Housing Wire
MARCH 13, 2024
As recently as five years ago, homeowners insurance was certainly not top of mind for most homebuyers and their real estate agents , but the rapidly rising cost of insurance premiums is changing that. “Before, insurance was kind of an afterthought. It was just a box to check off,” said Paul Scalone, a San Diego-based Compass agent and the owner of Dignified Insurance Services.
Real Estate News
MARCH 13, 2024
A Coldwell Banker survey found a big increase in the number of sellers willing to move to another city or state as price considerations now outweigh location.
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Housing Wire
MARCH 13, 2024
A decline in interest rates buoyed mortgage demand for another week. Mortgage applications increased by 7.1% on a seasonally adjusted basis during the week ending March 8, according to the Mortgage Bankers Association ’s (MBA) weekly mortgage applications survey. It was the second increase in a row. “Mortgage rates dropped below 7% last week for most loan types because of incoming economic data showing a weaker service sector and a less robust job market, with an increase in the unemployment ra
Real Estate News
MARCH 13, 2024
Buyers can see heat, wind and air quality ratings in addition to the existing flood and wildfire ratings, which can “help reduce surprise costs.
Housing Wire
MARCH 13, 2024
United Wholesale Mortgage (UWM) will begin to cover the upfront cost of hard credit report pulls for its broker partners as it aims to expand market share. The new initiative will ease the impact of out-of-pocket expenses for mortgage brokers after the costs for credit reports increased this year, the company said in making the announcement on Wednesday.
Real Estate News
MARCH 13, 2024
In a new compensation report, eXp said it paid agents and brokers nearly $198 million in revenue share and $34.7 million in EXPI shares.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
George Dell
MARCH 13, 2024
Transaction costs are added to every property transaction. Is this add-on a fair addition to the fundamental, intrinsic value a buyer gets? Is it part of the value of the home? Or is it something else? Is this a public policy issue? Is it an appraisal issue? And, is it yet one more question about […] The post Creepy Transaction Creep? appeared first on George Dell, SRA, MAI, ASA, CRE.
Housing Wire
MARCH 13, 2024
Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Realtor.com is leveraging data from First Street , a climate technology company, and will offer three new risk factor scores — heat, wind and air — to complement existing fire and flood assessments.
Inman
MARCH 13, 2024
Brittany started out as an assistant at The Agency when it first opened its doors in 2011 and is now one of the firm's most rock-solid agents. She said her family's connections and her own work ethic have helped shape her career.
Housing Wire
MARCH 13, 2024
Luxury Realty Group , a subsidiary of Luxury Realty Group Holdings , launched the beta testing for its conversational AI services website vuHome.ai, the company announced on Tuesday. The product will be available across its brokerage operations in Las Vegas. Luxury Realty Group’s clients will be able to interact orally with an avatar, listing the criteria of their home of choice, with the platform subsequently generating tailored listings to match these preferences.
Inman
MARCH 13, 2024
The sheriff has been ordered to arrest a landlord twice named worst in New York City and bring him to Rikers Island for up to 60 days over hundreds of building violations.
Housing Wire
MARCH 13, 2024
Boston-based U.S. District Court Judge Patti B. Saris will allow the Nosalek commission lawsuit plaintiffs and MLS Property Information Network (MLS PIN) defendants to file a response to the Department of Justice’s statement of interest. In late February, MLS PIN and the plaintiffs filed a joint motion asking Saris for permission to file separate responses to the DOJ’s mid-February filing.
Inman
MARCH 13, 2024
The climate’s toddler-like, harder-than-ever-to-predict behavior is having a measurable impact on the housing market, a reality that led to Realtor.com partnering with First Street, a non-profit organization that provides data and critical resources on climate change.
Housing Wire
MARCH 13, 2024
Good news: The national economy is growing, unemployment is low and corporate revenues are up. For housing and mortgage professionals, however, these apparent boons spell trouble. They signal that economy is still running hot — or at least more than lukewarm — and that inflation may still need more cold water from the Federal Reserve to slow down. The cold water comes in the form of the Fed continuing its presently high federal funds rate, which indirectly produces higher mortgage rates.
Inman
MARCH 13, 2024
The high-profile luxury agent has worked with Douglas Elliman since 2021 and served as a longtime agent with Rodeo Realty before that. He will now align with Compass’s Beverly Hills office.
Housing Wire
MARCH 13, 2024
Proptech startup Divvy is starting 2024 with a new product launch. Known for its rent-to-buy product — which provides homebuyers with an all-cash offer and allows them to rent a property until they are ready to buy — the company is launching a homeownership readiness program, DivvyUp , according to an announcement on Wednesday. “We spent a lot of time talking to our current customer base and trying to figure out exactly what they needed, and what they wanted to feel more supported from Divvy,” C
Inman
MARCH 13, 2024
New Inman contributor Anita Legacy Blue, president of the 2024 LGBTQ+ Real Estate Alliance, writes that despite a move away from corporate DEI, real estate can't afford to move backward.
Housing Wire
MARCH 13, 2024
The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has approved a request to transfer the company’s bankruptcy status to Chapter 7 from its current Chapter 11 status. This is according to court documents reviewed by RMD.
Inman
MARCH 13, 2024
A lack of focus, prioritization and patience can undermine your best ideas and keep them from coming to fruition, writes marketing expert Molly McKinley.
Housing Wire
MARCH 13, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Artificial intelligence (AI) tools equip real estate agents with unprecedented capabilities. While ChatGPT has become a go-to tool for many of us, predictive analytics tools offer a more efficient, data-driven approach to generating new client leads.
Inman
MARCH 13, 2024
Purchase loan applications surged for the second week in a row last week, but now rates are headed back up as worrisome inflation data casts doubts on timing of Fed rate cuts.
Housing Wire
MARCH 13, 2024
Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side, but it still sustained a loss. After its acquisition last year of Cherry Creek Mortgage , Guild increased its involvement in the reverse mortgage industry due to Cherry Creek’s well-developed reverse lending apparatus.
Inman
MARCH 13, 2024
DivvyUp is a mobile-first software solution for helping aspiring homebuyers understand what goes into saving for a down payment.
Eyes on Housing
MARCH 13, 2024
As examined in a previous post, homeownership plays an integral role in a household’s accumulation of wealth. This article further discusses the role of homeownership and examines the difference between homeowner and renter household balance sheets across assets, debt, and net worth. Households who own a primary residence (homeowners) build primary residence equity, while renters.
Inman
MARCH 13, 2024
Real estate agents are optimistic their client pipelines will improve from last year's lows — but it may take longer than hoped, according to shifting sentiments in the latest Inman Intel Index.
BiggerPockets
MARCH 13, 2024
U.S. News released its annual list of the hottest real estate markets for the year. Here's a look at what's included and our take on the rankings.
Inman
MARCH 13, 2024
The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss.
BiggerPockets
MARCH 13, 2024
Welcome to the “redemption year” for real estate investing. We talk a lot on this show about the real estate deals being done all across the country.
Inman
MARCH 13, 2024
A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot.
BiggerPockets
MARCH 13, 2024
The cost of living has been rising steadily over the last several decades, especially with inflationary pressures over the past couple of years. At this rate, is it easier to invest in U.S. real estate from overseas? The answer might surprise you.
Inman
MARCH 13, 2024
Members of multiple listing service Midwest Real Estate Data (MRED) will have enhanced, collaborative functionality with clients and listings in the mobile environment because of a partnership with business app Zenlist.
BiggerPockets
MARCH 13, 2024
Warren Buffett's annual letter to investors has painted an interesting picture of the housing market: Utilities are down, but insurance is up. What does that mean for the market at large?
Mortgagebroker News
MARCH 13, 2024
Canadians continue to feel financial strain
BiggerPockets
MARCH 13, 2024
As inflation continues to eat away at buying power, have the standards for optimal savings changed? And how much do you need to save for emergencies?
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