Housing Wire

JULY 9, 2023

The slow zombie crawl of housing inventory went lower last week as inventory was negative week to week. In addition, mortgage rates rose to a yearly high as labor data stayed firm and purchase apps had their first negative week after three straight weeks of positive growth. Weekly Active listings fell by 866 homes Mortgage rates rose to a year-to-date high of 7.22% Purchase apps were down 5% week to week Weekly housing inventory We had a hat trick in housing last week: weekly active listings wer

Inventory 501

Inventory Housing Market Marketing New Listings 501

Sacramento Appraisal Blog

JULY 13, 2023

The housing market has likely peaked for the year. Today I’d like to show some ways I’m seeing this in the stats. I’m focused on Sacramento, but this is likely showing up in many markets. Skim by topic or digest slowly. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/23 SAR Market Update (in-person & livestream) 7/26/23 Fair Mortgage (details TBD) […] The post Did the housing market peak for the year?

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Housing Market Marketing Real Estate Appraisal 280

Real Estate News

JULY 8, 2023

It's been nearly a year since the average home sold for more than its list price, but it may not be enough to spark a wave of inventory.

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Sellers Inventory 264

George Dell

JULY 12, 2023

Workfile is required, (or not?). This part 7 of a multipart look at issues in valuation standards. Editor’s Note: This is Standards, part 3.7 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. USPAP WORKFILE The “workfile” concept works well as an effort at documenting an […] The post Workfile or Integration?

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Valuation Appraisal 195

Housing Wire

JULY 10, 2023

As the spring homebuying season comes to an end, there are distinct signs of the housing market reheating from a home price perspective. The lack of inventory drove home prices up, challenging potential buyers, Black Knight pointed out in its monthly mortgage monitor report. The reheating is widespread with more than half of the 50 largest U.S. markets seeing prices at or above 2022 peaks.

Inventory 418

Inventory Housing Market Sellers Construction 418

The Appraiser Coach

JULY 11, 2023

The Covid-19 pandemic has changed a lot about our lives and the way we conduct our businesses. Some things may never again be the same again. As a result of the lockdowns, we had to turn to conducting our businesses remotely, and many of us have continued to do so even now. While working remotely has many potential benefits, it also presents many unique challenges.

Business 195

Business Appraisal Inspection Advertising 195

Eyes on Housing

JULY 10, 2023

Data obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB, show that the rising trend of two or more stories homes continued in 2022. Although the overall share remained virtually unchanged, the share of two or more stories homes started construction was greater than one story homes in 2022. Nationwide, the share of new homes.

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Construction 179

Housing Wire

JULY 14, 2023

Households led by people of color residing in King County, Washington — the area that Seattle sits in — lost an estimated $12 billion to $34 billion in wealth since 1950 due to racist housing policies. This is according to a report commissioned by King County , which was first reported on this week in the Seattle Times. The report, conducted by consulting firm ECONorthwest , found that the sizable totals of lost wealth were not only attributable to racially discriminatory policies and practices

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Design Government Home Value Real Estate 370

The Appraiser Coach

JULY 11, 2023

The Covid-19 pandemic has changed a lot about our lives and the way we conduct our businesses. Some things may never again be the same again. As.

Business 150

Business Inspection Advertising Real Estate Agent 150

Real Estate News

JULY 13, 2023

Prefab homes don't have the sexiest reputation, but modern styles mimic traditional homes — and could make homeownership more attainable.

Modernization 246

Modernization 246

Inman

JULY 14, 2023

Marketing software company Back At You is getting into the DIY content production game, releasing a new browser application to help the industry promote its brands, agents and properties, according to a company announcement.

Design 148

Design Real Estate Agents Marketing 148

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations,” Dan Bayer, SVP of non-QM development and strategy, said in a statement.

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Lending Retail Realtors Mortgage 370

Eyes on Housing

JULY 14, 2023

Average hourly earnings for residential building workers* rose at a slower pace in May, after more than a year of strong gains. Wage growth has retreated below or close to 3%, from the peak rate of 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.87 in May 2023, increasing.

Construction 148

Construction Marketing 148

Real Estate News

JULY 13, 2023

Mortgage rates jumped for the third week in a row and are hovering near 7%, but lower-than-expected inflation could mean the economy is normalizing.

Mortgage 246

Mortgage 246

Inman

JULY 13, 2023

Find out how this Florida broker learned that getting your license is the easiest part of the real estate business.

Real Estate 148

Real Estate Business Brokerage 148

Housing Wire

JULY 13, 2023

Mortgage rates continued rising for the third consecutive week, increasing to 6.96%, the highest level since November 2022. The uptick in mortgage rates came amid positive inflation news – the consumer price index rate showed cooling prices in June, rising just 3.0% from a year ago, the smallest annual increase since March 2021. However, it is unlikely to be enough to prevent an additional rate hike at the next Federal Open Markets Committee meeting on July 25-26.

Mortgage 370

Mortgage New Listings Buyers Inventory 370

Eyes on Housing

JULY 12, 2023

Consumer prices in June saw a continued deceleration, with the smallest year-over-year gain since March 2021. Over the past twelve months, inflation has been consistently decelerating. Despite a slowdown compared to the previous month, the shelter index (housing inflation) continued to be the largest contributor to both headline and core inflation, accounting for over 70% of the increase in headline.

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147

Real Estate News

JULY 12, 2023

Mark Willis, who previously served as both president and CEO at KW, is rejoining the company to assist with its market center growth.

Marketing 246

Marketing 246

Inman

JULY 13, 2023

Tune in to Inman Access and discover the untold experiences and lessons that have shaped the remarkable career of real estate icon Sherry Chris in an exclusive interview with Andrew Flachner.

Real Estate 148

Real Estate Brokerage Agents 148

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs. These offerings will be available in select metro areas including Detroit, Baltimore and Chicago for Freddie Mac’s BorrowSmart and Detroit, Baltimore, Chicago, Atl

Finance 370

Finance Law Lending Development 370

Eyes on Housing

JULY 13, 2023

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in June 2023 (not seasonally adjusted). March 2023 was the last month prices increased. The index has gained 0.5%, year-to-date, and has not increased 1% or greater in any month since March 2022.

Construction 142

Construction 142

Real Estate News

JULY 12, 2023

T3 Sixty has sent an open letter to the real estate industry, urging everyone to take action now to get ahead of potential rulings in commissions lawsuits.

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Agents Real Estate 246

Inman

JULY 12, 2023

A year and a half after Keller Williams legally blocked eXp World Holdings' attempt to recruit Mark Willis, the former KW CEO has returned to his roots in a new consulting role, Inman has learned.

Legal 148

Legal Realty Brokerage Agents 148

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined

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Retail Development Finance Lending 370

GoForrmz

JULY 14, 2023

Originally published on 08/03/2015 Did you know you can easily set your Checkboxes to be automatically ‘checked’ when you generate a new form? Configuring Checkbox fields to be automatically ‘checked’ when a new form is generated is a simple, yet powerful functionality that saves users time, enforces data capture rules, streamlines data entry, and eliminates the need for teams to repeatedly ‘check’ items in their everyday mobile forms.

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Inspection 141

Real Estate News

JULY 12, 2023

After Howard Hanna announced it was dropping IDX, the listings feed service has been a hot topic. But how does it work, and why does it matter?

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246

Inman

JULY 12, 2023

The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the U.S.

Property Taxes 148

Property Taxes Marketing Mortgage 148

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. And they have good reasons to do so. Talk to a top producer in either field and he or she will tell you: the biggest problem their respective industry faces is that there are far too many sloppy, inexperienced, yee-haw types who, I’m sorry, just shouldn’t be in this business!

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

Chicagoland Appraisal Blog

JULY 12, 2023

Welcome to our blog post dedicated to unraveling the pronunciation of a name that has left many puzzled: Tsiaousis. As a home appraiser serving the vibrant city of Chicago, Mr. Tsiaousis is well-known for his expertise, but the pronunciation of his name often leaves clients scratching their heads. Fear not, for we are here to guide you through the phonetic spelling and help you confidently say Tsiaousis.

Clients 113

Clients Appraisal 113

Real Estate News

JULY 12, 2023

The Consumer Federation of America suggests that new and less committed agents are bad for the industry and "deprive" their full-time peers of commissions.

Agents 246

Agents 246

Inman

JULY 12, 2023

ShowingTime+, an offshoot of Zillow, has released Listing Showcase, a new way to market listings on the popular consumer search site.

Agents 148

Agents Marketing Technology Real Estate 148

Housing Wire

JULY 12, 2023

The CPI data released today shows the growth rate of inflation cooling off , and that’s good for mortgage rates. If inflation were running hot like in the 1970s, mortgage rates would have easily gotten to 8%-10% last year. The fact that the growth rate of inflation has been falling over the last few months is a positive story for mortgage rates over the long run.

Mortgage 370

Mortgage Marketing 370

Birmingham Appraisal

JULY 12, 2023

How Agents Can Use The Law of Diminishing Return When Pricing a Listing As a real estate appraiser with over 30 years of experience, I have witnessed firsthand the critical role that accurate pricing plays in the success of real estate transactions. Pricing a property correctly from the outset is crucial for attracting potential buyers and maximizing the seller’s return on investment.

Real Estate Agent 91

Real Estate Agent Law Real Estate Bracketing 91

Real Estate News

JULY 11, 2023

Morningstar has made a bold prediction about where mortgage rates and home prices are headed, but for now, prices are still rising.

Mortgage 246

Mortgage 246