Housing Wire
MARCH 2, 2024
The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Of course, I have a different view. My podcast partner, Editor in Chief Sarah Wheeler, disagrees, along with many others. You can see our debate on this topic here.
Sacramento Appraisal Blog
MARCH 5, 2024
A property in the Sacramento area had a whopping 147 offers as reported by the listing agent. This is a freakishly high number of offers, and I think there are some interesting layers here to talk about. Any thoughts? UPCOMING SPEAKING GIGS: 3/8/24 Redfin (private) 3/11/24 Yolo Association of Realtors (YAR only) 3/19/24 WCR Gold […] The post When a property gets 147 offers first appeared on Sacramento Appraisal Blog.
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Real Estate News
MARCH 7, 2024
Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.
George Dell
MARCH 6, 2024
Accuracy measures how close is a value to the true/actual value. Who cares? Accuracy is a professed desire of most users of valuation services. However, today’s conflicted regulations, legacy practices, and obsolete standards — do not have accuracy as a goal! The overarching goal of appraisal today is not “be accurate” — it is “be […] The post What is Appraisal Accuracy?
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 With construction projects becoming more complex, outdated processes are no longer sustainable.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.
Housing Wire
MARCH 7, 2024
The White House announced that President Joe Biden will call on lawmakers in the House of Representatives and the Senate to address a series of housing issues in his State of the Union address, which will be delivered to a joint session of Congress and televised nationally on Thursday night. In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional home
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
Real Estate News
MARCH 3, 2024
The winter dip in mortgage rates gave a boost to first-time buyers and home flippers, a new report shows. Whether that continues depends on the Fed.
Inman
MARCH 7, 2024
The prestigious award honors the most creative, innovative and strategic-thinking marketers within the real estate industry for 2024.
Housing Wire
MARCH 7, 2024
Steve Harney, founder of Keeping Current Matters and a force in real estate for four decades, died suddenly on Sunday, March 4, at age 68. “As we mourn the loss of Steve, we hold tight to the incredible impact he had on agents, our industry, and the fact that his legacy will live on at Keeping Current Matters. Steve’s vision, his principles and his passion for people will always be our compass.
Eyes on Housing
MARCH 7, 2024
Per the Mortgage Bankers Association’s (MBA) survey through the week ending March 1st, total mortgage activity increased 9.7% from the previous week, and the average 30-year fixed-rate mortgage (FRM) rate fell two basis points to 7.02%. The 30-year FRM has risen 22 basis points over the past month as rates remain right around seven percent.
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Real Estate News
MARCH 5, 2024
Realtor.com’s February housing report shows inventory rising, especially in the South, and availability of homes priced between $200k-$350k increasing by 20.6%.
Inman
MARCH 8, 2024
After five years and nearly 100,000 hours of work, the law firms are asking a federal court for $82 million of the proposed settlements to be paid by Anywhere, Keller Williams and RE/MAX.
Housing Wire
MARCH 3, 2024
First-time homebuyers made up 55% of agency purchase mortgages in 2023, according to Intercontinental Exchange (ICE) eMBS data, the highest such share in the 10 years ICE has been tracking the metric. A record 47% of government-sponsored enterprise (GSE) purchase loans in 2023 came from first-time homebuyers, a number that’s been trending gradually higher throughout the past decade.
Eyes on Housing
MARCH 5, 2024
Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual upward trend, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the fourth quarter of.
Real Estate News
MARCH 7, 2024
Products that just scratch the surface of what AI can do are giving real estate “a bad rap,” but there are ways to go deeper (without getting in too deep).
Inman
MARCH 8, 2024
Harney founded Keeping Current Matters in 2007 to help agents and homeowners prepare to navigate the coming financial crisis.
Housing Wire
MARCH 8, 2024
Everyone was waiting to see if this week’s jobs report would send mortgage rates higher, which is what happened last month. Instead, the 10-year yield had a muted response after the headline number beat estimates, but we have negative job revisions from previous months. The Federal Reserve ’s fear of wage growth spiraling out of control hasn’t materialized for over two years now and the unemployment rate ticked up to 3.9%.
Appraiserblogs
MARCH 6, 2024
The current system of bundling appraiser compensation with third-party fees can lead to confusion and frustration for both appraisers and consumers. In their letter to the ASC, NAR highlighted the importance of appropriate compensation for appraisers. They stated that fair and reasonable compensation is critical to attracting and retaining high-quality appraisers, as well as allowing them to invest in their skills and education.
Real Estate News
MARCH 7, 2024
Rates fell slightly this week, ending a four-week run of increases, and mortgage applications were up nearly 10%. Inventory and consumer sentiment are also up.
Inman
MARCH 7, 2024
Celebrating a decade in operation this year, the cloud-based brokerage saw revenue skyrocket by 89 percent in the fourth quarter and its agent count soar by 66 percent, according to earnings data on Thursday.
Housing Wire
MARCH 4, 2024
At HousingWire , we have a debate about whether home sellers will freeze up again this year as mortgage rates stay stubbornly high. We’ve had seller growth for 18 weeks in a row. I’ve previously been confident that trend will continue. A couple months ago, when rates were in the 6s still, I suggested that we could see 15% home sales growth this year.
GoForrmz
MARCH 6, 2024
Originally published on 12/03/2015 Why do thousands of construction and field service companies use GoFormz as their mobile form solution? In the ever-evolving landscape of construction and field service industries, the seamless incorporation of mobile forms has become a cornerstone for efficiency and productivity. As companies embrace technological advancements to streamline their operations, GoFormz provides diverse avenues for elevating your processes, whether it's by bolstering safety protoc
Real Estate News
MARCH 5, 2024
The home search rivals announced a syndication agreement allowing Zillow to be the exclusive provider of multifamily apartment listings on Realtor.com.
Inman
MARCH 6, 2024
If you want to raise your profile and stay top of mind in your chosen market, luxury consultant Chris Pollinger writes, it requires crafting an effective and recognizable brand identity.
Housing Wire
MARCH 8, 2024
Consumer sentiment toward housing inched higher for a third consecutive month as respondents feel increasingly optimistic about home selling conditions. Fannie Mae ’s Home Purchase Sentiment Index ( HPSI ), which tracks the U.S. housing market and consumer confidence to buy or sell a home, rose 2.1 points in February to 72.8. The full index is up 14.8 points from one year ago.
Appraiserblogs
MARCH 7, 2024
Mass Appraisal tend to exhibit a regressive nature… In the intricate landscape of real estate mortgage financing, the notion of appraisal waivers recently dubbed “Value Acceptance”, by the Government Sponsored Enterprises (GSEs), has stirred considerable debate. The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals.
Real Estate News
MARCH 8, 2024
A report from Zillow found that summer can be the most lucrative time to list, but low inventory means rate fluctuations can “make their own seasonality.
Inman
MARCH 8, 2024
Jimmy Burgess shares 15 agents, team leaders and trainers who can help you find the perfect mix of content to grow your Instagram channel.
Housing Wire
MARCH 8, 2024
In remarks made Thursday to the Senate Banking Committee this week, Federal Reserve Chair Jerome Powell said he expects some U.S. banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. According to reporting by multiple outlets, including The Hill , Powell indicated that the risk is tied to small and midsized banks, and there is no systemic risk to the banking sector posed by the potential collapse of major institutions.
Eyes on Housing
MARCH 6, 2024
Due to tightened monetary policy, the count of total job openings for the entire economy has trended lower in recent months. This is consistent with a cooling economy that is a positive sign for future inflation readings. The number of open jobs for the aggregate economy was relatively unchanged in January. In January, the number.
Real Estate News
MARCH 6, 2024
A Wall Street hedge fund manager is sounding the alarm on Zillow’s market dominance, suggesting that its revenue and traffic are at risk.
Inman
MARCH 7, 2024
California to use lottery system to allocate $220 million in "Dream for All" shared appreciation loans that cover down payments for first-time homebuyers.
Housing Wire
MARCH 6, 2024
Federal Reserve Chair Jerome Powell reiterated Wednesday that the central bank won’t be applying any cuts to benchmark interest rates until it’s sure that inflation is under control. In his prepared testimony to the House Financial Services Committee, Powell hinted at rate cuts “at some point this year” but kept the timing under wraps. Powell emphasized the Fed’s commitment to its dual mandate of bolstering employment and keeping consumer prices stable.
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