Mon.Dec 18, 2023

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Builders cheer up as mortgage rates fall

Housing Wire

A decline in mortgage rates since November helped end four months of declines in builder confidence. Recent economic readings suggest improving housing conditions in 2024. Builder confidence gained three points to 37 in December, the first monthly increase since July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Mortgage 497
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What happens with mortgages if there’s a recession?

Real Estate News

Even if the hoped-for economic “soft landing” isn’t so soft, don’t expect to see a wave of short sales and foreclosures next year.

Mortgage 306
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NAR president vows to continue to fight commission lawsuits

Housing Wire

In her first national interview since a Missouri jury found the real estate industry liable for colluding to artificially inflate real estate agent commissions, National Association of Realtors (NAR) president Tracy Kaspe r said the trade group would continue to advocate for what it feels is best for consumers. “We will continue to fight,” Kasper told Kelly Evans of CNBC’s The Exchange last Thursday.

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Jason Gesing steps away from eXp board, sells stock

Real Estate News

The former eXp CEO is resigning from the company’s board and reported selling 60,000 shares of company stock last week.

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Housing groups jointly sign letter urging full funding for FHA, Ginnie Mae

Housing Wire

A coalition of seven housing interest groups including the Mortgage Bankers Association (MBA), the Community Home Lenders of America (CHLA), the National Association of Realtors (NAR) and the National Reverse Mortgage Lenders Association (NRMLA) have co-signed a letter urging the full funding of both the Federal Housing Administration (FHA) and Ginnie Mae.

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Trends 2024: 6 things brokerage leaders should do as buy-side shifts loom

Real Estate News

As lawsuits over agent compensation multiply, it’s important for leaders to assess agreements, training and how buyer agency adds value to their business.

Brokerage 264

More Trending

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Leaders in luxury: Mayi and Daniel de la Vega

Inman

How one family turned their brokerage into a beacon of innovation and excellence. Mother-son team Mayi and Daniel de la Vega have led ONE Sotheby’s International Realty to emerge as the definitive luxury leader representing Florida’s East Coast.

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Immigrant Share in Construction Highest on Record

Eyes on Housing

After years of being unable to ratchet up the number of new workers coming from outside the U.S. to help with persistent labor shortages, the construction industry reversed this trend and managed to attract over 90,000 new immigrant workers, levels unseen since the housing boom of 2005-2006.

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Top 11 reasons homeowners should sell during the holidays

Inman

Don't let sellers put off listing until 2024. Coach Darryl Davis says it's time to share the good news about hitting the market during the holiday season.

Sellers 197
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Builder Sentiment Rises on Falling Interest Rates

Eyes on Housing

Falling mortgage rates helped end a four-month decline in builder confidence, and recent economic data signal improving housing conditions heading into 2024. Builder confidence in the market for newly built single-family homes rose three points to 37 in December, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

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Builder sentiment improves on heels of falling mortgage rates

Inman

Builder confidence in the market for single-family homes rose three points to a score of 37 during December, the first monthly improvement since August.

Mortgage 192
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ProTip: Checkboxes and Checkbox Groups

GoForrmz

Checkboxes and Checkbox Groups: What’s the difference, and when should you use one versus the other? When creating a digital form, you may need to capture more than an electronic signature. For example, a contractor may need a customer to sign and also select the service they would like to receive. Whether you’re creating a survey, timesheet template , or any other type of form, checkboxes are an easy way to make selections.

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MLS Reinvented: A manifesto for the Industry

Inman

Join the conversation about the future of the MLS at Inman Connect New York in January, where we’ll be discussing this manifesto, and much more.

Agents 183
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Embracing Gen Z Renters Is the Next Big Opportunity for Investors

BiggerPockets

The demographics of renters are changing fast. Here's what the next generation is looking for, and how investors can capitalize.

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Bret Calltharp: The maestro behind real estate success stories

Inman

In the latest in his Snapshot series, team leader Brandon Doyle talks to Bret Calltharp, director of agent engagement at MoxiWorks, about helping others reach success beyond what they thought they could achieve.

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What is a Mortgage Broker?

BiggerPockets

Before a soon-to-be homeowner takes out a mortgage, they should understand what a mortgage broker is, the benefits of using one, and how to choose the best broker. This guide can help borrowers decide if using a mortgage broker is the right decision.

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Sellers say Compass agent flooded their home, then ghosted them

Inman

Aaron Schwid and Youngkey Chung trusted Compass agent Matt Isbell with the sale of their home, in part because he had appeared on "Million Dollar Listing." But evidence shows his actions may have set off the home's sprinklers and flooded it while the couple was away.

Agents 166
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A Look Back at the Top Stories In 2023 That Shaped the Housing Market

BiggerPockets

2023 provided an exciting mix of good news, ugly news, just plain bad news, and some so-so news.

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Top 20 things Realtors really want for Christmas in 2023

Inman

Forget Cross pens and Starbucks gift cards. According to mega-team leader Carl Medford, here's what's really on the wishlist of every real estate pro right now.

Realtors 158
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How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss

BiggerPockets

Do you lean into data when analyzing real estate deals? In a competitive market, ANY kind of advantage goes a long way towards helping you land better deals.

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Property Damage Coverage: Real Estate Investor Guide to Protection and Peace of Mind

Mashvisor

Real estate investing is a lucrative venture, but it comes with inherent risks, particularly in the realm of property damage.

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How I Turned My Tiny Side Hustle into a Multi-Million Dollar Business

BiggerPockets

How do you turn a TINY side hustle into a full-on income stream?

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Mortgage broker hit with major penalty

Mortgagebroker News

He will also be suspended for three months

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The Housing Market Could Get Ugly or Surge—These Investors Say It’s Somewhere in Between

BiggerPockets

What will the housing market look like for real estate investors in 2024? Will the much-predicted recession finally hit the U.S. economy?

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Are non-banks shrinking around the globe?

Mortgagebroker News

Regulators to examine whether assets held in non-banks reflect interest rates

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Agent vs. REALTOR®: Why the Difference Matters

Lamacchia Realty

AGENT VS. REALTOR: WHY THE DIFFERENCE MATTERS Often, we hear the terms “real estate agent” and “REALTOR ®” being used synonymously. To the everyday buyer and seller , they may not think there is much of a difference between the two. What many consumers don’t realize is there are some key distinctions of a REALTOR® that will benefit them in their real estate endeavors.

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Federal government announces investment for construction of 657 rental units

Mortgagebroker News

It will invest more than $215 million

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Real Estate Insurance: Essential Coverage for Property Owners

Mashvisor

In the realm of real estate, uncertainty is a constant companion.

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Bank of Canada governor considers rate cuts but says it is still too early

Mortgagebroker News

A sustained downward trend on price pressures will make the Bank consider lowering the policy rate

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What is the outlook for alternative lending in Canada?

Mortgagebroker News

There has been a huge spike in recent years - but what happens next

Lending 81
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What's happening with Canada housing starts?

Mortgagebroker News

Latest figures have been released

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