Housing Wire
MAY 28, 2024
It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. There are more homes on the market now than anytime since August 2020.
Appraisal Buzz
MAY 31, 2024
According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), homebuyer affordability declined in April due to rising interest rates and other costs increasing from a median $2,201 in March to a median $2,256, a $55 increase. The PAPI is calculated by measuring how new monthly mortgage payments vary across time—relative to income—using data from the MBA’s Weekly Applications Survey.
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Sacramento Appraisal Blog
MAY 29, 2024
Affording today’s housing market isn’t always so simple, which is why HOA fees aren’t easy to digest for some buyers. Today, I thought it would be cool to graph a few decades of association fees. I’ve never actually done this before, and while I know it’s total chaos, I think it’s also interesting. What are […] The post HOA fees are standing out in a bad way first appeared on Sacramento Appraisal Blog.
Real Estate News
MAY 31, 2024
The share of homes with price drops reached an 18-month high as sellers try to jumpstart buyer interest in stale listings, Redfin reported.
Housing Wire
MAY 30, 2024
Pending home sales sales dropped 7.7% in April compared to March as rising mortgage rates weighed on the market, according to data released Thursday by the National Association of Realtors (NAR). Year over year, pending transactions fell 7.4%. The NAR’s Pending Home Sales Index declined to 72.3 in April, down from 78.2 in March. All four U.S. regions reported decreases on both a monthly and yearly basis, with the Midwest and West experiencing the largest monthly declines.
Appraisal Buzz
MAY 31, 2024
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Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MAY 28, 2024
The latest Case-Shiller index reported another record high, with U.S. home prices increasing 6.5% year-over-year in March.
Housing Wire
MAY 25, 2024
The mortgage rate lockdown premise holds that very few people will list their homes when mortgage rates are this high, thus suppressing inventory. But 2024 has proven that theory wrong. 2024 has had healthy inventory growth despite mortgage rates above 7%. Also, for the third time this year, I have hit my target of weekly inventory growth between 11,000 -17,000, thus leading to more inventory than we saw in 2023.
Appraisal Buzz
MAY 31, 2024
Renters, a growing and sizeable portion of home dwellers, are staying put longer than ever according to a new report from Redfin as one in six renters (or 16.6%) stayed in their rental home, apartment, or condo for 10 or more years according to the most recent data available, which ends in 2022. That number of renters staying put for a decade or more increased from 13.9% in 2012.
Inman
MAY 25, 2024
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers.
Real Estate News
MAY 28, 2024
Recruiter Brent Gove has also been dismissed from the lawsuit involving allegations of sexual assault, while Michael Bjorkman’s motion to dismiss was denied.
Housing Wire
MAY 29, 2024
Northwest MLS , the largest multiple listing service in the Pacific Northwest, will not take part in the $418 million agreement reached by the National Association of Realtors (NAR) in the Sitzer/Burnett case. In fact, NWMLS said that its own rules on buyer agent compensation are fairer and more transparent than the terms NAR agreed to in March. It also criticized NAR for pushing “consumers and brokers to make secret deals off MLS, inviting deceptive practices, discrimination and unfair housi
Appraisal Buzz
MAY 25, 2024
Jogue Caça Niqueis Online no Lalabet Cassino Na tabela abaixo, você pode ver quais foram os ganhos máximos a partir de o começo para 2023 para operating system slots mais buscados da KTO. Quando se trata de números e odds com jogos de caça níqueis, é preciso saber como é a gestão da banca. Os jogadores que optam por jogar em caça níqueis clássicos recentes de graça vão notar que a maioria deles tem alguns recursos adicionais.
Inman
MAY 28, 2024
Compass Florida's No. 1 agent got into real estate at one of the worst times, right after the 2008 recession. But early sports training cultivated in him a dedicated work ethic that has allowed him to soar to great heights in his career.
Real Estate News
MAY 30, 2024
Watch the conversation with marketing pro Brian Boero as he imagines how NAR and the industry could — and should — be communicating with agents and consumers.
Housing Wire
MAY 30, 2024
A report released Thursday by Redfin showed that 6.4% of U.S. home sellers cut their asking prices during the four-week period ending May 26. That is the highest percentage since November 2022 and a potential sign that sale prices will soften in the coming months. The national real estate brokerage reported that the median asking price in the past week was $416,623, a weekly decline of about $3,000 and the first pullback in six months.
Appraisal Buzz
MAY 31, 2024
“99 ZEROS, AND ONE YES” Insurance Analyst Billy Saunders recalls the challenge like it was yesterday. Having heard about real estate appraising from a friend in the industry, Saunders decided to make the jump in 2021. He had no idea how daunting that leap would be. “I messaged 100 people on LinkedIn, and Jordan Chapman (RSDS Regional VP, San Diego) was the only one that messaged me back.
Inman
MAY 30, 2024
Sluggish homebuyer activity has pushed sellers to adjust their price expectations, according to Redfin's latest report. The median asking price declined for the first time in six months to $416,000.
Real Estate News
MAY 28, 2024
The organization is the first non-NAR MLS to announce its intentions, and it says keeping the compensation field provides more transparency for consumers.
Housing Wire
MAY 30, 2024
The U.S. Department of Veteran Affairs (VA) announced on Wednesday that it has called on mortgage servicers to extend the moratorium on foreclosures for VA-guaranteed loans through Dec. 31, 2024, while these companies implement a new program to help struggling veterans. The current moratorium, announced in November, was set to end on Friday. It was implemented amid complaints of veterans’ struggles because there was no program available to succeed a partial claim option offered during th
Appraisal Buzz
MAY 31, 2024
ACES Quality Management (ACES), which offers enterprise quality management and control software for the financial services industry, is partnering with Digilytics to provide ACES users access to Revel, an optical character recognition (OCR) technology powered by artificial intelligence (AI) and machine learning (ML). Digilytics’ technology helps streamline quality control (QC) reviews conducted using ACES Quality Management & Control software by automating document indexing and categorizati
George Dell
MAY 29, 2024
“Ya gotta show your work,” my third-grade teacher said. “But I got the answer right!” said I. “Ya gotta support your adjustments,” they say. “But I’m credible!” say I. Incredible. Why are we harangued to “support” our adjustments? Why are we sold one form after another of magical adjustment calculators? Another enchanted $129 class to […] The post Show Your Work?
Real Estate News
MAY 25, 2024
In a Bright MLS poll, most agents said they recently worked with a buyer who gave up on finding a home, but many still expect buyer activity to remain high.
Housing Wire
MAY 30, 2024
In March 2024, the national delinquency rate for residential mortgages stood at 2.8% for the third month in a row, up slightly from March 2023, according to the latest CoreLogic Loan Performance Insights report. The data provider examined all stages of delinquencies to gain a complete view of the mortgage market and loan performance health. Early-stage delinquencies (mortgages 30 to 59 days past due) accounted for 1.5% of all mortgages in February, up from 1.1% in March 2023.
Appraisal Buzz
MAY 31, 2024
HUD’s Office of Policy Development & Research (PDR) will be hosting hybrid panel discussions, Thursday and Friday, June 6-7 from 8:30 a.m.-4:00 Central on housing innovation. HUD’s “Innovative Housing Showcase Educational Sessions will feature individual breakouts on offsite construction, building codes, manufactured housing, decarbonization, zoning, public and multifamily housing, resilience, and finance.
Inman
MAY 30, 2024
Find out how this team leader went from hating real estate to becoming an award-winning broker with a focus on fostering the success of his agents.
Real Estate News
MAY 30, 2024
Starting in June, the field will include an option for payment of buyer agent fees, and updates coming in August will give sellers more flexibility.
Housing Wire
MAY 28, 2024
Home prices in the United States continued their upward trajectory in March, with the S&P CoreLogic Case-Shiller U.S. National Home Price Index recording a 6.5% annual gain, matching February’s growth, according to the latest report. Meanwhile, the U.S. National Index posted a month-over-month increase of 0.3%, while the 20-City and the 10-City Composite both reported month-over-month increases of 0.3% and 0.5%, after seasonal adjustment.
Appraisal Buzz
MAY 31, 2024
Dark Matter Technologies has enhanced the Loan Assumptions feature in the Empower loan origination system (LOS) to make it easier for mortgage lenders and servicers to transfer assumable mortgages to new homebuyers. The Empower LOS is the first mortgage loan origination system to announce native support for loan assumptions, a feat made possible by the system’s flexibility and robust mortgage servicing platform integrations, the company says in a release.
Inman
MAY 30, 2024
William Brown, who served as CEO of the company though 2018, is entitled to damages after Matterport prevented him from selling all of his shares when the company went public in 2021.
Real Estate News
MAY 25, 2024
Cassie Walker Johnson not only supports buyer contracts, she offers training on them: “This is the tool that will define your entire professional relationship.
Housing Wire
MAY 28, 2024
Mortgage rates kept sliding toward 7% as HousingWire ’s Mortgage Rates Center showed the average 30-year fixed rate for conforming loans at 7.25% on Tuesday, below the rate of 7.34% one week ago. At the same time one year ago, the average 30-year conforming rate was 6.8%. Meanwhile, the 15-year conforming fixed rate averaged 6.77% on Tuesday, up from 6.71% one week earlier.
Appraisal Buzz
MAY 31, 2024
Johnna Szegda has been promoted to vice president at Depth Public Relations , offering B2B marketing, public relations and reputation management services for technology companies within the residential mortgage finance, financial technology (fintech) and regulatory technology (regtech) industries. Szegda earned her bachelor’s degree in English from Georgia State University and, prior to joining Depth, held roles in community relations where strategic communications were a core skill.
Inman
MAY 28, 2024
These increasingly uncertain attitudes among agents in March were a departure from brokers, who were more likely to tell Intel that they still view the National Association of Realtors positively.
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