Housing Wire

MAY 22, 2024

I anticipated solid year-over-year home-price growth in today’s existing home sales report, so I’ve tried my best on social media to inform people that we have a low bar in home-price comps for this report and the next one. This is the context for why the home-price growth data was strong, which took some people by surprise. As you can see below, even though home prices rose in 2023, the median sales price showed negative year-over-year growth in April, May and June of last year.

Inventory 461

Inventory New Listings Housing Market Contracts 461

Appraisal Buzz

MAY 22, 2024

Mortgage application volume increased 1.9% during the week ended May 17, as the average rate for a 30-year- fixed-rate mortgage fell to to 7.01%, down from 7.08% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 7% compared with the previous week and were up 21% compared with the same week one year ago.

Mortgage 431

Mortgage Government Inventory Buyers 431

Housing Wire

MAY 22, 2024

Fast-growing firm The Real Brokerage is launching a luxury division , according to an announcement on Wednesday. Real Luxury , as the division will be known, will focus on helping luxury agents and teams, as well as their exclusive clients. The firm said that the launch of Real Luxury is in response to the growing number of luxury real estate agents and teams joining Real.

Clients 436

Clients Agents Real Estate Agent Real Estate 436

Appraisal Buzz

MAY 22, 2024

Today, host Hal Humphreys meets with Jeff Allen, President of CubiCasa. Jeff has been an integral part of the valuation industry for a while, and he gets us up to speed on what his experience has involved. There have been a lot of new changes coming to the valuation space. What are some recent changes happening in valuation technology Where is the future of valuation going, and just how long will it take us to get there?

Valuation 368

Valuation Technology Appraisal Modernization 368

Housing Wire

MAY 22, 2024

The data is clear: Older adults, when contemplating future living arrangements, would prefer to remain in their homes as long as feasibly possible. But for those who own homes with features or layouts that may not be conducive to aging in place, some are taking proactive measures — and spending a lot of money — to make their home suitable. This is according to a story published this month by the The Associated Press , which examines steps that some older homeowners are taking to ensure they can

Renovations 427

Renovations Design Home Improvement Advertising 427

Real Estate News

MAY 22, 2024

Comments made by a Department of Veterans Affairs official Tuesday “ensures veterans have the same opportunity as others to compete in a tight housing market.

Agents 273

Agents Housing Market Marketing 273

Real Estate News

MAY 22, 2024

Real launches luxury division; Alabama merger ups United's market share; RE/MAX affiliate adds 3 firms; The Agency opens in Niagara; ERA Carroll expands in WY.

Brokerage 236

Brokerage Marketing 236

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. But the study also shows that top cost-effective retail lenders can produce loans at nearly half the cost of the industry average.

Retail 385

Retail Tools Lending Technology 385

Real Estate News

MAY 22, 2024

Despite the sluggish pace, inventory is up, which is “nudging the market in a more buyer-friendly direction.

Inventory 219

Inventory Buyers Marketing 219

Housing Wire

MAY 22, 2024

Mortgage fraud risk saw a modest uptick toward the end of 2023, according to CoreLogic ’s latest Mortgage Application Fraud Risk Index , although it remained largely stable on a year-over-year basis. The index reached 127 in Q4 2023, marking a 2.7% increase from the previous quarter, but compared to Q4 2022, the index decreased by 1%. Despite these fluctuations, overall risk levels have remained relatively flat.

Mortgage 385

Mortgage Government Marketing 385

Inman

MAY 22, 2024

Deputy Director of Policy Michelle Corridon said Tuesday the agency would lift rules preventing vets from using low-cost VA loans to pay agents until it engages in a formal rule-making process.

Agents 195

Agents Clients Buyers Tools 195

Housing Wire

MAY 22, 2024

According to the most recent annual report to Congress by the U.S. Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. That’s not saying all that much. H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Appraisal Buzz

MAY 22, 2024

Technology firm Finaya has launched an AI-based homeownership marketplace super-app that integrates home buying and selling, mortgage, insurance, title, closing and other related services supported by a marketplace of on-demand realtors, loan brokers, lenders and service providers. In addition, Finaya has announced a definitive merger and acquisition agreement with Nexme, a real estate app with a distinctive “tour now” capability that lets buyers request home tours on demand, and real estate age

Insurance 195

Insurance Real Estate Agent Mortgage Real Estate 195

Housing Wire

MAY 22, 2024

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Florida Realtors is known for the valuable services they offer members, including a Tech Helpline that is nationwide. Margy Grant will discuss building relationships through trust and transparency, the importance of tailored customer service, determining the needs of the people you serve and delivering top-notch tools to help build

Realtors 367

Realtors Clients Tools Business 367

Appraisal Buzz

MAY 22, 2024

Tim Whittier has been promoted to president at First Home Mortgage. Whittier first joined First Home Mortgage in 2009. He began his mortgage banking career in 1992 directly out of the University of Maryland. What initially started as just a job where a friend worked has become a lifetime career. Over the years, Whittier has held various positions, including assistant, loan officer, builder manager, branch manager, and regional manager.

Mortgage 195

Mortgage Loan Officers Technology Clients 195

Housing Wire

MAY 22, 2024

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Join Abby Lee and Kelly Gill for a candid conversation on the dynamic relationship between LOs and real estate agents, with a focus on how marketing strategies can bolster their collaboration.

Agents 359

Agents Advertising Real Estate Agent Real Estate 359

George Dell

MAY 22, 2024

ROV (Reconsideration of Value) is now in the boat. Is it safe? We suspect this will be a long row to get to the chosen island. Just row! It is likely this topic will be the focus of more of our “analog blog” series. To read part one of this series or other blog post […] The post Row Row ROV? Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.

Reconsideration of Value 195

Reconsideration of Value Appraisal 195

Housing Wire

MAY 22, 2024

Unpaid property tax debts are leading to preventable foreclosures , with the greatest impacts on Black and Latino households and older homeowners living on fixed incomes. But if states take proactive measures to reform policies and disclosures around tax foreclosures, this could go a long way to prevent unnecessary home displacements. This is according to a jointly issued brief published this week by the National Consumer Law Center (NCLC), the American Land Title Association (ALTA) and AARP.

Property Taxes 358

Property Taxes Law Government Marketing 358

Inman

MAY 22, 2024

Several months after Kofi Nartey announced his team's move to Real, the brokerage has launched a new luxury division with Nartey serving as executive director.

Brokerage 192

Brokerage 192

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. Kamran is based in Los Angeles and will support Certainty’s strategy and sales performance. “Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement.

Development 355

Development Lending Business Loan Officers 355

Inman

MAY 22, 2024

Statements made by a DOJ attorney during a May 21 status hearing in the Nosalek commission case offer new insights into the Justice Department's impression of the proposed NAR settlement.

Real Estate 183

Real Estate Brokerage Agents 183

Housing Wire

MAY 22, 2024

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. The promises of the 2018 housing industry aren’t the promises of today. That hot tech thing or product that you had to have in 2018? Nobody’s talking about that anymore. And more importantly, if you haven’t moved on or committed to contracts that are too rooted in the past, chances are your P&L statement isn’t looking so great.

Contracts 354

Contracts Technology Mortgage 354

Inman

MAY 22, 2024

The CEO for Berkshire Hathaway HomeServices Beach Properties of Florida argued at Inman Connect Miami on Wednesday that real estate is like a race — and this moment is similar to a curve.

Agents 176

Agents Real Estate 176

Housing Wire

MAY 22, 2024

Open the door to the most powerful room in housing. Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. If you’re still saying minority homeownership, you’re already losing. It’s time to take a hard look at the data. Any player who will be worth their weight in the future understands that the MAJORITY of their business will come from Hispanic and Black home shoppers.

Business 347

Business Mortgage 347

Inman

MAY 22, 2024

With plenty of ideas in the air and very little certainty, we want to know what you think. How will buyers pay for their agents in the future?

Buyers 173

Buyers Agents Marketing 173

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It is really frenetic,” said Rachael Dotson , a Rhode Island-based agent for Residential Properties Ltd. “People who really need to get into even a starter home are willing to extend themselves with offers in order to be successful.

Buyers 303

Buyers Inventory Marketing Real Estate 303

Inman

MAY 22, 2024

Keller Williams' Julia Lashay Israel offers a glossary to help you navigate the complex landscape of fair housing regulations and provide fair and equal service to all clients.

Agents 168

Agents Clients Brokerage 168

Eyes on Housing

MAY 22, 2024

Existing home sales fell for the second straight month in April, after a big monthly drop in March, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the tenth consecutive month of year-over-year median sales price gains. Due to elevated interest.

Inventory 151

Inventory Realtors 151

Inman

MAY 22, 2024

The star of "Flip or Flop" talked Tuesday at Inman Connect Miami about how professional hardships, cancer diagnoses and personal hardships paved his road to success.

Agents 168

Agents 168

BiggerPockets

MAY 22, 2024

A few months ago, I had to decide whether to sell my primary residence or turn it into a rental.

Investing 92

Investing Mortgage 92

Inman

MAY 22, 2024

"Mauricio, you are a scum bag," Umansky recalled the Frasier actor shouting in a voice message. The Agency CEO shared how he converted Grammer during Inman Connect Miami on Wednesday.

Clients 166

Clients Brokerage Agents 166

BiggerPockets

MAY 22, 2024

Investors are building single-family rental properties at an unprecedented rate, catering to a growing segment of renters seeking more space without the commitment of buying a home or the budget […]

Investors 91

Investors Real Estate 91

Inman

MAY 22, 2024

In real estate, where every detail counts, AI can be the tool that sets you apart, Chris Pollinger writes. ChatGPT's new update allows you to do more than ever before.

Real Estate 165

Real Estate Clients Tools Technology 165

BiggerPockets

MAY 22, 2024

Some states are better suited for real estate investing than others. Be sure to consider the following factors to help you find the right state for your next investment.

Landlords 91

Landlords Real Estate Investing Property Management 91