Housing Wire

APRIL 1, 2024

Everyone knows it’s been a very dry 18 months for home sales. As mortgage rates rose starting in 2022, payment affordability got dramatically worse and homebuyer demand dried up. At the same time, seller volume dried up. But now sellers are coming back into the market. New listing volume last week was 18% more than a year ago. Total available inventory is gradually climbing about 1% per week — last year it was still declining in April.

Inventory 487

Inventory New Listings Contracts Sellers 487

Appraisal Buzz

APRIL 1, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include funny Buzztoon comics, as well as crazy stories from appraisers and readers like you! Read all these articles and more in the latest edition HERE. If you want to make sure you are receiving the print version of the Appraisal Buzz magazine in your mailbox, sign up HERE.

Appraisal 370

Appraisal Development Modernization Marketing 370

Housing Wire

APRIL 1, 2024

The recent settlement involving the National Association of Realtors and major real estate firms revolves around the practice of “broker cooperation,” where agents representing sellers share commissions with agents representing buyers. Proponents of the lawsuits argue that this customary practice inflates commissions , and believe that buyers and sellers should pay their agent representation separately.

Sellers 469

Sellers Real Estate Agents Buyers 469

Real Estate News

APRIL 1, 2024

The CEO of NextHome, founder of Rayse and co-host of an “unfiltered’ podcast isn’t shy about sharing his thoughts on the agent value prop, tech and NAR.

Agents 292

Agents 292

Housing Wire

APRIL 1, 2024

Mortgage rate buydowns and a limited supply of existing homes have buoyed housing demand for many months despite elevated interest rates. As home prices rose steadily, homeowners also accumulated significant equity. The typical homeowner who purchased a median-priced home in January 2020, assuming a 10% down payment and the prevailing 30-year fixed mortgage rate at that time, has received a $208,000 boost in net worth, according to a report from John Burns Research & Consulting.

Investing 423

Investing Buyers Mortgage Housing Market 423

Real Estate News

APRIL 1, 2024

The firm argues that existing settlements in Sitzer/Burnett need to be finalized before a judgment can be made — and that won’t be an “uncontroversial” process.

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Real Estate News

APRIL 1, 2024

CMLS is the latest organization to weigh in on the Massachetts case, while a dispute with the DOJ could shed light on the fate of compensation rules nationally.

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Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

Finance 402

Finance Investing Real Estate Agent Real Estate 402

Appraisal Buzz

APRIL 1, 2024

Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640, up 24.1% from $44,850 in February 2023, according to Redfin. That’s the largest annual increase in percentage terms since April 2022, the firm says. The typical homebuyer’s down payment in February was equal to 15% of the purchase price, up from 10% a year earlier, the firm’s analysis reveals.

Real Estate Agent 195

Real Estate Agent Investors Buyers Real Estate 195

Housing Wire

APRIL 1, 2024

HousingWire has partnered with New Hampshire Association of Realtors (NHAR) to bring original data, analytics and news to its members who are the voice for real estate in the state. Opportunities are revealed when housing leaders have an industry-spanning, deeply informed perspective, which is made possible through HousingWire insights that members can make decisions on.

Realtors 392

Realtors Brokerage Tools Inventory 392

Appraisal Buzz

APRIL 1, 2024

The mortgage delinquency rate fell slightly to 2.8% in January, down 0.3 percentage points compared with December and flat compared with January 2023, according to CoreLogic’s Loan Performance Insights Report. Overall, delinquency rates have been hovering at historic lows for well over a year now. Driving low delinquency rates in this current market is the fact that many homeowners are rate-locked into their current mortgages and thus are unlikely to move from their current homes or fall behind

Mortgage 195

Mortgage Inventory Marketing Appraisal 195

Housing Wire

APRIL 1, 2024

Kentucky is on the brink of ending exclusive real estate listing contracts. The state’s General Assembly passed a bill to protect homebuyers from predatory contracts known as non-title recorded agreements for personal services (NTRAPS) or right-to-list agreements. The practice of right-to-list agreements preys upon homeowners by offering small lump sums of cash in exchange for decades-long contracts for the exclusive rights to sell the property.

Contracts 391

Contracts Law Real Estate Government 391

Inman

APRIL 1, 2024

Mega team leader Carl Medford points to several massive shifts that have caused the current commission crisis and the path he sees forward.

Agents 188

Agents 188

Housing Wire

APRIL 1, 2024

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. Judge Matthew Kacsmaryk sided with organizations including the American Bankers Association (ABA), the U.S.

Modernization 383

Modernization Law Lending Insurance 383

Inman

APRIL 1, 2024

Some think the National Association of Realtors' $418 million settlement will prompt more homebuyers to transact without agents. Inman asked industry professionals how they'll handle that situation.

Agents 186

Agents Buyers Realtors Real Estate 186

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success. HousingWire: Let’s jump right in.

Loan Officers 380

Loan Officers Technology Tools Investors 380

Inman

APRIL 1, 2024

If you plan to help out with your kid’s college tuition, there are a variety of real estate investment strategies that can help.

Real Estate 175

Real Estate Investing 175

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 374

Loan Officers Clients Mortgage Construction 374

Eyes on Housing

APRIL 1, 2024

NAHB analysis of Census data shows that private residential construction spending rose 0.7% in February, the third month of gains in a row. It stood at a seasonally adjusted annual pace of $901.1 billion. The monthly increase in total construction spending is attributed to more single-family construction and improvements. Spending on single-family construction rose 1.4%.

Construction 174

Construction 174

Housing Wire

APRIL 1, 2024

Former NEXA Mortgage president Mat Grella has accused his partner at the firm, Mike Kortas, of making aircraft-related purchases with company money without his consent, resulting in his “abrupt” termination from the company. Kortas denies his partner’s allegations. “I had grown frustrated with our partnership, coupled with Mike’s fixation on aircraft-related purchases.

Brokerage 363

Brokerage Loan Officers Business Legal 363

Inman

APRIL 1, 2024

The Federal Reserve's preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8 percent.

Agents 165

Agents Mortgage Marketing 165

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the division has proven to be a key player in the business at Longbridge.

Loan Officers 356

Loan Officers Training Business Retail 356

Inman

APRIL 1, 2024

Mike DelPrete lays out the case for a variety of financial metrics and argues that, at the end of the day, a business eventually needs to make money.

Business 165

Business 165

Housing Wire

APRIL 1, 2024

After a series of high-profile challenges faced by senior living facilities in the wake of the COVID-19 pandemic, U.S. senior housing facilities appear poised for a rebound, according to reporting from The Wall Street Journal. Occupancy rates at private-pay senior care facilities are nearing pre-pandemic levels, according to new data from the National Investment Center for Seniors Housing & Care (NIC).

Renovations 322

Renovations Investing Design Technology 322

Inman

APRIL 1, 2024

If approved by shareholders and regulators, the proposed merger would result in an all-cash transaction, with TRG acquiring Doma's outstanding shares at 38 percent premium of $6.29 per share.

Insurance 158

Insurance Mortgage 158

Appraisal Partners Blog

APRIL 1, 2024

The post <div class="hrt">Asset Evaluation: How Appraisals Simplify Divorce Settlements?</div> appeared first on Appraisal Partners.

Appraisal 148

Appraisal 148

Inman

APRIL 1, 2024

Leading a team can offer tremendous professional rewards if you go into it with the right mindset.

Agents 156

Agents 156

Appraiserblogs

APRIL 1, 2024

A recent post by an appraiser trainee on an online forum described a troubling situation involving the use of ChatGPT to generate content for an appraisal report. The trainee admitted to using ChatGPT to write a market summary section without properly reviewing it first. This resulted in factual inaccuracies making it into the final report delivered to the client.

Appraisal 125

Appraisal Clients Sellers Marketing 125

Inman

APRIL 1, 2024

Real-estate startups are beset from all sides by existential threats — No. 1 of which is simply this depressed housing market. Four dozen proptech leaders shared their experiences with Intel.

Real Estate 140

Real Estate Housing Market Marketing Technology 140

BiggerPockets

APRIL 1, 2024

According to ATTOM Data’s latest Q1 2024 Single-Family Rental Market report, average gross rental yields on three-bedroom single-family homes are projected to rise by 7.55% this year.

Marketing 92

Marketing Housing Market 92

Inman

APRIL 1, 2024

Author and trainer Bernice Ross and Verl Workman, co-founder of Workman Success Systems, discuss the strategies top-producing teams are leaning into now.

Agents 106

Agents 106

BiggerPockets

APRIL 1, 2024

After multiple lawsuits, the National Association of Realtors (NAR) has agreed to a settlement with home sellers amounting to a payment of $418 million and a few monumental rule changes […]

Real Estate Agent 91

Real Estate Agent Real Estate Realtors Sellers 91

Mortgagebroker News

APRIL 1, 2024

Government plan welcomed by some but raises red flags for others

Government 82

Government 82

BiggerPockets

APRIL 1, 2024

Want to know how to get rich but fear it could be too late? Perhaps you’ve got responsibilities, bills to pay, and a family to feed.

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