Housing Wire
APRIL 12, 2024
After heating up like the rest of the country, the Louisiana housing market has continued to cool since interest rates began to rise in the second half of 2022. While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further.
Real Estate News
APRIL 12, 2024
The ruling leaves open the possibility of consolidation after settlements have concluded. But in the meantime, cases that had been on pause can move forward.
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Housing Wire
APRIL 12, 2024
Job recruiters in the South are facing hurdles to attract skilled professionals from the Midwest despite offering competitive compensation packages, according to a Bloomberg report published Friday. That’s because many of these potential hires are locked into super-low 30-year mortgages. During the fourth quarter of 2023, the proportion of job seekers in the U.S. who relocated for employment dwindled to a mere 1.5%.
Real Estate News
APRIL 12, 2024
Top Agent Network is asking for an October 2025 trial date in the dispute over the National Association of Realtors’ Clear Cooperation policy.
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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
APRIL 12, 2024
Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter — and executives believe that the macroeconomic landscape will remain tough in the months to come.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Housing Wire
APRIL 12, 2024
The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey , nearly 40% of U.S. renters don’t believe in their ability to ever own a home, up from roughly 27% less than a year ago. While lack of affordability is the dominant reason for renters to believe they’re unlikely to become homeowners, nearly half of renters feel that available homes are too expensive.
Appraisal Buzz
APRIL 12, 2024
Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA). Stephan will continue in her role leading the FHFA Office of Financial Technology. Stephan is a 25-year veteran in mortgage technology. Stephan came to FHFA from Fannie Mae where she served in a variety of positions overseeing enterprise innovation, data, software engineering, and product management.
Housing Wire
APRIL 12, 2024
Reverse mortgage industry professionals have spoken for months about the consequences of high interest rates on their ability to pursue business, and now AARP has taken a closer look at the impacts. While higher rates are bad news for the mortgage industry in a broad sense, the impact on reverse lending is more nuanced, Bruce Simmons of American Liberty Mortgage in the Denver area explained to AARP.
Real Estate News
APRIL 12, 2024
Attorneys argued that the home sellers “should not have to wait indefinitely to defend their verdict on appeal” and provided details about the case’s timeline.
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Housing Wire
APRIL 12, 2024
As artificial intelligence continues to grow in prominence, mortgage professionals “must carefully evaluate and manage” their use of AI and “focus on deriving the benefits while avoiding potentially catastrophic risks.” That’s one of the key conclusions reached by the BlackFin Group in a recently published white paper, “Artificial Intelligence (AI) in Mortgage Banking.
Real Estate News
APRIL 12, 2024
Stellar MLS expands voice search capabilities; NorthstarMLS launches RESO web API; T3 Sixty announces Tech Summit plans.
Housing Wire
APRIL 12, 2024
Stellar MLS , the third-largest MLS in the country, has expanded its partnership with artificial intelligence company Lundy Inc. , Stellar announced on Thursday. Powered by Amazon’s Alexa products, Lundy offers a voice-activated property search engine, allowing real estate professionals and homebuyers to navigate home listings using their voice. Lundy’s “Finding Homes” feature will be accessible to all Stellar MLS customers, including those in Florida and Puerto Rico, where Stellar serves as the
Inman
APRIL 12, 2024
Thirty-eight percent of renters don't believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin.
Housing Wire
APRIL 12, 2024
The Multidistrict Litigation panel has denied a motion for nine of the commission lawsuits to consolidate. In a decision filed on Friday, Judge Karen Caldwell, who is the chair of the MDL panel, wrote that after hearing arguments from all parties involved, the panel concluded that “centralization is not necessary at this time for the convenience of the parties and witnesses or to further the just and efficient conduct of the litigation.
Inman
APRIL 12, 2024
A panel of judges considering whether to consolidate real estate commission lawsuits into one cited the recent NAR settlement as a reason to deny the request.
Housing Wire
APRIL 12, 2024
The HousingWire award spotlight series highlights the individuals and organizations that have been recognized through our Editors’ Choice Awards. Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Click here to nominate someone from your organization today. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.
Inman
APRIL 12, 2024
Real estate professionals have been seeking answers since Wednesday, when many lost access to their personal websites, lead services and other tools provided by Boomtown, agents told Inman.
Eyes on Housing
APRIL 12, 2024
Over the first two months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 155,236. On a year-over-year (YoY) basis, this is an increase of 38.4% over the February 2023 level of 112,131. Year-to-date ending in February, single-family permits were up in all four regions. The range of permit increase spanned.
Inman
APRIL 12, 2024
Tune in for an engaging discussion surrounding the latest trends, predictions and insider knowledge on the 2024 housing market to help you make informed decisions with confidence.
BiggerPockets
APRIL 12, 2024
With home prices and interest rates still at record highs and inventory squeezed, homebuyers and real estate investors may be better off purchasing a fixer-upper in some cities.
Inman
APRIL 12, 2024
Most new franchisees signing up for Motto's "mortgage brokerage-in-a-box" solution are real estate brokerages and teams that aren't affiliated with RE/MAX.
BiggerPockets
APRIL 12, 2024
How did this syndicator, with all of its promise and potential, fall from grace after several investors claimed they were burned? BiggerPockets set out to find out what went wrong, how it went wrong, and what it means to other investors.
Inman
APRIL 12, 2024
The estate is being listed by Branden and Rayni Williams of The Beverly Hills Estates for $55 million as it simultaneously prepares to head to a no-reserve auction with Concierge Auctions from May 9 through May 23.
BiggerPockets
APRIL 12, 2024
Whenever I hop on a conference call, someone asks, “Where are you located?” And then their eyes widen when I respond, “Lima, Peru.
Inman
APRIL 12, 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.
Mortgagebroker News
APRIL 12, 2024
Prime minister bids to tackle crisis
Appraisal Partners Blog
APRIL 12, 2024
What can be a more traumatic and challenging experience of one’s life than divorce? It is one of the toughest emotional turmoils that may affect the entire life of an individual. However, amidst this emotional trouble, it’s essential to address practical matters, especially the division of assets and responsibilities. Structuring a divorce settlement agreement is a crucial step in this process, as it prepares the foundation for your financial and emotional well-being in the future.
GoForrmz
APRIL 12, 2024
Connect GoFormz to your Cloud storage platform to simplify and automate record-keeping Did you know that GoFormz connects with Cloud storage platforms? By integrating your GoFormz and Cloud storage accounts you can automate processes commonly associated with paperwork, like form delivery and record-keeping. Digitizing and automating these traditionally manual tasks not only saves your team significant time but also: Eliminates opportunities for missing, damaged, or delayed documents Enforces rec
Appraisal Today
APRIL 12, 2024
Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property.
Mortgagebroker News
APRIL 12, 2024
Lawsuit targets bank after clients lose millions in cyber fraud
Lamacchia Realty
APRIL 12, 2024
Lamacchia Realty REALTOR®, John Viveiros recently listed 1819 South Main Street in Fall River, Massachusetts, a well-known Chinese Restaurant called Mee Sum. Described by the community as iconic, Mee Sum has been a Fall River staple since its opening in 1950. The building, along with all of its restaurant equipment is up for sale, and the restaurant will remain open throughout.
Mortgagebroker News
APRIL 12, 2024
FSRA says brokerages failed to appoint principal and file required annual returns
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