 78

Inman

JULY 19, 2024

If you've been looking to position yourself within the luxury niche, luxury consultant Chris Pollinger writes, the journey will be both challenging and, potentially, rewarding.

Real Estate Agent 150

Real Estate Agent Real Estate Agents Brokerage 150

National Association of Realtors

JULY 19, 2024

With practice changes coming that include the prohibition of offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep an open line of communication.

Appraisal 92

Appraisal Agents 92

Inman

JULY 19, 2024

Payment processing technology developed by REPAY is now available to loan servicers through ICE Mortgage Technology's Servicing Digital solution, a customer engagement and retention tool.

Mortgage 145

Mortgage Tools Technology Development 145

BiggerPockets

JULY 19, 2024

From proposals to cap rent increases, all the way down to rent control, is the uncertainty in today's market enough to make investors leave it altogether?

Real Estate 79

Real Estate Investing Investors Marketing 79

Inman

JULY 19, 2024

Industry veteran and DOORA co-founder Troy Palmquist has been promoted from eXp's director of growth to the VP growth and product marketing. Palmquist joined eXp in 2023.

Marketing 146

Marketing Realty Brokerage Agents 146

BiggerPockets

JULY 19, 2024

Investors in both stocks and real estate are making the same mistakes right now. Here's what you need to be aware of.

Real Estate 82

Real Estate Investors 82

Inman

JULY 19, 2024

Yvonne Mortimer has rejoined Baird & Warner after a two-year stretch at Berkshire Hathaway HomeServices Chicago, the company announced Wednesday.

Development 154

Development Brokerage Agents 154

BiggerPockets

JULY 19, 2024

Will we be able to hit "print" and generate housing one day? It could be sooner than you think.

Construction 86

Construction Investors Real Estate 86

Inman

JULY 19, 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 151

Brokerage Agents 151

BiggerPockets

JULY 19, 2024

Choosing the right market to invest in is your most important investment decision. We recommend evaluating these statistics during your research.

Investing 68

Investing Marketing 68

Inman

JULY 19, 2024

The three-time Tony Award winner will appear at Inman Connect Las Vegas later this month to share his expertise on branding, marketing and developing the confidence in life to be yourself.

Agents 131

Agents Development Marketing 131