Housing Wire

FEBRUARY 8, 2024

Mortgages rates reached their highest level since 2000 , construction costs rose and building regulations remained burdensome, leaving U.S. housing affordability near a 10-year low point at the end of last year, according to the National Association of Home Builders (NAHB). According to the fourth-quarter 2023 iteration of the NAHB/Wells Fargo Housing Opportunity Index (HOI), only 37.7% of new and existing homes sold during the final three months of last year were considered affordable to househ

Housing Market 508

Housing Market Construction Marketing Mortgage 508

Real Estate News

FEBRUARY 8, 2024

30-year mortgage rates have remained in the upper-6% range since December. Will predicted rate drops arrive in time for the spring buying season?

Mortgage 297

Mortgage 297

Housing Wire

FEBRUARY 8, 2024

People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S. housing credit looks very different than in 2005, 2006, 2007 or 2008. Homeowners have actually never looked better and the data from the Federal Reserve ‘s Quarterly Report on Household Debt and Credit shows why. Homeowners are not the people we need to be concerned about this time.

Legal 498

Legal Mortgage Law Marketing 498

Real Estate News

FEBRUARY 8, 2024

New reports from Redfin and Allied Van Lines shed light on the impact that local laws and political divides can have on buying and selling.

Law 289

Law 289

Housing Wire

FEBRUARY 8, 2024

Mortgage rates stabilized this week despite newly released economic data. The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, a slight increase from last week ’s figure of 6.63%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday. Meanwhile, the 15-year fixed rate averaged 5.90% this week, down from 5.94% during the prior week.

Mortgage 468

Mortgage Marketing Sellers Buyers 468

Inman

FEBRUARY 8, 2024

The company plans to advertise during the Super Bowl and other major cultural events in what it describes as the "biggest marketing campaign in real estate history.

Advertising 200

Advertising Marketing Real Estate Technology 200

Inman

FEBRUARY 8, 2024

U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR.

Realtors 192

Realtors Brokerage Agents Marketing 192

Housing Wire

FEBRUARY 8, 2024

E-signature company DocuSign laid off 6% of its workforce, or about 400 employees, following reports that the fintech company’s talks in exploring a sale have stalled. A majority of the impacted positions came from the company’s sales and marketing organizations, the company said. DocuSign had 7,336 employees at the end of 2023. DocuSign began to cut operating costs for fiscal year 2025, including areas such as program spending, professional fees and noncritical open roles, according to a messag

Technology 459

Technology Investors Finance Business 459

Inman

FEBRUARY 8, 2024

Troubled New York Community Bancorp is reportedly ready to pledge about $5 billion in home loans originated by Flagstar Bank as collateral for risk transfer that would bolster its capital.

Mortgage 189

Mortgage 189

Housing Wire

FEBRUARY 8, 2024

Mortgage delinquencies kept rising slightly in the fourth quarter of 2023 as Americans continued to indulge in personal spending. But delinquency rates remain well below historic averages, according to new data from the Mortgage Bankers Association (MBA). Delinquent home loans on one- to four-unit properties rose to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023, up from 3.62% in the previous quarter but slightly below the rate of 3.96% a year earlier, accord

Mortgage 458

Mortgage Inventory 458

Inman

FEBRUARY 8, 2024

Find out why this North Carolina broker says that real estate is as much a hospitality business as a sales and marketing one.

Real Estate 183

Real Estate Business Marketing Brokerage 183

Housing Wire

FEBRUARY 8, 2024

Home prices increased in the fourth quarter of 2023 as mortgage rates declined. More than 85% of U.S. metro markets analyzed registered home price increases, up from 82% in the previous quarter, according to a report from the National Association of Realtors (NAR). Among the 221 metro areas studied, 15% experienced double-digit price gains during the same period, up from 11% in the third quarter.

Mortgage 448

Mortgage Realtors Inventory Marketing 448

Inman

FEBRUARY 8, 2024

Real estate professionals who handle closings and settlements will be required to report information to the Treasury's Financial Crimes Enforcement Network when an all-cash residential sale is made to shell companies, legal entities and trusts.

Legal 183

Legal Real Estate Agents 183

Housing Wire

FEBRUARY 8, 2024

When creating retirement plans, people often consider their investments and other financial assets when determining the future course to take, but they rarely consider what is often their most valuable asset: their home. This is according to Steve Resch, vice president of retirement strategies at Finance of America Reverse (FAR), in a new column published by The Street.

Investing 448

Investing Finance Design Tools 448

Inman

FEBRUARY 8, 2024

Is the path to prosperity in real estate paved by fierce competition, or does the real power lie in collaborative endeavors? Coaches Emily Bossert and Melanie Klein share how teamwork can create optimal outcomes.

Real Estate 183

Real Estate Agents 183

Housing Wire

FEBRUARY 8, 2024

Real estate farming, otherwise known as geo-farming, is a dependable lead generation method that can help to create a steady pipeline of real estate leads and clients in your area. Real estate farming is a slow-burn strategy where consistency and intentionality matter, but when it’s done right, your efforts can yield long-ranging results when guided by a community-first approach.

Real Estate 440

Real Estate Tools Agents Real Estate Agent 440

Inman

FEBRUARY 8, 2024

Troy Palmquist profiles luxury team leader Ed Kaminsky, a member of the council of eXp Luxury and founder of SportStar Relocation.

Real Estate 181

Real Estate 181

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. After all, prospective clients are trusting you with one of their biggest financial decisions.

Real Estate Agent 435

Real Estate Agent Real Estate Agents Clients 435

Inman

FEBRUARY 8, 2024

Industry experts share their thoughts on the state of the market and tactical solutions to implement in your business.

Inventory 178

Inventory Business Marketing Agents 178

Housing Wire

FEBRUARY 8, 2024

John “Buz” Gorman, a key figure in financial regulation for nearly 30 years, passed away on Monday following an eight-month battle with glioblastoma, a form of cancer. Throughout his tenure as general counsel for the Conference of State Bank Supervisors (CSBS), Gorman contributed to significant legislative milestones and nurtured the next generation of regulators.

Law 435

Law Mortgage 435

Eyes on Housing

FEBRUARY 8, 2024

Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually unchanged from the previous quarter and holding near its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.7%.

Construction 174

Construction Mortgage 174

Housing Wire

FEBRUARY 8, 2024

This week, Mortgage Cadence announced that it had appointed longtime reverse mortgage industry professional George Morales to serve on its sales team. The company is aiming to bring more reverse mortgage technology solutions to potential partners already in the industry and those that have yet to enter it. To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved

Mortgage 434

Mortgage Technology Business Advertising 434

Inman

FEBRUARY 8, 2024

Building a real estate business is about more than memorizing lists of terms and laws, Jimmy Burgess writes. Find out what it takes to launch smarter.

Real Estate 174

Real Estate Agents Law Business 174

Housing Wire

FEBRUARY 8, 2024

For the past three decades, I have been a fierce advocate for mortgage servicing innovation, that supports the industry’s forward momentum while increasing operational efficiency and exceeding customer expectations along the way. And what fuels my excitement is our customers’ reactions when that innovation comes to fruition. A precise focus on the customer experience should be a core tenet for all in servicing — one of the main reasons I joined Sagent was because of their innate focus on the cus

Design 434

Design Retail Technology Tools 434

Inman

FEBRUARY 8, 2024

Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there's optimism for a rebound as spring approaches, fueled by increasing home tours and new listings.

New Listings 174

New Listings Mortgage Sellers Buyers 174

Housing Wire

FEBRUARY 8, 2024

Editor in Chief Sarah Wheeler sat down with Trevor Gauthier , CEO at ACES Quality Management , to talk about the benefits of tech partnerships and how the company is building a moat around their regulatory and compliance business. Sarah Wheeler: How do you think about build versus buy? Trevor Gauthier: For us, it’s actually four-fold. We look at building, purchasing or licensing, partnering and potential acquisition.

Technology 433

Technology Tools Business Architecture 433

Inman

FEBRUARY 8, 2024

HFZ, Meir and executives from both HFZ and Omnibuild allegedly defrauded subcontractors, investors and the City of New York.

Investors 171

Investors 171

Housing Wire

FEBRUARY 8, 2024

New York-based real estate investment trust Two Harbors has hired industry veteran Kyle Kilpatrick to lead its newly created mortgage originations division, which is part of the company’s strategy to retain borrowers from its servicing portfolio when interest rates drop. “He has experience building direct-to-consumer channel products and businesses from scratch,” Bill Greenberg, president and CEO of Two Harbors, said in an interview.

Business 430

Business Investing Real Estate Advertising 430

Inman

FEBRUARY 8, 2024

The site started as an objective resource for renters and buyers moving to or living in New York City. Staff holds out hope for a sale this month.

Real Estate 170

Real Estate Buyers Agents Marketing 170

Housing Wire

FEBRUARY 8, 2024

Intercontinental Exchange (ICE) Mortgage Technology reported an improved adjusted operating income of $193 million in the fourth quarter of 2023, up 98% from one year earlier and fueled by record sales of its loan origination system (LOS) Encompass. For full year 2023, ICE Mortgage Technology posted an adjusted operating income of $508 million, down slightly from the previous year’s figure of $511 million.

Technology 430

Technology Clients Investing Mortgage 430

Inman

FEBRUARY 8, 2024

To achieve extraordinary results, The Agency's Deedee Howard writes, sometimes it pays to ignore conventional wisdom and pursue a more strategic marketing plan.

Marketing 168

Marketing Agents 168

Eyes on Housing

FEBRUARY 8, 2024

The Congressional Budget Office (CBO) released new 30-year population growth projections that include substantial upward revisions to the net immigration rates and slightly lower projected rates of mortality from COVID-19. As a result, the revised population estimates now include an additional 8.9 million people in 2053, a 2.4% increase from its previous forecast.

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Inman

FEBRUARY 8, 2024

Slidell-based firm Top Agent Realty is now part of ERA Real Estate. Military veteran Stephen Molero purchased the firm in 2013 and serves consumers throughout Southeastern Louisiana and the Mississippi Gulf Coast.

Real Estate 167

Real Estate Realty Agents Brokerage 167

Appraiserblogs

FEBRUARY 8, 2024

Shane Lanham, a Maryland appraiser, has found himself in a difficult situation as he is being sued in The United States District Court of Maryland. However, he is not backing down and fully intends to fight these allegations through trial. In addition, he is countersuing the accusers for defamation and seeking $500,000 in damages. Lanham firmly believes that the accusations of racism against him are baseless and he has engaged a consultant with significant experience in handling such cases.

Appraisal 133

Appraisal Real Estate Sellers Business 133