Housing Wire
SEPTEMBER 5, 2024
Declining mortgage rates have yet to break the dam on the stalled housing market, but the sweet spot on rates that would get the market moving again is about 5%. That’s according to a new survey from Mphasis Digital Risk, which revealed that 42% of prospective buyers said a 5% rate would get them back in the market. An additional 27% said they’re targeting a 4% rate, while 20% say it’s 6%.
Appraisal Buzz
SEPTEMBER 5, 2024
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Housing Wire
SEPTEMBER 5, 2024
In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. Katz discusses the contributing factors leading to higher occupancy rates in BTR properties, the advantages of BTR financing solutions for investors, and their long-term growth potential.
Appraisal Buzz
SEPTEMBER 5, 2024
With the total number of homes on the market at its greatest point since May 2020 and interest rates about to start declining, buyers will have more options this autumn. The Realtor.com August Housing Trends Report shows that the number of homes actively for sale increased by 35.8% in August, marking the tenth consecutive month of growth in this number of properties.
Housing Wire
SEPTEMBER 5, 2024
The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. Buyers using FHA loans often face stigmas and cannot use many of the competitive strategies commonly utilized by conventional borrowers and cash buyers, according to a recent report from the CFA. “As first-time homebuyers and homebuyers of color disproportionately rely on FHA, the
Appraisal Buzz
SEPTEMBER 5, 2024
The results of a poll conducted among 1,818 U.S. adults nationwide show that nearly half of prospective homebuyers are having difficulty paying for basic housing expenses and that the affordability of home insurance is a key consideration in their decision to relocate. The survey was conducted by Mphasis Digital Risk. The trajectory of interest rates and what Americans refer to as their “magic number”—the mortgage rate that would compel them to buy a home—have them feeling more optimistic than t
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Sacramento Appraisal Blog
SEPTEMBER 5, 2024
I hear it all the time. “Five months of supply is a balanced housing market.” Is that really true though? Let’s unpack this today and digest the importance of narratives and national vs local stats. I know this sounds like geeky stuff, but it’s so important (see action steps). Any thoughts? I’VE BEEN GONE FOR […] The post Bro, is 5 months of supply really balanced?
Housing Wire
SEPTEMBER 5, 2024
Digital marketing is a powerful tool, but with 61% of marketers identifying generating traffic and leads as their top challenge, and the industry headwinds we’re facing with high interest rates and inventory shortages, budgeting effectively for marketing across paid channels has never been more critical. Situation In today’s competitive market, the pressure to make every marketing dollar count is immense.
Real Estate News
SEPTEMBER 5, 2024
More choices and lower mortgage rates may bring out late-season buyers, and they could have an advantage over those who wait until spring.
Housing Wire
SEPTEMBER 5, 2024
The No. 1 brokerage in the country by transaction sides just got bigger. On Thursday, eXp Realty announced that Brandon Brittingham and his top-producing Maryland-based mega team are making the jump to eXp. Brittingham and his 30-person team, The Maryland & Delaware Group , had previously been brokered at Long & Foster Real Estate. “For me, by far, what eXp could do to support the growth of my business along with their vision, hands down, made the most sense,” Brittingham said in a state
Real Estate News
SEPTEMBER 5, 2024
A new report from ATTOM indicates that select counties in California, New Jersey and Illinois are most at risk of a housing market downturn.
Housing Wire
SEPTEMBER 5, 2024
Retirement in America comes with a lot of concerns related to finances and health, with both of these issues often being intertwined. Long-term care is emerging as a key concern for older Americans, especially since its costs will most likely need to be covered from a fixed income. This is one reason why home equity can be a notable difference-maker and should be part of the conversation.
Appraisal Buzz
SEPTEMBER 5, 2024
Despite home equity lending volume remaining relatively flat in 2023 compared to 2022, outstanding home equity debt increased, according to the Mortgage Bankers Association’s (MBA) 2024 Home Equity Lending Study. Speaking about analysts’ findings, MBA’s VP of Industry Analysis Marina B. Walsh, CMB said that the number of home equity originations did not increase by much, despite reasons to believe they might.
Housing Wire
SEPTEMBER 5, 2024
Dan Snyder rarely steps into the spotlight, but his name, strategic moves and execution are talked about frequently in mortgage banking circles. This changes on Oct. 1, 2024, when Snyder, the CEO of Lower , steps on to the main stage at the George W. Bush Presidential Library in Dallas for the HousingWire IMB Summit. A HousingWire Vanguard winner , Snyder has built a world-class executive team that includes Selene Kellam , Randall Gillespie , Craig Montgomery and Amir Syed.
Inman
SEPTEMBER 5, 2024
Getting ready to be coached isn't just about wanting to change, coaches Melanie Klein and Emily Bossert write. It's about being prepared to do the work it will take to change.
Housing Wire
SEPTEMBER 5, 2024
U.S. home-price growth is predicted to finish this year at 4.7% before slowing to 3.1% in 2025, according to a quarterly survey of housing experts conducted by government-sponsored enterprise (GSE) Fannie Mae. The third-quarter 2024 survey polled more than 100 mortgage, real estate and academic experts to determine its predictions in partnership with data analytics firm Pulsenomics LLC.
Inman
SEPTEMBER 5, 2024
Katherine Bell and Maddy Petrini are bringing their Bell and Petrini team to Coldwell Banker's Back Bay office. The team has done $47 million in sales this year, according to the brokerage.
Housing Wire
SEPTEMBER 5, 2024
Housing markets across the country have stalled due to elevated mortgage rates and limited for-sale inventory , but some counties are at risk of a more dramatic downturn. That’s according to a report released Thursday by Attom , which concluded that areas around New York City, Chicago and inland California are most at risk of a housing downturn, while areas in the South and Midwest are less vulnerable.
Inman
SEPTEMBER 5, 2024
After the cast viewed screeners of the new season earlier this week, some took to social media in protest of so-called "lies" making the final cut. O Group founder Jason Oppenheim said the group's dynamic keeps viewers returning for more.
Housing Wire
SEPTEMBER 5, 2024
The mood in the real estate industry has been gloomy since it was rocked by the $418 million settlement of antitrust lawsuits by the National Association of Realtors (NAR) in March, but brokerages are pulling out all the stops to change that. The latest is The Agency, which will launch a “live coaching network” designed to equip agents with best practices and positive vibes during a time of intense uncertainty.
Inman
SEPTEMBER 5, 2024
Coach Verl Workman outlines lessons shared at Inman Connect Las Vegas this summer to examine the future of teams and how they'll fit into a changing real estate industry.
Housing Wire
SEPTEMBER 5, 2024
Mortgage lender and servicer OCMBC has acquired HomeStar Financial Corp. , marking a significant expansion across the country. The acquisition formally closed on Aug. 29, OCMBC announced Thursday. The terms of the deal were not disclosed. “Their extensive experience in servicing and their commitment to providing outstanding customer service align perfectly with our values at OCMBC,” Serene Vernon, president of OCMBC, said in a statement.
Inman
SEPTEMBER 5, 2024
Discover the key principles of business ethics in real estate for 2024 with Chris Pollinger. Learn how integrity, transparency and ethical decision-making can elevate your career and build lasting client relationships.
Housing Wire
SEPTEMBER 5, 2024
How do some firms grow regardless of the housing market dynamics? HousingWire Research looked at key performance metrics and interviewed owners and operators of the RealTrends Verified GameChangers to find out the strategies that led to their growth. Access your growth playbook From the pandemic-fueled frenzy to the sobering reality of a post-pandemic slowdown,, real estate brokerages were locked in a relentless quest for growth—eager to expand market share while trimming operational fat.
Inman
SEPTEMBER 5, 2024
CoStar filed a motion on Wednesday asking the court to deny Move's amended preliminary injunction due to forensic data that allegedly proves a former Realtor.com editor never shared Move-owned files with the company.
Eyes on Housing
SEPTEMBER 5, 2024
House price appreciation was recorded in all 50 states and the District of Columbia. Limited resale inventory and strong growth in demand continued to put upward pressure on house prices. Nationally, house prices grew at a relatively slower pace, compared to double-digit annual growth during the COVID-19 pandemic. According to the quarterly all-transactions House Price.
Inman
SEPTEMBER 5, 2024
Kathleen Lappe, the founder and CEO of a multi-lingual AI property marketing solution, has been named Innovator of the Year at the National Association of Realtors’ 2024 Innovation, Opportunity & Investment (iOi) Summit.
Eyes on Housing
SEPTEMBER 5, 2024
The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, saw a month-over-month increase of 10.7% on a seasonally adjusted (SA) basis. Compared to last August, the index increased by 20.8%. While the Purchase Index declined by 2.9%, month-over-month, the Refinance Index jumped 30.8% as borrowers.
Inman
SEPTEMBER 5, 2024
The East Asian island country has experienced decades of near-0 percent interest rates and an abundance of inventory, but the government has started to increase rates as wages have seen a boost.
BiggerPockets
SEPTEMBER 5, 2024
Everything you need to make the most out of your trip to BPCON!
Inman
SEPTEMBER 5, 2024
Living in New York City remains undeniably expensive, with sale prices in some neighborhoods reaching $7.5 million, yet out-of-state buyers are still drawn to the city, according to "The New York Times.
BiggerPockets
SEPTEMBER 5, 2024
One startup is aiming to end traditional real estate commissions for good.
Inman
SEPTEMBER 5, 2024
Keller Williams Las Vegas agent Albie Vas acted quickly on Tuesday when he spied a burglary in progress at one of his listings. "I was like, ‘I’ve got bad news. Your house is actively getting robbed.
Mortgagebroker News
SEPTEMBER 5, 2024
Third time's the charm, but is it enough to bring homebuyers back to the market?
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