Housing Wire

APRIL 29, 2024

The weekly volume of new listings is now higher than at anytime last year. It’s still April, so there could be as many as eight more weeks of seller growth in the spring housing market. And seller growth is happening pretty much everywhere across the country, with Florida and Texas leading the way. There’s two ways to interpret these trends. The bearish take is that there are many more sellers than buyers and inventory is rising.

Sellers 508

Sellers Marketing Inventory Contracts 508

Real Estate News

APRIL 29, 2024

The brokerage becomes the ninth real estate entity to strike a deal with home sellers, with an initial damages payment of nearly $8 million.

Brokerage 298

Brokerage Real Estate Sellers 298

Housing Wire

APRIL 29, 2024

Small-balance commercial lender Stronghill Capital shut down its nascent consumer and correspondent lending businesses late last week. The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He cited a difficult market and elevated rates as reasons for shutting down correspondent and consumer lending businesses , which were added in 2022.

Lending 482

Lending Clients Business Real Estate 482

Real Estate News

APRIL 29, 2024

As his namesake firm celebrates 50 years, Bill Raveis says the key to surviving rough cycles is to look for opportunities and “figure it out.

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Housing Wire

APRIL 29, 2024

Douglas Elliman has joined the growing list of brokerages that have settled the commission lawsuits. In an 8K filed with the Securities and Exchange Commission (SEC) on Friday, the firm announced that it had reached a nationwide settlement agreement with the Gibson lawsuit plaintiffs. According to the filing and an accompanying press release, the settlement covers Douglas Elliman and all of its subsidiaries.

Brokerage 466

Brokerage Agents Legal Realty 466

Inman

APRIL 29, 2024

As the commission landscape changes, Side's Hilary Saunders writes, it's time for agents, teams and brokerages to look at the ways this will improve the industry's reputation.

Agents 200

Agents Real Estate Brokerage Real Estate Agent 200

Inman

APRIL 29, 2024

These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.

Agents 197

Agents Realtors Real Estate Brokerage 197

Housing Wire

APRIL 29, 2024

California-based mortgage tech firm Blend Labs , which has pursued non-GAAP profitability since it went public in 2021 , announced a $150 million investment on Monday from private equity firm Haveli Investments. Blend will use $145 million of the proceeds to repay existing credit agreements. The remainder is for general corporate purposes, the company said in a prepared statement.

Investing 448

Investing Technology Mortgage Marketing 448

Appraisal Buzz

APRIL 29, 2024

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance. However, mortgage lenders are also a critical component here, and failure to adopt a reliable payment processing system for escrow can have a detrimental effect on mortgage servicer accounting and operations.

Property Taxes 195

Property Taxes Local Properties Mortgage Government 195

Housing Wire

APRIL 29, 2024

The attorney general of Michigan has re-released a consumer alert about the reverse mortgage product category during financial literacy month. The action is designed to inform consumers about the potential pros and cons of taking out these loans, according to an announcement issued by Attorney General Dana Nessel’s office on Monday. “A reverse mortgage is a type of home equity loan extended, in most cases, to those who are 62 years of age or older,” the announcement stated.

Mortgage 448

Mortgage Property Taxes Design Insurance 448

Appraisal Buzz

APRIL 29, 2024

A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four years: Price cuts. According to a report from Redfin , the communities of Cape Coral, Fla. and North Port, Fla., saw inventory jump about 50% in the past year – while McAllen, Texas, saw its supply jump 25%. As a result of this surge in inventory, 48% of listings in the North Port-Sarasota market had a price cut—the highest share in the country.

Inventory 195

Inventory Sellers Appraisal Marketing 195

Housing Wire

APRIL 29, 2024

A coalition of energy- and consumer-focused trade groups lauded the release of new energy-efficiency standards for the construction of new single-family and multifamily homes, which were announced last week by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA). Nine groups released a joint statement and a series of individual perspectives to voice support for the move — including the American Council for an Energy-Efficient Economy (ACEEE), t

Law 448

Law Finance Construction Technology 448

Appraisal Buzz

APRIL 29, 2024

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include 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.

Clients 195

Clients Appraisal Business Lending 195

Housing Wire

APRIL 29, 2024

Intercontinental Exchange (ICE) introduced MSP Digital Experience (MSP DX), a conversational user interface designed to interact with the company’s leading mortgage servicing system, MSP. MSP DX provides servicing professionals with an intuitive, dynamic and conversational approach to working within MSP. The new interface is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members.

Mortgage 446

Mortgage Technology Training Valuation 446

Inman

APRIL 29, 2024

Many baby boomers are interested in rental markets close to home, multifamily expert Michael Zaransky writes, especially when they offer features that enhance their lifestyles and options.

Marketing 187

Marketing Investing Investors Real Estate 187

Housing Wire

APRIL 29, 2024

Housing affordability dipped in March on both a monthly and yearly basis, according to a new report by First American. Affordability fell by 0.1% compared with February, according to the First American Real House Price Index (RHPI). On an annualized basis, affordability fell by approximately 5%. Meanwhile, mortgage rates also rose over the course of the month.

Housing Market 443

Housing Market Mortgage Marketing Sellers 443

Inman

APRIL 29, 2024

The same factors that won your first listing are the same ones that will be intergal in winning over buyers, writes TowerHill Realty CEO Patrick Kilner.

Realty 187

Realty Buyers Law Brokerage 187

Housing Wire

APRIL 29, 2024

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space.

Loan Officers 439

Loan Officers Insurance Mortgage Lending 439

Inman

APRIL 29, 2024

The proposed deal would resolve pending antitrust claims that have been brought by homesellers, but not homebuyers.

Realtors 180

Realtors Brokerage 180

Eyes on Housing

APRIL 29, 2024

Building upon our exploration of green building trends, major practices, and resilience strategies based on The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief, this article now shifts focus towards ways to increase green building within the housing market. Top Incentives to Build Green The survey asked all respondents to select the.

Marketing 158

Marketing Housing Market 158

Inman

APRIL 29, 2024

Backflip, a company that built an application to help investors analyze and finance properties to flip, has secured a $15 million Series A round of funding.

Investing 178

Investing Finance Investors Real Estate 178

BiggerPockets

APRIL 29, 2024

A record 300,000 migrants entered the U.S. through the southern border in December. Rather than trying to sneak past border agents, many surrendered to apply for asylum.

Housing Market 93

Housing Market Investors Marketing Agents 93

Eyes on Housing

APRIL 29, 2024

According to the data released by Bureau of Economic Analysis (BEA), private fixed investment in student dormitories edged down 0.1% to a seasonally adjusted annual rate (SAAR) of $4 billion in the first quarter of 2024, after a 2.3% increase in the prior quarter. Private fixed investment in dorms was 10.4% higher than a year.

Construction 88

Construction Investing 88

BiggerPockets

APRIL 29, 2024

A tenant not paying rent can turn your profit upside down. Should you find yourself in this situation, there are several key steps you must take.

Tenants 92

Tenants Property Management Landlords 92

Mortgagebroker News

APRIL 29, 2024

Housing analyst suggests current policies may do more harm than good

Mortgage 85

Mortgage 85

BiggerPockets

APRIL 29, 2024

This article is presented by CV3 Financial. Read our editorial guidelines for more information. The real estate market is ever-evolving, and there has been a growing trend toward ground-up construction.

Real Estate 92

Real Estate Construction Investors Marketing 92

Mortgagebroker News

APRIL 29, 2024

Mortgage agent warns of hidden complexities and risks associated with products

Government 84

Government Mortgage Agents 84

BiggerPockets

APRIL 29, 2024

With median house prices in the U.S. inching towards half a million dollars and mortgage rates back over 7%, homebuyers and investors alike are getting choked out of the market.

Investors 92

Investors Marketing Mortgage Housing Market 92

Mortgagebroker News

APRIL 29, 2024

Economic slowdown in Canada may lead to earlier-than-expected interest rate cuts

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BiggerPockets

APRIL 29, 2024

With this guidance, you can create a property management checklist that guides you throughout the year.

Property Management 92

Property Management Landlords 92

Mortgagebroker News

APRIL 29, 2024

Expertise, strategic partnerships, and passion accelerating growth for new brokerage

Brokerage 80

Brokerage 80

Lamacchia Realty

APRIL 29, 2024

We are pleased to announce that Emerson Realtors out of Auburn, Massachusetts have joined forces with Lamacchia Realty. Emerson Realtors was co-founded by Kevin Maher, a fifth generation REALTOR® whose career spanned an impressive 45 years. Lamacchia Realty has been serving Auburn and the surrounding areas for over a decade, and the Lamacchia Worcester office was the top real estate office in Worcester County in 2023 by transaction.

Realtors 78

Realtors Realty Real Estate Brokerage 78

Mortgagebroker News

APRIL 29, 2024

AI tools for marketing automation is key, says company

Tools 79

Tools Marketing 79

GoForrmz

APRIL 29, 2024

How digital forms can transform your field service operations Field service teams are the backbone of many industries. From banking to technology, field service technichians install specialized machinery, repair various equipment, and ensure companies stay up-to-date with the latest tech. However, many field teams rely on outdated paper forms and processes that hamper their productivity.

Inspection 78

Inspection Legal Tools Technology 78