Housing Wire

MARCH 23, 2024

Mortgage rates had a chance to break to new highs this year, but the Federal Reserve took a moderate tone at the last Fed meeting. We saw the benefit of lower mortgage rates with the last two existing home sales reports, which showed growth. Then mortgage rates rose, facilitating five weeks of negative purchase application data. As rates were hitting year-to-date highs, the fear was that the Fed would go hawkish in their March meeting, which could push mortgage rates toward 8% and tank 2024 dema

Mortgage 514

Mortgage Inventory New Listings Housing Market 514

Appraisal Buzz

MARCH 25, 2024

The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2023 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the last three months of 2023, raising the total number of homeowners who have been helped to 6,905,703 since the start of conservatorships in September 2008.

Inventory 397

Inventory Finance Business Appraisal 397

Sacramento Appraisal Blog

MARCH 27, 2024

It’s been a heated week of conversation in light of the NAR lawsuit, and one part that feels misunderstood or even controversial is how appraisers might handle concessions ahead. Let’s talk about it. Any thoughts? UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare Realty (details TBA) 4/26/24 Prime Real Estate (private) 5/9/24 […] The post Do appraisers deduct value if there are concessions?

Appraisal 381

Appraisal Realty Real Estate Marketing 381

Real Estate News

MARCH 28, 2024

NAR this week sent letters asking government lending agencies to allow buyers to finance agent compensation. Thursday, it started getting answers.

Lending 353

Lending Government Finance Agents 353

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.

Construction

Housing Wire

MARCH 26, 2024

Three agents formerly affiliated with Keller Williams Realty — Jerri L. Moulder, David L. Bueker and Robert E. Hill — have taken legal action against the real estate brokerage by filing three separate class-action lawsuits, Inman first reported on Tuesday. The lawsuits contest alterations made to Keller Williams’ profit-sharing program, with one of them seeking a court order to halt further payouts until the case concludes.

Brokerage 506

Brokerage Legal Agents Realty 506

Inman

MARCH 29, 2024

The Council of Multiple Listing Services, a trade group of about 225 MLSs, united with Northwest MLS on Wednesday to pen amicus briefs exposing alleged flaws in the DOJ's statement of interest.

Agents 202

Agents 202

Real Estate News

MARCH 27, 2024

State Farm, which stopped issuing new homeowner policies in the state last year, will no longer renew existing policies starting in July.

Insurance 343

Insurance 343

Housing Wire

MARCH 28, 2024

Florida is reckoning with a severe homeowners insurance crisis. The recent surge in both the frequency and intensity of hurricanes that have battered the state has prompted numerous insurers and reinsurers to exit the market , leaving Florida homeowners grappling with skyrocketing premiums and limited coverage options. According to the Insurance Information Institute , this exodus has resulted in Florida homeowners paying an average of nearly $4,000 a year in insurance , which is nearly three ti

Insurance 500

Insurance Design Marketing Legal 500

Appraisal Buzz

MARCH 25, 2024

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can discern the usage of the word as it was intended by the author. It can be easy to merely overlay our own current usages and connotations and miss the true meaning and intent of the author’s words.

Sellers 379

Sellers Appraisal Real Estate Buyers 379

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Inman

MARCH 29, 2024

Corcoran told Yahoo! Finance she doesn't believe the effects of the settlement will be as earth-shattering as many make them out to be, but that "the confusion it's causing is amazing.

Finance 202

Finance Buyers Inventory Realtors 202

Real Estate News

MARCH 23, 2024

The 30 broker-owned or hybrid MLSs not covered by NAR’s settlement agreement must decide whether to pay into a settlement fund, request mediation, or fight on.

318

318

Housing Wire

MARCH 25, 2024

Last week was a pretty strong week for all the housing numbers. New supply and sales numbers keep climbing — both weekly and over last year. Home prices had a slight increase this week across the board. What does this means for home prices this spring? As the data comes in each week this year, I’ve been more optimistic about home sales volume growth than for home-price growth.

New Listings 496

New Listings Inventory Contracts Sellers 496

Appraisal Buzz

MARCH 28, 2024

The national median payment applied for by purchase applicants increased to $2,184 in February, up 2.4% from $2,134 in January, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI). The index measures homebuyer affordability by tracking how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey.

Housing Market 370

Housing Market Mortgage Appraisal Marketing 370

Inman

MARCH 25, 2024

Robby Braun, partner at Cohen Milstein Sellers & Toll, addresses "misconceptions" about the NAR deal's impact and says Realtors who try to ignore the changes "will get left behind.

Realtors 201

Realtors Sellers Marketing Brokerage 201

Real Estate News

MARCH 26, 2024

A new report from Realtor.com looks at the cost gap between renting and owning and finds that many markets are now significantly more favorable to renters.

Marketing 299

Marketing 299

Housing Wire

MARCH 26, 2024

Mortgage rates rose this week as the yield on the benchmark 10-year Treasury note inched up. As of Monday, the yield on the 10-year U.S. Treasury note was about 4.25%, according to Tradeweb, up from 3.86% at the end of last year. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.16% on Tuesday, up from 7.07% one week earlier.

Mortgage 484

Mortgage Inventory Marketing 484

Appraisal Buzz

MARCH 25, 2024

The post Long as the dog likes me… appeared first on Appraisal Buzz.

Appraisal 370

Appraisal 370

Inman

MARCH 25, 2024

Premier Sotheby’s International Realty President and CEO Budge Huskey corrects the record on commissions — and the potential impact of the NAR settlement on buyers, sellers and agents.

Realty 200

Realty Sellers Agents Buyers 200

Real Estate News

MARCH 24, 2024

Criminals are using more sophisticated tactics and tools to defraud real estate professionals including brokerages and lenders.

Brokerage 288

Brokerage Tools Real Estate 288

Housing Wire

MARCH 27, 2024

The National Association of Realtors (NAR) urged the U.S. Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price.

Buyers 475

Buyers Real Estate Agent Inventory Real Estate 475

Appraisal Buzz

MARCH 25, 2024

Truv , a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier for mortgage lenders using Fannie Mae’s Desktop Underwriter (DU) validation service. After final approval, which is expected later this year, Truv’s consumer-permissioned platform will be able to obtain and transmit income and employment data through the DU validation service, the company says in a release.

Technology 370

Technology Mortgage Appraisal 370

Inman

MARCH 25, 2024

Coldwell Banker's recent survey reveals key insights into homebuyer and seller attitudes, offering guidance for real estate professionals.

Real Estate 200

Real Estate Sellers 200

Real Estate News

MARCH 23, 2024

Constantly reacting to real estate market whiplash — or industry-shaking news — takes a toll, and veteran agent Jill Leberknight suggests a different approach.

Agents 285

Agents Real Estate Marketing 285

Housing Wire

MARCH 26, 2024

Home prices maintained their upward trajectory in the opening month of the year. The S&P CoreLogic Case-Shiller U.S. National Home Price Index posted a 6% annual gain in January, up from a 5.6% gain in December , according to a report released Tuesday. It was the seventh consecutive month of annual price growth and the biggest increase since November 2022.

Buyers 461

Buyers Inventory Housing Market Realtors 461

Appraisal Buzz

MARCH 29, 2024

Mortgage rates decreased slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.79%, down from 6.87% last week, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the average rate for a 30-year was 6.32%. “Mortgage rates moved slightly lower this week, providing a bit more room in the budgets of some prospective homebuyers,” says Sam Khater, chief economist for Freddie Mac, in a statement.

Mortgage 367

Mortgage Inventory Appraisal Marketing 367

Inman

MARCH 25, 2024

You probably know Ryan Serhant and Josh Team pretty well, but how about the firm's female leaders who are helping to drive it to success?

Development 198

Development Brokerage Agents Marketing 198

Real Estate News

MARCH 25, 2024

The class action case, brought by a former Keller Williams agent, argues that the brokerage doesn’t have the right to retroactively alter the program.

Brokerage 281

Brokerage Agents 281

Housing Wire

MARCH 25, 2024

On the heels of the $418 million settlement recently announced by the National Association of Realtors (NAR), mortgage trade group Community Home Lenders of America (CHLA) has called on the U.S. Department of Veteran Affairs (VA) to expedite regulatory change that would allow veterans and active-duty service members to fund buyer’s broker commissions when purchasing a home with a VA mortgage.

Agents 460

Agents Real Estate Agent Real Estate Buyers 460

Appraisal Buzz

MARCH 27, 2024

In this week’s episode, host Hal Humphreys speaks with Toni Moss, CEO of AmeriCatalyst LLC and Speaker on Climate Change and its effects on the mortgage industry. Moss discusses her experience in the real estate industry, her research and findings on extreme climate conditions, and how these impact home insurance, mortgages, and real estate at large.

Mortgage 365

Mortgage Real Estate Insurance Appraisal 365

Inman

MARCH 26, 2024

One of the class-action suits seeks $250 million in damages while the other is asking the court for a preliminary injunction stopping Keller Williams from distributing profit share payments.

Agents 196

Agents Contracts 196

Real Estate News

MARCH 28, 2024

The company made the move after hearing from “numerous” privately owned companies involved in high-stakes lawsuits over commissions.

Real Estate 263

Real Estate Brokerage 263

Housing Wire

MARCH 26, 2024

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country.

Investors 459

Investors Marketing Inventory Real Estate 459