Housing Wire
FEBRUARY 14, 2024
Real estate investors purchased 26.1% of the lowest-priced homes for sale in the U.S. in the fourth quarter of last year, according to a report by Redfin. It was the highest share ever recorded and was up from 24% in Q4 2022. By comparison, investors purchased 13.6% of the mid-priced homes (compared to 14.3% a year earlier) and 15.9% of the high-priced homes (compared to 15.4% a year earlier).
Sacramento Appraisal Blog
FEBRUARY 14, 2024
Pulling comps in 2024 is tough. Think about it this way. If we have 40% fewer sales happening, that means there are 40% fewer comps. Yikes. Let’s talk about this. I also have some market recap visuals to unpack what’s been happening in 2024 so far. UPCOMING SPEAKING GIGS: 2/19/24 Matt the Mortgage Guy YouTube […] The post The challenge of pulling comps in 2024 first appeared on Sacramento Appraisal Blog.
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Housing Wire
FEBRUARY 14, 2024
The rapid collapse of four regional banks that began last March shocked regulators and investors alike. The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. When interest rates shot up, their customers needed cash at the same time that the banks’ assets became less valuable.
Real Estate News
FEBRUARY 14, 2024
CEO Rich Barton was bullish despite the challenging housing market, predicting double-digit revenue growth this year during a Feb. 13 earnings call.
Housing Wire
FEBRUARY 14, 2024
If you’re going to take the time to brand yourself, take steps to protect that brand. While you might not need it in the short term, it can pay dividends down the road. I am a big believer in developing a brand for your real estate business from Day One. I’m talking about more than naming yourself John Doe Realty and ripping a logo off of Canva. To me, branding a company is a chance to define yourself for the market and build a recognizable and memorable identity.
Real Estate News
FEBRUARY 14, 2024
Supply hasn’t kept pace with population growth, driving up prices for starter homes — and pushing first-time buyers out of the market.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Inman
FEBRUARY 14, 2024
Lenders won't be required to use the more inclusive FICO Score 10T and VantageScore 4.0 scoring models before next year, but several are already using them to expand the pool of borrowers.
Housing Wire
FEBRUARY 14, 2024
Guild Mortgage ’s acquisition of Academy Mortgage Corp. is expected to expand the retail lender’s presence in Western states and also bring in expertise with builder products, Guild CEO Terry Schmidt said in an exclusive interview with HousingWire. With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers.
George Dell
FEBRUARY 14, 2024
“Market” – A word poorly understood, and often misused. A gathering or place for buying and selling things. It can be physical, or virtual, and involves at least one third party for competition. Perfect competition is when you have many buyers and sellers. A real property market is seldom or never perfect. A “market” for […] The post What is The Market?
Housing Wire
FEBRUARY 14, 2024
Kayla Lee of SERHANT. successfully closed on the sale of this luxury, 4,700-square-foot property on Park Avenue on the Upper East SIde of Manhattan for $13 million. Working in real estate sales for a few years, and now you want to challenge yourself and raise the stakes? You might be ready to take on the luxury real estate market! I’ll show you what it takes to succeed as a luxury real estate agent in any market.
Inman
FEBRUARY 14, 2024
Atlas Data Privacy Corp. alleges the companies disclosed home addresses and unpublished home phone numbers for judges, police officers, prosecutors and their families.
Housing Wire
FEBRUARY 14, 2024
The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow ’s January market report. Meanwhile, other homes are lingering on the market for months and driving up the typical age of listings on Zillow to 72 days.
Inman
FEBRUARY 14, 2024
Three mansions worth $12 million to $16 million in California are at risk of falling into the ocean after a post-storm landslide eroded cliffs in Dana Point. The story has sparked conversations about climate change and rising home insurance costs in the state.
Housing Wire
FEBRUARY 14, 2024
Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Buy before you sell (BBYS) products may be the answer. Jeremy Foster, founder and chairman of Calque offers an explanation of this process and how it differs from the traditional homebuying process.
Inman
FEBRUARY 14, 2024
Beverly Hills Estates, led by Branden and Rayni Williams, is fighting for buyer agent Michelle Graci's right to an agreed-upon 50 percent of the deal's broker commission after seller Ronen Nahum alleged misconduct.
Housing Wire
FEBRUARY 14, 2024
Government-sponsored enterprise (GSE) Freddie Mac reported a 65% annualized increase in income stemming from its single-family mortgage programs in fourth-quarter 2023, along with a 13% increase in net income for the full year, according to quarterly and annual earnings reports released on Wednesday. The full-year profit for 2023 reached $10.5 billion, the report stated.
Inman
FEBRUARY 14, 2024
Although 26 percent of low-cost homes were purchased by investors during the last three months of 2023, the share of homes bought by investors fell.
Housing Wire
FEBRUARY 14, 2024
The Community Home Lenders of America (CHLA) wants the three major credit bureaus — Equifax , Experian and TransUnion — to restore the pricing discounts that had been in place for soft credit pulls. At the end of 2023, each of the credit bureaus announced that they were ending pricing discounts for soft credit pulls. Lenders were advised that a soft credit pull will effectively be priced the same as a hard credit pull based on the equalization of pricing in 2024.
Inman
FEBRUARY 14, 2024
Investors in these lower-income "opportunity zones" receive tax incentives for improvements. And 2 in 5 of these neighborhoods saw a disproportionately large rise in home prices in late 2024.
Housing Wire
FEBRUARY 14, 2024
Mortgage demand was weaker last week as interest rates moved higher across the board. Mortgage applications decreased by 2.3% on a seasonally adjusted basis during the week ending Feb. 9, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. “Purchase applications remained subdued as elevated rates continue to add to affordability challenges along with still-low existing housing inventory,” Joel Kan, MBA’s vice president and deputy chief economist, said in a
Eyes on Housing
FEBRUARY 14, 2024
Over 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 909,227. On a year-over-year (YoY) basis, this is 6.5% below the December 2022 level of 972,180. Year-to-date ending in December, single-family permits declined in all four regions. The range of permit decline spanned 5.0% in the South to 9.7% in the West.
Housing Wire
FEBRUARY 14, 2024
As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. Recently, the president of the industry’s leading lender discussed her eagerness to go back on “offense” this year, while loan originators across the country also shared that business seems to be off to a strong start in the early days of the year.
Inman
FEBRUARY 14, 2024
Cultivating efforts that improve Black homeownership rates, broker-owner Jemila Winsey writes, requires Black real estate professionals to take on leadership positions.
Housing Wire
FEBRUARY 14, 2024
Are you interested in pursuing or advancing a real estate career? If you’re new to real estate, you must complete a state-approved course and pass your state’s licensing exam. The number of required class hours varies according to state law. Aceable Agent is an online real estate school that offers self-paced real estate courses designed for mobile app and web.
Inman
FEBRUARY 14, 2024
It's time for brokerages and teams to rethink how they support their agents, consultant Chris Pollinger writes, ensuring they are equipped to succeed in today's competitive landscape.
Housing Wire
FEBRUARY 14, 2024
Pueblo County, Colorado, which encompasses an estimated population of about 170,000 people in and around the city of Pueblo, is sounding the alarm over potential fraud by creating a new alert system designed specifically to protect property owners. The announcement was made by the Pueblo County Clerk and Recorder’s Office and reported on by the Pueblo Chieftain newspaper and a local NBC News affiliate.
Inman
FEBRUARY 14, 2024
Rogers, a 17-year industry veteran, has left Compass after about five years. In 2012, Rogers co-represented the buyer of one of New York City's priciest-ever co-op purchases, a $50 million Fifth Avenue unit.
Housing Wire
FEBRUARY 14, 2024
Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report , analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates three or four times this year. According to those analysts, lenders may have sold their mortgage servicing rights (MSRs) throughout 2023 to increase short-term liquidity, putting them at a disadvanta
Inman
FEBRUARY 14, 2024
Lender survey shows applications from homebuyers is down 12 percent from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data.
The Appraiser Coach
FEBRUARY 14, 2024
The short answer is, Yes. Check out this minisode to find out why and what is next for The Appraiser Coach. Check out this episode!
Inman
FEBRUARY 14, 2024
Second-home solution Pacaso studied 10 of the most active counties in the country for co-ownership and found the trend grew by 21 percent in 2023. The pace of co-owned closings correlates with a rise in Housing Price Index (HPI) in those counties.
BiggerPockets
FEBRUARY 14, 2024
This credit card already rewards renters for paying rent, but there's also a down payment and mortgage program on the way, leading investors to think that this could become a huge deal for their businesses.
Inman
FEBRUARY 14, 2024
History has repeatedly shown us that ideal market conditions make April the prime time for selling a home, characterized by above-average prices, strong buyer demand, quick sales, and less competition.
BiggerPockets
FEBRUARY 14, 2024
A good investment strategy starts with clarifying your goals. For most investors, that means financial freedom, but a big part of getting there comes from passive income. These are the fundamentals for earning it.
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