Housing Wire

SEPTEMBER 26, 2023

New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. But they still only have 76,000 completed units for sale today. That’s right — for all the hype of massive housing inventory coming from the builders, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved.

Inventory 524

Inventory Construction Housing Market Marketing 524

Real Estate News

SEPTEMBER 26, 2023

Prices in July topped last year’s high, but slowing demand due to elevated mortgage rates is expected to bring price declines and soften new home sales.

Mortgage 296

Mortgage 296

Housing Wire

SEPTEMBER 26, 2023

After a boost in July, the sales pace of new homes slowed in August, according to data published on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development ( HUD ). In August, the sales pace of new homes fell 8.7% compared to July , reaching a seasonally adjusted annual rate of 675,000. On a year-over-year basis, new home sales were up 5.8%.

Inventory 511

Inventory Buyers Construction Sellers 511

Real Estate News

SEPTEMBER 26, 2023

Industry heavyweights — and former rivals — Spencer Rascoff and Glenn Kelman addressed some of the toughest issues facing real estate in a lively discussion.

Real Estate 294

Real Estate 294

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

Construction

Housing Wire

SEPTEMBER 26, 2023

Available inventory of homes for sale is on the rise in late September, which is very unusual for this time of year. In fact, inventory is growing faster than this time a year ago. This is a demand-driven slowdown, because new listings supply is still running 9% to 10% fewer homes for sale each week than this time last year. We’re seeing fewer new sellers each week, but inventory is building as homebuyers wait to see if mortgage rates will come down to make purchases more affordable.

Inventory 505

Inventory Contracts New Listings Mortgage 505

Housing Wire

SEPTEMBER 26, 2023

After three consecutive months of annual price declines, home prices in July were up 0.98%, according to the S&P CoreLogic Case-Shiller Home Price Index. Month-over-month, the U.S. National Index posted an increase of 0.6%, while the 10-City posted a 0.8% increase and 20-City Composite a 0.9% increase. “U.S. home prices continued to rally in July 2023,” Craig Lazzara, managing director at S&P DJI , said.

Inventory 482

Inventory Housing Market Lending Buyers 482

Inman

SEPTEMBER 26, 2023

Sales of newly built homes dropped 8.7 percent in August to a seasonally adjusted annual rate of 675,000.

Marketing 193

Marketing 193

Housing Wire

SEPTEMBER 26, 2023

Plunk , an AI-powered home analytics platform, has partnered with two real estate industry marketing companies, Union Street Media and Realforce , to scale its real-time data and analytics across multiple digital channels. Plunk’s platform offers real-time insights into home valuation , risk assessment, and remodeling possibilities. The company is partnering with Union Street Media, a leader in business strategy marketing, providing integrated campaigns across web, mobile, voice, search engine o

Real Estate 468

Real Estate Marketing Valuation Technology 468

Inman

SEPTEMBER 26, 2023

Chris Smith joins Keller Williams from Latter & Blum. The move comes as major real estate brands compete intensely for top talent.

Agents 193

Agents Real Estate Realty Realtors 193

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Housing Wire

SEPTEMBER 26, 2023

Homebuyers and homeowners in California have a reason to celebrate. The state’s top insurance regulator announced last Thursday that new rules are in the works to persuade insurers to remain in the state. Over the past 12 months, seven of the 12 largest insurance companies by market share in California have either paused or restricted new policies in the state, highlighted by the departures of State Farm and Allstate in early June 2023.

Insurance 448

Insurance Construction Agents Marketing 448

Inman

SEPTEMBER 26, 2023

As Re-convene returns to Santa Monica this week, investors nationwide will be following along on Twitter, where an enthusiastic community of investors has leaned into social media in a big way.

Investors 187

Investors Investing Real Estate Technology 187

Housing Wire

SEPTEMBER 26, 2023

To reach a key financial goal in 2026, Blend Labs plans to diversify far beyond mortgage. And it is putting its new cloud-based Blend Builder platform front and center. On Tuesday, executives from the San Francisco, California-headquartered mortgage tech firm, which has yet to post a profit since going public in July 2021, shared the firm’s vision for growth during its first investor day.

Mortgage 448

Mortgage Investors Finance Technology 448

Inman

SEPTEMBER 26, 2023

Bystanders scream in shock as video shows a massive piece of concrete get knocked onto the sidewalk and street below.

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187

Housing Wire

SEPTEMBER 26, 2023

The Federal Housing Finance Agency (FHFA) is moving to consider an amendment to current regulations that restrict Fannie Mae , Freddie Mac and federal home loan banks from purchasing, investing in or dealing in mortgages on properties encumbered by certain types of private transfer fee covenants (PTFCs), according to an entry published in the Federal Register on Tuesday.

Mortgage 448

Mortgage Government Investing Finance 448

Inman

SEPTEMBER 26, 2023

Author and trainer Bernice Ross talks to distressed property expert Rick Sharga about the interest rate lock-in effect, how it's impacting current buyers and sellers, and where the market is headed next.

Sellers 187

Sellers Buyers Marketing Brokerage 187

Housing Wire

SEPTEMBER 26, 2023

Keller Williams New Orleans is getting a major boost. The city’s top agent by both sales volume and transaction sides in 2022 is joining the firm, according to an announcement on Tuesday. Chris Smith, a 20-year industry veteran, is leaving Latter & Blum for Keller Williams New Orleans. Latter & Blum is an independent brokerage based in New Orleans, which serves clients throughout the Gulf Coast, including those in Louisiana , Texas and Mississippi.

Agents 435

Agents Brokerage Clients Real Estate 435

Inman

SEPTEMBER 26, 2023

A discrimination lawsuit filed in August by Shaniqua Newkirk, a Black Section 8 voucher recipient, against several Douglas Elliman agents has brought to light misconceptions about agent obligations when it comes to fair housing.

Agents 187

Agents Law Brokerage 187

Housing Wire

SEPTEMBER 26, 2023

Quinn & Co. Realty Group joined Compass as its founding team in Madison, Wisconsin , the company announced on Tuesday. The team of three, led by principal Liz Quinn, was previously affiliated with Realty Executives. The move comes amid a time of growing demand for second homes and low-tax markets, including those in Wisconsin, according to Compass’s mid-year, ultra-luxury report.

Realty 435

Realty Project Management Agents Technology 435

Inman

SEPTEMBER 26, 2023

U.S. home prices climbed 0.6 percent between June and July and reported an annual increase of 1 percent, erasing earlier declines.

Marketing 183

Marketing 183

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. In this role, McGrew will shoulder the responsibility of marketing the company’s digital products, including the flagship loan origination system (LOS) Mortgage Machine. “As Mortgage Machine Services continues to pioneer technology for the mortgage industry, we knew we needed a seasoned and innovative thinker like Dan to help us deliver these innovations to the masses

Mortgage 435

Mortgage Technology Lending Business 435

Inman

SEPTEMBER 26, 2023

The Pulitzer Prize-winning real estate writer was a pioneering figure in journalism and was one of the early contributors to Inman's industry coverage.

Real Estate 183

Real Estate Agents 183

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. It is also turning Acra’s business into a technology-first one, the statement said. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

Lending 435

Lending Technology Design Investors 435

Inman

SEPTEMBER 26, 2023

More investors are maintaining rental properties from far away. Find out how to make that long-distance landlord more manageable.

Landlords 179

Landlords Investors Investing Real Estate 179

Housing Wire

SEPTEMBER 26, 2023

Ocrolus , an AI-driven financial document automation platform, has launched an enhanced dashboard for mortgage lenders, the company announced on Tuesday. Among other features, the new solution will allow lenders to automate income calculations for both traditional and self-employed borrowers using automated, transparent and flexible worksheets, the statement said.

Mortgage 435

Mortgage Technology Lending Tools 435

Inman

SEPTEMBER 26, 2023

While you probably don't want to listen to those spammy sales calls, they can teach you something about what to do, and what not to do, in your business.

Business 178

Business Agents Marketing 178

Housing Wire

SEPTEMBER 26, 2023

Real estate agents are moving much less between brokerages than the post-pandemic peak seen in the summer of 2021, Relitix’s inaugural Agent Movement Index shows. The index shows the relative degree of movement between real estate brokerages by experienced agents and is indexed to the level of mobility in January 2016. The graph shows that, on a trailing twelve month’s basis, mobility hit its 10-year high in June of 2021 at an index value of 109.4.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Brokerage 435

Eyes on Housing

SEPTEMBER 26, 2023

Elevated mortgage rates and challenging affordability conditions pushed new home sales down to their weakest rate since March. Sales weakened in August with average mortgage rates above 7%. While some builders were able to offset that effect via mortgage rate buydowns, rates moved higher this month, suggesting the pace of new home sales will weaken further for September.

Mortgage 177

Mortgage 177

Housing Wire

SEPTEMBER 26, 2023

Dovenmuehle Mortgage , a top mortgage subservicing company, has appointed Robert Howerton as chief information officer to oversee the company’s IT infrastructure, the company announced on Tuesday. His responsibilities will include maintaining and expanding Dovenmuehle’s current information technology (IT) infrastructure. “Today’s tech-driven mortgage environment demands a leader of Robert’s caliber who can balance thoughtful innovation with maintaining a sound, safe and compliant operating envir

Technology 434

Technology Modernization Development Business 434

Inman

SEPTEMBER 26, 2023

The luxury network's new office in the state of Utah will help provide crucial referrals to clients in feeder markets where Christie's has an existing presence, Inman has learned exclusively.

Real Estate 174

Real Estate Clients Marketing Development 174

Housing Wire

SEPTEMBER 26, 2023

Before the acquisition by Mr. Cooper was completed in August, Home Point Capital agreed to settle for $5 million a class action lawsuit filed in 2021 by investors claiming the company made false and misleading statements related to its initial public offering (IPO). The settlement follows Home Point Capital’s decision to sell the origination business to The Loan Store on April 7, 2023, exiting the mortgage lending business entirely.

Investors 434

Investors Lending Law Business 434

Inman

SEPTEMBER 26, 2023

The feature is in beta mode and, upon formal rollout, will allow agents instant access to room dimensions and total square footage by room and floor, according to an announcement Tuesday.

Agents 172

Agents Realtors Technology Marketing 172

Housing Wire

SEPTEMBER 26, 2023

Mortgage servicer Nationstar , doing business as Mr. Cooper , has filed a lawsuit against electronic payment processing vendor ACI Payments related to the damages it allegedly suffered from unauthorized mortgage payments imposed on its customers two years ago. In June, ACI Worldwide and one of its subsidiaries, ACI Payments, agreed to pay a $25 million civil penalty, without admitting any wrongdoing, for illegally processing $2.3 billion from nearly 500,000 homeowners serviced by Mr.

Mortgage 434

Mortgage Legal Fees Legal Contracts 434