Housing Wire

JULY 21, 2023

The nation’s second largest multiple listing service , Bright MLS , will begin allowing listing agents to put in a blanket offer of compensation for buyer brokers of zero dollars or more, starting on August 9. This change appears to possibly diverge from a National Association of Realtors rule, which states that listing agents must make an offer of cooperative compensation to buyer brokers in order to list a property on the MLS.

Buyers 370

Buyers Clients Sellers Realtors 370

George Dell

JULY 19, 2023

Change. It’s clear that appraisal, as a vocation, has changed. Many appraisers are considering new careers. Others are preparing to meet new demands. Yet others are doing. nothing. Which mind are you? Escape. Retool. Or be in denial. I have taught with Valuemetrics.info for over 17 years now. And was on the […] The post Change Careers or Change Your Practice?

Appraisal 369

Appraisal 369

Sacramento Appraisal Blog

JULY 18, 2023

The weather has been scorching in so many areas across the country. I don’t know about you, but I’ve been thinking about water, lakes, and air conditioning quite a bit this week. Anyway, today I have some pool stats that I’m excited to share. I also want to show you the DIY “pool” I built […] The post The value of a pool in real estate first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Real Estate 354

Real Estate Appraisal Marketing 354

Real Estate News

JULY 21, 2023

A correction doesn't seem likely this year, but things could improve in 2024 if mortgage rates settle around 5%, says economist Matthew Gardner.

Housing Market 246

Housing Market Marketing Mortgage 246

Housing Wire

JULY 21, 2023

Related to its goal of achieving profitability , title insurer Doma announced Thursday that it had sold its title operations in Texas, Minnesota, Wisconsin, Illinois and Indiana to two different companies. The financial terms of the deals were not disclosed. “These strategic transactions are aligned with our mission-driven go-forward strategy and refined focus on our core underwriting and technology business,” Max Simkoff , the founder and CEO of Doma, said in a statement. “Our Texas

Insurance 370

Insurance Clients Retail Real Estate 370

The Appraiser Coach

JULY 18, 2023

We all have our hobbies. I’ve talked to people who enjoy everything from quilting to drag racing to bird watching, and everything in between. Hobbies are an important part of our lives, but so often these days we don’t make time to do them. It’s easy to get stuck in a rut, with the to-do list looming bigger and bigger, the problems constantly mounting, and your hair becoming awash with gray as you try to keep up.

Business 195

Business Appraisal Inspection Advertising 195

Real Estate News

JULY 20, 2023

The 30-year fixed-rate mortgage averaged 6.78% this week, down from nearly 7% a week before, suggesting that cooling inflation is having an effect.

Mortgage 246

Mortgage 246

Housing Wire

JULY 21, 2023

Citywide Home Loans , a Utah-based mortgage lending company, agreed to settle a $1.2 million class action lawsuit to resolve claims surrounding a 2020 data breach. The news was first reported by legal website Top Class Action. The company, which has more than 800 employees and operates in 35 states, is accused of negligence for failing to protect its internal systems, leading to a data breach in November 2020.

Legal 370

Legal Technology Insurance Lending 370

The Appraiser Coach

JULY 18, 2023

We all have our hobbies. I’ve talked to people who enjoy everything from quilting to drag racing to bird watching, and everything in.

Inspection 195

Inspection Advertising Business Real Estate Agent 195

Inman

JULY 21, 2023

As part of his Snapshot series, Brandon Doyle shares how this owner of Just Sell Homes helps clients translate their marketing message into meaningful connections.

Marketing 148

Marketing Agents Clients 148

Real Estate News

JULY 20, 2023

The nation’s second-largest MLS says this move highlights the “complete flexibility” of Bright subscribers to have “transparent negotiations with clients.

Buyers 246

Buyers Clients 246

Housing Wire

JULY 20, 2023

In the competitive world of real estate, effectively and consistently securing listings is the key to success. Whether new to the industry or a seasoned vet, it’s important to keep an open mind and innovate your strategies. By embracing different opportunities, agents can expand their chances of securing more listings and growing their business.

Housing Market 370

Housing Market Marketing Real Estate Client Relationships 370

Eyes on Housing

JULY 18, 2023

Low existing inventory that is keeping demand solid for new homes helped to push builder confidence up in July even as the industry continues to grapple with rising mortgage rates, elevated construction costs and limited lot availability. Builder confidence in the market for newly built single-family homes in July posted a one-point gain to 56, according to the National Association.

Construction 148

Construction Inventory Mortgage Marketing 148

Inman

JULY 20, 2023

Starting Aug. 9, the nation's second-largest MLS will allow listing brokers to offer buyer brokers nothing in compensation, according to an announcement from Bright.

Buyers 148

Buyers Realtors 148

Real Estate News

JULY 20, 2023

The latest ATTOM home sale report found that second-quarter profit margins rose for the first time in a year.

Sellers 246

Sellers Marketing 246

Housing Wire

JULY 20, 2023

Rocket Companies , the parent of Rocket Mortgage , offered another round of buyouts to its employees on Wednesday, a spokesperson confirmed to HousingWire. The buyout follows two rounds in 2022, in April and August, which resulted in a workforce reduction of about 30% last year. “Yesterday, we offered a voluntary career transition opportunity to several teams within the organization to better align resources with the needs of both our business and today’s mortgage market,” Mike

Human Resources 370

Human Resources Loan Officers Business Mortgage 370

Eyes on Housing

JULY 17, 2023

Over the first five months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 357,143. On a year-over-year (YoY) basis, this is 24.7% below the May 2022 level of 473,997. Year-to-date ending in May, single-family permits declined in all four regions. The Northeast posted the lowest decline of 14.7%, while the West region reported the steepest.

Construction 148

Construction Marketing 148

Inman

JULY 20, 2023

Find out how this top producer turned digital marketing expert created a platform to help agents thrive online in Brandon Doyle's latest Snapshot profile.

Real Estate 148

Real Estate Agents Marketing 148

Real Estate News

JULY 20, 2023

NAR reported that existing home sales fell in June and dropped nearly 19% year-over-year. But median sale prices reached a near-record high.

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Housing Wire

JULY 20, 2023

Months of high mortgage rates and low existing inventory led to another annual increase in new home purchases in June. Mortgage applications for new home purchases jumped 26.1% in June from the same period last year, according to the Mortgage Bankers Association builder application survey. Compared with the prior month, applications dropped by 5%. MBA estimates that about 687,000 new single-family homes were sold in June at a seasonally adjusted annual rate.

Mortgage 370

Mortgage Construction Inventory Buyers 370

Eyes on Housing

JULY 18, 2023

While US homeownership rates have been rising since 2015 and received an extra boost during the post-pandemic housing boom, they remain below the levels reached during the housing boom of the mid-2000s. With the national trends reflecting fundamental drivers of homeowners, local markets often tell different and unique stories. NAHB’s analysis of the 2021 5-year ACS county-level data reveals substantial.

Marketing 147

Marketing 147

Inman

JULY 20, 2023

Find out how this Texas broker-owner and serial entrepreneur digs deep into the operational details while keeping an eye on the big picture.

Real Estate 148

Real Estate Brokerage 148

Real Estate News

JULY 21, 2023

Top Dallas team joins Real; C21 adds affiliates in Missouri, Colorado; Pacific Sotheby's Realty, BHHS, CB Warburg gain agents; The Agency adds design partner.

Brokerage 246

Brokerage Realty Design Agents 246

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. About 35% of the 253 mortgage executives that responded to Fannie Mae ’s mortgage lender sentiment survey (MLSS) said cost cutting was overall the most important factor in their business operations – ranking first for the second year in a row.

Lending 370

Lending Technology Business Construction 370

Eyes on Housing

JULY 19, 2023

Single-family production fell back after four straight monthly gains as elevated construction costs and rising mortgage rates led to a reduction in home building activity and affordability conditions worsened for home buyers. Overall housing in June decreased 8% to a seasonally adjusted annual rate of 1.43 million units, according to a report from the U.S.

Construction 146

Construction Buyers Mortgage 146

Inman

JULY 20, 2023

The 2023 Inman Innovator Awards finalists range from true upstarts to established players, with each offering a new vision for real estate. Winners will be announced live in Las Vegas, Aug. 8-10.

Real Estate 148

Real Estate Brokerage Agents 148

Real Estate News

JULY 18, 2023

While rising interest rates have slowed the rate of increase, confidence is at its highest level in more than a year.

Buyers 246

Buyers 246

Housing Wire

JULY 20, 2023

The savagely unhealthy housing market continues as existing home sales are near record lows, and the days on the market are still at a teenager level, with home prices rising in 2023. Ladies and gentlemen, this was the fear and now the reality of the savagely unhealthy housing market. We still have too many people chasing too few homes, and while the growth rate of pricing has cooled tremendously, it’s still rising.

Marketing 370

Marketing Housing Market Inventory New Listings 370

Eyes on Housing

JULY 21, 2023

Nonfarm payroll employment increased in 38 states and the District of Columbia in June compared to the previous month, while 12 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 209,000 in June, following a gain of 306,000 jobs in May. On a month-over-month basis, employment data was strong in Texas, which.

Construction 145

Construction Marketing 145

Inman

JULY 20, 2023

The Swann Group's agents are the latest of hundreds who have moved from Compass to Coldwell Banker over the past year, the latter brokerage told Inman this week.

Brokerage 148

Brokerage Agents 148

Real Estate News

JULY 18, 2023

NWMLS launches app; New Mexico MLS adopts Aligned Showings; CRMLS updates member dashboard; iGo acquires products; Clear Capital integrates with ICE API; more.

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Housing Wire

JULY 20, 2023

Rumors this week that regulators would increase residential mortgage capital requirements for larger depositary banks, far exceeding international standards under the Basel III rules, have raised alarms for industry executives, analysts and trade groups. The consensus is that the change would primarily affect the shrinking jumbo market (loans greater than $726,200) and hurt regional banks , sources said.

Mortgage 370

Mortgage Marketing Lending Finance 370

Robinson Appraisal Group

JULY 17, 2023

Maryland is facing a serious housing shortage that is impacting the entire state, but especially the Baltimore Metropolitan area. The low inventory of available homes combined with high interest rates has made it difficult for potential buyers to find an affordable home in the area. This has caused a decrease in overall real estate sales, and an increase in rental prices.

Inventory 141

Inventory Landlords Real Estate Realtors 141

Inman

JULY 20, 2023

Existing-home sales fell to a seasonally adjusted rate of 4.16 million as the median sales price climbed to $410,000, or just 0.9 percent below the highest median recorded by the National Association of Realtors.

Realtors 148

Realtors Brokerage Agents Marketing 148