Housing Wire
MAY 14, 2024
As the U.S. reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.45% on Tuesday, below the rate of 7.51% one week ago. At the same time one year ago, the average rate was 6.54%.The 15-year conforming fixed rate averaged 6.75% on Tuesday, down from 6.77% one week earlier.
Sacramento Appraisal Blog
MAY 14, 2024
Has the spring market peaked? There is a good chance it has. Let’s talk about that today. This post is designed to skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 5/15/24 KW Roseville Event (open to real estate pros) 6/5/24 Marketing Mastermind (register here) 6/6/24 Golden 1 Credit Union (details TBA) 6/11/24 Elk Grove […] The post Has the housing market peaked for the spring?
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Housing Wire
MAY 14, 2024
A report released this week by St. Louis-based Clever Real Estate found that recent homebuyers, as well as people who are considering a home purchase in the next year, are experiencing a laundry list of difficulties. Last month, Clever surveyed a total of 920 Americans about their views of the home purchase process and real estate agents. The respondents included 420 people who bought a home in 2023 or 2024, and another 500 who plan to do so in 2024 or 2025.
Real Estate News
MAY 14, 2024
The latest data points to some easing, but payments could hit a new peak later in the year. Regionally, payments are down in areas with rising inventory.
Speaker: Timothy Allsopp
Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.
Housing Wire
MAY 14, 2024
Despite persistently high interest rates , big four title firm Fidelity National Financial recorded a much stronger start to 2024 than it did a year ago. In first-quarter 2024 , Fidelity reported total revenue of $3.299 billion, up from $2.474 billion a year ago. Its net earnings were $248 million, compared to a $59 million net loss in Q1 2023. The firm attributed its stronger results to better performance from both its F&G segment and its title insurance segment.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
MAY 14, 2024
Housing affordability has plummeted to its lowest level since the 1980s, keeping many Americans in the rental market. As a result, some homebuilders have doubled down on the construction of built-to-rent (BTR) homes. In 2023, a record 93,000 new single-family homes for rent were completed, up 39% from 2022, according to a report by The Wall Street Journal.
Real Estate News
MAY 14, 2024
The acquisition of Parks Real Estate and its 1,500 agents now makes Compass the biggest brokerage in the state.
Housing Wire
MAY 14, 2024
Dark Matter Technologies , formerly Black Knight Origination Technologies , named Vikas Rao as its deputy chief product officer, the company announced on Tuesday. In his new capacity, Rao will directly report to chief product officer Stephanie Durflinger. His responsibilities will include overseeing enhancements to the Empower loan origination system (LOS) and establishing Dark Matter’s developer community.
Appraisal Buzz
MAY 14, 2024
Mitch Bledsoe has been promoted to chief technology officer for LERETA , which provides real estate tax and flood services for mortgage servicers. Bledsoe, who joined LERETA in 2022, was previously senior vice president of enterprise technology. Bledsoe has more than 20 years of experience in technology management including leading numerous domestic and international teams through successful large-scale product development efforts, legacy modernizations, and the buildout and maintenance of suppo
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Housing Wire
MAY 14, 2024
FinLocker , the St. Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience.
Appraisal Buzz
MAY 14, 2024
Demand for vacation-home mortgages fell 40% in 2023 as the average U.S. home price surged to a record high, Redfin reports. Austin and the Bay Area saw the biggest declines in mortgages for second homes in 2023, according to the firm. In total, U.S. homebuyers took out 90,772 mortgages for second homes in 2023, Redfin’s data shows. That’s down 65% from the height of the pandemic housing boom in 2021.
Housing Wire
MAY 14, 2024
With a 90-day average median list price of $4.3 million , Santa Monica, California doesn’t seem like a place where one would expect to find many first-time homebuyers. But local real estate professionals would beg to differ. “Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said.
Appraisal Buzz
MAY 14, 2024
Vikas Rao has joined Dark Matter Technologies as deputy chief product officer. Rao has over 15 years of experience in software engineering, product management and technology leadership spanning public and private companies within the mortgage industry and in Silicon Valley’s startup scene. He previously served as vice president of product management for mortgage origination technology provider Ellie Mae.
Housing Wire
MAY 14, 2024
Steve Resch, vice president of retirement strategies at leading reverse mortgage industry lender Finance of America , knows a lot about the intersection between the interests of financial planning professionals and reverse mortgage industry members. Financial planners have been, and remain, one of the most sought-after referral partnerships for reverse mortgage professionals to establish ties with.
Appraisal Buzz
MAY 14, 2024
Applications for mortgages for new home purchases increased 2% in April compared with March and were up 22.1% compared with April 2023, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS). “New home purchase activity increased at a healthy pace in April 2024 after a slight pause in March,” says Joel Kan, vice president and deputy chief economist for the MBA, in a statement.
Housing Wire
MAY 14, 2024
Better Home & Finance Holding Co. , the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. But expenses continued to increase and the company remained unprofitable during the period. Better posted a net loss of $51.5 million from January to March, up from a loss of $50.8 million in the previous quarter and down from a loss of $87.6 million in the same period last year, according to filings with the Securities and Exchan
Inman
MAY 14, 2024
The changing real estate landscape and media misinformation are creating confusion for homesellers. Mega-team leader Carl Medford lays out the facts so that you can educate your clients.
Housing Wire
MAY 14, 2024
Financial services company LERETA appointed Mitch Bledsoe to the position of chief technology officer, the company announced on Tuesday. Bledsoe joined LERETA in 2022 to serve as the senior vice president of enterprise technology. In his new role, Bledsoe will be responsible for the company’s technology innovation, design, infrastructure, application management and data service offerings.
Inman
MAY 14, 2024
Stop worrying that AI will replace you, MoxiWorks' York Baur writes. Start learning to use technology to your advantage by automating low ROI tasks.
Housing Wire
MAY 14, 2024
Atlas VMS , the appraisal and valuation company led by Erik Morin , announced this week the appointment of Joe Pravettone as chief appraiser. The company describes the hire as a “significant addition” to its leadership team. Pravettone began his valuation career roughly 25 years ago, starting as an independent fee appraiser and ultimately working for both national appraisal management companies (AMCs) and large financial institutions.
Inman
MAY 14, 2024
The NAR settlement shook the industry, but agents overwhelmingly told the Inman Intel Index they believe their brokerage has been an effective ally. It's a big win for brokerage training efforts.
Housing Wire
MAY 14, 2024
Broker associate Marcus Skenderian is bringing his five-person Marcus Skenderian Real Estate Group back to Compass after spending three years at Coldwell Banker. As part of the move, Skenderian is also opening an office in Laguna Beach, California. The team serves coastal California communities such as Laguna Beach, Newport Beach, Corona Del Mar, Newport Coast, Crystal Cove, Dana Point and more.
Inman
MAY 14, 2024
Judge Stephen R. Bough said payouts and practice changes in NAR's deal, added to those in the Keller Williams, Anywhere and RE/MAX settlements, represent "substantial benefits" for sellers.
Housing Wire
MAY 14, 2024
It’s an election year, and housing affordability appears to be a big concern for voters. So, it’s not surprising to see the administration and members of Congress announcing big ticket legislative initiatives to boost homeownership – like a 1 st time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. The Community Home Lenders of America (CHLA) applauds these initiatives.
Inman
MAY 14, 2024
The pre-sale renovation company's latest use of artificial intelligence could reduce subjectivity the next time a real estate agent prices a home or advises a client, Revive executives said Tuesday.
GoForrmz
MAY 14, 2024
Originally published on 03/17/2017 Elevate your small business operations with these top form fields and features Operating a small business isn't easy; owners juggle numerous roles and duties typically assigned to a larger team. This perpetual multitasking entails striving to match established competitors and industry giants — a challenging endeavor, particularly when bogged down by manual administrative tasks.
Inman
MAY 14, 2024
It is crucial to put together the right team to keep growth going strong in today's real estate world. Here's how The Agency's Tara Scholl-Gettles did it.
Eyes on Housing
MAY 14, 2024
Inputs to residential construction, goods less food and energy, increased for the sixth consecutive month, according to the most recent producer price index (PPI) report published by the U.S. Bureau of Labor Statistics. The index for inputs to residential construction, goods less food and energy, represents building materials used in residential construction.
Inman
MAY 14, 2024
Take into account the way you like to work, your level of expertise and your desire for collaboration when considering the brokerage model that works best for you and your business.
Eyes on Housing
MAY 14, 2024
Over the first three months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 241,311. On a year-over-year (YoY) basis, this is an increase of 25.9% over the March 2023 level of 191,695. Year-to-date ending in March, single-family permits were up in all four regions. The range of permit increase spanned.
Inman
MAY 14, 2024
Powered by mortgage rates from Zillow Home Loans, BuyAbility tool could help listing portal's lending affiliate get a head start on other lenders it competes with for borrowers.
BiggerPockets
MAY 14, 2024
Would you buy a house for $100K? That’s right, just twenty-five percent of the median home price in America.
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