Housing Wire
SEPTEMBER 22, 2024
Have we seen the bottom in mortgage rates for 2024 after a crazy roller coaster ride so far this year? My 2024 forecast had a mortgage rate range of 7.25%-5.75%. To get to the lower end of this range, we needed to see two things: the labor market getting softer and the mortgage spreads improving. This is the double-whammy impact, and that’s what has happened.
Appraisal Buzz
SEPTEMBER 25, 2024
The Federal Housing Finance Agency (FHFA) has announced that it will revisit its proposal to amend the Suspended Counterparty Program (SCP). The SCP regulation requires a regulated entity to report to FHFA if an individual or institution that it does business with has committed certain types of misconduct within the prior three years. It also authorizes FHFA to order its regulated entities to cease doing business or refrain from entering into new business with certain counterparties.
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Sacramento Appraisal Blog
SEPTEMBER 25, 2024
It’s a mess out there right now since the NAR lawsuit went into effect. Well, sort of. It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog.
Real Estate News
SEPTEMBER 23, 2024
A U.S. District Court judge has denied Move’s request for a preliminary injunction and questioned claims of “irreparable harm” to Realtor.com.
Housing Wire
SEPTEMBER 27, 2024
The majority of homebuyers are still expecting sellers to cover their agent’s compensation, according to The Real Brokerage ’s August 2024 agent survey. This comes even as the business practice changes outlined in the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement have been implemented across the country. Real conducted its survey between Aug. 30 and Sept. 15, recording the responses of roughly 300 agents across North America.
Appraisal Buzz
SEPTEMBER 27, 2024
The Federal Housing Finance Agency (FHFA) has announced the release of a new data visualization dashboard , an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. Powered by the Public Use Database (PUDB) of mortgage acquisitions by Fannie Mae and Freddie Mac (the GSEs), the dashboard is a more accessible way to view and understand data on multifamily mortgages.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
SEPTEMBER 27, 2024
The new law, which takes effect Jan. 1, allows agreements to be extended — but not automatically. It was created in response to the NAR settlement.
Housing Wire
SEPTEMBER 23, 2024
Seller repurchases of Freddie Mac mortgages rose by $430 million in the second quarter of 2024, a 29.1% increase from the first quarter, according to an analysis of public filings by Inside Mortgage Finance. By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5 million in noncompliant loans during the same period, a 27.7% decline from Q1 2024.
Appraisal Buzz
SEPTEMBER 23, 2024
With the 2024 Five Star Conference officially kicking off Tuesday at the Omni Hotel in Dallas , attendees got a jump-start on the festivities Monday by taking advantage of an array of educational opportunities presented by the Five Star Institut e. The all-day Broker Master Class got things underway, providing information needed to thrive as a broker in today’s market.
Inman
SEPTEMBER 21, 2024
With this week's half-percent rate cut from the Federal Reserve, agents are hoping sellers will finally get off the fence and loosen up some inventory to get the market moving.
Real Estate News
SEPTEMBER 21, 2024
Watch the conversation with Steve Brobeck — whose work has influenced commissions cases and DOJ investigations — as he shares concerns about industry practices.
Housing Wire
SEPTEMBER 26, 2024
The question from the housing industry after the Federal Reserve ’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin suggests that it is already happening. The company analyzed mortgage rate-lock data from Optimal Blue and found that locks have risen 68% this week compared to one month earlier.
Appraisal Buzz
SEPTEMBER 25, 2024
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage point. It was the first rate cut since the early days of the pandemic. In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. Federal Reserve Chair Jerome Powell finally provided the housing industry much needed relief by slashing rates for the first time in more than four years.
George Dell
SEPTEMBER 25, 2024
Appraisers are taught that there are three “approaches” to value. Follow the path, and you are safe. Standards, regulations, users, and peers all expect the “process” to be followed. Follow it, and you are safe. Appraisers are also harangued to be ethical and unbiased. Just be “impartial, independent, and objective.” No problem. Problem. Appraisers are […] The post Is Thinking Necessary?
Real Estate News
SEPTEMBER 25, 2024
Florida, North Carolina and Texas dominate a new report sizing up the top 10 markets for real estate investment.
Housing Wire
SEPTEMBER 26, 2024
Elevated mortgage rates have strained housing affordability for more than two years. With rates now falling — and more downward movement expected after the Federal Reserve ‘s recent interest rate cut — two new reports suggest that affordability is getting better too. The third-quarter 2024 housing affordability report from Attom says that falling mortgage rates, rising wages and slower home-price growth has made the expenses of buying and owning a home slightly more affordable.
Appraisal Buzz
SEPTEMBER 23, 2024
This article is written by Brent Bowen – author, CE instructor, and Chief Appraiser at Texas Valuation Professionals, Inc. His training webinar on Market Indexing for Appraisers: How to Master Market Condition Adjustments is coming up next Thursday, October 3rd. Click here to register. At breakfast this morning I noticed two things: 1) peanut butter is delicious, and 2) it can be a sticky mess.
Inman
SEPTEMBER 23, 2024
The American Real Estate Association's call to end NAR's pocket rule has drawn more than 2,000 signatures since Friday, according to group co-founder Jason Haber, a Compass agent.
Real Estate News
SEPTEMBER 26, 2024
While touring is up, mortgage purchase applications and pending sales are subdued. Inventory shows some promise but “extra stale” listings have increased.
Housing Wire
SEPTEMBER 23, 2024
In the real estate industry, referral fees have become a golden goose that stifles innovation, inflates the value chain, and ultimately harms both consumers and agents. Despite their prevalence, the current system is ripe for reexamination. The referral fee conundrum Referral fees are a familiar practice in real estate. Suppose someone with a real estate license identifies a potential homebuyer or seller.
Appraisal Buzz
SEPTEMBER 27, 2024
For some American families, a house in a tiny bucolic burgh might prove a less expensive option than putting down roots in a large city. But this widespread concept of idyllic and inexpensive “town and country” life is, in general, a myth, say experts, who published a new study to back that up. Researchers for LendingTree found home values in the country’s priciest micro politan areas (“towns” for the purposes of their report) rival those in the nation’s largest metros.
Inman
SEPTEMBER 24, 2024
Most homebuyers will continue to use an agent and most homesellers will continue to cover buyer agent commissions, writes broker-owner Eric Bramlett of Austin-based Bramlett Residential.
Real Estate News
SEPTEMBER 24, 2024
The brokerage platform also asked a judge to dismiss a copycat commissions lawsuit, saying it fails to prove Side conspired with anyone over agent compensation.
Housing Wire
SEPTEMBER 26, 2024
The American dream of homeownership is slipping away for many, as the gap between wages and home prices continues to widen. In the 1970s, home prices aligned more closely with income levels. Today, escalating real estate costs—particularly in high-cost areas—are pricing millions of Americans out of the housing market. One potential solution? Extending the traditional 30-year mortgage to 40 or even 50 years.
Appraisal Buzz
SEPTEMBER 27, 2024
In the DEI Table Talks that took place at the 2024 Five Star Conference & Expo, leaders in the industry were given a chance to engage in meaningful dialogues with experts committed to promoting diversity, equity, and inclusion (DEI) in their companies and the mortgage sector. DEI organizational structures are designed to encourage the equitable treatment and full participation of all persons, particularly those who have traditionally been underrepresented or susceptible to discrimination bas
Inman
SEPTEMBER 23, 2024
Sydney-based News Corp subsidiary REA Group has made a third bid for UK portal Rightmove. The company offered $8.1 billion for Rightmove on Monday — a 10 percent increase from its first offer.
Real Estate News
SEPTEMBER 27, 2024
Zillow adds information about flooding, wildfire and other climate risks to its listings; MetroList teams up with StreetWire to offer Home Value Lock.
Housing Wire
SEPTEMBER 27, 2024
A majority of U.S. veterans are not aware of the fact they can qualify for grants from the U.S. Department of Veterans Affairs (VA) to allow them to age in place, according to survey data from senior advocacy group AARP. Sixty percent of veterans who are 45 and older “are unaware that VA provides grant funding for home modifications , and almost a quarter of veterans say they need financial assistance to modify their homes to continue living there,” according to an article published by the VA.
Appraisal Buzz
SEPTEMBER 26, 2024
The 21 st Five Star Conference marked its final day on Thursday with the tradition of the Women in Housing Leadership Awards, an annual presentation recognizing the remarkable accomplishments of women executives working within the mortgage and housing industries. Following brief welcome remarks from Ali Haralson, President of Auction.com (which was Lead Sponsor of the luncheon), the ceremony was emceed by Jodi Gaines, CEO of Claims Recovery Financial Services.
Inman
SEPTEMBER 27, 2024
Ready to improve your knowledge and take on some new ideas? Marketing tech expert Stacie Kimberlain offers a list of essential books just right for the current market.
Real Estate News
SEPTEMBER 26, 2024
The new guide from the National Association of Realtors also explains how concessions (which can be used to pay an agent) differ from offers of compensation.
Housing Wire
SEPTEMBER 27, 2024
An explosive period for Denver’s multiple listing service (MLS) has come to an end, but an even more controversial one might be beginning. REcolorado announced on Friday that its sale to the Joseph Burks-owned entity MAZL has been finalized, three months after the two Realtor associations that previously owned the MLS fired the board of directors over an alleged breach of a confidentiality agreement.
Appraisal Buzz
SEPTEMBER 25, 2024
Many real estate agents encounter a variety of challenges throughout their career. This workshop is meant for those who are seeking strategies to boost their earnings. Discover how to invest in the proper chances to develop your real estate portfolio and learn how to leverage your existing abilities to tap into alternative cash streams. Experts who attend will have the opportunity to participate in conversations at round tables, discussing important issues and headwinds agents face.
Inman
SEPTEMBER 27, 2024
Joseph Burks bought the nation’s 16th-largest MLS on Friday, buying shares from Denver Metro Association of Realtors and South Metro Denver Realtors Association.
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