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 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 476

Renovations Advertising Housing Market Lending 476

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 382

Appraisal Marketing 382

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.

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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 418

Housing Market Marketing Construction Real Estate 418

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 459

Real Estate Tools Loan Officers Legal 459

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.

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Agents 299

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 11, 2024

CoreLogic’s risk index rose 8.3% in the past year, driven by more cases of identity and transaction fraud New data shows that cases of fraud among mortgage applicants is on the rise — an eye-raising trend as demand from borrowers remains relatively quiet. The CoreLogic Mortgage Application Fraud Risk Index jumped by 8.3% year over year in the second quarter of 2024.

Mortgage 516

Mortgage Lending Insurance Real Estate 516

Inman

OCTOBER 10, 2024

The American Real Estate Association is looking for those 'fined or otherwise harmed' by the National Association of Realtors' pocket listing rule and are interested in "collective action.

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Agents Realtors Real Estate 191

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.

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Agents 299

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.

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Insurance Business Appraisal 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 511

Mortgage Inventory New Listings Retail 511

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 187

Agents 187

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 289

Buyers Tools Agents 289

Appraisal Buzz

OCTOBER 7, 2024

With some of the highest growth in active listings since before the pandemic, Florida dominates Realtor.com’s latest list of “ 10 easiest housing markets for homebuyers.” Price corrections after pandemic overheating contributed to cities such as Punta Gorda, Florida’s placement at number two, according to Hannah Jones, Economist for the real estate website.

Inventory 417

Inventory Housing Market Buyers Construction 417

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 501

Finance 501

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 186

Mortgage Marketing 186

Real Estate News

OCTOBER 7, 2024

The deal, which is not yet final, came in a Georgia case but covers similar lawsuits over agent compensation.

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Agents 290

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 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 497

Brokerage Landlords Law Realty 497

Inman

OCTOBER 7, 2024

The brokerage was the third-largest by sales volume in 2022 and one of a relative few holdouts who had yet to settle lawsuits targeting the old status quo for real estate commissions.

Brokerage 187

Brokerage Real Estate Agents 187

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 279

Realtors 279

Appraisal Buzz

OCTOBER 8, 2024

Legal League , the premier professional association of financial services law firms in the U.S. driving progress in the mortgage servicing industry, has announced the reelection of two members to its Advisory Council. Anthony Van Ness , Founder and Managing Partner of Van Ness Law Firm, and Roy Diaz , Managing Shareholder of Diaz Anselmo & Associates PA have been reelected to the Legal League’s Advisory Council.

Legal 397

Legal Law Training Real Estate 397

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 448

Real Estate Brokerage Legal Agents 448

Inman

OCTOBER 7, 2024

Zillow recently surveyed over 5,000 buyers and 6,200 sellers to capture important information for our first annual Consumer Housing Trends Report for Agents.

Sellers 187

Sellers Agents Buyers 187

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.

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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 9, 2024

Homelessness is an escalating problem for the growing number of U.S. seniors, according to a new report from the Government Accountability Office (GAO) based on data from the U.S. Department of Housing and Urban Development (HUD). An estimated 138,000 older Americans — those 55 and older — experienced homelessness on a single night in 2023, according to HUD data.

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Government Development Finance 474

Inman

OCTOBER 11, 2024

Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same.

Business 184

Business Mortgage Technology 184

Real Estate News

OCTOBER 9, 2024

Zillow’s latest trends report finds that, despite turbulence in the market, consumer traits and preferences are fairly stable — with some key exceptions.

Buyers 278

Buyers Marketing 278

Appraisal Buzz

OCTOBER 7, 2024

Consumers expressed strong levels of optimism in the survey regarding a drop in mortgage rates over the next year, which helped the Fannie Mae Home Purchase Sentiment Index (HPSI) to rise 1.8 points in September to 73.9, the highest level in over two years. A record 42% of consumers stated in September that they anticipate a decrease in mortgage rates, up from 24% in June and 39% in the month before.

Mortgage 396

Mortgage Appraisal Marketing 396

Housing Wire

OCTOBER 8, 2024

The Department of Justice could be ready to square off again with the National Association of Realtors — this time over an optional rule to prevent commingling of MLS and non-MLS listings. (Image generated by AI in Midjourney) The Department of Justice and the National Association of Realtors (NAR) are currently locked in what may be the culmination of a decades-long battle over a variety of NAR’s policies and rules.

Real Estate 475

Real Estate Brokerage Realtors Legal 475

Inman

OCTOBER 11, 2024

Led by broker-owner Daniel Aubry, Daniel Aubry Realty comprises a team of six agents who bring a wealth of experience in both commercial and residential real estate, backed by Aubry’s extensive background in the industry.

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Realty Real Estate Agents Brokerage 183