Housing Wire

JULY 10, 2024

With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week , and now the FHFA National Mortgage Database Aggregate Statistics , we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as the economy perhaps finally slows and even as mortgage rates stay higher for longer than anyone expected, the housing market remains buoyed by an incredible cushion of very strong borrowers.

Inventory 533

Inventory Housing Market Mortgage Marketing 533

Appraisal Buzz

JULY 10, 2024

The Consumer Financial Protection Bureau (CFPB) has proposed new rules to simplify the process for homeowners to get help when struggling to pay their mortgage. “ Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties ,” if finalized, would require mortgage servicers to focus on helping borrowers, not foreclosing, when a homeowner asks for help.

Mortgage 448

Mortgage Home Improvement Government Investors 448

George Dell

JULY 10, 2024

Bias is an important topic right now. So what are we really talking about? Is someone right? And others wrong? Again, so much divisiveness today is the result of misunderstanding, and the tendency to believe whatever supports your prior opinion. I have heard: Appraisers are biased (meaning racially biased). Appraisers are not biased, so stop […] The post Bias or Unbias?

Appraisal 367

Appraisal 367

Real Estate News

JULY 8, 2024

Bucking industry trends, consumer sentiment is at the highest level in more than two years, according to Fannie Mae’s latest survey.

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 With construction projects becoming more complex, outdated processes are no longer sustainable.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

JULY 11, 2024

Mortgage rates are falling today as the CPI inflation data came in lighter than anticipated. The shelter side of the equation was a big help in today’s report. The financial markets’ dynamism was evident in the immediate reaction to the 10-year yield, which had a waterfall dive to a key critical level of around 4.20%, as shown below. With the labor market showing signs of softening and the Federal Reserve expressing concerns, the possibility of our first-rate cut in 2024 looms.

Mortgage 467

Mortgage Marketing Housing Market 467

Inman

JULY 9, 2024

The publicly traded real estate brokerage reached the milestone on its 10th anniversary and set its sights on a closing-bell celebration at the Nasdaq exchange Tuesday afternoon.

Real Estate Agent 202

Real Estate Agent Real Estate Brokerage Agents 202

Real Estate News

JULY 12, 2024

So much for that housing market recovery everyone was expecting. Builders and boomers could provide bright spots, but what about the NAR settlement?

Housing Market 268

Housing Market Marketing 268

Housing Wire

JULY 8, 2024

Nationally, the housing market indicators have been slow for several months now. There have been a few markets; however, that have defied the national trends where inventory has stayed tighter and demand keeps rolling in. Available inventory of unsold homes in the U.S. is 40% more now than last year, but some markets are just now starting to lift beyond the pandemic lows.

Inventory 468

Inventory Contracts Sellers New Listings 468

Appraisal Buzz

JULY 9, 2024

The number of homes currently for sale increased for an eighth consecutive month in June, rising by 36.7% year-over-year, according to Realtor.com June housing data. The median home also spent 45 days on the market, an increase of two days over the previous year. The market is trending slightly in the direction of becoming more buyer-friendly thanks to these factors.

Housing Market 418

Housing Market Buyers Marketing Inventory 418

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

Inman

JULY 12, 2024

The California Association of Realtors says even though offers of compensation among brokers remain legal, members and their clients should not rely on "historically common practices.

Legal 193

Legal Realtors Clients Buyers 193

Real Estate News

JULY 12, 2024

The typical agent had fewer transactions and less income last year, NAR found, but that’s not stopping newcomers from joining — and old pros are doing well.

Agents 259

Agents 259

Housing Wire

JULY 6, 2024

Now that we are halfway through the year, we can see that active inventory in America is growing, unlike what happened in 2023. This is precisely what the doctor ordered for the housing market. In March of 2022, we only had 240,000 active single-family homes available for sale, leading me to call the housing market savagely unhealthy as we simply had too many people chasing too few homes.

Housing Market 465

Housing Market Mortgage Inventory Marketing 465

Appraisal Buzz

JULY 8, 2024

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Mortgage 409

Mortgage Construction Marketing Finance 409

Inman

JULY 9, 2024

The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank.

Real Estate 193

Real Estate Real Estate Agent Agents Brokerage 193

Real Estate News

JULY 10, 2024

Supply is well above last year’s levels, but lower mortgage rates will be key to luring buyers into the market.

Inventory 253

Inventory Buyers Mortgage Marketing 253

Housing Wire

JULY 12, 2024

A survey of mortgage default servicing leaders revealed that foreclosures are expected to rise slowly during the second half of 2024, while ample amounts of home equity should keep many properties in loss mitigation from moving into foreclosure status. Auction.com , a marketplace for distressed home sales, released its 2024 Seller Insights report on Friday.

Property Taxes 455

Property Taxes Mortgage Insurance Government 455

Appraisal Buzz

JULY 11, 2024

The Mortgage Credit Availability Index (MCAI), a survey from the Mortgage Bankers Association (MBA) that examines information from ICE Mortgage Technology, indicates that mortgage credit availability rose in June. In June, the MCAI increased by 1.0% to 95.0. While increases in the index point to looser credit, a decrease in the MCAI suggests tighter lending requirements.

Mortgage 397

Mortgage Government Lending Technology 397

Inman

JULY 12, 2024

Stay ahead of the market with Chris Pollinger's top 6 luxury real estate trends of 2024. Learn what luxury clients are seeking and how to cater to their discerning taste.

Real Estate 188

Real Estate Clients Marketing Real Estate Agent 188

Real Estate News

JULY 11, 2024

Mortgage rates dipped this week, and the latest inflation and jobs data increase the chance of a rate cut in September.

Mortgage 250

Mortgage 250

Housing Wire

JULY 9, 2024

Fast-growing firm The Real Brokerage is celebrating its 10 th anniversary by announcing that it has surpassed 20,000 agents. In an announcement on Tuesday, the firm said it has added roughly 1,000 agents per month throughout the first half of 2024. “I can’t tell you what an amazing feeling it is to reach this milestone. Thank you to our agents and Real employees who come to work each day committed to creating a different type of real estate experience.

Brokerage 443

Brokerage Agents Real Estate Realty 443

Appraisal Buzz

JULY 11, 2024

ATTOM Data has released its Midyear 2024 U.S. Foreclosure Market Report which shows that 117,431 residential properties had some sort of foreclosure filing against them—be it a default notice, an auction, or a bank repossession—during the first six months of the year. The 117,000-some-odd adverse actions that were taken during the first half of the year is down 4.4% from the same time period last year but is up 7.8% from two years ago.

Real Estate 396

Real Estate Housing Market Marketing Appraisal 396

Inman

JULY 8, 2024

Change can be a scary word. For many of us, it conjures the image of something sudden and unexpected, a situation we weren’t prepared to face, an environment we aren’t comfortable with.

Real Estate 189

Real Estate 189

Real Estate News

JULY 9, 2024

BBB’s ad division sides with Realtor.com challenges to Homes.com traffic claims — the latest twist in the hard-fought battle for the No. 2 spot in home search.

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246

Housing Wire

JULY 10, 2024

Accessory dwelling units (ADUs) have a lot of potential for aging in place, as evidenced by their growing popularity and statements from private companies and public officials alike that emphasize their utility for housing seniors. In one recent instance highlighted by the Los Angeles Times , one family turned to an ADU after finding limited options and is poised to see a loved one live in a modern, age-appropriate setting.

Mortgage 435

Mortgage Tenants Construction Landlords 435

Appraisal Buzz

JULY 11, 2024

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Design 396

Design Government Investors Technology 396

Inman

JULY 7, 2024

As a real estate agent, your reputation can make or break your business. Christy Murdock shares seven things that can significantly damage your professional image and what you can do to avoid them.

Real Estate Agent 188

Real Estate Agent Real Estate Agents Business 188

Real Estate News

JULY 12, 2024

Settlement details and dates have been set for Compass, Real, Douglas Elliman, Realty One and @properties, but NAR hit a roadblock in its fight with the DOJ.

Brokerage 245

Brokerage Realty 245

Housing Wire

JULY 8, 2024

These brokerage firms and leaders are changing the game in real estate. Every year, RealTrends chooses GameChangers based on five-year, transaction side percentage data from the RealTrends Verified 500. This year, we chose seven independent brokerage firms and 10 franchises who grew their businesses at astronomical rates. United Real Estate topped the charts with 727% growth.

Brokerage 428

Brokerage Real Estate Agents Contracts 428

Appraisal Buzz

JULY 8, 2024

According to a brief report from Redfin News, pending home sales posted their biggest decline since February in June of this year—good news for prospective buyers as there are more new listings to choose from, and monthly housing payments are down around $100 from their peak in April due to declining, but still relatively high, mortgage rates. While Redfin did not post an in-depth analysis of this news this news cycle, they did still report the latest housing market data via charts and graphs.

New Listings 397

New Listings Housing Market Buyers Mortgage 397

Inman

JULY 9, 2024

In his six months as president, Sears has racked up time in Washington with the DOJ, focused on the trade organization's future and traveled — a lot. He shared his takeaways with Inman ahead of ICLV.

Realtors 186

Realtors Brokerage Agents 186

Real Estate News

JULY 9, 2024

Eric Elfman took the helm at the proptech giant in June and is ready to take on competitors, go deeper with AI and “get back to customer-centricity.

Real Estate 243

Real Estate 243

Housing Wire

JULY 9, 2024

Mortgage rates held steady over the past week despite recent signs of relief from the labor market, according to HousingWire’s Mortgage Rates Center. In large part because of the lack of clarity as to when the Federal Reserve will begin cutting the benchmark rate, mortgage rates remained above the 7% level. The average 30-year rate for conforming loans sat at 7.11% on Tuesday, unchanged from one week ago.

Mortgage 421

Mortgage Marketing 421