Housing Wire
JULY 15, 2024
Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in last week, the bond market rallied and mortgage rates took a notable dip below 7% for the first time in months.
Appraisal Buzz
JULY 15, 2024
Accordingo to a new rental report from Zillow, rental prices are still the most expensive in desirable costal cities like New York City, Boston, and San Jose (along with the rest of the Bay Area)—who are the top three most expensive rental markets in the country—but rental markets in other parts of the country, especially those deemed “affordable” in the past are also seeing rental prices grow, especially in the Northeast and Midwest, led by the cities of Hartford, Connecticut; Louisville, Kentu
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Housing Wire
JULY 15, 2024
President Joe Biden will propose on Tuesday a nationwide cap on rent hikes of 5% per year, according to The Washington Post, which cites “three people familiar with the matter.” The proposal will rescind unspecified tax breaks to landlords who raise rents by more than 5%, although it would only apply to landlords who own more than 50 rental units. This would cover roughly half of all rental units in the country, according to Post sources.
Appraisal Buzz
JULY 15, 2024
In a troubling trend that underscores persistent housing injustices across the United States, the number of fair housing complaints has surged to unprecedented levels for the third consecutive year, according to the latest report from the National Fair Housing Alliance (NFHA). The 2024 Fair Housing Trends Report reveals a sharp increase in grievances filed, with 34,150 complaints documented in 2023.
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Housing Wire
JULY 15, 2024
Rocket Pro TPO , the wholesale arm of Rocket Mortgage , announced Monday that it has decided to waive the $795 origination fee charged to broker partners on home equity loans. “When you think about what home equity looks like or represents across the country, there’s a record-breaking home equity, with homeowners sitting on almost $17 trillion,” Rocket Pro TPO executive vice president Mike Fawaz said in an interview. “There’s a ton of demand when it comes to looking
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
JULY 15, 2024
A little over a month after technology startup executive Eric Elfman replaced MoxiWorks founder York Baur as CEO, the real estate technology platform provider appears to be undergoing a round of layoffs. Impacted employees at MoxiWorks took to LinkedIn last week to discuss the layoffs and share their job search goals. One such employee was Bret Calltharp, MoxiWorks’ former director of engagement.
Real Estate News
JULY 15, 2024
The state association is rolling out buyer agreements and other forms that it believes offer a balance of simplicity and agent protections.
Housing Wire
JULY 15, 2024
Over the last five years, I have been fortunate enough to publish several articles on Artificial Intelligence (AI), typically with a heretical tone. No one can deny that AI is powerful and that AI when applied deeply to verticals and scenarios will be a major factor in the transformation of business. On the other hand, the usual hyperbole that accompanies any trend in technology should not be taken at face-value; kicking the tires and assessing previous promises and bets is essential.
Real Estate News
JULY 15, 2024
The two brokerages announced settlements in the Gibson/Umpa case on Monday, while several other firms filed motions to dismiss.
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Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Housing Wire
JULY 15, 2024
CoStar Group continues to strengthen its executive team as the “portal wars” heat up. On Thursday, the firm announced the return of former vice president of investor and public relations, Richard Simonelli, after five years away from the firm, along with the promotion of Cyndi Eakin to chief accounting officer. Simonelli is returning as CoStar’s new head of investor relations.
Real Estate News
JULY 15, 2024
Rich Simonelli is back at CoStar after a 5-year hiatus, leading investor relations, while Cyndi Eakin was promoted to chief accounting officer.
Housing Wire
JULY 15, 2024
In addition to welcoming new agents in Florida and Colorado , Compass announced Monday that Soha Fontaine and her team, Team Soha , are making the move over from RE/MAX. The Hoboken, New Jersey -based team was previously brokered at RE/MAX Select and Fontaine has been with the RE/MAX brand for two-plus decades. Her achievements at RE/MAX include being inducted into the brokerage’s Hall of Fame (2008) and Circle of Legends (2018), as well as a Lifetime Achievement award (2011).
Appraisal Buzz
JULY 15, 2024
Returning to Dallas this September 24-26, the Five Star Conference and Expo is the premier mortgage conference that attracts leading subject matter experts, exhibitors, and thousands of professionals representing mortgage servicers, lenders, federal government agencies, financial services law firms, service providers, investors, and real estate organizations from across the nation working towards the common goal of a stronger and united mortgage industry.
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Housing Wire
JULY 15, 2024
Compass has nabbed a pair of top agents to add to its teams in Florida and Colorado. Bonnie Heatzig is coming over from Douglas Elliman, bringing her extensive knowledge to the Boca Raton, Florida-based team at Compass. She has more than 20 years of experience in luxury real estate, selling more than $170 million in volume over the past four years. In Denver, Stuart Crowell joins Compass from LIV Sotheby’s.
Inman
JULY 15, 2024
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey.
Housing Wire
JULY 15, 2024
Loan originators in today’s mortgage market have weathered significant challenges. They’ve endured a major drop in volume, a rapid rise in rates, and uncertainty surrounding realtor commission settlements and their impact on referral partners. If you are still in the game, you’re already demonstrating resilience and adaptability. Now, it’s time to leverage these experiences and position yourself for future success.
Appraisal Buzz
JULY 15, 2024
The highest echelons of government have taken an interest in climate change and its effects. Variations in weather patterns are having an increasing impact on socioeconomic dynamics, ranging from stress in the home insurance markets in the U.S. to drought conditions affecting cargo shipping and infrastructure planning. This is according to a new CoreLogic report.
Housing Wire
JULY 15, 2024
Just like a football team entering the red zone — the area of the field inside the opponent’s 20-yard line — should be extra cautious to avoid wasting a scoring chance, Americans who are nearing retirement should dial back aggressive investment strategies. That’s the advice of Kevin Wade, a financial planner with Centennial Advisors LLC , in a column published Monday by personal finance website Kiplinger.
Inman
JULY 15, 2024
Fast-growing rents and disappearing rental assistance programs have given way to a concerning rise in eviction filings compared to pre-pandemic norms, "The Wall Street Journal" revealed on Monday.
Housing Wire
JULY 15, 2024
Data is a relevant and valuable tool for assessing where a business or an industry is at any given time. But looking deeper than the core numbers is essential, especially when considering the shifting realities and governing rules for an industry as intertwined between public and private interests as the reverse mortgage industry is. This was the tenor for part of a conversation between HousingWire ’s Reverse Mortgage Daily (RMD) and John Lunde, president of Reverse Market Insight.
Inman
JULY 15, 2024
Bernice Ross interviews Realeflow CEO Greg Clement about how real estate agents can tap into the pool of cash buyers and investors to add lead gen leverage and market coverage to their businesses.
Housing Wire
JULY 15, 2024
Baltimore -based Dominion Financial Services , a nationwide private lender that specializes in financing for real estate investors , announced the hiring of Dustin Wells as the president of its newly launched wholesale lending division. Wells has more than 20 years of experience in the financial services arena. Most recently, he served as co-president of Stronghill Capital , an Austin -based nonbank lender.
Inman
JULY 15, 2024
The latest order by the Court of Appeals in Washington, D.C., means the DOJ is free to reopen its investigation into the National Association of Realtors.
Housing Wire
JULY 15, 2024
The U.S. Department of Housing and Urban Development (HUD) announced on Monday that it has charged lender Rocket Mortgage , two appraisal companies and one appraiser with allegedly issuing a biased valuation and denying a refinance loan to a Black homeowner in Denver. The HUD accused appraiser Maksym Mykhailyna and his company, Maverick Appraisal Group , appraisal management company Solidifi U.S.
Inman
JULY 15, 2024
Thirty agents at SWF Premium Real Estate team who closed $321 million in sales across 278 transactions in 2023 have now aligned with Compass, the firm told Inman. A new office in Naples was also announced.
GoForrmz
JULY 15, 2024
Originally published on 12/17/2015 GoFormz makes going paperless a breeze Transitioning to paperless processes offers numerous benefits for businesses. First and foremost, it significantly reduces operational costs associated with paper, printing, storage, and disposal. By digitizing documents, companies can enhance efficiency and productivity, as digital files are easier to organize, access, and share.
Inman
JULY 15, 2024
Ready to make a leap into real estate but worried about how to pull off the transition? Learn from Atlanta agent Leah Williamson's trip to top-producer.
Eyes on Housing
JULY 15, 2024
NAHB analysis of the Survey of Construction (SOC) shows that 72.4% of new single-family homes started in 2023 were built on slab foundations, 16.6% were built with full or partial basements, and 9.9% with crawl spaces. The share of new homes built on slabs has risen steadily from 45.8% in 2000 to 72.4% in 2023.
Inman
JULY 15, 2024
Pacaso CEO peels back the curtain on his company’s evolution to a new chapter as Pacaso buys more houses in more markets at lower prices.
Appraiserblogs
JULY 15, 2024
The story of this single mother’s harrowing experience with a defective home purchase and HUD’s negligent oversight exposes deep flaws in the FHA appraisal and loan review process. After sacrificing for years to rebuild her credit and earn the right to become a homeowner, this borrower found her dream home in the country – or so she thought. During the home inspection, issues with the well and septic system were flagged, but the seller, an investor who had purchased the home in an estate sale, w
Inman
JULY 15, 2024
Questions swirled last week over the identity of an unidentified buyer behind the Billionaires' Row condo transaction — with speculation rising that King Charles was at the center of the purchase.
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