Appraisal Buzz

NOVEMBER 6, 2024

A new report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) takes a closer look at the shifting demographics for older Americans over 50 and the impact on the nation’s housing supply. The report, authored by Gary V. Engelhardt , Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University, and Faculty Associate in the Syracuse University Aging Studies Institute, found that as older Americans continue to remain

Home Value 459

Home Value Buyers Mortgage Marketing 459

Housing Wire

NOVEMBER 6, 2024

The trend of innovative software solutions and artificial intelligence (AI) tools continue as the real estate industry competes for speed and efficiency. New England -based MLS Property Information Network (MLS PIN) is following these footsteps with its latest partnership. MLS PIN announced a partnership with Restb.ai on Monday to bring advanced AI features to its web-based Pinergy MLS system.

Real Estate 385

Real Estate Valuation Review Tools Technology 385

Appraisal Buzz

NOVEMBER 6, 2024

Ironically, California has one of the most expensive housing markets in the U.S. despite its year-round pleasant weather and thriving business. Residents are leaving at a startling rate due to skyrocketing real estate prices and rising living expenses. Arizona is rapidly overtaking Texas as the most popular place for Californians to relocate. In actuality, almost 630,000 Californians, or the population of Tucson, have relocated to Arizona in the last ten years.

Business 370

Business Real Estate Marketing Housing Market 370

Housing Wire

NOVEMBER 6, 2024

There is likely to be a “modest” amount of excess home supply driven by demographic changes as older homeowners move out of their homes or die. But the aging U.S. population is not expected to be an outright source of change to home-price projections over the next 10 years, according to a newly updated report on homes owned by baby boomers. “First, based purely on changing demographics, over the next decade there was projected to be a modest amount of excess supply of homes for sale as older hom

Buyers 370

Buyers Mortgage Marketing Finance 370

Appraisal Buzz

NOVEMBER 6, 2024

According to a recent Zillow poll, nearly half of recent homebuyers who obtained a mortgage did so at a rate lower than 5%. Even though mortgage rates are currently close to 7%, many purchasers who bought a home within the last year used unconventional thinking to become homeowners. By the fall of 2023, mortgage rates had risen from historic lows of 2.65% in 2021 to a decade-high of 7.79%.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Housing Wire

NOVEMBER 6, 2024

A stagnant housing market hasn’t held back Zillow ’s mortgage business. On its third-quarter earnings call Wednesday evening, the real estate portal giant reported that its mortgage revenue rose 63% year over year, driven by an 80% jump in purchase origination volume. Compared to the first nine months of 2023, Zillow’s origination channel revenue grew 41% to $104 million.

Mortgage 397

Mortgage Real Estate Real Estate Agent Realtors 397

Housing Wire

NOVEMBER 6, 2024

Fathom Holdings , the parent company to Fathom Realty , announced a new promotion in its executive leadership team. On Wednesday, the firm hired former senior vice president of finance Joanne Zach as chief financial officer. After starting with Fathom in 2021, the new CFO worked directly alongside CEO Marco Fregenal for three years, collaborating on strategic planning and key financial decisions.

Finance 369

Finance Realty Agents Real Estate 369

Real Estate News

NOVEMBER 6, 2024

Home listings on the Flyhomes search portal now show the breakdown of recent presidential and congressional voting trends in any given community.

338

338

Housing Wire

NOVEMBER 6, 2024

Fair Isaac Corp. (FICO), the company that retains the rights to the market’s widely adopted consumer credit-risk assessment methodology, announced on Wednesday that it has increased its wholesale royalty from $3.50 to $4.95 per score for mortgage originations. The mortgage industry is now bracing for additional hikes from the credit reporting bureaus and other companies downstream of FICO.

Mortgage 418

Mortgage Lending Clients Finance 418

Real Estate News

NOVEMBER 6, 2024

Growth across all major divisions, which the company attributed to strong conversions and agent partnerships, produced double-digit gains in the third quarter.

Agents 317

Agents 317

Housing Wire

NOVEMBER 6, 2024

Guild Holdings Co. , the parent company of Guild Mortgage , sustained a $66.9 million loss in the third quarter of 2024 after delivering a profit of $37 million in the prior quarter. Meanwhile, its origination volume increased to $6.9 billion, up 6% from the second quarter and 49% higher than the same period in 2023. This led its originations segment to “profitable” results, according to CEO Terry Schmidt.

Valuation 360

Valuation Business Investing Mortgage 360

Real Estate News

NOVEMBER 6, 2024

HUD and FHFA executives spoke recently about ways the federal government should get more involved in issues like zoning, mortgages, insurance and appraisals.

Insurance 317

Insurance Government Appraisal Mortgage 317

Appraisal Buzz

NOVEMBER 6, 2024

Mortgage application volume plummeted 10.8% during the week ended Nov. 1, as the average rate for a 30-year fixed-rate mortgage increased to 6.81%, up from 6.73% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances tumbled 19% compared with the previous week but were still 48% higher compared with the same week one year ago.

Mortgage 195

Mortgage Appraisal 195

Real Estate News

NOVEMBER 6, 2024

In the short term, expect "rising and more unpredictable mortgage rates." But the Fed will likely stay the course and issue a modest rate cut this week.

Mortgage 312

Mortgage 312

Inman

NOVEMBER 6, 2024

With these AI-driven strategies at your fingertips, coach Darryl Davis writes, the path to becoming a more successful and efficient real estate agent is clearer than ever.

Real Estate 158

Real Estate Real Estate Agent Business Agents 158

Eyes on Housing

NOVEMBER 6, 2024

In October, mortgage rates reversed their recent downward trajectory, returning to levels two months earlier. According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage increased 25 basis points (bps) from September to 6.18%. The 15-year fixed-rate mortgage saw an even steeper increase of 34 bps to land at 5.60%. These increases coincided.

Mortgage 88

Mortgage Finance 88

Inman

NOVEMBER 6, 2024

Regularly practicing detachment by honing healthy practices, broker Pam Blair writes, doesn’t necessarily change the outward outcome of events but can dramatically alter our internal experience.

Agents 157

Agents 157

BiggerPockets

NOVEMBER 6, 2024

Real estate investing could help you achieve your financial goals, whether it’s to make enough cash flow to replace your W2 income or build wealth for an early retirement.

Real Estate 73

Real Estate Investing 73

Inman

NOVEMBER 6, 2024

While metrics and KPIs reflect your company's performance, Leah McDonough writes, it's feeling valued and appreciated that defines company culture.

Business 156

Business Real Estate Brokerage Agents 156

Mortgagebroker News

NOVEMBER 6, 2024

Finance minister seeks public opinion on the multi-billion deal

Government 72

Government Finance 72

Inman

NOVEMBER 6, 2024

In addition to signing a multi-year deal with Pentagon Federal Credit Union, Blend laid off 50 workers in September, or about 9 percent of its workforce.

Technology 153

Technology Mortgage 153

Lamacchia Realty

NOVEMBER 6, 2024

ALL YOU SHOULD KNOW ABOUT FLORIDA HOAs Buying a home in an area with HOA (Homeowners Association) fees can be tricky, especially since many people aren’t familiar with the process. However, it definitely has its pros and cons. Although it might not seem so at first, HOAs in Florida are there to help you as a homeowner. People usually only see the burden of following the rules instead of focusing on the benefits they get from a Homeowners Association.

HOA 59

HOA Realty Buyers Transportation 59

Inman

NOVEMBER 6, 2024

Accused of embezzling as much as $27 billion alongside her husband and other accomplices, Truong My Lan told the court on Monday that her sentence is "too expensive to pay" and "too severe.

Real Estate 146

Real Estate Brokerage Agents 146

Buys Brokers Only LLC

NOVEMBER 6, 2024

In September 2024, the real estate markets in Burlington, Massachusetts, and Bedford, Massachusetts, showed notable shifts compared to the same month last year. Single-family home sales declined in Burlington and grew in Bedford. In September, Burlington had no condominium sales, and Bedford condo sales plummeted 67 percent. From January through September, single-family home sales remained relatively stable year over year, while condominium sales softened, especially in Burlington.

Real Estate 53

Real Estate Realtors Marketing 53

Inman

NOVEMBER 6, 2024

Now that a year has passed, what's your biggest lesson learned since the Sitzer | Burnett verdict? How has your business changed, and have those changes been positive overall?

Business 145

Business Agents 145

Mortgagebroker News

NOVEMBER 6, 2024

Higher adoption of technology boosts funded volumes

Technology 45

Technology 45

Inman

NOVEMBER 6, 2024

Zillow tallied $581 million in revenue between July and September, according to Q3 earnings released Wednesday. Revenue from the portal's mortgage business hit $39 million, a 63 percent increase from 2023.

Mortgage 166

Mortgage Business Technology Agents 166

Mortgagebroker News

NOVEMBER 6, 2024

One-third of managers offering remote work option during election week: survey

41

41

Inman

NOVEMBER 6, 2024

Renter households increased by 2.7 percent year-over-year in the third quarter to a record 45.6 million, a rate three times higher than the 0.9 percent uptick in homeowner households, according to a new Redfin analysis.

Housing Market 164

Housing Market Marketing 164

BiggerPockets

NOVEMBER 6, 2024

Can you invest in real estate with just $75,000? And not only invest but can you find cash-flowing rentals in solid markets with long-term profit potential without spending six figures?

Marketing 41

Marketing Real Estate Investing 41

Mashvisor

NOVEMBER 6, 2024

We’re excited to bring you more powerful features to help you make smarter real estate investment decisions with Mashvisor’s latest updates.

Real Estate 36

Real Estate Investing 36

Mortgagebroker News

NOVEMBER 6, 2024

Minutes show officials feel less need for restrictive policy as inflation eases

78

78

Housing Wire

NOVEMBER 6, 2024

Mortgage demand declined for a sixth straight week on the back of higher mortgage rates , according to weekly applications survey data published Wednesday by the Mortgage Bankers Association (MBA). Applications dropped 10.8% on a seasonally adjusted basis during the week ending Nov. 1. Demand has plummeted 41% since the last increase in applications during the week of Sept. 20, which paradoxically coincides with the Federal Reserve ’s decision to lower benchmark rates by 50 basis points (bps).

Mortgage 418

Mortgage Government Contracts Marketing 418

Mortgagebroker News

NOVEMBER 6, 2024

Affordability and lifestyle perks draw renters to several major cities

72

72