Housing Wire
NOVEMBER 30, 2023
Mortgage rates headed lower this week as the 10-year Treasury yield dropped below 4.3% for the first time since September, according to new data from Freddie Mac. The 30-year, fixed mortgage rate averaged 7.22% for the week ending Nov. 30, according to Freddie Mac ‘s Primary Mortgage Market Survey. That’s down significantly from last week ’s 7.29% and up from 6.49% the same week a year ago.
Real Estate News
NOVEMBER 30, 2023
A year ago, many economists forecast that rates would fall within the 5-6% range by the end of 2023, but the economy didn’t behave as expected.
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Housing Wire
NOVEMBER 30, 2023
Pending home sales in October fell to their lowest level since 2001. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% in October on a month-over-month basis, according to data released Thursday by the National Association of Realtors (NAR). As a result, NAR’s Pending Home Sales Index fell to a reading of 71.4, down from 72.6 in September.
Real Estate News
NOVEMBER 30, 2023
Rates edged closer to the 7% mark this week, improving affordability. Coupled with a small bump in listings, that could mean more year-end sales.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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
NOVEMBER 30, 2023
Bright MLS released its National Housing Market Outlook on Wednesday, which shows that affordability will remain the biggest challenge for homebuyers next year. Homebuyer traffic will increase in 2024, fueled by lower mortgage rates and more existing-home inventory. Home sales are expected to rise, as homebuyers will have more options to choose from.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
NOVEMBER 30, 2023
Nine months after requesting input from the industry, the Federal Housing Administration (FHA) issued a proposal on Wednesday to enhance its rehabilitation program. The updates include increases in the maximum rehabilitation costs for the program’s limited version, an extension of the allowable period for more complex projects and changes in consultant fees, among others.
Real Estate News
NOVEMBER 30, 2023
The latest CoreLogic report shows delinquencies at record low levels, although there are some warning signs.
Housing Wire
NOVEMBER 30, 2023
Editor in Chief Sarah Wheeler sat down with Kenon Chen, executive vice president of strategy and growth at Clear Capital , to talk about appraisal modernization and how technology is just part of the solution. Sarah Wheeler: What are some of the biggest challenges right now? Kenon Chen: The challenge that’s in front of everyone continues to be the market itself, and then housing affordability.
Inman
NOVEMBER 30, 2023
Matterport and Vacasa will be traveling a lot together in the near future. The vacation home company hired the digital twin creator in a multi-year contract to help market its global portfolio of vacation homes under management.
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Housing Wire
NOVEMBER 30, 2023
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Wondering how to get a real estate license in Ohio in 2024? Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. From completing your required coursework to taking the licensing exam, keep reading to learn how to become a real estate agent in Ohio.
Inman
NOVEMBER 30, 2023
Building the real estate business of your dreams is a journey that requires vision, hard work and perseverance. Jimmy Burgess and brokerage founder Price Rainer share steps to harness your commitment and achieve your most audacious goals.
Housing Wire
NOVEMBER 30, 2023
If you are waiting on another commission lawsuit trial, it looks like you will be waiting a while. Judge Andrea R. Wood of the U.S. District Court in Chicago indicated this past spring that the trial in the Moehrl commission lawsuit would take place during the first half of 2024. But those plans seem to be in flux after a telephonic status hearing for the case on Wednesday.
Inman
NOVEMBER 30, 2023
You've heard of the Pareto Principle. Take it to the next level with the Law of Three, writes luxury consultant Chris Pollinger, a strategy designed to make your leadership more impactful.
Housing Wire
NOVEMBER 30, 2023
After about a week of chaos at Fidelity National Financial (FNF) due to a cybersecurity attack , the firm said the incident was contained on Sunday, November 26. In an updated filing with the Securities and Exchange Commission on Thursday, Fidelity disclosed the company became aware of a cybersecurity incident that impacted some of its systems on Sunday Nov. 19.
Inman
NOVEMBER 30, 2023
There were 7.5 percent more homesellers listing their homes in November 2023 than in November 2022, according to Realtor.com.
Housing Wire
NOVEMBER 30, 2023
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. In Illinois, real estate agents are called brokers.
Inman
NOVEMBER 30, 2023
Homebuyers will have slightly more homes to choose from at slightly more agreeable prices in the new year, according to the portal's 2024 forecast.
Housing Wire
NOVEMBER 30, 2023
A typical 20% down payment on a home in a U.S. metropolitan area costs $80,250, based on the median price of a single-family home of $402,600 in the second quarter of 2023. However, for many first-time homebuyers , the hurdle of making a substantial down payment can seem insurmountable and many can only put down 3-5%, or $12,078 – $20,130. This is where down payment assistance programs can come into play, offering a lifeline to those aspiring to become homeowners.
Inman
NOVEMBER 30, 2023
The nation's largest title insurer won't say whether it was the target of a ransomware attack, sparking speculation that it paid a ransom to hackers exploiting Citrix Bleed software vulnerability.
Housing Wire
NOVEMBER 30, 2023
The Consumer Financial Protection Bureau (CFPB) wants to address mortgage issues, including affordability and servicing challenges. However, persistently high mortgage rates currently straining affordability prospects will limit what the Bureau can accomplish. This is according to CFPB Director Rohit Chopra , who offered a semi-annual report on the CFPB in front of the U.S.
Inman
NOVEMBER 30, 2023
Tune in to this week's latest Inman Access class and hear from three industry experts on what real estate professionals should be prioritizing to see success in today's market and in 2024.
Housing Wire
NOVEMBER 30, 2023
The Conference of State Bank Supervisors ’ (CSBS) board of directors appointed Brandon Milhorn – current deputy to Federal Deposit Insurance Corporation (FDIC) vice chairman Travis Hill – as its incoming president and chief executive officer (CEO). Milhorn will assume the new role on Dec. 4, succeeding James Cooper. Cooper retires after serving in the position since June 2022 following the sudden passing of longtime CSBS CEO John Ryan.
Inman
NOVEMBER 30, 2023
The Threads app has exploded with posts of Women Supporting Women, an effort for growing community and connecting with other like-minded women. Jessi Healey explains and advises real estate agents on how to participate.
BiggerPockets
NOVEMBER 30, 2023
There’s one type of investment property most people would NEVER consider that could make you a millionaire.
Inman
NOVEMBER 30, 2023
Don't let fear keep LGBTQ+ and minority clients from realizing the benefits of homeownership. Zak Shellhammer offers ideas for becoming an advocate and adviser for all of your buyers.
BiggerPockets
NOVEMBER 30, 2023
Here’s a look at the tradeoff between HELOCs and cash-out refinances—the two most common and popular ways to tap into your home equity while maintaining and keeping the ownership of your home.
Inman
NOVEMBER 30, 2023
Pending sales fell 1.5 percent month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001.
BiggerPockets
NOVEMBER 30, 2023
You want to know how to get rich. But you probably don’t want to deal with the tenants, toilets, trash, and constant headaches of investing in real estate.
Inman
NOVEMBER 30, 2023
In his latest Snapshot profile, Brandon Doyle interviews Warren Dow, general manager of the real estate division at SavvyCard, about his pivot to real estate technology.
BiggerPockets
NOVEMBER 30, 2023
Will the housing market be strong enough next year to make it a good investment decision? Read more to find out.
Inman
NOVEMBER 30, 2023
Find out how managing broker David Ayers and his brokerage are becoming part of the revitalization and resurgence going on in Northeast Ohio.
BiggerPockets
NOVEMBER 30, 2023
Some houses are primed to be flipped, while others are best left to another buyer. Knowing how to find houses to flip is critical to your success as a real estate investor. Here, you’ll learn how to adjust your approach to ensure yourself of finding (and buying) houses that can be flipped for a profit.
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