Housing Wire
APRIL 16, 2024
Today, Federal Reserve Chairman Jerome Powell made statements at the Washington Forum that indicate there will be no rate cuts anytime soon because the economy and the labor market are too strong with sticky inflation. This is a change from previous statements where the Fed talked about the rate cuts it expected to make this year — although that timeframe has changed several times.
Appraisal Buzz
APRIL 16, 2024
Applications for mortgages for new home purchases increased 1% in March compared with February and were up 6.2% compared with March 2023, according to the Mortgage Bankers Association (MBA). “March is typically a month when new home purchases see a seasonal boost, but this year March applications for new home purchases saw less than a one percent increase over the prior month on an unadjusted basis,” says Joel Kan, vice president and deputy chief economist for the MBA, in a statement.
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Housing Wire
APRIL 16, 2024
When they say housing leads the U.S. economy into and out of a recession, they’re correct, as housing starts fall into a recession and rise when we are recovering. Economic cycles follow a familiar pattern, however, each one is unique in its way. In 2022, many recessionary red flags popped up. However, after Nov. 9, 2022 , a critical recessionary data line changed as mortgage rates fell, new home sales grew, builders bought down rates and the cycle moved on.
Sacramento Appraisal Blog
APRIL 16, 2024
Everyone is entitled to an opinion, but I find some people sounding off about housing seem disconnected from the actual market. I want to talk about that below and share some trends. Skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 Empire Home […] The post Strong opinions about the housing market first appeared on Sacramento Appraisal Blog.
Housing Wire
APRIL 16, 2024
In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. But it’s a tough road to hoe. (AI image generated by MidJourney.) As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground.
Real Estate News
APRIL 16, 2024
During a livestream presentation, Bright MLS’s chief economist highlighted some of the most misunderstood topics or mistaken beliefs about real estate.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
APRIL 16, 2024
PulteGroup, which potentially has thousands of claims as a seller, raised concerns about “needless and time-consuming” paperwork and lack of transparency.
Housing Wire
APRIL 16, 2024
Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That’s what drove a listener of the podcast “The Indicator from Planet Money,” a production of National Public Radio (NPR), to ask hosts Wailin Wong and Darian Woods about the product during a recent episode.
Real Estate News
APRIL 16, 2024
The federal finance giants clarified their policies, confirming that buyer agent compensation won't be applied to concession limits.
Housing Wire
APRIL 16, 2024
Bellevue, Washington-based real estate investment firm Legacy Group Capital announced this week that it has acquired fintech company Rook Capital , a provider of home equity investment (HEI) products through its “Shared Value Investment” brand. Legacy is privately owned and terms of the deal were not disclosed. “As [HEIs] evolve and grow into a foundational component of the real estate market, the need to empower builders with a homebuyer-focused HEI is paramount,” Legacy said in its announcemen
Real Estate News
APRIL 16, 2024
A new survey from Real Brokerage offers insight into agent sentiment and how they really feel about the industry changes set to go into effect this summer.
Housing Wire
APRIL 16, 2024
Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth. Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. Applications were up 6.2% from March 2023, according to the Mortgage Bankers Association ’s (MBA) Builder Application Survey. According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 615,000 units in March, the slowest annualized pace in four months, and
Appraisal Buzz
APRIL 16, 2024
Aaron Belovsky has joined subservicer Dovenmuehle Mortgage as chief data officer (CDO). Belovsky has more than two decades of software engineering experience. Most recently, he served as engineering manager at Pixelberry Studios, where he contributed to the company’s go-to-market strategy and coached the organization on agile methodology. In addition, Belovsky has held software engineering and leadership roles across verticals in healthcare, software consulting, hospitality and government sector
Housing Wire
APRIL 16, 2024
Mortgage rates posted a big jump last week after Wednesday’s release of a higher-than-expected inflation report. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.24% on Tuesday, up from 7.16% one week earlier. That’s roughly 40 basis points above the rate at the start of the year. At the same time one year ago, the 30-year fixed rate averaged 6.42%.
Inman
APRIL 16, 2024
Tech firms such as Meta, Amazon, Salesforce and Google are offloading office space and letting leases expire.
Housing Wire
APRIL 16, 2024
Bank of America (BofA) reported another quarterly decline in mortgage and home equity production in the first quarter of 2024. On Tuesday morning, the top-20 U.S. mortgage lender stated it produced a volume of $3.4 billion in first mortgages from January to March, down 12.5% from the $3.9 billion in the previous quarter and the same quarter of 2023.
Inman
APRIL 16, 2024
Just in time for spring homebuying, portal powerhouse Zillow has released a new ad campaign aimed at celebrating the persistence of millennial and Gen-Z homebuyers amid market headwinds. The ad series, "Home Just Got Real," includes two 30-second and one 15-second videos that highlight the reasons people buy — a place for their child to grow up or a home big enough for their furry friends — and the lengths they go to achieve their dreams.
Housing Wire
APRIL 16, 2024
The judge overseeing the Sitzer/Burnett commission lawsuit will not issue a final ruling on the HomeServices of America defendants just quite yet. In a filing on Monday, Judge Stephen Bough denied the plaintiffs’ motion for entry of judgement without prejudice, meaning that the plaintiffs could file another motion for entry of judgement in the future.
Eyes on Housing
APRIL 16, 2024
An earlier post based on the report The Building Sustainably: Green & Resilient Single- Family Homes 2024 SmartMarket Brief focused on the prevalence of green home building. This post will examine commonly used practices in green building. This is the second part of a four-part series that will be published about the report. Top Green.
Housing Wire
APRIL 16, 2024
Defendants in the behemoth Batton homebuyer commission lawsuit filed a ream of motions on Monday seeking to have the class-action allegations struck down and dismissed. The Batton suit consists of two separate lawsuits filed by the same homebuyer plaintiffs, alleging that the National Association of Realtors (NAR) and several of the nation’s largest corporate real estate firms conspired to adopt and enforce anti-competitive rules applicable to the vast majority of real estate brokers, resulting
Inman
APRIL 16, 2024
Embrace reflection as a tool for your growth, coaches Emily Bossert and Melanie Klein write. From clarifying your purpose, to redefining your goals and cultivating adaptability, this practice will allow you to control the ebbs and flows of your business more smoothly.
Housing Wire
APRIL 16, 2024
Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted on the wholesale side of the business, according to RMI.
Inman
APRIL 16, 2024
Two major real estate market transformations defined the past 50 years, writes CEO Patrick Kilner. Are we ready for whatever comes next?
Eyes on Housing
APRIL 16, 2024
Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions. Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a.
Inman
APRIL 16, 2024
Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they'll be aligning their sales with a late-year rate drop.
GoForrmz
APRIL 16, 2024
Originally published on 04/23/2019 Streamline manufacturing procedures with digital and online forms Digital and online forms drastically simplify manufacturing inspections, procedures, and oversight. This is achieved through robust digital capabilities that are unattainable via manual, paper-based processes. One of the most versatile tools is the GoFormz online form builder , which can create customizable digital forms, such as the digital manufacturing checklist.
Inman
APRIL 16, 2024
Phoenix-based MEB Management Services and St. Petersburg, Florida-based Weller Management announced their merger on Monday.
Appraiserblogs
APRIL 16, 2024
The $29 fee also happens to nearly match the average hourly base salary of $29 for UWM underwriters. United Wholesale Mortgage (UWM) began an aggressive campaign in September 2021 to recruit appraisers for their new Appraisal Direct system, which aimed to cut out appraisal management companies as middlemen. Through repeated emails, they urged appraisers – both current and former, alive or deceased – to partner directly with UWM through ANOW.
Inman
APRIL 16, 2024
Find out how top producer Juan Carlos Barreneche leveraged great advice to build out a team and create his own training community.
Mortgagebroker News
APRIL 16, 2024
Find out what happened on the opening day…
Houston Properties
APRIL 16, 2024
Afton Oaks Houston Neighborhood Maps: Two new Afton Oaks Maps. Afton Oaks map, direction, neighborhood and real estate guide. Afton Oaks Houston homes.
Mortgagebroker News
APRIL 16, 2024
Allegations include receiving improper payments, using fake titles
Will Springer Realtor
APRIL 16, 2024
It’s important to set goals in various aspects of life, from personal relationships to career aspirations. Yet, how often do we consider setting goals to reduce our carbon footprint? Making the switch to energy-efficient appliances, transitioning to electric or hybrid vehicles and embracing renewable energy sources are all steps towards cutting greenhouse gas emissions and fostering a more sustainable lifestyle.
Mortgagebroker News
APRIL 16, 2024
But home construction doesn't tell the whole story
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