Housing Wire

JUNE 27, 2023

New home sales are up 20% year over year, and existing home sales are down 20% year over year; this is something we don’t see very often. One group has the advantage here while the other doesn’t: The new home sales market is minuscule versus the existing one, and the builders sell their homes like a commodity. Last year a theme of mine was that new home sales are historically low, and the builders know how to move products when needed.

Construction 516

Construction Inventory Marketing Buyers 516

The Appraiser Coach

JUNE 27, 2023

I’ve recently been posting about what I call the “Principles of Prosperity.” I’ve been hoping to give you a brief introduction that will pique your.

Inspection 366

Inspection Advertising Business Real Estate Agent 366

Sacramento Appraisal Blog

JUNE 28, 2023

Let’s talk about housing doom. Particularly, I want to get into the viral idea about the demise of the Airbnb market. But first, I have a few visuals to kick off hot graph summer (sorry). I’d love to hear your take in the comments. A meme I shared this week as I talked about the […] The post Hot graph summer & Airbnb doom first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Real Estate 362

Real Estate Appraisal Marketing Housing Market 362

Real Estate News

JUNE 27, 2023

New home sales are up 20% year-over-year, according to the U.S. Census Bureau, and lower median prices could help first-time buyers.

Buyers 344

Buyers 344

Housing Wire

JUNE 28, 2023

Zillow Group ’s attempt to streamline the home buying experience by offering all facets of the transaction process on one platform has hit a road bump. The real estate listing giant announced on Monday that it is sunsetting its title and escrow provider, Zillow Closing Services. “Integrating the real estate transaction to make buying and selling simpler for customers remains our core strategy and we believe offering title and escrow is a critical component,” a Zillow spokesperson wrote in an ema

Real Estate 459

Real Estate Marketing Insurance 459

Cleveland Appraisal Blog

JUNE 30, 2023

Hello friends! I’m playing catch-up on blogs with the help of my guest bloggers. I’m working on more of my own articles that will be posted soon. I welcome back guest blogger June Duncan who wrote this article for the Cleveland Appraisal Blog. In this article, she shares some tips for relocating after facing personal challenges. Relocating is not easy.

Real Estate Agent 240

Real Estate Agent Appraisal Bracketing Decorating 240

Real Estate News

JUNE 28, 2023

A former employee has filed a lawsuit alleging she was unfairly fired after ending a relationship with National Association of Realtors President Kenny Parcell.

Realtors 312

Realtors 312

Housing Wire

JUNE 28, 2023

California-based real estate investing platform Peer Street, Inc. and 14 affiliated debtors filed for protection under Chapter 11 of the U.S. Bankruptcy Code in a court in Delaware on Monday, citing a challenging mortgage market and struggles to raise capital with venture capital funds. “Through its bankruptcy filing, PeerStreet will seek to sell substantially all of its assets, including, but not limited to, its mortgage loan assets and technology platform, in a series of transacti

Investors 459

Investors Real Estate Mortgage Investing 459

Miller Samuel

JUNE 28, 2023

I had a nice conversation with Joe Connolly and Neil A. Carousso on WCBS Newsradio 880 on the state of the NYC commercial office market. It was a macro-level conversation that I thought you might find helpful. The post WCBS Radio - State Of Commercial Office, City v. Suburbs first appeared on Miller Samuel Real Estate Appraisers & Consultants.

Real Estate 195

Real Estate Appraisal Marketing Retail 195

Eyes on Housing

JUNE 26, 2023

The failure of several banks in 2023 and the ensuing stress in U.S. financial markets has had an effect that some builders and developers are beginning to notice, according to two recent NAHB surveys. In one of the surveys, roughly three-in-five builders and developers reported that loans for land acquisition, land development and speculative single-family construction have become more difficult.

Development 195

Development Construction Marketing Lending 195

Real Estate News

JUNE 25, 2023

State Senator Scott Wiener blames California's housing woes on decades of "terrible policy decisions," but he says legislation can help turn things around.

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305

Housing Wire

JUNE 29, 2023

loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information.

Retail 448

Retail Contracts Legal Business 448

George Dell

JUNE 28, 2023

We continue our look at how current standards, and regulations hold back best practices. This part 5 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.5 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. This part is interesting […] The post Standards: Groupthink Bias?

Valuation 195

Valuation 195

The Appraiser Coach

JUNE 27, 2023

I’ve recently been posting about what I call the “Principles of Prosperity.” I’ve been hoping to give you a brief introduction that will pique your interest. I’ve purposely not given you tons of information on them. That’s because of another principle: what you sacrifice for becomes more meaningful. You will appreciate these principles more if you sacrifice time and effort to learn them more deeply on your own.

Law 195

Law Appraisal Tools Business 195

Real Estate News

JUNE 30, 2023

MLS PIN has agreed to pay $3 million and stop requiring sellers to offer buyer-broker compensation, a practice at the core of two other major lawsuits.

Sellers 299

Sellers Buyers 299

Housing Wire

JUNE 29, 2023

Fannie Mae has issued a mortgage fraud alert for lenders in northern California, warning of heightened instances of misrepresented child support income in “numerous loans” that have been originated in the region over the past few months. The GSE highlighted four hallmarks of such a scheme. These include, “commonality of real estate agents involved in selling the subject properties; bank statements and canceled checks [which] are created to support falsified child support income; borrowers hav[in

Real Estate Agent 435

Real Estate Agent Mortgage Design Real Estate 435

Eyes on Housing

JUNE 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue. The year-over-year growth rate of property tax collections is more.

Property Taxes 193

Property Taxes Home Value Government Real Estate 193

Inman

JUNE 30, 2023

The National Association of Realtors tapped an independent law firm to investigate sexual and racial harassment allegations, ultimately choosing to "reject" claims made by a former employee.

Agents 167

Agents Law Realtors Realty 167

Real Estate News

JUNE 27, 2023

Glenn Sanford’s “State of the Union” hints at strategic partnerships, an exclusive lead-gen strategy and investments in attracting teams.

Investing 299

Investing 299

Housing Wire

JUNE 25, 2023

Summer is here, and housing inventory is finally growing! The spring housing inventory was like a zombie rising from the grave, very slow, but the summer is showing some promise and let’s hope it continues. Purchase apps had a small week-to-week gain. Mortgage rates were again in a small range, hanging near 7%. Here’s a quick rundown of the last week: Active inventory grew 8,886 weekly.

Inventory 435

Inventory Housing Market Marketing New Listings 435

Eyes on Housing

JUNE 27, 2023

A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February 2022. Sales of newly built, single-family homes in May increased 12.2% to a 763,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S.

Inventory 182

Inventory Development 182

Inman

JUNE 29, 2023

The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher.

New Listings 167

New Listings Marketing Inventory Housing Market 167

Real Estate News

JUNE 30, 2023

Hoby Hanna recently made waves by pulling listings from IDX — a move that effectively keeps Howard Hanna Real Estate listings off of competitors’ websites.

Real Estate 290

Real Estate 290

Housing Wire

JUNE 27, 2023

What does marketing look like in 2023 and beyond? It’s a question we’ve started to ask our Marketing Leaders each year as the changing landscape requires top leaders to be agile in their strategies. In just this year, the top social media platforms are constantly releasing updates, ChaptGPT seems to be open on everyone’s desktop and a lot of us are looking at a lead pipeline that needs filling.

Marketing 434

Marketing Law Valuation Design 434

Eyes on Housing

JUNE 28, 2023

The 2022 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 9.6 months, including a little over a month from authorization to start and another 8.3 months to finish the construction. This is almost one month and a half longer than the average completion time in 2021, reflecting supply-side.

Supply Chain 174

Supply Chain Construction 174

Inman

JUNE 29, 2023

Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation.

Investors 165

Investors Mortgage Marketing 165

Real Estate News

JUNE 28, 2023

In an email to clients, the company announced it is ending Zillow Closing Services because it isn’t the “tech-forward and integrated product” customers need.

Clients 278

Clients 278

Housing Wire

JUNE 29, 2023

Most borrowers who had a mortgage forbearance in March 2021, including disproportionately impacted borrowers of color, were either current or closed as of March 2023. This is according to data released this week by the Consumer Financial Protection Bureau (CFPB) Office of Research. In the immediate aftermath of the COVID-19 coronavirus pandemic’s onset, the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 allowed millions of U.S. mortgage borrowers to enter public

Mortgage 418

Mortgage 418

GoForrmz

JUNE 29, 2023

Embracing digital solutions can help improve your job site safety As National Safety Month comes to a close, the focus is on the future—literally, the immediate future of your job sites. Hazard recognition is the theme of the week, and while it’s important to have ways to identify, track, and mitigate risks across all industries, energy and oil sectors often face unique risks.

Tools 148

Tools Project Management Inspection Training 148

Inman

JUNE 30, 2023

Mortgage brokers have to undergo specific training to do their jobs, but a higher education degree is not required. Those with an aptitude for hard work and client relationships can find great success over the course of their careers.

Client Relationships 164

Client Relationships Mortgage Training Clients 164

Real Estate News

JUNE 27, 2023

The latest Case-Shiller Index found that after falling in the second half of 2022, home prices have been trending up since January.

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279

Housing Wire

JUNE 28, 2023

Angel Oak Mortgage REIT has issued a $284.5 million non-QM securitization, which the company said marks an “inflection point” in its business. The company said it intends to use the capital to purchase more newly originated, high-coupon loans while continuing to manage liquidity. The securitization will also reduce Angel Oak’s whole loan warehouse debt by 45.6% from the first quarter of 2023, bringing the total reduction in the REIT’s whole loan warehouse debt since the end of Q3 202

Mortgage 418

Mortgage Business 418

Appraiserblogs

JUNE 27, 2023

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is supposed to prioritize the interests of the borrower above all else. It is no surprise that some loan officers are salivating over the prospect of not having to wait for a full appraisal or a home inspection.

Inspection 117

Inspection Loan Officers Appraisal Investing 117

Inman

JUNE 28, 2023

In part two of the series, Eric Bramlett writes that measurement is critical over time to optimize content and delivery to generate leads, foster conversations and help you stand out among your peers.

Brokerage 160

Brokerage Agents Marketing 160