Housing Wire

SEPTEMBER 28, 2024

Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will likely take mortgage rates to go under 6% and stay there for an extended period to get real sustained demand growth from record-low sales levels. However, considering the affordability challenges with the housing market , it’s good to see a flip in the housing data without rates getting under 6%.

Mortgage 525

Mortgage Inventory New Listings Contracts 525

Appraisal Buzz

OCTOBER 2, 2024

The CoreLogic Home Price Index (HPI) and HPI Forecast for August 2024 have been released by CoreLogic , revealing that although gains are expected to drop to less than 1% by next spring, home price growth picked up to about 4% year-over-year in August. Mortgage rates fell to their lowest point in over two years during the final week of September, as reported by Freddie Mac.

Home Value 435

Home Value Business Mortgage Marketing 435

Real Estate News

OCTOBER 3, 2024

In its latest consumer guide, the association offers general education about MLSs while alluding to the ongoing debate over its Clear Cooperation Policy.

Sellers 317

Sellers 317

Sacramento Appraisal Blog

OCTOBER 2, 2024

The 1990s are back in style. Big pants, Nirvana t-shirts, and Doc Martens. And even the housing market feels a bit like the ’90s. Let’s talk about it. UPCOMING SPEAKING GIGS: 10/18/24 Prime Real Estate (private) 10/22/24 Culbertson and Gray Group (private (I think)) 10/23/24 SAFE Credit Union (details TBA) 10/29/24 Orangevale MLS Meeting 11/7/2024 […] The post The housing market has ’90s vibes first appeared on Sacramento Appraisal Blog.

Housing Market 300

Housing Market Marketing Real Estate Appraisal 300

Housing Wire

OCTOBER 4, 2024

Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower, which it has. However, it works both ways. Recently, I’ve written that mortgage rates may have bottomed for 2024 because they got toward the low-end range of my 2024 forecast , and unless the labor market gets much weaker, this is it.

Mortgage 493

Mortgage Construction Retail Government 493

Appraisal Buzz

OCTOBER 4, 2024

According to data provided by Epiq AACER , the 6,067 total Commercial Chapter 11 bankruptcies filed during the first nine months of 2024 represented a 36% increase over the 4,561 filed during the same period in 2023. “As we close out the third quarter in 2024, we continue to see a steady increase in both individual and commercial filings this year to date.

Supply Chain 417

Supply Chain Business Legal Technology 417

George Dell

OCTOBER 2, 2024

Around every corner, someone wants appraiser’s to buy their technology. We get techhype – buy our wonderful. “Prove your adjustments.” “Bulletproof your reports.” Technology of computers and especially software. “Buy our most clever delivery product.” We started with electric typewriters and adding machines. Then calculators (like the hp12c) and fast dot-matrix printers. […] The post Technology: Buy or Sell?

Technology 195

Technology Appraisal Valuation 195

Housing Wire

SEPTEMBER 30, 2024

The landmark antitrust lawsuit settlement agreed to by the National Association of Realtors (NAR) in March has put the practices of real estate agents in the spotlight for both regulators and clients alike. Now, with agent commissions starting to decline, agents naturally want to convey the value of their services to buyers and sellers. New research from the Federal Reserve Bank of Atlanta attempts to answer one question — can my agent get a better sale price on my home than a competing agent?

Agents 488

Agents Real Estate Agent Real Estate Sellers 488

Appraisal Buzz

OCTOBER 3, 2024

Following the Federal Reserve ‘s 50 basis point reduction in the jumbo rate in September, mortgage rates significant fell to a 24-month low, prompting sellers to move. The Realtor.com 2024 September Housing Report states that actively listed properties increased by 34.0%, while newly listed homes increased by 11.6% over the previous September. This represents a major reversal from the 0.9% fall in August 2024.

Marketing 418

Marketing New Listings Sellers Advertising 418

Real Estate News

OCTOBER 2, 2024

University at Buffalo School of Law professor Tanya Monestier’s draft agreement gets most agents “90% of the way there,” she told Real Estate News.

Buyers 298

Buyers Law Real Estate Agents 298

Inman

OCTOBER 1, 2024

After a decade leading the trade group's legal team — including through sexual harassment scandals and numerous anti-trust commission lawsuits — Johnson is leaving.

Legal 193

Legal Realtors Brokerage 193

Housing Wire

OCTOBER 2, 2024

The brokerages and non-Realtor-owned MLSs that decided to opt in to the National Association of Realtors’ (NAR) commission lawsuit settlement agreement can breathe a sigh of relief. As expected, Judge Stephen R. Bough, who is overseeing the Sitzer/Burnett and Gibson/Umpa suits, granted preliminary approval to the 13 brokerages and 15 MLSs that chose to settle the commission lawsuits via the opt-in mechanism negotiated by NAR in its settlement.

Brokerage 482

Brokerage Realtors Legal Real Estate 482

Appraisal Buzz

OCTOBER 1, 2024

With Hurricane Helene, the eighth named storm of the season, having made landfall as a Category 4 hurricane in Florida’s Big Bend region last Friday , cleanup from this devastating storm is underway, as people piece their lives back together after Mother Nature wreaked havoc throughout the Southeastern U.S. The death toll currently stands at 140-plus from Hurricane Helene, and CoreLogic announced initial residential and commercial storm surge and wind loss estimates for Hurricane Helene for insu

Home Improvement 418

Home Improvement Insurance Home Value Sellers 418

Real Estate News

OCTOBER 4, 2024

In a fourth amended complaint, Top Agent Network has doubled down on its allegations that Clear Cooperation is anticompetitive and anti-consumer choice.

Agents 289

Agents 289

Inman

OCTOBER 2, 2024

New CEO Nykia Wright told NAR's board of directors the trade group's next step will be to develop a "comprehensive" litigation strategy and size up any additional legal exposure related to its rules.

Legal 190

Legal Development Realtors 190

Housing Wire

OCTOBER 1, 2024

Katie Johnson is stepping down from her role as chief legal officer for the National Association of Realtors. CEO Nykia Wright informed NAR members of the news in an email sent Tuesday and obtained by HousingWire. Johnson, who has spent 17 years at the trade association, has also been serving as NAR’s chief membership experience officer. Her last day will be Oct. 4.

Legal 482

Legal Realtors Development Business 482

Appraisal Buzz

OCTOBER 1, 2024

Realtor.com has found that , amid rising home prices and mortgage rates, real estate investors are still finding hidden gems in affordable metros across the country, with Dayton, Ohio, standing out as the top destination for property investment in 2024. “For buyers interested in investing in rental properties or other real estate, it’s key to know which areas are both affordable and in high demand to be able to capitalize on any investment opportunities, especially with today’s higher prices and

Real Estate 416

Real Estate Investors Investing Buyers 416

Real Estate News

OCTOBER 3, 2024

Mortgage rates remain relatively low, and buyer activity, including home tours and mortgage purchase applications, are up.

Buyers 290

Buyers Mortgage 290

Inman

OCTOBER 1, 2024

Compliance expert Summer Goralik tackles why the commission-splitting debate remains unresolved and whether listing agreements should still include buyer agent compensation fields.

Agents 190

Agents Buyers Realtors Brokerage 190

Housing Wire

SEPTEMBER 30, 2024

More than 16 million Americans who are 65 or older are living alone, but the depth of their experiences is largely unknown. This is according to a recent story published by KFF Health News. “This slice of the older population has significant health issues: Nearly 4 in 10 seniors living alone have vision or hearing loss, difficulty caring for themselves and living independently, problems with cognition, or other disabilities, according to a KFF analysis of 2022 census data,” the story explained.

Technology 482

Technology Government Development Marketing 482

Appraisal Buzz

SEPTEMBER 30, 2024

This piece originally appeared in the September 2024 edition of MortgagePoint magazine, online now. As the mortgage industry adjusts to changes in regulatory compliance, rising interest rates, declining purchase volume, and overall economic uncertainty, servicing becomes more important to both mortgage holders and their homeowners. Homeowners are increasingly interested in a seamless and digital, user-friendly experience throughout the mortgage journey, from application to closing and on to t

Technology 406

Technology Tools Investing Mortgage 406

Real Estate News

SEPTEMBER 30, 2024

Home Price Index went up 4.1%, while starter homes are more affordable than they’ve been in four years — in part due to a shift in perspective.

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Inman

SEPTEMBER 30, 2024

University of Buffalo contracts law professor Tanya Monestier's sample form makes clear the buyer is on the hook for buyer broker compensation so long as they successfully close a deal.

Contracts 190

Contracts Law Buyers Realtors 190

Housing Wire

OCTOBER 4, 2024

A stronger than expected September jobs report is not great news for the Federal Reserve or the housing industry, which was hoping for a swift decline in interest rates. Data from the U.S. Bureau of Labor Statistics released on Friday shows that 254,000 non-farm payroll jobs were added in September. This is higher than the average monthly gain of 203,000 jobs over the past 12 months.

Construction 476

Construction Housing Market Government Real Estate 476

Appraisal Buzz

OCTOBER 4, 2024

It might go without saying that a junk-cluttered yard does a home seller no favors—in fact, six in 10 real estate agents estimate that an unkempt front yard decreases a property’s value by 20% or more. But what constitutes junk? Trash or discarded building materials? Sure. What about a boat, RV, or children’s toys? What if a neighbor is the clutter-collecting culprit—could the adjacent property take a home-value hit?

Home Value 397

Home Value Real Estate Agent Sellers Real Estate 397

Real Estate News

OCTOBER 4, 2024

While higher levels of employment is good news for real estate in the long term, rising rates may put a damper on home sales this fall.

Real Estate 279

Real Estate Mortgage 279

Inman

SEPTEMBER 30, 2024

Most real estate professionals say little has changed since new commission rules went into effect in August. But for a smaller group, the changes have unleashed a completely different experience.

Agents 190

Agents Real Estate Clients Buyers 190

Housing Wire

OCTOBER 3, 2024

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. It’s almost that time of year! The leaves are starting to turn, kids are back in school, and the fall real estate market is in full swing. We have only three months until the end of the year, so if you’re looking to close a few more deals and fill your pipeline for the spring, the time to put in the work is now.

Real Estate 476

Real Estate Decorating Marketing Real Estate Agent 476

Appraisal Buzz

OCTOBER 3, 2024

According to a new Redfin analysis, in the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed hands, representing the lowest turnover rate in decades. Further data found that some 31% fewer homes were sold this year than in the final pre-pandemic year of 2019 (36 of every 1,000), and 37.5% fewer homes were sold this year than during the peak of the pandemic buying frenzy in 2021 (40 of every 1,000).

HOA 397

HOA Property Taxes Advertising Real Estate Agent 397

Real Estate News

OCTOBER 4, 2024

The sale-leaseback proptech mired in legal action celebrated a win that absolved the firm of wrongdoing and awarded it over $153,000 for past due rent and fees.

Legal 278

Legal 278

Inman

SEPTEMBER 28, 2024

It seems everyone's talking about Clear Cooperation these days. Is the policy a power grab from NAR and the MLSs or a sincere effort to level the playing field for buyers?

Buyers 187

Buyers Brokerage Agents 187

Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs). The guidance applies to origination and servicing for both traditional forward mortgages as well as Home Equity Conversion Mortgages ( HECMs ) for senior borrowers, the agency said.

Inspection 476

Inspection Insurance Mortgage Design 476

Appraisal Buzz

OCTOBER 2, 2024

While homeowners are witnessing a dramatic reversal in the home equity trend—which had previously shown three quarters of declines in a row—homeowner equity is increasing following notable price surges throughout the spring 2024 buying season. A new ATTOM report examines the present trends in underwater mortgages and homeowner equity, the underlying causes of these trends, and the states most affected.

Mortgage 397

Mortgage Market Value Real Estate Inventory 397

Real Estate News

OCTOBER 2, 2024

John L. Scott and Real Estate One are the latest firms to reach a deal in the Gibson/Umpa class-action lawsuit.

Brokerage 279

Brokerage Real Estate 279