Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Inventory 545

Inventory Housing Market Mortgage Marketing 545

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

Real Estate News

JULY 24, 2024

Upward of 56,000 home purchase contracts — nearly 15% of all such contracts from June — were canceled, a new report found, largely due to affordability issues.

Contracts 334

Contracts Buyers Marketing 334

Inman

JULY 9, 2024

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

Real Estate Agent 201

Real Estate Agent Real Estate Brokerage Agents 201

Eyes on Housing

JULY 25, 2024

In the second quarter of 2024, the U.S. economy grew twice as fast as it did in the first quarter, supported by consumer spending and private inventory investment. Furthermore, the data from the GDP report suggests that inflation is cooling. The GDP price index rose 2.3% for the second quarter, down from a 3.1% increase.

Inventory 184

Inventory Investing 184

National Association of Realtors

JULY 19, 2024

With practice changes coming that include the prohibition of offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep an open line of communication.

Appraisal 92

Appraisal Agents 92

BiggerPockets

JULY 31, 2024

All signs seem to point to a September federal rate cut. It's likely to be the first step toward a revived housing market, but how should investors prepare?

Investors 84

Investors Housing Market Marketing 84

Real Estate News

JULY 24, 2024

A sequel to the industry-challenging assessment is expected in early 2025 and will focus on the future. “The time is now for the industry to transform itself.

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314

Inman

JULY 5, 2024

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

Mortgage 201

Mortgage Marketing 201

Eyes on Housing

JULY 31, 2024

The U.S. homeownership rate was 65.6% in the second quarter of 2024, unchanged from the first quarter of 2024, according to the Census’s Housing Vacancies and Homeownership Survey (HVS). However, this marks the lowest rate in the last two years. The homeownership rate is below the 25-year average rate of 66.4%, due to a multidecade.

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176

Mortgagebroker News

JULY 7, 2024

We caught up with Joe White, president and CEO of the Industry Service Provider of the Year, to hear the secrets behind its success

Mortgage 81

Mortgage 81

Housing Wire

JULY 8, 2024

Since launching in late June, Ryan Serhant’s latest reality TV venture “ Owning Manhattan ” on Netflix , has become quite the phenomenon. Despite debuting on June 28, the show cracked Netflix’s top-10 most streamed shows in the U.S. for the week ending on June 30. The show stars Serhant, who is no stranger to reality TV, having spent a decade starring in Million Dollar Listing New York , among other shows, and several of SERHANT.’s agents and team leaders.

Agents 526

Agents Business Real Estate Investing 526

BiggerPockets

JULY 7, 2024

The mortgage industry has just been through one of its biggest booms and busts, but some tech-first, cost-saving innovations could improve things for borrowers after this current cycle.

Finance 82

Finance Mortgage Marketing 82

Real Estate News

JULY 22, 2024

A letter to the state’s Realtor association also calls out consumer complaints about being “ensnared in contracts with brokers” they don’t want to work with.

Buyers 315

Buyers Contracts Realtors 315

Inman

JULY 17, 2024

California Regional MLS's general counsel talks offers of compensation, seller concessions, steering and buyer agency agreements ahead of his appearance at Inman Connect Las Vegas.

Contracts 200

Contracts Buyers Sellers Brokerage 200

Eyes on Housing

JULY 30, 2024

Home prices experienced a third year-over-year deceleration in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 5.94% annual gain in May, down from a 6.39% increase in April. Since June of 2023, the index had seen steady increases in the.

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170

Mashvisor

JULY 24, 2024

When deciding how to manage your short term rental, you need to know what Airbnb property management fees are and how much they cost.

Property Management 78

Property Management Investing Real Estate 78

Housing Wire

JULY 17, 2024

International homebuyers purchased the fewest number of existing homes for any year since the National Association of Realtors (NAR) began tracking the data in 2009. On Wednesday, the trade group reported in its 2024 International Transaction in U.S. Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024.

Buyers 508

Buyers Inventory Realtors Real Estate 508

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

Real Estate News

JULY 18, 2024

Despite falling rates, homebuyer demand remains weak. Now could be a chance to make offers before inventory tightens and prices rise further, one expert says.

Buyers 310

Buyers Inventory Mortgage 310

Inman

JULY 22, 2024

The company celebrated during a live "growth call" with leaders from more than 1,000 franchisees in the U.S. and Canada. Nearly 150 KW agents have earned more than $1 million in lifetime profit share.

Agents 196

Agents Brokerage 196

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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Mortgagebroker News

JULY 11, 2024

High interest rates are a significant roadblock to construction, and the lumber market is suffering

Construction 89

Construction Marketing 89

Housing Wire

JULY 27, 2024

One of my critical forecasts for 2024 was the growth of new listings data and active inventory, even with higher mortgage rates. However, the new listings data has slightly disappointed me. Many of my CNBC interviews , starting from late last year and just last week , have been on this theme, and new listings have grown in 2024. But, I set targets with a minimum 80,000 new listings for at least one week at the seasonal peak and that didn’t happen; the peak so far was 72,329, and now we are enter

New Listings 512

New Listings Inventory Mortgage Sellers 512

BiggerPockets

JULY 21, 2024

Love traveling? Want to make more money? Looking for real estate with lower price points and higher returns? International real estate investments may be for you.

Real Estate 82

Real Estate Investing 82

Real Estate News

JULY 29, 2024

South Florida’s Broward, Palm Beaches & St. Lucie Realtors is taking a two-pronged approach, using ads to educate consumers while helping members stay informed.

Realtors 276

Realtors 276

Inman

JULY 12, 2024

The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.

Legal 194

Legal Realtors Clients Buyers 194

Eyes on Housing

JULY 24, 2024

The production index for sawmills and wood preservation industries fell at the start of 2024 to 91.9 in the first quarter (the index measures real output during 2017 at a level of 100). This is the second straight decline for the quarterly level according to the Federal Reserve’s recent release of G.17 data. The index.

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163

Mortgagebroker News

JULY 24, 2024

Senior VP on value of strengthening long-term broker relationships via unmatched support, resources

Tools 85

Tools Technology 85

Housing Wire

JULY 25, 2024

Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), advances and subservicing contracts from Flagstar Bank , owned by New York Community Bancorp (NYCB). As part of the deal, the Dallas-based servicer and lender will pay $1.4 billion in cash, funded via available cash and drawdowns of existing MSR lines.

Business 473

Business Retail Contracts Mortgage 473

BiggerPockets

JULY 22, 2024

The DOJ is planning further changes to agent commission structures, which could lead to a significant reduction in traditional commission rates.

Agents 84

Agents Buyers Real Estate 84

Real Estate News

JULY 27, 2024

To align with the NAR settlement, eXp has issued a new listing form that explicitly states that there is no commission sharing with a buyer's agent.

New Listings 288

New Listings Agents Buyers 288

Inman

JULY 9, 2024

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.

Real Estate 196

Real Estate Real Estate Agent Agents Brokerage 196

Eyes on Housing

JULY 19, 2024

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2024 posted a reading of 65, down one point compared to the previous quarter. The RMI remains solidly in positive territory, and NAHB continues to project that remodeling activity has stabilized at a healthy level in 2024. Although some remodelers are reporting a.

Marketing 164

Marketing 164