Appraisal Buzz

SEPTEMBER 20, 2024

The U.S. housing market is experiencing significant variability, with some cities seeing homes fly off the market while others are witnessing prolonged delays. As of July 2024, the average home spends 35 days on the market, but this figure varies widely depending on the location. Using Redfin data on over 47,000 homes sold in the 100 largest U.S. cities, Joybird examined where homes are selling the fastest—and the slowest.

Housing Market 391

Housing Market Marketing Inventory Buyers 391

Housing Wire

SEPTEMBER 20, 2024

The Homebuyers Privacy Protection Act of 2024, a U.S. Senate bill introduced this past December that targets mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act (NDAA). This is a bill that Congress must pass each year, since it refers to laws that specify the annual budget for the U.S. Department of Defense (DOD).

Law 375

Law Loan Officers Design Mortgage 375

Appraisal Buzz

SEPTEMBER 20, 2024

This year’s Five Star Conference and Expo , set for Tuesday-Thursday, September 24-26 at the Omni Hotel in Dallas, will continue its tradition of recognizing and honoring the extraordinary accomplishments of our industry’s women executives. Each year, industry colleagues nominate their peers across five categories, and those nominees are then narrowed down further.

Training 221

Training Development Clients Renovations 221

Housing Wire

SEPTEMBER 20, 2024

In a new episode of the HousingWire Daily podcast , Editor in Chief and host Sarah Wheeler sits down with eXp Realty CEO Leo Pareja to discuss the National Association of Realtors ‘ (NAR) commission lawsuit, the new rules that agents are facing, and how eXp is helping agents navigate these challenges to thrive in the marketplace. Pareja took over as CEO at eXp in April 2024 and became the first Hispanic CEO of a major real estate brokerage in U.S. history.

Agents 366

Agents Brokerage Real Estate Tenants 366

Real Estate News

SEPTEMBER 20, 2024

A new guide explains the types of compensation allowed (not an “open-ended amount or a range”), how buyers can ask sellers to pay and when it’s OK to walk away.

Buyers 262

Buyers Agents Sellers 262

Housing Wire

SEPTEMBER 20, 2024

The National Reverse Mortgage Lenders Association (NRMLA), the reverse mortgage industry’s leading trade association, is preparing to host its 2024 Annual Meeting and Expo on Sept. 24-26 in San Diego. The event is typically the largest, most expansive meeting for a wide variety of reverse mortgage professionals. It also typically features federal housing officials to offer updates on the Home Equity Conversion Mortgage ( HECM ) program.

Mortgage 353

Mortgage Logistics Loan Officers Appraisal Process 353

Housing Wire

SEPTEMBER 20, 2024

A top luxury agent in New York City has left Official Partners. Compass announced the hiring of Jared Schwadron this week, poaching him from the troubled brokerage founded by Tal and Oren Alexander. Schwadron has more than $1 billion in sales over a 15-year career that includes stops in New York City, Miami and the Hamptons. In addition to Official Partners, he’s previously worked with Douglas Elliman and The Corcoran Group. “This move is about taking my resources and tenure in the industr

Client Relationships 352

Client Relationships Brokerage Agents Technology 352

Appraisal Buzz

SEPTEMBER 20, 2024

Despite seasonally driven demand, rents across the U.S. dipped by $5 (or -0.3%) year-over-year and nationwide to a median rent of $1,753, according to the Realtor.com August Rental Report released today. Although affordability improved as a top-level trend, affordability varies widely by metro area and did not improve everywhere. This month’s report looked at the rent burden across the U.S. and found the most affordable rental markets include Oklahoma City, Okla., Columbus, Ohio and Austin, T

Mortgage 195

Mortgage HOA Marketing Appraisal 195

Housing Wire

SEPTEMBER 20, 2024

The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 20 24 Tech Trendsetters award are open now through Monday, Sept. 30. Click here to nominate someone. If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience.

Lending 327

Lending Mortgage Technology Tools 327

Appraisal Buzz

SEPTEMBER 20, 2024

August 2024 marks the 13th month of year-over-year rent decline in a row for 0-2 bedroom properties observed since trend data began in 2020. Asking rents dipped by $5, or -0.3%, year over year. The median asking rent in the 50 largest metros registered at $1,753, down by $2 from last month and $7 lower than its August 2022 peak. Median rent declined in all size categories with larger declines in smaller-sized units: Studio: $1,455, down $20 (-1.4%) year over year; 1-bed: $1,632, down $11 (-0.7%)

Marketing 195

Marketing Development Appraisal 195

Housing Wire

SEPTEMBER 20, 2024

The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days? Mortgage experts say that while the 50 basis-point (bps) cut is a welcome sign, it won’t do much on its own to move the needle for a housing market that remains stuck in neutr

Mortgage 319

Mortgage Real Estate Agent Buyers Marketing 319

Appraisal Buzz

SEPTEMBER 20, 2024

Xactus , a provider of verification solutions to the mortgage industry, reports that it has been named the exclusive credit reporting, verification and flood provider for ACUMA Services, a program designed to provide ACUMA trusted credit unions and CUSO members with discounted products and services. Xactus is the only verification provider, and one of six best-in-class providers selected for the launch of ACUMA Services.

Valuation 195

Valuation Design Mortgage Appraisal 195

Housing Wire

SEPTEMBER 20, 2024

Federal Housing Administration (FHA) Commissioner Julia Gordon thinks that more U.S. Department of Housing and Urban Development (HUD)-approved housing counselors should be trained to work with Home Equity Conversion Mortgage ( HECM ) borrowers, according to perspectives she shared this week during an online housing conference hosted by HUD. The news, first reported by Inside Mortgage Finance , stems from an expectation that HECM borrowers could seek to extract more equity out of their homes now

Training 311

Training Mortgage Business Finance 311

Appraisal Buzz

SEPTEMBER 20, 2024

U.S. home prices increased a mere 0.1% in August compared with July and were up 4.5% compared with August 2023, according to First American’s home price index report. And while that signals a slowdown from previous months, Mark Fleming, chief economist for First American, notes that it represents a return to historical norms. “Annual house price appreciation nationally slowed for the eighth consecutive month, inching closer to the pre-pandemic historical average of approximately 3.5 percent,” Fl

Buyers 195

Buyers Inventory Sellers Mortgage 195

Housing Wire

SEPTEMBER 20, 2024

California is the latest state to take a stand against the right-to-list agreement business plan of now bankrupt brokerage MV Realty. On Tuesday, the office of California Attorney General Rob Bonta announced that it was granted a preliminary injunction against Florida-based MV Realty after filing a lawsuit in December 2023. The AG’s office took issue with MV Realty’s Homeowner Benefit Agreement.

Realty 293

Realty Real Estate Agent Real Estate Legal 293

Real Estate News

SEPTEMBER 20, 2024

Place/Livian deal ‘a significant step’; Lone Wolf and Seeking Agents respond to lawsuit-driven industry changes; Stellar adds access to MLS Match referral tool.

Agents 203

Agents Buyers Tools 203

Inman

SEPTEMBER 20, 2024

The Department of Housing and Urban Development has partnered with Zillow for "Let's Make Home the Goal," a campaign aimed at connecting minority communities with HUD pre-housing counseling services.

Development 158

Development 158

Real Estate News

SEPTEMBER 20, 2024

Former NextHome co-founder joins Realtor.com; North Carolina’s Canopy Realtor Association promotes VP to general counsel and COO; Virginia Realtors CEO retires.

Realtors 170

Realtors 170

Inman

SEPTEMBER 20, 2024

In challenging the National Association of Realtors' Clear Cooperation Policy, Robert Reffkin writes, Realtors are upholding their highest moral, ethical and legal duties to serve clients.

Law 147

Law Realtors Legal Clients 147

Eyes on Housing

SEPTEMBER 20, 2024

Housing affordability continues to worsen due to a persistent supply shortage and higher interest rates. While the rising building material costs and higher rates on construction loans are often blamed for the lack of housing supply, government regulations also play a significant role in increasing costs. For instance, rent control policies are introduced with the.

Construction 85

Construction Government 85

Inman

SEPTEMBER 20, 2024

In this exclusive video series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers you should know. This week: The Fed's latest rate cut.

Agents 140

Agents Marketing 140

Appraisal Today

SEPTEMBER 20, 2024

AI and Appraisal Success, Cindy Chance Terminated (Appraisal Institute CEO) September 20, 2024 What’s in This Newsletter (In Order, Scroll Down) Using Trainees, the Safe Way Appraised Value Vs. Sale Price Converted $500K Minnesota Bank With Historic Vaults and Bulletproof Glass How AI Tech is Reshaping Appraisal Success From Panic to Profit: One Appraiser’s Story of Survival and Growth Cindy Chance Terminated (Appraisal Institute CEO) Mortgage applications increased 14.2 percent from one week ea

Appraisal 76

Appraisal Business Contracts Real Estate 76

Inman

SEPTEMBER 20, 2024

Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets.

Inventory 135

Inventory Mortgage Marketing 135

BiggerPockets

SEPTEMBER 20, 2024

The challenging aspect of any renovation is determining what to renovate and selecting appropriate finishes. There’s no one-size-fits-all rule for renovations and finishes guaranteeing the highest ROI.

Renovations 80

Renovations 80

Inman

SEPTEMBER 20, 2024

Not all consumers need a buyer's agent; Shay is an AI-driven homebuying solution with a number of industry-bred benefits.

Buyers 155

Buyers Agents Training Technology 155

BiggerPockets

SEPTEMBER 20, 2024

Two house flippers buy similar deals—but one’s profit is double the other.

Investing 81

Investing Development 81

Inman

SEPTEMBER 20, 2024

Carolwood's managing broker Nick Segal, alongside agents Shaun Alan-Lee and Jane Dorian, recently founded the white-glove service team, which operates in markets in Southern California and New York City.

Agents 126

Agents Marketing Brokerage 126

Buys Brokers Only LLC

SEPTEMBER 20, 2024

Journalists and others have written many articles about the settlement between the National Association of Realtors (NAR) and plaintiff attorneys regarding commissions.

Buyers 52

Buyers Realtors Real Estate 52

Inman

SEPTEMBER 20, 2024

A new preliminary injunction orders the Florida-based brokerage to stop issuing liens in California, and to stop enforcing its 40-year "homeowner benefit agreements.

Contracts 123

Contracts Realty Brokerage 123

Mortgagebroker News

SEPTEMBER 20, 2024

Initiative to offer condos at 60% of market value, with government covering the rest until resale

Market Value 68

Market Value Marketing Government 68

Inman

SEPTEMBER 20, 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.

Brokerage 121

Brokerage Agents 121

Mortgagebroker News

SEPTEMBER 20, 2024

Sebastien Kuperhause on mastering mortgages, industry challenges, and his future plans

Lending 61

Lending Mortgage 61

Inman

SEPTEMBER 20, 2024

Inman's Power Wheels bracket contest is down to the four best real estate agent automobiles, as determined by your votes.

Bracketing 127

Bracketing Agents Real Estate Agent Real Estate 127

Mortgagebroker News

SEPTEMBER 20, 2024

Lower rates, new rules have improved conditions – but plenty of challenges remain

Buyers 61

Buyers 61