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

Real Estate 531

Real Estate Government Inventory Housing Market 531

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

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 321

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 202

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 511

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 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 198

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.

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Realty Real Estate Chief Valuation Officer Technology 493

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 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 1, 2024

Those business generating free cash flow are best-positioned for growth, shareholder returns and value-added new ventures, Mike DelPrete writes.

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Business Brokerage 198

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

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Renovations Loan Officers Clients Technology 482

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

JULY 2, 2024

After unveiling a scathing critique of the association’s buyer agreement last week, the CFA is back with a new report focused on C.A.R.’s listing contract.

Contracts 312

Contracts Buyers 312

Inman

JUNE 29, 2024

What do you make of commission-sharing workarounds, and how are you planning to change up your communication strategy?

Buyers 197

Buyers Agents Brokerage Marketing 197

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?

Real Estate 476

Real Estate Clients Finance Housing Market 476

Appraisal Buzz

JULY 1, 2024

High interest rates and housing prices have priced millions of potential buyers out of the housing market, while the number of renters with cost burdens is at an all-time high, according to a new study released by Harvard University’s Joint Center for Housing Studies. Thankfully, the study found that some relief is in sight as rent growth is slowing due to a surge in new family rental units, and for-sale inventories are growing due to the increase in single-family construction.

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Construction Inventory Property Taxes Insurance 415

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 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 195

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 Real Estate Realtors Sellers 468

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 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 290

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.

Agents 195

Agents Marketing 195

Housing Wire

JULY 5, 2024

A New York jury found Vishal Garg, CEO and founder of digital mortgage lender Better.com , liable for breach of fiduciary duty and conversion in a decade-long lawsuit filed by his former partner, Raza Khan. Garg intends to appeal. The court ordered Garg to pay $5.5 million to Educational Investment & Finance Corporation (EIFC), the company the partners founded in 2009.

Finance 448

Finance Business Mortgage Clients 448

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 3, 2024

With average rates approaching 7%, it’s still a tough housing market — but there are signs it may be easing.

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Housing Market Mortgage Marketing 290

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 3, 2024

The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it has released five new language translations for 19 separate single-family mortgage documents used for Federal Housing Administration (FHA)-insured mortgage servicing. The new translations — which are available in Chinese, Korean, Spanish, Tagalog and Vietnamese — are accessible from FHA’s language access webpage and are designed to “assist lenders, servicers , housing counselors , and other FHA program part

Mortgage 448

Mortgage Insurance Tools Law 448

Appraisal Buzz

JULY 3, 2024

According to a new report from CoreLogic, annual home price gains have dipped below the 5% mark for the first time since October while monthly gains posted a 0.6% growth rate, a number that is in line with statistics from before the pandemic. The data also showed that all 50 states saw home prices grow, ranging from 0.9% in Louisiana to 12% in New Hampshire.

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HOA Inventory Marketing Appraisal 397

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 290

Legal 290

Inman

JULY 5, 2024

While you’re at Inman Connect, it isn't just about conference hustle; it's about refueling your mind, body and real estate business strategy. Here's how.

Real Estate 192

Real Estate Business Agents 192

Housing Wire

JULY 5, 2024

Job creation slowed in June, despite continued tight labor market conditions, which economists say is good news for the Federal Reserve. Data from the U.S. Bureau of Labor Statistics released on Friday shows that total nonfarm payroll rose by 206,000 jobs in June, compared to 272,000 jobs in May. Job gains in June were most notable in industries like government (70,000), health care (49,000), social assistance (34,000) and construction (27,000), a positive for the housing industry.

Construction 446

Construction Government Real Estate Housing Market 446

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

A California lawsuit alleges that the home search portals used tracking technology to gather and share data without consent.

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Technology 290