Housing Wire

AUGUST 5, 2024

Fears of a recession in the U.S. sent shockwaves through financial markets around the world on Monday. The Dow-Jones dropped 1,000 points by 10:30 a.m. Eastern time, the NASDAQ lost up to 6% of its value and Japanese stocks suffered their biggest crash since 1987, with the Nikkei 225 stock index dropping 12.4%. The turbulence should benefit the U.S. mortgage market , which has already seen big interest rate declines in the past week following a Fed meeting that teased forthcoming cuts to benchma

Mortgage 498

Mortgage Marketing Insurance Loan Officers 498

Appraisal Buzz

AUGUST 9, 2024

A new report on the mortgage from Corporate Insight (CI) examines the loan origination experience from the perspective of actual borrowers, identifying new best practices, competitive gaps, and ways lenders can better serve consumers. The “ Lending Monitor: Mortgage Origination Study ” examines the loan origination experience using a consumer survey, in-depth interviews with active home buyers, and an examination of firm communications to identify the factors that influence lender selection and

Lending 418

Lending Buyers Tools Mortgage 418

Real Estate News

AUGUST 7, 2024

Barton and Jeremy Wacksman speak exclusively with Real Estate News about the leadership transition at the top of the influential home-search site.

Real Estate 313

Real Estate 313

George Dell

AUGUST 7, 2024

It’s easier to get paid if your service provides a real value. Old expectations, or new client expectations? Are you an “old way” appraiser? — or a “new way” appraiser? To see yourself, it may be good to observe what real value our appraisal customers want. The Old Way: Appraisal meant the customer had to […] The post Get Paid?

Clients 195

Clients Appraisal 195

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

AUGUST 4, 2024

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower? As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. So, after a softer jobs report, the question is: Can this level break and head back down to the key line in the sand I call the Gandalf line at 3.37%?

Mortgage 498

Mortgage Inventory New Listings Housing Market 498

Real Estate News

AUGUST 5, 2024

A Redfin survey found that younger buyers are more willing to sacrifice safety, and overall, proximity to amenities was lower on the list of must-haves.

Buyers 291

Buyers 291

Inman

AUGUST 6, 2024

The Consumer Federation of America also tells consumers not to agree to pay an agent just to see a home, but to sign a touring agreement with no financial obligation instead.

Agents 193

Agents Buyers Realtors Brokerage 193

Housing Wire

AUGUST 6, 2024

The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing. At HousingWire ‘s Mortgage Rates Center on Tuesday, the 30-year conventional loan rate averaged 6.8% — a new low point for 2024 that was just below the 6.83% figure to start the year.

Mortgage 493

Mortgage Government Tools Lending 493

Appraisal Buzz

AUGUST 5, 2024

A new analysis from Zillow has found that luxury home value growth has now outpaced appreciation on typical homes for five consecutive months. The typical luxury home—defined by Zillow as the most valuable 5% of homes in a given region—is worth about $1,620,000. Among the 50 largest U.S. metro areas, the typical luxury home ranges from a low of just under $750,000 in Buffalo to more than $5.3 million in San Jose.

Home Value 418

Home Value Inventory Buyers Marketing 418

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

Real Estate News

AUGUST 8, 2024

The 30-year mortgage fell to its lowest level since May 2023, which “should begin to pique their interest in making a move” — but buyers might not be ready.

Buyers 286

Buyers Mortgage 286

Inman

AUGUST 9, 2024

Cloud banking software provider maintains steady growth in consumer banking revenue, while reversing the decline in its main line of business of providing services to mortgage lenders.

Investors 189

Investors Business Mortgage Insurance 189

Housing Wire

AUGUST 6, 2024

Mortgage rates are dropping fast. Will potential homebuyers jump at newly cheaper payments? Or, will they wait to see if rates drop further before taking action? Mortgage rates are now the lowest they’ve been in over a year. Last year at this time, mortgage rates were rising, eventually peaking at 8% in October 2023. That late year rise in costs really slowed the housing market.

Mortgage 473

Mortgage Inventory New Listings Contracts 473

Appraisal Buzz

AUGUST 5, 2024

At this year’s Five Star Conference 2024 , the Mortgage Servicing Forum will bring together experts from the loss mitigation and compliance space to discuss the impact this market will experience in an uncertain election year. The Mortgage Servicing Forum will bring together top mortgage servicing executives and government representatives to discuss the challenges facing the industry, while charting the best path forward.

Mortgage 411

Mortgage Government Law Design 411

Real Estate News

AUGUST 7, 2024

The company reported strong Q2 numbers, noting that its rev share model and tech will continue to give it an edge, while “traditional models may struggle.

Agents 284

Agents 284

Inman

AUGUST 7, 2024

After five years back at the helm, Zillow Group co-founder Rich Barton steps down as CEO. Former COO Jeremy Wacksman takes the reins as the company charges past what Barton calls the "Portal 1.0" experience.

Technology 189

Technology Brokerage Agents Marketing 189

Housing Wire

AUGUST 7, 2024

The Real Brokerage isn’t tapping the brakes on its rapid expansion. During its second-quarter 2024 earnings call on Wednesday, the company said it added almost 3,000 agents from April through June, a 70% year-over-year rise and a 250% increase compared to Q2 2022. The ballooning agent count pushed brokerage revenue to $340 million, an 84% year-over-year improvement.

Brokerage 467

Brokerage Agents Technology Housing Market 467

Appraisal Buzz

AUGUST 9, 2024

For the third consecutive year, the U.S. is expected to set new records for apartment construction. By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. This is according to a new study from RentCaf e. Furthermore, 2024 will mark the first time in the history of apartment building in the U.S. that the total number of completed units will exceed the 500,000-unit mark.

Construction 397

Construction Development Business Marketing 397

Real Estate News

AUGUST 6, 2024

The Consumer Federation of America has rolled out new guidance and is discouraging the practice of paying agents based on a percentage of a home’s sale price.

Agents 278

Agents 278

Inman

AUGUST 6, 2024

Last week, the brightest minds in real estate converged at Inman Connect to set agents, brokers and MLS members straight on the finer points of the new rules taking effect in less than two weeks.

Real Estate 182

Real Estate Agents Realtors Brokerage 182

Housing Wire

AUGUST 6, 2024

UWM Holdings Corp. , the parent of United Wholesale Mortgage , has adopted a strategy that differs from its peers to take advantage of a business landscape that is expected to include lower mortgage rates and more refinance activity. The Pontiac, Michigan-based company has opportunistically sold mortgage servicing rights (MSRs) with higher coupons to deleverage its balance sheet and invest in the origination business — for example, by offering incentives on some refi loans.

Investing 463

Investing Mortgage Business Investors 463

Appraisal Buzz

AUGUST 8, 2024

The Single-Family Rental (SFR) inventory and days-on-market continue to climb gradually, according to HouseCanary, Inc. ‘s most recent National Rental Report , which rose by 16.7% and 15.4%, respectively. Trends observed in the southern states were the primary cause of the increases in both indicators. As a result, and in line with earlier data, the steady increase in days-on-market and inventory levels, along with the continued demand for rentals as an alternative to house ownership, led to a m

Inventory 397

Inventory Development Real Estate Tenants 397

Real Estate News

AUGUST 3, 2024

The jobs report was the biggest surprise, and it had an immediate impact on mortgage rates. Meanwhile, inventory continues to build.

Inventory 277

Inventory Mortgage 277

Inman

AUGUST 5, 2024

The MLS has been a leader in real estate innovation for over 30 years. Its brand, VestaPlus, is renowned for user-friendliness, customer service, and design in the MLS industry.

Design 182

Design Real Estate 182

Housing Wire

AUGUST 4, 2024

The Federal Reserve won’t pivot on rates until the labor market breaks and it will keep financial conditions as tight as possible until that happens — this has been my theme since 2022. Friday’s jobs report had one number which got people talking about a possible recession: the 4.3% unemployment rate. Now, historically speaking, that is a low unemployment rate, but it has moved up from the recent lows of 3.5%.

Transportation 457

Transportation Construction Marketing Contracts 457

Appraisal Buzz

AUGUST 8, 2024

The Mortgage Credit Availability Index (MCAI) , a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in July. In July, the MCAI increased by 3.3% to 98.1. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 396

Mortgage Government Lending Construction 396

Real Estate News

AUGUST 6, 2024

CEO Glenn Kelman says the company's lower-fee model will attract consumers who are now more aware of commissions: "We can use price as a weapon to gain share.

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271

Inman

AUGUST 3, 2024

NAR President Kevin Sears sat down at Inman Connect Las Vegas with Clelia Warburg Peters to talk about the trade group's past and future, including a return to advocacy and transparency.

Real Estate 182

Real Estate Brokerage Agents 182

Housing Wire

AUGUST 5, 2024

The global stock selloff that began overnight in Asia rolled through U.S. markets on Monday as the S&P 500 and the Dow Jones Industrial Average fell by 3% and 2.6%, respectively. While technology-sector darlings such as Nvidia and Apple got thumped the hardest, the real estate industry also took its fair share of lumps. But analysts believe that the sell-off, paired with a drop in interest rates, could produce mixed results for real estate.

Brokerage 454

Brokerage Marketing Real Estate Mortgage 454

Appraisal Buzz

AUGUST 7, 2024

A coalition of six industry and consumer trade groups have united to issue a new brief with recommendations on how to help combat the rise in deed fraud. According to the Federal Trade Commission (FTC) , fraud losses in 2023 cost U.S. consumers more than $10 billion, of which, $2.7 billion is attributed to imposter scams. Groups contributing to the “ What Is Deed Fraud?

Law 397

Law Real Estate Government Realtors 397

Real Estate News

AUGUST 8, 2024

Watch the conversation with industry icon Stefan Swanepoel on the “self-centered, arrogant” leaders in real estate, NAR’s missteps and opportunities ahead.

Real Estate 249

Real Estate 249

Inman

AUGUST 5, 2024

Just about one month after listing the property with Leonard Moens, Leonard Riggio's 1.7-acre oceanfront estate in Palm Beach has gone under contract.

Buyers 181

Buyers Contracts 181

Housing Wire

AUGUST 5, 2024

Seller impersonation fraud is on the rise. A study conducted by NDP Analytics found that 28% of title companies experienced at least one seller impersonation fraud attempt in 2023, and in April 2024 alone, 19% of firms experienced at least one of these attempts. The study, which was released on Monday, is based on a nationwide survey of 783 title companies.

Sellers 452

Sellers Training Real Estate Insurance 452