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

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Construction Renovations Insurance Landlords 535

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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Realtors Agents Appraisal Housing Market 395

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.

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Buyers Mortgage 321

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.

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Law Realtors Brokerage 195

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.

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Inventory Mortgage New Listings Housing Market 535

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?

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Appraisal Valuation 195

The Appraiser Coach

MARCH 5, 2024

I talk a lot on this blog about change. That’s partly because so much change has happened just during my time as an appraiser. I’ve seen the advent of laser measuring, electronic forms, and most recently, remote appraisals. This industry is seemingly in an almost constant state of change! Change seems to be one of the only things we can expect to truly stick around.

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Appraisal Business Clients Inspection 195

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.

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Real Estate Agent Real Estate Agents Brokerage 105

Inman

MARCH 7, 2024

The prestigious award honors the most creative, innovative and strategic-thinking marketers within the real estate industry for 2024.

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Marketing Real Estate 193

Real Estate News

MARCH 7, 2024

Fourth-quarter revenue was up a whopping 89%, though net losses rose along with operating expenses.

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Agents 299

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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Mortgage 187

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.

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Lending Mortgage Buyers Government 514

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.

Real Estate 192

Real Estate Marketing Development Brokerage 192

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).

Real Estate 299

Real Estate 299

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.

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Inventory Mortgage Marketing 179

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%.

Marketing 511

Marketing Mortgage Transportation Insurance 511

Inman

MARCH 4, 2024

Recent luxury forecasts from Coldwell Banker and Christie's International Real Estate show optimism in the market, and plenty of demand for new technology. Intel examines their findings.

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Buyers Real Estate Technology Marketing 192

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.

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Mortgage Inventory 299

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.

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Appraisal Lending Investing Realtors 165

Housing Wire

MARCH 6, 2024

The title insurance and settlement services industry directly generated $30 billion of U.S. gross domestic product (GDP) in 2022, according to a report commissioned by the American Land Title Association that was published on Wednesday. Additionally, the report, conducted by Ernst & Young’s Quantitative Economics and Statistics (QUEST) team, found that the title industry was also directly responsible for 155,000 jobs , and $13 billion and wages and benefits for those employed in the industry

Insurance 508

Insurance Business Finance 508

Inman

MARCH 6, 2024

Fifty-six percent of consumers surveyed by Coldwell Banker said that price is the most important factor for them when choosing a home, compared to 50 percent who said location was most important, casting doubt on the seasoned advice that location is everything in homebuying.

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Buyers Inventory Brokerage Agents 190

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%.

Inventory 299

Inventory 299

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.

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Modernization Appraisal Valuation Appraisal Process 148

Housing Wire

MARCH 7, 2024

Buoyed by a rise in home prices , U.S. homeowners with mortgages saw their home equity increase by 8.6% year over year in fourth-quarter 2023. Homeowners saw an average increase of slightly more than $24,000 compared to Q4 2022, adding up to a collective gain of $1.3 trillion, according to CoreLogic ’s newest homeowner equity report. Net homeowner equity totaled more than $16.6 billion at the end of 2023.

Mortgage 501

Mortgage Real Estate 501

Inman

MARCH 2, 2024

Learn how to manage and control your time to avoid burnout and live a life that is meaningful, coaches Melanie Klein and Emily Bossert write.

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Agents 190

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.

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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

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Construction Inspection Design Technology 148

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.

Inventory 501

Inventory Sellers Buyers Real Estate 501

Inman

MARCH 4, 2024

The real estate conference season is heating up, as multiple real estate brands descend on Las Vegas to rally agents and brokers for what will undoubtedly be another challenging year. Century 21 is the latest brokerage to roll the dice in Sin City, with its annual One 21 Experience taking place in the Fontainebleau from Mar. 4 to 7.

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Brokerage Real Estate Agents Mortgage 189

Real Estate News

MARCH 2, 2024

Top broker moves to E&V Kirkland; Corcoran lands Espinal Adler Team in NYC, launches in Mass.; NY “Super Brokers” join Compass; The Agency open in Mexico City.

Brokerage 297

Brokerage 297

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.

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Construction 103

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.

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Housing Market Mortgage Development Buyers 497

Inman

MARCH 5, 2024

The mark of a great leader, Victoria Kennedy writes, is that they don't hoard power for themselves but empower others to build and grow their sphere of influence.

Real Estate 189

Real Estate Brokerage Agents 189

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.

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Sellers Inventory 290