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

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Sacramento Appraisal Blog

NOVEMBER 6, 2024

Goodbye California. Many households have said that in recent years, and in a housing market that feels frozen with so many sellers sitting, one of the groups that still has incentive to sell happens to be residents leaving the state. Today, let’s talk about fresh migration stats. Any thoughts? UPCOMING SPEAKING GIGS: 11/7/2024 Think Like […] The post Saying goodbye to California first appeared on Sacramento Appraisal Blog.

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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%.

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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.

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Appraisal Buzz

NOVEMBER 6, 2024

There will be no excess supply of homes to the markets from older Americans moving or dying over the next decade, a research report from the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) finds. Any net gain in housing supply from Baby Boomer homeowners passing away over the next decade will be offset by strong demand for housing in a supply-starved market.

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Buyers Appraisal Marketing Mortgage 369

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.

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Housing Wire

NOVEMBER 6, 2024

Jim Cory, managing director of reverse mortgages at Guild Mortgage , has been in the industry for the better part of three decades. He is a longtime member of the National Reverse Mortgage Lenders Association (NRMLA), and he was recently elected as its co-chair alongside Mike Kent of PHH Mortgage Corp. Cory first joined the association in 1998 and previously served the board as vice chair.

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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.

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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.

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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.

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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

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Buyers Mortgage Marketing Finance 370

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.

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Mortgage 259

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 393

Real Estate Valuation Review Tools Technology 393

Appraisal Buzz

NOVEMBER 6, 2024

The Federal Housing Finance Agency (FHFA) has introduced new condominium data in its 2024 second-quarter data as part of the UAD Aggregate Statistics. This is the first time publicly available data drawn from condominium appraisal records has been included, complementing the existing data for single-family homes. “Today’s release features data drawn from condominium appraisal records submitted to Fannie Mae and Freddie Mac—an important step in expanding public access to appraisal data,” said Dr.

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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.

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Appraisal Buzz

NOVEMBER 6, 2024

In today’s episode, host Hal Humphreys welcomes Jeff Morley of Accurity Valuation. Jeff and Hal dive into exciting news about the upcoming ACTS conference, and Jeff teases a fresh, unique opportunity aimed at helping new appraisers connect and grow within the industry. Tune in to hear about the inspiration behind this initiative, who’s collaborating on it, and how you can get involved.

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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.

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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.

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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.

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Mortgage Business Technology Agents 167

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.

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Mortgage Finance 88

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.

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Housing Market Marketing 166

Eyes on Housing

NOVEMBER 6, 2024

The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers Association’s (MBA) weekly survey, decreased 13.9% month-over-month on a seasonally adjusted (SA) basis due to higher mortgage rates. This decline was reflected in both the Purchase and Refinance Indices, which fell by 4.4% and 23%, respectively. However, compared to October.

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Mortgage Marketing Finance 78

Inman

NOVEMBER 6, 2024

Inman On Tour will tap into the regional synergies and local affinities of their host cities allowing even more agents, brokers, and tech founders to learn, network with peers, and experience the magic of the Inman community.

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Agents Real Estate 166

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.

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Real Estate Investing 71

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?

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Business Agents 156

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

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.

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Agents 158

Mortgagebroker News

NOVEMBER 6, 2024

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

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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 157

Real Estate Brokerage Agents 157

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.

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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

Mortgagebroker News

NOVEMBER 6, 2024

Affordability and lifestyle perks draw renters to several major cities

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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 158

Business Real Estate Brokerage Agents 158

Mortgagebroker News

NOVEMBER 6, 2024

Finance minister seeks public opinion on the multi-billion deal

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Government Finance 69