Housing Wire
DECEMBER 13, 2023
The Federal Open Markets Committee (FOMC) held its short-term policy interest rate steady at a range of 5.25% to 5.5% at its last meeting of the year on Wednesday. It was the fourth pause recorded in 2023. Investors will parse Jerome Powell’s press conference this afternoon for clues about when and why the central bank might change its policy stance next year.
Sacramento Appraisal Blog
DECEMBER 13, 2023
The housing market pretty much sucked this year for so many real estate professionals. Look, it’s easy to feel like God’s gift to real estate when business is flying off the shelves, but it’s tough when the transaction faucet gets turned off. The truth is everyone feels like an expert when things are good, but […] The post The housing market sucks, but experts can thrive first appeared on Sacramento Appraisal Blog.
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Housing Wire
DECEMBER 13, 2023
The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely rule out the possibility of a rate increase in 2024, that action seems unlikely. Instead, fresh economic projections from central bank officials showed rates would be slashed to a median 4.6% by the end of 2024, suggesting three 25 basis points (bps) cuts from current levels.
Real Estate News
DECEMBER 13, 2023
COO Greg Hart to leave Compass as company eliminates role; Collabra Technology taps Scott Feldman as chief revenue officer; CMLS names board members.
Housing Wire
DECEMBER 13, 2023
As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire. Sales, however, may see only mild improvement in the year ahead, while prices will remain more or less historically high, the forecasters believe.
Inman
DECEMBER 13, 2023
Federal Reserve policymakers anticipate three rate cuts by the end of next year, but many think the central bank may cut faster and harder.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
DECEMBER 13, 2023
Luring high-income renters into homeownership will only become more challenging as costs stay high, according to experts and a survey of US consumers conducted by Dig Insights and Inman.
Housing Wire
DECEMBER 13, 2023
Government sponsored enterprise Freddie Mac has approved mortgage technology company Truv for both payroll verifications and consumer-permissioned income. With the new integration, lenders will have access to the Truv platform to obtain and transmit information and data required on Freddie Mac’s Loan Product Advisor platform for the income modeling assessment without needing a third-party verification.
George Dell
DECEMBER 13, 2023
The education question — what is more important? The content of appraiser training, or how it is delivered? Appraiser education “marketability” is similar to appraisal marketing itself. Buyers of appraisals and buyers of appraisal education judge by three things: Cheap; Fast; Good. “Pick any two” says David Towne in his graphic. Anyone can provide classes. […] The post Education: Delivery or Content?
Housing Wire
DECEMBER 13, 2023
Compass ’ chief operating officer Greg Hart will leave the brokerage at the end of the year, according to a document filed with the Securities and Exchange Commission on Tuesday. According to the filing, Hart’s position is being eliminated and Compass will not seek to fill the vacancy. As such, Hart is entitled to receive severance benefits. Hart joined Compass in March 2020 to serve as the firm’s chief product officer, before assuming the role of chief operating officer over the summer of 2022.
Inman
DECEMBER 13, 2023
As part of his Snapshot series, Brandon Doyle profiles speaker, coach and consultant Sean Carpenter to find out how he brings fun and enthusiasm to his real estate journey.
Housing Wire
DECEMBER 13, 2023
Verifications provider Argyle announced an integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower loan origination system (LOS) from Dark Matter Technologies. The collaboration is aimed to make it easier for lenders to order Argyle’s verification of income (VOI) and verification of employment (VOE) reports through the Empower LOS.
Eyes on Housing
DECEMBER 13, 2023
The Federal Reserve’s monetary policy committee held the federal funds rate constant at a top target rate of 5.5% at the conclusion of its December meeting. The Fed will continue to reduce its balance sheet holdings of Treasuries and mortgage-backed securities as part of quantitative tightening and balance sheet normalization. Marking a third consecutive meeting holding the federal funds rate.
Housing Wire
DECEMBER 13, 2023
As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates , steep home prices , scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021. It also has been a brutal year for the secondary market that creates liquidity for mortgage lenders as greatly reduced mortgage originations, liquidity challenges and interest rate volatility have played havoc in the whole-loan trading as well as the private-label and agenc
Inman
DECEMBER 13, 2023
Demand for purchase mortgages has picked up in five out of the past six weeks, and applications to refinance have roared back, jumping 27 percent from a year ago.
Housing Wire
DECEMBER 13, 2023
Rocket Homes is looking to make your daily commute part of your home search experience. The company announced Tuesday that the Rocket Homes iOS app is now available on the infotainment screen of a user’s car via Apple CarPlay. According to the release, homes listed for sale can be seen by users in the “Nearby” tab of the app on CarPlay. By tapping the listing users can easily get directions to the home, call an agent or save the listing in their “Favorites.
Inman
DECEMBER 13, 2023
Lionetti said he believes Real's model is the future of the industry. His business partner, Anna Oliver, will be moving from The Agency to Real, too.
Housing Wire
DECEMBER 13, 2023
The Mortgage Bankers Association (MBA) and the National Mortgage Servicing Association (NMSA) are expressing their views on a recently revised Federal Housing Administration (FHA) loss mitigation proposal, stating that it needs additional adjustments to effectively address the challenges it is designed to tackle. The proposed policy FHA in May submitted — and in November, updated — a draft Mortgagee Letter (ML) to the Single Family Drafting Table , an online portal for stakeholders to review pro
Inman
DECEMBER 13, 2023
Realtor.com is ramping up its competition with rival portals heading into the new year as it rolls out enhanced listing-focused products for agents, Chief Marketing Officer Mickey Neuberger told Intel exclusively.
Eyes on Housing
DECEMBER 13, 2023
Per the Mortgage Bankers Association’s (MBA) survey through the week ending December 8th, total mortgage activity increased 7.4% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate fell 10 basis points to 7.07%. The FRM rate has decreased by 54 basis points over the past month.
Inman
DECEMBER 13, 2023
Integration with Apple CarPlay turns the commute "into an exciting and natural part of the homebuying journey" — unless you drive a Tesla.
Eyes on Housing
DECEMBER 13, 2023
According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) increased 0.2% in November after declining 0.4% in October (revised, not seasonally adjusted). The index has increased 0.8% (NSA), year-to-date, marking the smallest YTD gain through November since it fell 0.2% over the first 11 months of 2019.
Inman
DECEMBER 13, 2023
Using a floor plan generated by artificial intelligence, families can now explore every nook and cranny of Santa Claus' house, which is currently valued at $1.18 million.
BiggerPockets
DECEMBER 13, 2023
Housing prices have hardly let up over the past few years, and rising rates have made buying real estate even more expensive. Will we see any relief next year, though? Here's what you need to know.
Inman
DECEMBER 13, 2023
Have you made your wishlist for the holidays? Are you looking for some shiny objects or something a little less tangible this year?
BiggerPockets
DECEMBER 13, 2023
After a few months of steady rates, pundits are ready to see them fall. The Fed might have other plans, though.
Inman
DECEMBER 13, 2023
OneKey MLS's purchase of broker-owned Mid-Hudson MLS is expected to close in January. OneKey says it will provide more data and reach to agents while saving time and money.
BiggerPockets
DECEMBER 13, 2023
Using multiple strategies to build financial independence can be very effective, especially when executed like this. Here's what you need to know.
Inman
DECEMBER 13, 2023
Selling detached or single-family condominiums comes with a host of unusual issues. Trainer Bernice Ross shares how it works and what you need to know to provide expert service to your clients.
BiggerPockets
DECEMBER 13, 2023
Ready to grow your real estate business in 2024?
Mortgagebroker News
DECEMBER 13, 2023
How did Hillmount help save a subdivision?
BiggerPockets
DECEMBER 13, 2023
A recession isn’t off the table for 2024, so you’ll need to know how to prepare for a recession and profit if the economy starts to slide.
Mortgagebroker News
DECEMBER 13, 2023
Home buyers will need to prove they can pay off loans with an 8% rate or more
BiggerPockets
DECEMBER 13, 2023
How do you make six figures in passive income with no college degree, very little money, and zero experience in real estate?
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