Housing Wire

JULY 17, 2024

There is no escaping the reality that the recent NAR/Sitzer/Burnett settlements is already changing the real estate world as we know it. Amongst the most substantial terms of that agreement is a blanket ban on the requirement that agents subscribe to MLSs to offer or accept compensation for their work. There has been quite a bit of discussion already about how this will impact the traditional residential purchase.

Real Estate 468

Real Estate Agents Training Buyers 468

Appraisal Buzz

JULY 17, 2024

Down Payment Resource (DPR) is showcasing 18 U.S. homebuyer assistance programs that are especially made to support persons with disabilities and their family caregivers on their road toward homeownership in honor of Disability Pride Month, which takes place in July. 18 of the 2,300+ U.S. homebuyer aid programs in DPR’s database are especially designed to support accessibility and inclusivity for prospective homeowners with disabilities, while individuals with impairments may be eligible for any

Renovations 367

Renovations Buyers Design Mortgage 367

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

Buyers 467

Buyers Inventory Realtors Real Estate 467

Appraisal Buzz

JULY 17, 2024

In today’s episode, we welcome back Shawn Telford, the Chief Appraiser and Valuation Officer for CoreLogic. Shawn takes us through his journey in the appraisal industry and his influential role at CoreLogic. Then we delve into the upcoming UAD changes, their implications for appraisers, and the timeline for these significant updates. Plus, get a sneak peek into the panel discussion Shawn will lead at Val Expo on August 21st, alongside industry experts Lee Trice and James Heaslet.

Appraisal 367

Appraisal Valuation Modernization 367

Housing Wire

JULY 17, 2024

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. That was the key conclusion of the Summer 2024 Investor Sentiment Survey released Wednesday by Connecticut-based mortgage lender RCN Capital and conducted by business advisory firm CJ Patrick Co.

Real Estate 397

Real Estate Investors Insurance Investing 397

Appraisal Buzz

JULY 17, 2024

U.S. Sen. Sherrod Brown , Chair of the Senate Committee on Banking, Housing, and Urban Affairs , and Sen. Mike Braun have announced the Senate passage of their legislation, the VA Home Loan Awareness Act , to help inform veteran homebuyers of their eligibility for the VA home loan program, which will assist more veterans in achieving the dream of homeownership.

Legal 221

Legal Law Design Insurance 221

Real Estate News

JULY 17, 2024

The TV star and founder of The Agency says running an association is “a pain” but sees opportunities to improve the agent experience and “fragmented” MLS space.

Agents 249

Agents 249

Housing Wire

JULY 17, 2024

Six U.S. regulators announced on Wednesday that they have approved a final rule that requires mortgage originators and secondary market issuers to impose quality control standards for their automated valuation models (AVMs). In June , the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) announced their approval of the final rule.

Valuation 347

Valuation Technology Law Insurance 347

Real Estate News

JULY 17, 2024

High mortgage rates, which increase the cost of buying, should push prices down — right? But the relationship between rates and home prices isn’t that simple.

Housing Market 250

Housing Market Marketing Mortgage 250

Housing Wire

JULY 17, 2024

A newly released episode of the Real Estate Insiders Unfiltered Podcast explores the future state of buyer and seller relationships in the housing market after the National Association of Realtors ‘ (NAR) business practice changes take effect Aug. 17. Co-hosts James Dwiggins and Keith Robinson chatted with industry expert Ed Zorn to address key questions that real estate agents may have in the wake of recent Department of Justice investigations targeting several organizations, including th

Sellers 339

Sellers Real Estate Buyers Legal Fees 339

Appraisal Buzz

JULY 17, 2024

About 93% of adult zoomers – the generation born in the 15-year span from 1997 to 2012 – want to own a home, with 58% saying they want to own property so they can be rich and wealthy someday, a survey conducted by Clever finds. But with high interest rates and a lack of available homes sending prices soaring, 60% of Gen Z worry they might never own a home, the survey of 1,000 zoomers reveals.

Appraisal 195

Appraisal Mortgage 195

Housing Wire

JULY 17, 2024

Survey data released Wednesday by F&G Annuities & Life Inc. shows that economic realities and other considerations are driving Americans to either delay or come out of retirement. F&G’s newly released Retirement Reconsidered survey , which was conducted in May across a sample of 2,048 respondents ages 50 and older, found that 51% of this cohort are thinking of reentering the workforce or pushing back their retirement plans.

Insurance 332

Insurance Clients Tools Finance 332

Appraisal Buzz

JULY 17, 2024

Total mortgage application volume increased 3.9% during the week ended July 12, driven by a significant drop in mortgage rates that resulted in a surge in refinances, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. The average rate for a 30-year fixed-rate mortgage decreased to 6.87%, down from 7% the previous week.

Mortgage 195

Mortgage Appraisal 195

Housing Wire

JULY 17, 2024

Compass continues to welcome top-producing agents to the firm. Earlier this month, the brokerage announced that it was welcoming 30 agents in South Florida from the Engel & Völkers -brokered SWF Premium Real Estate Team. The team will be part of Compass’ newly opened office in downtown Naples. “We are thrilled to announce Compass’ new real estate office in Downtown Naples on Fifth Avenue,” Adam Vellano, managing director at Compass, said in a statement.

Agents 329

Agents Brokerage Real Estate Clients 329

George Dell

JULY 17, 2024

Who you knew was important when I was a trainee. What you knew was simple: compare comps. Find some comps. Make adjustments. Or — avoid adjustments. (My expert MAI trainer said “if you make adjustments, then the other attorney will ask you how you got the number.” “Just say better, worse, or similar!) Finding comps […] The post Who You Know or What You Know?

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195

Real Estate News

JULY 17, 2024

Staten Island MLS adds Checkmate software; lender NEO leverages zavvie's cash-offer platform; Reliance adds AI-powered marketing tools.

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Tools Marketing 233

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 189

Contracts Buyers Sellers Brokerage 189

Real Estate News

JULY 17, 2024

The proposed regulation — the first of its kind — comes at a time when the real estate is already dealing with lawsuits over unsolicited texts and calls.

Real Estate 211

Real Estate 211

Appraisal Buzz

JULY 17, 2024

Non-QM lender A&D Mortgage has launched a new loyalty program designed to recognize and appreciate the dedication and commitment of its broker partners. The firm’s new ADvantage Partner program is set to transform the way mortgage brokers operate, providing them with unparalleled benefits and rewards while revolutionizing their businesses, A&D Mortgage says in a release.

Mortgage 150

Mortgage Training Design Appraisal 150

Inman

JULY 17, 2024

Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice.

Clients 171

Clients Lending Agents Mortgage 171

Eyes on Housing

JULY 17, 2024

Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Construction 160

Construction Development Mortgage 160

Inman

JULY 17, 2024

Housing affordability will remain an issue at the forefront of the upcoming presidential election, where swing states will determine the next president and the future of housing costs.

Home Value 162

Home Value Housing Market Brokerage Marketing 162

JMV Lending

JULY 17, 2024

We have seen an onslaught of low appraisals recently. The primary reason is that the market is heating up in some areas – so offers are coming in that are higher than all of the closed comparable sales in the immediate neighborhood. The post “It’s Raining Low Appraisals” Why & What To Do appeared first on JVM Lending.

Appraisal 78

Appraisal Lending Marketing Market Value 78

Inman

JULY 17, 2024

As the U.S. dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in U.S. real estate, according to a new report from NAR.

Buyers 150

Buyers Real Estate Investing Realtors 150

BiggerPockets

JULY 17, 2024

With so many ways to invest in real estate today, finding the right path for you can be tough. Take a look at what Brian is considering.

Investing 81

Investing Real Estate 81

Inman

JULY 17, 2024

Leading during times of change is undoubtedly challenging, new Inman contributor Justin Bailey writes, but it also presents an opportunity to propel education, build stronger teams and enhance relationships.

Realty 149

Realty Brokerage Marketing Agents 149

BiggerPockets

JULY 17, 2024

Airbnb bans escalate, a “tsunami” could be coming for this real estate niche, and “sinking” cities lead to skyrocketing insurance prices.

Insurance 81

Insurance Real Estate Housing Market Marketing 81

Inman

JULY 17, 2024

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures.

Mortgage 143

Mortgage 143

BiggerPockets

JULY 17, 2024

Want financial freedom through real estate? Then, you’ll need to know how to buy a rental property.

Real Estate 80

Real Estate 80

Inman

JULY 17, 2024

Maria Avellaneda rejoins KWNYC after six years at Compass. She will focus on ultra-luxury transactions and lead the franchise’s luxury market in the Hamptons.

Agents 152

Agents Marketing Real Estate Brokerage 152

Lamacchia Realty

JULY 17, 2024

Yesterday afternoon, Nicole Vermillion was featured on a CBS Boston News segment to discuss the potential changes coming to the rental industry. Nicole is someone who is always willing to share her industry knowledge with the public, having previously appeared on CBS not once , not twice , but THREE other times! To watch the full segment, click here or on the image to the right.

Realty 58

Realty 58

Inman

JULY 17, 2024

Waltz promises to use its software-enabled workflow to reduce the time and number of administrative hurdles non-citizens face when looking to invest in the U.S., stating it can be done fewer than 30 days.

Real Estate 133

Real Estate Investors Investing Tools 133

BiggerPockets

JULY 17, 2024

Yes, investment properties can qualify for the program if they meet certain requirements.

Real Estate 77

Real Estate Investing 77

Inman

JULY 17, 2024

One issue for would-be homebuyers seeking jumbo mortgages is that rates haven't come down as dramatically as they have for conforming mortgages eligible for purchase by Fannie Mae and Freddie Mac.

Mortgage 129

Mortgage Marketing 129