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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
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?
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?
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
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.
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.
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.
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.
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
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
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.
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.
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.
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.
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.
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.
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.
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.
CoreLogic , a provider of real estate data, analytics, and solutions, unveiled this week an upgrade to its CoreLogic Discovery Platform, offering users streamlined access to data-driven business analysis. The recent enhancement introduces pre-designed solutions tailored to assist mortgage lenders in transforming data into valuable insights. With this update, users can make faster decisions and achieve improved business outcomes, gaining immediate access to actionable insights. “Discovery P
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.
The real estate broker behind the provocative new account spoke to Inman on the condition of anonymity about his campaign to pressure NAR to enforce its own anti-hate speech policies.
New York City-based title insurance agency Kensington Vanguard National Land Services, LLC. is the latest title firm to come under fire from New York Attorney General Letitia James for business practices that “reduce competition and negatively impact wages and opportunities for workers,” according to an announcement on Wednesday. An investigation by James’ office found that Kensington had entered into illegal no-poach agreements with several of its title underwriters, who also independently sell
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.
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.
Argyle , a rising player in the digital income and employment verification industry, announced the appointment of Anaid Chacón as its new senior vice president of product. Chacón brings with her over a decade of leadership experience in product management and technology to her new role. At her new company, her primary goal will be to optimize the utilization and adoption of Argyle’s products across various sectors, including mortgage, lending, banking, and background checks.
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.
Shawna Alt, CEO of First Weber Realtors, believes that in hard times, agents should focus on what they can control, and leaders should celebrate small wins.
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.
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