Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. There’s some optimism, however. With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday.

Lending 497

Lending Mortgage Loan Officers Government 497

Sacramento Appraisal Blog

FEBRUARY 6, 2024

Look, assumable loans are basically eye candy in real estate because they’re so rare, but they’re actually starting to happen more. So, let’s talk about it. This post won’t go into details about requirements or how the process works, but I want to highlight this tiny but growing trend in the Sacramento region. UPCOMING SPEAKING […] The post The tiny but growing trend of assuming the loan first appeared on Sacramento Appraisal Blog.

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Real Estate Appraisal Housing Market Marketing 351

Housing Wire

FEBRUARY 6, 2024

The elevated interest rate environment has brought an old product, the assumable mortgage, back into fashion. But a landscape of strict regulations, product limitations and operational inefficiencies hamper its widespread adoption. Assumable mortgages remain a niche market compared to new mortgage issuance. But these transactions have grown recently.

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Mortgage Sellers Advertising Buyers 479

Real Estate News

FEBRUARY 6, 2024

Freddie Mac and Chase have made recent changes to their down payment assistance programs which could help more low-income buyers enter the market.

Buyers 306

Buyers Marketing 306

Housing Wire

FEBRUARY 6, 2024

The data is clear: aging in place is a clear preference for many older Americans making plans for how their later years will play out. But a lot of people approaching these ages may not know the best ways they can make their homes more accommodating for natural changes that come with aging, according to a new story at CNBC. “People might say, ‘I want to age in place as the default plan, because that’s what I’m already doing,’” Carol Chiang, CEO of personalized aging-in-place consulting company E

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Renovations Home Improvement Investing Clients 476

Real Estate News

FEBRUARY 6, 2024

Appeals court sides with two of the four people suing the state of Florida along with an Orlando-based brokerage, with a final ruling expected soon.

Buyers 278

Buyers Brokerage 278

Inman

FEBRUARY 6, 2024

In three star-studded advertisements for Homes.com that appeared on YouTube over the weekend, the CoStar Group teases a "revolutionized" shopping experience ahead of Super Bowl Sunday.

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Advertising Technology Marketing 195

Housing Wire

FEBRUARY 6, 2024

Even as the housing market slowed in 2022 and 2023, the fraudulent activity of bad actors did not let up. In its 2024 State of Wire Fraud report, wire fraud protection firm CertifID found that nearly 25% of the 650 U.S. home buyers and sellers it survey were targeted with suspicious or potentially fraudulent activities, while 10% were targeted for real estate fraud and 5% suffered losses during their real estate transaction due to fraudster.

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Real Estate Agent Real Estate Sellers Buyers 459

The Appraiser Coach

FEBRUARY 6, 2024

In a Mastermind meeting with other (non-appraiser) business owners, I was reminded of how well so many principles that I share with you apply across different areas, whether it’s real estate or office work. There was a man by the name of Jack who was talking about how much he has to do. He’s constantly taking calls and responding to emails, without time to rest.

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Law Business Training Real Estate 195

Housing Wire

FEBRUARY 6, 2024

REX Real Estate is back again trying to get a new trial in its false advertising lawsuit against Zillow. On Monday, the now defunct discount brokerage filed an appeal with the U.S. Court of Appeals for the Ninth Circuit, asking the appeals court to reverse the lower court’s ruling on REX’s motion for a new trial. REX filed its motion for a new trial in November, roughly six weeks after its September trial concluded.

Advertising 448

Advertising Real Estate Brokerage Agents 448

Inman

FEBRUARY 6, 2024

The charges amount to the largest number of federal bribery charges ever filed on a single day, according to the Department of Justice.

Marketing 187

Marketing 187

Housing Wire

FEBRUARY 6, 2024

The U.S. Attorney for the Southern District of New York (SDNY) announced individual charges Tuesday in a sweeping case that involves kickbacks and bribes from the New York City Housing Authority (NYCHA), charging 70 current and former NYCHA employees with bribery and extortion. The investigation involved more than a year of collaboration between the office of SDNY attorney Damian Williams, the U.S.

Contracts 448

Contracts Law Development Business 448

Inman

FEBRUARY 6, 2024

NAR Chief Economist Lawrence Yun warned of "further declines in membership over the next 24 months" after NAR posted a 2.1 percent annual membership decline last month.

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Realtors Agents 183

Housing Wire

FEBRUARY 6, 2024

Rocket Homes Real Estate rolled out its new app on Apple Vision Pro, Apple ’s new virtual reality and mixed-reality headset. It will allow users to view and tour properties by blending their physical and virtual worlds, Rocket said. When homebuyers launch the Rocket Homes app in Apple Vision Pro, a home search page and map of nearby listings based on the user’s current location will fill their field of vision.

Real Estate 448

Real Estate Buyers Development Technology 448

Eyes on Housing

FEBRUARY 6, 2024

The latest CPS/HVS data shows that the overall homeownership rate was 65.7% in the last quarter of 2023. This was 3.5 percentage points lower from the peak of 69.4% in 2004. In this post, we focus on the homeownership rates by race and ethnicity over the past decade. According to data from the Census Bureau, homeownership in the U.S. varies.

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Housing Wire

FEBRUARY 6, 2024

Finance of America Companies (FOA), which had previously borrowed $60 million from longtime backer Blackstone Group , has increased its borrowed amount to $85 million and extended the end of its repayment term from November 2024 to May 2025. This is according to an 8-K filing made this week by FOA with the U.S. Securities and Exchange Commission (SEC).

Finance 447

Finance Business Mortgage Technology 447

Inman

FEBRUARY 6, 2024

Fathom Holdings (Fathom) has hired Constellation1 as its primary data partner with the intent of outsourcing its widespread use of industry data.

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Real Estate Technology 176

Housing Wire

FEBRUARY 6, 2024

Introducing the NEW HousingWire Mortgage Rates Center, a resource for housing professionals to access real-time mortgage rates data and the insights that fuel understanding and decision-making. HousingWire is dedicated to providing housing professionals with the full picture , and while there are many places to find rates information, the Mortgages Rates Center takes a nuanced approach – coupling data with context.

Mortgage 447

Mortgage Inventory Housing Market Marketing 447

Inman

FEBRUARY 6, 2024

In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor.

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Real Estate 173

Housing Wire

FEBRUARY 6, 2024

Real estate investment management firm Pretium Partners has raised nearly $1 billion for a new fund dedicated to acquiring built-to-rent (BTR) homes, Bloomberg reported on Tuesday. The company led by former Goldman Sachs partner Don Mullen also said in a statement that it has now invested a total of more than $2.5 billion in purpose-built rental homes.

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Investing Real Estate Investors Construction 435

Inman

FEBRUARY 6, 2024

Rent collection is essential for your portfolio's financial stability and profitability. Ryan Barone shares strategies to simplify it for you and your renters.

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Tenants Landlords Investing Agents 172

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 million, the Department of Justice (DOJ) and the State of North Carolina announced Monday. FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North C

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Advertising Lending Loan Officers Law 435

Inman

FEBRUARY 6, 2024

FNB's 2017 acquisition of Yadkin Bank for $1.8 billion expanded its footprint into North Carolina, where the DOJ alleges it avoided providing mortgages to majority-Black and Hispanic communities.

Mortgage 172

Mortgage Lending 172

Housing Wire

FEBRUARY 6, 2024

The list of defendants in the Masiello copycat commission lawsuit just got shorter. In a document filed on Monday, the counsel for the home seller plaintiff Joseph Masiello notified the federal court in Arizona that it was voluntarily dismissing defendant Walt Danley Local Luxury , an affiliate of Christie’s International Real Estate , from the suit.

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Realty Realtors Real Estate Brokerage 435

Inman

FEBRUARY 6, 2024

The 6,300-square-foot unit was purchased by Hong Kong-based private equity exec Terence Chan through a limited liability company, and initially asked more than $70 million. Tal Alexander of Official repped the buyer.

Buyers 164

Buyers 164

Housing Wire

FEBRUARY 6, 2024

Insellerate , a customer relationship management (CRM) provider that serves banks, credit unions and other lenders, has rehauled its user interface (UI) to make it more user-friendly and efficient. To redesign the interface, the company collected feedback from more than 250 loan officers, demonstrating the company’s commitment to enhancing user experience.

Loan Officers 431

Loan Officers Retail Lending Marketing 431

Inman

FEBRUARY 6, 2024

Two of the four plaintiffs who filed a lawsuit in November against Florida's foreign buyer ban have been awarded a temporary injunction that allows them to resume stalled transactions. The next step in toppling SB264 is an appeal hearing in April.

Buyers 162

Buyers Real Estate Marketing 162

BiggerPockets

FEBRUARY 6, 2024

Do NOT buy rental properties. There’s a MUCH better way to build wealth. And we mean that literally, “building” wealth is the best path.

Real Estate 92

Real Estate 92

Inman

FEBRUARY 6, 2024

In his latest Snapshot profile, Brandon Doyle talks to Heather "Sunshine" Haase about training, tech, authenticity and creating genuine connections.

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Training Real Estate Technology Agents 158

Mortgagebroker News

FEBRUARY 6, 2024

Homebuying activity ticked higher in January, reveals TRREB

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Inman

FEBRUARY 6, 2024

Although affordability is still the No. 1 factor in most homebuyers' moves, two surveys from Zillow and Redfin revealed politics and romance also play a role.

Marketing 141

Marketing 141

Birmingham Appraisal

FEBRUARY 6, 2024

Unlocking the Basics: Part 2 of Housing Statistics for Beginners In my last blog post, which was the first installment in this multi-part series, I discussed why it is important for agents to be aware of local housing statistics. We see national news stories that say this or that about the housing market, however, it may or may not reflect what is going on in our neck of the woods.

Inventory 82

Inventory Real Estate Sellers Buyers 82

GoForrmz

FEBRUARY 6, 2024

The GoFormz Board of Directors proudly announces their newest member The GoFormz team is thrilled to welcome Sydney Sloan, Chief Marketing Officer of Drata, to our Board of Directors! Sydney’s considerable background in document management and software marketing for top tech firms makes her a priceless addition to our team. Our excitement is echoed by Rob Brewster, GoFormz’s CEO, who shared, "Sydney's market experience and successful track record in the SaaS industry, especially during periods o

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Development Marketing Business 78

Mortgagebroker News

FEBRUARY 6, 2024

Banks suggest silver lining amidst concerns of rising mortgage payments

Mortgage 77

Mortgage 77