Housing Wire

OCTOBER 12, 2023

A coalition of trade associations — including the Community Home Lenders of America (CHLA), National Association of Realtors (NAR), and Independent Community Bankers of America (ICBA) — on Thursday called on the Biden administration to reduce the historically large spread between the 30-year mortgage rates and 10-year Treasuries. The trade groups noted that the spread sits at over 300 basis points (bps) compared to the historic norm of about 150 bps.

Mortgage 542

Mortgage Realtors Finance Lending 542

Sacramento Appraisal Blog

OCTOBER 9, 2023

Are we finally starting to see more listings? Yes and no. Today I want to talk about a change we’re seeing with listings both nationally and locally. This is a really important topic, and some of it feels a bit technical because it’s about understanding new listings vs active listings. Anyway, let’s be on the […] The post Are we finally starting to see more listings?

New Listings 335

New Listings Real Estate Appraisal Housing Market 335

Real Estate News

OCTOBER 12, 2023

Economic signals appear to be keeping rates elevated as they climb for a fifth straight week.

Mortgage 325

Mortgage 325

Inman

OCTOBER 9, 2023

Owning multiple properties is relatively common with ultra-high-net-worth individuals. Agents should be well-versed in helping them identify and acquire secondary homes that fulfill their needs and goals.

Agents 210

Agents 210

Housing Wire

OCTOBER 9, 2023

Elevated mortgage rates continue to dampen already-pessimistic consumer housing sentiment and create affordability woes for both homebuyers and sellers. That feeling is underscored in Fannie Mae ’s latest Home Price Sentiment Index (HPSI), which decreased by 2.4 points in September to 64.5. The index tracks the housing market and consumer confidence to sell or buy a home.

Mortgage 518

Mortgage Housing Market Sellers Marketing 518

George Dell

OCTOBER 11, 2023

A dictionary definition of “adjust” is: “alter or move (something) slightly in order to achieve the desired fit, appearance, or result.” When I “carefully” pick some comps, I use my judgment to need as little fudging as possible. But it never seems to work out just right. There are three practices to adjust the fudging: […] The post Just Adjust Pt 2 appeared first on George Dell, SRA, MAI, ASA, CRE.

Appraisal 195

Appraisal 195

Inman

OCTOBER 9, 2023

MBA, NAR and NAHB say uncertainty over the Federal Reserve's next moves is disrupting the housing sector and threatening to send the U.S.

Realtors 207

Realtors Mortgage Marketing 207

Housing Wire

OCTOBER 7, 2023

Mortgage rates were scarier than Freddy Krueger last week, rising to a 23-year high as some of the labor data surprised to the upside. Unfortunately, those higher mortgage rates didn’t spur inventory growth this week, so we didn’t even get the benefit we would usually see when rates rise. And higher mortgage rates pushed purchase application data down 6% week to week.

Inventory 508

Inventory New Listings Mortgage Marketing 508

The Appraiser Coach

OCTOBER 10, 2023

How did you become an appraiser? Maybe you just stumbled upon it. Maybe it was your dream career ever since you knew what appraising was. No matter how you got there, at some point you said, yes this is for me. You decided, this is what I want to do for the rest of my life. What was your why behind that moment? Many people who decide to run their own small business do it in large part because of the flexibility that comes from creating their own schedule and running on their own time.

Business 195

Business Appraisal Inspection Real Estate Agent 195

Real Estate News

OCTOBER 12, 2023

Greg Schwartz, CEO of online lender Tomo and former head of Zillow’s Premier Agent business, sees some relief ahead for consumers — and a reckoning for agents.

Agents 306

Agents Mortgage Business 306

Inman

OCTOBER 12, 2023

Although technology has its place, it simply can't compare with the human touch when it comes to marketing and running a real estate business. Broker Teresa Boardman differentiates the skills AI is good at from those that you can do better.

Technology 204

Technology Real Estate Business Marketing 204

Housing Wire

OCTOBER 11, 2023

The Federal Housing Finance Agency (FHFA) Director Sandra Thompson said Wednesday that the agency is working to provide more clarity on its framework and use alternatives amid a spike in Fannie Mae and Freddie Mac ‘s loan buybacks. The GSEs’ loan buybacks have been one of the top complaints among mortgage lenders in a near 8% mortgage rate environment.

Finance 505

Finance Tools Sellers Technology 505

Eyes on Housing

OCTOBER 12, 2023

The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2023 posted a reading of 65, edging down 3 points from the previous quarter. While there is still demand for remodeling, some customers are pulling back on potential projects due to higher prices and increased interest rates. Even though remodeling spending has experienced some slow down over the.

Marketing 190

Marketing 190

Real Estate News

OCTOBER 11, 2023

An attorney for the organization said a loss would be “bad news for consumers” and force the industry “back into the 19th century.

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306

Inman

OCTOBER 13, 2023

Real Brokerage has added 56 agents through the acquisition of Legends Real Estate in Sacramento led by John Pope, a 45-year veteran of the industry.

Real Estate 202

Real Estate Brokerage Agents 202

Housing Wire

OCTOBER 13, 2023

It’s a weird time to be a real estate agent , and I see it all around me here in the Denver metro. Brokers who rode the proverbial wave of real estate during the pandemic and have now had to reroute or pivot to figure out how to navigate a market that was once boasting the lowest rates in decades are disoriented. For those of us who have spent most of our careers in real estate, we know what it’s like to be part of a feast or famine industry.

Real Estate Agent 497

Real Estate Agent Real Estate Agents Marketing 497

Eyes on Housing

OCTOBER 11, 2023

Per the Mortgage Bankers Association’s (MBA) survey through the week ending October 6th, total mortgage activity increased 0.6% from the previous week and the average 30-year fixed-rate mortgage (FRM) rate rose 14 basis points to 7.67%. The FRM rate has increased 40 basis points over the past month to its highest level since 2000. The Market Composite Index, a measure.

Mortgage 179

Mortgage Marketing Lending Finance 179

Real Estate News

OCTOBER 10, 2023

Most consumers say it’s a bad time to buy, but for the determined, family members can help them overcome affordability hurdles.

Marketing 306

Marketing 306

Inman

OCTOBER 13, 2023

The added punch of mortgage rates nearing 8 percent is making this year's fall selling season particularly slow.

Marketing 201

Marketing Mortgage 201

Housing Wire

OCTOBER 13, 2023

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp. , nine industry sources told HousingWire. The talks remain ongoing and are not believed to be in the late stages, sources said. If the deal is completed, it will catapult CrossCountry to becoming the fourth-largest mortgage lender in the country, behind United Wholesale Mortgage (UWM), Pennymac Financial a

Loan Officers 493

Loan Officers Mortgage Finance Business 493

Eyes on Housing

OCTOBER 11, 2023

In a new study, NAHB uses the 2021 American Housing Survey (AHS) to investigate the characteristics of recent home buyers, defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted. According to this criterion, roughly 10.2 million households recently bought and moved to a new home. The study focuses on two important.

Buyers 174

Buyers 174

Real Estate News

OCTOBER 12, 2023

A respected team leader and speaker, Geha worked with giants Gino Blefari, Gary Keller and Glenn Sanford during his four-decade career.

Real Estate 299

Real Estate 299

Inman

OCTOBER 8, 2023

If you want to raise your profile on the world's most prominent digital platform, a Google Business Profile is the way to go. Jimmy Burgess offers the secrets to optimizing your online presence with this underutilized marketing tool.

Business 202

Business Tools Marketing Technology 202

Housing Wire

OCTOBER 11, 2023

CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s $720 million acquisition of Computershare Mortgage Services Inc. allows the company to improve its fee-based income as the deal includes the purchase of Specialized Loan Servicing LLC (SLS). “The SLS platform for us is very much the focus as to how we think about fee-based income and third-party business,” Baron Silverstein, president at NewRez , a subsidiary of Rithm, said on Wednesday afternoon during the HousingWire

Retail 492

Retail Business Real Estate Investors 492

Eyes on Housing

OCTOBER 13, 2023

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 September (not seasonally adjusted) after climbing 0.4% in August. Prices have increased 0.8%, year-to-date, the smallest YTD gain through September since 2019. The Producer Price Index for all final demand goods rose 0.9% in September after increasing.

Construction 173

Construction 173

Real Estate News

OCTOBER 7, 2023

The CEOs of UpEquity and EasyKnock say their buy-before-you-sell products make offers stronger and help agents close more deals.

Agents 290

Agents 290

Inman

OCTOBER 7, 2023

Find out how this veteran of the fashion industry turned her knowledge of high-end retail to the business of luxury real estate.

Retail 200

Retail Real Estate Business Agents 200

Housing Wire

OCTOBER 11, 2023

In its 9th year, the HousingWire Vanguards award offers a definitive list of the top leaders in housing who are shaping the housing economy for the better. The forward-thinkers and trailblazers who are shaping the industry through their unwavering commitment, transformative ideas and steadfast dedication to driving growth and positive change. This year, 100 honorees were selected for their outstanding leadership in the midst of market volatility.

Realty 488

Realty Real Estate Technology Lending 488

Eyes on Housing

OCTOBER 10, 2023

According to the Federal Reserve’s latest G.19 Consumer Credit report, total consumer credit outstanding totaled $4.97 trillion (seasonally adjusted annual rate) in August, a decrease of $15.6 billion over the month but $188.8 billion—or 3.9%–higher than August 2022. The monthly decline resulted from a 0.8% drop in nonrevolving credit outstanding that was partially offset by a 1.2% increase in revolving credit.

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Real Estate News

OCTOBER 11, 2023

Coldwell Banker Affiliates appoints BHHS exec Jason Waugh as president; PLACE names coach Brendon Burchard as chief growth advisor.

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278

Inman

OCTOBER 12, 2023

Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association's weekly survey.

Mortgage 197

Mortgage Marketing 197

Housing Wire

OCTOBER 11, 2023

PNC Bank issued pink slips to an undisclosed number of employees this week as part of its focus on controlling costs. “As part of our strong focus on expense management, we have reviewed our organizational structure and have identified an opportunity to better position our company for long-term success. This includes a shift away from work not fully aligned to our strategic priorities and will result in a reduction in staffing levels in certain areas,” the company’s spokesperson said in an emai

Retail 482

Retail Real Estate Business Mortgage 482

Eyes on Housing

OCTOBER 10, 2023

After more than a year of strong gains, average hourly earnings for residential building workers* increased at a relatively slower pace in the past few months. Wage growth has retreated below 3%, from the peak rate of 8% in 2021. According to the Bureau of Labor Statistics (BLS) report, average hourly earnings (AHE) for residential building workers were $29.99 per.

Marketing 152

Marketing 152

Real Estate News

OCTOBER 10, 2023

The Consumer Financial Protection Bureau is suing the company over faulty loan data. In August, Freedom was fined by the CFPB for illegal kickbacks.

Legal 278

Legal Mortgage 278