Housing Wire
DECEMBER 5, 2023
In the third quarter of 2023, single-family and multifamily home construction grew in outlying areas instead of urban centers. That’s according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI). Released quarterly, the HBGI gauges housing construction growth in various regions using county-level information about single- and multifamily building permits.
Real Estate News
DECEMBER 5, 2023
West Penn MLS and multiple brokerage companies are defendants in the latest buyer-broker commission suit filed Monday by home sellers in Western Pennsylvania.
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Housing Wire
DECEMBER 5, 2023
The now defunct First Guaranty Mortgage Corporation (FGMC) and former employees – who sued the mortgage lender in a class-action suit after an abrupt layoff – are seeking a Delaware bankruptcy judge to settle a Worker Adjustment Retraining Notification (WARN) Act lawsuit for $1.75 million. In June 2022, laid off employees filed two separate district court actions alleging WARN Act violations related to their abrupt employment terminations.
Real Estate News
DECEMBER 5, 2023
Mortgage rates, inventory and prices are expected to improve for homebuyers in the new year as the industry responds to commissions-focused court cases.
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
Housing Wire
DECEMBER 5, 2023
When individual mortgages are originated by lenders like banks or credit unions , they may bundle groups of these mortgages together into financial vehicles called mortgage-backed securities (MBS) that are then sold to investors on a secondary market. This allows investors to gain exposure and returns from the mortgage market, while the lenders gain immediate capital to issue new mortgages.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
DECEMBER 5, 2023
The National Association of Realtors (NAR) has a new chief marketing and communications officer. The trade group announced Tuesday that Suzanne Bouhia would lead NAR’s marketing and communications group starting Dec. 11. Bouhia is joining NAR’s senior vice president team, which is responsible for supporting NAR’s CEO. “It is my privilege to help shape NAR’s perspective and amplify the voice of its 1.5 million members within the real estate industry and beyond.
Inman
DECEMBER 5, 2023
Faced with rising prices and rates, buyers are increasingly counting on personal loans and gifts to close deals, according to a survey of 3,000 potential buyers conducted by Dig Insights and Inman.
Housing Wire
DECEMBER 5, 2023
An arbitrator conclusion issued last week caps a four-year legal battle over allegations of trade secret theft involving two of the biggest companies in the housing industry, Black Knight Servicing Technologies and PennyMac Financial Services. In a 2019 lawsuit, Black Knight accused Pennymac of copying its mortgage servicing platform, MSP, to create its Servicing Systems Environment (SSE) platform.
Inman
DECEMBER 5, 2023
A three-judge panel for the Washington, D.C., circuit seemed inclined to let the agency resume its probe into the National Association of Realtors' cooperative compensation and pocket listing rules.
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Housing Wire
DECEMBER 5, 2023
Residential sale-leaseback platform EasyKnock has acquired home equity investment platform Balance Homes , the company announced on Tuesday. The latest acquisition comes on the heels of a series of other proptech startup purchases. Last May, EasyKnock gobbled up Ribbon , a power buyer firm, and in September, it acquired home maintenance platform Onder.
Inman
DECEMBER 5, 2023
The acquisition continued the sale-leaseback company's quest to provide ways for homeowners to tap their equity without losing their homes.
Housing Wire
DECEMBER 5, 2023
California-based Pennymac Financial Services ’s broker division, Pennymac TPO , launched a home equity loan product as tappable home equity nears its 2022 peak. “Pennymac’s broker partners can now offer their clients a home equity loan as a second lien solution to access more cash, while still preserving the low interest rate of their first mortgage,” the company said.
Inman
DECEMBER 5, 2023
Falling home prices and mortgage rates are on tap for buyers and sellers — not to mention a presidential election that could hinge on housing issues, according to Redfin's outlook for 2024.
Housing Wire
DECEMBER 5, 2023
Housing Forward , the leading organization fighting homelessness in Dallas, appointed Sarah Kahn as interim president and chief executive officer, the nonprofit announced on Tuesday. Kahn starts her new role on Dec. 21. Her appointment comes on the heels of former president and CEO Joli Angel Robinson’s departure. Robinson accepted the role of chief executive officer of the Center on Halsted of Chicago, after serving Housing Forward for more than two years.
Inman
DECEMBER 5, 2023
Investing in real estate provides an opportunity to become a millionaire. But you first need to wade through the fact and fiction to get started.
Housing Wire
DECEMBER 5, 2023
Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage , the company announced on Tuesday. “We’re going to expand Guild’s brand presence nationally, deliver best-in-class marketing tools, technology and support for our sales teams, and infuse a culture of creativity and collaboration across the brand,” O’Daniel said in a statement.
Inman
DECEMBER 5, 2023
Better is the first lender to take advantage of the opportunity to generate prequalification letters for homebuyers through integration with Lone Wolf's transaction management solution, Transactions.
Eyes on Housing
DECEMBER 5, 2023
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2023.
Inman
DECEMBER 5, 2023
Ryan Barone, CEO of RentRedi, discusses the ways that landlords are embracing innovative property management solutions and driving development in the proptech sector.
The Appraiser Coach
DECEMBER 5, 2023
Sometimes people don’t make sense. They make decisions or judgements that we don’t understand. They seem completely illogical to us. We forget that people make decisions based on feelings, then use logic to justify them. No matter what we think, people are not the creatures of logic and reason we like to think we are. I remember an interaction I had one day with a homeowner.
Inman
DECEMBER 5, 2023
The new offices bring The Agency's total office launch count in 2023 up to 26. The brokerage recently marked another milestone by launching its 100th office in Portland.
BiggerPockets
DECEMBER 5, 2023
With 2024 right around the corner, it’s time for a final year-end tax planning push!
Inman
DECEMBER 5, 2023
Suzanne Bouhia will shape NAR's communication strategy as the organization deals with lawsuits, scandal and a harrowing year in real estate.
BiggerPockets
DECEMBER 5, 2023
“Negative” cash flow can help you reach financial freedom up to FIVE TIMES faster, so why are most investors ignoring low-to-no cash flow deals?
Inman
DECEMBER 5, 2023
The firm's current COO will adopt the role of Coldwell Banker Warburg regional vice president starting in January, as current president Frederick Warburg Peters steps into a new role as president emeritus.
Eyes on Housing
DECEMBER 5, 2023
The bond market appears to be responding to cooling macroeconomic data, including labor market reporting, as long-term rates fall back. Among the risk factors that previously led to higher interest rates (more debt issuance, higher-for-longer monetary policy expectations, long-term fiscal deficit conditions, and strong current GDP growth data for the third quarter) was an ongoing, elevated count of open jobs.
Inman
DECEMBER 5, 2023
The lightweight, AI-backed CRM Cloze will now connect directly with RealScout, a relationship-first lead cultivation and marketing solution, recognized for its flexibility and value as a contact engagement catalyst.
Mortgagebroker News
DECEMBER 5, 2023
Past challenging markets can serve as a guide, suggests prominent industry VP
Inman
DECEMBER 5, 2023
ReAlpha, buoyed largely by the ongoing proliferation of AI in proptech, has acquired a 25-person AI development firm, Naamche, in a cash and equity deal.
Mortgagebroker News
DECEMBER 5, 2023
The average savings rate in Q3 was more than double the pace seen between 2015 and 2019
Inman
DECEMBER 5, 2023
Fee increases the flat-fee brokerage implemented for 2023 haven't stopped Fathom from growing, with Sept. 30 agent count up 13 percent from a year ago, to 11,333.
Mortgagebroker News
DECEMBER 5, 2023
The 2023 Mortgage Global 100 recognizes the leaders and innovators from around the globe who are lifting the industry to new heights
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