Housing Wire
JANUARY 17, 2024
David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. “The real estate finance community mourns the loss today of one of its great leaders and fiercest advocates,” current MBA President Bob Broeksmit said in a statement Wednesday morning.
Sacramento Appraisal Blog
JANUARY 17, 2024
The spring market is awake. Today I want to talk about some trends I’m seeing, debunk a myth, and share some super random stats involving pickleball, Starbucks, and other stuff (sorry). Haha. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 02/01/24 Gateway Event (private) 2/09/24 PCAR WCR Event […] The post The spring housing market is waking up & random stats first appeared on Sacramento Appraisal Blog.
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Housing Wire
JANUARY 17, 2024
Mortgage rates at their lowest level in three weeks led to an increase in borrowers’ demand for home loans last week, spreading some optimism in the industry in the first few weeks of 2024. To prove it, analysts are already discussing a potential refi recovery. Overall, mortgage applications rose by 10.4% in the week ending Jan. 12, compared to one week earlier, on a seasonally adjusted basis, per the Mortgage Bankers Association ‘s (MBA) weekly mortgage applications survey.
Real Estate News
JANUARY 17, 2024
Home builder sentiment is up significantly in January as lower mortgage rates bring more buyers back to the market.
Housing Wire
JANUARY 17, 2024
New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels.
Real Estate News
JANUARY 17, 2024
New York Times journalist Debra Kamin talked to Real Estate News about the response to her investigations, why her eXp story “hit differently,” and what’s next.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
George Dell
JANUARY 17, 2024
“USPAP” is for credible appraisers. The underlying principle of the actual ‘standards’ and the hundreds of pages of “explanatory” material is that the appraiser’s work must be “worthy of belief.” Accuracy and precision (trueness and sureness) are never stated as a goal. Believability, in turn, is judged by the user “expectations” and if “peers” would […] The post Are Standards Credible?
Housing Wire
JANUARY 17, 2024
A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. The FHFA based its analysis on single-family housing data from the Uniform Appraisal Dataset (UAD), collected by Fannie Mae and Freddie Mac. A 5% sample of the UAD data was used, including the period between the third quarter of 2018 and the fourth quarter of 2021.
Eyes on Housing
JANUARY 17, 2024
Mortgage rates well under 7% over the past month have led to a sharp increase in builder confidence to begin the new year. Builder confidence in the market for newly built single-family homes climbed seven points to 44 in January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This second consecutive monthly increase in.
Housing Wire
JANUARY 17, 2024
Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? This cohort accounted for 1,950,000 properties — equating to 39% of total homes purchased! 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. 2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rat
Inman
JANUARY 17, 2024
The former FHA commissioner also held executive positions at World Savings Bank, Freddie Mac, and The Long and Foster Companies before leading the Mortgage Bankers Association.
Housing Wire
JANUARY 17, 2024
For the second consecutive month, homebuilders have become more optimistic. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report rose seven points month-over-month to a reading of 44 in January. The report attributes this sharp increase in builder confidence to mortgage rates remaining under 7% for the past month.
Inman
JANUARY 17, 2024
Agents weathered the storm last year by mostly staying put. In response to the latest Inman Intel Index, agents and brokerage leaders revealed the factors that might lead to a job change in 2024.
Housing Wire
JANUARY 17, 2024
The Consumer Financial Protection Bureau (CFPB) is sounding the alarm about an accelerating rate of scams that most commonly target older Americans, where a bad actor will pose as an official representative of the Bureau or another federal agency. The CFPB published a blog post on Tuesday describing details of the scam, including the lengths that the bad actors will go to convince their targets of the deception.
Inman
JANUARY 17, 2024
Las Vegas resident Nathaniel Whaley alleges the National Association of Realtors, the Northern Nevada Regional MLS and state and local Realtor groups conspired to inflate broker commissions.
Housing Wire
JANUARY 17, 2024
Top U.S. mortgage lender United Wholesale Mortgage (UWM) has rebranded its consumer-facing website FindAMortgageBroker.com to Mortgage Matchup. Mortgage Matchup will continue to be a consumer-facing website focused on homebuyers and real estate agents and offer educational material around the home buying and refinancing processes, along with a database of independent mortgage brokers near them, said UWM in a news release Wednesday.
Inman
JANUARY 17, 2024
The luxury brand's Aruba affiliate, Bold Properties, has expanded into the Caribbean island of Curaçao as demand remains strong among buyers and investors in the wake of the pandemic.
Housing Wire
JANUARY 17, 2024
The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy to Chapter 7 bankruptcy. The RMIT/RMF estate has run “out of money” to continue under Chapter 11, according to court filings reviewed by RMD.
Inman
JANUARY 17, 2024
If your 2024 resolutions included health and fitness goals, trainer Bernice Ross offers a collection of great advice to help you stay on track.
Housing Wire
JANUARY 17, 2024
Big Four title firm First American Financial believes the cybersecurity incident it incurred on Dec. 20, 2023 , will have material impact on its fourth quarter 2023 financial results, according to a document filed with the Securities and Exchange Commission last Friday. In the filing, First American informed the public that it believes it has contained the incident and reiterated that it has resumed normal business operations, which it first announced on Dec. 29, 2023.
Inman
JANUARY 17, 2024
Boutique firm LUX Denver is now affiliated with ERA Real Estate. Broker-owner Emily Duke co-founded the company in 2014, which has a lifetime sales volume of more than $200 million.
Appraiserblogs
JANUARY 17, 2024
It wants to bootstrap released felons by allowing them to work as so-called “fair-housing testers” for the many nonprofits HUD provides grants to… If the rule is changed, the HUD-subsidized nonprofits could hire felons to ramp up sting operations against real estate brokers, leasing agents, mortgage loan officers, escrow officers, title officers, appraisers, property managers and others.
Inman
JANUARY 17, 2024
To accommodate agents seeking a new place to hang their license, the notable Midwest independent has launched a new website, joinBW.com, to highlight the advantages of working for Illinois' largest family-owned real estate company.
BiggerPockets
JANUARY 17, 2024
Rates have been falling for the past few months, and signs of the market warming up are already here. These five markets have the highest gains in activity since last year.
Inman
JANUARY 17, 2024
Empty nest Baby Boomers own 28.2 percent of the large homes in the United States — twice as many as millennials with kids.
BiggerPockets
JANUARY 17, 2024
We've talked about zoning rules and regulations. Now, we need to talk about getting the right zoning for your project. Here's how to do that.
Inman
JANUARY 17, 2024
Baruh works in New York City and brings with him three other agents and one administrator. His move comes as brokerages compete intensely for top talent.
BiggerPockets
JANUARY 17, 2024
You don't have to be perfect to get started, you just need to get started. These nine mistakes are proof of that.
Inman
JANUARY 17, 2024
We want to hear about your worst experience with a real estate agent, whether they were working for you or with you.
BiggerPockets
JANUARY 17, 2024
Out-of-state investing is a great option if you’re looking to venture beyond your backyard, but finding the perfect market can be a challenge.
Inman
JANUARY 17, 2024
Albuquerque-based homebuilder Abrazo Homes drew the ire of social media users over the weekend for their floor plans named after Harriet Tubman and Anne Frank. The builder has edited the descriptions to remove historical facts about the women's lives.
BiggerPockets
JANUARY 17, 2024
If you want to know how to invest in real estate, you’re in the right place.
Inman
JANUARY 17, 2024
As part of Brandon Doyle's Snapshot series he talks to HomesUSA founder and CEO Ben Caballero. Find out how this innovator, and Guinness Book record-holder, is transforming the marketing of new construction.
BiggerPockets
JANUARY 17, 2024
The tide may have finally turned for real estate investing and the housing market.
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