Appraisal Buzz

OCTOBER 8, 2024

Mortgage rates climbed in 44 U.S. states during the first half of 2024, leaving homebuyers anxiously awaiting relief. With the Federal Reserve beginning a series of interest rate cuts , the housing market is expected to see some improvement, but for now, homebuyers in most states continue to feel the squeeze. According to a new analysis from WalletHub , mortgage interest rates increased in all but six states from the first quarter to the second quarter of this year.

Mortgage 435

Mortgage Housing Market Buyers Marketing 435

Housing Wire

OCTOBER 8, 2024

A housing watchdog group has filed more than 100 complaints that target more than 200 defendants for allegedly discriminating against potential housing applicants who sought to use Section 8 housing vouchers to secure a dwelling. In 2019, California Gov. Gavin Newsom (D) signed a bill into law that bars “housing discrimination, including discrimination through public or private land use practices, decisions, or authorizations, based on specified personal characteristics, including source of inco

Brokerage 488

Brokerage Landlords Law Realty 488

Sacramento Appraisal Blog

OCTOBER 10, 2024

I get this question quite a bit. Why didn’t the appraiser add the square footage of the ADU to the main house? The idea is the accessory dwelling in the backyard should be lumped into the total square footage, and since it wasn’t, maybe the appraiser undervalued the property. Let’s talk about it. I have […] The post Why didn’t the appraiser add the ADU in the square footage?

Appraisal 345

Appraisal Marketing 345

Real Estate News

OCTOBER 10, 2024

The trade organization filed an official request with the high court today, asking for a review of an antitrust case that was ostensibly closed in 2021.

300

300

Appraisal Buzz

OCTOBER 11, 2024

Do rising mortgage rates necessarily trigger an economic recession or vice versa? With six of 10 distinct housing recessions since the 1970s preceding an economic recession (as determined by the National Bureau of Economic Research Business), it is tempting to answer, “yes.” But real estate economists say it’s not so simple. “Let’s not mistake correlation for causation,” said researcher and Deputy Chief Economist for First American Financial Corporation Odeta Kushi , who publishes quarterly anal

Housing Market 416

Housing Market Marketing Construction Real Estate 416

Housing Wire

OCTOBER 7, 2024

Despite additional challenges that may come with caring for an older person afflicted with dementia, both patients and their caregivers would prefer to age in place within the home of the patient. Both parties cite a desire to preserve the patient’s independence, and to avoid both concerning stories of congregate care facilities and the guilt that could come from transferring a loved one to a dedicated care center.

Finance 493

Finance 493

Real Estate News

OCTOBER 9, 2024

In the second of a 2-part series, NextHome CEO James Dwiggins warns of a greed-driven future if the CCP is eliminated, and shares a proposal for revising it.

269

269

Appraisal Buzz

OCTOBER 8, 2024

In wake of the Fed’s recent rate cut last month, hesitant Americans are becoming open to the idea of entering the market to begin their homebuying journey. However, people actually need homes to do so. There is a concerning housing shortage in the U.S., and while one of the primary drivers of today’s high housing costs—although it’s not always the case—is an overall lack of housing supply.

Home Value 418

Home Value Housing Market Marketing Investors 418

Housing Wire

OCTOBER 5, 2024

The Federal Reserve cut rates by 0.50% on Sept. 18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2% move lower since the highs of 2023 without rate cuts, as the bond market always gets ahead of the Fed. Since the Fed rate cut, we’ve also seen significant economic data lines beat estimates: housing starts, retail sales, industrial production, GDP and labor data all came in better than expected.

Mortgage 506

Mortgage Inventory New Listings Retail 506

Inman

OCTOBER 11, 2024

The Park City Board of Realtors informed the National Association of Realtors it would no longer require agents to comply with the pocket listing rule due to fear of litigation.

Realtors 184

Realtors Agents Realty Brokerage 184

Real Estate News

OCTOBER 9, 2024

President Susan Daimler reiterated the company's support for the Clear Cooperation Policy, and called private networks "terrible" for consumers and agents.

Agents 271

Agents 271

Appraisal Buzz

OCTOBER 10, 2024

In its September 2024 Market Advantage mortgage statistics report, Optimal Blue revealed that rate-and-term refinancing activity increased by 50% month-over-month (MoM) as recent homebuyers seized the chance to reduce their interest rates and mortgage payments. Even though the Federal Open Market Committee (FOMC) reduced its target federal funds rate by 50 basis points on September 18, the market had already factored in some of the rate drop, which resulted in a month-long surge in refinancing a

Mortgage 395

Mortgage Marketing Appraisal 395

Housing Wire

OCTOBER 10, 2024

Ongoing supply and affordability challenges in the housing market have frustrated many homeowners who have looked to trade up or relocate for various reasons. In response, some consumers have turned to renovation projects to meet their needs. According to survey data released this week by St. Louis-based Clever Real Estate , 63% of homeowners would rather remodel their current home than move to one that has already been fixed up.

Renovations 451

Renovations Advertising Housing Market Lending 451

Inman

OCTOBER 10, 2024

While no agent is perfect, we should all continually strive for excellence, no matter where we are in our journey as an agent from brand new to very experienced, broker Cara Ameer writes.

Agents 180

Agents 180

Real Estate News

OCTOBER 11, 2024

A decision by Park City Realtors could signal a shift in local associations’ willingness to abide by NAR policies, and comes as the CCP debate intensifies.

Realtors 244

Realtors 244

Appraisal Buzz

OCTOBER 7, 2024

As news continues to break in the aftermath of Hurricane Helene, Redfin polled U.S. residents aged 18-34 to gauge migration patterns in the wake of the storm. The poll found that 32% of U.S. residents aged 18-34 said they would reconsider where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene. That compares to 15% of respondents aged 35 and older.

Insurance 418

Insurance Business Appraisal 418

Housing Wire

OCTOBER 11, 2024

Brokerages are scrambling to adapt to the post-settlement landscape of real estate, and more of them are turning to the same method for growing their headcount — acquiring new teams. The addition of teams is an efficient way for major brokerages to bolster agent counts and boost sales volumes on their income statements. But a new survey reveals diversity in the ways that teams are structured and how they produce different outcomes.

Real Estate 430

Real Estate Brokerage Legal Agents 430

Inman

OCTOBER 10, 2024

Reports send mixed signals on the economy, with CPI showing prices rose more sharply than expected in September and jobless claims surging to highest level in more than a year.

Mortgage 177

Mortgage Marketing 177

Real Estate News

OCTOBER 11, 2024

A recent survey found that many agents are not satisfied with local association services and find MLSs less relevant in light of new industry rules.

Agents 251

Agents 251

Appraisal Buzz

OCTOBER 9, 2024

With more and more programs addressing the needs of middle-income renters—those earning between 60% to 120% of the area median income (AMI)—Harvard University’s Joint Center for Housing Studies decided to dive deep to discover who these renters are, the challenges they face, and the services they need, recently publishing the paper “ Subsidizing the Middle: Policies, Tradeoffs, and Costs of Addressing Middle-Income Affordability Challenges.

Bracketing 397

Bracketing Design Insurance Investing 397

Housing Wire

OCTOBER 11, 2024

The real estate industry is currently divided over the National Association of Realtors’ Clear Cooperation Policy, but one local Realtor association and MLS has decided to move beyond just voicing an opinion. In an email sent to members on Oct. 3, Utah-based Park City Board of Realtors (PCBR) announced that it would no longer be enforcing the clear cooperation rule, as first reported by Inman News.

Realtors 430

Realtors Legal Agents Real Estate 430

Inman

OCTOBER 11, 2024

While repping their former marital home, Alyssa Morgan presented her ex, John Jansheski, with a $70 million offer, which he declined. Several months later, he accepted a $57 million offer from the same buyer after he had assigned a new listing agent.

New Listings 172

New Listings Agents Buyers Mortgage 172

Real Estate News

OCTOBER 8, 2024

In the first of a 2-part series, NextHome CEO James Dwiggins explains the history of NAR’s policy and warns of the legal consequences of eliminating it.

Legal 262

Legal 262

Appraisal Buzz

OCTOBER 11, 2024

The U.S. Department of Housing & Urban Development (HUD) follows up their record-setting $16 billion in federal funding and investments in Historically Black Colleges and Universities and $138 million in awards grants for 18 state housing agencies to create affordable homes and expand support services for adults living with disabilities by expanding its counseling services, forming a new partnership with Zillow to attract the next generation of homebuyers, and issuing a new final rule allowi

Transportation 370

Transportation Advertising Modernization Design 370

Housing Wire

OCTOBER 10, 2024

If there was any doubt that the Federal Reserve’s half-point interest rate cut was the right move, those doubts are fading, and there’s reason to support another cut in the coming months. That’s because the U.S. Bureau of Labor Statistics’s Consumer Price Index (CPI) for September fell by 0.1 percentage points compared to August and sits at a measured 2.4% year-over-year.

Mortgage 441

Mortgage Marketing Sellers Housing Market 441

Inman

OCTOBER 9, 2024

The entrepreneur and founder of Inman Group gets why people don't want to stand out. But there's also risk in letting dreams go unfulfilled, he told the audience at an Inman real estate conference in Austin.

Real Estate 176

Real Estate Real Estate Agent Agents 176

Real Estate News

OCTOBER 8, 2024

Three major Texas MLSs — Unlock, HAR and SABOR — agree to share data; REcore unveils new compliance product for buyer agents; Stellar subsidiary goes global.

Buyers 238

Buyers Tools Agents 238

Appraisal Buzz

OCTOBER 11, 2024

Ginnie Mae and the U.S. Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. This event will explore the intersection between liquidity for mortgage lenders, servicers, and mortgage-backed securities Issuers, and the preservation of borrowers’ access to affordable credit throughout the economic cycle.

Mortgage 369

Mortgage Marketing Finance Retail 369

Housing Wire

OCTOBER 9, 2024

Heading into Aug. 17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. What few actually considered, though, was what would happen when a buyer went from looking at a property to making an offer.

Buyers 451

Buyers Sellers Agents Contracts 451

Inman

OCTOBER 9, 2024

In this exclusive video series on Inman, Windermere’s Principal Economist Jeff Tucker illuminates the latest stats, reports and numbers you should know. This week: The latest employment numbers.

Agents 176

Agents Marketing 176

Real Estate News

OCTOBER 7, 2024

Tether RE takes top spot in T3 Tech Summit Pitch Battle, DropOffer launches platform for off-market deals, Rayse platform goes live in 200 brokerages.

Agents 227

Agents Brokerage Marketing 227

Appraisal Buzz

OCTOBER 8, 2024

Consumer confidence in the housing market increased in September, as per Fannie Mae’s Home Purchase Sentiment Index (HPSI), which rose to a score of 73.9, the highest in two years. The share of survey respondents who say it is a good time to buy a home increased 2 percentage points (19%) in September compared with August, while the percentage who say it is a bad time to buy decreased from 83% to 81%.

Housing Market 397

Housing Market Marketing Mortgage Appraisal 397

Housing Wire

OCTOBER 10, 2024

Real estate data provider CoreLogic is unveiling a new artificial intelligence -powered property and location intelligence platform. The California-based company is launching the Araya platform, according to an announcement on Tuesday. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.

Real Estate 438

Real Estate Tools Loan Officers Legal 438

Inman

OCTOBER 7, 2024

Sellers in the Gibson class-action suit filed objections Thursday to the dollar value of the proposed settlements, which include deals with Compass, Redfin and The Real Brokerage, among others.

Brokerage 179

Brokerage Sellers 179