Housing Wire

SEPTEMBER 16, 2024

In 2024, the United States has already battled a year of extremes from tornadoes, hurricanes and flash flooding. Watery catastrophes have become far more and condo flooding is on the rise. September tends to be the most active month of the hurricane season. Of storms recorded in the Atlantic over time, over one-third have formed during September. The immense flooding that occurs during storm season can lead to evacuations and widespread power outages as we continue to feel the increasing severit

Property Management 441

Property Management Development Insurance Real Estate 441

Appraisal Buzz

SEPTEMBER 16, 2024

Across America, baby boomers continue to make their mark, and their decisions on homeownership are significantly affecting the housing market. Born between 1946 and 1964, this generation has shaped the nation’s economy and culture. Now, as they age, their decision to hold onto their homes is impacting housing availability. A new survey from Clever Real Estate shows that 61% of boomers currently own homes, and 54% of those homeowners intend to stay in their homes for life.

Housing Market 397

Housing Market Property Taxes Real Estate Marketing 397

Housing Wire

SEPTEMBER 16, 2024

Recipients of the federal Social Security benefits program are on track to receive a 2.5% cost-of-living adjustment (COLA) in 2025, a smaller increase than in recent years as the bite of inflation loosens its grip. A forecast released last week by The Senior Citizens League (TSCL) arrived just ahead of an expected cut to benchmark interest rates by the Federal Reserve as economic data shows inflation beginning to come closer to the Fed’s target of 2% annually.

Bracketing 429

Bracketing Finance 429

Appraisal Buzz

SEPTEMBER 16, 2024

According to Zillow’s most recent market report , reduced mortgage rates and more inventory are providing house buyers with a window of opportunity at an uncommon time of year. For those looking to purchase a home, affordability has significantly increased, and rather than decreasing as is usually the case at this time of year, competition among them may continue into the fall.

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Buyers Inventory New Listings Home Value 395

Housing Wire

SEPTEMBER 16, 2024

Real estate and mortgage professionals: Your voice matters! Fill out the 5 minute survey today! Each quarter, HousingWire will tally the results and compile a report to gauge the market and provide you with valuable market trends, opportunities, and challenges. There is much to learn about the challenges real estate and mortgage professionals are facing.

Housing Market 428

Housing Market Marketing Real Estate Mortgage 428

Appraisal Buzz

SEPTEMBER 16, 2024

The Five Star Conference 2024 , set for Tuesday-Thursday, September 24-26 at the OMNI Hotel in Dallas, is just days away, and the list of scheduled speakers, educational offerings, and networking opportunities continues to grow, offering something for all in the mortgage space. Tuesday, September 24 at 11:30 a.m., the Five Star Conference officially kicks off with the Keys for Life Opening Luncheon , where attendees will learn about the current State of the Industry, celebrate the 2024 Lifetime

Mortgage 372

Mortgage Insurance Government Real Estate 372

Appraisal Buzz

SEPTEMBER 16, 2024

Imagine completing your appraisals in less time, with twice the accuracy, and opening doors to new lucrative markets—that’s the power of AI in the appraisal industry. But are you truly ready to harness this transformative power, or will you be left behind as the industry evolves? Artificial intelligence is revolutionizing the appraisal industry, dramatically enhancing productivity, accuracy, and revenue streams.

Appraisal 352

Appraisal Training Agents Clients 352

Housing Wire

SEPTEMBER 16, 2024

The James Dwiggins -helmed firm NextHome is the newest real estate brokerage to settle the commission lawsuits. The firm notified the court of its settlement agreement on Tuesday in the consolidated Gibson and Umpa suits suits via a brief filed last week. The filing does not note how much NextHome has agreed to pay or what, if any, business practice changes it will implement.

Brokerage 410

Brokerage Real Estate Realty Realtors 410

Appraisal Buzz

SEPTEMBER 16, 2024

The Federal Housing Finance Agency (FHFA) has released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters as well, as nationwide data on housing and the mortgage market. The Mortgage Loan and Natural Disaster Dashboard is intended to give property owners, community leaders, financial institutions, policymakers, and other stakeholders better insight into which areas of the country are most likely to incur greater damages from

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Tools Finance Development Mortgage 221

Housing Wire

SEPTEMBER 16, 2024

Keller Williams ‘ legal worries just got a little lighter. On Friday, the real estate franchisee and the plaintiffs’ counsel in the Mcfarlane suit reached a settlement agreement for the lawsuit related to the firm’s recently abandoned changes to its profit-sharing program. In an email, Keller Williams confirmed that this agreement settles all of the breach-of-contract lawsuits filed against it by attorneys at the law firm of Humphrey, Farrington & McClain PC.

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Brokerage Legal Agents Design 408

Real Estate News

SEPTEMBER 16, 2024

Using the “one-third” formula, the plaintiffs’ lawyers are asking for more than $225 million from the two commissions settlements, plus other expenses.

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Housing Wire

SEPTEMBER 16, 2024

At the end of August, Guild Mortgage announced a suite of products under the name “ Flex Payment Mortgage ,” which includes Home Equity Conversion Mortgage ( HECM ) reverse mortgage products alongside refinances, proprietary jumbo options and HECM for Purchase (H4P) loans. Jim Cory, managing director of Guild’s reverse division, previously spoke with HousingWire ’s Reverse Mortgage Daily (RMD) about that rebranding initiative and what the division is keeping in mind following Guild’s acquisition

Mortgage 405

Mortgage Business Loan Officers Investing 405

Appraisal Buzz

SEPTEMBER 16, 2024

PERSON OF THE WEEK: Alternative data sources stand to open up more opportunities for lenders to identify consumers who qualify for a mortgage but may not know it yet. To learn more about how alternative data sources are helping mortgage lenders provide first and second chance opportunities for consumers that might not otherwise be possible, MortgageOrb interviewed Ashley Knight, senior vice president of product management for Experian ’s financial services and data business.

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Mortgage Lending Technology Business 195

Housing Wire

SEPTEMBER 16, 2024

Like all of the other settlements so far, plaintiffs’ attorneys in the ongoing real estate agent commission lawsuits have asked a court for one-third of the settlement amounts agreed to by the National Association of Realtors (NAR) and HomeServices of America. In a filing in the Sitzer/Burnett suit on Friday, the class counsel notified the court that it wants one-third of the $679.275 million settlement amount from the two parties, which equals roughly $226.425 million.

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Law Real Estate Agent Realtors Real Estate 404

Appraisal Buzz

SEPTEMBER 16, 2024

Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a new GenAI solution. The new features are part of the company’s extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live.

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Clients Design Tools Technology 195

Real Estate News

SEPTEMBER 16, 2024

The cloud-based brokerage will pay three installments into the settlement fund over the next two years, pushing the fund total past the $1 billion mark.

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Brokerage 182

Appraisal Buzz

SEPTEMBER 16, 2024

There were a total of 30,227 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in August, down 5.3% compared with July and down 11% compared with August 2023, according to ATTOM. “Foreclosure activity has remained relatively steady in recent months, with both foreclosure starts and completed foreclosures declining in August,” says Rob Barber, CEO at ATTOM, in the report.

Housing Market 195

Housing Market Appraisal Marketing 195

Inman

SEPTEMBER 16, 2024

Whether you’re negotiating on behalf of buyers or sellers, face-to-face or on Zoom, these 10 tips will help you be a better negotiator in a time when negotiation has never been more critical, Bernice Ross writes.

Sellers 180

Sellers Buyers Agents 180

Appraisal Buzz

SEPTEMBER 16, 2024

Ronald Chillemi has been appointed Chief Legal Officer (CLO) and Corporate Secretary of Figure Technology Solutions, Inc. (“Figure”). He will oversee the legal and compliance departments of the business in this capacity. Chillemi has over 25 years of experience in government relations, compliance, and regulatory affairs from her time as a federal and state prosecutor, at top law firms, and in the fintech industry.

Legal 195

Legal Technology Law Government 195

Inman

SEPTEMBER 16, 2024

The Obamas lived in the apartment from 1993 to 2005. The home is now being sold by Grammy-award-winning jazz singer Kurt Elling and his wife, Jennifer Elling.

Real Estate 191

Real Estate 191

Eyes on Housing

SEPTEMBER 16, 2024

Over the first seven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,308. On a year-over-year (YoY) basis, this is an increase of 13.7% over the July 2023 level of 527,158. Year-to-date ending in July, single-family permits were up in all four regions. The range of permit increases spanned.

Construction 168

Construction Marketing 168

Inman

SEPTEMBER 16, 2024

The super-narrow house in Boston's North End has long been associated with lore of two brothers fighting over property rights around the Civil War, but newly scrutinized archival documents shows that the tall tale may be erroneous.

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Appraiserblogs

SEPTEMBER 16, 2024

On September 13, 2024, the Appraisal Institute President, Sandra Adomatis, SRA, announced that Cindy Chance is no longer the CEO of the Appraisal Institute. “We are writing to inform you that as of today, September 13, Cindy Chance is no longer in her role as CEO of the Appraisal Institute.” In an interview published by HousingWire, Cindy Chance disclosed that the Board of Directors had terminated her.

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Appraisal 114

Inman

SEPTEMBER 16, 2024

This September, generate a supernova of change, and prepare to thrive well before 2025 arrives using these time management strategies from trainer Rachael Hite.

Agents 175

Agents Marketing 175

Eyes on Housing

SEPTEMBER 16, 2024

The average length of time to complete construction of a multifamily building after obtaining authorization was 19.9 months in 2023, according to the 2023 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time inched up 0.1 months in 2023, after an increase of 2.3 months in 2022, as the ongoing skilled labor shortage.

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Construction 98

Inman

SEPTEMBER 16, 2024

Real estate teams are here to stay. Follow Up Boss cuts through the confusion and offers clarity through customer-led education.

Real Estate 180

Real Estate Agents 180

JMV Lending

SEPTEMBER 16, 2024

Fed Week: Corruption or Panic on the Part of the Fed? The Fed will announce a rate cut this week, and many pundits are now predicting a 50-basis point cut […] The post Why Appraising a Home For More Than Purchase Price Is So Difficult – For 12 Months appeared first on JVM Lending.

Appraisal 139

Appraisal Lending 139

Inman

SEPTEMBER 16, 2024

In the wake of the Aug. 17 deadline, a rising share of agents told the Inman Intel Index that they were frustrated with industry trade groups and have considered leaving the industry. But will this all blow over?

Agents 150

Agents Realtors Brokerage 150

GoForrmz

SEPTEMBER 16, 2024

“ With GoFormz, you never feel alone. We felt confident that we could invest and GoFormz made me feel a little more competent in using the platform. ” — Christian Beall, Wholesale Operations, Honolulu Coffee Co. About Honolulu Coffee Co. Honolulu Coffee Co. is a seed-to-cup coffee company with ten coffee shops spread across four islands in Hawaii, three franchise locations in Guam, two in Canada, and ten more opening soon in Japan.

Design 78

Design Inventory Investing 78

BiggerPockets

SEPTEMBER 16, 2024

Banks are feeling pressure from the federal government to fund affordable housing projects, and they're pushing back. But in the middle of the fight is a possible profitability route for investors.

Investors 78

Investors Government Real Estate 78

Lamacchia Realty

SEPTEMBER 16, 2024

Cyndi Deshaies has qualified for Lamacchia Realty's 2024 President's Club We are thrilled to announce that Cyndi Deshaies has qualified for the 2024 Lamacchia Realty President’s Club by closing 33 transactions so far this year! This marks the fourth consecutive year Cyndi has qualified, having previously earned this honor in 2021 , 2022 , and 2023.

Realty 74

Realty Clients Real Estate Agents 74

BiggerPockets

SEPTEMBER 16, 2024

Learn how to find the best real estate markets by analyzing local economies, population trends, and infrastructure to make smart, profitable investments.

Real Estate 80

Real Estate Marketing Investing 80

Mortgagebroker News

SEPTEMBER 16, 2024

Feds also expand access to 30-year amortizations

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Government Insurance Mortgage 92

BiggerPockets

SEPTEMBER 16, 2024

When you start investing in real estate, you’re often driven by the promise of financial windfalls and impressive returns.

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Real Estate Investing Business 78