Housing Wire
NOVEMBER 27, 2023
If you follow real estate data closely, you’ll know that inventory rose late into November. You also know that new listings are up over last year, too. However, what you might not know is that home sales are climbing, which is a good sign. Watch the video above to get the latest housing market update from Altos Research. Short on time? Check out some key data takeaways below for the week ending Nov. 27.
Real Estate News
NOVEMBER 27, 2023
The case takes aim at NAR and local as well as national brokerages, while calling out the current system as a way to protect ineffective agents.
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Housing Wire
NOVEMBER 27, 2023
Nearly three months after filing an initial complaint accusing Gary Keller and Keller Williams of inflating key profitability metrics including company sales and profits to convince individuals to purchase Keller Williams Regions and Market Centers, John Davis has made tweaks to his lawsuit. In his initial filing, in addition to Keller and Keller Williams, Davis also names former KW president Josh Team, Business MAPS Ltd. and Business MAPS Management LLC as defendants.
Real Estate News
NOVEMBER 27, 2023
Ryan Schneider is being rewarded for his work in landing a settlement in commissions cases and delivering savings in a challenging year for real estate.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Housing Wire
NOVEMBER 27, 2023
In a country of more than 335 million people, with 157 million of those people working, we still only have 76,000 new homes available for sale as we head into December. The crazy part of this story is that this number looks perfectly normal to me. One of the urban myths spouted by people needing more experience tracking housing data was that millions of homes would hit the marketplace in 2023 because the builders had so many homes under construction.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 27, 2023
Veev , a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting out of Israel. There are talks about a “leading company” potentially acquiring California -based Veev, but the negotiations remain in the very early stages, according to Calcalist. If the negotiations don’t bear fruit, the company will shut down.
Inman
NOVEMBER 27, 2023
Fidelity National Financial acknowledges that a "cybersecurity incident" disrupted the provision of title and escrow services and other technology and mortgage services.
Housing Wire
NOVEMBER 27, 2023
The Mortgage Bankers Association (MBA) this week appeared to relay caution to its members about the announcement from the Federal Housing Finance Agency (FHFA) last week that it had published a new, final rule on the Enterprise Regulatory Capital Framework (ERCF) related to commingled securities. “The final rule includes modifications of certain provisions of the ERCF related to guarantees on commingled securities, multifamily mortgage exposures secured by properties with government subsidies, a
Inman
NOVEMBER 27, 2023
Estate planning is of prime importance for homeowners and their heirs. Properties are among the largest and most complex assets to be distributed — particularly when they’re luxury homes worth millions of dollars.
Housing Wire
NOVEMBER 27, 2023
Real estate agents are continuing to stay put, moving much less between brokerages than the post- pandemic peak seen in the summer of 2021, according to the latest Relitix Agent Movement Index. The index shows the relative degree of movement between brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, on a trailing 12-month basis, mobility hit its 10-year high in June 2021 at an index value of 109.4.
Inman
NOVEMBER 27, 2023
An amended complaint from former Keller Williams CEO John Davis now accuses the company and its co-founder of embezzlement.
Housing Wire
NOVEMBER 27, 2023
Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The decline in the 10-year Treasury yield and agency mortgage-backed securities (MBS) yields — due to a soft jobs report in late October — led to a slight pick up in seasonally-adjusted mortgage application volume.
Inman
NOVEMBER 27, 2023
More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold.
Housing Wire
NOVEMBER 27, 2023
New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ).
Eyes on Housing
NOVEMBER 27, 2023
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts remained elevated during the third quarter of 2023. For the quarter, 104,000 multifamily residences started construction. Of this total, 101,000 were built-for-rent. The market share of rental units of multifamily construction starts was near an all-time high of 98% for the third quarter as the.
Housing Wire
NOVEMBER 27, 2023
HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. HousingWire: Has the banking crisis earlier this year left any lasting impacts on warehouse lenders?
Inman
NOVEMBER 27, 2023
Marketing director Kate Hulbert shares this quick and simple update to make your social media and digital marketing more effective and targeted.
Eyes on Housing
NOVEMBER 27, 2023
Elevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October. Sales of newly built, single-family homes in October fell 5.6% to a 679,000 seasonally adjusted annual rate, following a notable downward revision in September, according to newly released data by the U.S.
Inman
NOVEMBER 27, 2023
Jason Haber, founder of The NAR Accountability Project, believes that more must be done to keep agents from paying for NAR's mistakes.
BiggerPockets
NOVEMBER 27, 2023
The Fed has slowed down its rate hikes, but an economist from UC Irvine says we've all been misreading inflation, including the central bank.
Inman
NOVEMBER 27, 2023
Personal and professional upheaval is taking its toll on members of the real estate industry. Trainer and author Bernice Ross shares strategies to help you get a handle on stress as you move into the new year.
BiggerPockets
NOVEMBER 27, 2023
The 2023 holiday shopping season is here, and you know what that means…gifts, trips, and LOTS of spending.
Inman
NOVEMBER 27, 2023
Sales of newly built single-family homes clocked in at a seasonally adjusted annual rate of 679,000 during the month of October.
BiggerPockets
NOVEMBER 27, 2023
In a world full of equations, getting down to the key metrics that drive success is what matters. Here's how to cut through the noise.
Inman
NOVEMBER 27, 2023
Multifamily expert and brand-new Inman contributor Andy Larson offers insights and strategies for the all-important lease-up period.
BiggerPockets
NOVEMBER 27, 2023
Want to learn how to quit your job with real estate? Many people think you need to replace your entire salary with rentals, but that’s not the case.
Inman
NOVEMBER 27, 2023
According to compliance expert Summer Goralik, this is the time to take a proactive approach, ask important questions, adopt new business protocols and procedures, and engage in different types of conversations or scripts with clients.
GoForrmz
NOVEMBER 27, 2023
“ Using your existing forms is GoFormz’s claim to fame. That’s certainly why we chose it to digitize our forms. ” — Ruzwa Cooper, President, Cooper Oates Air Conditioning About Cooper Oates Air Conditioning Operating for over 50 years, Cooper Oates is an experienced, full-service mechanical contractor providing high-quality air conditioning, heating, environmental air quality, and plumbing solutions to commercial clients and industrial properties throughout the Sacramento Valley
Inman
NOVEMBER 27, 2023
Direct mail marketing company Addressable has abruptly gone out of business, according to a website message at its domain, addressablemail.com.
BiggerPockets
NOVEMBER 27, 2023
Turnkey real estate investing means purchasing a property that's move-in ready. In other words, as soon as you close on the property, you can advertise it for rent. Some turnkey properties even come with tenants already living in the property with an active lease. Most of the time, the property needs few to no repairs or upgrades. It has all working appliances, its structure is sound, and the layout and features are what local renters desire.
Inman
NOVEMBER 27, 2023
This week, Sue "Pinky" Benson explains why you should be posting about personal stuff on Instagram and how it benefits your audience, and ultimately, your business.
Mortgagebroker News
NOVEMBER 27, 2023
Prioritizing company culture amid growth proved key, says founder and CEO
Inman
NOVEMBER 27, 2023
Today’s multifamily residents want smart-living solutions more than they want covered parking or pools. Here's what we’re watching.
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