Housing Wire

AUGUST 1, 2024

The average 30-year fixed-rate mortgage dropped to 6.62% on Thursday, a new low for 2024 that appears to be tied to the expectation that the Federal Reserve could move to cut interest rates at its next meeting in September. This is according to data reported by Mortgage News Daily. On Wednesday, Fed Chair Jerome Powell indicated that a rate cut is a possibility after the September meeting if economic data continues to trend in the right direction.

Mortgage 514

Mortgage Inventory Marketing 514

Appraisal Buzz

AUGUST 26, 2024

In July, pending sales of starter homes increased 10.2% year-over-year to the highest level since October 2022, per a new report from Redfin. This indicates that in the lower end of an otherwise “stagnant market”, there might be hope for first-time homebuyers. Middle-class homes (those with sales prices in the 35th–65th percentile of the market) saw a 6.5% decline in pending sales in July over the same month last year, while upper-class homes (those in the 65th–95th percentile) saw an even great

New Listings 444

New Listings Bracketing Inventory Buyers 444

Real Estate News

AUGUST 12, 2024

The plaintiffs say they shouldn’t have to join NAR and other associations to access the MLS, especially if buyer-broker compensation is no longer guaranteed.

Agents 337

Agents Buyers 337

Inman

AUGUST 26, 2024

The Florida-based brokerage's buyer-focused marketing and educational resources are made for agents in need of assistance as they pitch buyer representation services, executives told Inman.

Buyers 185

Buyers Agents Tools Realty 185

Appraiserblogs

AUGUST 30, 2024

The Appraisal Regulation Compliance Council published a detailed breakdown to the CFPB, which showed the median average AMC fee being charged to borrowers amounted to a staggering 65% of the total appraisal fee, with one AMC extracting as much as 84% in pure profit. The Appraisal Regulation Compliance Council (ARCC) is a crucial non-profit organization that specializes in providing fact-based research and expertise on the complex web of appraisal regulations and compliance issues.

Appraisal 179

Appraisal 179

Eyes on Housing

AUGUST 9, 2024

Total outstanding US consumer debt stood at $5.08 trillion for the first quarter of 2024, increasing at an annualized rate of 2.46% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. From the second quarter of 2023 to the second quarter of 2024, the total increased by 1.84%. This year-over-year (YoY) growth rate.

Finance 167

Finance 167

Appraisal Buzz

AUGUST 30, 2024

The U.S. Commercial Foreclosure Report , recently released by ATTOM, indicates that the number of commercial foreclosures has steadily increased over time, rising from a low of 141 in May 2020 to 647 in June 2024. This pattern shows a steady rise over the course of the time. ATTOM’s latest commercial foreclosure activity analysis also noted that Since January 2014, ATTOM has been analyzing data during a period marked by the nation’s emergence from economic uncertainty, starting with 740 commer

Appraisal 435

Appraisal Marketing 435

Real Estate News

AUGUST 13, 2024

The Keller-Williams co-founder told a crowd of the faithful that he sees a soft landing for the economy and success for agents who are ‘ready to jump’ in 2025.

Marketing 320

Marketing Agents 320

Inman

AUGUST 26, 2024

Eight Realtors are seeking class action status in their lawsuit against Realtor.com for allegedly selling unvetted and fraudulent buyer and seller leads. This is the third lawsuit against Realtor.com and parent company Move over its lead gen business.

Realtors 185

Realtors Sellers Buyers Business 185

Appraiserblogs

AUGUST 29, 2024

These misleading ads are sowing seeds of mistrust in a time-tested profession. The National Fair Housing Alliance (NFHA) has recently launched a concerning campaign of poster ads, billboard ads, and magazine ads that falsely accuse home appraisers of basing their valuations on the personal characteristics of the homeowners or prospective buyers, rather than solely on the objective merits and features of the property itself.

Valuation 160

Valuation Appraisal Buyers Development 160

Eyes on Housing

AUGUST 22, 2024

The labor market may not be as strong as previously estimated, according to the Bureau of Labor Statistics’ preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. Each year, the Current Employment Statistics (CES) survey employment estimates are benchmarked to full population counts of employment for the month of March.

Construction 158

Construction Marketing 158

Housing Wire

AUGUST 26, 2024

The National Association of Realtors (NAR) is facing yet another lawsuit. The latest complaint, which is seeking class-action status, was filed on Friday by eight real estate agents in Los Angeles County Superior Court. The suit claims that NAR, along with Move Inc., Move Sales , OpCity Acquisitions , OpCity Inc. and REA Group Ltd. — which, according to the complaints, are all wholly owned subsidiaries of Move and News Corp , who is also a defendant — defrauded agents by selling them fake lead

Real Estate Agent 503

Real Estate Agent Real Estate Law Agents 503

Appraisal Buzz

AUGUST 15, 2024

The U.S. foreclosure market experienced a notable uptick in July 2024, with foreclosure filings increasing by 15% from the previous month, according to the latest report from ATTOM Data, a land, property, and real estate data firm. A total of 31,929 properties across the nation faced foreclosure actions, which include default notices, scheduled auctions, or bank repossessions.

Marketing 448

Marketing Real Estate Housing Market Development 448

Real Estate News

AUGUST 17, 2024

Important practice changes required by the NAR settlement take effect today, affecting buyer agent agreements and compensation. “We are in this together.

Agents 313

Agents Buyers 313

Inman

AUGUST 22, 2024

The suit accuses NAR and major franchisors of breaking antitrust laws. The company's complaint includes alleged text messages in which agents refused to show Homie listings.

Law 186

Law Agents Realtors Brokerage 186

BiggerPockets

AUGUST 14, 2024

Deal finding is one of the most important parts of real estate investing, yet a lot of investors struggle to put it together. Here's how you can form a stellar team of finders.

Real Estate 84

Real Estate Investors Investing 84

Eyes on Housing

AUGUST 12, 2024

The majority of NAHB builder members are small businesses, according to the annual census of its members NAHB has been conducting since 2008. The most recent installment of the census was conducted at the end of 2023 and covered business activity through 2023. The census shows that, on average, NAHB builders started 59.2 homes in.

Business 163

Business 163

Housing Wire

AUGUST 17, 2024

Have lower mortgage rates already started to slow down housing inventory? I have a simple weekly growth model with the Altos inventory data: when rates are high, over 7.25%, inventory should grow between 11,000-17,000 weekly. This has happened six times this year and even though that would be an average inventory growth level with higher rates, it didn’t happen even once last year.

Inventory 511

Inventory Mortgage New Listings Contracts 511

Appraisal Buzz

AUGUST 22, 2024

In the second quarter of 2024, the Mortgage Bankers Association (MBA) reported a 3% increase in commercial and multifamily borrowing compared to the previous quarter. This growth highlights a sustained demand for multifamily loans and certain commercial properties, even as the market grapples with higher interest rates. The MBA credits favorable economic conditions and a strong market for bolstering demand in these segments.

Investing 435

Investing Retail Construction Tools 435

Real Estate News

AUGUST 29, 2024

The former CEO of RE/MAX and Century 21 says he will apply his experience helping franchise owners to his new role in real estate consulting.

Real Estate 313

Real Estate 313

Inman

AUGUST 27, 2024

In a new report, University of Buffalo contracts law professor Tanya Monestier details ways in which contracts allow buyer agents to collect more compensation than agreed-to with the buyer.

Law 180

Law Contracts Buyers Agents 180

BiggerPockets

AUGUST 23, 2024

Brian's team is shifting from syndications to private partnerships, focusing on high-return, low-risk opportunities by vetting partner trustworthiness, leverage, and regulatory risks.

Investing 81

Investing Real Estate 81

Lamacchia Realty

AUGUST 7, 2024

August 7 th – At the Greater Boston Association of REALTORS® Annual Awards & Networking Breakfast at Venezia Waterfront Restaurant in Boston , Anthony Lamacchia was named 2024 REALTOR® of the Year. The Greater Boston Association of REALTORS® (GBAR) “ honors their members for their hard work and dedication to the real estate profession” during this event with six awards.

Realtors 77

Realtors Real Estate Realty Buyers 77

Housing Wire

AUGUST 12, 2024

There are just five days to go until the business practice changes outlined in the National Association of Realtors’ (NAR) nationwide commission lawsuit settlement agreement , but the trade association is not out of the lawsuit woods just yet. In a lawsuit filed on Monday by Douglas Hardy, Glenn Champion and Dylan Tent in U.S. District Court for the Eastern District of Michigan , the plaintiffs claim the requirement that all Realtors and brokers in Michigan be member of NAR, their state Realtor

Real Estate 489

Real Estate Realtors Agents Real Estate Agent 489

Appraisal Buzz

AUGUST 21, 2024

According to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey , the total number of loans now in forbearance increased from 0.23% to 0.27% as of July 31, 2024. The MBA estimates that 135,000 homeowners are currently in forbearance plans, as the nation’s mortgage servicers have provided forbearance to approximately 8.2 million borrowers since March 2020.

Mortgage 435

Mortgage Sellers Housing Market Buyers 435

Real Estate News

AUGUST 26, 2024

Agents from six states allege that the parent company of Realtor.com sold dubious leads, and said NAR — also a defendant — was “complicit” in the scheme.

Agents 299

Agents 299

Inman

AUGUST 31, 2024

Do we still want to work like it's 1999? No, that's why agents need to ask themselves what they really want their work, life and compensation to look like moving forward, Rachael Hite writes.

Agents 174

Agents 174

BiggerPockets

AUGUST 19, 2024

VP Harris just unveiled her economic plan, which included a number of items for supporting the housing market. But does history suggest executive policies make a difference?

Housing Market 82

Housing Market Marketing 82

Lamacchia Realty

AUGUST 26, 2024

Andy Perenick of Berkshire Dream Home/Lamacchia Realty Dalton wins 2024 Berkshire REALTOR® Spirit Award Andy Perenick , REALTOR® and Broker Associate of the Lamacchia Dalton/Berkshire Dream Home office , was the recipient of the 2024 Berkshire REALTOR® Spirit Award this past weekend. This award is given to individuals who consistently demonstrate professionalism as a REALTOR® and support other practitioners through their actions, words and cooperation.

Realtors 73

Realtors Realty Clients 73

Housing Wire

AUGUST 23, 2024

Federal Reserve Chair Jerome Powell said on Friday that “the time has come for policy to adjust,” signaling a cut in the federal funds rate at the September meeting of the Federal Open Market Committee (FOMC) as expected by monetary policy watchers. “The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,” Powell said during a speech at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming.

Mortgage 477

Mortgage Tools Real Estate Marketing 477

Appraisal Buzz

AUGUST 20, 2024

While buyers weigh many factors when it comes to purchasing a home, in 2017, Realtor.com released its first Hottest ZIP Codes Report. This year, 43230 in Gahanna, Ohio, became the top-ranked ZIP code for the second year in a row. The Midwest and the Northeast are home to all of this year’s hottest ZIP codes, according to the 2024 report that was just published.

Buyers 434

Buyers Housing Market Marketing Appraisal 434

Real Estate News

AUGUST 15, 2024

On the Real Estate Insiders Unfiltered podcast, Nykia Wright pleaded with real estate pros to keep complaints in the family while pledging to earn their trust.

Real Estate 300

Real Estate 300

Inman

AUGUST 21, 2024

Doug Miller of Consumer Advocates in American Real Estate, the initiator behind the first bombshell antitrust lawsuit, sounds alarm against Realtor talking points that "continue steering.

Realtors 180

Realtors Real Estate Brokerage Agents 180

BiggerPockets

AUGUST 19, 2024

New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords.

Tenants 82

Tenants Landlords Marketing 82