Housing Wire
SEPTEMBER 21, 2023
Existing home prices are up 3.9% year over year, with demand near 21st-century lows. How is this possible? NAR ‘s existing home sales report on Thursday gives us insight into the why factor. The median existing-home price for all housing types in August was $407,100, an increase of 3.9% from August 2022 ($391,700). All four U.S. regions posted price increases.
Cleveland Appraisal Blog
SEPTEMBER 21, 2023
Hello everyone! I hope you all have been doing good and hanging in there. The real estate market has been on a crazy ride for the past few years. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no. However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business.
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Housing Wire
SEPTEMBER 21, 2023
The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. In August, existing-home sales fell 0.7% from July to a seasonally adjusted annual rate of 4.04 million, according to a new report from the National Association of Realtors (NAR). Existing-home sales were down 15.3% compared to a year ago.
Real Estate News
SEPTEMBER 21, 2023
Both sides in the Sitzer/Burnett case filed motions over the right to use — or exclude — evidence from parties who have already settled.
Advertiser: Trellis
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Housing Wire
SEPTEMBER 21, 2023
Mortgage rates remained well above 7% on Thursday as markets digested Wednesday’s Fed meeting. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.19% as of Sept. 21, up one basis point from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 6.29% a year ago at this time.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
SEPTEMBER 21, 2023
Recruiting and keeping the best talent is critical in today’s real estate market. It’s also becoming more challenging as production takes a hit from lower home sales. On a national basis, year-over-year MLS production reports show the average real estate agent’s income is down 28%. Broker-owners’ operations teams are receiving more and more “non-payment” of MLS dues notices.
Real Estate News
SEPTEMBER 21, 2023
Sales dipped in August but have been relatively stable on average — though well below last year's levels, reflecting high prices and limited supply.
Housing Wire
SEPTEMBER 21, 2023
The housing market will remain subdued until the Federal Reserve starts cutting rates next year, according to economists and housing pros following the central bank’s Wednesday announcement to leave the benchmark rate unchanged in the target range of 5.25%-5.5%. Until interest rates come down, affordability challenges will continue to put first-time buyers on the sidelines, housing industry observers said.
George Dell
SEPTEMBER 21, 2023
Quasi-government “Congressionally-authorized” appraisal standards require “correct” research and analyses. What does that mean? What is correct? And who decides? It’s in Standard 1. Be correct. Editor’s Note: This is Standards, part 3.14 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Does this say – it’s […] The post A Correct Appraisal?
Speaker: Dylan Secrest
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
SEPTEMBER 21, 2023
Guaranteed Rate ’s PowerVP mobile app aims to enhance loan originators’ ability to keep in constant contact with customers anywhere, at any given time — 24/7. The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release.
Inman
SEPTEMBER 21, 2023
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow.
Housing Wire
SEPTEMBER 21, 2023
Ginnie Mae President Alanna McCargo delivered a keynote address at the Barclays U.S. Rates and Residential Mortgage-Backed Securities (RMBS) Conference in Tokyo, Japan , addressing Ginnie Mae mortgage-backed securities (MBS) potential value for investors and the company’s recently expanded social impact and sustainability work. “As I travel around the world, one thing is clear: global investors want more impact investment opportunities,” McCargo said during her speech.
Inman
SEPTEMBER 21, 2023
Learn how a former pro golfer and a lifelong real estate developer joined forces to share their love of Park City's lifestyle and culture with clients.
Advertiser: Trellis
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Housing Wire
SEPTEMBER 21, 2023
HousingWire Editor in Chief Sarah Wheeler sat down with Jimmy Kelly, president and CEO of Lone Wolf Technologies , to discuss the company’s development process and his vision for a connected real estate platform. This interview has been edited for length and clarity. Sarah Wheeler : Let’s talk about the evolution of real estate tech from individual products to connected platforms.
Inman
SEPTEMBER 21, 2023
Data from artificial intelligence-powered valuation company Plunk will be used to enrich the products of two real estate industry firms that specialize in marketing technology and services.
Housing Wire
SEPTEMBER 21, 2023
Loan quality and audit services company QC Ally on Thursday announced the acquisition of third-party due diligence solutions company Inglet Blair. Terms of the deal were not disclosed. In a statement on Thursday, QC Ally said the acquisition would allow the company to further its mission of helping financial services firms achieve “true enterprise quality” throughout the lifecycle of the loan, from origination to servicing and deeper into secondary markets.
Inman
SEPTEMBER 21, 2023
The National Flood Insurance Program is up against another deadline for renewal while a lawsuit from 10 states takes aim at its proposed pricing change.
Housing Wire
SEPTEMBER 21, 2023
Intercontinental Exchange, Inc. (ICE) and investment research firm Delta Terra Capital announced a partnership to offer climate-adjusted credit risk analytics for residential and commercial mortgage-backed securities (MBS). The credit risk analytics will combine ICE’s physical climate risk data and DeltaTerra’s climate analytics, financial risk models, and market data to deliver risk impact estimates for investors in the residential and commercial mortgage-backed securities markets.
Inman
SEPTEMBER 21, 2023
Knowing and acting on what you need to hear, Jimmy Burgess writes, instead of what you want to hear, is key to growing and optimizing your professional performance.
Eyes on Housing
SEPTEMBER 21, 2023
Existing home sales in August remained at the lowest level since January as limited inventory and higher mortgage rates continued to weigh on homebuyers, according to the National Association of Realtors (NAR). Low resale inventory and strong demand continued to drive up existing home prices, marking the third consecutive month where the median sales prices exceeded $400,000.
Inman
SEPTEMBER 21, 2023
Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest.
BiggerPockets
SEPTEMBER 21, 2023
House flipping profits are off the charts, so why are so many house flippers leaving the market?
Inman
SEPTEMBER 21, 2023
In today’s economy, every dime matters. Here are a few budget-friendly expenditures that author and coach Darryl Davis recommends for your next client appreciation event.
BiggerPockets
SEPTEMBER 21, 2023
A lien is a financial claim that a person or company has on a property. We'll explain the different types of liens and what they mean for investors.
Mortgagebroker News
SEPTEMBER 21, 2023
Recent data indicates that the 5% rate is helping steadily moderate the economy, according to the central bank
GoForrmz
SEPTEMBER 21, 2023
If you are filling out your forms on a mobile device, you’ll want to update your GoFormz app to our latest release Consistent look and feel We’ve made improvements to our mobile app, making it easier than ever to fill out and complete your digital forms from your phones and tablets. This update includes interface improvements that provide consistency across our Android, iOS, and Windows apps.
Mortgagebroker News
SEPTEMBER 21, 2023
The broker's wealth of knowledge is central in ensuring the best possible consumer experience
BiggerPockets
SEPTEMBER 21, 2023
If you’re new to personal finance, investment accounts can seem complicated.
Mortgagebroker News
SEPTEMBER 21, 2023
Find out which industry trailblazers made the cut
Mortgagebroker News
SEPTEMBER 21, 2023
Canadian Mortgage Professional’s Top 50 Women of Influence for 2023 have had an extraordinary impact by shaping the future of a dynamic market and lighting the path ahead for others
Mortgagebroker News
SEPTEMBER 21, 2023
The BoC's rate increases have pushed a significant share of mortgage holders to their limit
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