Appraisal Buzz

JULY 26, 2024

Though home prices have plateaued in many areas, they remain near record highs across the United States. According to the opinions of LendingTree staff writer Jacob Channel, with steep housing costs, some Americans may recall the dramatic price surges of the early to mid-2000s, which preceded the Great Recession of 2007-2009. This historical comparison might incite panic, as the Great Recession led to significant home value declines and numerous foreclosures.

Housing Market 448

Housing Market Marketing Home Value Mortgage 448

Housing Wire

JULY 26, 2024

Secure payment provider Payload is launching a new payment and billing tool specifically geared to buyer agents , according to an announcement on Thursday. In a release, Payload said it created the solution in response to the terms of the National Association of Realtors’ nationwide commission lawsu it settlement agreement , and the potential changes to buyer agent compensation.

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Tools Buyers Agents Realtors 423

Appraisal Buzz

JULY 26, 2024

The national median payment applied for by purchase applicants in June decreased to $2,167, down from $2,219 in May, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures homebuyer affordability. “Homebuyer affordability conditions improved for the second straight month as declining mortgage rates continue to increase purchasing power and is enticing some borrowers back into the housing market,” says Edward Seiler, associate vice preside

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Housing Market Mortgage Appraisal Marketing 396

Housing Wire

JULY 26, 2024

The HousingWire Pulse Survey for Q3 2024 provides a detailed snapshot of current housing market sentiments and challenges faced by real estate agents, brokers, and mortgage professionals. The survey reveals a generally cautious optimism among these sectors, despite varied expectations regarding market trends over the next three months. Real estate agents have mixed outlook Agents exhibit a mixed but hopeful outlook, with nearly 29% anticipating a rise in home sales and 18% expecting a decline, l

Housing Market 402

Housing Market Real Estate Agent Marketing Training 402

Appraisal Buzz

JULY 26, 2024

According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI) , homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 in June 2024 from $2,219 in May 2024, down $52. MBA’s PAPI measures how new monthly mortgage payments vary across time–relative to income–using data from MBA’s Weekly Applications Survey (WAS).

Mortgage 394

Mortgage Housing Market Buyers Appraisal 394

Housing Wire

JULY 26, 2024

Richard Blumenthal, the senior U.S. senator from Connecticut , sent a letter last week to Acting U.S. Department of Housing and Urban Development (HUD) Secretary Adrianne Todman asking why what he describes as a “backlog” of housing discrimination complaints has yet to be addressed. The letter, first reported by local Connecticut outlet CT Insider , describes the lag in investigations related to such complaints that impact prospective homeowners and renters both within the state and nationwide,

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Tenants Law Design Development 394

Housing Wire

JULY 26, 2024

The U.S. Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae. The committee voted 28-1 to approve the bill in its current form, which calls for $67 million for salaries and expenses related to the operations of the government-owned company.

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Transportation Law Investing Government 379

Appraisal Buzz

JULY 26, 2024

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Finance 372

Finance Real Estate Clients Government 372

Housing Wire

JULY 26, 2024

Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?), you know the real estate industry has had quite a roller coaster ride in 2024. Buyer representation has become one of the hottest and most debated topics of the year. Amid the lawsuits and non-stop news coverage, one major question has emerged: What is buyer representation and why does it matter?

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Buyers Agents Real Estate Design 372

Appraisal Buzz

JULY 26, 2024

In light of the current surge in the number of prospective tenants, a new Realtor.com report titled “Top 10 Markets for Renters” indicates that cities in the Midwest and South rank highest for availability, affordability, and economic growth as well as for having commute times that are shorter than average. These attributes make these regions attractive to individuals looking for opportunity as well as a high standard of living.

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Tenants Landlords Marketing Inventory 330

Housing Wire

JULY 26, 2024

If handled correctly, selling your home to a family member can be a good way to help a loved one save money on a home and build wealth. However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Why is selling to a family member different?

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Market Value Real Estate Agent Real Estate Finance 356

Appraisal Buzz

JULY 26, 2024

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Housing Wire

JULY 26, 2024

Compass ’ presence in the Dallas-Fort Worth metro area just got stronger. On Thursday, the Robert Reffkin -helmed firm announced that Bridgette Harrington was departing Rogers Healy & Associates for Compass. At Rogers Healy, Harrington led the Bridgette Harrington Group , a real estate team she will be restarting at Compass, according to the announcement.

Real Estate 354

Real Estate Agents Inventory Technology 354

Appraisal Buzz

JULY 26, 2024

The post Found the Septic appeared first on Appraisal Buzz.

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Appraisal 370

Housing Wire

JULY 26, 2024

Like most of its peers, top-five mortgage lender Newrez is prioritizing the use of artificial intelligence (AI) to provide call center representatives with real-time information on its policies, procedures, and guidelines to improve customers’ experience, according to its president, Baron Silverstein. “From a prioritization perspective, we’re right now, with my management team, focused on customer and user experience.

Technology 348

Technology Mortgage Investors Development 348

Appraisal Buzz

JULY 26, 2024

Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey. “The delinquency rate for most property types declined last quarter, with the exception of loans backed by office properties, which experienced an increase,” says Jamie Woodwell, head of commercial real estate research for the MBA, in a statement.

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Mortgage Real Estate Finance Appraisal 195

Housing Wire

JULY 26, 2024

Coinciding with the effective date for a previously announced reverse stock split, the price for shares of leading reverse mortgage lender Finance of America (FOA) stood well above the minimum threshold the New York Stock Exchange (NYSE) requires to maintain trading activity. As of the close of trading on Friday — the day the reverse stock split went into effect — FOA’s share price jumped from $0.73 at the end of trading on Thursday to $7.19 per share the following morning, roughly corresponding

Finance 309

Finance Investors Mortgage Marketing 309

Appraisal Buzz

JULY 26, 2024

Blue Water Financial Technologies , a provider of financial management solutions, owned by Voxtur Analytics Corp. , is set to transform the way Deephaven Mortgage manages its mortgage pipeline through a new strategic engagement. “This engagement with Deephaven represents a significant milestone for Blue Water,” says Alan Qureshi, CEO of Blue Water, in a release.

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Technology Mortgage Clients Appraisal 195

Real Estate News

JULY 26, 2024

San Diego MLS adds Checkmate from VestaPlus, which is also teaming up with ListAssist to expand reach; CoreLogic launches new OneHomeowner portal.

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Appraisal Buzz

JULY 26, 2024

Mortgage servicers this year have successfully fought back the headwinds of persistently high interest rates and financial uncertainty to drive improvements in overall customer satisfaction, but significant risks loom on the horizon, according to the 2024 U.S. Mortgage Servicer Satisfaction Study from J.D. Power. The report shows that mortgage servicer efforts to improve digital experiences and streamline problem resolution have helped drive incremental improvements in customer satisfaction, but

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Mortgage Tools Lending Appraisal 195

Real Estate News

JULY 26, 2024

The former Realtor.com employee at the heart of the case responded to the accusations, while lawyers for both companies complained of leaks and delays.

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Eyes on Housing

JULY 26, 2024

Personal income inched up 0.2% in June, down from a 0.4% increase in the prior month, according to the most recent data release from the Bureau of Economic Analysis (BEA). Gains in personal income are largely driven by increases in wages and salaries. As spending outpaced personal income growth, the personal savings rate decreased to.

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Inman

JULY 26, 2024

The Games have not drawn as much international traffic as Paris anticipated, but the city's visibility may draw luxury clients hopping on the 'quiet luxury' trend that's swept real estate.

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Buyers Real Estate Clients Agents 164

Appraisal Hub

JULY 26, 2024

Imagine you could get a report card for a home, highlighting each element that adds or subtracts value. This is called property valuation. Whether buying, selling, or refinancing a property, a meticulous and professional appraisal is essential to ensure fair market value. What Is Property Valuation? When appraisers visit a house, they find out how much the owner wants to sell for.

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Valuation Buyers Market Value Insurance 78

Inman

JULY 26, 2024

Trainer and new Inman contributor Nikki Buckelew writes that working with downsizing seniors requires a blend of empathy, patience and practical support.

Agents 176

Agents Clients Real Estate Agent Sellers 176

BiggerPockets

JULY 26, 2024

Renting has its horror stories, and sometimes it gets out of control. Jeff gives us an inside look at what happened when one of his tenants rented out his property without him knowing, plus stories from other landlords.

Tenants 82

Tenants Landlords 82

Inman

JULY 26, 2024

Real estate software company MoxiWorks has been building its 150-plus member MoxiCloud network for years to help users solve challenges its products may not address. The latest to be selected is SOCi, a powerful online marketing solution.

Marketing 160

Marketing Real Estate Technology 160

Mortgagebroker News

JULY 26, 2024

Central bank says newcomers may be adding to housing costs and labour market challenges

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Marketing 82

Inman

JULY 26, 2024

A longtime thorn in Zillow's side, Left and his firm Citron Capital LLC face charges from the DOJ and SEC that they profited by taking positions in companies that were the opposite of what they told investors to do.

Investors 160

Investors Sellers 160

BiggerPockets

JULY 26, 2024

Barely a day goes by when interest rates are not front-page news, as buyers, sellers, and those looking to refinance anxiously await news of a rate cut in

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Sellers Buyers Mortgage Real Estate 82

Inman

JULY 26, 2024

Working with buyers is changing. Are you ready? Jimmy Burgess offers the insight you need so you can prove your value as you serve buyer clients.

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Agents Buyers Clients Brokerage 172

Mortgagebroker News

JULY 26, 2024

Rate reduction is "great for everyone", says top broker

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Inman

JULY 26, 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 156

Brokerage Agents 156

Mortgagebroker News

JULY 26, 2024

Rule change could make it more difficult for first-time buyers to enter the housing market

Housing Market 76

Housing Market Buyers Marketing 76