Housing Wire

SEPTEMBER 7, 2023

The Federal Housing Administration (FHA) on Thursday announced that it has issued a waiver to a requirement that FHA-approved lenders flag rejected loans in the FHA Connection (FHAC) system, an effort the agency says will improve access to government-insured mortgage financing for qualified borrowers. “FHA has determined that this flag does not improve risk management and is often why other lenders will reject an applicant even when that applicant might otherwise qualify for a loan,” the agency

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Sacramento Appraisal Blog

SEPTEMBER 7, 2023

There are more cash buyers right now. Bottom line. Well, technically. Today let’s unpack the housing market’s cash trend, some myths, and things to watch ahead. This post is designed to scroll by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale MLS Meeting 9/28/23 Yuba City Big Market Update (in Yuba City (details […] The post More cash buyers in today’s housing market first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

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Housing Market Buyers Marketing Design 384

Real Estate News

SEPTEMBER 5, 2023

The company and plaintiffs informed the judges that a preliminary settlement has been reached, ending two potentially damaging trials for Anywhere.

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Inman

SEPTEMBER 8, 2023

A July letter from Polsinelli, the outside counsel tapped to investigate misconduct at NAR's behest, found evidence of "creepy" and "disrespectful" behavior that, until now, had not been made public.

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Realtors Agents 206

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

SEPTEMBER 6, 2023

United Wholesale Mortgage (UMW) has enhanced its Safe Check program , which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. In some cases, the lender will provide a hard credit report at no additional cost to borrowers. The program was launched in October 2022 to provide brokers $10 single-bureau soft credit checks for conventional loans.

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Government Tools Investors Mortgage 475

Real Estate News

SEPTEMBER 6, 2023

“A lot of agents are going to make more money,” says CEO Tamir Poleg as Real reduces the threshold to move up in its rev share structure.

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Agents 307

Inman

SEPTEMBER 5, 2023

Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to "change its practices.

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Realtors Brokerage Agents 200

Housing Wire

SEPTEMBER 3, 2023

We had a crazy jobs week last week, with tons of data that the Federal Reserve was happy to see, but did those labor reports mean we’ve hit peak mortgage rates for 2023? Mortgage rates did fall, purchase application data rose and new listings data came back to trend. Weekly active listings rose by only 5,654 Mortgage rates went from 7.37% and ended the week at 7.08% Purchase apps rose 2 % week to week Mortgage rates and the bond market The 10-year yield and mortgage rates were wild last we

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Mortgage Inventory New Listings Marketing 476

The Appraiser Coach

SEPTEMBER 5, 2023

I once read a book called First Things First, by Stephen Covey. That phrase, “first things first,” prompted a lot of thought for me a little while.

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Inspection Advertising Business Government 195

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

SEPTEMBER 6, 2023

A new survey from Zillow found that more than 80% of homebuyers evaluate climate and environmental risks when considering where to live.

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Buyers 303

Inman

SEPTEMBER 5, 2023

Realtors are cancelling memberships, hounding local boards and organizing petition drives days after NAR resisted calls Thursday to censure Bob Goldberg for his handling of misconduct claims.

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Realtors Agents 200

Housing Wire

SEPTEMBER 5, 2023

Real estate giant Anywhere has reached a settlement agreement in two of the major class action antitrust lawsuits facing the housing industry. According to court documents filed on Tuesday, Anywhere Real Estate and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits.

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Real Estate Buyers Legal Realtors 448

Miller Samuel

SEPTEMBER 5, 2023

I joined my friend Barry Ritholtz of RWM and of The Big Picture on his Bloomberg Radio MIB podcast for the sixth time since 2014. Here's the transcript , book recommendations , and the podcast version! Here are the previous interviews from 2014 , 2016 , 2020 , 2021 and 2022. They are always fun, and Barry keeps the conversation interesting. My wife Cheryl was in the producer's booth, keeping me honest (and taking pictures).

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Business Mortgage Real Estate Appraisal 195

Real Estate News

SEPTEMBER 2, 2023

New construction homes and multifamily housing are on different tracks. Here’s why that matters, and what’s coming in the next year.

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Housing Market Inventory Construction Marketing 295

Inman

SEPTEMBER 5, 2023

New York City's law limiting short-term rentals went into effect on Tuesday. To offer stays of less than 30 days, hosts must stay in the unit with their guests.

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Law Investing 198

Housing Wire

SEPTEMBER 6, 2023

Despite a slight drop in mortgage rates last week, mortgage applications fell to their lowest level since December 1996. For the week that ended Sept. 1, mortgage applications dropped 2.9% from the prior week , according to data from the Mortgage Bankers Association. “Both purchase and refinance applications fell, with the purchase index hitting a 28-year low, as prospective buyers remain on the sidelines due to low housing inventory and elevated mortgage rates,” said Joel Kan, MBA’s vice pres

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Mortgage Contracts Inventory Buyers 446

Eyes on Housing

SEPTEMBER 7, 2023

According to the annual data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2022 (28%), followed by vinyl siding (26%), fiber cement siding (such as Hardiplank or Hardiboard (21%) and, brick or brick veneer (18%). Far smaller shares of single-family homes started last year had wood or wood.

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Construction 189

Real Estate News

SEPTEMBER 4, 2023

Most clients want to work with their agents again, but few do. Why? Because agents don't take full advantage of their CRM and stay in touch with past clients.

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Agents Clients 272

Inman

SEPTEMBER 4, 2023

President and CEO of Anywhere Brands Sue Yannaccone writes that this is the time for leaders to find and use their voices so that the industry reflects the values it promotes.

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Realtors Brokerage Agents 192

Housing Wire

SEPTEMBER 6, 2023

Anywhere Real Estate ’s settlement agreement in two class action antitrust lawsuits dealing with buyer broker compensation raises important questions about the future of buyer’s agency and how other defendants are viewing the fast approaching trials. Top of mind, of course, is what exactly the settlement agreements include, besides an agreement by Anywhere to pay a total of $83.5 million in damages for both the Moehrl and Sitzer/Burnett suits.

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Buyers Agents Realtors Sellers 443

Eyes on Housing

SEPTEMBER 8, 2023

According to the latest Survey of Construction (SOC), 42 percent of new single-family detached homes sold in 2022 were built on lots under 7,000 square feet, that is smaller than 1/16 of an acre. This is the highest share on record and reflects stark changes in the lot size distribution since the Census Bureau started tracking these series over 20.

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Construction 188

Real Estate News

SEPTEMBER 2, 2023

NWMLS CEO Tom Hurdelbrink says brokerage expansion is changing how MLSs operate, and lawsuits could spur an industry-wide “generational and tectonic shift.

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Brokerage 269

Inman

SEPTEMBER 6, 2023

Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November.

Mortgage 188

Mortgage Marketing 188

Housing Wire

SEPTEMBER 5, 2023

Buying and selling a home can be a confusing, intimidating process. From fine-tuning the initial listing to completing the mountains of paperwork needed for closing , homebuyers and sellers can find themselves juggling a wide range of issues. Real estate professionals can help by hosting educational workshops to help make the transaction easier. Here are 11 tips to make these workshops more effective. 1.

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Real Estate Sellers Buyers Clients 440

GoForrmz

SEPTEMBER 7, 2023

Take the hassle out of food safety training with modern tools Improving the safety training for your kitchen staff is always on the mind of restauranteurs and food processors alike, but during Food Safety Education Month, it’s a great time to review how you’re training your team. If prioritizing a food safety culture within your business is already a priority, innovative tools like digital forms can help you bring new and more efficient training to your team.

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Training Tools Business Modernization 147

Real Estate News

SEPTEMBER 8, 2023

On average, U.S. homeowners gained nearly $14,000 in equity since the beginning of the year, though equity is down slightly from last year's peak.

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Marketing 262

Inman

SEPTEMBER 8, 2023

Software review of Rechat, a full-featured app for tech-forward brokerages and teams that have a handle on how to capture their market.

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Marketing Brokerage Technology Real Estate 187

Housing Wire

SEPTEMBER 7, 2023

Mortgage rates peaked at 7.5% a couple weeks ago and are staying stubbornly high. Rising mortgage rates mean rising inventory as home buyer demand slows quickly. But home prices are staying pretty stable even though we can measure a slowdown in the number of homes getting offers. Most years, available inventory of unsold homes on the market peaks in August.

Contracts 437

Contracts Inventory Buyers New Listings 437

Eyes on Housing

SEPTEMBER 5, 2023

Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro areas. Multifamily market growth also fell in most areas of the country, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI).

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Construction Marketing Mortgage 146

Real Estate News

SEPTEMBER 7, 2023

The average rate on a 30-year loan settled at 7.12% this week, but a decline in mortgage applications suggests that “consumers are weary.

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Mortgage 261

Inman

SEPTEMBER 4, 2023

For real estate professionals specializing in the luxury segment, working with buyers overseas is an important part of our business — but it can also be challenging. Real estate practices can vary vastly between countries, and differences in customs, culture, language, and law can complicate the process even more. However, it doesn’t have to be overwhelming, as long as you focus on these 10 fundamentals.

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Buyers Law Real Estate Business 187

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept. 7, down from last week ’s 7.18%. By contrast, the 30-year fixed-rate mortgage was at 5.89% a year ago at this time.

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Housing Market Mortgage Marketing Contracts 434