Housing Wire

JULY 1, 2024

In the game of housing crisis Rochambeau, we play with income, inventory, and policy. Inventory cannot beat inadequate incomes, but better compensation policies can. The labor market has reached peak disengagement rates, partially driven by historic strikes , resignations , non-participation , and silent quitting. By splitting the workforce into five income groups to view homeownership rates, we lay bare a cause for retreat from an increasingly unfair labor market – a system with four times more

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Real Estate Government Inventory Housing Market 467

Appraisal Buzz

JULY 2, 2024

Homeowners preparing to sell, as well as those planning to stay put for the long haul, undertake home improvement projects, either to boost the property’s resale value or to increase their at-home quality of life. In order to help either type of homeowner make smarter choices, analysts at Fixr examine data from the annual Remodeling Cost vs. Value Report to determine home improvement projects with the greatest return on investment.

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Home Improvement Investing Real Estate Real Estate Agent 435

Real Estate News

JULY 3, 2024

Realtor.com’s parent company claims an ex-employee logged into its systems “at least 37 times” and “stole confidential business information” to benefit CoStar.

Business 275

Business 275

George Dell

JULY 2, 2024

Patriotism. Easy, everyone knows what that is! It’s Independence Day! It’s fireworks! It is a time to declare our devotion, love and support for the country. But devotion, support, and love are “feelings” not facts. And do we relate this sense of feeling to our personal actions? Our “support”? Can these feelings run deeper? Does […] The post What is Patriotism?

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Housing Wire

JULY 5, 2024

With today’s jobs report and all the reports we got during this jobs week, can we finally say the Federal Reserve is winning its war against the labor market? I believe the Fed won’t pivot until the labor market breaks. That has been my position since 2022 and we are starting to see some early signs of them successfully attacking the U.S. labor market in the past few months, something I talked about on a recent HousingWire Daily podcast.

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Marketing Housing Market Government Construction 456

Appraisal Buzz

JULY 3, 2024

The Tunnel to Towers Foundation , in honor of Independence Day, has announced that it has delivered 35 mortgage-free homes to fallen first responder families nationwide. In addition to providing mortgage-free homes to 34 fallen first responder families in 18 states, the Tunnel to Towers Foundation has welcomed injured Mississippi Army National Guard Sergeant James “Carl” Sampson and his family to their new mortgage-free smart home in Picayune, Mississippi.

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Mortgage Law Design Development 418

Inman

JULY 5, 2024

After spiking after the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September.

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Mortgage Marketing 199

Housing Wire

JULY 1, 2024

HousingWire is excited to announce the winners of the 2024 Women of Influence award, recognizing 100 women who are shaping and propelling the housing economy forward with their impressive achievements. This year marks the 15th year of this award program. Many of this year’s winners mentor women in the industry, paving the way for a new generation of leaders.

Realty 460

Realty Real Estate Chief Valuation Officer Technology 460

Appraisal Buzz

JULY 2, 2024

Based on its industry-leading mortgage, real estate, and public records data sets, Intercontinental Exchange, Inc. (ICE) has published its July 2024 ICE Mortgage Monitor Report. The dynamics underlying the active mortgage market’s gradual shift toward higher average rates are examined in this month’s Mortgage Monitor. Although there is still a significant bias in the market toward lower-rate mortgages, Andy Walden, VP of Research and Analysis at ICE, points out that this is shifting.

Mortgage 418

Mortgage Lending Real Estate Investors 418

Real Estate News

JULY 3, 2024

Hard truths emerged during a talk about real estate’s future: Consumers expect more, and agents will have to “work harder for less money” to prove their value.

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Agents 271

Inman

JULY 4, 2024

This 4th of July, Troy Palmquist lays out an argument for why the American dream of homeownership is alive and well, and together, real estate professionals can help more people achieve it.

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Buyers Real Estate Marketing Brokerage 185

Housing Wire

JULY 4, 2024

As we celebrate Independence Day this year, it’s natural to reflect on the American Dream of homeownership. This dream, however, seems to be facing challenges. Fewer real estate transactions are occurring, and many are questioning why. Is it due to interest rate volatility, low consumer demand, or a reluctance to sell homes due to the lock-in effect?

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Real Estate Clients Finance Housing Market 425

Appraisal Buzz

JULY 1, 2024

Over the past few years, the most popular housing markets in the U.S. have experienced significant changes, showing a pattern of ongoing development and evolution, according to CoreLogic’s May Home Price Insights report. Per CoreLogic’s research, South Dakota—home to the historical Mount Rushmore—is the state with the second-fastest rate of appreciation, and Camden, New Jersey is among the top metro areas for appreciation in March 2024.

Housing Market 418

Housing Market Inventory Real Estate Marketing 418

Real Estate News

JUNE 30, 2024

A recent survey found that most successful buyers aren’t put off by rate levels, but for those who’ve paused their search, high rates are a top concern.

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Buyers Mortgage 279

Inman

JULY 1, 2024

Digital marketing expert Marci James offers tips to help you elevate your real estate website with backlinks and on-page SEO, improve your digital footprint and earn top-of-mind name recognition in your local market and beyond.

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Marketing Real Estate Technology Brokerage 184

Housing Wire

JULY 5, 2024

As those in or near retirement continue to proclaim a preference for aging in place , there may be challenges for people who aren’t sure about how or when they should get started on making plans. A series of home healthcare, renovation and senior care experts offer tips on ways to begin in a column published by U.S. News & World Report. For reverse mortgage clients looking to use their loan proceeds to fund the goal of aging in place, home renovations and other preparations may be requ

Renovations 422

Renovations Loan Officers Clients Technology 422

Appraisal Buzz

JULY 1, 2024

A joint report from the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) have published and updated loan-level data for public use collected through mandatory demographic questions on mortgage applications through the National Survey of Mortgage Originations (NSMO). The data also provides updated mortgage performance and credit information for a nationally representative sample of mortgage borrowers from the years 2013-2021.

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Government Mortgage Design Property Appraisal 411

Real Estate News

JULY 5, 2024

Austin, Boise, Phoenix and Salt Lake City home prices soared during Covid, and while gains have slowed, they haven’t “seen anything resembling a price crash.

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Inman

JULY 2, 2024

Join our July 10 webinar to get the inside scoop on all things Inman Connect Las Vegas and Luxury Connect happening July 29 - Aug. 1 at the Aria Resort in Las Vegas.

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Agents Marketing 189

Housing Wire

JULY 1, 2024

Massoud Atallah is leaving Anywhere Real Estate to join Lamacchia Realty. On Friday, the Anthony Lamacchia -helmed firm announced that Atallah had recently joined Lamacchia Realty as its new senior vice president of business development. According to the new release, Atallah will focus on agent recruiting and retention, with a goal of growing the firm in both New England and Florida.

Realty 420

Realty Real Estate Realtors Brokerage 420

Appraisal Buzz

JULY 3, 2024

In a dramatic turn for the U.S. economy, commercial bankruptcies have soared in the first half of 2024, marking a significant increase from the previous year. According to data released by Epiq AACER, a provider of bankruptcy filing data, a total of 3,016 commercial chapter 11 bankruptcies were filed in the first six months of 2024. This figure represents a striking 34% rise compared to the 2,247 filings recorded during the same period in 2023.

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Business Appraisal 397

Real Estate News

JULY 2, 2024

A proposed mixed-use apartment community anchored by a Costco warehouse store could signal a new approach to affordable housing.

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Inman

JULY 2, 2024

In a statement sent to NAR members, Kevin Sears confirmed executives of the trade organization met with Assistant Attorney General Jonathan Kanter last week to discuss settlement updates.

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Real Estate Brokerage Agents 179

Housing Wire

JULY 2, 2024

Mortgage rates rose slightly over the past week, with the U.S. economy continuing to show strength even as home sales remain tepid. According to HousingWire ‘s Mortgage Rates Center , the average 30-year rate for conforming loans stood at 7.11% on Tuesday, up slightly from 7.08% one week ago. Meanwhile, the 15-year conforming rate continued its steep rise and reached 6.99% on Tuesday after having reached a recent low point of 6.56% on June 21.

Mortgage 409

Mortgage New Listings Government Tools 409

Appraisal Buzz

JULY 3, 2024

A rule that would exclude medical bills from the majority of credit reports, strengthen privacy rights, improve credit scores and loan approval rates, and stop debt collectors from exploiting the credit reporting system to force people to pay was recently proposed by the Consumer Financial Protection Bureau (CFPB). The idea would forbid lenders from basing lending choices on medical information and restrict credit reporting companies from disclosing medical debts to lenders.

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Legal Law Insurance Lending 396

Real Estate News

JUNE 29, 2024

KW gains Austin indie; Christie's Sereno expands in Wine Country; BHGRE grows in Colorado; The Agency opens in White Rock; RE/MAX nabs large Canadian firm.

Brokerage 258

Brokerage 258

Inman

JULY 2, 2024

The deal will allow Matterport tours to accompany listing pages, with the dimensions and square footage of each property autofilled in a bid to reduce the risk of faulty data entry, executives say.

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Technology 178

Housing Wire

JULY 2, 2024

Limited inventory and high mortgage rates continue to push home prices higher, but the pace of growth is starting to slow down. That’s according to the monthly home price index report from CoreLogic, which shows that U.S. home prices grew by 4.9% year over year in May. That was the lowest yearly rate of appreciation since October 2023. The index was up 0.6% percentage points compared to April.

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Inventory Mortgage Marketing Housing Market 398

Appraisal Buzz

JULY 5, 2024

In an effort to safeguard against the growing threats posed by climate change, the Federal Housing Finance Agency (FHFA) is intensifying its focus on understanding and mitigating climate-related risks within the U.S. housing finance system. Climate Scenario Analysis (CSA), a pivotal tool for evaluating exposure to climate-related risks under different future climate conditions, has emerged as a critical component of this strategy.

Finance 370

Finance Tools Insurance Technology 370

Real Estate News

JULY 1, 2024

“More than two dozen people” in Texas have sued EasyKnock over its sale-leaseback program, an NPR investigation found, adding to the company's legal woes.

Legal 245

Legal 245

Inman

JULY 3, 2024

Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers warn "higher for longer" rate strategy will remain in place until they see more conclusive evidence the economy has cooled.

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Mortgage Marketing 174

Housing Wire

JULY 2, 2024

While many had hoped the Department of Justice’s interest in the real estate industry would wane with the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement , that is clearly not the case. In a message on Realtor Hub , a forum for NAR members, trade group president Kevin Sears told members that the DOJ is keeping “a close eye” on the industry, as first reported by Inman News.

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Legal Realtors Real Estate Sellers 392

Appraisal Buzz

JULY 3, 2024

In a new study, researchers at Florida Atlantic University and Florida International University claim that Detroit has surpassed Atlanta as the most expensive housing market in the U.S., after the city topped the list of inflated housing markets for more than a year. As of the end of May, data from the Top 100 U.S. Housing Markets indicates that homes in the Detroit metro region are 40.79% overvalued in relation to their long-term pricing patterns.

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Marketing Housing Market Real Estate Real Estate Agent 370

Real Estate News

JULY 1, 2024

Another group of plaintiffs has filed an appeal in the RE/MAX, KW and Anywhere settlements, while the brokerages offered new arguments for dismissing Batton.

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Brokerage 239