Housing Wire

AUGUST 17, 2023

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years. According to the CFPB, Freedom provided real estate agents and brokers with incentives, including cash payments, paid subscription services, and catered parties in exchange for agent and broker referrals for mortgage loan offer

Realty 369

Realty Mortgage Brokerage Real Estate 369

Sacramento Appraisal Blog

AUGUST 16, 2023

Weird. That’s a good way to describe today’s housing market. On one hand prices are still pretty high, but volume has fallen off a cliff. This week I was talking with a broker who has been in business since the 1970s, and he told me he’s never seen a market like today. Exactly. This is […] The post A Weird Housing Market: High Prices & Depressed Volume first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.

Housing Market 294

Housing Market Marketing Real Estate Appraisal 294

Cleveland Appraisal Blog

AUGUST 13, 2023

Hello! I hope you’re having a great summer! Plumbing may be the last thing on your mind right now. If you’re like me, you put off plumbing work until the winter months when there is less to do outside. At least in Cleveland anyway. However, plumbing is a big part of our lives, on many levels. When it comes to plumbing, there are things we can do to save money and avoid future problems.

Appraisal 253

Appraisal Inspection Transportation Renovations 253

Real Estate News

AUGUST 15, 2023

Keller kicked off KW’s Mega Camp with a message for agents: “If you do the work, you will have a great real estate year, regardless of the market.

Marketing 229

Marketing Real Estate Agents 229

Speaker: Timothy Allsopp

Payment challenges often lead to delayed projects, financial bottlenecks, and strained relationships. With construction projects becoming more complex, outdated processes are no longer sustainable. By refining financial workflow, companies can improve cash flow, reduce error, and foster trust between stakeholders. Discover practical strategies for redesigning payment systems to overcome workflow challenges while creating a smoother, more reliable process for contractors and subcontractors alike.

Construction

Housing Wire

AUGUST 15, 2023

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% in July on a year-over-year basis, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data. On a monthly basis, applications ticked up by 0.2%.

Construction 368

Construction Mortgage Inventory Buyers 368

George Dell

AUGUST 16, 2023

Analyst Appraisers are replacing “Opinion” Appraisers! (Trust me … ) Why? How? Huh? In the late 1900’s, appraisers were handicapped! Typewriter. Telephone. Assessor data. Quarterly MLS comp books, No compiled commercial data at all! Collecting comp data was 80% of the battle. Get four or five and you were “almost done.” Make some adjustments from […] The post The Analyst Appraiser?

Appraisal 150

Appraisal 150

Real Estate News

AUGUST 17, 2023

After a fourth week of increases, average rates reached 7.09% this week, passing last fall's peak.

Mortgage 227

Mortgage 227

Housing Wire

AUGUST 18, 2023

The slower housing market and uncertain economic conditions took their toll on the number of real estate brokerages and firms that were named to Inc. Magazine ’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023.

Real Estate 365

Real Estate Brokerage Realty Real Estate Agent 365

Inman

AUGUST 14, 2023

When listing a luxury home, the quality of the kitchen is critical. Just ask John Messina, Licensed Associate Broker and Global Real Estate Advisor at Daniel Gale Sotheby’s International Realty: “The kitchen is the heart of a home,” he says. “It can determine whether a home sells right away or languishes on the market.

Realty 148

Realty Real Estate Marketing 148

Advertiser: Trellis

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

Real Estate

Eyes on Housing

AUGUST 14, 2023

Over the first six months of 2023, the total number of single-family permits issued year-to-date (YTD) nationwide reached 449,226. On a year-over-year (YoY) basis, this is 20.9% below the June 2022 level of 567,798. Year-to-date ending in June, single-family permits declined in all four regions. The Northeast posted the lowest decline of 11.0%, while the West region reported the steepest.

Construction 143

Construction Marketing 143

Real Estate News

AUGUST 12, 2023

As the wildfire death toll rises, Keller Williams, eXp and others connect with agents, raise money and even turn an office into an emergency “command center.

Agents 222

Agents 222

Housing Wire

AUGUST 17, 2023

The 10-year yield closed today above my key level of 4.25%: Does that mean mortgage rates will hit 8%? To understand what’s happening, here’s how I look at the bond market and mortgage rates in my forecast for 2023. In my 2023 forecast , the range on the 10-year yield was between 3.21%-4.25%, emphasizing that the bond yields can go lower than 3.21% only if the labor market breaks — which would require jobless claims to go over 323,000 on a four-week moving average.

Mortgage 361

Mortgage Retail Marketing 361

Inman

AUGUST 16, 2023

If it’s been a while since you’ve been to a real estate conference, broker Troy Palmquist says it’s time you start making travel plans.

Real Estate 147

Real Estate Brokerage Agents 147

Eyes on Housing

AUGUST 17, 2023

Confidence in the market for new multifamily housing was in positive territory for the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 56 for the first quarter while the Multifamily Occupancy Index.

Development 140

Development Marketing 140

Real Estate News

AUGUST 18, 2023

Serial entrepreneur Spencer Rascoff predicts real estate agents will be “one of the biggest verticals” that will use HeyLibby to turn contacts into customers.

Real Estate Agent 214

Real Estate Agent Real Estate Agents 214

Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. A federal court judge on Wednesday dismissed all antitrust allegations made by REX Real Estate against NAR and Zillow. The remaining claims in the case are all against Zillow, meaning that NAR is no longer a defendant in the case and will not have to participate if it heads to trial next month as scheduled.

Advertising 359

Advertising Legal Brokerage Realtors 359

Inman

AUGUST 14, 2023

Compass has recruited the second-largest Coldwell Banker teams in Denver and Seattle, the Infinity Pros team and the Get Happy At Home team. They are the 51st and 52nd agents or teams to move from Coldwell Banker to Compass this year.

Agents 148

Agents Brokerage 148

GoForrmz

AUGUST 14, 2023

Originally published on 10/29/2015 Simplify the collection and completion of critical authorizations with Digital Signature and eSignature fields Whether it’s a handwritten or electronic signature , signatures are being captured every day across various industries. In this blog, we’ll delve into the three different types of signature options GoFormz offers along with best practices and common use cases to consider when selecting which signature form field to use for your electronic signature for

Legal 128

Legal Contracts Law Inspection 128

Real Estate News

AUGUST 16, 2023

A judge has ruled an antitrust claim was without merit, a key component in a federal case involving how portals display non-MLS real estate listings.

Real Estate 212

Real Estate 212

Housing Wire

AUGUST 14, 2023

One of Texas’ top mega teams , Nest Finders , is partnering with r eal estate brokerage as a service platform , Pinnacle Realty Advisors , according to an announcement on Monday. Pinnacle Realty Advisors will supply Nest Finders with back-end support and tools such as on-demand broker support, as well as PinnacleHQ , Pinnacle’s virtual office and services marketplace.

Realty 359

Realty Brokerage Agents Tools 359

Inman

AUGUST 18, 2023

Compass has purchased the 40-year-old brokerage and its team of nearly 40 agents, marking the publicly traded brokerage's first office in Santa Cruz County, the company announced Wednesday.

Brokerage 146

Brokerage Agents 146

Eyes on Housing

AUGUST 16, 2023

Every year, the National Association of Home Builders (NAHB) conducts a member census to better understand the composition and characteristics of the people who belong to its organization. In 2022, 35% of NAHB’s members were builders—those whose primary business is single-family home building, multifamily building, residential or commercial remodeling, commercial building, land development, or manufacturing of modular/panelized/log homes.

Development 121

Development Business 121

Real Estate News

AUGUST 16, 2023

CRMLS and other organizations are offering temporary access and support to agents affected by the Rapattoni shutdown, now in its second week.

Agents 209

Agents 209

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. Magazine ‘s 5,000 fastest-growing private companies in the U.S. for 2023. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The companies are U.S.-based, privately held and independent as of Dec. 31, 2022.

Loan Officers 358

Loan Officers Mortgage Development Lending 358

Inman

AUGUST 14, 2023

Retail investors and local landlords offer real estate agents a wide array of options for staying active in a market bereft of traditional inventory, you simply need to know how to connect with them.

Inventory 147

Inventory Real Estate Agent Landlords Retail 147

Eyes on Housing

AUGUST 15, 2023

After steadily rising for seven consecutive months, builder confidence retreated in August as rising mortgage rates nearing 7% (per Freddie Mac) and stubbornly high shelter inflation have further eroded housing affordability and put a damper on consumer demand. Builder confidence in the market for newly built single-family homes in August fell six points to 50, according to the National Association.

Mortgage 116

Mortgage Marketing 116

Real Estate News

AUGUST 15, 2023

New rules intended to prevent laundering money through luxury real estate could increase costs and extend transaction times for agents and brokers.

Real Estate 196

Real Estate Agents 196

Housing Wire

AUGUST 13, 2023

Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. Weekly active inventory grew slowly again and purchase apps were down week to week again. Weekly active listings rose by only 4,270 Mortgage rates went from 7.03% to 7.19% Purchase apps were down 3% week to week Mortgage rates and bond yields Last week we started with lower bond yields as we

Mortgage 359

Mortgage Inventory New Listings Retail 359

Inman

AUGUST 15, 2023

Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a "rolling recession" while predicting agents will survive treacherous economic terrain.

Housing Market 146

Housing Market Agents Marketing Sellers 146

Eyes on Housing

AUGUST 17, 2023

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the second quarter of 2023, single-family attached starts totaled 38,000, which is flat relative to the second quarter of 2022. Nonetheless, over the last four quarters, townhouse construction starts totaled a solid 141,000 homes, which is almost 5% lower than the prior.

Construction 114

Construction Design 114

Real Estate News

AUGUST 18, 2023

The Consumer Financial Protection Bureau fined Freedom Mortgage $1.75 million and Realty Connect $200,000 for providing illegal incentives for loan referrals.

Brokerage 194

Brokerage Mortgage Realty 194

Housing Wire

AUGUST 14, 2023

A ransomware attack has crippled Rapattoni, a Southern California data host for property listing information. Santa Rosa-based Bay Area Real Estate Information Service (BAREIS) and other MLSes, who are clients of Rapattoni, fell victim of the cyberattack. This form of cybercrime encrypts the victim’s data and demands a ransom for its release. The incident left agents from all across the country scrambling for workarounds to navigate the disruption to their marketing and property sales efforts, t

Real Estate Agent 359

Real Estate Agent Real Estate Agents Brokerage 359