Housing Wire
OCTOBER 4, 2024
Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. However, it works both ways. Recently, I’ve written that mortgage rates may have bottomed for 2024 because they got toward the low-end range of my 2024 forecast , and unless the labor market gets much weaker, this is it.
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
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
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?
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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.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
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
In a fourth amended complaint, Top Agent Network has doubled down on its allegations that Clear Cooperation is anticompetitive and anti-consumer choice.
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.
Speaker: Dylan Secrest
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Housing Wire
OCTOBER 4, 2024
After a slow start to the year, the housing market picked up the pace during the second quarter. For the title insurance industry, this meant an uptick in title insurance premium volume, which came in at $4.09 billion for the quarter, according to the American Land Title Association (ALTA)’s Market Share Analysis that was published Thursday. Second-quarter volume was up from $3.35 billion in Q1 2024 and $3.92 billion in Q1 2023.
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
Shareholders at eXp World Holdings , the parent company of eXp Realty , are unhappy about the recent spate of lawsuits and media coverage the firm has received regarding allegations of sexual assault and harassment. On Wednesday, the Los Angeles City Employees’ Retirement System (LACERS) and the Building Trades Pension Fund of Western Pennsylvania sued Glenn Sanford , Jason Gesing and five other board members for eXp World Holdings, accusing them of mishandling the sexual assault allegations tha
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.
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Housing Wire
OCTOBER 4, 2024
Kevin Peranio, left, of Paramount Residential Mortgage Group, and Candice McNaught of Supreme Lending lead a panel discussion during the HousingWire IMB Summit in Dallas on Oct. 1. (Photo courtesy of Willie & Kim Photography) As mortgage rates edge closer to the 6% mark, optimism has spread across the industry. Lenders are beginning to gear up for what is expected to be a “ mini refi boom. ” But this wave will differ significantly from previous ones.
Appraisal Buzz
OCTOBER 4, 2024
Amber Lawrence has been promoted to vice president of diversity, equity, and inclusion (DEI) at the Mortgage Bankers Association (MBA). Lawrence was most recently association vice president of DEI, where she worked across industries and sectors to collaborate with cross-functional teams and implement data-driven DEI strategies. She has previously served in various ascending roles since joining MBA in 2006, including as a core member of MBA Education’s leadership team, where she managed the full
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 U.S. economy added 254,000 jobs in September – far better than was forecast – and the unemployment rate remained flat at 4.1% compared with August, according to the Bureau of Labor Statistics. Employment continued to trend up in food services and drinking places, health care, government, social assistance, and construction. The number of unemployed people stood at 6.8 million – up from 6.3 million in September 2023, when employment was at 3.8%.
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.
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.
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.
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
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
In 2023, 66% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. This was the most common parking option across all Census divisions. By Census division, South Atlantic had the highest share of two-car garages at 72%. Three or more car garages were most popular in.
Inman
OCTOBER 4, 2024
While you've learned rules, regulations, terms and tech, what you need most is to learn to connect and network with colleagues and clients. Claudia Stallings shares new agent mistakes to avoid.
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
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
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
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
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.
Mortgagebroker News
OCTOBER 4, 2024
Lower rates look good, but penalty fess could offset savings
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