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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Government Insurance Mortgage Finance 508

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 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 334

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

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 493

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 195

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 202

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

Mortgage 482

Mortgage Inventory New Listings Marketing 482

George Dell

SEPTEMBER 6, 2023

Scope of Work is what you plan to do. It requires you to identify the problem and identify the work necessary. The goal of USPAP (Uniform Standards of Professional Appraisal Practice) is credibility. The appraiser should be “worthy of belief.” A measure of reliability or usefulness of the appraisal is not required. Editor’s Note: This […] The post EBV: A New Scope of Work?

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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 325

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.

Law 202

Law Investing 202

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.

Housing Market 476

Housing Market Mortgage Marketing Contracts 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 Real Estate Agent 195

Real Estate News

SEPTEMBER 6, 2023

The latest Black Knight Mortgage Monitor Report paints a bleak picture of housing affordability with “limited room for a rebound” anytime soon.

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Mortgage 321

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.

Realtors 200

Realtors Brokerage Agents 200

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.

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Contracts Inventory Buyers New Listings 468

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 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 317

Inman

SEPTEMBER 7, 2023

The Luxembourg-based real estate and mortgage services provider, which has slashed nearly 400 positions this year, raised $20.5 million in a February offering that it used to pay down debt.

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Real Estate Mortgage Technology 196

Housing Wire

SEPTEMBER 8, 2023

In the digital age, social media has — for better or worse — become an integral part of our lives, influencing how we perceive ourselves and others. For Gen Z Americans, accustomed to constant online connection, this influence extends beyond personal appearance and experiences. For their part, millennials are not only sharing photos and experiences but also comparing their achievements and possessions with their peers.

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Home Value Design Clients Investing 448

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 190

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 312

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.

Marketing 195

Marketing Brokerage Technology Real Estate 195

Housing Wire

SEPTEMBER 8, 2023

Revive has released a new tool named “Revive Vision AI” designed to assist real estate professionals in property valuation. This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. “Revive Vision AI” aims to provide a more precise value assessment than traditional automated valuation models (AVM) by analyzing property photos.

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Real Estate Agent Tools Real Estate Agents 448

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 167

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 306

Inman

SEPTEMBER 8, 2023

Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy.

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Inventory Mortgage Marketing 195

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.

Buyers 448

Buyers Agents Realtors Sellers 448

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 5, 2023

After a major real estate company reached a settlement in the Moehrl and Sitzer/Burnett cases, NAR said its commitment to defend itself remains unchanged.

Real Estate 306

Real Estate 306

Inman

SEPTEMBER 8, 2023

Amid massive leadership challenges, trainer and DEI expert Dr. Lee Davenport takes a deeper look at the "we" in NAR's "That's who we R" slogan and what it means to be a Realtor right now.

Realtors 192

Realtors Agents 192

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

Mortgage 448

Mortgage Contracts Inventory Buyers 448

Eyes on Housing

SEPTEMBER 8, 2023

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the second quarter of 2023 as interest rates continue to rise and financial conditions tighten. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions declined by 2.8% during the second quarter. The volume of loans declined by $2.9 billion for the quarter.

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Construction Insurance Development 103

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 306