Housing Wire
SEPTEMBER 19, 2023
Have we finally hit the limits of the massive boom in 5-unit apartment construction that has been a positive driver of jobs and the fight against inflation since January of 2021? Tuesday’s housing starts report was a mixed bag: housing starts and completions fell with a big hit to 5-unit housing starts. However, housing permits continued to slowly increase, as we’ve seen over the last several months.
Sacramento Appraisal Blog
SEPTEMBER 19, 2023
There is some serious pent-up demand building. The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. And speaking of building, new construction has been glowing this year. Let’s talk about it. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale […] The post Pent-up demand & glowing new construction first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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Real Estate News
SEPTEMBER 20, 2023
The Fed did not boost interest rates at its September meeting but warned that one more hike is likely this year.
Cleveland Appraisal Blog
SEPTEMBER 21, 2023
Hello everyone! I hope you all have been doing good and hanging in there. The real estate market has been on a crazy ride for the past few years. You may be wondering where in the world I’ve been. Did I go dark? Did I give up on blogging and podcasting? The answer is no. However, over the past year, my business has been changing rapidly as I shift away from lending work to non-lender work as my primary business.
Housing Wire
SEPTEMBER 21, 2023
Existing home prices are up 3.9% year over year, with demand near 21st-century lows. How is this possible? NAR ‘s existing home sales report on Thursday gives us insight into the why factor. The median existing-home price for all housing types in August was $407,100, an increase of 3.9% from August 2022 ($391,700). All four U.S. regions posted price increases.
Inman
SEPTEMBER 18, 2023
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including "no longer forcing homesellers to pay buyer’s agents.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
George Dell
SEPTEMBER 21, 2023
Quasi-government “Congressionally-authorized” appraisal standards require “correct” research and analyses. What does that mean? What is correct? And who decides? It’s in Standard 1. Be correct. Editor’s Note: This is Standards, part 3.14 of George Dell’s series on How Do I Move to EBV? Links to the earlier posts are here. Does this say – it’s […] The post A Correct Appraisal?
Housing Wire
SEPTEMBER 20, 2023
Housing markets in Western states like Idaho, Wyoming and Utah are stumbling on a year-to-year basis, while markets east of the Mississippi are heating up, according to CoreLogic data provided exclusively to HousingWire. As of Sept. 1, the top 10 states by year-to-year growth in the CoreLogic House Price Index are located exclusively in the Midwest or Northeast, with Vermont’s 8.52% gain leading the nation.
Inman
SEPTEMBER 22, 2023
Coach and author Darryl Davis shows you how to get more engagement and create conversations with this autumnal social media marketing plan that's ideal for the season.
Real Estate News
SEPTEMBER 18, 2023
The settlement agreement leaves NAR, HomeServices of America and Keller Williams as defendants with an Oct. 16 trial date looming.
The Appraiser Coach
SEPTEMBER 19, 2023
When you have a bobble-head replica of yourself in a blue button-down shirt (it was a gift) and you show up to work every day twinning with it, the people.
Housing Wire
SEPTEMBER 18, 2023
Yet another national real estate brokerage firm has reached a settlement agreement in two of the major class action antitrust lawsuits facing the real estate industry. According to court documents filed on Monday, RE/MAX and the home sellers suing the firm in both the Moehrl and Sitzer/Burnett cases, which both deal with buyer brokers’ commissions, have reached a preliminary settlement agreement, settling all claims in both suits.
Inman
SEPTEMBER 20, 2023
Pam O'Connor retired as CEO of Leading Real Estate Companies of the World and was named one of the top 25 thought leaders by the National Association of Realtors. In this op-ed, she shares her thoughts on the organization, its business model, and makes the case for what else needs to change.
Real Estate News
SEPTEMBER 19, 2023
Sexism isn't just a societal problem, it's a real estate industry problem. And if anything is going to change, men will have to step up — and speak up.
Realtor
SEPTEMBER 19, 2023
Getty Images Home appraisals are a piece of the selling process where you may have to let go of the reins. Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. Here are some things sellers can do—straight from the home appraisers’ mouths—to navigate the process of home appraisals.
Housing Wire
SEPTEMBER 16, 2023
What’s going on with housing inventory ? The last four weeks of new listings data have been the most volatile since mortgage rates breached 6% in 2022. One week, we had the biggest decline in new listings data all year, which might indicate Americans are giving up on listing their homes. But the next week we had the biggest increase of the year, which might show that people are rushing to list their homes.
Inman
SEPTEMBER 18, 2023
A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its "Great Place to Work" merit.
Real Estate News
SEPTEMBER 16, 2023
FMLS President and CEO Jeremy Crawford believes cooperation and consolidation are key to a healthy and efficient MLS network: “We are all better together.
Eyes on Housing
SEPTEMBER 19, 2023
Higher mortgage rates averaging above 7% put a damper on single-family production in August, as builders also continue to face supply-side challenges in the form of elevated construction costs, a lack of skilled labor and a shortage of buildable lots. Led by a sharp decline in multifamily production, overall housing starts declined 11.3% to a seasonally adjusted annual rate of.
Housing Wire
SEPTEMBER 18, 2023
Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. Executives from Dark Matter Technologies, under the Constellation Software umbrella, said that a down market is the best time to make investments in technology and prepare for the next cycle.
Inman
SEPTEMBER 22, 2023
MLS-Touch provides connections to four home showing solutions driven by the data of each MLS in which it's active. It can be deployed by MLSs that don't use Matrix, CoreLogic’s listing solution.
Real Estate News
SEPTEMBER 22, 2023
Companies are built in down markets, and savvy business leaders should take advantage of deals on tech, services and more — right now.
Eyes on Housing
SEPTEMBER 22, 2023
The total market share of non-site built single-family homes (modular and panelized) was just 2% of single-family homes in 2022, according to completion data from the Census Bureau Survey of Construction data and NAHB analysis. This share has been steadily declining since the early-2000s despite the high-level of interest for non-site built construction.
Housing Wire
SEPTEMBER 19, 2023
Housing starts fell to a seasonally adjusted annual rate of 1,283,000 in August, according to the U.S. Census Bureau. It’s a 11.3% drop from the revised July estimate of 1,447,000 and 14.8% below the August 2022 rate of 1,505,000. On the bright side, permits for future construction recorded a 6.9% gain from July, indicating some builders might be more hopeful that things will turn around soon.
Inman
SEPTEMBER 20, 2023
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down.
Real Estate News
SEPTEMBER 22, 2023
An email sent by CEO Bob Goldberg to staff on Thursday promises an independent assessment of company policies and practices.
Eyes on Housing
SEPTEMBER 18, 2023
Persistently high mortgage rates above 7% continue to erode builder confidence, as sentiment levels have dropped below the key break-even measure of 50 for the first time in five months. Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index.
Housing Wire
SEPTEMBER 18, 2023
For the first time in five months, homebuilder sentiment levels dropped below the key break-even measure of 50, mostly reflecting the difficulties of persistent 7% mortgage rates. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) report showed that builder confidence fell 5 points in September to a reading of 45, following a six-point drop in August.
Inman
SEPTEMBER 18, 2023
Fannie Mae economists predict "mild recession" next year, but say mortgage rates may not ease as much as previously expected.
Real Estate News
SEPTEMBER 21, 2023
Both sides in the Sitzer/Burnett case filed motions over the right to use — or exclude — evidence from parties who have already settled.
Eyes on Housing
SEPTEMBER 22, 2023
Nonfarm payroll employment increased in 33 states and the District of Columbia in August compared to the previous month, while 17 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 187,000 in August, following a gain of 157,000 jobs in July. On a month-over-month basis, employment data was strong in California, which.
Housing Wire
SEPTEMBER 22, 2023
Soaring mortgage rates and home prices are continuing to dampen affordability for homebuyers. Pending-home sales fell 13% from a year ago for the four weeks ending Sept. 17, according to a new report from Redfin. Combined with elevated mortgage rates, monthly housing payments are at an all-time high. This is pushing many prospective homebuyers to the sidelines until the market becomes healthier.
Inman
SEPTEMBER 21, 2023
Data from artificial intelligence-powered valuation company Plunk will be used to enrich the products of two real estate industry firms that specialize in marketing technology and services.
Real Estate News
SEPTEMBER 19, 2023
The multifamily sector saw the largest monthly declines, but single-family starts were also sluggish as mortgage rates remained high.
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