Housing Wire
OCTOBER 4, 2024
A stronger than expected September jobs report is not great news for the Federal Reserve or the housing industry, which was hoping for a swift decline in interest rates. Data from the U.S. Bureau of Labor Statistics released on Friday shows that 254,000 non-farm payroll jobs were added in September. This is higher than the average monthly gain of 203,000 jobs over the past 12 months.
Appraisal Buzz
OCTOBER 4, 2024
According to data provided by Epiq AACER , the 6,067 total Commercial Chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36% increase over the 4,561 filed during the same period in 2023. “As we close out the third quarter in 2024, we continue to see a steady increase in both individual and commercial filings this year to date.
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Housing Wire
OCTOBER 4, 2024
Homeowners 62 and older saw their collective home equity levels rise in the second quarter of 2024 by roughly $600 billion, increasing to a total of $14 trillion and continuing a streak of forward momentum observed in the first quarter. This is according to the Reverse Mortgage Market Index (RMMI), a measure of senior-held home equity maintained by the National Reverse Mortgage Lenders Association (NRMLA) in partnership with data analytics firm RiskSpan.
Appraisal Buzz
OCTOBER 4, 2024
It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. But what constitutes junk? Trash or discarded building materials? Sure. What about a boat, RV, or children’s toys? What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit?
Housing Wire
OCTOBER 4, 2024
Editor in Chief Sarah Wheeler sat down with Diane Yu, co-founder and CEO of TidalWave , to talk about the benefits of building an AI-first company in today’s business environment. Yu founded and sold ad tech platform FreeWheel to Comcast in 2014, and she served as chief technology officer at Better.com from 2021-2022. This interview has been edited for length and clarity.
Appraisal Buzz
OCTOBER 4, 2024
The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB) Aggregate Statistics series to include fresh quarterly data on the loan performance of residential mortgages until Q2 of 2024. Additionally, the Agency made available to customers a new interactive dashboard tool for data visualization that makes it easier to view loan performance information.
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Appraisal Buzz
OCTOBER 4, 2024
Mortgage lock volume increased 3.17% in September compared with August, driven mainly by a surge in refinance activity that resulted from the Fed’s rate cut, as shown by Mortgage Capital Trading’s (MCT) monthly report. August and September have seen a continued slowdown in purchase lock volume, as is typical following the summer buying season, MCT says in its report.
Housing Wire
OCTOBER 4, 2024
The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. The quarterly survey gathered responses from three groups: real estate brokerage leaders, real estate agents and appraisers, and mortgage professionals.
Real Estate News
OCTOBER 4, 2024
The sale-leaseback proptech mired in legal action celebrated a win that absolved the firm of wrongdoing and awarded it over $153,000 for past due rent and fees.
Housing Wire
OCTOBER 4, 2024
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Whether you’re looking to launch a new career or renew your NMLS license before the end of the year, we’re here to help. In this article, we’ll give you some background, show you how to get your NMLS license, introduce our favorite NMLS licensing and CE schools, and set you on the path toward licensure or a quick renewal.
Real Estate News
OCTOBER 4, 2024
While higher levels of employment is good news for real estate in the long term, rising rates may put a damper on home sales this fall.
Housing Wire
OCTOBER 4, 2024
This week on the “ Real Estate Insiders Unfiltered “ podcast, hosts James Dwiggins and Keith Robinson sit down with Sherry Chris , executive adviser at Anywhere Brands , and the former CEO of Better Homes and Gardens Real Estate. The episode dives deep into Chris’ background and includes key insights into leadership, innovation, the power of relationships and new perspectives on the future of real estate in the next three years.
Real Estate News
OCTOBER 4, 2024
In a fourth amended complaint, Top Agent Network has doubled down on its allegations that Clear Cooperation is anticompetitive and anti-consumer choice.
Inman
OCTOBER 4, 2024
Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling "contracts with oppressive terms.
Real Estate News
OCTOBER 4, 2024
“We need people who are more ambitious,” real estate leaders were told at this week’s T3 Tech Summit. And they need to be ready to go deeper with AI.
Inman
OCTOBER 4, 2024
MoxiWorks has added two new positions in its leadership ranks, naming Ben Tao as MoxiWorks' first chief marketing officer and Jackson Mayes as chief of staff.
Eyes on Housing
OCTOBER 4, 2024
The September jobs report indicates that the U.S. labor market remains strong. Job growth accelerated, and the unemployment rate fell to a three-month low of 4.1%. Meanwhile, job growth for the previous two months (July and August) was upwardly revised. In September, wage growth accelerated for the second straight month. Wages grew at a 4.0%.
Inman
OCTOBER 4, 2024
The inquiry is reminiscent of investigations and lawsuits that have engulfed the industry’s biggest players in the U.S. in recent years, and it includes a review of multiple policies that are similar to those under scrutiny in the U.S.
BiggerPockets
OCTOBER 4, 2024
You have finally decided to enter the short-term rental (STR) market, and your biggest concern is a call from the local fire department stating that your house is ablaze or […]
Inman
OCTOBER 4, 2024
With a soft landing seen as more likely, analysts say Fed policymakers can now afford to be more cautious about the pace of future rate cuts, and mortgage rates aren't likely to fall below 6 percent anytime soon.
Lamacchia Realty
OCTOBER 4, 2024
Kelly Dimbat Qualifies for the 2024 Lamacchia Realty President’s Club We are thrilled to announce that Kelly Dimbat has officially qualified for the 2024 Lamacchia Realty President’s Club! She has hit this accredited milestone by closing on 33 homes AND selling $16 million in sales volume so far this year. This year will be Kelly’s third time as a member of the President’s Club, as she has qualified previously in 2022 and 2021.
Inman
OCTOBER 4, 2024
Homes in Cotino will start at $1 million, with more lavish properties exceeding $2 million, reflecting premium features and signature Disney touches. Built by award-winning developers -- Shea Homes, Woodbridge Pacific Group and Davidson Communities -- these homes will cater to a wide range of buyers, including those 55 and older.
BiggerPockets
OCTOBER 4, 2024
For years, we’ve been told that lower mortgage rates could reignite homebuyer demand and help improve affordability so first-time homebuyers (or even rookie landlords) can finally buy their first property.
Inman
OCTOBER 4, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
BiggerPockets
OCTOBER 4, 2024
Floods, evictions, and bad property managers on ONE rental property?! These are the kinds of things that spook rookies out of real estate investing altogether.
Inman
OCTOBER 4, 2024
After navigating an identity crisis and multiple potential deals with production companies that fell through, Noah Kaplan and his team have finally wrapped editing seven new episodes and are releasing one episode per week on YouTube.
Mortgagebroker News
OCTOBER 4, 2024
Lower rates look good, but penalty fess could offset savings
Inman
OCTOBER 4, 2024
Real estate duo James and Justin Rhodes have taken their brokerage, Rhodes Realty, to Better Homes and Gardens Real Estate. Rhodes has 50 affiliates across seven offices in Louisiana.
Eppraisal
OCTOBER 4, 2024
The National Institute of Standards and Technology (NIST) reports frequent use of modern lock technology among non-tech users who possess little or no information about the latest security systems. If you also want to acquire some knowledge of modern lock systems, we suggest you contact a proficient locksmith company that provides 24-hour assistance, particularly in emergencies.
Inman
OCTOBER 4, 2024
International Longshoremen’s Association's strike ended on Friday, removing worries that an extended strike would negatively impact new-home starts and sales.
Mortgagebroker News
OCTOBER 4, 2024
Competition Bureau investigates rules that may be limiting competition in the housing market
Inman
OCTOBER 4, 2024
The votes are tallied, and you've chosen the Toyota 4Runner as the best agent auto. Find out what it has to offer and why it should be on your short list if you're shopping for a new car this fall.
Mortgagebroker News
OCTOBER 4, 2024
Cooler weather brings warmer results for home sales as buyers return to the market
Inman
OCTOBER 4, 2024
The Agency Panama's Victoria Levitam offers insight into the investment potential of Panama, a hidden gem offering exceptional opportunity and quality of life.
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