Housing Wire

FEBRUARY 29, 2024

The Federal Housing Finance Agency (FHFA) announced on Thursday that the transition to new credit score requirements is expected to occur in the fourth quarter of 2025, a decision commended by the mortgage industry. That’s when the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will acquire single-family loans based on the FICO 10T and VantageScore 4.0 credit models, replacing the Classic FICO score that has been in place for decades.

Government 501

Government Lending Mortgage Finance 501

Sacramento Appraisal Blog

FEBRUARY 29, 2024

I’ve been asked this question twice this week. Is it a problem to remove the tubs from each bathroom? People planning a remodel asked if it was a big deal or not to only have a walk-in shower in each bathroom. Here are my thoughts, and I really want to hear from you too. Anything […] The post Is it a problem to remove all bathtubs in a house?

Appraisal 426

Appraisal Market Value Real Estate Marketing 426

Housing Wire

FEBRUARY 29, 2024

Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 6.26% this week, down from 6.29% during the prior week.

Mortgage 493

Mortgage Construction Buyers Inventory 493

Real Estate News

FEBRUARY 29, 2024

While pending sales reversed course last month, experts blamed seasonality and less favorable borrowing rates for the lack of activity from buyers.

Buyers 290

Buyers 290

Housing Wire

FEBRUARY 29, 2024

Real estate agents gathered at the Palladium Theater in New York City’s Times Square on Thursday to learn networking and lead generation strategies from some of the nation’s top luxury real estate agents at the Goldbar Live conference. While every real estate professional had their own nuggets of advice to share, one overarching theme was agents’ belief in manifesting their success.

Agents 468

Agents Real Estate Real Estate Agent Marketing 468

Real Estate News

FEBRUARY 29, 2024

There are signs that inventory is building, which could take some pressure off the market and increase options for buyers who can stomach the elevated rates.

Inventory 279

Inventory Buyers Mortgage Marketing 279

Inman

FEBRUARY 29, 2024

The companies' integrated technology will streamline the process to make Opendoor cash offers available to eXp's tens of thousands of agents.

Technology 193

Technology Agents Realty 193

Housing Wire

FEBRUARY 29, 2024

Opendoor and eXp Realty officially launched their new partnership on Thursday, Inman first reported. This integration is making Opendoor cash-offer solutions available to eXp Realty’s nearly 90,000 agents. Last October , the iBuyer announced that it was teaming up with eXp Realty to be the primary cash-offer solution powering eXp’s ExpressOffers platform.

Realty 459

Realty Agents Clients Sellers 459

Inman

FEBRUARY 29, 2024

In 2010, the Berkshire Hathaway Inc. CEO said that fewer housing starts can help lay the foundation for a more balanced market down the line. His own company's recent investments in home builders show commitment to that principle.

Marketing 188

Marketing Investing Housing Market Finance 188

Housing Wire

FEBRUARY 29, 2024

January pending home sales leveled off after December’s surge but remained steady. The softening in sales was primarily a factor of wintry weather rather than declining demand, according to Bright MLS chief economist Lisa Sturtevant. Pending home sales dropped 4.9% month over month in January, according to the newest data from the National Association of Realtors (NAR).

Contracts 459

Contracts Inventory New Listings Realtors 459

Inman

FEBRUARY 29, 2024

Fannie and Freddie's federal regulator wants lenders to synchronize adoption of bi-merge credit reporting with more inclusive FICO Score 10T and VantageScore 4.0 scoring models.

Mortgage 187

Mortgage 187

Housing Wire

FEBRUARY 29, 2024

Sahil Chhabra is bringing his 21-agent team, the Chhabra Group , to eXp , as a so-called “mega team,” the brokerage announced on Thursday. Based in Calgary, Alberta, the Chhabra Group was previously affiliated with RE/MAX. Conversations with eXp top producers Justin Havre and Ibrahim Hussein informed Chhabra’s decision. Since joining the real estate industry in 2020 after a career in the hospitality sector, Chhabra has accumulated an aggregate sales volume exceeding $425 million, according to a

Brokerage 454

Brokerage Agents Real Estate Clients 454

Inman

FEBRUARY 29, 2024

Want to stand out from the crowd of real estate professionals? Take a tip from Milena Monet and emulate some of the business world's biggest names.

Clients 187

Clients Real Estate Business Agents 187

Housing Wire

FEBRUARY 29, 2024

Editor in Chief Sarah Wheeler sat down with Dan Stewart, founder and CEO of Happy Grasshopper , to talk about the company’s tech strategy in creating content that resonates with consumers. Storytelling is key to the company’s success and Stewart’s own story explains how he stays cool in any market cycle. Turns out being stranded at sea in shark-infested waters puts everything else in perspective.

Real Estate 448

Real Estate Agents Technology Business 448

Inman

FEBRUARY 29, 2024

Real estate’s Q4 earnings calls have finally wrapped. From RE/MAX’s CEO exit to Airbnb’s $10 billion year, we’ve rounded up the top stories all in one place. Here’s what you might have missed.

Brokerage 186

Brokerage Agents 186

Housing Wire

FEBRUARY 29, 2024

The plaintiffs in the Nosalek commission lawsuit and defendant MLS Property Information Network (MLS PIN) have teamed up to ask Judge Patti B. Saris if they can file separate responses to the statement of interest from the Department of Justice (DOJ). The joint motion was filed on Wednesday by MLS PIN, Jennifer Nosalek, Randy Hirschorn and Tracy Hirschorn.

Contracts 448

Contracts Legal Sellers Buyers 448

Inman

FEBRUARY 29, 2024

A key Fed inflation metric, the PCE price index, continues to drop toward the Fed's 2 percent inflation target, falling from 2.6 percent annual growth in December to 2.4 percent in January.

Mortgage 185

Mortgage Marketing 185

Housing Wire

FEBRUARY 29, 2024

Liberty Reverse Mortgage , a top 10 reverse mortgage lender owned by Ocwen Financial Corp. and its subsidiary PHH Mortgage Corp., allegedly violated California labor laws by failing to provide employees with rest breaks, meal breaks and appropriate compensation for off-the-clock and overtime work, according to a newly filed class-action lawsuit. The suit, filed by former Liberty employee Michaela LaNere in Sacramento County Superior Court , seeks to recoup lost wages and other associated damages

Law 445

Law Legal Fees Mortgage Legal 445

Inman

FEBRUARY 29, 2024

Find out how luxury specialist Leonie ter Brugge brings her global perspective to serving clients who've fallen in love with Spain's Mediterranean coastline.

Clients 183

Clients Brokerage 183

Housing Wire

FEBRUARY 29, 2024

Economics professor Teresa Ghilarducci of The New School in New York recently painted a dire picture of the retirement situation in the U.S., calling on policymakers to enact what she calls a “Gray New Deal,” recalling the economic relief and stimulus efforts of President Franklin D. Roosevelt implemented during the Great Depression. Speaking in Washington, D.C., at a policy conference for the National Institute on Retirement Security , Ghilarducci laid out her proposal and a series of what she

Insurance 444

Insurance Finance Technology Development 444

Inman

FEBRUARY 29, 2024

How far do you have to drive in your state to receive quality maternal health care? To receive emergency services? These kitchen table issues are on your prospect's minds, Rachael Hite writes.

Agents 182

Agents Marketing 182

Boston Appraisal

FEBRUARY 29, 2024

The post Factors that affect your property value appeared first on Boston Appraisal Services.

Appraisal 148

Appraisal 148

Inman

FEBRUARY 29, 2024

The new Podium program aims to give agents an easy way to sell their most difficult properties to investors.

Investors 182

Investors Agents Investing Real Estate 182

Appraiserblogs

FEBRUARY 29, 2024

Should “property data collectors” who inspect properties and provide information to real estate appraisers be licensed by state appraiser boards? In Mississippi, a bill has been introduced this week to require exactly that. The legislator behind the bill happens to be an appraiser. HB1663 would establish a license category for property data collectors under the jurisdiction of the Mississippi Real Estate Appraisal Board.

Law 123

Law Inspection Real Estate Appraisal 123

Inman

FEBRUARY 29, 2024

In this week's Inman Access class, industry experts sit down to discuss personal branding, the importance of being authentic and proven strategies to level up your marketing game.

Marketing 179

Marketing Agents 179

BiggerPockets

FEBRUARY 29, 2024

There is no right or wrong way to invest in real estate. All that matters is that you’re comfortable with your strategy and positioned to generate a positive return on investment (ROI). However, it never hurts to compare all your options—and that means taking a closer look at short-term vs. long-term real estate investing.

Real Estate 92

Real Estate Investing 92

Inman

FEBRUARY 29, 2024

The technology platform is designed to improve marketing for listings. Now, Howard Hanna agents will get to exclusively offer the tool to their clients in Pittsburgh and Cleveland.

Design 177

Design Tools Technology Clients 177

BiggerPockets

FEBRUARY 29, 2024

There are grants for real estate investors available. These grants are typically designed for specific purposes, but let’s discuss some of the most popular real estate investment grants available in 2024.

Real Estate 91

Real Estate Investing Design Investors 91

Inman

FEBRUARY 29, 2024

Century 21 has expanded its presence in South Florida with Soflo Home Realty, a six-year-old woman-led brokerage in Delray Beach. Broker-owner Roberta Lucas and her 15-agent team serve buyers and sellers across Broward, Miami and Palm Beach counties.

Realty 177

Realty Brokerage Sellers Agents 177

BiggerPockets

FEBRUARY 29, 2024

There are plenty of hedge funds investing in real estate in 2024. As an investor, you can learn a lot about the real estate market—including where to invest—by closely following these hedge funds and their performance.

Real Estate 91

Real Estate Investing Investors Marketing 91

Inman

FEBRUARY 29, 2024

The Boston-headquartered franchise dubbed "Corcoran Property Advisors" is led by brokers-owners Brian Dougherty and Nick Robert who have backgrounds that span hospitality, sales, luxury and design. The firm also has an office in Cohasset.

Design 173

Design Brokerage Agents Marketing 173

BiggerPockets

FEBRUARY 29, 2024

Everyone wants to reach financial independence as soon as possible.

90

90

Inman

FEBRUARY 29, 2024

Pending home sales dropped off 4.9 percent between December and January, and were down 8.8 percent year over year.

Mortgage 172

Mortgage Marketing 172

BiggerPockets

FEBRUARY 29, 2024

Fannie Mae is predicting a serious change in the multifamily real estate market. Ever since interest rates began to rise, multifamily has been on a downward spiral.

Real Estate 90

Real Estate Marketing 90