Housing Wire

MARCH 14, 2024

The U.S. Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. The lawsuit was previously reported by National Mortgage News and Law360. The proposed class-action lawsuit brought by Florida resident Tricia Sarmiento claims that HUD has failed to issue refunds tied to MIP payments on mortgages backed by the Federal Housi

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Insurance Mortgage Development Legal 466

Sacramento Appraisal Blog

MARCH 14, 2024

I heard the best description of the market this week. It made me chuckle, and I hope you like it too. I mean, how can you go wrong when relating the housing market to nachos? I also have some emerging trends to talk about below. UPCOMING SPEAKING GIGS: 3/19/24 WCR Gold Country (details here) 3/21/24 2024 […] The post The housing market is like nachos first appeared on Sacramento Appraisal Blog.

Housing Market 401

Housing Market Marketing Appraisal Construction 401

Housing Wire

MARCH 14, 2024

Investment returns for single-family rental homes are expected to rise in 2024, buoyed by rent prices that are rising faster than home prices across the country. The average annual gross rental yield for a three-bedroom home is projected to be 7.55% in 2024, up from an average of 7.39% for the same markets in 2023. That’s according to a first-quarter 2024 report from ATTOM.

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Investing Investors Marketing Housing Market 431

Real Estate News

MARCH 14, 2024

Rates eased this week, but they will likely remain elevated throughout the spring months as the Fed waits to take action on interest rates.

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Mortgage 290

Housing Wire

MARCH 14, 2024

Hello Divorce , a platform that provides legal assistance to couples in the process of divorce, has introduced a new service, HomeSplit, to help individuals navigate the process of dividing their home’s financial assets. Finding a way to divide a home can be financially and emotionally fraught , and HomeSplit aims to help consumers regain some control over their financial future after the divorce.

Real Estate 429

Real Estate Legal Modernization Clients 429

Real Estate News

MARCH 14, 2024

Three key decisions, including the Sitzer/Burnett judgment, are expected this spring — and they could determine what happens next for the industry.

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Real Estate News

MARCH 14, 2024

A national survey of 1,900 real estate agents found that most are anticipating a good market in the coming six months.

New Listings 224

New Listings Agents Real Estate Agent Real Estate 224

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I think people are getting used to the interest rates where they are now, but there is just a huge lack of inventory,” said Chelsea Newcomb , a RE/MAX Realty Specialists agent based in Charlottesville.

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Inventory Buyers Agents Real Estate 402

Inman

MARCH 14, 2024

Hilton Worldwide Holdings has agreed to pay $210 million for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns.

Real Estate 182

Real Estate Marketing 182

Housing Wire

MARCH 14, 2024

California mortgage tech firm Blend Labs narrowed its loss in 2023 by expanding its consumer banking footprint and growing its mortgage consumer base. The San Francisco-based company reported a non-GAAP net loss of $101.3 million in 2023, down from a non-GAAP net loss of $182.2 million in 2022 , according to data shared in its fourth-quarter and full year 2023 earnings call.

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Retail Mortgage Business Finance 394

Inman

MARCH 14, 2024

AI tools are poised to revolutionize every aspect of real estate, Jimmy Burgess writes. Step out of your comfort zone, and put his recommendations to work for you.

Tools 177

Tools Business Real Estate Technology 177

Housing Wire

MARCH 14, 2024

Like the Department of Justice , the Federal Reserve has decided to weigh in on the real estate agent commission debate. In a working paper published in late February by Borys Grochulski and Zhu Wang of the Federal Reserve Bank of Richmond , the Fed concluded that the current real estate agent compensation structure “may lead to elevated home prices, overused agent services, and prolonged home searches.

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Agents Legal Real Estate Agent Buyers 385

Inman

MARCH 14, 2024

Fathom posted a $24 million annual loss during a Q4 and 2023 earnings call Thursday afternoon, with executives saying the brokerage's transaction volume dropped less than the industry overall.

Realty 172

Realty Agents Brokerage Mortgage 172

Housing Wire

MARCH 14, 2024

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). The Anaheim, California-based originator’s application was approved on Wednesday after it fulfilled all statutory requirements for membership, including those related to capital, profitability and liquidity, the company reported.

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Lending Renovations Legal Real Estate 370

Inman

MARCH 14, 2024

Mortgage rates push back through 7 percent as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring.

Mortgage 166

Mortgage Marketing 166

Housing Wire

MARCH 14, 2024

HousingWire Editor in Chief Sarah Wheeler recently sat down with Chad Roffers, founder and CEO of Concierge Auctions , to talk about the opportunity that lies in customer interactions — if you have the tech to handle it. Concierge is the largest luxury real estate auction marketplace in the world, with ownership that includes Sotheby’s and Anywhere Real Estate.

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Real Estate Sellers Buyers Tools 366

Inman

MARCH 14, 2024

Learn how a generous friend helped this award-winning Arkansas broker launch her epic 25-year career in real estate.

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Real Estate Brokerage 162

Housing Wire

MARCH 14, 2024

Michael Hild, who served as CEO of now-defunct reverse mortgage lender Live Well Financial , is seeking a one-year delay of a deadline to file a motion for a new trial based on what his attorney describes as “new evidence.” This is according to court documents reviewed by RMD. After his arrest by the FBI in 2019 and a protracted trial process, the jury hearing the case determined in April 2021 that Hild participated in an effort to fraudulently inflate the value of the company’s bonds by approxi

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Government Legal Mortgage 362

Inman

MARCH 14, 2024

Almost two years after launching its "Article 10 Rule" campaign, the LGBTQ+ Real Estate Alliance has upped the ante with a new website that tracks anti-LGBTQ legislators who've received funding from the National Association of Realtors' lobbying arm, the Realtor Political Action Committee.

Real Estate 156

Real Estate Realtors Law Marketing 156

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics. These include the integration of forward mortgage professionals into the reverse mortgage business, how the Home Equity Conversion Mortgage (HECM) limit for 2024 could end up impacting

Mortgage 358

Mortgage Clients Loan Officers Tools 358

Inman

MARCH 14, 2024

Purchasing a domain to build up content and expert reputation is one of the most valuable strategies for an agent starting out in the industry, marketing expert David Marden writes.

Agents 155

Agents Marketing Technology 155

Housing Wire

MARCH 14, 2024

With our commitment to providing insights that housing professionals can make decisions on, HousingWire announced a new partnership with Greater Bergen Realtors , delivering exclusive news, market data and housing research to agents in New Jersey’s Greater Bergen Realtors association. Greater Bergen Realtors is located in New Jersey and serves members in Bergen, Hudson, and Passaic Counties.

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Realtors Real Estate Agents Housing Market 340

Inman

MARCH 14, 2024

Two months of Inman Intel Index survey data shows waning confidence in real-world business-building activities but growing interest in buying leads on the internet.

Real Estate Agent 155

Real Estate Agent Real Estate Agents Business 155

BiggerPockets

MARCH 14, 2024

There’s no denying that big data and data analytics tools are transforming the real estate landscape. But just how is this happening?

Real Estate 91

Real Estate Investing Tools Marketing 91

Inman

MARCH 14, 2024

Are you willing to "peel the orange" for your clients? This viral TikTok trend has trainer Rachael Hite asking you to evaluate your brand and its appeal to consumers.

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Clients Marketing Agents 152

BiggerPockets

MARCH 14, 2024

The Fed has signaled something significant for mortgage rates.

Mortgage 90

Mortgage Marketing Real Estate 90

Inman

MARCH 14, 2024

Succeeding as a new real estate agent, David Marden writes, requires effective time management, leveraging your circle of influence and understanding the ROI of your efforts.

Agents 149

Agents Real Estate Agent Investing Real Estate 149

BiggerPockets

MARCH 14, 2024

You want to start real estate investing, but where should you start? Should you buy a course, join a mastermind, or do your own research?

Investing 90

Investing Real Estate 90

Eyes on Housing

MARCH 14, 2024

According to the Federal Reserve’s G.19 Consumer Credit Report, student loans in the fourth quarter of 2023 totaled $1.73 trillion (non-seasonally adjusted), reflecting a decrease of 2.1% over the year and following an annual decrease of 1.7% in the previous quarter. The third quarter of 2023 marked the first year-over-year decrease for student loan debt.

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BiggerPockets

MARCH 14, 2024

Could one side hustle help you pay rent, save money to invest in real estate, or reach financial independence?

Real Estate 86

Real Estate Investing 86

Mortgagebroker News

MARCH 14, 2024

March 31 marks the last day for Ontario agents to complete private mortgage course

Agents 81

Agents Mortgage 81

Empire Appraisal Group

MARCH 14, 2024

Redfin: Boomers aging in place is ‘the driving force’ behind median homeowner tenure doubling since 2005 Source: [link] Over the past two decades, the median homeowner tenure has jumped from 6.5 years to 11.9 years. In 2005, the median U.S. homeowner tenure was 6.5 years. In 2023, the median U.S. homeowner tenure was 11.9 years. That’s according to Redfin’s new analysis of U.S.

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Property Taxes Construction Housing Market Buyers 78

Mortgagebroker News

MARCH 14, 2024

Is a crisis on the way?

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Mortgage 80

Eyes on Housing

MARCH 14, 2024

Inputs to residential construction, goods less food and energy, increased for the fourth consecutive month to a new high, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential.

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Construction 78