Housing Wire

JANUARY 3, 2024

A secondary school teacher in Colorado makes on average just under $63,000, according to the Bureau of Labor Statistics. If a Colorado teacher making the average salary had $20,000 to put towards a down payment and were willing to spend 30% of their pre-tax salary on their mortgage payment, she could afford a house that cost about $225,000. That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000.

Landlords 488

Landlords Home Value Construction Renovations 488

Real Estate News

JANUARY 3, 2024

Membership fell by more than 17,000 from November to December, and the association posted its first annual decline in more than a decade.

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Housing Wire

JANUARY 3, 2024

Housing experts expect that a boost in apartment inventory in 2024 will dampen rent growth. However, affordability woes will persist. Commercial property firm CBRE estimates that rent prices will only grow 1.2% this year, bringing the vacancy rate above the pre-pandemic level, the Wall Street Journal reported. However, the occupancy rate will remain above 94%, according to CBRE’s U.S.

Inventory 482

Inventory Construction Property Management Real Estate 482

George Dell

JANUARY 3, 2024

An appraisal, everyone knows what is. Or do they? To explore this question, we must consider the theoretical – what USPAP expects. And we must consider what actually happens – in real, practical, practical, practice. In addition, we must consider other “valuations” types. We also might glance at what might be an ideal – given […] The post What IS an Appraisal?

Appraisal 195

Appraisal Valuation 195

Housing Wire

JANUARY 3, 2024

The rising cost of homeowners insurance is weighing more heavily on American homeowners and buyers, according to a survey published Wednesday by Mphasis Digital Risk , a technology services company serving the residential real estate lending industry. The nationwide survey received 1,634 responses from a pool of homeowners and non-homeowners. The vast majority of respondents (90%) expressed concerns about rising homeowners’ insurance costs, while 27% reported that they are considering moving to

Insurance 468

Insurance Real Estate Lending Technology 468

Inman

JANUARY 3, 2024

Recent decline in rates is "some cause for optimism," but requests for purchase loans are still down 12 percent from a year ago.

Mortgage 192

Mortgage Marketing 192

Inman

JANUARY 3, 2024

Proptech has a role to play in how real estate consumers view and interact with the professionals who help them buy and sell homes.

Real Estate 189

Real Estate Agents Technology 189

Housing Wire

JANUARY 3, 2024

The new year is bringing some major changes to Compass CEO Robert Reffkin’s compensation plan. According to a document filed last week with the Securities and Exchange Commission , Reffkin is relinquishing $25 million in performance-based restricted stock unit awards in exchange for a $7 million cash bonus. In addition, his base salary is jumping up to $900,000 from $400,000 in 2022.

Legal Fees 459

Legal Fees Legal Marketing Finance 459

Inman

JANUARY 3, 2024

Kevin Ford achieved viral status for never missing a day of work during 27 years and was able to purchase his first home through a subsequent fundraising campaign.

Marketing 187

Marketing 187

Housing Wire

JANUARY 3, 2024

William Erbey, the controversial founder of Ocwen Financial Corp. , is back as chairman at Altisource Asset Management Corp. (AAMC). The company appointed Erbey to the role of CEO in late December and the board of directors also appointed him as its Chairman, a position he held from March 2012 to January 2015. This comes on the heels of the departure of interim CEO Danya Sawyer, who left in early December.

Business 459

Business Mortgage 459

Inman

JANUARY 3, 2024

To formulate this list of how-tos to start the year off right, Inman's Service Editor Dani Vanderboegh rounded up the top advice and most-read contributors of 2023.

Brokerage 185

Brokerage Agents 185

Housing Wire

JANUARY 3, 2024

As the U.S. population grows older with each passing year, looking for new and novel ways to fund long-term care for the aging population could include home equity. A reverse mortgage can certainly play into this, but another growing dynamic is the divide between higher- and lower-income homeowners. This is according to “ Housing America’s Older Adults 2023 ,” the latest edition of a report published by Harvard University ’s Joint Center for Housing Studies (JCHS) in December.

Design 458

Design Mortgage Development Marketing 458

Inman

JANUARY 3, 2024

Since acquiring SimpleNexus for $933.6 million and rebranding the company, nCino has been signing new clients and cross-selling its new mortgage capabilities to existing customers.

Business 182

Business Mortgage Clients Technology 182

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. The survey, which was conducted between the end of November and the end of December 2023, garnered 136 respondents, with 28 from the Northeast, 26 from the Southeast, 33 from the Midwest, 33 from the Southwest and 16 from the Northwest.

Agents 456

Agents Realtors Clients Real Estate 456

Inman

JANUARY 3, 2024

The Inman Connect team is bringing some amazing and unique networking experiences to our Inman Connect New York attendees this January.

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180

Housing Wire

JANUARY 3, 2024

Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF). In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v. Compu-Link Corporation , the servicer said that the recommendation was made on a more procedural basis rather than the actual merits of Celink’s original motion to dismiss “wit

Legal 452

Legal Property Taxes Design Mortgage 452

Inman

JANUARY 3, 2024

Inman announced that it will expand its live event offerings in 2024, bringing its iconic Inman Connect conferences to Miami, Florida, on May 21-22, 2024, and Austin, Texas, on Oct. 9, 2024.

Marketing 178

Marketing 178

Housing Wire

JANUARY 3, 2024

A U.S. Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. The Cherokee Nation announced it will participate in HUD’s Section 184 Skilled Workers Demonstration Program, which will allow for the construction of multiple rental dwelling units in Cherokee communities that will be provided to skilled workers in multiple professional fields, according to an announcement published by

Human Resources 448

Human Resources Construction Law Contracts 448

Inman

JANUARY 3, 2024

All 200 full-time staff members along with contractors and part-time staff were dismissed during “a two-minute Google Meet call.

Investing 174

Investing 174

Housing Wire

JANUARY 3, 2024

Valuation in the residential brokerage industry has some characteristics that are unique when compared to other industries and businesses. First, the business of residential brokerage is highly dependent on the recruiting, retention and production of independent contractor sales agents. Brokerage firms are not producing goods on a factory line — there are no warehouses holding physical inventory, no retail distribution channels and really, no patentable intellectual property.

Valuation 448

Valuation Brokerage Housing Market Retail 448

Inman

JANUARY 3, 2024

New Inman contributor Bobbie Wasserman offers insights for attracting and assisting single women buyers to maximize their ever-increasing purchase power.

Buyers 171

Buyers Agents Marketing 171

Housing Wire

JANUARY 3, 2024

Deran Pennington, a former Movement Mortgage top sales executive sued for poaching by the lender, filed a counterclaim alleging that Movement breached the contract by failing and refusing to pay his due compensation. In total, he asks for about $13 million. In July, HousingWire reported that Pennington and two other top sales executives – Matt Schoolfield and Chris Shelton – parted ways with Movement Mortgage to join Summit Funding , which led to a legal battle between the parties.

Contracts 448

Contracts Legal Mortgage 448

Eyes on Housing

JANUARY 3, 2024

Due to tightened monetary policy, the count of total job openings for the economy continues to move slower. This is consistent with a cooling economy that is a positive sign for future inflation readings. In November, the number of open jobs for the economy declined to 8.8 million. This is notably lower than the 10.8 million reported a year ago.

Construction 169

Construction Marketing 169

Housing Wire

JANUARY 3, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December.

Loan Officers 448

Loan Officers Development Investors Finance 448

Inman

JANUARY 3, 2024

Tell us all about the best tips, tricks, strategies and insights you gleaned in 2023 that are worth taking with you into 2024.

Agents 162

Agents 162

The Appraiser Coach

JANUARY 3, 2024

A simple concept, but how can you make this apply to real estate appraisal? How do you increase your volume and revenue by creating great offers for your potential clients? Check out this episode!

Real Estate 150

Real Estate Clients Appraisal 150

Inman

JANUARY 3, 2024

Executives, owners and investors at real estate technology companies signaled in responses to November's Inman Intel Index survey that 2024 will be a year of growth. These are their plans.

Business 142

Business Real Estate Technology Investors 142

The Appraiser Coach

JANUARY 3, 2024

With less volume comes more time on your hands. Some appraisers are using that time to attack others. Dustin gives a better solution to how you might spend your extra time. Check out this episode!

Appraisal 150

Appraisal 150

Appraiserblogs

JANUARY 3, 2024

There’s a lot to like about the bylaws of the Association of World Reindeer Herders. The code defines how herders promote professional, commercial and cultural contact in all matters related to reindeer herding. The document sets the gold standard for disseminating information world over about reindeer husbandry. The bylaws were approved at the first Congress of World Reindeer Herders on March 2, 1997.

Appraisal 109

Appraisal Development 109

BiggerPockets

JANUARY 3, 2024

Mortgage rates have been on the decline and are expected to keep falling. What does that mean for inventory and home seller attitudes this year? Here's what you need to know.

Sellers 93

Sellers Mortgage Inventory Real Estate 93

Mortgagebroker News

JANUARY 3, 2024

Majority of the province's homeowners can expect only "modest changes" in values, says assessor

Housing Market 80

Housing Market Marketing 80

BiggerPockets

JANUARY 3, 2024

Fannie Mae's Home Purchase Sentiment Index hit all-time lows last year, but now experts say we've turned a corner. Here's what you need to know.

Real Estate 92

Real Estate 92

Mortgagebroker News

JANUARY 3, 2024

The market will see the impact of expected stability in interest rates in 2024, report predicts

Marketing 76

Marketing 76

BiggerPockets

JANUARY 3, 2024

We all fall victim to fallacies, even the most wealthy do. But the best antidote is staying informed. Here are 10 myths about investing and money.

Investing 92

Investing 92