Housing Wire

APRIL 9, 2024

Baby boomers are exhibiting an overwhelming desire to age in place in their own homes, but their children — largely members of Generation X — are also making their desires felt by seeking out homes that can accommodate their needs as they get older, according to a recent report from the New York Times. Citing 2021 data from the Harvard University Joint Center for Housing Studies that showed 88% of adults 65 and older are aging in place, many members of the following generation — primarily born b

Buyers 506

Buyers Construction Realtors Housing Market 506

Appraisal Buzz

APRIL 8, 2024

The Dawn of a New Appraisal Era In the ever-evolving realm of technology, few innovations have garnered as much attention and promise as blockchain. Originally conceived as the underlying foundation for cryptocurrencies, blockchain’s potential extends far beyond digital currencies. One of its most intriguing applications lies in the domain of appraisals.

Technology 418

Technology Appraisal Valuation Supply Chain 418

Sacramento Appraisal Blog

APRIL 11, 2024

It’s been a pretty normal spring season so far, but if mortgage rates keep ticking up, that’s an x-factor in changing the feel of the market. Today, I have a big market update. This post is designed to skim by topic or digest slowly. UPCOMING SPEAKING GIGS: 4/11/24 Lindsay Carlisle Event (private) 4/25/24 HomeSmart iCare […] The post Wait, so rates aren’t going down now?

Design 369

Design Appraisal Marketing Mortgage 369

Real Estate News

APRIL 11, 2024

More than a quarter of consumers surveyed by Redfin don’t know how much their agent was paid, while nearly 20% weren’t sure who provided the compensation.

Agents 320

Agents Buyers 320

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

APRIL 8, 2024

The lack of affordable housing in the United States is well-documented in the nation’s urban markets, where it is contributing to the swelling ranks of the homeless. That same dire need for affordable housing for the least prosperous among us, however, also is a serious problem in rural America — home to nearly 70 million Americans. The U.S. Department of Agriculture (USDA) administers one of the main programs providing housing for low-income households in the rural stretches of this country — w

Tenants 485

Tenants Finance Construction Government 485

Eyes on Housing

APRIL 10, 2024

Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown in the year-over-year increase, shelter costs continue to put upward pressure on inflation, accounting for over 60% of the total increase in all items excluding food.

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208

Real Estate News

APRIL 8, 2024

The company reached the agreement in the Umpa case, the only major class action involving agent pay to name Real as a defendant.

Brokerage 294

Brokerage Agents 294

Housing Wire

APRIL 8, 2024

With the Easter holiday last week, data for housing inventory , new listings and the pace of new contracts started all took a breather from their growth pace. Each of those notched down from a week ago and compared to a year ago. This is a holiday effect and it should all be reversed back onto the year’s growth trend by next Monday’s report. Here’s how 2024 is shaping up: There are now more listings, more active inventory and more sales than a year ago.

Inventory 469

Inventory Contracts New Listings Sellers 469

Appraisal Buzz

APRIL 8, 2024

The percentage of U.S. consumers who say it is a good time to buy a home increased to 21% in March, up from 19% in February, indicating that they may be “adjusting their expectations for the housing market,” according to Fannie Mae’s most recent Home Purchase Sentiment Index report. There is, however, growing pessimism toward mortgage rates: Thirty-four percent of consumers believe mortgage rates will go up over the next 12 months, up from 32% in February, while only 29% of say they believe rate

Housing Market 390

Housing Market Marketing Mortgage Appraisal 390

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Real Estate

Inman

APRIL 11, 2024

United States property investors are putting the pedal to the metal and feeling optimistic despite a turbulent housing market.

Investors 207

Investors Housing Market Marketing Investing 207

Real Estate News

APRIL 9, 2024

A pair of new reports look at the role investors played in the housing market last year and offer insights into their current outlook and pain points.

Investors 292

Investors Housing Market Marketing 292

Housing Wire

APRIL 9, 2024

It’s an election year, and housing affordability appears to be a big concern for voters. So, it’s not surprising to see the administration and members of Congress announcing big-ticket legislative initiatives to boost homeownership — like a first-time homebuyer tax credit and the Neighborhood Investment Act to fix up older homes. The Community Home Lenders of America (CHLA) applauds these initiatives.

Sellers 459

Sellers Realty Insurance Realtors 459

Appraisal Buzz

APRIL 10, 2024

Fannie Mae is selling a pool of approximately 1,205 deeply delinquent mortgages totaling $221.9 million in unpaid principal balance (UPB) and a community impact pool (CIP) totaling approximately 52 deeply delinquent loans totaling $14.5 million in UPB. The CIP consists of loans geographically located in the New York area. CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned busines

Investors 363

Investors Buyers Design Business 363

Inman

APRIL 11, 2024

If you want to build the listing side of your business in the wake of the NAR settlement, Jimmy Burgess has 30 practical, actionable, doable strategies tailor-made for this moment.

Marketing 195

Marketing Business Realtors Brokerage 195

Real Estate News

APRIL 8, 2024

The NAR settlement will lead to better service and lower costs for homebuyers, new research from the Consumer Federation of America suggests.

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256

Housing Wire

APRIL 10, 2024

R New York , a brokerage boasting approximately 800 agents, has joined the American Real Estate Association , an alternative to the National Association of Realtors (NAR), according to The Real Deal. The American Real Estate Association’s membership increased by nearly 30% after the absorption of R New York members, bringing the total to roughly 3,800 members.

Real Estate Agent 451

Real Estate Agent Real Estate Agents Legal 451

Appraisal Buzz

APRIL 8, 2024

The average homebuyer credit score reached 737 in March, according to Optimal Blue’s Originations Market Monitor report. That’s an all-time high for the report, which was launched in 2018. The average credit score increase indicates that homebuyers are working harder on their credit scores in response to higher mortgage rates, tighter credit availability and stricter lending standards.

Lending 354

Lending Appraisal Mortgage Marketing 354

George Dell

APRIL 10, 2024

The second of our “foibles” in USPAP may be from that same paragraph on page (ii), noted last week. This paragraph effectively sets the mission statement for the Appraisal Foundation. The paragraph is titled: “ABOUT THE APPRAISAL FOUNDATION.” It states the AF provides “guidance on recognized valuation methods and techniques for all valuation professionals.

Valuation 195

Valuation Appraisal 195

Real Estate News

APRIL 8, 2024

At least seven complaints have been filed by former Keller Williams agents over reductions set to take effect on July 1.

Agents 245

Agents 245

Housing Wire

APRIL 6, 2024

Weekly housing inventory data — both active inventory and new listings — are prone to one-week moves that deviate from a trend, especially if people are going Easter egg hunting. So, the fact that active inventory and new listings data fell last week isn’t a big deal. Although I expect some of the weekly data to rebound next week as a result, growth in active and new listings is still trending slower than I thought would happen in 2024.

Inventory 450

Inventory New Listings Mortgage Housing Market 450

Appraisal Buzz

APRIL 10, 2024

Mortgage application volume inched up 0.1% on an adjusted basis during the week ended April 5, as the average rate for a 30-year mortgage increased to 7.01%, up from 6.91% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 10% compared with the previous week – which included the Easter holiday – and were up 4% compared with the same week one year ago.

Mortgage 352

Mortgage Appraisal 352

Inman

APRIL 8, 2024

As brokerages pivot to specialized training meant to empower buyer agents, new-home sales still provide plenty of opportunities for intrepid Realtors, development specialist Hana Cha writes.

Development 192

Development Training Brokerage Realtors 192

Real Estate News

APRIL 9, 2024

While consumers are feeling less enthusiastic about the direction of mortgage rates, they “appear to be moving past the hurdle of last year’s sharp jump.

Buyers 243

Buyers Mortgage 243

Housing Wire

APRIL 9, 2024

Lamacchia Realty is expanding its presence in the Pioneer Valley region of Massachusetts. On Monday, the independent brokerage announced that it had acquired Springfield, Massachusetts-based Sears Real Estate. Founded in 1971 by Paul Sears, Sears Real Estate is owned and operated by the family of current National Association of Realtors president Kevin Sears.

Realty 447

Realty Brokerage Real Estate Realtors 447

Appraisal Buzz

APRIL 11, 2024

There were 95,349 foreclosure filings on U.S. properties in the first quarter, an increase of 3% compared with the fourth quarter but down less than 1% compared with the first quarter of 2023, according to ATTOM. Looking just at March, there were 32,878 foreclosure filings during the month, down less than 1% compared with February and down 10% compared with March 2023.

Housing Market 351

Housing Market Appraisal Marketing 351

Inman

APRIL 8, 2024

These markets offer significant price appreciation and access to outstanding amenities, presenting a potential goldmine for agents. These include metro-adjacent homes and new front-running vacation destinations.

Agents 190

Agents Marketing 190

Real Estate News

APRIL 6, 2024

More than a dozen new offices for Real; The Agency expands in Texas and The Hamptons; ERA adds family-owned Colorado affiliate; Briko and iList join eXp.

Brokerage 229

Brokerage 229

Housing Wire

APRIL 8, 2024

Insurance companies are leveraging aerial images of homes to drop properties deemed too risky, according to a report by The Wall Street Journal. Consumer advocates are concerned that customers are not always able to challenge images that could be out of date or inaccurate. The increased use of aerial images also comes at a time when many home insurance carriers nationwide try to offload some risk from their property portfolios, sometimes leaving states altogether to recover from big underwritin

Insurance 447

Insurance Housing Market Marketing 447

Appraisal Buzz

APRIL 12, 2024

Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities (HMBS) program. Ginnie Mae’s new HMBS LMI disclosures cover active loans pooled from 2012 through the present time, the firm says in a release. This expansion continues Ginnie Mae’s work to enhance its securities disclosures, which began three years ago.

Investors 195

Investors Investing Government Finance 195

Inman

APRIL 11, 2024

Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week.

Brokerage 189

Brokerage Agents Marketing 189

Real Estate News

APRIL 12, 2024

The ruling leaves open the possibility of consolidation after settlements have concluded. But in the meantime, cases that had been on pause can move forward.

223

223

Housing Wire

APRIL 10, 2024

Mortgage rates shot up today as the CPI data came in just a bit hotter today — 0.1% more than estimates on a month-to-month basis. That’s not much, but it’s high enough to take away one of the rate cuts we expected in 2024. I view rate-cut pricing being tied more to the 2-year yield than the 10-year yield. Today, we saw a noticeable bounce in the 2-year yield.

Insurance 442

Insurance Marketing Mortgage Housing Market 442